25 XP   0   0   10

South32 Ltd
Buy, Hold or Sell?

Let's analyse South32 together

PenkeI guess you are interested in South32 Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of South32 Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

Get notifications about South32 Ltd

I send you an email if I find something interesting about South32 Ltd.

Quick analysis of South32 (30 sec.)










What can you expect buying and holding a share of South32? (30 sec.)

How much money do you get?

How much money do you get?
A$0.56
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
A$3.07
Expected worth in 1 year
A$1.23
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
A$-0.98
Return On Investment
-32.4%

For what price can you sell your share?

Current Price per Share
A$3.02
Expected price per share
A$2.75 - A$3.4
How sure are you?
50%
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

1. Valuation of South32 (5 min.)




Live pricePrice per Share (EOD)

A$3.02

Intrinsic Value Per Share

A$0.14 - A$2.24

Total Value Per Share

A$3.21 - A$5.31

2. Growth of South32 (5 min.)




Is South32 growing?

Current yearPrevious yearGrowGrow %
How rich?$9.3b$10.7b-$1.4b-15.0%

How much money is South32 making?

Current yearPrevious yearGrowGrow %
Making money-$112.8m$1.7b-$1.8b-1,642.8%
Net Profit Margin-2.3%28.8%--

How much money comes from the company's main activities?

3. Financial Health of South32 (5 min.)




4. Comparing to competitors in the Other Industrial Metals & Mining industry (5 min.)




  Industry Rankings (Other Industrial Metals & Mining)  


Richest
#11 / 909

Most Revenue
#16 / 909

Most Profit
#907 / 909

Most Efficient
#598 / 909
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

What can you expect buying and holding a share of South32? (5 min.)

Welcome investor! South32's management wants to use your money to grow the business. In return you get a share of South32.

What can you expect buying and holding a share of South32?

First you should know what it really means to hold a share of South32. And how you can make/lose money.

Speculation

The Price per Share of South32 is A$3.02. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of South32.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in South32, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$3.07. Based on the TTM, the Book Value Change Per Share is A$-0.46 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.65 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.22 per quarter.
Based on historical numbers we can estimate the returns while holding a share of South32.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps-0.02-0.8%-0.02-0.8%0.3712.3%0.072.4%0.041.2%
Usd Book Value Change Per Share-0.30-9.9%-0.30-9.9%0.4314.1%-0.01-0.3%0.010.3%
Usd Dividend Per Share0.144.7%0.144.7%0.093.0%0.072.4%0.062.0%
Usd Total Gains Per Share-0.16-5.3%-0.16-5.3%0.5217.2%0.072.2%0.072.4%
Usd Price Per Share2.45-2.45-2.57-2.07-1.66-
Price to Earnings Ratio-101.69--101.69-6.91--55.71--26.65-
Price-to-Total Gains Ratio-15.37--15.37-4.95--60.96--31.51-
Price to Book Ratio1.22-1.22-1.12-1.02-0.82-
Price-to-Total Gains Ratio-15.37--15.37-4.95--60.96--31.51-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.970852
Number of shares507
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.140.07
Usd Book Value Change Per Share-0.30-0.01
Usd Total Gains Per Share-0.160.07
Gains per Quarter (507 shares)-80.9333.08
Gains per Year (507 shares)-323.72132.33
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1285-609-334148-16122
2570-1217-658296-31254
3855-1826-982444-47386
41139-2434-1306592-62518
51424-3043-1630740-78650
61709-3651-1954888-94782
71994-4260-22781036-109914
82279-4868-26021184-1251046
92564-5477-29261331-1401178
102848-6086-32501479-1561310

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%5.05.00.050.0%6.06.00.050.0%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%1.04.00.020.0%4.06.00.040.0%5.07.00.041.7%
Dividend per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%12.00.00.0100.0%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%6.04.00.060.0%7.05.00.058.3%
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

Fundamentals of South32

About South32 Ltd

South32 Limited operates as a diversified metals and mining company in Australia, India, China, Japan, the Middle East, Mozambique, the Netherlands, Brazil, Russia, South Africa, South Korea, the United States, and internationally. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals. The company also exports its products. South32 Limited was incorporated in 2000 and is headquartered in Perth, Australia.

Fundamental data was last updated by Penke on 2024-02-20 01:34:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is overpriced.
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

1.1. Profitability of South32 Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit South32 earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare South32 to the Other Industrial Metals & Mining industry mean.
  • A Net Profit Margin of -2.3% means that $-0.02 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of South32 Ltd:

  • The MRQ is -2.3%. The company is making a loss. -1
  • The TTM is -2.3%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-2.3%TTM-2.3%0.0%
TTM-2.3%YOY28.8%-31.1%
TTM-2.3%5Y6.7%-9.0%
5Y6.7%10Y1.8%+4.9%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.3%-49.2%+46.9%
TTM-2.3%-46.8%+44.5%
YOY28.8%-49.2%+78.0%
5Y6.7%-250.7%+257.4%
10Y1.8%-763.1%+764.9%
1.1.2. Return on Assets

Shows how efficient South32 is using its assets to generate profit.

  • Above 5% is considered healthy but always compare South32 to the Other Industrial Metals & Mining industry mean.
  • -0.8% Return on Assets means that South32 generated $-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of South32 Ltd:

  • The MRQ is -0.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.8%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-0.8%TTM-0.8%0.0%
TTM-0.8%YOY10.7%-11.4%
TTM-0.8%5Y2.4%-3.2%
5Y2.4%10Y1.2%+1.2%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.8%-7.4%+6.6%
TTM-0.8%-7.8%+7.0%
YOY10.7%-6.8%+17.5%
5Y2.4%-10.4%+12.8%
10Y1.2%-14.6%+15.8%
1.1.3. Return on Equity

Shows how efficient South32 is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare South32 to the Other Industrial Metals & Mining industry mean.
  • -1.2% Return on Equity means South32 generated $-0.01 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of South32 Ltd:

  • The MRQ is -1.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -1.2%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-1.2%TTM-1.2%0.0%
TTM-1.2%YOY16.2%-17.4%
TTM-1.2%5Y3.6%-4.8%
5Y3.6%10Y1.8%+1.8%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.2%-7.9%+6.7%
TTM-1.2%-8.4%+7.2%
YOY16.2%-7.1%+23.3%
5Y3.6%-11.0%+14.6%
10Y1.8%-15.4%+17.2%
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

1.2. Operating Efficiency of South32 Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient South32 is operating .

  • Measures how much profit South32 makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare South32 to the Other Industrial Metals & Mining industry mean.
  • An Operating Margin of 5.8% means the company generated $0.06  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of South32 Ltd:

  • The MRQ is 5.8%. The company is operating less efficient.
  • The TTM is 5.8%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ5.8%TTM5.8%0.0%
TTM5.8%YOY40.2%-34.4%
TTM5.8%5Y13.2%-7.5%
5Y13.2%10Y8.8%+4.4%
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ5.8%-328.0%+333.8%
TTM5.8%-55.2%+61.0%
YOY40.2%-46.6%+86.8%
5Y13.2%-263.5%+276.7%
10Y8.8%-621.2%+630.0%
1.2.2. Operating Ratio

Measures how efficient South32 is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • An Operation Ratio of -0.47 means that the operating costs are $-0.47 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of South32 Ltd:

  • The MRQ is -0.474.
  • The TTM is -0.474.
Trends
Current periodCompared to+/- 
MRQ-0.474TTM-0.4740.000
TTM-0.474YOY0.637-1.112
TTM-0.4745Y0.697-1.171
5Y0.69710Y0.848-0.151
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.4741.960-2.434
TTM-0.4741.919-2.393
YOY0.6372.250-1.613
5Y0.6974.385-3.688
10Y0.8488.847-7.999
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

1.3. Liquidity of South32 Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if South32 is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A Current Ratio of 2.08 means the company has $2.08 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of South32 Ltd:

  • The MRQ is 2.076. The company is able to pay all its short-term debts. +1
  • The TTM is 2.076. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ2.076TTM2.0760.000
TTM2.076YOY2.235-0.159
TTM2.0765Y2.084-0.008
5Y2.08410Y2.179-0.095
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ2.0762.440-0.364
TTM2.0762.640-0.564
YOY2.2353.635-1.400
5Y2.0844.122-2.038
10Y2.1794.677-2.498
1.3.2. Quick Ratio

Measures if South32 is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare South32 to the Other Industrial Metals & Mining industry mean.
  • A Quick Ratio of 1.34 means the company can pay off $1.34 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of South32 Ltd:

  • The MRQ is 1.341. The company is able to pay all its short-term debts with the most liquid assets. +1
  • The TTM is 1.341. The company is able to pay all its short-term debts with the most liquid assets. +1
Trends
Current periodCompared to+/- 
MRQ1.341TTM1.3410.000
TTM1.341YOY1.695-0.354
TTM1.3415Y1.505-0.164
5Y1.50510Y1.539-0.034
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3410.904+0.437
TTM1.3410.850+0.491
YOY1.6951.035+0.660
5Y1.5051.306+0.199
10Y1.5391.475+0.064
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

1.4. Solvency of South32 Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of South32 assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare South32 to Other Industrial Metals & Mining industry mean.
  • A Debt to Asset Ratio of 0.36 means that South32 assets are financed with 35.6% credit (debt) and the remaining percentage (100% - 35.6%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of South32 Ltd:

  • The MRQ is 0.356. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.356. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.356TTM0.3560.000
TTM0.356YOY0.340+0.016
TTM0.3565Y0.327+0.030
5Y0.32710Y0.332-0.005
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3560.180+0.176
TTM0.3560.184+0.172
YOY0.3400.150+0.190
5Y0.3270.208+0.119
10Y0.3320.248+0.084
1.4.2. Debt to Equity Ratio

Measures if South32 is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare South32 to the Other Industrial Metals & Mining industry mean.
  • A Debt to Equity ratio of 55.3% means that company has $0.55 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of South32 Ltd:

  • The MRQ is 0.553. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.553. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.553TTM0.5530.000
TTM0.553YOY0.515+0.038
TTM0.5535Y0.486+0.067
5Y0.48610Y0.521-0.035
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5530.174+0.379
TTM0.5530.190+0.363
YOY0.5150.150+0.365
5Y0.4860.223+0.263
10Y0.5210.246+0.275
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

2. Market Valuation of South32 Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings South32 generates.

  • Above 15 is considered overpriced but always compare South32 to the Other Industrial Metals & Mining industry mean.
  • A PE ratio of -101.69 means the investor is paying $-101.69 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of South32 Ltd:

  • The EOD is -81.680. Based on the earnings, the company is expensive. -2
  • The MRQ is -101.694. Based on the earnings, the company is expensive. -2
  • The TTM is -101.694. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-81.680MRQ-101.694+20.014
MRQ-101.694TTM-101.6940.000
TTM-101.694YOY6.907-108.601
TTM-101.6945Y-55.708-45.985
5Y-55.70810Y-26.653-29.055
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD-81.680-3.794-77.886
MRQ-101.694-5.368-96.326
TTM-101.694-5.817-95.877
YOY6.907-8.498+15.405
5Y-55.708-10.643-45.065
10Y-26.653-11.360-15.293
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of South32 Ltd:

  • The EOD is 47.578. Based on how much money comes from the company's main activities, the company is fair priced.
  • The MRQ is 59.236. Based on how much money comes from the company's main activities, the company is overpriced. -1
  • The TTM is 59.236. Based on how much money comes from the company's main activities, the company is overpriced. -1
Trends
Current periodCompared to+/- 
EOD47.578MRQ59.236-11.658
MRQ59.236TTM59.2360.000
TTM59.236YOY7.452+51.784
TTM59.2365Y23.220+36.016
5Y23.22010Y19.160+4.060
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD47.578-4.394+51.972
MRQ59.236-5.909+65.145
TTM59.236-6.777+66.013
YOY7.452-8.915+16.367
5Y23.220-13.239+36.459
10Y19.160-14.464+33.624
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of South32 is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Other Industrial Metals & Mining industry mean).
  • A PB ratio of 1.22 means the investor is paying $1.22 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of South32 Ltd:

  • The EOD is 0.984. Based on the equity, the company is cheap. +2
  • The MRQ is 1.225. Based on the equity, the company is underpriced. +1
  • The TTM is 1.225. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.984MRQ1.225-0.241
MRQ1.225TTM1.2250.000
TTM1.225YOY1.116+0.109
TTM1.2255Y1.017+0.207
5Y1.01710Y0.821+0.197
Compared to industry (Other Industrial Metals & Mining)
PeriodCompanyIndustry (mean)+/- 
EOD0.9841.142-0.158
MRQ1.2251.552-0.327
TTM1.2251.594-0.369
YOY1.1162.276-1.160
5Y1.0172.412-1.395
10Y0.8212.929-2.108
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of South32 Ltd.

3.1. Institutions holding South32 Ltd

Institutions are holding 38.618% of the shares of South32 Ltd.

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2021-03-31Hexavest Inc.0.05?2377178
Total 0.050237717800.0%

3.2. Funds holding South32 Ltd

DateNameTotal SharesTotal AssetsCurrent SharesChange%
2020-10-31Vanguard International Stock Index-Total Intl Stock Indx1.5800001-74688487--
2021-01-31Price (T.Rowe) International Value Equity Fund1.1-52027911--
2020-12-31Price (T.Rowe) International Value Equity Trust0.70999996-33524045--
2020-12-31Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund0.64999997-30991405--
2021-01-31Price (T.Rowe) Overseas Stock Fund0.64-30352137--
2021-02-28iShares Core MSCI EAFE ETF0.47-22343552--
2021-02-28iShares MSCI Eafe ETF0.34-16038216--
2021-01-31DFA International Value Series0.3-14104027--
2020-12-31Price (T.Rowe) International Core Equity Trust0.26-12209704--
2021-02-28SEI Institutional Investment Tr-World Equity Ex-U.S. Fd0.22-10255407--
Total 6.27000003029653489100.0%
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of South32 Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.460-0.4600%0.654-170%-0.012-97%0.016-3019%
Book Value Per Share--3.0703.0700%3.530-13%3.102-1%3.0820%
Current Ratio--2.0762.0760%2.235-7%2.0840%2.179-5%
Debt To Asset Ratio--0.3560.3560%0.340+5%0.327+9%0.332+7%
Debt To Equity Ratio--0.5530.5530%0.515+7%0.486+14%0.521+6%
Dividend Per Share--0.2150.2150%0.141+53%0.112+93%0.093+130%
Eps---0.037-0.0370%0.570-106%0.111-133%0.054-168%
Free Cash Flow Per Share--0.0630.0630%0.529-88%0.218-71%0.200-68%
Free Cash Flow To Equity Per Share---0.234-0.2340%0.483-148%0.064-467%0.403-158%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--2.236--------
Intrinsic Value_10Y_min--0.138--------
Intrinsic Value_1Y_max--0.248--------
Intrinsic Value_1Y_min--0.155--------
Intrinsic Value_3Y_max--0.728--------
Intrinsic Value_3Y_min--0.346--------
Intrinsic Value_5Y_max--1.184--------
Intrinsic Value_5Y_min--0.405--------
Market Cap13678365296.640-29%17593040000.00017593040000.0000%18435260000.000-5%15257613789.708+15%12594133921.548+40%
Net Profit Margin---0.023-0.0230%0.288-108%0.067-135%0.018-227%
Operating Margin--0.0580.0580%0.402-86%0.132-56%0.088-35%
Operating Ratio---0.474-0.4740%0.637-174%0.697-168%0.848-156%
Pb Ratio0.984-25%1.2251.2250%1.116+10%1.017+20%0.821+49%
Pe Ratio-81.680+20%-101.694-101.6940%6.907-1572%-55.708-45%-26.653-74%
Price Per Share3.020-25%3.7603.7600%3.940-5%3.170+19%2.547+48%
Price To Free Cash Flow Ratio47.578-25%59.23659.2360%7.452+695%23.220+155%19.160+209%
Price To Total Gains Ratio-12.347+20%-15.372-15.3720%4.954-410%-60.964+297%-31.508+105%
Quick Ratio--1.3411.3410%1.695-21%1.505-11%1.539-13%
Return On Assets---0.008-0.0080%0.107-107%0.024-132%0.012-166%
Return On Equity---0.012-0.0120%0.162-107%0.036-133%0.018-166%
Total Gains Per Share---0.245-0.2450%0.795-131%0.100-345%0.109-324%
Usd Book Value--9375414750.0009375414750.0000%10779476862.960-13%9768032118.624-4%10006342661.016-6%
Usd Book Value Change Per Share---0.300-0.3000%0.427-170%-0.008-97%0.010-3019%
Usd Book Value Per Share--2.0042.0040%2.304-13%2.024-1%2.0120%
Usd Dividend Per Share--0.1400.1400%0.092+53%0.073+93%0.061+130%
Usd Eps---0.024-0.0240%0.372-106%0.072-133%0.035-168%
Usd Free Cash Flow--193822200.000193822200.0000%1614532400.000-88%683663760.000-72%656515600.000-70%
Usd Free Cash Flow Per Share--0.0410.0410%0.345-88%0.142-71%0.131-68%
Usd Free Cash Flow To Equity Per Share---0.153-0.1530%0.315-148%0.042-467%0.263-158%
Usd Market Cap8926501192.587-29%11481217904.00011481217904.0000%12030850676.000-5%9957118759.163+15%8218931797.202+40%
Usd Price Per Share1.971-25%2.4542.4540%2.571-5%2.069+19%1.662+48%
Usd Profit---112899800.000-112899800.0000%1741789400.000-106%386991800.000-129%202110220.000-156%
Usd Revenue--4848165400.0004848165400.0000%6048949400.000-20%4636461960.000+5%4439050460.000+9%
Usd Total Gains Per Share---0.160-0.1600%0.519-131%0.065-345%0.071-324%
 EOD+4 -4MRQTTM+0 -0YOY+5 -305Y+9 -2610Y+9 -26

4.2. Fundamental Score

Let's check the fundamental score of South32 Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-81.680
Price to Book Ratio (EOD)Between0-10.984
Net Profit Margin (MRQ)Greater than0-0.023
Operating Margin (MRQ)Greater than00.058
Quick Ratio (MRQ)Greater than11.341
Current Ratio (MRQ)Greater than12.076
Debt to Asset Ratio (MRQ)Less than10.356
Debt to Equity Ratio (MRQ)Less than10.553
Return on Equity (MRQ)Greater than0.15-0.012
Return on Assets (MRQ)Greater than0.05-0.008
Total6/10 (60.0%)

4.3. Technical Score

Let's check the technical score of South32 Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.895
Ma 20Greater thanMa 502.994
Ma 50Greater thanMa 1003.195
Ma 100Greater thanMa 2003.212
OpenGreater thanClose3.000
Total0/5 (0.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-06-302020-06-302021-06-302022-06-302023-06-30
Net Debt  -772,330315,674-456,655-165,499-622,154-202,277-824,4311,564,580740,149
Other Operating Expenses  6,854,000-822,0006,032,000-1,275,0004,757,0001,151,0005,908,000-13,385,000-7,477,000
Net Interest Income  -115,000-20,000-135,00026,000-109,00038,000-71,00078,0007,000
Total Operating Expenses  6,854,000-4,338,0002,516,000-502,0002,014,000376,0002,390,000-9,867,000-7,477,000
Total Other Income Expense Net -84,000-55,000-139,000-22,000-161,000130,000-31,00046,00015,000



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in USD. All numbers in thousands.

Summary
Total Assets14,564,000
Total Liabilities5,189,000
Total Stockholder Equity9,376,000
 As reported
Total Liabilities 5,189,000
Total Stockholder Equity+ 9,376,000
Total Assets = 14,564,000

Assets

Total Assets14,564,000
Total Current Assets3,239,000
Long-term Assets11,325,000
Total Current Assets
Cash And Cash Equivalents 1,258,000
Short-term Investments 1,000
Net Receivables 832,000
Inventory 1,102,000
Other Current Assets 46,000
Total Current Assets  (as reported)3,239,000
Total Current Assets  (calculated)3,239,000
+/-0
Long-term Assets
Property Plant Equipment 8,050,000
Goodwill 139,000
Intangible Assets 103,000
Long-term Assets Other 2,027,000
Long-term Assets  (as reported)11,325,000
Long-term Assets  (calculated)10,319,000
+/- 1,006,000

Liabilities & Shareholders' Equity

Total Current Liabilities1,560,000
Long-term Liabilities3,629,000
Total Stockholder Equity9,376,000
Total Current Liabilities
Short-term Debt 365,000
Short Long Term Debt 314,000
Accounts payable 985,000
Other Current Liabilities 210,000
Total Current Liabilities  (as reported)1,560,000
Total Current Liabilities  (calculated)1,874,000
+/- 314,000
Long-term Liabilities
Long term Debt Total 1,376,000
Other Liabilities 2,253,000
Long-term Liabilities  (as reported)3,629,000
Long-term Liabilities  (calculated)3,629,000
+/-0
Total Stockholder Equity
Common Stock13,251,000
Retained Earnings -271,000
Other Stockholders Equity -3,604,000
Total Stockholder Equity (as reported)9,376,000
Total Stockholder Equity (calculated)9,376,000
+/-0
Other
Capital Stock13,251,000
Cash And Equivalents647,000
Cash and Short Term Investments 1,259,000
Common Stock Shares Outstanding 4,679,000
Liabilities and Stockholders Equity 14,564,000
Net Debt 483,000
Net Invested Capital 9,376,000
Net Tangible Assets 9,134,000
Net Working Capital 1,679,000
Property Plant and Equipment Gross 22,865,000
Short Long Term Debt Total 1,741,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-30
> Total Assets 
24,012,000
19,543,000
19,690,000
15,489,000
13,374,000
14,733,000
15,133,000
14,715,000
13,737,000
13,242,000
16,336,000
14,564,000
14,564,00016,336,00013,242,00013,737,00014,715,00015,133,00014,733,00013,374,00015,489,00019,690,00019,543,00024,012,000
   > Total Current Assets 
7,544,000
5,236,000
5,002,000
2,868,000
2,701,000
4,332,000
4,821,000
3,401,000
2,663,000
2,922,000
4,240,000
3,239,000
3,239,0004,240,0002,922,0002,663,0003,401,0004,821,0004,332,0002,701,0002,868,0005,002,0005,236,0007,544,000
       Cash And Cash Equivalents 
305,000
309,000
325,000
644,000
1,212,000
2,660,000
2,952,000
1,408,000
1,315,000
1,613,000
2,365,000
1,258,000
1,258,0002,365,0001,613,0001,315,0001,408,0002,952,0002,660,0001,212,000644,000325,000309,000305,000
       Short-term Investments 
73,000
65,000
13,000
14,000
32,000
30,000
3,000
108,000
19,000
15,000
1,000
1,000
1,0001,00015,00019,000108,0003,00030,00032,00014,00013,00065,00073,000
       Net Receivables 
5,372,000
3,250,000
3,174,000
554,000
410,000
745,000
834,000
895,000
558,000
540,000
848,000
832,000
832,000848,000540,000558,000895,000834,000745,000410,000554,0003,174,0003,250,0005,372,000
       Inventory 
1,723,000
1,550,000
1,427,000
953,000
747,000
781,000
886,000
952,000
735,000
716,000
982,000
1,102,000
1,102,000982,000716,000735,000952,000886,000781,000747,000953,0001,427,0001,550,0001,723,000
   > Long-term Assets 
16,468,000
14,307,000
14,688,000
12,621,000
10,673,000
10,401,000
10,312,000
11,314,000
11,074,000
10,320,000
12,096,000
11,325,000
11,325,00012,096,00010,320,00011,074,00011,314,00010,312,00010,401,00010,673,00012,621,00014,688,00014,307,00016,468,000
       Property Plant Equipment 
14,462,000
12,101,000
12,616,000
9,550,000
8,651,000
8,373,000
8,196,000
9,596,000
9,680,000
8,938,000
8,988,000
8,050,000
8,050,0008,988,0008,938,0009,680,0009,596,0008,196,0008,373,0008,651,0009,550,00012,616,00012,101,00014,462,000
       Goodwill 
267,000
267,000
219,000
145,000
139,000
139,000
139,000
139,000
139,000
139,000
139,000
139,000
139,000139,000139,000139,000139,000139,000139,000139,000145,000219,000267,000267,000
       Long Term Investments 
0
0
0
2,067,000
829,000
905,000
1,236,000
953,000
0
0
0
0
0000953,0001,236,000905,000829,0002,067,000000
       Intangible Assets 
59,000
76,000
72,000
161,000
149,000
113,000
82,000
94,000
109,000
50,000
47,000
103,000
103,00047,00050,000109,00094,00082,000113,000149,000161,00072,00076,00059,000
       Other Assets 
960,000
1,280,000
1,243,000
456,000
493,000
871,000
659,000
532,000
514,000
692,000
2,388,000
493,000
493,0002,388,000692,000514,000532,000659,000871,000493,000456,0001,243,0001,280,000960,000
> Total Liabilities 
10,200,000
9,423,000
9,870,000
4,454,000
3,952,000
4,498,000
4,424,000
4,547,000
4,175,000
4,288,000
5,557,000
5,189,000
5,189,0005,557,0004,288,0004,175,0004,547,0004,424,0004,498,0003,952,0004,454,0009,870,0009,423,00010,200,000
   > Total Current Liabilities 
3,194,000
2,764,000
2,133,000
1,704,000
1,377,000
1,744,000
1,664,000
1,688,000
1,271,000
1,462,000
1,897,000
1,560,000
1,560,0001,897,0001,462,0001,271,0001,688,0001,664,0001,744,0001,377,0001,704,0002,133,0002,764,0003,194,000
       Short-term Debt 
73,000
65,000
13,000
14,000
32,000
30,000
3,000
313,000
355,000
408,000
402,000
365,000
365,000402,000408,000355,000313,0003,00030,00032,00014,00013,00065,00073,000
       Short Long Term Debt 
0
0
833,000
105,000
272,000
380,000
321,000
301,000
313,000
371,000
362,000
314,000
314,000362,000371,000313,000301,000321,000380,000272,000105,000833,00000
       Accounts payable 
1,142,000
967,000
959,000
762,000
577,000
697,000
743,000
880,000
627,000
777,000
989,000
985,000
985,000989,000777,000627,000880,000743,000697,000577,000762,000959,000967,0001,142,000
       Other Current Liabilities 
1,979,000
1,732,000
1,161,000
928,000
768,000
1,017,000
918,000
495,000
289,000
277,000
506,000
210,000
210,000506,000277,000289,000495,000918,0001,017,000768,000928,0001,161,0001,732,0001,979,000
   > Long-term Liabilities 
7,006,000
6,659,000
7,737,000
2,750,000
2,575,000
2,754,000
2,760,000
2,859,000
2,904,000
2,826,000
3,660,000
3,629,000
3,629,0003,660,0002,826,0002,904,0002,859,0002,760,0002,754,0002,575,0002,750,0007,737,0006,659,0007,006,000
       Long term Debt Total 
0
0
0
682,000
631,000
644,000
596,000
591,000
662,000
799,000
1,425,000
1,376,000
1,376,0001,425,000799,000662,000591,000596,000644,000631,000682,000000
       Long term Debt 
4,385,000
4,281,000
4,981,000
60,000
39,000
42,000
38,000
60,000
53,000
799,000
815,000
753,000
753,000815,000799,00053,00060,00038,00042,00039,00060,0004,981,0004,281,0004,385,000
       Capital Lease Obligations 
0
0
0
0
602,000
613,000
570,000
543,000
651,000
687,000
650,000
674,000
674,000650,000687,000651,000543,000570,000613,000602,0000000
       Other Liabilities 
2,074,000
1,798,000
2,233,000
2,068,000
1,944,000
2,110,000
2,164,000
2,268,000
2,242,000
2,027,000
2,235,000
2,253,000
2,253,0002,235,0002,027,0002,242,0002,268,0002,164,0002,110,0001,944,0002,068,0002,233,0001,798,0002,074,000
> Total Stockholder Equity
13,010,000
9,213,000
8,953,000
11,036,000
9,423,000
10,236,000
10,710,000
10,169,000
9,563,000
8,955,000
10,780,000
9,376,000
9,376,00010,780,0008,955,0009,563,00010,169,00010,710,00010,236,0009,423,00011,036,0008,953,0009,213,00013,010,000
   Common Stock
13,010,000
9,213,000
8,953,000
14,958,000
14,958,000
14,747,000
14,493,000
14,212,000
13,943,000
13,597,000
13,469,000
13,251,000
13,251,00013,469,00013,597,00013,943,00014,212,00014,493,00014,747,00014,958,00014,958,0008,953,0009,213,00013,010,000
   Retained Earnings 
0
0
552,000
-365,000
-1,977,000
-982,000
-367,000
-448,000
-765,000
-1,053,000
901,000
-271,000
-271,000901,000-1,053,000-765,000-448,000-367,000-982,000-1,977,000-365,000552,00000
   Accumulated Other Comprehensive Income 000-14,740,000-14,037,000-12,936,000-12,360,000-11,706,000-10,735,000-11,238,000-10,148,000-7,153,000
   Capital Surplus 000000000000
   Treasury Stock00-22,000-49,000-105,000-83,000-26,000-3,0000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue7,429,000
Cost of Revenue-3,954,000
Gross Profit3,475,0003,475,000
 
Operating Income (+$)
Gross Profit3,475,000
Operating Expense--7,477,000
Operating Income198,00010,952,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative824,000
Selling And Marketing Expenses-
Operating Expense-7,477,000824,000
 
Net Interest Income (+$)
Interest Income110,000
Interest Expense-215,000
Other Finance Cost-112,000
Net Interest Income7,000
 
Pretax Income (+$)
Operating Income198,000
Net Interest Income7,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)213,000183,000
EBIT - interestExpense = 213,000
213,000
42,000
Interest Expense215,000
Earnings Before Interest and Taxes (EBIT)428,000428,000
Earnings Before Interest and Taxes (EBITDA)1,081,000
 
After tax Income (+$)
Income Before Tax213,000
Tax Provision-386,000
Net Income From Continuing Ops-173,000-173,000
Net Income-173,000
Net Income Applicable To Common Shares-173,000
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-7,477,000
Total Other Income/Expenses Net15,000-7,000
 

Technical Analysis of South32
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of South32. The general trend of South32 is BEARISH with 85.7% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine South32's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-85.7%) Bearish trend (85.7%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of South32 Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 3 < 3.07 < 3.4.

The bearish price targets are: 2.75.

Tweet this
South32 Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of South32 Ltd. The current mas is .

The long score for the Moving Averages is 1/14.
The longshort score for the Moving Averages is -12/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

South32 Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of South32 Ltd. The current macd is -0.08887281.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the South32 price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for South32. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the South32 price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
South32 Ltd Daily Moving Average Convergence/Divergence (MACD) ChartSouth32 Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of South32 Ltd. The current adx is 31.83.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -3/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell South32 shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bearish trend. The ADX is declining, the bearish trend is weakening. Could be a potential reversal to the upside. -2
South32 Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of South32 Ltd. The current sar is 2.77009114.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
South32 Ltd Daily Parabolic SAR Chart
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of South32 Ltd. The current rsi is 48.89. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is -2/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending up: The RSI is trending up. +1
South32 Ltd Daily Relative Strength Index (RSI) ChartSouth32 Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of South32 Ltd. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 4/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the South32 price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
South32 Ltd Daily Stochastic Oscillator ChartSouth32 Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of South32 Ltd. The current cci is -5.73939557.

South32 Ltd Daily Commodity Channel Index (CCI) ChartSouth32 Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of South32 Ltd. The current cmo is 10.39.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
South32 Ltd Daily Chande Momentum Oscillator (CMO) ChartSouth32 Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of South32 Ltd. The current willr is -32.5.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that South32 is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
South32 Ltd Daily Williams %R ChartSouth32 Ltd Daily Williams %R Chart
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of South32 Ltd.

South32 Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of South32 Ltd. The current atr is 0.0973989.

South32 Ltd Daily Average True Range (ATR) ChartSouth32 Ltd Daily Average True Range (ATR) Chart
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of South32 Ltd. The current obv is 40,197,577.

South32 Ltd Daily On-Balance Volume (OBV) ChartSouth32 Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of South32 Ltd. The current mfi is 40.37.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
South32 Ltd Daily Money Flow Index (MFI) ChartSouth32 Ltd Daily Money Flow Index (MFI) Chart
3rd Party Ad. No recommendation by Penke. PLUS is ad-free.

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for South32 Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-10-12WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-10-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-10-18STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-10-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-10-23MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-10-24BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-10-25STOCH SHORT EXITThe %K line crosses above the %D line.
2023-10-31DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-06DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2023-11-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-09RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-10STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-27MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-11-30STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-06MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-14SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-15DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-11WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-23ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-30STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-02-01CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-09STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-19RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-21RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-26SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-29STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-01MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside

6.3. Candlestick Patterns

South32 Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of South32 Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5048.895
Ma 20Greater thanMa 502.994
Ma 50Greater thanMa 1003.195
Ma 100Greater thanMa 2003.212
OpenGreater thanClose3.000
Total0/5 (0.0%)
Penke

Good job! You gained 25 XP and 0