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Trustco Group (TTO) Fair Value & Analysis

Financial Services · ZA · Market cap 344M ZAC

TG Trustco Group TTO · JSE
PriceR0.0030
Fair ValueR0.0031
Upside+3.0%
Quality89/100
Evidence: Medium Range R0.0031 – R0.0031

Fair value as of: Jun 26, 2026

From 8 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from R0.6000 to R0.0031 (−99.5%) since Jun 25, 2026.

Price vs Fair Value (12 months)

R0.0030 R0.0030 Fair Value R0.0031 Jun 2025 Jun 2026

12‑month range R0.0030 – R0.0030 · the R0.0030 price screens below the R0.0031 fair value. As of Jun 26, 2026.

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Analysis

Trustco Group (TTO) currently trades at R0.0030, while our model-based Fair Value estimate is R0.0031 — implying the stock looks roughly 3.0% undervalued today. We read business quality at 89/100 (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: medium) — always confirm before acting.

Revenue declined 56.7% year over year. It earns a return on equity of -22.6%. Net debt stands at 881M ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) −219M ZAC
Revenue growth (YoY) -56.7%
Return on equity -22.6%
Free cash flow −6.0M ZAC FY2023
EPS (TTM) R-0.3200
EPS growth (YoY) +579%
More key figures
Net debt 881M ZAC FY2023

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

About the company

Trustco Group Holdings Limited, together with its subsidiaries, provides banking, financial, and education related products and services. The company provides short- and long-term insurance products to individuals, and small and medium enterprises, as well as invests primarily in mixed use land development. It also offers construction and management services. In addition, the company offers commercial banking services to individuals and businesses; financial assistance services for educational and training purposes; and long-term property advances. Further, it primarily conducts mining operations with focus on diamond industry. The company has operations in Namibia, South Africa, Mauritius, and Sierra Leone. Trustco Group Holdings Limited was founded in 1992 and is headquartered in Windhoek, Namibia.

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Trustco Group reported revenue of R91.0M in FY2023 versus R1.5B in FY2019, a compound −50.2%/yr. Reported net income was −R681M in FY2023.

Revenue −50.2%/yr
FY19 R1.5B
FY20 R455M
FY21 R341M
FY22 −R1.7B
FY23 R91.0M
Net income
FY19 R608M
FY20 R669M
FY21 −R889M
FY22 R4.8B
FY23 −R681M

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Frequently asked questions

Is Trustco Group (TTO) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R0.0031 versus a price of R0.0030 — about +3% (undervalued). Model-based estimate, not financial advice.
What is the fair value of TTO?
Our 21-model fair value for Trustco Group is R0.0031 (as of Jun 26, 2026), built from audited fundamentals. The current price is R0.0030.
What is the quality score of TTO?
Trustco Group has a Quality Score of 89/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of TTO?
The net profit margin of Trustco Group is about 0.0%, meaning it keeps roughly 0.0% 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.