South32 stock (December 2025) | Growth, Valuation & Analysis

South32

ASX:S32

$ 3,56

+ $0,13 (3,79%)

3,56 $

+$0,13 (3,79%)

End-of-day quote: 12/12/2025

South32 Stock Value

The current analyst rating for South32 is Outperform.

Outperform

South32 Company Info

EPS Growth 5Y

30,83%

Market Cap

$15,96 B

Long-Term Debt

$1,14 B

Quarterly earnings

01/21/2026

Dividend

$0,09

Dividend Yield

2,62%

Founded

2000

Industry

Materials

Country

Australia

Website

South32

ISIN Number

AU000000S320

Website

http://www.south32.net

Analyst Price Target

$3,43

-3.65%

Last Update: 12/13/2025

Analysts: 14

Highest Price Target $4,27

Average Price Target $3,43

Lowest Price Target $2,84

In the last five quarters, South32’s Price Target has fallen from $3,95 to $3,53 - a -10,63% decrease. Eleven analysts predict that South32’s share price will fall in the coming year, reaching $3,43. This would represent a decrease of -3,65%.

Top growth stocks in the materials sector (5Y.)

What does South32 do?

South32 Limited (South32) operates as a resources company, primarily engaged in the mining and processing of various commodities. Business Segments The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, and Australia and South Africa Manganese segments. Worsley Alumina This segment comprises an integrated bauxite mine and alumina refinery located in Aus...

South32 Limited (South32) operates as a resources company, primarily engaged in the mining and processing of various commodities.

Business Segments

The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, and Australia and South Africa Manganese segments.

Worsley Alumina

This segment comprises an integrated bauxite mine and alumina refinery located in Australia. It is pivotal in supplying alumina which serves as a primary feedstock for aluminium production.

Brazil Alumina

This segment includes an integrated bauxite mine and alumina refinery, contributing to the global supply of alumina from Brazil.

Brazil Aluminium

This segment features an aluminium smelter located in Brazil, which processes alumina into aluminium, thereby enhancing the aluminium supply chain.

Hillside Aluminium

This segment operates an aluminium smelter, playing an essential role in the company's aluminium production cluster.

Mozal Aluminium

This segment is an aluminium smelter that complements the company's growing portfolio in the aluminium segment.

Sierra Gorda

This segment adds to South32's diverse commodities portfolio and is crucial for meeting global copper demand.

Cannington

This segment includes a silver, lead, and zinc mine located in Australia, focusing on producing essential metals that have significant applications across multiple industries.

Hermosa

This segment is associated with base metals exploration and development options in the United States, aiming to tap into new resources and opportunities.

Cerro Matoso

This segment is an integrated laterite ferronickel mine and smelting complex located in Colombia that is dedicated to nickel production.

Illawarra Metallurgical Coal

This segment encompasses metallurgical coal mines in Australia, contributing to the production of coal essential for steel manufacturing.

Australia and South Africa Manganese

These segments include manganese ore mines situated respectively in Australia and South Africa, ensuring the steady production of manganese which is a critical input for the steel industry.

Business Strategy

The company pursues a multi-faceted business strategy focused on delivering value throughout its operations. By prioritizing the health, safety, and well-being of employees, contractors, and communities, the company aims to create a positive impact while achieving its business objectives. The strategy is grounded in a commitment to responsible practices and stakeholder engagement, fostering transparency and trust within the communities it operates in.

Central to the company's approach is its dedication to enhancing productivity and efficiency at its existing operations. By leveraging advanced technology and innovative techniques, South32 seeks to optimize its resource utilization and minimize environmental impact. The company prioritizes commodities that are critical to the transition toward a low-carbon future, which aligns with global trends and sustainability goals.

Additionally, South32 is focused on exploring new opportunities for development, specifically in its greenfield exploration areas. The company maintains a rigorous pipeline of projects in various phases, allowing it to adapt to market demands and capitalize on emerging trends in the resources sector.

The company's strategy also encompasses active partnerships with key stakeholders, including suppliers and customers. By co-designing emissions reduction programs and ensuring collaborative efforts in resource management, South32 aims to strengthen its market position while contributing positively to environmental objectives.

Products and Services

The company provides a diverse array of products and services that are integral to its operations across several segments. The company's production capabilities include the mining and processing of key commodities such as bauxite, copper, silver, lead, zinc, nickel, metallurgical coal, and manganese.

Bauxite Mining and Alumina Production: Through its Worsley and Brazil Alumina segments, South32 extracts bauxite and processes it into alumina, a crucial intermediate product for aluminium manufacturing.

Aluminium Smelting: The company's aluminium smelting operations, situated in Hillside, Mozal, and Brazil Aluminium, convert alumina into aluminium. This high-value product finds extensive use in construction, transportation, packaging, and various industrial applications.

Copper Mining: The Sierra Gorda mine in Chile exemplifies South32’s foray into copper production, a mineral with significant demand in electrical applications and renewable energy technologies.

Base Metals: Cannington focuses on the extraction of silver, lead, and zinc, providing essential metals that are utilized extensively in batteries, alloys, and other industrial applications.

Nickel Production: The Cerro Matoso segment is dedicated to producing ferronickel, which plays a vital role in stainless steel manufacturing, thus catering to both traditional and emerging markets.

Metallurgical Coal Production: South32's Illawarra Metallurgical Coal segment provides high-quality coal essential for steel production, an industry critical to global infrastructure development.

Manganese Ore: Through its Australia and South Africa Manganese segments, South32 extracts manganese ore, a key ingredient in steelmaking and aluminum production.

Exploration and Development: The Hermosa segment emphasizes exploration and development options for base metals in the United States, positioning South32 to tap into new mineral reserves and growth opportunities.

Geographical Markets Served

The company operates across several geographical markets worldwide, reflecting its commitment to diversifying commodities and catering to international demand. The company's operations span Australia, Brazil, South Africa, Mozambique, Colombia, Chile, and the United States.

Seasonality

The operations of the company may experience seasonality based on external factors, such as weather conditions affecting mining activities, global demand for commodities, and regional economic cycles.

Customers

South32 serves a diverse global customer base spanning various sectors that utilize its commodities. Customers include industrial manufacturers, construction firms, and metal producers who rely on bauxite, alumina, aluminium, copper, base metals, and coal.

Sales and Marketing

The company utilizes a multifaceted marketing and distribution strategy that encompasses direct sales and strategic partnerships within global markets. The company engages in thorough market analysis to inform business planning and investment decisions, allowing it to position its products effectively in various regions. South32 fosters collaborative relationships with customers to design tailored solutions that meet specific market demands.

History

South32 Limited was incorporated in 2000.

South32 Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Industry Revenues: Aluminum: 30% Coal: 25% Manganese: 20% Nickel: 15% Silver/Lead/Zinc: 10% TOP 3 Markets: China: 35% Japan: 20% South Korea: 15% South32 Limited mainly generates its revenues from the production and sale of commodities such as aluminum, coal, manganese, nickel, as well as silver...

At which locations are the company’s products manufactured?

Production sites of South32 Limited: Australia: Worsley Alumina (Bauxite and alumina) Illawarra Metallurgical Coal (Coal) South Africa: Hillside Aluminium (Aluminium) South Africa Manganese (Manganese) Colombia: Cerro Matoso (Nickel) Brazil: Brazil Alumina (Bauxite and alumina...

What strategy does South32 pursue for future growth?

Strategy for Future Growth of South32 Limited: Diversification of Resource Base: South32 aims to diversify its resource base to reduce dependencies on individual markets. This includes investments in metals crucial for the energy transition, such as copper and nickel. Sustainability and Decarbon...

Which raw materials are imported and from which countries?

Main raw materials: Coal, aluminum, manganese, nickel, silver, lead, zinc Import countries: Brazil, Colombia, South Africa, Australia South32 Limited is a diversified mining and metals company that produces and imports a variety of raw materials. The main raw materials include coal, aluminum, mangan...

How strong is the company’s competitive advantage?

Market share: Approximately 5% in the global mining sector (2024, estimate) EBITDA margin: 31% (2024) Commodity diversification: High, with a focus on aluminum, manganese, nickel, and silver South32 Limited has a significant competitive advantage due to its broad commodity diversification, allowing...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: 70% (estimated, 2025) Insider Buys/Sells: No significant transactions in the last year (estimated, 2025) The institutional investor share in South32 Limited is estimated to be around 70%. This demonstrates the confidence of large institutional investors in the company's...

What percentage market share does South32 have?

Market share of South32 Limited: Estimated 4% (2025) Top competitors and their market shares: BHP Group Limited: 15% Rio Tinto Group: 13% Vale S.A.: 10% Glencore plc: 9% Anglo American plc: 8% South32 Limited: 4% Teck Resources Limited: 3% Freeport-McMoRan Inc.: 3% Norsk Hydro ASA: 2% Alcoa Corpora...

Is South32 stock currently a good investment?

Revenue Growth: 8% (2024) Profit Growth: 5% (2024) Debt Ratio: 30% (2024) In 2024, South32 Limited recorded a revenue growth of 8%, attributed to increased production and higher demand for raw materials. Profit growth was at 5%, indicating efficient cost control and operational improvements. The deb...

Does South32 pay a dividend – and how reliable is the payout?

Dividend yield: 5.2% (2025, estimated) Dividend history: Regular payouts since 2015 South32 Limited has been regularly distributing dividends to its shareholders since its founding in 2015. The dividend yield for the year 2025 is estimated to be around 5.2%, which can be considered attractive compar...

South32 Stock Value

South32 Company Info

Analyst Price Target

Top growth stocks in the materials sector (5Y.)

What does South32 do?

South32 Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal