Added to YB: 2025-03-26
Pitch date: 2025-02-07
THS.L [bullish]
Tharisa plc
+128.9%
current return
Author Info
No bio for this author
Company Info
Tharisa plc, an investment holding company, engages in the mining, processing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United Arab Emirates, and internationally.
Market Cap
ZAR 484.7M
Pitch Price
ZAR 0.56
Price Target
N/A
Dividend
1.83%
EV/EBITDA
2.45
P/E
6.29
EV/Sales
N/A
Sector
Metals and Mining
Category
value
Tharisa plc - $THS.L
THS.L: Low-cost chrome/PGM producer, open-pit mine, 10+ year life. Trades at 0.5x EV/EBITDA, 1.3x P/E. Karo project (Zimbabwe) underway, $180M capex remaining. Financing concerns overblown; options include phased construction, cash flow, gold stream royalty. Catalysts: PGM prices, Karo financing/production. Risks: PGM price drop, capex overrun.
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