Obermatt

We Buy Cars

JNB:WBC · ZAE000332789
Specialty RetailSmall

360

86
EV / EBIT70
Price / Owner Earnings17
Owner Earnings Yield64
Dividend Yield51
Price/Sales59
EV / Gross Profit4
Price/Book22
Return on Capital95
Cash Return on Capital88
Return on Equity90
EBIT Margin69
Gross Profitability43
Cash Conversion18
Accruals1
Owner Earnings Margin66
Sales growth80
Profit Growth35
Long-Term EPS Growth85
Owner Earnings Growth63
Reinvestment1
Price momentum22
Debt load47
Refinancing47
Debt Payback69
Liquidity70
Analyst ratings22
Opinion Changes96
Price Target Upside64
Market mood91
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

We Buy Cars generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySouth Africa
IndustrySpecialty Retail
SizeSmall
TypePublic Company
ExchangeJSE
ISINZAE000332789
Last UpdateApr 2, 2026
Themes
Fleet Management

Description

We Buy Cars Holdings Limited (WeBuyCars) operates in the South African automotive market, specializing in buying and selling pre-owned vehicles. The company operates primarily through two key segments: the buying, distribution, and retailing of vehi…

Analysis

Middle-of-the-road

We Buy Cars Holdings Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 30.1×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 12% a year, against analyst forecasts of 15%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator. Analysts lean positive.

Flags to be aware of: The financial cushion is thinner than comfortable. 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
47
2026

All-time high

47

Jun 2026

All-time low

15

Mar 2026

Average rank

31

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
59
Price/Earnings
42
Price/Book
22
Dividend Yield
51
Value (overall)
30

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 →