NASPERS LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3,625 ZAR | +1.38% |
|
+11.27% | +15.88% |
| Apr. 11 | Tencent Buys Back 3.3 Million Shares to Counteract Sales by Investor Naspers | MT |
| Apr. 04 | Activist investor Sachem Head takes stake in Delivery hero, shares jump | RE |
Valuation
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 99,382 | 62,737 | 99,840 | 46,918 | 37,721 | 32,507 | - | - |
| Enterprise Value (EV) 1 | 93,073 | 57,981 | 101,652 | 49,410 | 32,892 | 31,524 | 29,191 | 28,087 |
| P/E ratio | 23.9 x | 20.5 x | 19.9 x | 2.76 x | 9.41 x | 13.9 x | 13.7 x | 10.1 x |
| Yield | 0.22% | 0.23% | 0.17% | 0.37% | - | 0.35% | 0.45% | 0.58% |
| Capitalization / Revenue | 15 x | 15.7 x | 16.8 x | 5.91 x | 5.57 x | 5.09 x | 4.42 x | 3.9 x |
| EV / Revenue | 14.1 x | 14.5 x | 17.1 x | 6.22 x | 4.85 x | 4.94 x | 3.97 x | 3.37 x |
| EV / EBITDA | 287 x | -166 x | -1,225 x | -117 x | -48 x | -126 x | 240 x | 94.9 x |
| EV / FCF | 361 x | -190 x | -1,640 x | -51.5 x | -73.9 x | -19.1 x | -19.2 x | -21.7 x |
| FCF Yield | 0.28% | -0.53% | -0.06% | -1.94% | -1.35% | -5.23% | -5.2% | -4.61% |
| Price to Book | 3.55 x | 2.87 x | 3.43 x | 1.6 x | 2.04 x | 1.83 x | 1.55 x | 1.3 x |
| Nbr of stocks (in thousands) | 431,943 | 438,212 | 417,721 | 411,773 | 203,616 | 168,850 | - | - |
| Reference price 2 | 230.1 | 143.2 | 239.0 | 113.9 | 185.3 | 192.5 | 192.5 | 192.5 |
| Announcement Date | 6/21/19 | 6/29/20 | 6/21/21 | 6/27/22 | 6/26/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,612 | 4,001 | 5,934 | 7,940 | 6,778 | 6,387 | 7,356 | 8,331 |
| EBITDA 1 | 324 | -349 | -83 | -424 | -685 | -250.6 | 121.7 | 296 |
| EBIT 1 | 178 | -567 | -347 | -708 | -1,384 | -410.9 | -164.2 | 70.13 |
| Operating Margin | 2.69% | -14.17% | -5.85% | -8.92% | -20.42% | -6.43% | -2.23% | 0.84% |
| Earnings before Tax (EBT) 1 | 4,861 | 3,635 | 7,222 | 18,644 | 9,460 | 4,608 | 5,629 | 6,596 |
| Net income 1 | 6,901 | 3,137 | 5,304 | 12,223 | 4,331 | 2,560 | 2,505 | 3,234 |
| Net margin | 104.37% | 78.41% | 89.38% | 153.94% | 63.9% | 40.09% | 34.05% | 38.82% |
| EPS 2 | 9.610 | 6.990 | 12.04 | 41.27 | 19.68 | 13.84 | 14.04 | 19.04 |
| Free Cash Flow 1 | 258 | -305 | -62 | -960 | -445 | -1,648 | -1,518 | -1,294 |
| FCF margin | 3.9% | -7.62% | -1.04% | -12.09% | -6.57% | -25.8% | -20.64% | -15.53% |
| FCF Conversion (EBITDA) | 79.63% | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 3.74% | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.4992 | 0.3353 | 0.4074 | 0.4182 | - | 0.6764 | 0.8671 | 1.109 |
| Announcement Date | 6/21/19 | 6/29/20 | 6/21/21 | 6/27/22 | 6/26/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,730 | 2,271 | 2,497 | 4,365 | 3,700 | 3,049 | 3,174 | 3,407 |
| EBITDA | - | - | - | - | - | - | - | - |
| EBIT | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - |
| Net income | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - |
| EPS | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 11/22/19 | 6/29/20 | 11/23/20 | 6/27/22 | 11/23/22 | 6/26/23 | 11/29/23 | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 1,812 | 2,492 | - | - | - | - |
| Net Cash position 1 | 6,309 | 4,756 | - | - | 4,829 | 982 | 3,316 | 4,420 |
| Leverage (Debt/EBITDA) | - | - | -21.83 x | -5.877 x | - | - | - | - |
| Free Cash Flow 1 | 258 | -305 | -62 | -960 | -445 | -1,648 | -1,518 | -1,294 |
| ROE (net income / shareholders' equity) | 11.2% | 11.5% | 13.6% | 8.44% | 5.56% | 12.7% | 16.5% | 18.8% |
| ROA (Net income/ Total Assets) | - | 8.18% | 7.71% | 3.36% | 1.61% | 3.7% | 3.45% | 3.75% |
| Assets 1 | - | 38,352 | 68,788 | 364,170 | 269,341 | 69,218 | 72,565 | 86,368 |
| Book Value Per Share 2 | 64.80 | 49.80 | 69.60 | 71.00 | 91.00 | 105.0 | 124.0 | 148.0 |
| Cash Flow per Share 2 | 0.9500 | -0.4500 | 0.1700 | -2.420 | -0.8500 | 2.040 | 4.670 | 8.170 |
| Capex 1 | 152 | 109 | 135 | 258 | 290 | 264 | 317 | 377 |
| Capex / Sales | 2.3% | 2.72% | 2.28% | 3.25% | 4.28% | 4.14% | 4.32% | 4.52% |
| Announcement Date | 6/21/19 | 6/29/20 | 6/21/21 | 6/27/22 | 6/26/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
192.5
USD
Average target price
246.3
USD
Spread / Average Target
+27.95%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +15.88% | 32.51B | |
| +18.66% | 414B | |
| +15.27% | 242B | |
| +12.15% | 144B | |
| +20.63% | 104B | |
| +17.19% | 83.87B | |
| +54.11% | 57.64B | |
| +33.59% | 53.37B | |
| +6.02% | 37.83B | |
| -8.32% | 23.18B |
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- Financials Naspers Limited
