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Stefstock (SSK) Fair Value & Analysis

Industrials · ZA · Market cap 1.2B ZAC

S Stefstock SSK · JSE
PriceR5.96
Fair ValueR6.95
Upside+16.6%
Quality72/100
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Strengths

Trades 17% below our fair value of R6.95
Healthy Growth
Low debt · generates free cash flow
Ranks above peers (11/14)

Risks

!Thin margins · 7.9% net margin
!Moderate moat 63/100
!Weak on future: 17 out of 100
Healthy Growth
Thin margins · 7.9% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Moderate moat 63/100
Evidence: High Range R5.28 – R8.62 Share as image

Fair value as of: Aug 23, 2026

From 24 valuation models · updated today

Fair value updated Aug 23, 2026, revised from R68.88 to R6.95 (−89.9%) since Aug 13, 2026. Share price −11.3% over the past month.

A solid business, screening 17% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • Our model range runs from R5.28 (bear) to R8.62 (bull), base R6.95. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 72/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

R7.20 R0.4100 Fair Value R6.95 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range R0.4100 – R7.20 · fair‑value band R5.28 – R8.62 · the R5.96 price screens below the R6.95 fair value. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Stefstock (SSK) currently trades at R5.96, while our model-based Fair Value estimate is R6.95, implying the stock looks roughly 16.6% undervalued today. The Quality Score stands at 72/100 (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, Stefstock generated revenue of 7.8B ZAR at a net margin of 7.9%. Revenue grew 0.8% year over year. It earns a return on equity of 207.5%. The balance sheet holds a net cash position of 442M ZAR. Fundamentals as of Aug 23, 2026

Our scenario range runs from R5.28 (bear case) to R8.62 (bull case); at R5.96, the current price sits within 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 -30% fair-value upside, at 17%, SSK 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 R81.30 R101.59 R129.08 80
Residual Income R21.46 R47.62 R1,821 76
Rev-Margin DCF R58.34 R77.08 R98.99 74
All 24 models by family
DCF Models
FCF DCF R79.61 R101.23 R132.34 38
Owner Earnings R38.46 R47.93 R61.56 31
5Y Revenue Exit R58.34 R75.53 R97.95 39
5Y EBITDA Exit R62.22 R82.23 R106.03 41
5Y P/E Exit R66.54 R89.68 R114.46 38
10Y Revenue Exit R66.05 R81.76 R99.31 36
10Y EBITDA Exit R69.15 R85.83 R104.39 37
10Y P/E Exit R71.59 R90.36 R109.69 35
Earnings-Based
Graham-Dodd R25.19 R48.10 R59.96 54
EPV R36.88 R41.04 R44.51 59
Dividend Discount
Gordon GGM R0.9800 R1.27 R1.54 70
DDM Multi-Stage R0.9800 R1.28 R1.60 61
Multiples
P/E Multiple R58.34 R77.79 R97.24 63
P/S Multiple R47.23 R62.98 R78.72 58
P/B Multiple R11.97 R15.96 R19.95 55
EV/EBIT R61.15 R79.41 R97.67 53
EV/EBITDA R56.05 R72.61 R89.16 54
EV/Revenue R45.47 R62.22 R78.98 43
Asset-Based
NCAV (Graham) R1.77 R2.38 R3.55 50
Growth DCF
Growth DCF R81.30 R101.59 R129.08 80
Rev-Margin DCF R58.34 R77.08 R98.99 74
Economic Profit
Residual Income R21.46 R47.62 R1,821 76
ROIC Compounder R36.88 R41.04 R44.51 72
Growth Earnings
Growth-Adj P/E R41.80 R59.71 R77.63 68

Widest divergence: DCF Models (R82.23) versus Dividend Discount (R1.27). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 7.8B ZAC
Revenue growth (YoY) +0.8%
Net margin 7.9%
Return on equity 207%
Free cash flow 1.4B ZAC FY2026
P/E ratio 1.7
More key figures
Operating margin 13.3%
EPS (TTM) R3.57
EPS growth (YoY) +340%
Net cash 442M ZAC FY2026

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 70 · Market factors (momentum, volatility) 63

Profitability 82
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 40
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 72
Distance to the 52-week high (market factor)
Net Issuance 65
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

Stefanutti Stocks Holdings Limited, together with its subsidiaries, operates as a construction company in South Africa and sub-Saharan Africa.

Full company description

Stefanutti Stocks Holdings Limited, together with its subsidiaries, operates as a construction company in South Africa and sub-Saharan Africa. It engages in the building; civils and geotechnical; roads earthworks, mining infrastructure, and renewable energy infrastructure; materials handling and tailings management; mechanical electrical piping; and oil and gas works, as well as general contracting services. The company was founded in 1971 and is headquartered in Kempton Park, South Africa.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Stefstock reported revenue of R7.8B in FY2026 versus R6.0B in FY2022, a compound +7.1%/yr. Reported net income was R620M in FY2026.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
7.8B ZAR
Latest YoY
+2.4%
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.
+9.4%
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.
+9.2%
Avg. growth/yr (19Y) 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.
+8.4%
Revenue +7.1%/yr
FY22 R6.0B
FY23 R6.0B
FY24 R7.1B
FY25 R7.7B
FY26 R7.8B
Net income
FY22 −R415M
FY23 R14.6M
FY24 R15.9M
FY25 R131M
FY26 R620M
Character of growth · EPS growth decomposed (2015-2026) +3.9 % p.a.
Revenue per share −2.2 pp

of which total revenue −3.1 pp · buybacks/dilution +0.9 pp

EBIT margin +28.1 pp
Tax rate +2.4 pp
Residual (interest, one-offs) −24.4 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). "Stefstock Fair Value". https://www.fairvalue-calculator.com/stock/SSK

Peer Group

Engineering & Construction · 832 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 72 · Top 25%
Fair Value upside +17% · Above median
Return on equity (TTM) 207% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 3% · Above median
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 1.7× · Cheaper than 75% of peers
P/B 1.99× · Pricier than median
P/S (TTM) 0.15× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
PEG 44.75× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE55 · sector 17
FUTURE17 · sector 17
PAST100 · sector 26
HEALTH96 · sector 94
DIVIDEND38 · sector 39

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

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,072 ₹2,196 -46%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹228.50 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 33,250 KRW 23,135 KRW -30%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is Stefstock (SSK) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of R6.95 versus a price of R5.96, about +17% (undervalued).
What is the fair value of SSK?
Our model-based fair value for Stefstock is R6.95 (as of Aug 23, 2026), built from audited fundamentals. The current price: R5.96.
What is the quality score of SSK?
Stefstock has a Quality Score of 72/100. 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 Stefstock (SSK)?
Stefstock reported trailing-twelve-month revenue of about 7.8B ZAR (latest available figure, as of Aug 23, 2026).
What is the net profit margin of SSK?
The net profit margin of Stefstock is about 7.9%, meaning it keeps roughly 7.9% 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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