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Nampak Limited (NPK) Fair Value & Analysis

Consumer Cyclical · ZA · Market cap 3.9B ZAC

NL Nampak Limited NPK · JSE
PriceR440.00
Fair ValueR2,265
Upside+414.8%
Quality91/100
Evidence: Low Range R1,606 – R2,924

Fair value as of: Jun 26, 2026

From 24 valuation models · updated 3 days ago

Share price −8.7% over the past month.

Price vs Fair Value (12 months)

R552.30 R431.38 Fair Value R2,265 Jun 2025 Jun 2026

12‑month range R431.38 – R552.30 · fair‑value band R1,606 – R2,924 · the R440.00 price screens below the R2,265 fair value. As of Jun 26, 2026.

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Analysis

Nampak Limited (NPK) currently trades at R440.00, while our model-based Fair Value estimate is R2,265 — implying the stock looks roughly 414.8% undervalued today. We read business quality at 91/100 (high quality), in the Consumer Cyclical 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: low) — always confirm before acting.

Over the trailing twelve months, Nampak Limited generated revenue of 10.7B ZAR at a net margin of 9.0%. Revenue declined 1.0% year over year. It earns a return on equity of 44.9%. Net debt stands at 3.1B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 10.7B ZAC
Revenue growth (YoY) -1.0%
Net margin 9.0%
Return on equity 44.9%
Free cash flow 900M ZAC FY2025
P/E ratio 3.3
More key figures
Operating margin 10.3%
EPS (TTM) R139.83
EPS growth (YoY) -84.4%
Net debt 3.1B ZAC FY2025

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

About the company

Nampak Limited engages in the manufacture and sale of packaging products in South Africa and rest of Africa. The company offers beverage, food, and aerosol cans; and other metal packaging products. It also provides date/batch, small character ink jet, and large character ink jet coding; laser coding technologies; thermal transfer overprinting; thermal inkjet printing; marking, addressing, barcoding, and labelling solutions; metal detection; X-ray inspection; package integrity inspection/pressure or vacuum loss detection; and fume extraction systems. The company was incorporated in 1968 and is headquartered in Sandton, South Africa.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nampak Limited reported revenue of R10.7B in FY2025 versus R14.0B in FY2021, a compound −6.4%/yr. Reported net income was R3.5B in FY2025, compounding +74.1%/yr from FY2021.

Revenue −6.4%/yr
FY21 R14.0B
FY22 R16.9B
FY23 R16.3B
FY24 R10.0B
FY25 R10.7B
Net income +74.1%/yr
FY21 R377M
FY22 −R25.7M
FY23 −R4.0B
FY24 −R373M
FY25 R3.5B

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Similar stocks

6 more Packaging & Containers stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Smurfit Kappa Group SMFTF $44.20 $27.40 -38%
Smurfit Westrock Plc, SW $41.28 $40.96 -1%
Packaging Corporation PKG $216.64 $122.66 -43%
International Paper Company IP $33.83 $70.52 +108%
Amcor plc AMCR $37.64 $18.34 -51%
Ball Corporation B1LL34 R$146.83 R$18.44 -87%

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Frequently asked questions

Is Nampak Limited (NPK) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R2,265 versus a price of R440.00 — about +415% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NPK?
Our 21-model fair value for Nampak Limited is R2,265 (as of Jun 26, 2026), built from audited fundamentals. The current price is R440.00.
What is the quality score of NPK?
Nampak Limited has a Quality Score of 91/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Nampak Limited (NPK)?
Nampak Limited reported trailing-twelve-month revenue of about 10.7B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of NPK?
The net profit margin of Nampak Limited is about 9.0%, meaning it keeps roughly 9.0% 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.