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Karooooo Ltd (KRO) Fair Value & Analysis

Technology · ZA · Market cap 24.3B ZAC

KL Karooooo Ltd KRO · JSE
PriceR800.00
Fair ValueR643.45
Upside-19.6%
Quality96/100
Evidence: High Range R482.59 – R1,073

Fair value as of: Jun 26, 2026

From 25 valuation models · updated 3 days ago

Share price +0.5% over the past month.

Price vs Fair Value (12 months)

R978.64 R699.52 Fair Value R643.45 Jun 2025 Jun 2026

12‑month range R699.52 – R978.64 · fair‑value band R482.59 – R1,073 · the R800.00 price screens above the R643.45 fair value. As of Jun 26, 2026.

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Analysis

Karooooo Ltd (KRO) currently trades at R800.00, while our model-based Fair Value estimate is R643.45 — implying the stock looks roughly 19.6% overvalued today. We read business quality at 96/100 (high quality), in the Technology 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: high).

Over the trailing twelve months, Karooooo Ltd generated revenue of 5.5B ZAR at a net margin of 18.1%. Revenue grew 18.8% year over year. It earns a return on equity of 30.8%. Net debt stands at 832M ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 5.5B ZAC
Revenue growth (YoY) +18.8%
Net margin 18.1%
Return on equity 30.8%
Free cash flow 2.0B ZAC FY2026
P/E ratio 24.4
More key figures
Operating margin 23.3%
EPS (TTM) R32.18
EPS growth (YoY) -11.4%
Net debt 832M ZAC FY2021

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

About the company

Karooooo Ltd. provides software applications for fleet management, mobile asset tracking, workforce management, and video solutions in South Africa, the rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. It operates through Cartrack, Carzuka, and Karooooo Logistics segments. The company offers Cartrack, a mobility SaaS cloud that provides systems integration, fleet management and administration, field worker management, video-based safety, risk mitigation and compliance, delivery management, and reporting solutions; and Karooooo Logistics, a software application for management of last-mile delivery and general operational logistics. It also provides physical and e-commerce vehicle buying and selling marketplace. The company serves consumers and sole proprietors, small and medium-sized businesses, and large enterprises. Karooooo Ltd. was founded in 2001 and is headquartered in Singapore.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Karooooo Ltd reported revenue of R5.5B in FY2026 versus R2.7B in FY2022, a compound +18.8%/yr. Reported net income was R994M in FY2026, compounding +21.9%/yr from FY2022.

Revenue +18.8%/yr
FY22 R2.7B
FY23 R3.5B
FY24 R4.2B
FY25 R4.6B
FY26 R5.5B
Net income +21.9%/yr
FY22 R450M
FY23 R597M
FY24 R738M
FY25 R921M
FY26 R994M

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Frequently asked questions

Is Karooooo Ltd (KRO) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R643.45 versus a price of R800.00 — about −20% (overvalued). Model-based estimate, not financial advice.
What is the fair value of KRO?
Our 21-model fair value for Karooooo Ltd is R643.45 (as of Jun 26, 2026), built from audited fundamentals. The current price is R800.00.
What is the quality score of KRO?
Karooooo Ltd has a Quality Score of 96/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Karooooo Ltd (KRO)?
Karooooo Ltd reported trailing-twelve-month revenue of about 5.5B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of KRO?
The net profit margin of Karooooo Ltd is about 18.1%, meaning it keeps roughly 18.1% 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.