Our analysis is based on comparing Sibanye Gold Ltd. with the following peers – Barrick Gold Corporation, Newmont Mining Corporation, AngloGold Ashanti Limited Sponsored ADR, Harmony Gold Mining Co. Ltd. Sponsored ADR, Gold Fields Limited Sponsored ADR and DRDGOLD Limited Sponsored ADR (ABX-US, NEM-US, AU-US, HMY-US, GFI-US and DRD-US).
Dividend Quality Overview
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 2 were high quality, 1 was medium quality and 2 were low quality.
- The ending cash balance is less than the last full year dividend payment and cannot be relied on to cushion any significant reduction of cash flows in the future.
Quadrant label definitions. Hover to know more
Over the last twelve months (prior to December 31, 2016), SBGL-US paid a medium quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 3.73x), investing cash flow (coverage of -5.86x), issuance cash flow (coverage of 3.38x) and twelve-month prior cash (coverage of 0.42x), for a total dividend coverage of 1.64x.
These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.
|Dividend Yield (%)||N/A||3.17||5.44||3.68||6.78||3.07|
|Dividend Payout (%)||24.54||16.07||64.79||91.84||43.55||42.1|
A complete list of metrics and analysis is available on the company page.
Sibanye Gold Ltd. operates as a gold mining company, which is primarily involved in underground and surface gold mining and related activities, including, extraction, processing and smelting. It holds interest in the Kloof Driefontein Complex located in the Gauteng Province, the Beatrix Gold Mine located in the Magisterial District of Westonaria, Cooke Operations in the West Wits Basin and Driefontein Operations situated near the town of Carletonville in the Gauteng province. Sibanye Gold was founded on December 12, 2002 and is headquartered in Westonaria, South Africa.
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