Obermatt

Sanlam

JNB:SLM · ZAE000070660
InsuranceLarge

360

97
EV / EBIT91
Price / Owner Earnings67
Owner Earnings Yield100
Dividend Yield87
Price/Sales7
EV / Gross Profit97
Price/Book42
Returns on capital84
Profit margins98
Cash Conversion40
Accruals70
Owner Earnings Margin47
Sales growth61
Profit Growth88
Long-Term EPS Growth85
Owner Earnings Growth14
Reinvestment73
Price momentum37
Debt load60
Debt serviceability4
Liquidity55
Analyst ratings58
Opinion Changes50
Price Target Upside84
Market mood81
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Sanlam generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySouth Africa
IndustryInsurance
SizeLarge
TypePublic Company
ExchangeJSE
Founded1918
Employees10,775
ISINZAE000070660
Last UpdateApr 2, 2026
Themes
Onshore and Offshore WindConsumer LendingEmployee BenefitsInsurtechFinancial Services

Description

Sanlam Limited a financial services company that provides a range of insurance, investment, and financial solutions to individual, business, and institutional clients. Business Segments The company operates through Sanlam Life and Savings, Sanlam E…

Analysis

Quality compounder

Sanlam Limited is a quality compounder: a well-run business trading at a price that reflects what it is worth.

The price is attractive. You pay 11.5× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -1% yearly growth; analysts expect 13%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is adequate. The company scores 14/20 on our value-creation score: strong value creator. Analysts lean positive.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
83
2023202420252026

All-time high

83

Jun 2026

All-time low

54

Jan 2025

Average rank

65

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
7
32
77
79
Price/Earnings
70
45
44
54
Price/Book
42
44
46
34
Dividend Yield
87
73
79
80
Value (overall)
54
53
74
67

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →