Northam Platinum Holdings Limited (NPH.JO) stock analysis

In our weekly check, Northam Platinum Holdings Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 2, red flags: 7.

About Northam Platinum Holdings Limited

Northam Platinum Holdings Limited is a Basic Materials company (Other Precious Metals) based in South Africa, listed on JNB as NPH.JO.

What our checks show for NPH.JO

Red flags

• Operating profit does not cover the interest bill (0.7x): interest is paid from cash or new debt.
• The gross margin fell by 18 points, to 25.7%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 7.8 points from today's 25.8%.
• The dividend takes 424% of profit: little cushion if profit falls.
• A small company (market value $55 million): usually riskier and followed by fewer analysts.
• The price swings a lot: 59.1% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 67% from a peak. Would you have held through that?

Warning signs

• The net margin fell by 3.1 points over 5 years, to 25.8%: the company keeps less of each sale as profit.
• Analysts expect earnings per share to shrink about 0.8% a year.

Strengths

• Debt is low: 0.26x equity.
• Operating cash flow is 1.24x net profit: the profit arrives as real cash.
• Earnings per share grew 75.3% a year over the last 3 years.
• Net profit grew 75.8% a year over the last 3 years.
• The company keeps 25.8% of its revenue as net profit.
• Free cash flow is 21% of revenue: cash for dividends, buybacks or growth.

Similar companies

2099.HK · BOL.ST · IMP.JO · VAL.JO · PE&OLES.MX · FRES.L

Questions

What grade does Northam Platinum Holdings Limited (NPH.JO) have?

In our weekly check, Northam Platinum Holdings Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 2, red flags: 7. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of NPH.JO stock?

This week's biggest flags for Northam Platinum Holdings Limited: Weak interest cover, Gross margin falling, Margins expected to shrink. In total 9 of 25 checks show a warning or a red flag.

What does Northam Platinum Holdings Limited do?

Northam Platinum Holdings Limited is a Basic Materials company (Other Precious Metals) based in South Africa, listed on JNB as NPH.JO.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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