The company has issued more shares over this period, which dilutes each existing shareholder’s stake.
Diluted shares outstanding: 269.5M (2021) → 304.8M (2025)
Tharisa plc operates as an investment holding company with a comprehensive focus on the mining, processing, value addition, marketing, sales, and distribution of platinum group metals (PGM) and chrome concentrates. Its global footprint extends across South Africa, China, Singapore, Hong Kong, Australia, Japan, and other international territories. The company's diverse business activities are structured into four primary divisions: PGM, Chrome, Agency and Trading, and Manufacturing. Its robust PGM basket includes platinum, palladium, rhodium, gold, ruthenium, iridium, nickel, and copper. A cornerstone of its operations is the wholly-owned Tharisa mine, an open-pit PGM and chrome extraction site strategically located on the south-western limb of South Africa's Bushveld Complex. Beyond PGMs, Tharisa supplies various grades of chrome concentrates – specifically chemical, foundry, and metallurgical – catering to manufacturers of stainless steel and ferrochrome, as well as general commodity traders. Furthermore, Tharisa plc also includes a manufacturing arm dedicated to the production of mining equipment. Established in 2008, the company's corporate headquarters are situated in Paphos, Cyprus.
When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.
+25.7% YoY
YoY Growth Rate
Revenue accelerating
+563.9% YoY
YoY Growth Rate
EPS growth accelerating
$340,000/ year
↓ Declining (-67% vs prior year)
0.1% of revenue
Below sector average (3%)
R&D spend declining — could signal cost-cutting or efficiency
~8 years
$196M cash & investments
Quarterly Free Cash Flow
↓ Burn rate worsening
$196M cash & investments at current burn rate
Tharisa grew revenue 26% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.
The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.
Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.
ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.
Full breakdown available with your free trial
See every metric, trend, and what it means for this stock.
Earnings growing 25%+ a year. The compounder zone.
Full breakdown available with your free trial
See every metric, trend, and what it means for this stock.
Free cash flow is negative. They are burning cash, not generating it.
Full breakdown available with your free trial
See every metric, trend, and what it means for this stock.
Interest coverage above 8. Profits cover interest many times over.
Full breakdown available with your free trial
See every metric, trend, and what it means for this stock.
P/E under 10. The price tag is small relative to last year's profit.
Full breakdown available with your free trial
See every metric, trend, and what it means for this stock.
Yield above 6% — often a flag the market is pricing in a cut.
Full breakdown available with your free trial
See every metric, trend, and what it means for this stock.
