Sygnia Limited (SYG) Fair Value & Analysis
Financial Services · ZA · Market cap 5.1B ZAC
Fair value as of: Jul 11, 2026
From 2 valuation models · updated 30 days ago
Share price −2.8% over the past month.
A solid business, but screening 76% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (R9.96). The favourable scenario is already priced in.
- Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range R13.43 – R41.50 · fair‑value band R5.97 – R9.96 · the R33.20 price screens above the R7.97 fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Sygnia Limited (SYG) currently trades at R33.20, while our model-based Fair Value estimate is R7.97, implying the stock looks roughly 76.0% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Sygnia Limited generated revenue of 1.1B ZAR at a net margin of 35.8%. Revenue grew 13.8% year over year. It earns a return on equity of 44.0%. The balance sheet holds a net cash position of 37.7M ZAR. Fundamentals as of Jul 11, 2026
Our scenario range runs from R5.97 (bear case) to R9.96 (bull case); at R33.20, the current price sits above 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 Financial Services peers we cover trades at -15% fair-value upside, at -76%, SYG screens richer 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.
All 2 models by family
Widest divergence: Multiples (R4.84) versus Asset-Based (R3.81). Highest evidence: P/B Multiple (55).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 52
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
Sygnia Limited, a financial services group, provides investment management and administration services to institutional and retail clients primarily in South Africa.
Full company description
Sygnia Limited, a financial services group, provides investment management and administration services to institutional and retail clients primarily in South Africa. It offers investment funds, such as unitised life funds, unit trusts, ETFs, and management of segregated portfolios; various savings products, including retirement annuities, tax-free savings accounts, investment policies, living annuities, and preservation funds; and institutional investment administration, employee benefits, and retirement fund services. Sygnia Limited was formerly known as Sygnia Investment Holdings No 2 Proprietary Limited and changed its name to Sygnia Limited in July 2015. The company was founded in 2003 and is headquartered in Cape Town, South Africa.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sygnia Limited reported revenue of R1.1B in FY2025 versus R737M in FY2021, a compound +9.7%/yr. Reported net income was R382M in FY2025, compounding +12.3%/yr from FY2021.
of which total revenue −11.6 pp · buybacks/dilution −3.0 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).
SYG screens 76% overvalued. Compare with ORIX Corporation →
Peer Group
Financial Conglomerates · 56 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.
Valuation Multiples vs Financial Conglomerates median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Financial Conglomerates stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ORIX Corporation IX | $40.31 | $35.05 | -13% |
| Bajaj Finserv Ltd BAJAJFINSV | ₹2,065 | ₹682.29 | -67% |
| Yuanta Financial Holding 2885 | 66.70 TWD | 35.75 TWD | -46% |
| China Galaxy Securities Co 601881 | ¥12.94 | ¥18.92 | +46% |
| Guosen Securities Co 002736 | ¥10.34 | ¥17.96 | +74% |
| CNPC Capital Company 000617 | ¥6.80 | ¥5.78 | -15% |
| Aditya Birla Capital Limited ABCAPITAL | ₹399.25 | ₹176.15 | -56% |
| Freedom Holding FRHC | $152.69 | $32.75 | -79% |
| Voya Financial, Inc VOYA | $98.49 | $76.48 | -22% |
| Guangzhou Yuexiu Capital Holdings 000987 | ¥7.77 | ¥9.27 | +19% |
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Frequently asked questions
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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.
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