SOUTH32 LIMITED (S32)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

S32

S32 - SOUTH32 LIMITED

FNArena Sector : Mining
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.32
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

South32 is a mining and metals company producing alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc in Australia, Southern Africa and South America. It was spun out of BHP Billiton in 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.52

12 Jun
2026

0.150

OPEN

$4.60

3.43%

HIGH

$4.60

15,436,125

LOW

$4.49

TARGET
$5.058 11.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMN . APC . ARV . AZY . BCI . BML . CNB . COD . DRE . E25 . EM2 . HFR . KSN . LM8 . LNQ . MPK . PEX . PMT . QML . RTR . S2R . STK . SVY .
FNARENA'S MARKET CONSENSUS FORECASTS
S32: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 29.1 xxx
DPS (cps) 11.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 15.4 xxx
Dividend Yield 2.5% xxx
Div Pay Ratio(%) 38.1% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 2.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.90

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 18/09 - ex-div 4.01c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx8.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx8,924.8 M
Book Value Per Share xxxxxxxxxxxxxxx300.3
Net Operating Cash Flow xxxxxxxxxxxxxxx2,061.4 M
Net Profit Margin xxxxxxxxxxxxxxx5.50 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx3.65 %
Return on Invested Capital xxxxxxxxxxxxxxx3.17 %
Return on Assets xxxxxxxxxxxxxxx2.32 %
Return on Equity xxxxxxxxxxxxxxx3.65 %
Return on Total Capital xxxxxxxxxxxxxxx7.20 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx67.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx407 M
Long Term Debt xxxxxxxxxxxxxxx2,086 M
Total Debt xxxxxxxxxxxxxxx2,493 M
Goodwill - Gross xxxxxxxxxxxxxxx212 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,559 M
Price To Book Value xxxxxxxxxxxxxxx0.97

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1,548.7 M
Capex % of Sales xxxxxxxxxxxxxxx17.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx7,382 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx398 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,749 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.9

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

08/05/2026

2

Accumulate

$5.00

10.62%

Morgans assesses underlying mine performance held up well across diversified miners during the cyclone and weather disrupted March quarter yet cost pressures are starting to have an impact after the outbreak of conflict in the Middle East, affecting diesel, caustic and freight.

South32 remains the broker's preferred diversified miner at current prices, citing Sierra Gorda copper distributions, Taylor mine life extensions, and aluminium prices at four-year highs.

Accumulate retained. Target edges down to $5.00 from $5.10.

FORECAST
Morgans forecasts a full year FY26 dividend of 11.08 cents and EPS of 28.21 cents.
Morgans forecasts a full year FY27 dividend of 15.66 cents and EPS of 38.11 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
Access Extra Coverage Research History >

S32 STOCK CHART

FNArena News on S32

1
Rudi’s View: Australia’s Sh*t Sandwich

Jun 04 2026 - Rudi's View
2
May In Review: AI Momentum, Healthcare Pain

Jun 03 2026 - Australia
3
Material Matters: Fertiliser, Nickel & Met Coal

May 26 2026 - Commodities
4
AI’s Power Demand Is Rewiring Global Markets

Apr 27 2026 - Commodities
5
Rudi’s View: Best Buys & Conviction Calls

Apr 23 2026 - Rudi's View

Latest Mining News

1
Dyno Nobel Clears Major Technical Hurdle

Jun 09 2026 - Technicals
2
Rio Tinto Shares Eye $200 Milestone

Jun 02 2026 - Technicals
3
Resolute Mining Shares Ready To Rally

May 26 2026 - Technicals
4
Momentum Building For Brazilian Rare Earths

May 19 2026 - Technicals
5
New-Look Dyno Nobel’s Explosive First Half

May 14 2026 - Australia
6
Mining, Value-adds Underpin Orica’s Outlook

May 12 2026 - Australia
7
Uptrend Resumes For Sandfire Resources Shares

May 12 2026 - Technicals
8
Why Is PLS Still Heavily Shorted?

Apr 30 2026 - Commodities
9
The Greatland Resources Valuation Debate

Apr 30 2026 - Commodities
10
March Quarter Gold Medal For Newmont

Apr 28 2026 - Commodities