Sanlam Limited (SLM) Fair Value & Analysis
Financial Services · ZA · Market cap 177B ZAC
Fair value as of: Jun 26, 2026
From 26 valuation models · updated 3 days ago
Fair value updated Jun 26, 2026 — revised from R129.68 to R99.17 (−23.5%) since Jun 24, 2026. Share price +3.6% over the past month.
Price vs Fair Value (12 months)
12‑month range R78.43 – R101.04 · fair‑value band R74.37 – R123.96 · the R88.82 price screens below the R99.17 fair value. As of Jun 26, 2026.
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Sanlam Limited (SLM) currently trades at R88.82, while our model-based Fair Value estimate is R99.17 — implying the stock looks roughly 11.7% undervalued today. We read business quality at 94/100 (high quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, Sanlam Limited generated revenue of 245B ZAR at a net margin of 6.5%. Revenue grew 8.6% year over year. It earns a return on equity of 16.9%. The balance sheet holds a net cash position of 16.1B ZAR. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
Sanlam Limited provides various financial services in South Africa, Pan-Africa, Asia, and internationally. The company operates through Sanlam Life and Savings; Pan-Africa; Asia; Sanlam Investments; and Santam segments. It offers life, disability, severe illness, income protection, funeral, credit life, health solutions, and cancer coverage; and corporate insurance solutions, including group risk, life, disability, severe and critical illness, and funeral insurance. The company also provides financial planning services; retirement solutions, such as saving for retirement, retirement preservation, retirement fund members, and two-pot retirement; investments for education planning, unit trusts, and tax-free savings; credit solutions, such as personal and home loans, online shopping credit, and same day express loan; and Sanlam reality programs. In addition, it offers consulting and advisory; health solutions comprising wellness, employee assistance programs, occupational health progra…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sanlam Limited reported revenue of R289B in FY2025 versus R192B in FY2021, a compound +10.8%/yr. Reported net income was R15.9B in FY2025, compounding +13.9%/yr from FY2021.
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Similar stocks
6 more Insurance - Life stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Ping An Insurance (Group) Company 601318 | ¥53.22 | ¥106.44 | +100% |
| China Life Insurance Company 601628 | ¥34.63 | ¥69.26 | +100% |
| AIA Group AAGIY | $37.78 | $30.44 | -19% |
| Manulife Financial Corporation MFC | $40.19 | $33.76 | -16% |
| China Pacific Insurance (Group) Co CHPXF | $3.65 | $5.85 | +60% |
| Aflac Incorporated AFL | $116.55 | $78.53 | -33% |
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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.