Naspers (NPN.JO)

Technology · JSE · South Africa

R877.48+1.69% today

Fundamentals

Market capR647.92B

P/E ratio8.5

Dividend yield0.59%

Revenue growth (YoY)+18.0%

Profit margin45.8%

Return on equity22.1%

52-week rangeR785.78 to R1,311.44

Next earnings2026-06-29

Valuation and ratings

DCF fair valueR5,100.00

Upside to fair value+481.2%

Analyst target (mean)R1,252.90

Analyst rangeR835.40 to R1,622.41

Analysts covering10

Consensus viewstrong buy

Moat score74/100

Overall rating68/100, Buy

Naspers trades at R877.48, which is 481% below the R5,100.00 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 74 out of 100, which is a wide moat. 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 8.5 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 Naspers

Naspers Limited operates as a consumer internet company in Africa, Asia, Europe, and internationally. The company operates internet platforms, such as classifieds, an online classifieds platform; Payments and Fintech, a mobile and online payment platform; Food Delivery, an online food ordering and delivery platforms; Edtech, an online educational technology platform; social and internet platforms; health; and Etail and other e-commerce platforms. It engages in printing, distribution, circulation, and publishing of newspapers, magazines, and books. Naspers Limited was incorporated in 1915 and is headquartered in Cape Town, South Africa.

Industry: Internet RetailEmployees: 45,780HQ: South Africa

NPN.JO passes 6 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Undervalued on cash flow

Companies trading at least 25% below what our discounted cash flow model says the future cash is worth today.

Quality at a fair price

Good businesses, not cheap ones. A wide moat and a strong rating, at a multiple that has not run away.

Deep value, with a pulse

A very low earnings multiple is usually a warning. This screen demands a low multiple AND evidence the business still works.

High return on equity, low debt

A high ROE is easy to fake with borrowing. This screen demands the return without the leverage, which is a much shorter list.

High margin machines

Companies that keep an unusually large share of every pound they sell. That is pricing power made visible.

Growth at a reasonable price

Real growth, without the multiple that usually comes attached to it. The middle ground between value and growth, and the hardest place to find anything.

Common questions

Is Naspers (NPN.JO) undervalued?

Against our discounted cash flow estimate of R5,100.00, NPN.JO at R877.48 is 481% 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 NPN.JO's P/E ratio?

NPN.JO trades at 8.5 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 NPN.JO, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.

Open NPN.JO in the app Free guides and screens

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.