Reunert (RLO) fair value: what the stock is really worth
We calculate from audited financials what Reunert is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 13, 2026.
How to read this chart
60‑month range R36.64 – R81.94 · fair‑value band R55.89 – R124.82 · the R56.36 price screens below the R84.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
Reunert Limited operates in the fields of electrical engineering, information communication technologies (ICT), and applied electronics in South Africa, rest of Africa, the United States, Australia, Asia, and Europe.
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Reunert Limited operates in the fields of electrical engineering, information communication technologies (ICT), and applied electronics in South Africa, rest of Africa, the United States, Australia, Asia, and Europe. Its Electrical Engineering segment designs, manufactures, installs, and maintains power cables; manufactures and supplies low-voltage distribution, protection, and control equipment, as well as supplies high and medium-voltage switchgears. This segment is also involved in the wheeling business. The company's ICT segment offers office equipment, communication equipment, automation products, and related devices; cloud-based virtual private branch exchange (VBX) offerings, hosted call recording, and business internet access products; converged networking, communications, and security solutions; and wireless, fibre, satellite, and LTE connectivity solutions, as well as consulting services, digital solutions, managed services, and cloud services. Its Applied Electronics segment provides search and tracking radar systems; radar sensor systems; ground and naval search and tracking radar systems; communication systems; cryptographic products and solutions; electronic components and printed circuit boards; remote controlled stabilized weapons platforms; and energy engineering and storage solutions. This segment also offers military and commercial products, including technology solutions; and electronic manufacturing services. It serves municipalities, parastatals, utilities, the mining and building industries, corporate and retail customers, small to medium-sized enterprises (SMEs), government, and state-owned entities, and defense forces. Reunert Limited was founded in 1888 and is headquartered in Sandton, South Africa.
Stock analysis
Reunert (RLO) currently trades at R56.36, while our model-based Fair Value estimate is R84.55, implying the stock looks roughly 33.3% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of R123.76 per share, and 19 of the 25 models we run sit above the R56.36 price.
Bear case: the Asset-Based group reads lowest at R34.30, and 6 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: R55.89 (bear) to R124.82 (bull), the price of R56.36 sits inside 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 60/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Reunert reported revenue of 13.9B ZAR in FY2025 versus 9.6B ZAR in FY2021, a compound +9.7%/yr. Reported net income was 926M ZAR in FY2025, compounding +4.5%/yr from FY2021.
Key figures
Market cap 9.4B ZAC · P/E ratio 9.9 · P/S ratio 0.66 · EPS (TTM) R5.68 · Dividend yield 6.8% · Net margin 6.7% · Return on equity 12.1% · Return on assets (EBIT) 11.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 50%, RLO screens cheaper than that median.
Fair Value models
Bear R55.89Fair Value R84.55Bull R124.82
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 12 months old). Earnings retained since then (1.79 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.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.9%
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.
+7.6%
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.
+12.8%
Revenue growth 23 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.
+4.5%
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What shareholders gained per year (last 5 years), in ZAR ⓘ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 5 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. Measured in ZAR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+9.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.9%
Dividend (yield on the price)6.8%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3% vs −1%, picking up
Profit margin 2020 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.4% → 11%
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).
+18.2%
Yearly growth needed for the next five years to justify today's 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.Electrical Equipment & Parts · 542 stocks
Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside+55% · Top 25%
Profitability
Return on equity (TTM)12% · Above median
Return on assets7% · Top 25%
Net margin (TTM)6% · Above median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)6.8% · Top 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
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). "Reunert Fair Value". https://www.fairvalue-calculator.com/stock/RLO
Frequently asked questions
Is Reunert (RLO) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of R84.55 versus a price of R56.36, about +50% upside (undervalued).
What is the fair value of RLO?
Our model-based fair value for Reunert is R84.55 (as of Sep 13, 2026), built from audited fundamentals. The current price: R56.36.
What is the quality score of RLO?
Reunert has a Quality Score of 60/100. 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 Reunert (RLO)?
Our model-based price target is the fair value of R84.55 (as of Sep 13, 2026) from 25 valuation models. Cautious scenario R55.89, optimistic scenario R124.82. It is a calculation from audited fundamentals, not an analyst target.
What is the Reunert stock forecast for 2026?
Our models put fair value at R84.55, about +50% upside versus a price of R56.36 (undervalued). Cautious scenario R55.89, optimistic scenario R124.82. The calculation is refreshed regularly with new filings.
What is the revenue of Reunert (RLO)?
Reunert reported trailing-twelve-month revenue of about 14.0B ZAR (latest available figure, as of Sep 13, 2026).
Does Reunert pay a dividend?
Reunert currently shows a dividend yield of about 6.80% relative to its recent price (as of Sep 13, 2026).
What growth is priced into Reunert (RLO)?
For today's price to be fair in a discounted-cash-flow model, Reunert would have to grow free cash flow by +18.2 % per year for five years (discount rate 13.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.8 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of RLO use?
Our models discount Reunert at 13.4 %: a base by market capitalisation (small), damped by beta 0.30, 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 Reunert that is +18.2 % per year a year over ten years, using the same discount rate (13.4 %) and the same formula as our fair value.
How much growth has Reunert (RLO) delivered so far?
Over the past 5 years revenue at Reunert grew +12.8 % a year. The price currently implies +18.2 % 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 Reunert (RLO) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Reunert (+18.2 % 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 Reunert (RLO)?
The free-cash-flow yield on the price is 4.85 %: that much free cash flow Reunert produces per unit of market value. When it exceeds the discount rate of our models (13.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Reunert (RLO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Reunert it is R84.55 per share (as of Sep 13, 2026), against a price of R56.36. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Reunert stock overvalued or undervalued in 2026?
As of Sep 13, 2026, RLO trades below its calculated fair value: price R56.36, fair value R84.55, a gap of about +50% (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 RLO?
No. The price is what the market pays today (R56.36); the fair value is what the company's own numbers justify (R84.55). For Reunert the two are R28.19 per share apart. That gap is exactly why we show both numbers side by side.
How much is Reunert worth?
The market values Reunert at about 9.4B ZAC (market capitalisation, as of Sep 13, 2026). Per share that is R56.36; our models calculate a fair value of R84.55 per share.
What do the bullish and bearish scenarios say about RLO?
Our models span a range for Reunert: cautious scenario R55.89, base R84.55, optimistic R124.82 per share (as of Sep 13, 2026, price R56.36). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RLO?
Reunert trades at a price-to-earnings ratio of 9.9 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R84.55 is built from several models across several years. Other multiples: PEG 71.7, P/B 1.2, P/S 0.7, EV/EBITDA 5.4.
What is the PEG ratio of RLO?
The PEG ratio of Reunert is 71.71 (P/E divided by earnings growth, as of Sep 13, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Reunert (RLO)?
Balance-sheet figures for Reunert (as of Sep 13, 2026): return on equity 12.1%, debt of 0.12 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
Which stocks are comparable to Reunert?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Reunert stock attractive at the current price?
The data as of Sep 13, 2026: price R56.36, calculated fair value R84.55 (+50%), Quality Score 60/100, from 25 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 RLO calculated?
We run Reunert through 25 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 R84.55, 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 15.8 % above its aggregate fair value. Reunert currently trades 50 % 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 Reunert (RLO)?
The closing price on Sep 18, 2026 was R56.36. Our model-based fair value is R84.55, about +50% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Reunert right now?
Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (R55.89 to R124.82) leaves room in how you read the outcome.
Where does the earnings growth of Reunert (RLO) come from?
Earnings per share at Reunert grew −3.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.8 %, EBIT margin −3.7 %, tax rate −1.2 %, residual (interest, one-offs) −4.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Reunert
How large is the market capitalisation of Reunert (RLO)?
The market capitalisation of Reunert is 9.4B ZAC. 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 Reunert (RLO)?
The price-to-sales ratio of Reunert is 0.66 (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 Reunert (RLO)?
Earnings per share at Reunert are R5.68 (price ÷ EPS = P/E 9.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Reunert (RLO)?
The dividend yield of Reunert is 6.8% (payout 67.4%). 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 Reunert (RLO)?
The net margin of Reunert is 6.7% (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 Reunert (RLO)?
The return on equity (ROE) of Reunert is 12.1% (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 Reunert (RLO)?
On an EBIT basis the return on assets of Reunert is 11.2% (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 Reunert (RLO)?
The operating margin of Reunert is 6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Reunert (RLO)?
Revenue at Reunert is growing +1.5% versus a year earlier (3y avg +7.6%). 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 Reunert (RLO)?
Earnings per share at Reunert are growing −9.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Reunert (RLO) carry?
The net debt of Reunert is 70.0M ZAC (fiscal year 2025, ≈ 0.2 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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