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OUTsurance Group (OUT) Fair Value & Analysis

Financial Services · ZA · Market cap 109B ZAC

OG OUTsurance Group OUT · JSE
PriceR77.34
Fair ValueR39.54
Upside-48.9%
Quality90/100
Evidence: Medium Range R29.65 – R49.42

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from R51.70 to R39.54 (−23.5%) since Jun 24, 2026. Share price +11.5% over the past month.

Price vs Fair Value (12 months)

R77.34 R63.60 Fair Value R39.54 Jun 2025 Jun 2026

12‑month range R63.60 – R77.34 · fair‑value band R29.65 – R49.42 · the R77.34 price screens above the R39.54 fair value. As of Jun 26, 2026.

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Analysis

OUTsurance Group (OUT) currently trades at R77.34, while our model-based Fair Value estimate is R39.54 — implying the stock looks roughly 48.9% overvalued today. We read business quality at 90/100 (high 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, OUTsurance Group generated revenue of 42.0B ZAR at a net margin of 11.9%. Revenue grew 13.6% year over year. It earns a return on equity of 37.1%. The balance sheet holds a net cash position of 1.9B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 42.0B ZAC
Revenue growth (YoY) +13.6%
Net margin 11.9%
Return on equity 37.1%
Free cash flow 5.8B ZAC FY2025
P/E ratio 22.0
More key figures
Operating margin 17.3%
EPS (TTM) R3.22
Dividend yield 0.0%
EPS growth (YoY) +14.1%
Net cash 1.9B ZAC FY2025

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

About the company

OUTsurance Group Limited, a financial services company, provides insurance and investment products in South Africa, Australia, and Ireland. It operates through Personal Insurance; Business Insurance; Youi CTP; OUTsurance Central; OUTsurance Ireland; and Life Insurance segments. The company offers short term insurance products for motor vehicle, pets, personal accident, engineering, movable and immovable property, agricultural, and stock in transit; long term insurance products, including life, death, disability, funeral, retrenchment, endowment insurance policies. It also engages in reinsurance business. In addition, it owns a portfolio of Fintech investments and investments in asset management entities. The company serves individuals and small and medium-sized businesses. The company was formerly known as Rand Merchant Investment Holdings Limited and changed its name to OUTsurance Group Limited in December 2022. OUTsurance Group Limited was founded in 1998 and is based in Centurion…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

OUTsurance Group reported revenue of R39.4B in FY2025 versus R18.7B in FY2021, a compound +20.5%/yr. Reported net income was R4.7B in FY2025, compounding +12.9%/yr from FY2021.

Revenue +20.5%/yr
FY21 R18.7B
FY22 R21.3B
FY23 R28.3B
FY24 R32.2B
FY25 R39.4B
Net income +12.9%/yr
FY21 R2.9B
FY22 R22.4B
FY23 R3.0B
FY24 R4.1B
FY25 R4.7B

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Similar stocks

6 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

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Berkshire Hathaway Inc BRK C$35.75 C$28.29 -21%
Allianz SE ALIZY $45.82 $35.64 -22%
Zurich Insurance Group ZURVY $36.15 $29.58 -18%
AXA SA AXAHY $48.75 $71.11 +46%
Assicurazioni Generali S.p.A ARZGY $24.42 $19.59 -20%
Sun Life Financial Inc SLF $77.66 $56.68 -27%

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Frequently asked questions

Is OUTsurance Group (OUT) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R39.54 versus a price of R77.34 — about −49% (overvalued). Model-based estimate, not financial advice.
What is the fair value of OUT?
Our 21-model fair value for OUTsurance Group is R39.54 (as of Jun 26, 2026), built from audited fundamentals. The current price is R77.34.
What is the quality score of OUT?
OUTsurance Group has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of OUTsurance Group (OUT)?
OUTsurance Group reported trailing-twelve-month revenue of about 42.0B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of OUT?
The net profit margin of OUTsurance Group is about 11.9%, meaning it keeps roughly 11.9% of revenue as net income. Based on the latest reported figures.
Does OUTsurance Group pay a dividend?
OUTsurance Group currently shows a dividend yield of about 0.04% relative to its recent price (as of Jun 26, 2026).

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.