Fairvalue-Calculator Fairvalue-Calculator
EN DE

Discovery Limited (DSBP) Fair Value & Analysis

Financial Services · ZA · Market cap 1.3B ZAC

DL Discovery Limited DSBP · JSE
PriceR132.78
Fair ValueR192.75
Upside+45.2%
Quality95/100
Evidence: High Range R144.56 – R240.93

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Jun 26, 2026 — revised from R182.34 to R192.75 (+5.7%) since Jun 24, 2026. Share price +5.6% over the past month.

Price vs Fair Value (12 months)

R140.92 R111.58 Fair Value R192.75 Jun 2025 Jun 2026

12‑month range R111.58 – R140.92 · fair‑value band R144.56 – R240.93 · the R132.78 price screens below the R192.75 fair value. As of Jun 26, 2026.

✦ Find undervalued quality stocks — 35,000+ analysed Find stocks →

Analysis

Discovery Limited (DSBP) currently trades at R132.78, while our model-based Fair Value estimate is R192.75 — implying the stock looks roughly 45.2% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Discovery Limited generated revenue of 91.1B ZAR at a net margin of 11.9%. Revenue grew 8.8% year over year. It earns a return on equity of 15.7%. Net debt stands at 1.6B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 91.1B ZAC
Revenue growth (YoY) +8.8%
Net margin 11.9%
Return on equity 15.7%
Free cash flow 6.7B ZAC FY2025
P/E ratio 18.2
More key figures
Operating margin 22.9%
EPS (TTM) R6.90
Dividend yield 0.0%
EPS growth (YoY) +28.1%
Net debt 1.6B ZAC FY2019

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

About the company

Discovery Limited provides various insurance products and services primarily in South Africa and the United Kingdom. It operates through SA Health, SA Life, SA Invest, SA Insure, SA Bank, UK Health, UK Life, and All Other segments. The company offers health, life, car, travel, business, and home insurance products; motor, building, household content, and portable possessions insurance products; private medical insurance products; and commercial short-term risk insurance products. It also provides pension and provident fund solutions; managed care services; financial solutions; investment products; retail banking solutions, including deposits and loans and advances; and Vitality, which offers health and lifestyle benefits. The company was formerly known as Discovery Holdings Limited and changed its name to Discovery Limited in December 2012. The company was founded in 1992 and is based in Sandton, South Africa.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Discovery Limited reported revenue of R81.9B in FY2025 versus R75.2B in FY2021, a compound +2.2%/yr. Reported net income was R9.6B in FY2025, compounding +31.3%/yr from FY2021.

Revenue +2.2%/yr
FY21 R75.2B
FY22 R66.4B
FY23 R84.8B
FY24 R88.4B
FY25 R81.9B
Net income +31.3%/yr
FY21 R3.2B
FY22 R5.5B
FY23 R5.3B
FY24 R7.6B
FY25 R9.6B

Open the full interactive analysis →

Similar stocks

6 more Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Ping An Insurance (Group) Company 601318 ¥53.48 ¥106.96 +100%
China Life Insurance Company 601628 ¥32.82 ¥65.64 +100%
AIA Group AAGIY $37.91 $30.44 -20%
Manulife Financial Corporation MFC $40.34 $76.10 +89%
China Pacific Insurance (Group) Co CHPXF $3.65 $5.65 +55%
Aflac Incorporated AFL $117.75 $93.12 -21%

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap Stocks

Frequently asked questions

Is Discovery Limited (DSBP) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R192.75 versus a price of R132.78 — about +45% (undervalued). Model-based estimate, not financial advice.
What is the fair value of DSBP?
Our 21-model fair value for Discovery Limited is R192.75 (as of Jun 26, 2026), built from audited fundamentals. The current price is R132.78.
What is the quality score of DSBP?
Discovery Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Discovery Limited (DSBP)?
Discovery Limited reported trailing-twelve-month revenue of about 91.1B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of DSBP?
The net profit margin of Discovery Limited is about 11.9%, meaning it keeps roughly 11.9% of revenue as net income. Based on the latest reported figures.
Does Discovery Limited pay a dividend?
Discovery Limited currently shows a dividend yield of about 0.02% 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.