Financials Naspers Limited

Equities

NPN

ZAE000325783

Internet Services

End-of-day quote Johannesburg S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
3,673 ZAR +3.29% Intraday chart for Naspers Limited +4.65% +17.43%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 62,737 99,840 46,918 37,721 31,645 35,529 - -
Enterprise Value (EV) 1 57,981 101,652 49,410 32,892 31,645 33,345 30,829 28,693
P/E ratio 20.5 x 19.9 x 2.76 x 9.41 x 12 x 8.22 x 6.64 x 5.11 x
Yield 0.23% 0.17% 0.37% - - 0.4% 0.47% 0.78%
Capitalization / Revenue 15.7 x 16.8 x 5.91 x 5.57 x 4.92 x 5.02 x 4.44 x 4.02 x
EV / Revenue 14.5 x 17.1 x 6.22 x 4.85 x 4.92 x 4.71 x 3.85 x 3.25 x
EV / EBITDA -166 x -1,225 x -117 x -48 x - -205 x 622 x 57.9 x
EV / FCF -190 x -1,640 x -51.5 x -73.9 x - 11.9 x 9.17 x 13.4 x
FCF Yield -0.53% -0.06% -1.94% -1.35% - 8.39% 10.9% 7.44%
Price to Book 2.87 x 3.43 x 1.6 x 2.04 x - 1.75 x 1.37 x 1 x
Nbr of stocks (in thousands) 438,212 417,721 411,773 203,616 178,235 174,120 - -
Reference price 2 143.2 239.0 113.9 185.3 177.5 204.0 204.0 204.0
Announcement Date 6/29/20 6/21/21 6/27/22 6/26/23 6/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 4,001 5,934 7,940 6,778 6,431 7,079 8,009 8,838
EBITDA 1 -349 -83 -424 -685 - -163 49.56 495.5
EBIT 1 -567 -347 -708 -1,384 -562 -241.1 -46.59 355.1
Operating Margin -14.17% -5.85% -8.92% -20.42% -8.74% -3.41% -0.58% 4.02%
Earnings before Tax (EBT) 1 3,635 7,222 18,644 9,460 6,986 7,773 8,452 10,271
Net income 1 3,137 5,304 12,223 4,331 2,855 2,897 3,605 5,210
Net margin 78.41% 89.38% 153.94% 63.9% 44.39% 40.92% 45.01% 58.95%
EPS 2 6.990 12.04 41.27 19.68 14.76 24.82 30.74 39.97
Free Cash Flow 1 -305 -62 -960 -445 - 2,799 3,361 2,136
FCF margin -7.62% -1.04% -12.09% -6.57% - 39.54% 41.96% 24.17%
FCF Conversion (EBITDA) - - - - - - 6,781.73% 431.04%
FCF Conversion (Net income) - - - - - 96.62% 93.22% 41%
Dividend per Share 2 0.3353 0.4074 0.4182 - - 0.8224 0.9576 1.585
Announcement Date 6/29/20 6/21/21 6/27/22 6/26/23 6/24/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S2 2021 S1 2022 S2 2023 S1 2023 S2 2024 S1
Net sales 1 2,271 2,497 4,365 3,700 3,049 3,174
EBITDA - - - - - -
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) - - - - - -
Net income - - - - - -
Net margin - - - - - -
EPS - - - - - -
Dividend per Share - - - - - -
Announcement Date 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 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - 1,812 2,492 - - - - -
Net Cash position 1 4,756 - - 4,829 - 2,183 4,700 6,836
Leverage (Debt/EBITDA) - -21.83 x -5.877 x - - - - -
Free Cash Flow 1 -305 -62 -960 -445 - 2,799 3,361 2,136
ROE (net income / shareholders' equity) 11.5% 13.6% 8.44% 5.56% - 18.3% 19.6% 16.9%
ROA (Net income/ Total Assets) 8.18% 7.71% 3.36% 1.61% - 5.28% 5.24% 4.05%
Assets 1 38,352 68,788 364,170 269,341 - 54,896 68,806 128,763
Book Value Per Share 2 49.80 69.60 71.00 91.00 - 117.0 149.0 204.0
Cash Flow per Share 2 -0.4500 0.1700 -2.420 -0.8500 - -2.120 7.020 -
Capex 1 109 135 258 290 - 281 319 351
Capex / Sales 2.72% 2.28% 3.25% 4.28% - 3.98% 3.98% 3.97%
Announcement Date 6/29/20 6/21/21 6/27/22 6/26/23 6/24/24 - - -
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+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
9
Last Close Price
204 USD
Average target price
278.6 USD
Spread / Average Target
+36.56%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. NPN Stock
  4. Financials Naspers Limited