Sephaku Holdings Ltd (SEP) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of Sephaku Holdings Ltd stock ZAR 2.32, price ZAR 2.20, upside +5.6%, quality 54 out of 100. Rating: fairly valued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.
How to read this chart
60‑month range R0.7500 – R2.64 · fair‑value band R1.69 – R4.02 · the R2.20 price screens below the R2.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 11, 2026.
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Sephaku Holdings Limited operates as a construction materials company in South Africa. It is involved in the manufacturing and supply of ready-mixed concrete products for the residential, commercial, and industrial markets. The company was incorporated in 2005 and is based in Irene, South Africa.
Stock analysis
Sephaku Holdings Ltd (SEP) currently trades at R2.20, while our model-based Fair Value estimate is R2.32, so the stock looks roughly fairly valued today (gap 5.3%).
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Valuation
Bull case: the Multiples group reads highest at a median of R6.65 per share, and 20 of the 23 models we run sit above the R2.20 price.
Bear case: the Growth DCF group reads lowest at R0.7000, and 3 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: R1.69 (bear) to R4.02 (bull), the price of R2.20 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 54/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Sephaku Holdings Ltd reported revenue of 1.3B ZAR in FY2026 versus 786M ZAR in FY2022, a compound +13.2%/yr. Reported net income was 93.3M ZAR in FY2026, compounding +20.3%/yr from FY2022.
Key figures
Market cap 507M ZAR Micro · P/E ratio 5.4 · P/S ratio 0.39 · EPS (TTM) R0.4100 · Net margin 7.2% · Return on equity 7.0% · Return on assets (EBIT) 5.1% (5-year average) · Operating margin 8.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 40 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 48% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at 6%, SEP screens cheaper than that median.
Fair Value models
BearR1.69Fair Value R2.32BullR4.02
Price R2.20 · Upside +5.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (0.2527 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. 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.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCFR0.4100R0.7200R1.1578
Growth DCFR0.4000R0.7000R1.0777
Owner EarningsR0.4800R0.8300R1.3175
All 23 models by family
DCF Models
FCF DCFR0.4100R0.7200R1.1578
Owner EarningsR0.4800R0.8300R1.3175
5Y Revenue ExitR2.56R4.95R8.1570
5Y EBITDA ExitR2.83R5.48R8.6973
5Y P/E ExitR2.70R5.23R8.0069
10Y Revenue ExitR1.50R3.29R5.8963
10Y EBITDA ExitR1.77R3.62R6.2665
10Y P/E ExitR1.70R3.46R5.7861
Earnings-Based
Graham-DoddR2.75R9.89R13.3364
Lynch FVR2.34R3.34R4.3461
PEG = 1.0R2.34R3.34R4.3457
EPVR2.63R2.99R3.2974
Multiples
P/E MultipleR5.15R6.87R8.5963
P/S MultipleR5.15R6.87R8.5958
P/B MultipleR11.27R15.03R18.7955
EV/EBITR4.47R6.22R7.9766
EV/EBITDAR4.62R6.42R8.2267
EV/RevenueR3.77R5.72R7.6753
Asset-Based
NCAV (Graham)R2.51R3.36R5.0154
Growth DCF
Growth DCFR0.4000R0.7000R1.0777
Economic Profit
Residual IncomeR4.42R4.45R4.7571
ROIC CompounderR2.63R2.99R3.2972
Growth Earnings
Growth-Adj P/ER3.92R5.61R7.2967
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.2%
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.
+9.6%
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.
+15.3%
Start year 2021 (pandemic). Over 10 years: +4.0% a year
Revenue growth 20 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.
+56.8%
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What shareholders gained per year (last 5 years), in ZAR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+28.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+28.3%
Dividend (yield on the price)0.0%
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.26.2% vs 3.4%, picking up
Profit margin 2021 to 2026 ⓘ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% → 9%
2026 sits 53% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)
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).
+61.4%
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 +56.3% a year for the 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.Building Materials · 265 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Above median
Fair Value upside+5.6% · Above median
Profitability
Return on equity (12 months)7.0% · Above median
Return on assets5.3% · Above median
Net margin (12 months)7.2% · Above median
Operating margin (12 months)8.8% · Above median
Growth and dividend
Revenue growth (quarter YoY)10.1% · Above median
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Building Materials 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.
Is Sephaku Holdings Ltd (SEP) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of R2.32 versus a price of R2.20, about +6% upside (fairly valued).
What is the fair value of SEP?
Our model-based fair value for Sephaku Holdings Ltd is R2.32 (as of Nov 11, 2026), built from audited fundamentals. The current price: R2.20.
What is the quality score of SEP?
Sephaku Holdings Ltd has a Quality Score of 54/100. 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 Sephaku Holdings Ltd (SEP)?
Our model-based price target is the fair value of R2.32 (as of Nov 11, 2026) from 23 valuation models. Cautious scenario R1.69, optimistic scenario R4.02. It is a calculation from audited fundamentals, not an analyst target.
What is the Sephaku Holdings Ltd stock forecast for 2026?
Our models put fair value at R2.32, about +6% upside versus a price of R2.20 (fairly valued). Cautious scenario R1.69, optimistic scenario R4.02. The calculation is refreshed regularly with new filings.
What is the revenue of Sephaku Holdings Ltd (SEP)?
Sephaku Holdings Ltd reported trailing-twelve-month revenue of about 1.3B ZAR (latest available figure, as of Nov 11, 2026).
What growth is priced into Sephaku Holdings Ltd (SEP)?
For today's price to be fair in a discounted-cash-flow model, Sephaku Holdings Ltd would have to grow free cash flow by +61.4 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.3 % per year. As of Nov 11, 2026.
What discount rate (WACC) does the fair value of SEP use?
Our models discount Sephaku Holdings Ltd at 11.9 %: a base by market capitalisation (nano), damped by beta 0.15, 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 Sephaku Holdings Ltd that is +61.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Sephaku Holdings Ltd (SEP) delivered so far?
Over the past 5 years revenue at Sephaku Holdings Ltd grew +15.3 % a year. The price currently implies free-cash-flow growth of +61.4 % per 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 Sephaku Holdings Ltd (SEP) growing?
The median revenue growth in the sector is +8.7 % a year. That is the yardstick for the growth priced into Sephaku Holdings Ltd (+61.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sephaku Holdings Ltd (SEP)?
The free-cash-flow yield on the price is 0.62 %: that much free cash flow Sephaku Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sephaku Holdings Ltd (SEP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sephaku Holdings Ltd it is R2.32 per share (as of Nov 11, 2026), against a price of R2.20. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sephaku Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 11, 2026, SEP trades below its calculated fair value: price R2.20, fair value R2.32, a gap of about +6% (fairly valued). 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 SEP?
No. The price is what the market pays today (R2.20); the fair value is what the company's own numbers justify (R2.32). For Sephaku Holdings Ltd the two are R0.1239 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sephaku Holdings Ltd worth?
The market values Sephaku Holdings Ltd at about 507M ZAR (market capitalisation, as of Nov 11, 2026). Per share that is R2.20; our models calculate a fair value of R2.32 per share.
What do the bullish and bearish scenarios say about SEP?
Our models span a range for Sephaku Holdings Ltd: cautious scenario R1.69, base R2.32, optimistic R4.02 per share (as of Nov 11, 2026, price R2.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SEP?
Sephaku Holdings Ltd trades at a price-to-earnings ratio of 5.4 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of R2.32 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2026), reported earnings: 8.7. Other multiples: P/B 0.4, P/S 0.4, EV/EBITDA 3.8.
How solid is the balance sheet of Sephaku Holdings Ltd (SEP)?
Balance-sheet figures for Sephaku Holdings Ltd (as of Nov 11, 2026): return on equity 7.0%, debt of 0.07 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is SEP from its 52-week high?
Sephaku Holdings Ltd trades at R2.20, about 7% below its 52-week high of R2.36 and 48% above the low of R1.49 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of R2.32 is for.
Which stocks are comparable to Sephaku Holdings Ltd?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, 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 Sephaku Holdings Ltd stock attractive at the current price?
The data as of Nov 11, 2026: price R2.20, calculated fair value R2.32 (+6%), Quality Score 54/100, from 23 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 SEP calculated?
We run Sephaku Holdings Ltd through 23 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of R2.32 builds on their evidence-weighted average, 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 15.1% above its aggregate fair value. Sephaku Holdings Ltd currently trades 5% 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 Sephaku Holdings Ltd (SEP)?
The closing price on Nov 10, 2026 was R2.20. Our model-based fair value is R2.32, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sephaku Holdings Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (R1.69 to R4.02) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Sephaku Holdings Ltd (SEP) come from?
Earnings per share at Sephaku Holdings Ltd grew +1.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +2.5 %, EBIT margin −1.8 %, tax rate +1.1 %, residual (interest, one-offs) −0.3 %. 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 Sephaku Holdings Ltd
How large is the market capitalisation of Sephaku Holdings Ltd (SEP)?
The market capitalisation of Sephaku Holdings Ltd is 507M ZAR. 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 Sephaku Holdings Ltd (SEP)?
The price-to-sales ratio of Sephaku Holdings Ltd is 0.39 (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 Sephaku Holdings Ltd (SEP)?
Earnings per share at Sephaku Holdings Ltd are R0.4100 (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sephaku Holdings Ltd (SEP)?
The net margin of Sephaku Holdings Ltd is 7.2% (last twelve months). 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 Sephaku Holdings Ltd (SEP)?
The return on equity (ROE) of Sephaku Holdings Ltd is 7.0% (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 Sephaku Holdings Ltd (SEP)?
On an EBIT basis the return on assets of Sephaku Holdings Ltd is 5.1% (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 Sephaku Holdings Ltd (SEP)?
The operating margin of Sephaku Holdings Ltd is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sephaku Holdings Ltd (SEP)?
Revenue at Sephaku Holdings Ltd is growing +10.1% versus a year earlier (3y avg +9.6%). 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 Sephaku Holdings Ltd (SEP)?
Earnings per share at Sephaku Holdings Ltd are growing +38.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sephaku Holdings Ltd (SEP) carry?
The net debt of Sephaku Holdings Ltd is 180M ZAR (fiscal year 2026, ≈ 56.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Why does Sephaku Holdings Ltd meet the fair value rule although the fair value shown is lower?
Peak profit dampened: R3.62 → R2.32. The latest annual profit is far above the years before, and such peaks rarely last. So we calculate cautiously with R2.32 instead of R3.62. If the profit stays high, we ease the caution year by year. As in the backtest, the fair value rule checks the value before: +64% against the price.
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Thin data
Nov 11, 2026