iOCO Limited (IOC) Fair Value & Analysis
Technology · ZA · Market cap 2.5B ZAR
Fair value as of: Jul 16, 2026
From 26 valuation models · updated 22 days ago
Fair value updated Jul 16, 2026, revised from 5.67 ZAR to 11.34 ZAR (+100.0%) since Jun 26, 2026. Share price +2.2% over the past month.
A solid business, screening 187% undervalued on our models.
What matters now
- The price is below even our cautious bear case (7.71 ZAR). The market is more pessimistic than our downside scenario.
- Solid quality (55/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (7.71 ZAR to 14.18 ZAR) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range 0.9899 ZAR – 4.71 ZAR · fair‑value band 7.71 ZAR – 14.18 ZAR · the 3.95 ZAR price screens below the 11.34 ZAR fair value. Dashed = 300-day average. As of Jul 16, 2026.
Analysis
iOCO Limited (IOC) currently trades at 3.95 ZAR, while our model-based Fair Value estimate is 11.34 ZAR, implying the stock looks roughly 187.1% undervalued today. We read business quality at 55/100 (solid quality), in the Technology 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, iOCO Limited generated revenue of 5.7B ZAR at a net margin of 5.4%. Revenue grew 3.5% year over year. It earns a return on equity of 41.3%. Net debt stands at 710M ZAR. Fundamentals as of Jul 16, 2026
Our scenario range runs from 7.71 ZAR (bear case) to 14.18 ZAR (bull case); at 3.95 ZAR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 187%, IOC screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth DCF (9.95 ZAR) versus Asset-Based (0.7800 ZAR). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 54 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
iOCO Limited provides information and communications technology services in Africa, the United Kingdom, Europe, and the Middle East.
Full company description
iOCO Limited provides information and communications technology services in Africa, the United Kingdom, Europe, and the Middle East. It offers advisory; agile; artificial intelligence; automation; cloud and cyber security; data; enterprise resource planning; financial performance management; managed services; software testing; security and building management; and software and development services. The company also provides ExposeIT app that helps for root out corruption and wrongdoing in the organizations. It serves mining, financial, manufacturing, public sector, and telecommunication industries. The company was formerly known as EOH Holdings Limited and changed its name to iOCO Limited in December 2024. iOCO Limited was incorporated in 1998 and is based in Midrand, South Africa.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
iOCO Limited reported revenue of 5.6B ZAR in FY2025 versus 6.5B ZAR in FY2021, a compound −3.6%/yr. Reported net income was 251M ZAR in FY2025.
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Peer Group
Information Technology Services · 482 stocks
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.
Valuation Multiples vs Information Technology Services median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.92 | $143.90 | -39% |
| Accenture plc ACNN | 2,460 MXN | 250.95 MXN | -90% |
| Infosys Limited INFY | ₹1,156 | ₹1,457 | +26% |
| HCL Technologies Limited HCLTECH | ₹1,204 | ₹1,230 | +2% |
| Wipro Limited WIPRO | ₹178.43 | ₹226.81 | +27% |
| Tech Mahindra Limited TECHM | ₹1,455 | ₹1,086 | -25% |
| Samsung SDS Co 018260 | 199,300 KRW | 196,390 KRW | -1% |
| Persistent Systems Limited PERSISTENT | ₹5,059 | ₹2,364 | -53% |
| Hyundai Autoever Corporation 307950 | 393,000 KRW | 133,088 KRW | -66% |
| Coforge Limited COFORGE | ₹1,541 | ₹702.84 | -54% |
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Frequently asked questions
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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.
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