Opinions Michael Underhill
Sasol Ltd.-ADRSSLBUYJan 22, 2013
Michael UnderhillStock price when the opinion was issued
As of Jun 09, 2026. Market Open.
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Premium contentPremium contentSSL is a South African based integrated energy business, focusing on energy transition and decarbonization. It trades at 8x earnings, under book value and supports a 21% ROE. It's dividend is a bit erratic, but its current yield is attractive with a payout ratio under 30% of cash flow. We recommend placing at stop loss at $11, looking to achieve $20 -- upside potential of 50%. Yield 4.5%
(Analysts’ price target is $20.91)Premium contentPremium contentPremium contentSSL is an integrated chemical and mining company based in South Africa. It trades under 10x earnings, under book value and supports a ROE of 21%. We like how cash reserves are growing while the company is reducing debt aggressively and buying back shares. We recommend placing a stop loss at $11, looking to achieve $25 — upside potential over 50%. Yield 4.5%
(Analysts’ price target is $25.77)
Don Reed
Robert Stovall
South African company in energy diversified chemicals in agribusiness. Africa has positive population demographics driving this massive continent for the next hundred years. Because of the illiquidity of the market and some of the stocks this is one way to go in.