SBSW vs WPM vs NEXM Stock Comparison

Sibanye Stillwater, Wheaton Precious Metals and NexMetals Mining Prices as of Oct 23, 2026 Peers: Industry group
SBSW Sibanye Stillwater Ltd
$9.20 -12.6% 1M -17.5% 1Y
Market cap
$6.58B
P/E
–
Revenue (TTM)
—
Div. yield
–
Platinum and Palladium Basic Materials
1 win
WPM Wheaton Precious Metals Corp.
$120.87 -16.9% 1M +23.0% 1Y
Market cap
$55.54B
P/E
27.2x
Revenue (TTM)
-$35.66M
Div. yield
0.01%
Alternative Asset Managers Financial Services
5 wins
NEXM NexMetals Mining Corp.
$1.38 -37.3% 1M -72.7% 1Y
Market cap
$49.37M
P/E
–
Revenue (TTM)
$314.41K
Div. yield
–
Copper Basic Materials
1 win

Head to Head

7 decided of 12

Wheaton Precious Metals leads on 5 of the 12 questions below (Wheaton Precious Metals 5, Sibanye Stillwater 1, NexMetals Mining 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSBSWWPMNEXMLeader
Larger companyMarket capitalisation $6.58B $55.54B $49.37M WPM
Cheaper on earningsLower P/E, profitable companies only — 27.2x -1.3x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 4.1x 27.7x — SBSW
Faster revenue growthRevenue growth, trailing twelve months — -6.5% +280.5% NEXM
More profitableNet margin, trailing twelve months — — -11,801.7% –
Better return on capitalReturn on invested capital — 18.7% — –
Less leveragedLower net debt / EBITDA — 0.7x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.01% 0.00% –
Better 1-year returnPrice return, last 12 months -17.5% +23.0% -72.7% WPM
Better 5-year returnAnnualised price return, 5 years -8.7%/yr +23.9%/yr -46.1%/yr WPM
Less volatileAnnualised volatility, 1 year 65.3% 50.7% 70.5% WPM
Higher overall scoreMean of the five percentile scores vs peers — 78/100 38/100 WPM

Percentile Scorecard

SBSWWPMNEXM

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisSBSWWPMNEXM
Valuation – 75 #46 of 183 8 #149 of 162
Growth – 92 #10 of 113 58 #62 of 147
Profitability – 98 #4 of 131 3 #119 of 122
Financial Health – 76 #41 of 168 83 #29 of 166
Shareholder Returns 100 #1 of 107 48 #40 of 76 –
Overall – 78 38
  • SBSW ranked among 176 companies in Metals and Mining
  • WPM ranked among 212 companies in Asset and Wealth Management
  • NEXM ranked among 176 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodSBSWWPMNEXMSPY
1 month -12.6%-16.9%-37.3% -1.0%
3 months +9.8%+8.4%-36.4% +2.9%
6 months -27.7%-13.3%-41.5% +6.4%
Year to date -35.4%+2.9%-64.7% +11.4%
1 year -17.5%+23.0%-72.7% +13.1%
3 years +77.9%+176.8%-94.0% +79.4%
3 years, per year +21.2%+40.4%-60.9% +21.5%
5 years -36.4%+192.2%-95.4% +67.7%
5 years, per year -8.7%+23.9%-46.1% +10.9%
10 years -21.0%+396.8%-97.7% +255.2%
10 years, per year -2.3%+17.4%-31.4% +13.5%

Risk

MeasureSBSWWPMNEXMSPY
Volatility, 1Y 65.3%50.7%70.5% 12.7%
Downside volatility, 1Y 66.8%54.0%73.8% 12.7%
Beta vs S&P 500, 1Y 2.581.891.39 1.00
Return / volatility, 1Y -0.270.45-1.03 1.03
Max drawdown, 5Y -84.4%-43.8%-97.2% -25.4%
From 52-week high -56.4%-27.1%-72.7% -2.5%
52-week high $21.12$165.72$5.05 $779.14
52-week low $8.00$94.37$1.38 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleSBSWWPMNEXM
P/E now vs peer median —median 12.7x 26.9xmedian 33.6x -1.3xmedian 12.7x
P/S now vs peer median —median 3.1x -1,539xmedian 4.6x 156.5xmedian 3.1x
EV/EBITDA now vs peer median —median 6.9x 21.6xmedian 12.0x —median 6.9x
P/FCF now vs peer median —median 15.1x 21.6xmedian 13.4x -0.8xmedian 15.1x
P/B now vs peer median —median 2.1x 5.7xmedian 1.9x 1.1xmedian 2.1x
PEG now vs peer median —median 0.27 0.46median 0.91 -0.06median 0.27

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsSBSWWPMNEXM
Revenue – -$35.66M $314.41K
Gross profit – $2.40B –
Operating income – $2.28B –
Net income – $2.05B -$37.11M
Free cash flow – $2.54B -$60.22M
R&D – – $26.75M
EPS (diluted) – $4.48 $-1.04
Cash & equivalents – $100.19M $11.93M
Total debt $2.24B $1.99B $3.73M
Shares (diluted) 707.64M 454.69M 35.65M
Enterprise value $6.58B $50.96B -$20.58M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricSBSWWPMNEXM
P/E – 26.9x -1.3x
P/FCF – 21.6x -0.8x
P/Operating cash flow – 21.6x -1.4x
P/S – -1,539x 156.5x
P/B – 5.7x 1.1x
P/Tangible book – 5.7x 1.1x
EV/EBITDA – 21.6x –
EV/EBIT – 24.9x –
EV/Revenue – -1,592x 121.2x
EV/FCF – 22.3x -0.6x
EV/Operating cash flow – 22.3x -1.1x
PEG (3Y EPS CAGR) – 0.46 -0.06

Growth

14 metrics
MetricSBSWWPMNEXM
Revenue growth (1Y) – -6.5% 280.5%
Revenue CAGR (3Y) – -17.4% 48.4%
Gross profit growth (1Y) – 114.5% –
Gross profit CAGR (3Y) – 69.4% –
Operating income growth (1Y) – 149.2% –
Operating income CAGR (3Y) – 73.5% –
Net income growth (1Y) – 159.9% 3.3%
Net income CAGR (3Y) – 49.4% 8.0%
EPS growth (1Y) – 158.1% 41.8%
EPS CAGR (3Y) – 58.1% 22.0%
Operating cash flow growth (1Y) – 88.5% -11.0%
Operating cash flow CAGR (3Y) – 56.5% -5.8%
Free cash flow growth (1Y) – 88.5% -90.2%
Free cash flow CAGR (3Y) – 56.5% -35.7%

Profitability

14 metrics
MetricSBSWWPMNEXM
Gross margin – – –
EBITDA margin – – –
Operating margin – – –
Pretax margin – – –
Net margin – – -11,802%
FCF margin – – -19,155%
Operating cash flow margin – -7,135% -10,819%
Return on equity – 21.5% –
Return on assets – 18.5% –
Return on invested capital – 18.7% –
Return on capital employed – 21.2% –
Asset turnover – 0.0x 0.0x
Cash conversion (OCF / net income) – 1.2x 0.9x
Stock comp / revenue – -67.5% 669.6%

Financial Health

11 metrics
MetricSBSWWPMNEXM
Debt / assets – 16.3% 1.7%
Debt / equity – 0.2x 0.0x
Net debt / EBITDA – 0.7x –
Debt / FCF – 0.8x 0.0x
Liabilities / assets – 20.3% 12.7%
Equity / assets – 79.7% 87.3%
Interest coverage – 61.9x –
Current ratio – 0.5x 5.2x
Quick ratio – 0.5x 4.7x
Cash ratio – 0.4x 4.7x
Altman Z-score – 14.59 –

Shareholder Returns

7 metrics
MetricSBSWWPMNEXM
Dividend yield 8.7% 0.6% –
Net buyback yield – 0.0% –
Shareholder yield 8.7% 0.6% –
Payout ratio (earnings) – 23.5% –
Payout ratio (FCF) – 19.0% –
Dividend growth (1Y) – 11.7% –
Dividend CAGR (3Y) – 7.9% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusSBSWWPMNEXM
Forward P/E 4.1xFY2026 27.7xFY2026 –
EPS, next fiscal year $2.24FY2026 $4.36FY2026 –
EPS growth, next FY – +44.4%FY2026 –
EPS growth, the year after -8.5% +24.3% –
Revenue, next fiscal year $10.53BFY2026 $3.39BFY2026 –
Revenue growth, next FY +30.4%FY2026 +46.8%FY2026 –
Revenue growth, the year after +7.1% +24.7% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSBSWWPMNEXM
Held by institutions 18.3% 63.9% 17.5%
Institutions holding 255 846 15
Change in shares held, QoQ -6.9% +2.8% -7.1%
Institutions buying 127 419 7
Institutions selling 89 266 4
Buyers to sellers 1.43 1.58 1.75

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

SBSWWPMNEXM
SBSW 1.00 0.85 0.42
WPM 0.85 1.00 0.45
NEXM 0.42 0.45 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SBSW, WPM and NEXM?

Wheaton Precious Metals (WPM) is the largest by market capitalisation: Sibanye Stillwater (SBSW) $6.58B, Wheaton Precious Metals (WPM) $55.54B, NexMetals Mining (NEXM) $49.37M.

Which company is growing faster?

NexMetals Mining (NEXM) grew revenue fastest over the trailing twelve months: Wheaton Precious Metals (WPM) -6.5%, NexMetals Mining (NEXM) +280.5%.

Which stock has performed better?

Over the past year Wheaton Precious Metals (WPM) returned the most: Sibanye Stillwater (SBSW) -17.5%, Wheaton Precious Metals (WPM) +23.0%, NexMetals Mining (NEXM) -72.7%. Over five years, Wheaton Precious Metals (WPM) compounded fastest (Sibanye Stillwater (SBSW) -8.7%/yr, Wheaton Precious Metals (WPM) +23.9%/yr, NexMetals Mining (NEXM) -46.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Sibanye Stillwater (SBSW) 0.00%, Wheaton Precious Metals (WPM) 0.01%, NexMetals Mining (NEXM) 0.00%. Sibanye Stillwater (SBSW) and NexMetals Mining (NEXM) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Wheaton Precious Metals (WPM) has been the steadiest (Sibanye Stillwater (SBSW) 65.3%, Wheaton Precious Metals (WPM) 50.7%, NexMetals Mining (NEXM) 70.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, SBSW, WPM and NEXM?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Wheaton Precious Metals (WPM) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.