Obermatt

Discovery

JNB:DSY · ZAE000022331
InsuranceLarge

360

97
EV / EBIT58
Price / Owner Earnings34
Cash yield57
Price/Sales54
EV / Gross Profit47
Price/Book49
Returns on capital87
Profit margins60
Cash Conversion34
Accruals26
Owner Earnings Margin76
Sales growth94
Profit Growth92
Long-Term EPS Growth97
Owner Earnings Growth56
Reinvestment79
Price momentum71
Debt load30
Debt serviceability95
Liquidity27
Analyst ratings54
Opinion Changes50
Price Target Upside69
Market mood70
Value Creation18/20strong 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

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

Profile

CountrySouth Africa
IndustryInsurance
SizeLarge
TypePublic Company
ExchangeJSE
Founded1999
Employees10,670
ISINZAE000022331
Last UpdateApr 2, 2026
Themes
Health CareHealth InsuranceInsuranceWellness

Description

Discovery Limited provides various insurance products and services. Business Segments The company operates through Health South Africa, Life South Africa, Invest South Africa, Vitality South Africa, Insure South Africa, Bank South Africa, Health Un…

Analysis

Beloved champion

Discovery Limited is a beloved champion: its quality is genuine, and the market already prices it as exceptional.

The price is fair. You pay 17.9× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 5% yearly growth; analysts expect 18%. The price, in other words, assumes less than the experts do.

The trajectory is solid and accelerating and the balance sheet is sturdy. The company scores 18/20 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
96
2023202420252026

All-time high

96

Jun 2026

All-time low

53

Jan 2023

Average rank

85

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
54
47
39
65
Price/Earnings
61
37
53
41
Price/Book
49
35
60
49
Dividend Yield
57
45
39
35
Value (overall)
70
37
31
50

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 →