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Super Group (SPG) Fair Value & Analysis

Industrials · ZA · Market cap 6.1B ZAC

SG Super Group SPG · JSE
PriceR19.10
Fair ValueR202.97
Upside+962.7%
Quality93/100
Evidence: Low Range R149.32 – R253.71

Fair value as of: Jun 26, 2026

From 17 valuation models · updated 3 days ago

Share price +16.0% over the past month.

Price vs Fair Value (12 months)

R19.99 R12.37 Fair Value R202.97 Jun 2025 Jun 2026

12‑month range R12.37 – R19.99 · fair‑value band R149.32 – R253.71 · the R19.10 price screens below the R202.97 fair value. As of Jun 26, 2026.

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Analysis

Super Group (SPG) currently trades at R19.10, while our model-based Fair Value estimate is R202.97 — implying the stock looks roughly 962.7% undervalued today. We read business quality at 93/100 (high 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: low) — always confirm before acting.

Over the trailing twelve months, Super Group generated revenue of 46.0B ZAR at a net margin of 7.7%. Revenue grew 7.0% year over year. It earns a return on equity of 6.4%. Net debt stands at 4.6B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 46.0B ZAC
Revenue growth (YoY) +7.0%
Net margin 7.7%
Return on equity 6.4%
Free cash flow −793M ZAC FY2025
P/E ratio 4.4
More key figures
Operating margin 4.9%
EPS (TTM) R4.07
EPS growth (YoY) -85.6%
Net debt 4.6B ZAC FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Super Group Limited engages in the supply chain management, mobility, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Europe, and the United Kingdom. It operates through seven segments: Supply Chain Africa, Supply Chain Europe, Fleet Africa, SG Fleet, Dealerships SA, Dealerships UK, and Services. The company provides supply chain services comprising primary and secondary distribution, multi-temperature-controlled product distribution, integrated distribution to the national convenience market, bonded cross-border transport, warehousing, supply chain optimisation and consulting, brand management, sales and merchandising, courier services, and procurement. It also offers fleet management solutions for specific transport and vehicle management needs of various customers; and various value-added services, such as driver, fuel, and tyre management; accident and insurance administration; fleet optimization and route planning; vehicle tracking and recovery;…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Super Group reported revenue of R44.5B in FY2025 versus R39.5B in FY2021, a compound +3.0%/yr. Reported net income was R4.0B in FY2025, compounding +40.9%/yr from FY2021.

Revenue +3.0%/yr
FY21 R39.5B
FY22 R47.4B
FY23 R61.9B
FY24 R64.9B
FY25 R44.5B
Net income +40.9%/yr
FY21 R1.0B
FY22 R1.4B
FY23 R1.6B
FY24 R43.5M
FY25 R4.0B

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Frequently asked questions

Is Super Group (SPG) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R202.97 versus a price of R19.10 — about +963% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SPG?
Our 21-model fair value for Super Group is R202.97 (as of Jun 26, 2026), built from audited fundamentals. The current price is R19.10.
What is the quality score of SPG?
Super Group has a Quality Score of 93/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Super Group (SPG)?
Super Group reported trailing-twelve-month revenue of about 46.0B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of SPG?
The net profit margin of Super Group is about 7.7%, meaning it keeps roughly 7.7% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.