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iOCO Limited (IOC) Fair Value & Analysis

Technology · ZA · Market cap 2.5B ZAR

IL iOCO Limited IOC · JSE
Price3.98 ZAR
Fair Value5.67 ZAR
Upside+42.5%
Quality93/100
Evidence: High Range 4.25 ZAR – 7.74 ZAR

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price −5.9% over the past month.

Price vs Fair Value (12 months)

4.66 ZAR 3.63 ZAR Fair Value 5.67 ZAR Jun 2025 Jun 2026

12‑month range 3.63 ZAR – 4.66 ZAR · fair‑value band 4.25 ZAR – 7.74 ZAR · the 3.98 ZAR price screens below the 5.67 ZAR fair value. As of Jun 26, 2026.

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Analysis

iOCO Limited (IOC) currently trades at 3.98 ZAR, while our model-based Fair Value estimate is 5.67 ZAR — implying the stock looks roughly 42.5% undervalued today. We read business quality at 93/100 (high 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 Jun 26, 2026

Key figures & financial health

Revenue (TTM) 5.7B ZAR
Revenue growth (YoY) +3.5%
Net margin 5.4%
Return on equity 41.3%
Free cash flow 401M ZAR FY2025
P/E ratio 8.3
More key figures
Operating margin 8.5%
EPS (TTM) 0.4800 ZAR
EPS growth (YoY) +47.4%
Net debt 710M ZAR FY2025

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

About the company

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.

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.

Revenue −3.6%/yr
FY21 6.5B ZAR
FY22 6.0B ZAR
FY23 6.2B ZAR
FY24 6.0B ZAR
FY25 5.6B ZAR
Net income
FY21 −280M ZAR
FY22 −117M ZAR
FY23 −57.6M ZAR
FY24 −65.9M ZAR
FY25 251M ZAR

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Similar stocks

6 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $301.77 $153.91 -49%
Accenture plc ACN $124.83 $250.14 +100%
Tata Consultancy Services Limited TCS ₹2,154 ₹2,580 +20%
Infosys Limited INFY ₹1,144 ₹1,305 +14%
Fujitsu Limited FJTSF $18.78 $24.50 +30%
HCL Technologies Limited HCLTECH ₹1,131 ₹2,568 +127%

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Frequently asked questions

Is iOCO Limited (IOC) undervalued?
As of Jun 26, 2026, our model estimates a fair value of 5.67 ZAR versus a price of 3.98 ZAR — about +42% (undervalued). Model-based estimate, not financial advice.
What is the fair value of IOC?
Our 21-model fair value for iOCO Limited is 5.67 ZAR (as of Jun 26, 2026), built from audited fundamentals. The current price is 3.98 ZAR.
What is the quality score of IOC?
iOCO Limited has a Quality Score of 93/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of iOCO Limited (IOC)?
iOCO Limited reported trailing-twelve-month revenue of about 5.7B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of IOC?
The net profit margin of iOCO Limited is about 5.4%, meaning it keeps roughly 5.4% of revenue as net income. Based on the latest reported figures.

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.