Obermatt

Santam

JNB:SNT · ZAE000093779
InsuranceMedium

360

87
EV / EBIT91
Price / Owner Earnings65
Owner Earnings Yield93
Dividend Yield83
Price/Sales100
EV / Gross Profit69
Price/Book27
Returns on capital88
Profit margins65
Cash Conversion14
Accruals39
Owner Earnings Margin27
Sales growth64
Profit Growth48
Long-Term EPS Growth82
Owner Earnings Growth44
Reinvestment85
Price momentum23
Debt load30
Debt serviceability11
Liquidity63
Analyst ratings29
Opinion Changes50
Price Target Upside69
Market mood41
Value Creation20/20strong 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

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

Profile

CountrySouth Africa
IndustryInsurance
SizeMedium
TypePublic Company
ExchangeJSE
Founded1918
ISINZAE000093779
Last UpdateApr 2, 2026

Description

Santam Ltd, together with its subsidiaries, provides various general insurance products for individuals and businesses. Business Segments The company operates through two primary business segments: insurance activities and investment activities. Th…

Analysis

Quality compounder

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

The price is attractive. You pay 10.6× 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 -2% yearly growth; analysts expect 7%. The price, in other words, assumes less than the experts do.

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

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
61
2023202420252026

All-time high

85

Jan 2023

All-time low

51

Mar 2026

Average rank

61

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
100
88
85
84
Price/Earnings
75
38
50
58
Price/Book
27
16
20
31
Dividend Yield
83
60
61
73
Value (overall)
83
59
49
58

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 →