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Remgro Limited (REM) Fair Value & Analysis

Financial Services · ZA · Market cap 102B ZAC

RL Remgro Limited REM · JSE
PriceR194.00
Fair ValueR108.60
Upside-44.0%
Quality88/100
Evidence: Medium Range R81.45 – R135.75

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from R89.37 to R108.60 (+21.5%) since Jun 24, 2026. Share price +2.7% over the past month.

Price vs Fair Value (12 months)

R198.78 R149.18 Fair Value R108.60 Jun 2025 Jun 2026

12‑month range R149.18 – R198.78 · fair‑value band R81.45 – R135.75 · the R194.00 price screens above the R108.60 fair value. As of Jun 26, 2026.

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Analysis

Remgro Limited (REM) currently trades at R194.00, while our model-based Fair Value estimate is R108.60 — implying the stock looks roughly 44.0% overvalued today. We read business quality at 88/100 (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, Remgro Limited generated revenue of 52.2B ZAR at a net margin of 9.2%. Revenue grew 2.8% year over year. It earns a return on equity of 3.7%. The balance sheet holds a net cash position of 4.0B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 52.2B ZAC
Revenue growth (YoY) +2.8%
Net margin 9.2%
Return on equity 3.7%
Free cash flow 3.0B ZAC FY2025
P/E ratio 0.7
More key figures
Operating margin 7.6%
EPS (TTM) R274.87
Dividend yield 0.0%
EPS growth (YoY) +41.2%
Net cash 4.0B ZAC FY2025

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

About the company

Remgro Limited is a principal investment firm. The firm prefers to invest in financial services, food, liquor and home care, banking, insurance, industrial, healthcare, infrastructure, information technology infrastructure services, media, and sport. It considers investments in Africa, UAE, UK, Switzerland and other international countries though investee companies. The firm typically invests in companies with significant influence and board representation. It mainly focuses on the provision of support rather than on being involved in the day-to-day management of business units of investees. Remgro Limited was founded in 1948 and is based in Stellenbosch, South Africa.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Remgro Limited reported revenue of R53.0B in FY2025 versus R66.2B in FY2021, a compound −5.4%/yr. Reported net income was R3.3B in FY2025, compounding −1.8%/yr from FY2021.

Revenue −5.4%/yr
FY21 R66.2B
FY22 R76.7B
FY23 R50.3B
FY24 R52.4B
FY25 R53.0B
Net income −1.8%/yr
FY21 R3.6B
FY22 R4.0B
FY23 R9.6B
FY24 R1.2B
FY25 R3.3B

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Frequently asked questions

Is Remgro Limited (REM) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R108.60 versus a price of R194.00 — about −44% (overvalued). Model-based estimate, not financial advice.
What is the fair value of REM?
Our 21-model fair value for Remgro Limited is R108.60 (as of Jun 26, 2026), built from audited fundamentals. The current price is R194.00.
What is the quality score of REM?
Remgro Limited has a Quality Score of 88/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Remgro Limited (REM)?
Remgro Limited reported trailing-twelve-month revenue of about 52.2B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of REM?
The net profit margin of Remgro Limited is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.
Does Remgro Limited pay a dividend?
Remgro Limited currently shows a dividend yield of about 0.02% 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.