RH Bophelo Ltd (RHB) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of RH Bophelo Ltd stock ZAR 2.40, price ZAR 1.20, upside +100.0%, quality 49 out of 100. Rating: strongly undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range R1.01 – R6.73 · fair‑value band R1.16 – R2.64 · the R1.20 price screens below the R2.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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RH Bophelo Limited, together with its subsdidiaries, invests in the healthcare and financial sector in South Africa.
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It is involved in investment of equity, quasi-equity, and equity related investments in operational infrastructure, health insurance, private hospital infrastructure, pharmaceuticals, retail and distribution, and healthcare technology.
The company was incorporated in 2016 and is based in Johannesburg, South Africa. RH Bophelo Limited operates as a subsidiary of Public Investment Corporation SOC Limited.
Stock analysis
RH Bophelo Ltd (RHB) currently trades at R1.20, while our model-based Fair Value estimate is R2.40, implying the stock looks roughly 50% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of R11.36 per share, and 6 of the 6 models we run sit above the R1.20 price.
Bear case: the Economic Profit group reads lowest at R9.83, and 0 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: R1.16 (bear) to R2.64 (bull), the price of R1.20 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
RH Bophelo Ltd reported revenue of 89.6M ZAR in FY2026 versus 31.8M ZAR in FY2022, a compound +29.6%/yr. Reported net income was 18.6M ZAR in FY2026, compounding −23.2%/yr from FY2022.
Key figures
Market cap 77.6M ZAR Micro · P/E ratio 4.1 · P/S ratio 1.45 · EPS (TTM) R0.2900 · Net margin 34.8% · Return on equity 1.7% · Return on assets (EBIT) 3.2% (5-year average) · Operating margin −38.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 34 out of 100 (low confidence).
What moves the price
The share trades about 47% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 100%, RHB screens cheaper than that median.
Fair Value models
BearR1.16Fair Value R2.40BullR2.64
Price R1.20 · Upside +100.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 8 months old). Earnings retained since then (0.2018 ZAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+124.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+31.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+43.4%
Start year 2021 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.0%
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What shareholders gained per year (last 5 years), in ZAR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in ZAR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−26.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.1%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1,167% → 30%
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 587 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Bottom 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (12 months)1.7% · Below median
Return on assets1.5% · Below median
Net margin (12 months)34.8% · Above median
Operating margin (12 months)−38.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−84.5% · Bottom 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is RH Bophelo Ltd (RHB) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of R2.40 versus the last price from Nov 2, 2026 of R1.20, about +100% upside (undervalued).
What is the fair value of RHB?
Our model-based fair value for RH Bophelo Ltd is R2.40 (as of Nov 7, 2026), built from audited fundamentals. Last price (from Nov 2, 2026): R1.20.
What is the quality score of RHB?
RH Bophelo Ltd has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for RH Bophelo Ltd (RHB)?
Our model-based price target is the fair value of R2.40 (as of Nov 7, 2026) from 6 valuation models. Cautious scenario R1.16, optimistic scenario R2.64. It is a calculation from audited fundamentals, not an analyst target.
What is the RH Bophelo Ltd stock forecast for 2026?
Our models put fair value at R2.40, about +100% upside versus the last price from Nov 2, 2026 of R1.20 (undervalued). Cautious scenario R1.16, optimistic scenario R2.64. The calculation is refreshed regularly with new filings.
What is the revenue of RH Bophelo Ltd (RHB)?
RH Bophelo Ltd reported trailing-twelve-month revenue of about 53.4M ZAR (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of RH Bophelo Ltd (RHB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RH Bophelo Ltd it is R2.40 per share (as of Nov 7, 2026), against a price of R1.20. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is RH Bophelo Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, RHB trades below its calculated fair value: price R1.20, fair value R2.40, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RHB?
No. The price is what the market pays today (R1.20); the fair value is what the company's own numbers justify (R2.40). For RH Bophelo Ltd the two are R1.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is RH Bophelo Ltd worth?
The market values RH Bophelo Ltd at about 77.6M ZAR (market capitalisation, as of Nov 7, 2026). Per share that is R1.20; our models calculate a fair value of R2.40 per share.
What do the bullish and bearish scenarios say about RHB?
Our models span a range for RH Bophelo Ltd: cautious scenario R1.16, base R2.40, optimistic R2.64 per share (as of Nov 7, 2026, price R1.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RHB?
RH Bophelo Ltd trades at a price-to-earnings ratio of 4.1 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R2.40 is built from several models across several years. Other multiples: P/B 0.1, P/S 1.5, EV/EBITDA 1.9.
How solid is the balance sheet of RH Bophelo Ltd (RHB)?
Balance-sheet figures for RH Bophelo Ltd (as of Nov 7, 2026): return on equity 1.7%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is RHB from its 52-week high?
RH Bophelo Ltd trades at R1.20, about 47% below its 52-week high of R2.25 and at the low of R1.20 (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of R2.40 is for.
Which stocks are comparable to RH Bophelo Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is RH Bophelo Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price R1.20, calculated fair value R2.40 (+100%), Quality Score 49/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RHB calculated?
We run RH Bophelo Ltd through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of R2.40 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. RH Bophelo Ltd currently trades 50% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of RH Bophelo Ltd (RHB)?
The latest price we hold is from Nov 2, 2026 and stands at R1.20. Our model-based fair value is R2.40, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RH Bophelo Ltd right now?
The large discount to fair value meets weak quality (49/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (R1.16 to R2.64) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of RH Bophelo Ltd
How large is the market capitalisation of RH Bophelo Ltd (RHB)?
The market capitalisation of RH Bophelo Ltd is 77.6M ZAR. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of RH Bophelo Ltd (RHB)?
The price-to-sales ratio of RH Bophelo Ltd is 1.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of RH Bophelo Ltd (RHB)?
Earnings per share at RH Bophelo Ltd are R0.2900 (price ÷ EPS = P/E 4.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of RH Bophelo Ltd (RHB)?
The net margin of RH Bophelo Ltd is 34.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of RH Bophelo Ltd (RHB)?
The return on equity (ROE) of RH Bophelo Ltd is 1.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of RH Bophelo Ltd (RHB)?
On an EBIT basis the return on assets of RH Bophelo Ltd is 3.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of RH Bophelo Ltd (RHB)?
The operating margin of RH Bophelo Ltd is −38.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at RH Bophelo Ltd (RHB)?
Revenue at RH Bophelo Ltd is growing −84.5% versus a year earlier (3y avg +31.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at RH Bophelo Ltd (RHB)?
Earnings per share at RH Bophelo Ltd are growing −0.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does RH Bophelo Ltd (RHB) generate?
The free cash flow of RH Bophelo Ltd is −16.5M ZAR (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does RH Bophelo Ltd (RHB) carry?
The net debt of RH Bophelo Ltd is 516K ZAR (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026