CHANNEL VAS INV LTD (OPA) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of CHANNEL VAS INV LTD ZAR 6.20, price ZAR 15.03, upside -58.8%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.
How to read this chart
8‑month range 13.21 ZAR – 22.46 ZAR · fair‑value band 4.17 ZAR – 9.39 ZAR · the 15.03 ZAR price screens above the 6.20 ZAR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 24, 2026.
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Channel Vas Investments Limited, together with its subsidiaries, analytics technology services to fintech sector in Africa, the Middle East, Europe, and Asia. The company offers micro financing and airtime credit solutions. It also provides data monetization solutions, mobile financial services, and customization and licensing services.
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Channel Vas Investments Limited, together with its subsidiaries, analytics technology services to fintech sector in Africa, the Middle East, Europe, and Asia. The company offers micro financing and airtime credit solutions. It also provides data monetization solutions, mobile financial services, and customization and licensing services. The company operates through a network of distribution partners, including mobile network operators and financial institutions. Channel Vas Investments Limited was incorporated in 2012 and is headquartered in Dubai, United Arab Emirates.
Stock analysis
CHANNEL VAS INV LTD (OPA) currently trades at 15.03 ZAR, while our model-based Fair Value estimate is 6.20 ZAR, implying the stock looks roughly 142.4% overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 1.10 ZAR per share, and 0 of the 13 models we run sit above the 15.03 ZAR price.
Bear case: the DCF Models group reads lowest at 0.7300 ZAR, and 13 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: 4.17 ZAR (bear) to 9.39 ZAR (bull), the price of 15.03 ZAR sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
CHANNEL VAS INV LTD reported revenue of $265M in FY2025 versus $124M in FY2022, a compound +28.8%/yr. Reported net income was $39.9M in FY2025, compounding +7.2%/yr from FY2022.
Key figures
Market cap 18.6B ZAR (≈ $1.1B) · P/E ratio 26.8 · P/S ratio 4.03 · EPS (TTM) 0.5600 ZAR · Dividend yield 0.1% · Net margin 15.0% · Return on equity 56.6% · Return on assets (EBIT) 47.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at −59%, OPA screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.0700 ZAR to 1.53 ZAR). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 4.17 ZARFair Value 6.20 ZARBull 9.39 ZAR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.4112 ZAR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+75.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.8%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.2%
Dividend (yield on the price)0.1%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.53% → 29%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+38.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +35.1% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Credit Services · 331 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−59% · Bottom 25%
Profitability
Return on equity (TTM)57% · Top 25%
Return on assets16% · Top 25%
Net margin (TTM)15% · Below median
Operating margin (TTM)16% · Below median
Growth and dividend
Revenue growth65% · Top 25%
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.73× · Below median
Valuation Multiplesvs Credit Services median · lower = cheaper
P/E (TTM)26.8× · Priciest 25%
P/B9.31× · Priciest 25%
P/S (TTM)4.26× · Pricier than median
P/FCF44.3× · Priciest 25%
EV/EBITDA18.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 49
FUTURE (revenue growth)100· sector 36
PAST (return on equity)100· sector 33
HEALTH (low debt)64· sector 59
DIVIDEND (yield)2· sector 68
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "CHANNEL VAS INV LTD Fair Value". https://www.fairvalue-calculator.com/stock/OPA
Frequently asked questions
Is CHANNEL VAS INV LTD (OPA) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 6.20 ZAR versus a price of 15.03 ZAR, about −59% upside (overvalued).
What is the fair value of OPA?
Our model-based fair value for CHANNEL VAS INV LTD is 6.20 ZAR (as of Sep 24, 2026), built from audited fundamentals. The current price: 15.03 ZAR.
What is the quality score of OPA?
CHANNEL VAS INV LTD has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for CHANNEL VAS INV LTD (OPA)?
Our model-based price target is the fair value of 6.20 ZAR (as of Sep 24, 2026) from 13 valuation models. Cautious scenario 4.17 ZAR, optimistic scenario 9.39 ZAR. It is a calculation from audited fundamentals, not an analyst target.
What is the CHANNEL VAS INV LTD stock forecast for 2026?
Our models put fair value at 6.20 ZAR, about −59% upside versus a price of 15.03 ZAR (overvalued). Cautious scenario 4.17 ZAR, optimistic scenario 9.39 ZAR. The calculation is refreshed regularly with new filings.
What is the revenue of CHANNEL VAS INV LTD (OPA)?
CHANNEL VAS INV LTD reported trailing-twelve-month revenue of about $265M (latest available figure, as of Sep 24, 2026).
Does CHANNEL VAS INV LTD pay a dividend?
CHANNEL VAS INV LTD currently shows a dividend yield of about 0.10% relative to its recent price (as of Sep 24, 2026).
What growth is priced into CHANNEL VAS INV LTD (OPA)?
For today's price to be fair in a discounted-cash-flow model, CHANNEL VAS INV LTD would have to grow free cash flow by +38.3 % per year for five years (discount rate 14.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +28.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of OPA use?
Our models discount CHANNEL VAS INV LTD at 14.9 %: a base by market capitalisation (small), country premium for South Africa. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For CHANNEL VAS INV LTD that is +38.3 % per year a year over ten years, using the same discount rate (14.9 %) and the same formula as our fair value.
How much growth has CHANNEL VAS INV LTD (OPA) delivered so far?
Over the past 3 years revenue at CHANNEL VAS INV LTD grew +28.8 % a year. The price currently implies +38.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of CHANNEL VAS INV LTD (OPA) growing?
The median revenue growth in the sector is +7.0 % a year. That is the yardstick for the growth priced into CHANNEL VAS INV LTD (+38.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CHANNEL VAS INV LTD (OPA)?
The free-cash-flow yield on the price is 2.26 %: that much free cash flow CHANNEL VAS INV LTD produces per unit of market value. When it exceeds the discount rate of our models (14.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CHANNEL VAS INV LTD (OPA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CHANNEL VAS INV LTD it is 6.20 ZAR per share (as of Sep 24, 2026), against a price of 15.03 ZAR. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is CHANNEL VAS INV LTD stock overvalued or undervalued in 2026?
As of Sep 24, 2026, OPA trades above its calculated fair value: price 15.03 ZAR, fair value 6.20 ZAR, a gap of about −59% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of OPA?
No. The price is what the market pays today (15.03 ZAR); the fair value is what the company's own numbers justify (6.20 ZAR). For CHANNEL VAS INV LTD the two are 8.83 ZAR per share apart. That gap is exactly why we show both numbers side by side.
How much is CHANNEL VAS INV LTD worth?
The market values CHANNEL VAS INV LTD at about 18.6B ZAR (market capitalisation, as of Sep 24, 2026). Per share that is 15.03 ZAR; our models calculate a fair value of 6.20 ZAR per share.
What do the bullish and bearish scenarios say about OPA?
Our models span a range for CHANNEL VAS INV LTD: cautious scenario 4.17 ZAR, base 6.20 ZAR, optimistic 9.39 ZAR per share (as of Sep 24, 2026, price 15.03 ZAR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of OPA?
CHANNEL VAS INV LTD trades at a price-to-earnings ratio of 26.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6.20 ZAR is built from several models across several years. Other multiples: P/B 9.3, P/S 4.3, EV/EBITDA 18.7.
How solid is the balance sheet of CHANNEL VAS INV LTD (OPA)?
Balance-sheet figures for CHANNEL VAS INV LTD (as of Sep 24, 2026): return on equity 56.6%, debt of 0.73 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
Which stocks are comparable to CHANNEL VAS INV LTD?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is CHANNEL VAS INV LTD stock attractive at the current price?
The data as of Sep 24, 2026: price 15.03 ZAR, calculated fair value 6.20 ZAR (−59%), Quality Score 58/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of OPA calculated?
We run CHANNEL VAS INV LTD through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 6.20 ZAR, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. CHANNEL VAS INV LTD itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of CHANNEL VAS INV LTD (OPA)?
The closing price on Sep 23, 2026 was 15.03 ZAR. Our model-based fair value is 6.20 ZAR, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CHANNEL VAS INV LTD right now?
The price sits above even our optimistic bull case (9.39 ZAR). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (4.17 ZAR to 9.39 ZAR) leaves room in how you read the outcome.
Key figures of CHANNEL VAS INV LTD
How large is the market capitalisation of CHANNEL VAS INV LTD (OPA)?
The market capitalisation of CHANNEL VAS INV LTD is 18.6B ZAR (≈ $1.1B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of CHANNEL VAS INV LTD (OPA)?
The price-to-sales ratio of CHANNEL VAS INV LTD is 4.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CHANNEL VAS INV LTD (OPA)?
Earnings per share at CHANNEL VAS INV LTD are 0.5600 ZAR (price ÷ EPS = P/E 26.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CHANNEL VAS INV LTD (OPA)?
The dividend yield of CHANNEL VAS INV LTD is 0.1% (payout 2.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of CHANNEL VAS INV LTD (OPA)?
The net margin of CHANNEL VAS INV LTD is 15.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of CHANNEL VAS INV LTD (OPA)?
The return on equity (ROE) of CHANNEL VAS INV LTD is 56.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of CHANNEL VAS INV LTD (OPA)?
On an EBIT basis the return on assets of CHANNEL VAS INV LTD is 47.5% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of CHANNEL VAS INV LTD (OPA)?
The operating margin of CHANNEL VAS INV LTD is 15.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CHANNEL VAS INV LTD (OPA)?
Revenue at CHANNEL VAS INV LTD is growing +65.3% versus a year earlier (3y avg +28.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at CHANNEL VAS INV LTD (OPA)?
Earnings per share at CHANNEL VAS INV LTD are growing −44.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CHANNEL VAS INV LTD (OPA) carry?
The net debt of CHANNEL VAS INV LTD is $13.0M (fiscal year 2025, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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