Brikor Ltd (BIK) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Brikor Ltd stock ZAR 0.16, price ZAR 0.17, that is 5.9% below the price, quality 44 out of 100. Rating: fairly valued. Calculated from audited financials with 11 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 4, 2026.
How to read this chart
60‑month range R0.0010 – R0.9800 · fair‑value band R0.1200 – R0.2400 · the R0.1700 price screens above the R0.1600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Brikor Limited, together with its subsidiaries, manufactures and supplies building and construction materials in the Republic of South Africa. It operates through Bricks and Coal segments.
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The company offers clay bricks, clay minerals, and related ancillary products that include bricks pallets and wrapping for housing, residential, commercial, industrial, civil engineering, and infrastructure projects. It also provides coal minerals and related transportation services.
The company was founded in 1994 and is based in Nigel, South Africa. Brikor Limited operates as a subsidiary of Nikkel Trading 392 (Proprietary) Limited.
Stock analysis
Brikor Ltd (BIK) currently trades at R0.1700, while our model-based Fair Value estimate is R0.1600, so the stock looks roughly fairly valued today (gap 6.3%).
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Valuation
Bull case: the Multiples group reads highest at a median of R0.1000 per share, and 1 of the 11 models we run sit above the R0.1700 price.
Bear case: the Growth DCF group reads lowest at R0.0750, and 10 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: R0.1200 (bear) to R0.2400 (bull), the price of R0.1700 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 44/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Brikor Ltd reported revenue of 318M ZAR in FY2026 versus 273M ZAR in FY2022, a compound +3.9%/yr. Reported net income was −9.9M ZAR in FY2026.
Key figures
Market cap 140M ZAR Micro · P/S ratio 0.41 · EPS (TTM) R−0.0100 · Net margin −3.1% · Return on equity −8.2% · Return on assets (EBIT) 1.7% (5-year average) · Operating margin 8.4% · Revenue (TTM) 318M ZAR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 750% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −6%, BIK screens cheaper than that median.
Fair Value models
BearR0.1200Fair Value R0.1600BullR0.2400
Price R0.1700 · Downside -5.9%
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.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
FCF DCFR0.0600R0.0700R0.090082
Growth DCFR0.0600R0.0700R0.090080
Owner EarningsR0.1500R0.1800R0.230078
All 11 models by family
DCF Models
FCF DCFR0.0600R0.0700R0.090082
Owner EarningsR0.1500R0.1800R0.230078
5Y Revenue ExitR0.0600R0.0800R0.120072
5Y EBITDA ExitR0.0700R0.1100R0.150075
10Y Revenue ExitR0.0500R0.0800R0.100067
10Y EBITDA ExitR0.0600R0.0900R0.120069
Multiples
EV/EBITDAR0.0900R0.1200R0.160067
EV/RevenueR0.0500R0.0800R0.110053
Asset-Based
NCAV (Graham)R0.0600R0.0800R0.120054
Growth DCF
Growth DCFR0.0600R0.0700R0.090080
Rev-Margin DCFR0.0600R0.0800R0.110073
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.33/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−16.6%
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.
+0.6%
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.
+4.3%
Start year 2021 (pandemic). Over 10 years: +0.0% a year
Revenue growth 18 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.
+0.1%
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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.
7.1% (2021) → −3.9% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Africa: IMF forecast 3.3% a year to 2030, 4.9% from 2016 to 2025) that is about +18.8% a year for the price.
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.Building Materials · 257 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−5.9% · Below median
Profitability
Return on assets−3.2% · Bottom 25%
Net margin (12 months)−3.1% · Bottom 25%
Operating margin (12 months)8.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)−5.3% · Below median
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Building Materials median · lower = cheaper
P/B1.37× · Pricier than median
P/S (12 months)0.44× · Cheapest 25%
Price / free cash flow (fiscal year)22.6× · Pricier than median
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Cite: Fair Value Calculator (2026). "Brikor Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BIK
Frequently asked questions
Is Brikor Ltd (BIK) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of R0.1600 versus a price of R0.1700, about 6% lower (fairly valued).
What is the fair value of BIK?
Our model-based fair value for Brikor Ltd is R0.1600 (as of Nov 4, 2026), built from audited fundamentals. The current price: R0.1700.
What is the quality score of BIK?
Brikor Ltd has a Quality Score of 44/100. 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 Brikor Ltd (BIK)?
Our model-based price target is the fair value of R0.1600 (as of Nov 4, 2026) from 11 valuation models. Cautious scenario R0.1200, optimistic scenario R0.2400. It is a calculation from audited fundamentals, not an analyst target.
What is the Brikor Ltd stock forecast for 2026?
Our models put fair value at R0.1600, about 6% lower versus a price of R0.1700 (fairly valued). Cautious scenario R0.1200, optimistic scenario R0.2400. The calculation is refreshed regularly with new filings.
What is the revenue of Brikor Ltd (BIK)?
Brikor Ltd reported trailing-twelve-month revenue of about 318M ZAR (latest available figure, as of Nov 4, 2026).
What growth is priced into Brikor Ltd (BIK)?
For today's price to be fair in a discounted-cash-flow model, Brikor Ltd would have to grow free cash flow by +22.7 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.3 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of BIK use?
Our models discount Brikor Ltd at 13.4 %: a base by market capitalisation (nano), country premium for South Africa. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Brikor Ltd that is +22.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has Brikor Ltd (BIK) delivered so far?
Over the past 5 years revenue at Brikor Ltd grew +4.3 % a year. The price currently implies free-cash-flow growth of +22.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Brikor Ltd (BIK) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Brikor Ltd (+22.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Brikor Ltd (BIK)?
The free-cash-flow yield on the price is 4.43 %: that much free cash flow Brikor Ltd produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Brikor Ltd (BIK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Brikor Ltd it is R0.1600 per share (as of Nov 4, 2026), against a price of R0.1700. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Brikor Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, BIK trades above its calculated fair value: price R0.1700, fair value R0.1600, a gap of about −6% (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 BIK?
No. The price is what the market pays today (R0.1700); the fair value is what the company's own numbers justify (R0.1600). For Brikor Ltd the two are R0.0100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Brikor Ltd worth?
The market values Brikor Ltd at about 140M ZAR (market capitalisation, as of Nov 4, 2026). Per share that is R0.1700; our models calculate a fair value of R0.1600 per share.
What do the bullish and bearish scenarios say about BIK?
Our models span a range for Brikor Ltd: cautious scenario R0.1200, base R0.1600, optimistic R0.2400 per share (as of Nov 4, 2026, price R0.1700). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Brikor Ltd (BIK)?
Balance-sheet figures for Brikor Ltd (as of Nov 4, 2026): return on equity −8.2%, debt of 0.07 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is BIK from its 52-week high?
Brikor Ltd trades at R0.1700, at its 52-week high of R0.1700 and 750% above the low of R0.0200 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of R0.1600 is for.
Which stocks are comparable to Brikor Ltd?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials 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 Brikor Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price R0.1700, calculated fair value R0.1600 (−6%), Quality Score 44/100, from 11 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 BIK calculated?
We run Brikor Ltd through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of R0.1600 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. Brikor Ltd itself currently trades above fair value. 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 Brikor Ltd (BIK)?
The closing price on Nov 9, 2026 was R0.1700. Our model-based fair value is R0.1600, about 6% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Brikor Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (R0.1200 to R0.2400) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Brikor Ltd
How large is the market capitalisation of Brikor Ltd (BIK)?
The market capitalisation of Brikor Ltd is 140M 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 Brikor Ltd (BIK)?
The price-to-sales ratio of Brikor Ltd is 0.41 (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 Brikor Ltd (BIK)?
Earnings per share at Brikor Ltd are R−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Brikor Ltd (BIK)?
The net margin of Brikor Ltd is −3.1% (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 Brikor Ltd (BIK)?
The return on equity (ROE) of Brikor Ltd is −8.2% (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 Brikor Ltd (BIK)?
On an EBIT basis the return on assets of Brikor Ltd is 1.7% (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 Brikor Ltd (BIK)?
The operating margin of Brikor Ltd is 8.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Brikor Ltd (BIK)?
Revenue at Brikor Ltd is growing −5.3% versus a year earlier (3y avg +0.6%). 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 Brikor Ltd (BIK)?
Earnings per share at Brikor Ltd are growing −63.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Brikor Ltd (BIK) carry?
The net debt of Brikor Ltd is 16.9M ZAR (fiscal year 2026, ≈ 2.7 yrs of FCF). 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 4, 2026