Momentum Group (MTM.JO)
Financials · JSE · South Africa
Fundamentals
Valuation and ratings
Momentum Group trades at R40.51, which is 77% below the R71.52 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 61 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 9.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Momentum Group
Momentum Group Limited, together with its subsidiaries, provides insurance and financial services in South Africa and internationally. It operates through Momentum Retail, Momentum Investments, Metropolitan Life, Momentum Corporate, Momentum Metropolitan Health, Guardrisk, Momentum Insure, Momentum Metropolitan Africa, India, and Shareholders segments. The company offers long and short-term insurance; employee benefits; asset management, property management, investments, and savings; health administration services, such as managed care and wellness services. It also provides insurance products, such as life, non-life, health, and annuities and structured products. The company operates under the Metropolitan, Momentum, Guardrisk, Eris, and other brands. The company was formerly known as Momentum Metropolitan Holdings Limited. Momentum Group Limited is headquartered in Centurion, South Africa.
MTM.JO passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Momentum Group (MTM.JO) undervalued?
Against our discounted cash flow estimate of R71.52, MTM.JO at R40.51 is 77% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is MTM.JO's P/E ratio?
MTM.JO trades at 9.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for MTM.JO, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.