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African Rainbow Minerals Limited (ARI.JO)
ZAc17,354.00
-134.00 (-0.77%)
ZA JNB Basic Materials Industrial Materials
Address
ARM House 2196
Sandton, ZA
Sandton, ZA
CEO
Velile Phillip Tobias
Website
arm.co.za
IPO
2000-01-04
ISIN ZAE000054045
Also trades on
Johannesburg Stock Exchange · ARI.JO (ZAc)
Other OTC · AFBOF (USD)
Description
African Rainbow Minerals Limited functions as a leading diversified entity within the mining and minerals industry, operating through its subsidiaries across South Africa and Malaysia. The company is deeply engaged in the discovery and extraction of a comprehensive array of valuable commodities, such as platinum group metals, nickel, copper, coal, iron ore, manganese ore, chrome ore, ferro manganese, and gold. Founded in 1933, its corporate base is situated in Sandton, South Africa.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
ZAc17,354.00
-134.00 (-0.77%)
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Volume Profile
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Liquidity & share structure
Average Volume
523.8K
Beta
0.55
Float Shares
82.93M
Free Float %
43.0%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +0.32% | +3.05% | -5.25% | -15.28% | +17.85% | +6.21% | +33.31% | +3.52% | -20.56% | +145.64% | +298.58% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
17,354.00
DCF (Unlevered)
6,962.60
-59.9%
DCF (Levered)
24,997.70
+44.0%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
60% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 3 | 0 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
2.68
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Industrial Materials: +4.8%+2.1% Q4'25: +35.1% (vs Q4'23)
-
EPS growth Industrial Materials: +16.2%-89.5% Q4'25: +95.8% (vs Q4'23)
-
FCF margin FCF growth · Industrial Materials: +3.3%-6.6% Q4'25: +38.1% (vs Q4'23)
-
EBIT margin Industrial Materials: +3.1%+12.2% ★ Q4'25: +23.9% (vs Q4'23)
-
ROIC Industrial Materials: +2.2%+1.6% Q4'25: +10.3% (vs Q4'23)
-
Share dilution Industrial Materials: -0.2%0.0% ★ Q4'25: -1.2% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Industrial Materials: 0.52×0.85× ★ Q4'25: 0.12× (vs Q4'23)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Jun 2015 actual |
Jun 2016 actual |
Jun 2017 actual |
Jun 2018 actual |
Jun 2019 actual |
Jun 2020 actual |
Jun 2021 actual |
Jun 2022 actual |
Jun 2023 actual |
Jun 2024 actual |
Jun 2025 actual |
Jun 2026 2 Rev. Ana. 4 EPS Ana. |
Jun 2027 4 Rev. Ana. 5 EPS Ana. |
Jun 2028 2 Rev. Ana. 2 EPS Ana. |
Jun 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
9.26B
est: 9.66B (-4.1%)
|
8.75B
est: 8.88B (-1.5%)
|
8.16B
est: 8.90B (-8.3%)
|
8.35B
est: 8.68B (-3.8%)
|
8.83B
est: 9.01B (-1.9%)
|
11.65B
est: 10.90B (+6.9%)
|
19.66B
est: 20.33B (-3.3%)
|
16.92B
est: 18.79B (-10.0%)
|
14.66B
est: 21.47B (-31.7%)
|
11.42B
est: 11.84B (-3.6%)
|
11.66B
est: 11.84B (-1.5%)
|
16.98B
16.47B – 17.80B
+43.4% YoY
|
20.18B
17.04B – 22.26B
+18.9% YoY
|
20.68B
18.71B – 22.28B
+2.5% YoY
|
27.27B
24.67B – 29.36B
+31.8% YoY
|
| EBITDA |
1.71B
est: 3.93B (-56.5%)
|
1.17B
est: 3.62B (-67.8%)
|
-1.16B
est: 3.62B (-132.1%)
|
2.59B
est: 3.53B (-26.8%)
|
263.00M
est: 3.67B (-92.8%)
|
2.62B
est: 4.44B (-40.9%)
|
12.64B
est: 8.27B (+52.7%)
|
10.61B
est: 7.65B (+38.7%)
|
6.70B
est: 8.74B (-23.3%)
|
1.16B
est: 4.82B (-75.8%)
|
2.41B
est: 4.82B (-50.1%)
|
6.91B
6.71B – 7.25B
+43.4% YoY
|
8.22B
6.94B – 9.06B
+18.9% YoY
|
8.42B
7.62B – 9.07B
+2.5% YoY
|
11.10B
10.04B – 11.95B
+31.8% YoY
|
| EBIT |
676.00M
est: 3.65B (-81.5%)
|
1.80B
est: 3.35B (-46.4%)
|
-1.89B
est: 3.36B (-156.3%)
|
1.78B
est: 3.28B (-45.6%)
|
-459.00M
est: 3.40B (-113.5%)
|
1.91B
est: 4.12B (-53.7%)
|
11.75B
est: 7.68B (+53.0%)
|
9.65B
est: 7.10B (+36.0%)
|
5.70B
est: 8.11B (-29.8%)
|
2.39B
est: 4.47B (-46.5%)
|
1.43B
est: 4.47B (-68.1%)
|
6.41B
6.22B – 6.72B
+43.4% YoY
|
7.62B
6.44B – 8.41B
+18.9% YoY
|
7.81B
7.07B – 8.41B
+2.5% YoY
|
10.30B
9.32B – 11.09B
+31.8% YoY
|
| Net Income |
104.00M
est: 1.45B (-92.8%)
|
-565.00M
est: 1.12B (-150.6%)
|
1.37B
est: 3.50B (-60.8%)
|
4.56B
est: 4.19B (+8.9%)
|
3.55B
est: 5.13B (-30.8%)
|
3.97B
est: 4.82B (-17.7%)
|
12.63B
est: 14.22B (-11.2%)
|
12.43B
est: 11.99B (+3.6%)
|
8.08B
est: 10.82B (-25.4%)
|
3.15B
est: 5.41B (-41.8%)
|
330.00M
est: 3.55B (-90.7%)
|
4.26B
3.69B – 4.82B
+19.8% YoY
|
6.48B
4.37B – 8.59B
+52.2% YoY
|
6.30B
5.64B – 6.95B
-2.8% YoY
|
3.65B
3.20B – 4.01B
-42.1% YoY
|
| SGA |
368.00M
est: 208.94M (+76.1%)
|
368.00M
est: 192.18M (+91.5%)
|
132.00M
est: 192.51M (-31.4%)
|
134.00M
est: 187.79M (-28.6%)
|
158.00M
est: 194.91M (-18.9%)
|
153.00M
est: 235.87M (-35.1%)
|
191.00M
est: 439.86M (-56.6%)
|
278.00M
est: 406.57M (-31.6%)
|
319.00M
est: 464.46M (-31.3%)
|
372.00M
est: 256.16M (+45.2%)
|
323.00M
est: 256.19M (+26.1%)
|
367.38M
356.46M – 385.23M
+43.4% YoY
|
436.69M
368.76M – 481.68M
+18.9% YoY
|
447.54M
404.86M – 481.98M
+2.5% YoY
|
589.94M
533.68M – 635.35M
+31.8% YoY
|
| EPS |
0.48
est: 7.38 (-93.5%)
|
-2.65
est: 5.69 (-146.6%)
|
7.23
est: 17.83 (-59.5%)
|
23.93
est: 21.36 (+12.0%)
|
18.48
est: 26.16 (-29.4%)
|
20.42
est: 24.57 (-16.9%)
|
64.64
est: 72.49 (-10.8%)
|
63.43
est: 61.13 (+3.8%)
|
41.20
est: 55.18 (-25.3%)
|
16.03
est: 26.48 (-39.5%)
|
1.69
est: 17.43 (-90.3%)
|
21.51
18.83 – 24.56
+23.4% YoY
|
34.52
22.27 – 43.77
+60.5% YoY
|
32.09
28.77 – 35.41
-7.0% YoY
|
18.59
16.29 – 20.46
-42.1% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-28 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-27 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-26 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-25 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-22 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-21 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-20 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-19 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-18 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-15 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-14 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-13 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-12 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-11 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 4/5 |
| 2026-05-08 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 5/5 |
| 2026-05-07 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 5/5 |
| 2026-05-06 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 5/5 |
| 2026-05-05 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 5/5 |
| 2026-05-04 | A- | 4/5 | 4/5 | 3/5 | 4/5 | 3/5 | 2/5 | 5/5 |
| 2026-04-30 | B+ | 3/5 | 4/5 | 3/5 | 4/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-29 | A- | 4/5 | 4/5 | 3/5 | 5/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-28 | A- | 4/5 | 4/5 | 3/5 | 5/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-24 | A- | 4/5 | 4/5 | 3/5 | 5/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-23 | A- | 4/5 | 4/5 | 3/5 | 5/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-22 | A- | 4/5 | 4/5 | 3/5 | 5/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-21 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-20 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 3/5 | 5/5 | 1/5 | 2/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
1.90B
OE per share TTM
10.02
Owner's Yield
4.67%
Maintenance CapEx ratio
20.88%
Maint CapEx / Avg PPE
88.2%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 76 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Global X Rare Earth & Critical Materials ETF EART | 0.35% | 137.1K | 0.59% |
| 2 | iShares Emerging Markets Dividend ETF DVYE | 0.35% | 4.19M | 0.50% |
| 3 | Global X - Disruptive Materials UCITS ETF DMAT.MI | 0.35% | 157.8K | 0.50% |
| 4 | iShares EM Dividend UCITS ETF IEDY.L | 0.35% | 5.03M | 0.65% |
| 5 | iShares Essential Metals Producers UCITS ETF USD Acc METL.AS | 0.30% | 2.62M | 0.55% |
| 6 | Pacer Emerging Markets Cash Cows 100 ETF ECOW | 0.28% | 606.0K | 0.70% |
| 7 | WisdomTree Emerging Markets SmallCap Dividend Fund DGS | 0.23% | 4.19M | 0.58% |
| 8 | JPMorgan Diversified Return Emerging Markets Equity ETF JPEM | 0.20% | 770.1K | 0.44% |
| 9 | WisdomTree Emerging Markets High Dividend Fund DEM | 0.14% | 5.40M | 0.63% |
| 10 | VanEck Africa Index ETF AFK | 0.12% | 117.0K | 0.76% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
115.7K
Shares Outstanding
192.81M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Velile Phillip Tobias | Chief Executive Officer & Executive Director | 14M | male |
| Jacob van der Bijl | Chief Operating Officer | 11M | male |
| André Joubert | Chief Executive of ARM Ferrous | 10M | male |
| Tsundzukani T. A. Mhlanga | Finance Director & Executive Director | 8M | female |
| Lucas Moalusi | Group Executive of Legal | — | male |
| Mitesh Takoordeen | Chief Information Officer | — | male |
| Derrick King | Senior Executive Finance-Corporate & Tax | — | male |
| Thabang Thlaku | Executive of Investor Relations & New Business Development | — | female |
| Busisiwe Mashiane | Group Executive of Human Resources | — | female |
| Princess Thwala | Group Executive of Compliance & Stakeholder Relations | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for ARI.JO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
