profit from every £100 of sales.
£0£100
South32
£2.28-2.23% today
+46.2% in 1 year
1-year low £1.491-year high £2.78
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay £63.18 for every £1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What South32 sold, what it kept, and what it did with the cash.
Sales went from $9.27 billion in 2022 to $5.78 billion in 2025, with $213 million of profit last year.
SalesProfit
South32 handed back more cash to shareholders than it generated last year.
$294M
Free cash flow 2025$332M
Bought back its own shares$56M
Paid as dividends$294M
Cash vs. debt$1.7B vs. $1.6B
South32 vs. similar companies
South32 grows the slowest of these 5 and is priced in the middle for its profits.
| Company | Profit from £100 of sales | Sales growth a year | Price per £1 of profit |
|---|---|---|---|
| South32 | 63.2× · Very expensive | ||
 BHP Group | 22.4× · Fair price | ||
 Rio Tinto Group | 13.6× · Cheap | ||
 Grupo México, S.A.B. de C.V. | 18.8× · Fair price | ||
 Glencore | 217.5× · Very expensive |
AI analysis
An AI analyst reads South32's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 9,269 | 5,646 | 4,923 | 5,780 | |
| 5,456 | 1,941 | 1,659 | 2,521 | |
| 3,544 | 597 | 126 | 943 | |
| 4,469 | 416 | 352 | 1,337 | |
| 2,669 | -173 | -203 | 213 | |
| 0.57 | -0.04 | -0.05 | 0.05 | |
| 58.9% | 34.4% | 33.7% | 43.6% | |
| 38.2% | 10.6% | 2.6% | 16.3% | |
| 28.8% | -3.1% | -4.1% | 3.7% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 16,336 | 14,564 | 14,245 | 13,727 |
| Cash | 2,361 | 1,252 | 840 | 1,676 |
| Total debt | 1,827 | 1,741 | 1,566 | 1,634 |
| Total liabilities | 5,557 | 5,189 | 5,274 | 4,870 |
| 10,780 | 9,376 | 8,960 | 8,845 | |
| 4,679 | 4,572 | 4,519 | 4,524 | |
| 22.9% | -1.6% | -2.1% | 5.9% | |
| 24.8% | -1.8% | -2.3% | 2.4% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 3,070 | 1,191 | 1,119 | 1,335 | |
| 596 | 953 | 1,121 | 1,003 | |
| 2,474 | 238 | -2 | 332 | |
| Dividends paid | 660 | 1,007 | 163 | 294 |
| 128 | 218 | 35 | 56 | |
| 23 | 24 | 22 | 20 |
Valuation
- 63.2×
- –
- –
- 1.2×
- 2.3×
- 40.5×
- 10.0×
- 2.5%
- 1.6%
- 2.2%
Profitability
- 43.6%
- 16.3%
- 3.7%
- –
- 5.9%
- 6.3%
- –
- –
- –
- –
Growth
- −14.6%
- −56.5%
- –
- –
- −1.1%
Financial health
- -0.0×
- 0.18
- –
- 4.0×
- 2.43
- –
- –
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 48%of 992
Top 30%of 961
Bottom 13%of 789
Bottom 6%of 956
Top 47%of 991
2.2%of the share price, paid each year
On $1,000 invested$22a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
138.0% of its profit
Room to growStretchedMore than it earns: 88.6%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
42No pass
Benjamin Graham
44No pass
Philip Fisher
30No pass
Peter Lynch
20No pass
Joel Greenblatt
25No pass
Charlie Munger
39No pass
Terry Smith
38No pass
Questions about South32
Is South32 a good stock to buy?
A business with weak numbers, priced as if everything goes right. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the South32 AI analysis
What does South32 do?
South32 Limited operates as a diversified metals and mining company. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Australia Manganese, and South Africa Manganese segments. It is in Other Industrial Metals & Mining, based in Perth, WA, Australia, with 8,892 employees.
Does South32 pay a dividend?
Yes. At today's price the dividend is 2.2% a year, about 138% of its yearly profit. In 2025 it paid out £294 million in dividends.
Is South32 stock halal?
Yes. South32 passes our halal screen: its business is permitted and its debt is 12% of its market value, under the 30% limit. How we check
How has South32 stock done over the past year?
Up 46.2% over the past twelve months, to £2.28. It traded between £1.49 and £2.78 and is 18.1% below its high.
Who are South32's competitors?
The largest listed companies in the same industry are BHP Group, Rio Tinto Group, Grupo México, S.A.B. de C.V. and Glencore. The peers table on this page compares their profit, growth and price with South32's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.