Projected Income Statement: Sasol Limited

Forecast Balance Sheet: Sasol Limited

Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 77,670 86,677 89,772 79,622 67,780 42,475 34,805 28,279
Change - 11.6% 3.57% -11.31% -14.87% -37.33% -18.06% -18.75%
Announcement Date 8/23/22 8/22/23 8/20/24 8/25/25 8/31/26 - - -
1ZAR in Million
Estimates

Cash Flow Forecast: Sasol Limited

Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 22,713 30,247 30,428 25,983 20,751 25,154 25,722 27,476
Change - 33.17% 0.6% -14.61% -20.14% 21.22% 2.26% 6.82%
Free Cash Flow (FCF) 1 17,537 19,362 7,173 12,558 12,242 26,592 15,444 -3,515
Change - 10.41% -62.95% 75.07% -2.52% 117.22% -41.92% -122.76%
Announcement Date 8/23/22 8/22/23 8/20/24 8/25/25 8/31/26 - - -
1ZAR in Million
Estimates

Forecast Financial Ratios: Sasol Limited

Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 26.05% 22.89% 23.17% 21.06% 22.31% 23.5% 19.44% 17.56%
EBIT Margin (%) 18.68% 19.12% 17.49% 15.44% 15.81% 18.1% 16.46% 13.51%
EBT Margin (%) 20.14% 5.01% -12.54% 4.93% 6.84% 16.06% 10.61% 8.66%
Net margin (%) 14.13% 3.04% -16.09% 2.72% 4.46% 12.45% 8.61% 3.55%
FCF margin (%) 6.36% 6.68% 2.61% 5.04% 4.5% 9.35% 5.87% -1.25%
FCF / Net Income (%) 45.02% 220.05% -16.2% 185.58% 100.77% 75.11% 68.15% -35.2%

Profitability

        
ROA - 7.92% 2.88% 6.19% 6.78% 10.93% 4.68% 5.2%
ROE 17.75% 17.52% 6.77% 15.18% 15.54% 17.74% 10.92% 8.21%

Financial Health

        
Leverage (Debt/EBITDA) 1.08x 1.31x 1.41x 1.52x 1.12x 0.64x 0.68x 0.57x
Debt / Free cash flow 4.43x 4.48x 12.52x 6.34x 5.54x 1.6x 2.25x -8.05x

Capital Intensity

        
CAPEX / Current Assets (%) 8.24% 10.44% 11.06% 10.43% 7.63% 8.85% 9.77% 9.76%
CAPEX / EBITDA (%) 31.61% 45.62% 47.73% 49.52% 34.18% 37.65% 50.27% 55.57%
CAPEX / FCF (%) 129.51% 156.22% 424.2% 206.9% 169.51% 94.59% 166.55% -781.68%

Items per share

        
Cash flow per share 1 63.4 74.95 59.4 60.39 50.88 89.37 72.79 62.93
Change - 18.22% -20.74% 1.66% -15.75% 75.66% -18.56% -13.54%
Dividend per Share 1 14.7 17 2 - - 10.72 7.48 7.61
Change - 15.65% -88.24% - - - -30.25% 1.74%
Book Value Per Share 1 296.7 307.3 220.5 234.7 251.1 289.5 316.6 344.1
Change - 3.57% -28.25% 6.44% 6.98% 15.28% 9.38% 8.69%
EPS 1 62.34 13.02 -69.94 10.54 18.73 49.85 33.72 27.23
Change - -79.11% -637.17% 115.07% 77.7% 166.14% -32.36% -19.23%
Nbr of stocks (in thousands) 621,707 626,698 626,698 626,698 635,410 635,410 635,410 635,410
Announcement Date 8/23/22 8/22/23 8/20/24 8/25/25 8/31/26 - - -
1ZAR
Estimates
2027 *2028 *
P/E 4.76x 7.04x
PBR 0.82x 0.75x
EV / Sales 0.68x 0.7x
Yield 4.52% 3.15%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
237.38ZAR
Average target price
213.51ZAR
Spread / Average Target
-10.05%

Quarterly revenue - Rate of surprise

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