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Channel Vas Investments Limited (OPA) Fair Value & Analysis

Financial Services · ZA · Market cap 17.9B ZAR

CV Channel Vas Investments Limited OPA · JSE
Price14.50 ZAR
Fair Value10.68 ZAR
Upside-26.3%
Quality58/100
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Healthy Growth
Solidly profitable · 15.0% net margin
Moderate debt · generates free cash flow
Trails peers (5/13)
Wide moat 76/100
Evidence: Medium Range 7.23 ZAR – 31.40 ZAR Share as image

Fair value as of: Jul 19, 2026

From 13 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from 10.70 ZAR to 10.68 ZAR (−0.2%) since Jun 26, 2026. Share price −6.2% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • The model range is unusually wide (7.23 ZAR to 31.40 ZAR). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (6 months)

22.11 ZAR 13.41 ZAR Fair Value 10.68 ZAR Jan 2026 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Jul 19, 2026.

How to read this chart

6‑month range 13.41 ZAR – 22.11 ZAR · fair‑value band 7.23 ZAR – 31.40 ZAR · the 14.50 ZAR price screens above the 10.68 ZAR fair value. As of Jul 19, 2026.

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Analysis

Channel Vas Investments Limited (OPA) currently trades at 14.50 ZAR, while our model-based Fair Value estimate is 10.68 ZAR, implying the stock looks roughly 26.3% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Financial Services 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: medium).

Over the trailing twelve months, Channel Vas Investments Limited generated revenue of 265M ZAR at a net margin of 15.0%. Revenue grew 65.3% year over year. It earns a return on equity of 56.6%. Net debt stands at 13.0M ZAR. Fundamentals as of Jul 19, 2026

Our scenario range runs from 7.23 ZAR (bear case) to 31.40 ZAR (bull case); at 14.50 ZAR, the current price sits within 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 Financial Services peers we cover trades at -41% fair-value upside, at -26%, OPA 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (0.0700 ZAR to 1.53 ZAR). Read the values as a conservative anchor, not as a price target.
Model 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
Highest evidence
Growth DCF 0.3300 ZAR 0.6500 ZAR 1.18 ZAR 80
Residual Income 0.2300 ZAR 0.3000 ZAR 2.21 ZAR 76
Rev-Margin DCF 0.4500 ZAR 0.8400 ZAR 1.65 ZAR 74
All 13 models by family
DCF Models
Owner Earnings 0.4800 ZAR 1.09 ZAR 2.36 ZAR 31
5Y P/E Exit 0.4700 ZAR 1.07 ZAR 1.91 ZAR 38
10Y P/E Exit 0.4400 ZAR 1.04 ZAR 2.05 ZAR 35
Earnings-Based
Graham-Dodd 0.2200 ZAR 1.53 ZAR 2.15 ZAR 54
Lynch FV 0.7700 ZAR 1.10 ZAR 1.43 ZAR 50
Dividend Discount
Gordon GGM 0.1300 ZAR 0.2600 ZAR 0.4200 ZAR 70
DDM Multi-Stage 0.1300 ZAR 0.2200 ZAR 0.2800 ZAR 61
Multiples
P/E Multiple 0.4800 ZAR 0.6500 ZAR 0.8100 ZAR 63
P/B Multiple 0.2200 ZAR 0.2900 ZAR 0.3700 ZAR 55
Asset-Based
NCAV (Graham) 0.0500 ZAR 0.0700 ZAR 0.1000 ZAR 50
Growth DCF
Growth DCF 0.3300 ZAR 0.6500 ZAR 1.18 ZAR 80
Rev-Margin DCF 0.4500 ZAR 0.8400 ZAR 1.65 ZAR 74
Economic Profit
Residual Income 0.2300 ZAR 0.3000 ZAR 2.21 ZAR 76

Widest divergence: Earnings-Based (1.10 ZAR) versus Asset-Based (0.0700 ZAR). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 265M ZAR
Revenue growth (YoY) +65.3%
Net margin 15.0%
Return on equity 56.6%
Free cash flow 25.5M ZAR FY2025
P/E ratio 28.4
More key figures
Operating margin 15.7%
EPS (TTM) 0.5600 ZAR
EPS growth (YoY) -44.9%
Net debt 13.0M ZAR FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 26

Profitability 74
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

Channel Vas Investments Limited reported revenue of 265M ZAR in FY2025 versus 124M ZAR in FY2022, a compound +28.8%/yr. Reported net income was 39.9M ZAR in FY2025, compounding +7.2%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
265M ZAR
Latest YoY
+75.5%
Avg. growth/yr (3Y) 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.
+28.8%
Revenue +28.8%/yr
FY22 124M ZAR
FY23 129M ZAR
FY24 151M ZAR
FY25 265M ZAR
Net income +7.2%/yr
FY22 32.3M ZAR
FY23 27.2M ZAR
FY24 36.0M ZAR
FY25 39.9M ZAR

OPA screens 26% overvalued. Compare with Visa Inc →

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Cite: Fair Value Calculator (2026). "Channel Vas Investments Limited Fair Value". https://www.fairvalue-calculator.com/stock/OPA

Peer Group

Credit Services · 332 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.

Quality Score 57 · Above median
Fair Value upside −26% · Below median
Return on equity (TTM) 57% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 15% · Below median
Operating margin (TTM) 16% · Below median
Revenue growth 65% · Top 25%
Debt / equity 0.73× · Lower than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 25.9× · Pricier than 75% of peers
P/B 9.12× · Pricier than 75% of peers
P/S (TTM) 4.17× · Pricier than median
P/FCF 43.4× · Pricier than 75% of peers
EV/EBITDA 18.3× · Pricier than median

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.

VALUE 0 · sector 38
FUTURE 100 · sector 38
PAST 100 · sector 32
HEALTH 64 · sector 58
DIVIDEND 0 · sector 51

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is Channel Vas Investments Limited (OPA) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 10.68 ZAR versus a price of 14.50 ZAR, about −26% (overvalued).
What is the fair value of OPA?
Our model-based fair value for Channel Vas Investments Limited is 10.68 ZAR (as of Jul 19, 2026), built from audited fundamentals. The current price is 14.50 ZAR.
What is the quality score of OPA?
Channel Vas Investments Limited 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 revenue of Channel Vas Investments Limited (OPA)?
Channel Vas Investments Limited reported trailing-twelve-month revenue of about 265M ZAR (latest available figure, as of Jul 19, 2026).
What is the net profit margin of OPA?
The net profit margin of Channel Vas Investments Limited is about 15.0%, meaning it keeps roughly 15.0% 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.

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