Rex Trueform Group Limited (RTN) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Rex Trueform Group Limited ZAR 10.84, price ZAR 14.00, upside -22.6%, quality 33 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 Oct 1, 2026.
How to read this chart
60‑month range R7.11 – R1,599 · fair‑value band R4.67 – R20.84 · the R14.00 price screens above the R10.84 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Rex Trueform Group Limited, an investment holding company, through its subsidiaries, provides retails fashion apparel in South Africa. The company operates through Retail, Property, Media and Broadcasting, Technology, and Water Infrastructure segments.
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Rex Trueform Group Limited, an investment holding company, through its subsidiaries, provides retails fashion apparel in South Africa. The company operates through Retail, Property, Media and Broadcasting, Technology, and Water Infrastructure segments. It offers men's and women's clothing, shoes, costume jewellery, cosmetics, and related accessories under the Queenspark brand name through stores and online platforms. The company also invests in properties mainly offices and industrial spaces; and invests in private water and waste water utility group, as well as engages in the supply, installation, and service support for radio and television broadcasting equipment and provides communication services and connectivity solutions. In addition, it designs, builds, and launches digital solutions. The company was formerly known as Rex Trueform Clothing Company Limited and changed its name to Rex Trueform Group Limited in January 2018. The company was incorporated in 1937 and is based in Cape Town, South Africa. Rex Trueform Group Limited is a subsidiary of African and Overseas Enterprises Limited.
Stock analysis
Rex Trueform Group Limited (RTN) currently trades at R14.00, while our model-based Fair Value estimate is R10.84, 22.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of R21.08 per share, and 11 of the 14 models we run sit above the R14.00 price.
Bear case: the Asset-Based group reads lowest at R14.55, and 3 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: R4.67 (bear) to R20.84 (bull), the price of R14.00 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 33/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Rex Trueform Group Limited reported revenue of 703M ZAR in FY2024 versus 579M ZAR in FY2020, a compound +5.0%/yr. Reported net income was −835K ZAR in FY2024.
Key figures
Market cap 306M ZAC · P/E ratio 96.4 · P/S ratio 0.47 · EPS (TTM) R0.1400 · Net margin −0.1% · Return on equity 0.8% · Return on assets (EBIT) 4.5% · Operating margin 6.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 6% below its 52-week high and 12% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −23%, RTN screens richer than that median.
Fair Value models
Bear R4.67Fair Value R10.84Bull R20.84
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.30/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−2.2%
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.
+14.8%
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.
+0.7%
Revenue growth 10 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%
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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.
3.7% (2019) → 5.8% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
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).
+20.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (South Africa: IMF forecast 3.3% a year to 2030, 4.9% from 2016 to 2025) that is about +16.9% a year for the price.
Compare Rex Trueform Group Limited with another stock
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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.Apparel Retail · 100 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−22.6% · Below median
Profitability
Return on equity (TTM)0.8% · Below median
Return on assets2.7% · Below median
Net margin (TTM)0.5% · Below median
Operating margin (TTM)6.8% · Above median
Growth and dividend
Revenue growth−1.3% · Below median
Balance sheet
Debt / equity0.88× · Highest 25%
Valuation Multiplesvs Apparel Retail 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). "Rex Trueform Group Limited Fair Value". https://www.fairvalue-calculator.com/stock/RTN
Frequently asked questions
Is Rex Trueform Group Limited (RTN) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of R10.84 versus a price of R14.00, about −23% upside (overvalued).
What is the fair value of RTN?
Our model-based fair value for Rex Trueform Group Limited is R10.84 (as of Oct 1, 2026), built from audited fundamentals. The current price: R14.00.
What is the quality score of RTN?
Rex Trueform Group Limited has a Quality Score of 33/100. 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 Rex Trueform Group Limited (RTN)?
Our model-based price target is the fair value of R10.84 (as of Oct 1, 2026) from 14 valuation models. Cautious scenario R4.67, optimistic scenario R20.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Rex Trueform Group Limited stock forecast for 2026?
Our models put fair value at R10.84, about −23% upside versus a price of R14.00 (overvalued). Cautious scenario R4.67, optimistic scenario R20.84. The calculation is refreshed regularly with new filings.
What is the revenue of Rex Trueform Group Limited (RTN)?
Rex Trueform Group Limited reported trailing-twelve-month revenue of about 677M ZAR (latest available figure, as of Oct 1, 2026).
What growth is priced into Rex Trueform Group Limited (RTN)?
For today's price to be fair in a discounted-cash-flow model, Rex Trueform Group Limited would have to grow free cash flow by +20.8 % 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 +0.7 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of RTN use?
Our models discount Rex Trueform Group Limited at 13.4 %: a base by market capitalisation (nano), 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 Rex Trueform Group Limited that is +20.8 % 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 Rex Trueform Group Limited (RTN) delivered so far?
Over the past 5 years revenue at Rex Trueform Group Limited grew +0.7 % a year. The price currently implies +20.8 % 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 Rex Trueform Group Limited (RTN) growing?
The median revenue growth in the sector is +3.0 % a year. That is the yardstick for the growth priced into Rex Trueform Group Limited (+20.8 % 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 Rex Trueform Group Limited (RTN)?
The free-cash-flow yield on the price is 9.34 %: that much free cash flow Rex Trueform Group Limited 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 Rex Trueform Group Limited (RTN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Rex Trueform Group Limited it is R10.84 per share (as of Oct 1, 2026), against a price of R14.00. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Rex Trueform Group Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, RTN trades above its calculated fair value: price R14.00, fair value R10.84, a gap of about −23% (overvalued). 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 RTN?
No. The price is what the market pays today (R14.00); the fair value is what the company's own numbers justify (R10.84). For Rex Trueform Group Limited the two are R3.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is Rex Trueform Group Limited worth?
The market values Rex Trueform Group Limited at about 306M ZAC (market capitalisation, as of Oct 1, 2026). Per share that is R14.00; our models calculate a fair value of R10.84 per share.
What do the bullish and bearish scenarios say about RTN?
Our models span a range for Rex Trueform Group Limited: cautious scenario R4.67, base R10.84, optimistic R20.84 per share (as of Oct 1, 2026, price R14.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RTN?
Rex Trueform Group Limited trades at a price-to-earnings ratio of 96.4 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R10.84 is built from several models across several years. Other multiples: PEG 0.0, P/B 0.7, P/S 0.5, EV/EBITDA 7.1.
What is the PEG ratio of RTN?
The PEG ratio of Rex Trueform Group Limited is 0.01 (P/E divided by earnings growth, as of Oct 1, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Rex Trueform Group Limited (RTN)?
Balance-sheet figures for Rex Trueform Group Limited (as of Oct 1, 2026): return on equity 0.8%, debt of 0.88 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is RTN from its 52-week high?
Rex Trueform Group Limited trades at R14.00, about 6% below its 52-week high of R14.94 and 12% above the low of R12.51 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of R10.84 is for.
Which stocks are comparable to Rex Trueform Group Limited?
From the same area (Consumer Cyclical) we also value Industria de Diseño Textil, S.A, Fast Retailing Co, The TJX Companies, Inc, Ross Stores, 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 Rex Trueform Group Limited stock attractive at the current price?
The data as of Oct 1, 2026: price R14.00, calculated fair value R10.84 (−23%), Quality Score 33/100, from 14 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 RTN calculated?
We run Rex Trueform Group Limited through 14 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 R10.84, 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. Rex Trueform Group Limited itself currently trades above fair value. 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 Rex Trueform Group Limited (RTN)?
The closing price on Sep 28, 2026 was R14.00. Our model-based fair value is R10.84, about −23% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Rex Trueform Group Limited right now?
Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (R4.67 to R20.84). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Rex Trueform Group Limited
How large is the market capitalisation of Rex Trueform Group Limited (RTN)?
The market capitalisation of Rex Trueform Group Limited is 306M 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 Rex Trueform Group Limited (RTN)?
The price-to-sales ratio of Rex Trueform Group Limited is 0.47 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Rex Trueform Group Limited (RTN)?
Earnings per share at Rex Trueform Group Limited are R0.1400 (price ÷ EPS = P/E 96.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Rex Trueform Group Limited (RTN)?
The net margin of Rex Trueform Group Limited is −0.1% (fiscal year 2024). 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 Rex Trueform Group Limited (RTN)?
The return on equity (ROE) of Rex Trueform Group Limited is 0.8% (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 Rex Trueform Group Limited (RTN)?
On an EBIT basis the return on assets of Rex Trueform Group Limited 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 Rex Trueform Group Limited (RTN)?
The operating margin of Rex Trueform Group Limited is 6.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Rex Trueform Group Limited (RTN)?
Revenue at Rex Trueform Group Limited is growing −1.3% versus a year earlier (3y avg +14.8%). 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 Rex Trueform Group Limited (RTN)?
Earnings per share at Rex Trueform Group Limited are growing −3.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Rex Trueform Group Limited (RTN) carry?
The net debt of Rex Trueform Group Limited is 347M ZAC (fiscal year 2024, ≈ 12.2 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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