EN DE
Watch South Ocean Holdings Ltd for free: we tell you when fair value or trend changes.
Data-driven stock valuation

South Ocean Holdings Ltd (SOH) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of South Ocean Holdings Ltd stock ZAR 1.11, price ZAR 1.00, upside +11.0%, quality 45 out of 100. Rating: fairly valued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Industrials ZA · ISIN ZAE000092748

SO South Ocean Holdings Ltd logo Thin data Nov 4, 2026

South Ocean Holdings Ltd

SOH · JSE
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Costs just 2.3 times its yearly profit.
Fair value R1.11 · Fairly valued
Quality 45/100
Expensive Growth (revenue 5y +7.5 %/yr in ZAR)
Thin margins · 0.9% net margin (TTM)
Mixed vs. peers (5/11)
Negative free cash flow
Narrow moat 24/100 · thin data
Thin data
⚠ Thinly traded
Watch South Ocean Holdings Ltd for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

R2.85 R0.5400 Fair Value R1.11 Apr 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range R0.5400 – R2.85 · fair‑value band R0.5500 – R1.67 · the R1.00 price screens below the R1.11 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 4, 2026.

Follow South Ocean Holdings in your weekly email

Every Wednesday you see whether South Ocean Holdings is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

South Ocean Holdings Limited, an investment holding company, manufactures and distributes electrical wires in South Africa.

Show moreShow less

The company offers bare copper earth wires, general purpose house wires, flat-twin and earth cables, surface wiring products, twin illumination cables, cabtyres, single core flex, solid panel wires, flex power products, ripcord, mains cord, submersible pump cables, nitrile trailing cables, and PVC nitrile welding cables.

It also provides flame retardant armoured cables, low halogen armoured cables, armoured cables, single core double PVC cables, single core double PVC and AWA PVC cables, aluminum conductors, aluminum conductor steel reinforced, low-voltage aerial bundle conductors, and conduit pipes.

In addition, it is involved in electrical wire manufacturing; manufacturing compounding material; and anchor park investments. It sells its products to wholesalers and distributors who supply the building and construction industries.

South Ocean Holdings Limited was founded in 1989 and is based in Alrode, South Africa.

Stock analysis

South Ocean Holdings Ltd (SOH) currently trades at R1.00, while our model-based Fair Value estimate is R1.11, so the stock looks roughly fairly valued today (gap 9.9%).

Show more

Valuation

How firm this estimate is: it rests on 2 models at a data quality of 90/100, which puts the data coverage at low.

Scenario range: R0.5500 (bear) to R1.67 (bull), the price of R1.00 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 45/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

South Ocean Holdings Ltd reported revenue of 2.5B ZAR in FY2025 versus 2.0B ZAR in FY2021, a compound +5.7%/yr. Reported net income was −15.3M ZAR in FY2025.

Key figures

Market cap 203M ZAR Micro · P/E ratio 2.3 · P/S ratio 0.05 · EPS (TTM) R0.4300 · Dividend yield 7.2% · Net margin −0.6% · Return on equity 4.0% · Return on assets (EBIT) 8.1% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).

What moves the price

The share trades about 41% below its 52-week high and 85% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 11%, SOH screens cheaper than that median.

Fair Value models

Bear R0.5500 Fair Value R1.11 Bull R1.67
Price R1.00 · Upside +11.0%
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 2025 figures (about 10 months old). Earnings retained since then (0.3699 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.
Best data coverage
EV/EBITDA R0.5500 R1.11 R1.67 64
NCAV (Graham) R1.10 R1.67 R2.08 55
All 2 models by family
Multiples
EV/EBITDA R0.5500 R1.11 R1.67 64
Asset-Based
NCAV (Graham) R1.10 R1.67 R2.08 55

Open the full fair value analysis →

Quality Score breakdown

Overall quality 45/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 28
How much profit the company makes from its sales and capital
Quality Growth 13
Are margins and returns getting better?
Cashflow 35
Do the profits arrive as real cash?
Financial strength 59
Debt, balance sheet and risk of trouble
Investment 61
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 19
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 19
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 37/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−2.6%
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.
+10.1%
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.
+7.5%
Start year 2020 (pandemic). Over 10 years: +4.2% a year
Revenue growth 19 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.
+9.3%
Profit margin (trend) ⓘ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.
2.2% (2020) → −0.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Watch SOH, get fair value alerts →

Compare South Ocean Holdings Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

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.Electrical Equipment & Parts · 567 stocks

Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 45 · Below median
Fair Value upside +11.0% · Top 25%
Profitability
Return on equity (12 months) 4.0% · Below median
Return on assets −1.1% · Bottom 25%
Net margin (12 months) 0.9% · Below median
Operating margin (12 months) 2.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 30.1% · Above median
Dividend yield (12 months) 7.2% · Top 25%
Balance sheet
Debt / equity 0.15× · Above median

Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper

P/E (12 months) 2.3× · Cheapest 25%
EV/EBITDA 1.7× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)48 · sector 0
FUTURE (revenue growth)100 · sector 66
PAST (return on equity)16 · sector 25
HEALTH (low debt)93 · sector 97
DIVIDEND (yield)100 · sector 24

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Contemporary Amperex Technology Co 300750 ¥248.64 ¥648.35 +161% vs SOH
Sungrow Power Supply Co 300274 ¥77.85 ¥182.32 +134% vs SOH
NARI Technology Co 600406 ¥23.68 ¥29.39 +24% vs SOH
Vertiv Holdings VRT $182.86 $178.64 −2% vs SOH
Legrand SA LR €133.95 €82.49 −38% vs SOH
Prysmian S.p.A PRY €107.00 €64.29 −40% vs SOH
ABB Ltd ABBN CHF 68.60 CHF 29.62 −57% vs SOH
Samsung SDI Co 006400 415,000 KRW 153,766 KRW −63% vs SOH
Delta Electronics (Thailand) Public Company DELTA 182.00 THB 39.14 THB −78% vs SOH
LG Energy Solution, Ltd 373220 318,000 KRW 53,325 KRW −83% vs SOH

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Extrinsic Value Calculator…Free calculator Peter Lynch Fair Value Formula &…Free calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

South Ocean Holdings Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "South Ocean Holdings Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SOH

Frequently asked questions

Is South Ocean Holdings Ltd (SOH) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of R1.11 versus a price of R1.00, about +11% upside (fairly valued).
What is the fair value of SOH?
Our model-based fair value for South Ocean Holdings Ltd is R1.11 (as of Nov 4, 2026), built from audited fundamentals. The current price: R1.00.
What is the quality score of SOH?
South Ocean Holdings Ltd has a Quality Score of 45/100. 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 South Ocean Holdings Ltd (SOH)?
Our model-based price target is the fair value of R1.11 (as of Nov 4, 2026) from 2 valuation models. Cautious scenario R0.5500, optimistic scenario R1.67. It is a calculation from audited fundamentals, not an analyst target.
What is the South Ocean Holdings Ltd stock forecast for 2026?
Our models put fair value at R1.11, about +11% upside versus a price of R1.00 (fairly valued). Cautious scenario R0.5500, optimistic scenario R1.67. The calculation is refreshed regularly with new filings.
What is the revenue of South Ocean Holdings Ltd (SOH)?
South Ocean Holdings Ltd reported trailing-twelve-month revenue of about 2.9B ZAR (latest available figure, as of Nov 4, 2026).
Does South Ocean Holdings Ltd pay a dividend?
South Ocean Holdings Ltd currently shows a dividend yield of 7.24% relative to its recent price (as of Nov 4, 2026).
How much is the dividend of South Ocean Holdings Ltd (SOH)?
South Ocean Holdings Ltd has a dividend yield of 7.2%.
What is the intrinsic value of South Ocean Holdings Ltd (SOH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For South Ocean Holdings Ltd it is R1.11 per share (as of Nov 4, 2026), against a price of R1.00. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is South Ocean Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, SOH trades below its calculated fair value: price R1.00, fair value R1.11, a gap of about +11% (fairly valued). 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 SOH?
No. The price is what the market pays today (R1.00); the fair value is what the company's own numbers justify (R1.11). For South Ocean Holdings Ltd the two are R0.1100 per share apart. That gap is exactly why we show both numbers side by side.
How much is South Ocean Holdings Ltd worth?
The market values South Ocean Holdings Ltd at about 203M ZAR (market capitalisation, as of Nov 4, 2026). Per share that is R1.00; our models calculate a fair value of R1.11 per share.
What do the bullish and bearish scenarios say about SOH?
Our models span a range for South Ocean Holdings Ltd: cautious scenario R0.5500, base R1.11, optimistic R1.67 per share (as of Nov 4, 2026, price R1.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SOH?
South Ocean Holdings Ltd trades at a price-to-earnings ratio of 2.3 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R1.11 is built from several models across several years. Other multiples: EV/EBITDA 1.7.
How solid is the balance sheet of South Ocean Holdings Ltd (SOH)?
Balance-sheet figures for South Ocean Holdings Ltd (as of Nov 4, 2026): return on equity 4.0%, debt of 0.15 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is SOH from its 52-week high?
South Ocean Holdings Ltd trades at R1.00, about 41% below its 52-week high of R1.70 and 85% above the low of R0.5400 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of R1.11 is for.
Which stocks are comparable to South Ocean Holdings Ltd?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 South Ocean Holdings Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price R1.00, calculated fair value R1.11 (+11%), Quality Score 45/100, from 2 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 SOH calculated?
We run South Ocean Holdings Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of R1.11 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 13.7% above its aggregate fair value. South Ocean Holdings Ltd currently trades 10% 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 South Ocean Holdings Ltd (SOH)?
The closing price on Nov 6, 2026 was R1.00. Our model-based fair value is R1.11, about +11% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with South Ocean Holdings Ltd right now?
The model range is unusually wide (R0.5500 to R1.67). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of South Ocean Holdings Ltd

How large is the market capitalisation of South Ocean Holdings Ltd (SOH)?
The market capitalisation of South Ocean Holdings Ltd is 203M 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 South Ocean Holdings Ltd (SOH)?
The price-to-sales ratio of South Ocean Holdings Ltd is 0.05 (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 South Ocean Holdings Ltd (SOH)?
Earnings per share at South Ocean Holdings Ltd are R0.4300 (price ÷ EPS = P/E 2.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of South Ocean Holdings Ltd (SOH)?
The dividend yield of South Ocean Holdings Ltd is 7.2% (payout 16.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of South Ocean Holdings Ltd (SOH)?
The net margin of South Ocean Holdings Ltd is −0.6% (fiscal year 2025). 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 South Ocean Holdings Ltd (SOH)?
The return on equity (ROE) of South Ocean Holdings Ltd is 4.0% (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 South Ocean Holdings Ltd (SOH)?
On an EBIT basis the return on assets of South Ocean Holdings Ltd is 8.1% (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 South Ocean Holdings Ltd (SOH)?
The operating margin of South Ocean Holdings Ltd is 2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at South Ocean Holdings Ltd (SOH)?
Revenue at South Ocean Holdings Ltd is growing +30.1% versus a year earlier (3y avg +10.1%). 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 South Ocean Holdings Ltd (SOH)?
Earnings per share at South Ocean Holdings Ltd are growing −10.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does South Ocean Holdings Ltd (SOH) generate?
The free cash flow of South Ocean Holdings Ltd is −122M ZAR (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does South Ocean Holdings Ltd (SOH) carry?
The net debt of South Ocean Holdings Ltd is 231M ZAR (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed

Watch South Ocean Holdings Ltd in the live analysis

One click puts South Ocean Holdings Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.