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Santova Limited (SNV) Fair Value & Analysis

Industrials · ZA · Market cap 1.0B ZAC

SL Santova Limited SNV · JSE
PriceR8.00
Fair ValueR14.92
Upside+86.5%
Quality70/100
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Healthy Growth
Solidly profitable · 11.5% net margin
Low debt · generates free cash flow
Ranks above peers (12/13)
Moderate moat 56/100
Evidence: High Range R11.19 – R18.65 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from R22.43 to R14.92 (−33.5%) since Jun 26, 2026. Share price +1.3% over the past month.

A solid business, screening 86% undervalued on our models.

What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (R11.19). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

R9.68 R2.60 Fair Value R14.92 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range R2.60 – R9.68 · fair‑value band R11.19 – R18.65 · the R8.00 price screens below the R14.92 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Santova Limited (SNV) currently trades at R8.00, while our model-based Fair Value estimate is R14.92, implying the stock looks roughly 86.5% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Industrials 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, Santova Limited generated revenue of 1.2B ZAR at a net margin of 11.5%. Revenue grew 116.2% year over year. It earns a return on equity of 10.8%. The balance sheet holds a net cash position of 18.6M ZAR. Fundamentals as of Jul 18, 2026

Our scenario range runs from R11.19 (bear case) to R18.65 (bull case); at R8.00, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Industrials peers we cover trades at -11% fair-value upside, at 86%, SNV screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth DCF R25.08 R41.21 R66.56 80
Residual Income R8.44 R9.25 R12.63 76
Rev-Margin DCF R20.55 R33.01 R58.88 74
All 26 models by family
DCF Models
FCF DCF R26.57 R37.44 R69.93 38
Owner Earnings R23.87 R46.33 R88.01 31
5Y Revenue Exit R19.12 R29.21 R50.20 39
5Y EBITDA Exit R24.88 R40.84 R72.11 41
5Y P/E Exit R22.14 R43.08 R71.14 38
10Y Revenue Exit R21.28 R38.91 R48.87 36
10Y EBITDA Exit R25.56 R50.21 R92.28 37
10Y P/E Exit R23.73 R44.84 R78.42 35
Earnings-Based
Graham-Dodd R7.26 R50.65 R71.09 54
Lynch FV R24.37 R34.81 R45.25 50
PEG = 1.0 R24.37 R34.81 R45.25 46
EPV R11.61 R12.80 R13.79 59
Dividend Discount
Gordon GGM R1.30 R2.34 R3.22 70
DDM Multi-Stage R1.30 R2.13 R2.50 61
Multiples
P/E Multiple R16.82 R22.43 R28.04 63
P/S Multiple R13.62 R18.16 R22.70 58
P/B Multiple R13.62 R18.16 R22.70 55
EV/EBIT R22.25 R28.68 R35.12 53
EV/EBITDA R23.72 R30.65 R37.58 54
EV/Revenue R14.55 R19.53 R24.51 43
Asset-Based
NCAV (Graham) R5.05 R6.77 R10.10 50
Growth DCF
Growth DCF R25.08 R41.21 R66.56 80
Rev-Margin DCF R20.55 R33.01 R58.88 74
Economic Profit
Residual Income R8.44 R9.25 R12.63 76
ROIC Compounder R13.08 R16.61 R19.31 72
Growth Earnings
Growth-Adj P/E R32.31 R46.15 R60.00 68

Widest divergence: Growth Earnings (R46.15) versus Dividend Discount (R2.13). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2B ZAC
Revenue growth (YoY) +116%
Net margin 11.5%
Return on equity 10.8%
Free cash flow 224M ZAC FY2026
P/E ratio 7.5
More key figures
Operating margin 19.8%
EPS (TTM) R1.06
EPS growth (YoY) +4.0%
Net cash 18.6M ZAC FY2026

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 69 · Market factors (momentum, volatility) 54

Profitability 42
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 82
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 92
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Santova Limited provides logistics services in Africa, the Asia Pacific, Europe, North America, and the United Kingdom. The company operates through Logistics Services and Financial Services segments.

Full company description

Santova Limited provides logistics services in Africa, the Asia Pacific, Europe, North America, and the United Kingdom. The company operates through Logistics Services and Financial Services segments. It provides international trade services, including supply chain engineering, logistics, global project management, client sourcing and procurement, express courier, and financial services; and development, implementation, analysis, management, and supply chain optimization services through cloud-based technologies and software packages. The company also offers business intelligence solutions that enables digital transformation through cloud-based technologies to unlock data for analysis or predictive analytics; insurance solutions; and value add services. Santova Limited was incorporated in 1998 and is headquartered in Durban, South Africa.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Santova Limited reported revenue of R1.2B in FY2026 versus R633M in FY2022, a compound +17.0%/yr. Reported net income was R137M in FY2026, compounding −5.2%/yr from FY2022.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
1.2B ZAR
Latest YoY
+88.3%
Avg. growth/yr (3Y) 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.
+19.1%
Avg. growth/yr (5Y) 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.
+21.1%
Avg. growth/yr (20Y) 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.
+3.9%
Revenue +17.0%/yr
FY22 R633M
FY23 R703M
FY24 R638M
FY25 R630M
FY26 R1.2B
Net income −5.2%/yr
FY22 R170M
FY23 R211M
FY24 R148M
FY25 R148M
FY26 R137M
Character of growth · EPS growth decomposed (2015-2026) +14.1 % p.a.
Revenue per share +14.3 pp

of which total revenue +12.8 pp · buybacks/dilution +1.6 pp

EBIT margin −1.9 pp
Tax rate −0.3 pp
Residual (interest, one-offs) +1.9 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Santova Limited Fair Value". https://www.fairvalue-calculator.com/stock/SNV

Peer Group

Integrated Freight & Logistics · 218 stocks

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.

Quality Score 70 · Top 25%
Fair Value upside +87% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 7% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 116% · Top 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Integrated Freight & Logistics median · lower = cheaper

P/E (TTM) 7.5× · Cheaper than 75% of peers
P/B 0.79× · Cheaper than median
P/S (TTM) 0.86× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 2.8× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 46
FUTURE 100 · sector 8
PAST 43 · sector 26
HEALTH 99 · sector 94
DIVIDEND 0 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Integrated Freight & Logistics stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
United Parcel Service, Inc UPS $117.72 $104.58 -11%
FedEx Corporation FDX $314.69 $347.68 +10%
Deutsche Post AG DHL €57.22 €53.18 -7%
DSV A/S DSV kr 1,660 kr 712.57 -57%
Kuehne + Nagel International AG KNIN CHF 209.90 CHF 147.92 -30%
J.B. Hunt Transport Services, Inc JBHT $291.41 $133.80 -54%
S.F. Holding 002352 ¥31.91 ¥48.64 +52%
C.H. Robinson Worldwide, Inc CHRW $193.50 $86.56 -55%
Expeditors International of Washington, Inc EXPD $172.02 $115.95 -33%
ZTO Express (Cayman) Inc 2057 HK$181.40 HK$241.93 +33%

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Frequently asked questions

Is Santova Limited (SNV) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of R14.92 versus a price of R8.00, about +86% (undervalued).
What is the fair value of SNV?
Our model-based fair value for Santova Limited is R14.92 (as of Jul 18, 2026), built from audited fundamentals. The current price is R8.00.
What is the quality score of SNV?
Santova Limited has a Quality Score of 70/100. 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 revenue of Santova Limited (SNV)?
Santova Limited reported trailing-twelve-month revenue of about 1.2B ZAR (latest available figure, as of Jul 18, 2026).
What is the net profit margin of SNV?
The net profit margin of Santova Limited is about 11.5%, meaning it keeps roughly 11.5% of revenue as net income. Based on the latest reported figures.

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.

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