Santam Ltd (SNT) Fair Value & Analysis
Financial Services · ZA · Market cap 41.5B ZAC
Fair value as of: Jun 26, 2026
From 26 valuation models · updated 3 days ago
Fair value updated Jun 26, 2026 — revised from R631.69 to R483.05 (−23.5%) since Jun 24, 2026. Share price +4.1% over the past month.
Price vs Fair Value (12 months)
12‑month range R360.15 – R449.14 · fair‑value band R362.29 – R603.82 · the R387.47 price screens below the R483.05 fair value. As of Jun 26, 2026.
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Santam Ltd (SNT) currently trades at R387.47, while our model-based Fair Value estimate is R483.05 — implying the stock looks roughly 24.7% undervalued today. We read business quality at 92/100 (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, Santam Ltd generated revenue of 61.2B ZAR at a net margin of 6.6%. Revenue grew 4.9% year over year. It earns a return on equity of 33.1%. The balance sheet holds a net cash position of 1.0B 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
Santam Ltd, together with its subsidiaries, provides various general insurance products and services to individuals, commercial, and corporate markets in South Africa, rest of Africa, and internationally. It offers personal insurance, such as car insurance, home, contents insurance, building insurance, all risk insurance, watercraft insurance, drone insurance, travel insurance, and personal legal insurance; business insurance, including motor insurance, property insurance, small, business insurance, liability insurance, business legal insurance, and industry specific products. The company also provides insurance for specialized risks comprising accident and health, aviation, business travel insurance, casualty, cell captive, commercial drone, construction and engineering, corporate property, crop insurance, emerging business, family protect, heavy haulage, legal insurance, marine, motor fleets, private client, and structured insurance. In addition, it offers insurance for agricultur…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Santam Ltd reported revenue of R61.2B in FY2025 versus R30.8B in FY2021, a compound +18.8%/yr. Reported net income was R4.1B in FY2025, compounding +10.3%/yr from FY2021.
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6 more Insurance - Specialty stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
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|---|---|---|---|
| Fidelity National Financial, Inc FNF | $47.60 | $53.25 | +12% |
| Medibank Private Limited MDBPF | $3.90 | $1.97 | -49% |
| Beazley plc BZLYF | $16.90 | $21.66 | +28% |
| Ryan Specialty Holdings RYAN | $33.26 | $12.31 | -63% |
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| First American Financial Corporation FAF | $66.13 | $119.17 | +80% |
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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.