Obermatt

Naspers

JNB:NPN · ZAE000351946
Internet Software & ServicesX-Large

360

75
EV / EBIT3
Price / Owner Earnings83
Owner Earnings Yield96
Dividend Yield37
Price/Sales15
EV / Gross Profit6
Price/Book69
Return on Capital12
Cash Return on Capital62
Return on Equity75
EBIT Margin18
Gross Profitability5
Cash Conversion6
Accruals89
Owner Earnings Margin98
Sales growth91
Profit Growth96
Long-Term EPS Growth85
Owner Earnings Growth48
Reinvestment73
Price momentum33
Debt load48
Refinancing19
Debt Payback100
Liquidity17
Analyst ratings64
Opinion Changes50
Price Target Upside89
Market mood49
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

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

Profile

CountrySouth Africa
IndustryInternet Software & Services
SizeX-Large
TypePublic Company
ExchangeJSE
Founded1915
Employees224
ISINZAE000351946
Last UpdateApr 2, 2026
Themes
Collaborative ConsumptionFintechOnline PaymentsEdTechFood DeliveryConsumer ElectronicsInternet

Description

Naspers Limited is a consumer internet group and one of technology investors in the world. The company operates in a variety of sectors, with a strong focus on technology and its applications across several domains. The company adopts a dual approach…

Analysis

Middle-of-the-road

Naspers Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 6.4× 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 -9% yearly growth; analysts expect 19%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is sturdy. The company scores 18/20 on our value-creation score: strong value creator.

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
64
2023202420252026

All-time high

96

Apr 2024

All-time low

41

Jan 2023

Average rank

74

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
15
5
12
5
Price/Earnings
67
68
67
61
Price/Book
69
39
58
72
Dividend Yield
37
20
15
24
Value (overall)
46
21
19
28

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 →