Universal Partners Ltd (UPL) Fair Value & Analysis
Financial Services · ZA · Market cap 1.3B ZAC
Fair value as of: Aug 19, 2026
From 2 valuation models · updated today
Fair value updated Aug 19, 2026, revised from R1.00 to R21.94 (+2,094.0%) since Aug 13, 2026. Share price +0.1% over the past month.
Below-average quality, screening 21% undervalued on our models.
What matters now
- Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
- 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 Aug 19, 2026.
How to read this chart
60‑month range R14.50 – R2,500 · fair‑value band R16.45 – R27.42 · the R18.09 price screens below the R21.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.
Analysis
Universal Partners Ltd (UPL) currently trades at R18.09, while our model-based Fair Value estimate is R21.94, implying the stock looks roughly 21.3% undervalued today. The Quality Score stands at 47/100 (below-average 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: low), always confirm before acting.
Trailing-twelve-month revenue stands at 7.3K ZAR. Revenue declined 15.4% year over year. It earns a return on equity of -0.9%. Net debt stands at 5.5M ZAR. Fundamentals as of Aug 19, 2026
Our scenario range runs from R16.45 (bear case) to R27.42 (bull case); at R18.09, 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. The share trades about 14% below its 52-week high and 29% above its 52-week low. For context, the median of 10 Financial Services peers we cover trades at -33% fair-value upside, at 21%, UPL 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.
All 2 models by family
Widest divergence: Multiples (R1.00) versus Asset-Based (R0.7900). Highest evidence: P/B Multiple (55).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 34
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
Universal Partners Limited operates as an investment holding company in the United Kingdom and Europe. The company provides workforce management solutions; provides recruitment services in the data, software, cloud infrastructure, and cyber security markets under the Xcede brand; and global energy recruitment services under the EarthStream brand.
Full company description
Universal Partners Limited operates as an investment holding company in the United Kingdom and Europe. The company provides workforce management solutions; provides recruitment services in the data, software, cloud infrastructure, and cyber security markets under the Xcede brand; and global energy recruitment services under the EarthStream brand. It also engages in the operation of a dental care platform and credit investing and lending activities. Additionally, the company engages in the development of toilets under the Propelair name. Universal Partners Limited was incorporated in 2016 and is based in Grand Baie, Mauritius.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Universal Partners Ltd reported revenue of R287K in FY2025 versus R684K in FY2021, a compound −19.5%/yr. Reported net income was −R8.4M in FY2025.
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Peer Group
Asset Management · 706 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 Asset Management 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.
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 Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BlackRock, Inc BLK | $1,161 | $465.75 | -60% |
| Blackstone Inc BX | $146.41 | $52.88 | -64% |
| Investor AB INVEB | kr 417.90 | kr 835.80 | +100% |
| AB Industrivärden INDUA | kr 544.00 | kr 375.93 | -31% |
| ICICIAMC ICICIAMC | ₹3,077 | ₹1,132 | -63% |
| Hedef Holding HEDEF | 267.25 TRY | 321.44 TRY | +20% |
| Jio Financial Services Limited JIOFIN | ₹256.05 | ₹171.84 | -33% |
| Bajaj Holdings BAJAJHLDNG | ₹11,294 | ₹11,257 | -0% |
| HDFC Asset Management Company HDFCAMC | ₹2,490 | ₹866.78 | -65% |
| Nippon Life Asset Management Limited NAMINDIA | ₹1,182 | ₹311.00 | -74% |
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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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