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Tharisa plc (THA.JO)

ZAc2,450.00 +0.00 (+0.00%)
CY JNB Basic Materials Other Precious Metals
Address Sofoklis Pittokopitis Business Centre 8011
Paphos, CY
CEO Phoevos Pouroulis
IPO 2014-04-10
ISIN CY0103562118

Explore sections of this company profile

Also trades on Johannesburg Stock Exchange · THA.JO (ZAc) London Stock Exchange · THS.L (GBp) Other OTC · TIHRF (USD)
Description

Tharisa plc, an investment holding company established in 2008 and headquartered in Paphos, Cyprus, is primarily involved in the comprehensive value chain of platinum group metals (PGM) and chrome concentrates. This includes their extraction, processing, beneficiation, marketing, distribution, and global sales. The company maintains an extensive international presence, conducting operations and sales in key regions such as China, South Africa, Singapore, Hong Kong, the United Arab Emirates, Australia, and Japan. Its business is segmented into four core areas: PGM, Chrome, Agency and Trading, and Manufacturing. The PGM portfolio encompasses a range of precious and base metals, including platinum, palladium, ruthenium, rhodium, iridium, nickel, copper, and gold. For its chrome offerings, Tharisa produces chemical, foundry, and metallurgical grade concentrates, supplying these vital materials to diverse clients including stainless steel and ferrochrome producers, as well as commodity traders. A foundational asset for the company is the Tharisa mine, strategically situated within the southwestern limb of South Africa's Bushveld Complex. Beyond its core mining activities, Tharisa also diversifies its operations by manufacturing specialized equipment for the mining industry.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
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
Averages
Trend
Price
Levels
Draw
ZAc2,450.00 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
29.6K
Beta
0.68
Float Shares
102.70M
Free Float %
34.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.68% -3.41% +7.81% -0.32% +31.94% +4.51% +71.95% +33.38% -0.60% +229.53% +12.04%
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
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,450.00
DCF (Unlevered) 5,650.83 +130.6%
DCF (Levered) 3,658.87 +49.3%

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) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.17
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Other Precious Metals: +13.2%
    -7.1% Q1'26: -4.0% (vs Q1'24)
  • EPS growth Other Precious Metals: +50.2%
    -3.7% Q1'26: +15.4% (vs Q1'24)
  • FCF margin FCF growth · Other Precious Metals: +23.8%
    +9.3% Q1'26: -1.7% (vs Q1'24)
  • EBIT margin Other Precious Metals: +5.1%
    +18.6% Q1'26: +20.3% (vs Q1'24)
  • ROIC Other Precious Metals: +2.2%
    +11.0% Q1'26: +23.1% (vs Q1'24)
  • Share dilution Other Precious Metals: -3.0%
    -2.3% Q1'26: -2.0% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Other Precious Metals: 0.37×
    0.56× Q1'26: 0.31× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.65) × ERP
WACC = 83% × Ke + 17% × Kd (6.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 5,650.83 Current price: 2,450.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2015
actual
Sep 2016
actual
Sep 2017
actual
Sep 2018
actual
Sep 2019
actual
Sep 2020
actual
Sep 2021
actual
Sep 2022
actual
Sep 2023
actual
Sep 2024
actual
Sep 2025
actual
Sep 2026
2 Rev. Ana.
1 EPS Ana.
Sep 2027
2 Rev. Ana.
1 EPS Ana.
Sep 2028
1 Rev. Ana.
1 EPS Ana.
Sep 2029
1 Rev. Ana.
1 EPS Ana.
Sep 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
246.78M
est: 255.43M (-3.4%)
219.65M
est: 228.19M (-3.7%)
349.44M
est: 332.82M (+5.0%)
406.27M
est: 385.32M (+5.4%)
342.89M
est: 353.27M (-2.9%)
406.00M
est: 408.75M (-0.7%)
596.35M
est: 675.23M (-11.7%)
686.00M
est: 706.65M (-2.9%)
649.89M
est: 36.03M (+1,703.6%)
721.39M
est: 713.01M (+1.2%)
670.22M
est: 615.30M (+8.9%)
694.16M
631.26M – 741.42M
+12.8% YoY
743.80M
714.07M – 772.21M
+7.2% YoY
912.79M
854.08M – 960.76M
+22.7% YoY
1.08B
1.01B – 1.13B
+17.8% YoY
1.17B
1.09B – 1.23B
+8.4% YoY
EBITDA
29.80M
est: 73.86M (-59.7%)
43.95M
est: 65.98M (-33.4%)
115.61M
est: 96.24M (+20.1%)
105.03M
est: 111.42M (-5.7%)
47.20M
est: 102.15M (-53.8%)
110.63M
est: 118.19M (-6.4%)
200.53M
est: 195.25M (+2.7%)
232.10M
est: 204.33M (+13.6%)
160.68M
est: 10.42M (+1,442.2%)
173.84M
est: 206.17M (-15.7%)
189.64M
est: 177.92M (+6.6%)
200.72M
182.53M – 214.38M
+12.8% YoY
215.07M
206.48M – 223.29M
+7.2% YoY
263.94M
246.96M – 277.81M
+22.7% YoY
310.85M
290.86M – 327.19M
+17.8% YoY
336.99M
315.32M – 354.70M
+8.4% YoY
EBIT
21.49M
est: 56.46M (-61.9%)
33.78M
est: 50.44M (-33.0%)
98.68M
est: 73.57M (+34.1%)
75.17M
est: 85.18M (-11.7%)
19.97M
est: 78.09M (-74.4%)
82.68M
est: 90.36M (-8.5%)
167.92M
est: 149.26M (+12.5%)
195.30M
est: 156.21M (+25.0%)
121.44M
est: 7.97M (+1,424.6%)
119.89M
est: 157.62M (-23.9%)
124.63M
est: 136.02M (-8.4%)
153.45M
139.54M – 163.89M
+12.8% YoY
164.42M
157.85M – 170.70M
+7.2% YoY
201.78M
188.80M – 212.38M
+22.7% YoY
237.64M
222.36M – 250.13M
+17.8% YoY
257.63M
241.06M – 271.17M
+8.4% YoY
Net Income
4.62M
est: -7.47M (+161.9%)
13.81M
est: 22.62M (-38.9%)
57.60M
est: 65.47M (-12.0%)
48.43M
est: 53.25M (-9.0%)
8.38M
est: 22.24M (-62.3%)
43.30M
est: 45.96M (-5.8%)
100.47M
est: 131.64M (-23.7%)
153.88M
est: 135.63M (+13.5%)
82.24M
est: 3.61M (+2,175.1%)
82.90M
est: 85.10M (-2.6%)
79.13M
est: 50.24M (+57.5%)
95.84M
88.51M – 103.18M
+90.8% YoY
107.67M
99.43M – 115.91M
+12.3% YoY
119.82M
110.65M – 128.99M
+11.3% YoY
149.62M
137.11M – 159.85M
+24.9% YoY
148.10M
135.72M – 158.22M
-1.0% YoY
SGA
8.93M
est: 11.65M (-23.3%)
8.08M
est: 10.40M (-22.4%)
9.11M
est: 15.17M (-40.0%)
12.52M
est: 17.57M (-28.8%)
12.57M
est: 16.11M (-22.0%)
14.07M
est: 18.64M (-24.5%)
12.71M
est: 30.79M (-58.7%)
14.15M
est: 32.22M (-56.1%)
50.36M
est: 1.64M (+2,965.6%)
58.68M
est: 32.51M (+80.5%)
18.22M
est: 28.05M (-35.1%)
31.65M
28.78M – 33.80M
+12.8% YoY
33.91M
32.56M – 35.21M
+7.2% YoY
41.62M
38.94M – 43.80M
+22.7% YoY
49.01M
45.86M – 51.59M
+17.8% YoY
53.13M
49.72M – 55.93M
+8.4% YoY
EPS
0.02
est: -0.02 (+180.5%)
0.05
est: 0.08 (-33.6%)
0.22
est: 0.22 (+0.9%)
0.19
est: 0.18 (+7.2%)
0.03
est: 0.07 (-57.1%)
0.16
est: 0.15 (+4.6%)
0.37
est: 0.44 (-15.6%)
0.54
est: 0.45 (+19.6%)
0.27
est: 0.01 (+2,140.5%)
0.28
est: 0.29 (-1.9%)
0.26
est: 0.17 (+54.3%)
0.32
0.29 – 0.34
+90.8% YoY
0.36
0.33 – 0.39
+12.3% YoY
0.40
0.37 – 0.43
+11.3% YoY
0.50
0.46 – 0.53
+23.9% YoY
0.49
0.45 – 0.53
-1.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-05-28 C 2/5 5/5 1/5 1/5 2/5 1/5 1/5
2026-05-27 C 2/5 4/5 1/5 1/5 2/5 1/5 1/5
2026-05-26 C 2/5 4/5 1/5 1/5 2/5 1/5 1/5
2026-05-25 C 2/5 4/5 1/5 1/5 2/5 1/5 1/5
2026-05-22 A+ 5/5 5/5 4/5 5/5 3/5 3/5 5/5
2026-05-21 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-20 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-19 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-18 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-15 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-14 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-13 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-12 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-11 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-08 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-07 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-06 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-05 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-05-04 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-04-30 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-04-29 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-04-28 A+ 4/5 5/5 4/5 5/5 2/5 3/5 5/5
2026-04-24 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-23 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-22 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-21 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-20 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-17 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-16 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
37.00M
OE per share TTM
0.12
Owner's Yield
0.42%
Maintenance CapEx ratio
7.20%
Maint CapEx / Avg PPE
91.4%

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

This company is not held by any ETF in our universe.

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
51.5K
Shares Outstanding
294.18M

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

NameTitleCompensationGender
Loucas Christos Pouroulis Executive Chairman of the Board 16M male
Phoevos Pouroulis Chief Executive Officer & Director 13M male
Michael Gifford Jones Chief Financial Officer & Director 10M male
Michelle Louise Taylor Chief Operating Officer female
Raymond Charles Lewis Kantor Executive Legal Counsel & Executive of Legal Affairs male
Sanet Findlay Company Secretary female
Hans van Wyk Group Chief Technology Officer male
Suren Singh Group Head of Internal Audit male
Ilja Graulich Head of Investor Relations & Communications male
Lucien Matthews Managing Director of Special Projects male
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

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits