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Tharisa plc (THS.L)

GBp113.50 -0.50 (-0.44%)
CY LSE Basic Materials Other Precious Metals
Address Sofoklis Pittokopitis Business Centre 8011
Paphos, CY
CEO Phoevos Pouroulis
IPO 2016-06-08
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 entity founded in 2008 and based in Paphos, Cyprus, specializes in the comprehensive value chain of platinum group metals (PGMs) and chrome concentrates. Its activities encompass the mining, processing, beneficiation, marketing, global sales, and logistical management of these resources. The company's reach extends across various international markets, including China, South Africa, Singapore, Hong Kong, the United Arab Emirates, Australia, and Japan. Its diverse PGM portfolio comprises platinum, palladium, ruthenium, rhodium, iridium, nickel, copper, and gold. A primary operational asset is the Tharisa mine, situated on the south-western limb of South Africa's Bushveld Complex. Tharisa also supplies chemical, foundry, and metallurgical grade chrome concentrates, catering to stainless steel and ferrochrome manufacturers, as well as commodity traders. Furthermore, the company is involved in the production of mining machinery. Its operations are organized into four distinct divisions: PGM, Chrome, Agency and Trading, and Manufacturing.

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
GBp113.50 -0.50 (-0.44%)
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Volume Profile
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Liquidity & share structure
Average Volume
243.3K
Beta
0.68
Float Shares
102.70M
Free Float %
34.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.77% -0.39% +15.18% +3.20% +37.23% +9.32% +86.96% +41.76% -10.73% +230.77% +230.77%
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
113.50
DCF (Unlevered) 326.31 +187.5%
DCF (Levered) 203.99 +79.7%

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) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 0 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: -4.6% (vs Q1'24)
  • EPS growth Other Precious Metals: +50.2%
    -3.7% Q1'26: +23.1% (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: +22.9% (vs Q1'24)
  • Share dilution Other Precious Metals: -3.0%
    -3.5% Q1'26: -2.0% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Other Precious Metals: 0.37×
    0.56× Q1'26: 0.32× (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): 326.31 Current price: 113.50
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
3 Rev. Ana.
2 EPS Ana.
Sep 2027
3 Rev. Ana.
3 EPS Ana.
Sep 2028
1 Rev. Ana.
1 EPS Ana.
Sep 2029
1 Rev. Ana.
1 EPS Ana.
Sep 2030
2 Rev. Ana.
1 EPS Ana.
Revenue
246.78M
est: 169.60M (+45.5%)
219.65M
est: 175.98M (+24.8%)
349.44M
est: 249.89M (+39.8%)
406.27M
est: 297.65M (+36.5%)
342.89M
est: 288.56M (+18.8%)
406.00M
est: 316.99M (+28.1%)
596.35M
est: 502.03M (+18.8%)
686.00M
est: 627.75M (+9.3%)
649.89M
est: 547.00M (+18.8%)
721.39M
est: 703.59M (+2.5%)
670.22M
est: 610.24M (+9.8%)
731.49M
665.21M – 781.29M
+19.9% YoY
783.80M
752.47M – 813.74M
+7.2% YoY
961.87M
900.01M – 1.01B
+22.7% YoY
1.13B
1.06B – 1.19B
+17.8% YoY
1.23B
1.15B – 1.29B
+8.4% YoY
EBITDA
31.74M
est: 49.53M (-35.9%)
43.95M
est: 8.57M (+413.1%)
115.61M
est: 30.21M (+282.7%)
105.03M
est: 108.68M (-3.4%)
47.20M
est: 73.78M (-36.0%)
110.63M
est: 32.01M (+245.6%)
200.53M
est: 39.04M (+413.6%)
232.10M
est: 42.07M (+451.7%)
160.68M
est: 49.76M (+222.9%)
184.28M
est: 204.17M (-9.7%)
189.64M
est: 178.22M (+6.4%)
213.63M
194.28M – 228.18M
+19.9% YoY
228.91M
219.76M – 237.65M
+7.2% YoY
280.92M
262.85M – 295.68M
+22.7% YoY
330.85M
309.57M – 348.24M
+17.8% YoY
358.67M
335.60M – 377.52M
+8.4% YoY
EBIT
21.49M
est: 37.95M (-43.4%)
33.78M
est: 16.09M (+110.0%)
98.68M
est: 47.60M (+107.3%)
75.17M
est: 111.45M (-32.5%)
19.97M
est: 62.61M (-68.1%)
82.68M
est: 27.00M (+206.3%)
167.92M
est: 32.92M (+410.0%)
195.30M
est: 35.48M (+450.4%)
121.44M
est: 41.96M (+189.4%)
129.56M
est: 156.41M (-17.2%)
124.63M
est: 136.53M (-8.7%)
163.66M
148.83M – 174.80M
+19.9% YoY
175.37M
168.36M – 182.06M
+7.2% YoY
215.21M
201.37M – 226.52M
+22.7% YoY
253.46M
237.16M – 266.78M
+17.8% YoY
274.77M
257.10M – 289.21M
+8.4% YoY
Net Income
4.62M
est: -7.51M (+161.6%)
13.81M
est: 4.05M (+240.8%)
57.60M
est: 20.45M (+181.7%)
48.43M
est: 66.93M (-27.6%)
8.38M
est: 41.80M (-80.0%)
43.30M
est: 11.84M (+265.8%)
100.47M
est: 14.44M (+596.0%)
153.88M
est: 15.56M (+889.2%)
82.24M
est: 18.40M (+347.0%)
82.90M
est: 83.70M (-1.0%)
79.13M
est: 50.21M (+57.6%)
101.77M
92.52M – 111.03M
+102.7% YoY
114.33M
87.38M – 127.92M
+12.3% YoY
127.24M
116.60M – 135.93M
+11.3% YoY
157.67M
144.49M – 168.44M
+23.9% YoY
156.07M
143.02M – 166.73M
-1.0% YoY
SGA
8.93M
est: 5.89M (+51.5%)
8.08M
est: 21.71M (-62.8%)
9.11M
est: 32.39M (-71.9%)
12.52M
est: 30.51M (-59.0%)
12.57M
est: 32.86M (-61.8%)
14.07M
est: 40.19M (-65.0%)
12.71M
est: 49.02M (-74.1%)
14.15M
est: 52.83M (-73.2%)
50.36M
est: 62.48M (-19.4%)
19.55M
est: 74.90M (-73.9%)
18.22M
est: 21.20M (-14.1%)
25.41M
23.11M – 27.14M
+19.9% YoY
27.23M
26.14M – 28.27M
+7.2% YoY
33.42M
31.27M – 35.17M
+22.7% YoY
39.36M
36.83M – 41.43M
+17.8% YoY
42.67M
39.92M – 44.91M
+8.4% YoY
EPS
0.02
est: -0.02 (+180.0%)
0.05
est: 0.08 (-33.6%)
0.22
est: 0.22 (+0.3%)
0.19
est: 0.18 (+5.9%)
0.03
est: 0.07 (-57.3%)
0.16
est: 0.15 (+4.5%)
0.37
est: 0.44 (-15.9%)
0.54
est: 0.44 (+21.7%)
0.27
est: 0.30 (-10.8%)
0.27
est: 0.28 (-4.2%)
0.26
est: 0.17 (+55.5%)
0.34
0.31 – 0.37
+102.7% YoY
0.38
0.29 – 0.43
+12.3% YoY
0.42
0.39 – 0.45
+11.3% YoY
0.52
0.48 – 0.56
+23.9% YoY
0.52
0.48 – 0.56
-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
2026-05-22 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
2026-05-01 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
2026-04-27 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
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
37.03M
OE per share TTM
0.12
Owner's Yield
9.27%
Maintenance CapEx ratio
7.96%
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 731.2K male
Phoevos Pouroulis Chief Executive Officer & Director 575.5K male
Michael Gifford Jones Chief Financial Officer & Director 437.6K 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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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.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits