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    NPN   ZAE000015889

NASPERS LIMITED

(NPN)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 06/18
3050.17 ZAR   -0.56%
06/16NASPERS LIMITEDá : annual earnings release
06/15SENS : Update on Naspers share purchase
PU
06/11Naspers' directors to have significant shares in co after share exchange deal
RE
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Naspers, Prosus Expect Fiscal Year 2021 EPS to Soar; Back Shareholder Exchange

06/10/2021 | 12:30pm EDT

By Matteo Castia

Naspers Ltd. and subsidiary Prosus NV said Thursday that each expect a sharp rise in earnings per share for fiscal 2021, and that both recommend their shareholders proceed with the previously announced voluntary share exchange offer between the two companies.

Naspers--a South African newspaper publisher turned technology giant and Africa's most valuable listed company--said it expects earnings per share for the year ended March 31 to rise between 70% and 77% year-on-year, or by 500 cents and 550 cents. EPS in fiscal 2020 came in at 718 cents.

"While navigating a global pandemic, the group benefited from its global perspective and diversified operations and executed on many key strategic initiatives that position it very well for continued long-term growth and value creation," Naspers said.

Dutch internet conglomerate Prosus said in a separate release that it expects EPS for the same period to rise between 92% and 99% on the year, or by 216 cents and 232 cents. EPS in fiscal 2020 came in at 235 cents.

Naspers and Prosus also said they deem the previously announced voluntary share exchange offer to be in the best interest of both companies' shareholders.

"It could provide significant value unlock for Prosus and Naspers shareholders. It will increase the Prosus free float materially, with expected growth in its overall trading liquidity, market index weightings and positive trading dynamics," they said.

On May 12, Naspers and Prosus said they were planning to launch a voluntary offer under which Naspers shareholders would be entitled to exchange ordinary shares for newly issued shares in Prosus.

Write to Matteo Castia at matteo.castia@dowjones.com

(END) Dow Jones Newswires

06-10-21 1229ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -1.58% 33290.08 Delayed Quote.10.51%
NASPERS LIMITED -0.56% 3050.17 End-of-day quote.1.02%
PROSUS N.V. -2.00% 84.19 Real-time Quote.-4.72%
All news about NASPERS LIMITED
06/16NASPERS LIMITEDá : annual earnings release
06/15SENS : Update on Naspers share purchase
PU
06/11Naspers' directors to have significant shares in co after share exchange deal
RE
06/10Naspers' directors to have significant shares in co after share exchange deal
RE
06/10Naspers, Prosus Expect Fiscal Year 2021 EPS to Soar; Back Shareholder Exchang..
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06/10Dutch tech investor Prosus sees earnings almost doubling
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06/10Dutch tech investor Prosus sees jump in earnings share
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06/10NASPERSá : Update on voluntary share exchange offer by Prosus N.V. to Naspers sh..
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06/08SENS : Update on Naspers share purchase
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06/07NASPERSá : invests R42 million in mobility technology company WhereIsMyTransport
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More news
Financials (USD)
Sales 2021 5 517 M - -
Net income 2021 4 553 M - -
Net cash 2021 274 M - -
P/E ratio 2021 23,0x
Yield 2021 0,23%
Capitalization 87 444 M 87 916 M -
EV / Sales 2021 15,8x
EV / Sales 2022 12,0x
Nbr of Employees -
Free-Float 95,8%
Chart NASPERS LIMITED
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Naspers Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends NASPERS LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 347,08 $
Last Close Price 211,97 $
Spread / Highest target 98,7%
Spread / Average Target 63,7%
Spread / Lowest Target 33,4%
EPS Revisions
Managers and Directors
NameTitle
Robert van Dijk Chief Executive Officer & Executive Director
Vasileios Sgourdos Financial Director & Executive Director
Jacobus Petrus Bekker Non-Executive Chairman
Patrick Luke Kolek Group Chief Operating Officer
Debra Meyer Independent Non-Executive Director
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