Standard Bank Group

Digital Expansion And Disciplined Execution Will Drive Resilience Amid Market Headwinds

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

16 Mar 25

Updated

07 Dec 25

Views

172

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

25.1%

7D

4.1%

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1Y

25.1%

7D

4.1%

You can edit this narrative until Dec 8 11:05 PM. Then, changes will post as Updates.

Author's Valuation

R288.061.4% undervalued

AnalystConsensusTarget Fair Value

Shared on 07 Dec 25

Fair value Increased 0.93%

SBK: Easing Macro Headwinds Will Support Stable Returns And Fair Value Ahead

Analysts have nudged their fair value estimate for Standard Bank Group higher, lifting the price target from ZAR 285.39 to about ZAR 288.06 as easing macro headwinds and an improving near term growth outlook support slightly stronger revenue growth assumptions, despite modestly lower margin expectations. Analyst Commentary Bullish analysts point to a healthier macro backdrop for South African banks and a more supportive growth outlook as key reasons the fair value estimate for Standard Bank Group can drift higher, even without a material re-rating of the sector.

Shared on 23 Nov 25

Fair value Increased 2.18%

SBK: Resilience Amid Headwinds Will Support Fair Value Performance Ahead

Analysts have raised their price target for Standard Bank Group from ZAR 279.32 to ZAR 285.39, citing improved revenue growth projections and a more robust near-term outlook for South African banks. Analyst Commentary Recent coverage and price target adjustments reflect analysts' evolving perspectives on Standard Bank Group, especially as the South African banking market encounters a period of change.

Shared on 08 Nov 25

SBK: Future Performance Will Balance Efficiency Gains With Economic Headwinds

Narrative Update on Standard Bank Group Analysts have reaffirmed their price target for Standard Bank Group at R279.32 per share, citing stable revenue growth and ongoing improvements in profitability as justification for maintaining their valuation outlook. Analyst Commentary Market observers have weighed current performance indicators and strategic execution when evaluating Standard Bank Group's outlook.

Shared on 25 Oct 25

Analysts have modestly increased their price target for Standard Bank Group, citing ongoing resilience in profit margins and stable revenue growth. The new target reflects a minor adjustment in expectations to R279.32 per share.

Shared on 11 Oct 25

Fair value Increased 1.77%

Standard Bank Group's analyst price target has been increased from R274.45 to R279.32. Analysts cite slightly higher revenue growth expectations and a modest adjustment in discount rates to support the updated valuation.

Shared on 04 Sep 25

With both revenue growth forecasts and future P/E estimates unchanged, analysts have maintained their fair value estimate for Standard Bank Group at ZAR274.45. Valuation Changes Summary of Valuation Changes for Standard Bank Group The Consensus Analyst Price Target remained effectively unchanged, at ZAR274.45.

Shared on 01 May 25

Fair value Increased 7.19%

Shared on 23 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 0.34%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

Fair value Decreased 0.77%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 1.22%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 26 Mar 25

Fair value Increased 0.44%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 19 Mar 25

Fair value Decreased 2.97%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget Fair Value

R288.06

1.4% undervalued

Future estimation in

Growth p.a.

Growth p.a.

%

Decrease

Increase

Current revenue growth rate

8.47%

Banks revenue growth rate

0.26%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

19.05%

Calculation

R59.85b

Earnings '28

x

12.64x

PE Ratio '28

=

R756.39b

Market Cap '28

R756.39b

Market Cap '28

/

1.56b

No. shares '28

=

R485.98

Share Price '28

R485.98 Share Price '28

Discounted to 2025 @ 19.06% p.a.

=

R287.98

Fair Value '25