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Choppies Enterprises Limited (CHP) Fair Value & Analysis

Consumer Defensive · ZA · Market cap 2.6B ZAC

CE Choppies Enterprises Limited CHP · JSE
PriceR1.59
Fair ValueR1.12
Upside-29.6%
Quality89/100
Evidence: Medium Range R0.8400 – R1.40

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price −11.0% over the past month.

Price vs Fair Value (12 months)

R8.72 R1.35 Fair Value R1.12 Jun 2025 Jun 2026

12‑month range R1.35 – R8.72 · fair‑value band R0.8400 – R1.40 · the R1.59 price screens above the R1.12 fair value. As of Jun 26, 2026.

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Analysis

Choppies Enterprises Limited (CHP) currently trades at R1.59, while our model-based Fair Value estimate is R1.12 — implying the stock looks roughly 29.6% overvalued today. We read business quality at 89/100 (high quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Over the trailing twelve months, Choppies Enterprises Limited generated revenue of 9.5B ZAR at a net margin of 1.0%. Revenue grew 8.9% year over year. It earns a return on equity of 45.2%. Net debt stands at 1.1B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 9.5B ZAC
Revenue growth (YoY) +8.9%
Net margin 1.0%
Return on equity 45.2%
Free cash flow 453M ZAC FY2025
P/E ratio 17.8
More key figures
Operating margin 2.6%
EPS (TTM) R0.0800
Dividend yield 0.0%
EPS growth (YoY) -6.7%
Net debt 1.1B ZAC FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Choppies Enterprises Limited operates a chain of supermarkets in Botswana, Zambia, and Namibia. The company operates through Botswana; Namibia; Zambia; Liquorama; and Rest of Choppies segments. It offers fast-moving consumer goods; engages in retail and wholesale of liquor; and milling and manufacturing of tissue and bottled water, as well as hardware retail business. The company's stores offer fresh, frozen, canned, dry foods, snacks, ethnic specialties, health and beauty care, household, as well as laundry and tobacco products, and other general merchandise. It also provides value-added financial services. The company operates all its stores under the Choppies brand name. Choppies Enterprises Limited was founded in 1986 and is based in Gaborone, Botswana.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Choppies Enterprises Limited reported revenue of R9.1B in FY2025 versus R5.3B in FY2021, a compound +14.3%/yr. Reported net income was R97.0M in FY2025, compounding +8.9%/yr from FY2021.

Revenue +14.3%/yr
FY21 R5.3B
FY22 R6.0B
FY23 R6.4B
FY24 R8.5B
FY25 R9.1B
Net income +8.9%/yr
FY21 R69.0M
FY22 R140M
FY23 R147M
FY24 R138M
FY25 R97.0M

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Loblaw Companies Limited LOBLY $11.28 $8.07 -28%
The Kroger Co KR $64.46 $26.18 -59%
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Tesco PLC TSCDF $5.94 $7.90 +33%
Woolworths Group WOW A$35.69 A$12.52 -65%

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Frequently asked questions

Is Choppies Enterprises Limited (CHP) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R1.12 versus a price of R1.59 — about −30% (overvalued). Model-based estimate, not financial advice.
What is the fair value of CHP?
Our 21-model fair value for Choppies Enterprises Limited is R1.12 (as of Jun 26, 2026), built from audited fundamentals. The current price is R1.59.
What is the quality score of CHP?
Choppies Enterprises Limited has a Quality Score of 89/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Choppies Enterprises Limited (CHP)?
Choppies Enterprises Limited reported trailing-twelve-month revenue of about 9.5B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of CHP?
The net profit margin of Choppies Enterprises Limited is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. Based on the latest reported figures.
Does Choppies Enterprises Limited pay a dividend?
Choppies Enterprises Limited currently shows a dividend yield of about 0.01% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.