Pick N Pay Stores Ltd (PKPYY) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Pick N Pay Stores Ltd $7.96, price $6.10, upside +30.5%, quality 27 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $4.45 – $16.60 · fair‑value band $7.96 – $9.34 · the $6.10 price screens below the $7.96 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Pick n Pay Stores Limited, an investment holding company, engages in the retail of food, health and beauty products, general merchandise, clothing, liquor, and additional value-added-services in South Africa and Rest of Africa. It owns and franchises hypermarkets, supermarkets, clothing stores, liquor stores, superstores, build stores, and express stores.
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Pick n Pay Stores Limited, an investment holding company, engages in the retail of food, health and beauty products, general merchandise, clothing, liquor, and additional value-added-services in South Africa and Rest of Africa. It owns and franchises hypermarkets, supermarkets, clothing stores, liquor stores, superstores, build stores, and express stores. The company also offers its products online. The company was founded in 1967 and is based in Cape Town, South Africa.
Stock analysis
Pick N Pay Stores Ltd ADR (PKPYY) currently trades at $6.10, while our model-based Fair Value estimate is $7.96, implying the stock looks roughly 23.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $15.84 per share, and 13 of the 16 models we run sit above the $6.10 price.
Bear case: the Asset-Based group reads lowest at $2.64, and 3 of the 16 models stay below the price. Evidence for this calculation is medium.
Scenario range: $7.96 (bear) to $9.34 (bull), the price of $6.10 sits below 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 27/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Pick N Pay Stores Ltd ADR reported revenue of 113B ZAR in FY2026 versus 99.6B ZAR in FY2022, a compound +3.2%/yr. Reported net income was −669M ZAR in FY2026.
Key figures
Market cap $1.0B · EPS (TTM) $−0.3100 · Dividend yield 6.5% · Net margin −0.6% · Return on equity −1.8% · Return on assets (EBIT) 4.5% · Operating margin 2.2% · Revenue (TTM) 123B ZAR.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at 30%, PKPYY screens cheaper than that median.
Fair Value models
Bear $7.96Fair Value $7.96Bull $9.34
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.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.31/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−7.0%
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.
+1.4%
Revenue growth 5 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.
+3.6%
Start year 2021 (pandemic). Over 10 years: +4.6% a year
Revenue growth 25 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.
+8.4%
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Profit margin (trend) ⓘ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.
2.9% (2021) → 1.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
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).
−3.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in ZAR, South Africa: IMF forecast 3.3% a year to 2030, 4.9% from 2016 to 2025) that is about −6.1% a year for the price and +5.1% for the forecasts.
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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.Department Stores · 105 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside−9.0% · Below median
Profitability
Return on assets2.3% · Below median
Net margin (TTM)−0.6% · Bottom 25%
Operating margin (TTM)2.2% · Below median
Growth and dividend
Revenue growth−2.4% · Below median
Dividend yield (TTM)6.5% · Top 25%
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Department Stores median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Pick N Pay Stores Ltd ADR Fair Value". https://www.fairvalue-calculator.com/stock/PKPYY
Frequently asked questions
Is Pick N Pay Stores Ltd (PKPYY) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $7.96 versus the last price from Sep 25, 2026 of $6.10, about +30% upside (undervalued).
What is the fair value of PKPYY?
Our model-based fair value for Pick N Pay Stores Ltd ADR is $7.96 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $6.10.
What is the quality score of PKPYY?
Pick N Pay Stores Ltd ADR has a Quality Score of 27/100. 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 Pick N Pay Stores Ltd (PKPYY)?
Our model-based price target is the fair value of $7.96 (as of Sep 24, 2026) from 16 valuation models. Cautious scenario $7.96, optimistic scenario $9.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Pick N Pay Stores Ltd ADR stock forecast for 2026?
Our models put fair value at $7.96, about +30% upside versus the last price from Sep 25, 2026 of $6.10 (undervalued). Cautious scenario $7.96, optimistic scenario $9.34. The calculation is refreshed regularly with new filings.
What is the revenue of Pick N Pay Stores Ltd (PKPYY)?
Pick N Pay Stores Ltd ADR reported trailing-twelve-month revenue of about 123B ZAR (latest available figure, as of Sep 24, 2026).
Does Pick N Pay Stores Ltd ADR pay a dividend?
Pick N Pay Stores Ltd ADR currently shows a dividend yield of about 6.48% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Pick N Pay Stores Ltd (PKPYY)?
For today's price to be fair in a discounted-cash-flow model, Pick N Pay Stores Ltd ADR would have to grow free cash flow by -3.0 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PKPYY use?
Our models discount Pick N Pay Stores Ltd ADR at 9.8 %: a base by market capitalisation (small), damped by beta 0.22, country premium for USA. 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 Pick N Pay Stores Ltd ADR that is -3.0 % per year a year over ten years, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Pick N Pay Stores Ltd (PKPYY) delivered so far?
Over the past 5 years revenue at Pick N Pay Stores Ltd ADR grew +3.6 % a year. The price currently implies -3.0 % 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 Pick N Pay Stores Ltd (PKPYY) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Pick N Pay Stores Ltd ADR (-3.0 % 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 Pick N Pay Stores Ltd (PKPYY)?
The free-cash-flow yield on the price is 8.03 %: that much free cash flow Pick N Pay Stores Ltd ADR produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pick N Pay Stores Ltd (PKPYY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pick N Pay Stores Ltd ADR it is $7.96 per share (as of Sep 24, 2026), against a price of $6.10. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Pick N Pay Stores Ltd ADR stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PKPYY trades below its calculated fair value: price $6.10, fair value $7.96, a gap of about +30% (undervalued). 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 PKPYY?
No. The price is what the market pays today ($6.10); the fair value is what the company's own numbers justify ($7.96). For Pick N Pay Stores Ltd ADR the two are $1.86 per share apart. That gap is exactly why we show both numbers side by side.
How much is Pick N Pay Stores Ltd ADR worth?
The market values Pick N Pay Stores Ltd ADR at about $1.0B (market capitalisation, as of Sep 24, 2026). Per share that is $6.10; our models calculate a fair value of $7.96 per share.
What do the bullish and bearish scenarios say about PKPYY?
Our models span a range for Pick N Pay Stores Ltd ADR: cautious scenario $7.96, base $7.96, optimistic $9.34 per share (as of Sep 24, 2026, price $6.10). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Pick N Pay Stores Ltd (PKPYY)?
Balance-sheet figures for Pick N Pay Stores Ltd ADR (as of Sep 24, 2026): return on equity −1.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is PKPYY from its 52-week high?
Pick N Pay Stores Ltd ADR trades at $6.10, about 28% below its 52-week high of $8.50 and at the low of $6.10 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $7.96 is for.
Which stocks are comparable to Pick N Pay Stores Ltd ADR?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, Inc, 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 Pick N Pay Stores Ltd ADR stock attractive at the current price?
The data as of Sep 24, 2026: price $6.10, calculated fair value $7.96 (+30%), Quality Score 27/100, from 16 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 PKPYY calculated?
We run Pick N Pay Stores Ltd ADR through 16 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 $7.96, 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 14.5 % above its aggregate fair value. Pick N Pay Stores Ltd ADR currently trades 23 % below its own fair value, and the market average says nothing about that. 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 Pick N Pay Stores Ltd (PKPYY)?
The latest price we hold is from Sep 25, 2026 and stands at $6.10. Our model-based fair value is $7.96, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pick N Pay Stores Ltd ADR right now?
The large discount to fair value meets weak quality (27/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($7.96). The market is more pessimistic than our downside scenario.
Key figures of Pick N Pay Stores Ltd ADR
How large is the market capitalisation of Pick N Pay Stores Ltd (PKPYY)?
The market capitalisation of Pick N Pay Stores Ltd ADR is $1.0B. 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 are the earnings per share of Pick N Pay Stores Ltd (PKPYY)?
Earnings per share at Pick N Pay Stores Ltd ADR are $−0.3100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pick N Pay Stores Ltd (PKPYY)?
The dividend yield of Pick N Pay Stores Ltd ADR is 6.5%. 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 Pick N Pay Stores Ltd (PKPYY)?
The net margin of Pick N Pay Stores Ltd ADR is −0.6% (fiscal year 2026). 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 Pick N Pay Stores Ltd (PKPYY)?
The return on equity (ROE) of Pick N Pay Stores Ltd ADR is −1.8% (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 Pick N Pay Stores Ltd (PKPYY)?
On an EBIT basis the return on assets of Pick N Pay Stores Ltd ADR is 4.5% (avg 5y). 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 Pick N Pay Stores Ltd (PKPYY)?
The operating margin of Pick N Pay Stores Ltd ADR is 2.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pick N Pay Stores Ltd (PKPYY)?
Revenue at Pick N Pay Stores Ltd ADR is growing −2.4% versus a year earlier (3y avg +1.4%). 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 Pick N Pay Stores Ltd (PKPYY)?
Earnings per share at Pick N Pay Stores Ltd ADR are growing −22.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Pick N Pay Stores Ltd (PKPYY) carry?
The net debt of Pick N Pay Stores Ltd ADR is 15.6B ZAR (fiscal year 2026, ≈ 13.0 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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Sep 24, 2026