Watchlist

Name: Financial Insights Based on S&P Global Market Intelligence
Creator: Simply Wall St Pty Ltd
License: https://www.spglobal.com/content/dam/spglobal/corporate/en/documents/secure/MI-FastTrack-Terms-and-Conditions-July-2023.pdf

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Watching

Company	Price & Valuation	My FV & Narrative	Valuation	Growth	Analyst Target
CROX Crocs US$108.933.3% undervalued intrinsic discount 12.1%7D 8.9%3M AN US$112.67author fair value 04 Mayauthor updated this narrative Asia And Europe Expansion Will Secure Lasting Market Strength
INL Investec Group R139.502.6% overvalued intrinsic discount 6.3%7D 1.1%3M AN R136.01author fair value 17 Decauthor updated this narrative Mid Market Expansion And Wealth Management Will Drive Long Term Earnings Upside
MPL Medibank Private AU$4.856.0% undervalued intrinsic discount 5.7%7D 8.5%3M AN AU$5.16author fair value 08 Janauthor updated this narrative Expanding Digital Health In Australia Will Build Future Success
FTH Frontier Transport Holdings R6.3422.2% undervalued intrinsic discount 5.5%7D 0.6%3M R8.15author fair value 25 Julauthor updated this narrative FTH (ZAR 6.34) is trading below our estimate of fair value (ZAR 8.17).
OMN Omnia Holdings R100.808.0% overvalued intrinsic discount 3.6%7D 14.7%3M AN R93.3author fair value 01 Mayauthor updated this narrative International Expansion And ESG Initiatives Will Boost Future Profitability
V Visa US$331.1216.3% undervalued intrinsic discount 2.7%7D 3.2%3M AN US$395.71author fair value 30 Aprauthor updated this narrative Global E-Commerce And Remittance Trends Will Transform Digital Payments
SBK Standard Bank Group R313.906.9% undervalued intrinsic discount 2.6%7D -1.9%3M AN R337.1author fair value 22 Aprauthor updated this narrative Digital Expansion And Disciplined Execution Will Drive Resilience Amid Market Headwinds
FSR FirstRand R89.8214.0% undervalued intrinsic discount 2.3%7D -8.4%3M AN R104.45author fair value 02 Mayauthor updated this narrative FSR: Stable Discount Rate And Political Stability Will Drive Future Market Confidence
ABG Absa Group R235.0014.0% undervalued intrinsic discount 2.1%7D -12.5%3M AN R273.25author fair value 28 Aprauthor updated this narrative Pan-African Integration And Digital Transformation Will Unlock Potential
7239 TACHI-S JP¥2,175.008.6% undervalued intrinsic discount 2.1%7D -4.9%3M JP¥2.38kauthor fair value 25 Julauthor updated this narrative Analysts are neutral with a Price Target of ¥2,380 based on -2.0% annual revenue growth forecasts.
CPI Capitec Bank Holdings R4,370.4211.4% undervalued intrinsic discount 2.0%7D -7.6%3M AN R4.93kauthor fair value 03 Mayauthor updated this narrative Analysts Adjust Capitec Valuation as Earnings and Dividend Forecasts Show Strong Growth
MA Mastercard US$499.6223.5% undervalued intrinsic discount 2.0%7D -5.1%3M AN US$653.28author fair value 24 Aprauthor updated this narrative Analysts Boost Mastercard Valuation Amid Strong Results and New Strategic Partnerships
SLM Sanlam R87.2224.8% undervalued intrinsic discount 1.9%7D -17.9%3M AN R116author fair value 06 Julauthor updated this narrative Africa's Urbanization And Digital Transformation Will Drive Lasting Expansion
500420 Torrent Pharmaceuticals ₹4,470.852.1% undervalued intrinsic discount 1.4%7D 5.5%3M AN ₹4.56kauthor fair value 12 Mayauthor updated this narrative Robust Indian And Brazilian Markets Will Unlock Potential
CMH Combined Motor Holdings R37.9911.7% undervalued intrinsic discount 1.3%7D 3.4%3M R43author fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ZAR 43.00 based on 11.7% annual revenue growth forecasts.
LHC Life Healthcare Group Holdings R11.2218.1% undervalued intrinsic discount 1.1%7D -5.6%3M AN R13.7author fair value 15 Aprauthor updated this narrative Aging Population And Digital Health Will Redefine Healthcare
TRU Truworths International R51.2124.7% undervalued intrinsic discount 0.8%7D -9.7%3M AN R68author fair value 15 Mayauthor updated this narrative Rising African Urbanization And Digital Adoption Will Fuel Retail Success
SHP Shoprite Holdings R295.376.9% undervalued intrinsic discount 0.8%7D 8.9%3M AN R317.19author fair value 25 Marauthor updated this narrative Sixty60 And Pingo Delivery Will Optimize Future Last-Mile Logistics
SEA Spear Reit R13.0912.7% undervalued intrinsic discount 0.7%7D 3.1%3M R15author fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ZAR 15.00 based on -20.4% annual revenue growth forecasts.
ARL Astral Foods R237.0010.6% undervalued intrinsic discount 0.2%7D -14.1%3M AN R265author fair value 29 Marauthor updated this narrative Better South African Crops Will Fuel Poultry Resurgence
JSE JSE R156.355.2% undervalued intrinsic discount 0.04%7D -0.5%3M AN R165author fair value 24 Aprauthor updated this narrative Digital Infrastructure Upgrades And African Market Expansion Will Boost Efficiency
AIP Adcock Ingram Holdings R74.800.3% undervalued intrinsic discount 0%7D 6.9%3M R75author fair value 19 Junauthor updated this narrative Analysts are neutral with a Price Target of ZAR 75.00 based on 6.9% annual revenue growth forecasts.
ARH ARB Holdings R8.45n/aintrinsic discount 0%7D 9.6%3M N/Aauthor fair value Yesterdayauthor updated this narrative Insufficient data to calculate ARH's fair value for valuation analysis.
VIS Visual International Holdings R0.0316.7k% overvalued intrinsic discount 0%7D 50.0%3M R0.00018author fair value 25 Julauthor updated this narrative VIS (ZAR 0.03) is trading above our estimate of fair value (ZAR 0.00).
SAR Safari Investments RSA R8.4017.2% undervalued intrinsic discount 0%7D 7.7%3M R10.15author fair value 25 Julauthor updated this narrative SAR (ZAR 8.40) is trading below our estimate of fair value (ZAR 10.15).
RFG RFG Holdings R24.899.2% overvalued intrinsic discount 0%7D 7.6%3M R22.8author fair value 19 Junauthor updated this narrative Analysts are neutral with a Price Target of ZAR 22.80, given the company revenues grew 1.6% over the last year.
PPH Pepkor Holdings R21.8730.2% undervalued intrinsic discount -0.05%7D -15.9%3M AN R31.33author fair value 13 Mayauthor updated this narrative FinTech Innovations And Choice Clothing Acquisition To Boost Global Revenue Growth
7814 JAPAN Creative Platform Group JP¥543.0048.9% overvalued intrinsic discount -0.4%7D -13.7%3M JP¥364.79author fair value 25 Julauthor updated this narrative 7814 (¥543) is trading above our estimate of fair value (¥365).
FCC Fomento de Construcciones y Contratas €11.5014.8% undervalued intrinsic discount -0.5%7D -2.9%3M AN €13.5author fair value 01 Mayauthor updated this narrative International Expansion And Circular Economy Will Drive Urban Infrastructure
SUR Spur R41.7537.6% undervalued intrinsic discount -0.6%7D 3.4%3M R66.86author fair value 19 Junauthor updated this narrative SUR (ZAR 41.75) is trading below our estimate of fair value (ZAR 66.89).
VOD Vodacom Group R152.640.5% overvalued intrinsic discount -0.9%7D -4.1%3M AN R151.88author fair value 18 Marauthor updated this narrative 5G Expansion And Climate Initiatives Will Open New Opportunities In Africa
BVT Bidvest Group R231.3821.4% undervalued intrinsic discount -1.0%7D -6.0%3M AN R294.39author fair value 13 Mayauthor updated this narrative Digital Integration And Logistics Will Sustain Momentum As Dividends Rise
6463 TPR JP¥1,275.002.7% undervalued intrinsic discount -1.0%7D -7.2%3M JP¥1.31kauthor fair value 25 Julauthor updated this narrative Analysts are neutral with a Price Target of ¥1,310 based on 5.0% annual revenue growth forecasts.
WBO Wilson Bayly Holmes-Ovcon R166.1124.5% undervalued intrinsic discount -1.1%7D -14.6%3M R220author fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ZAR 220.00 based on 5.9% annual revenue growth forecasts.
CLS Clicks Group R246.1231.4% undervalued intrinsic discount -1.1%7D -23.8%3M AN R358.88author fair value 18 Mayauthor updated this narrative Store And Digital Upgrades Will Create New Opportunities
LEW Lewis Group R81.6131.5% undervalued intrinsic discount -1.2%7D -10.8%3M R119.21author fair value 20 Junauthor updated this narrative LEW (ZAR 81.61) is trading below our estimate of fair value (ZAR 119.25).
NVS Novus Holdings R5.3492.1% undervalued intrinsic discount -1.3%7D -1.1%3M R67.99author fair value 25 Julauthor updated this narrative NVS (ZAR 5.34) is trading below our estimate of fair value (ZAR 68.10).
BATS British American Tobacco UK£48.925.9% overvalued intrinsic discount -1.4%7D 7.1%3M AN UK£46.21author fair value 18 Aprauthor updated this narrative Emerging Markets And Digital Transformation Will Enable Long-Term Stability
MTN MTN Group R205.005.2% undervalued intrinsic discount -1.5%7D 3.8%3M AN R216.25author fair value 15 Aprauthor updated this narrative African Connectivity And Fintech Will Unlock Future Opportunities
EXX Exxaro Resources R207.0019.3% undervalued intrinsic discount -1.5%7D 8.1%3M AN R256.4author fair value 19 Mayauthor updated this narrative Global Decarbonisation In Asia And India Will Undermine Coal Exports
PYPL PayPal Holdings US$44.2816.5% undervalued intrinsic discount -1.7%7D 6.3%3M AN US$53author fair value 16 Aprauthor updated this narrative Analyst Commentary Highlights Mixed Outlook and Modest Valuation Changes for PayPal Holdings
5101 Yokohama Rubber Company JP¥6,356.0014.4% undervalued intrinsic discount -1.8%7D -20.4%3M JP¥7.43kauthor fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ¥7,429 based on 4.9% annual revenue growth forecasts.
EGY VAALCO Energy US$5.8719.6% undervalued intrinsic discount -2.2%7D 14.0%3M AN US$7.3author fair value 21 Aprauthor updated this narrative Energy Shifts And West Africa Risks Will Test Oil Resilience
PMR Premier Group R171.1017.3% undervalued intrinsic discount -3.1%7D -5.6%3M R207author fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ZAR 207.00 based on 16.5% annual revenue growth forecasts.
GFI Gold Fields R655.9248.1% undervalued intrinsic discount -3.3%7D -23.5%3M AN R1.26kauthor fair value 03 Mayauthor updated this narrative Salares Norte And Windfall Will Capture Secular Demand
BOX Boxer Retail R82.5110.1% undervalued intrinsic discount -4.6%7D 13.0%3M R91.75author fair value 27 Novauthor updated this narrative Analysts are bullish with a Price Target of ZAR 91.75 based on 12.1% annual revenue growth forecasts.
PIK Pick n Pay Stores R21.3418.9% undervalued intrinsic discount -5.2%7D 5.2%3M AN R26.31author fair value 13 Mayauthor updated this narrative African Urbanization And Digital Transformation Will Redefine Modern Retail
IMP Impala Platinum Holdings R226.9435.8% undervalued intrinsic discount -6.4%7D -21.7%3M AN R353.56author fair value 19 Mayauthor updated this narrative IMP: Rising Earnings Guidance Will Drive Renewed Optimism Despite 79% EPS Decline
EME EMCOR Group US$849.2010.3% overvalued intrinsic discount -8.7%7D 4.5%3M AN US$770author fair value 03 Marauthor updated this narrative Rising Automation And Tightening Regulations Will Erode Margins
6995 Tokai Rika JP¥2,795.006.8% undervalued intrinsic discount -8.8%7D -14.4%3M JP¥3kauthor fair value 25 Julauthor updated this narrative Analysts are neutral with a Price Target of ¥3,000 based on -3.8% annual revenue growth forecasts.

Watching

Company	Price & Valuation	My FV & Narrative	Valuation	Growth	Analyst Target
CROX Crocs 12.1%7D 8.9%3M	US$108.93 3.3% undervalued intrinsic discount	AN US$112.67author fair value 04 Mayauthor updated this narrative Asia And Europe Expansion Will Secure Lasting Market Strength	PS 1.3x	E 61.0%	US$112.67
INL Investec Group 6.3%7D 1.1%3M	R139.50 2.6% overvalued intrinsic discount	AN R136.01author fair value 17 Decauthor updated this narrative Mid Market Expansion And Wealth Management Will Drive Long Term Earnings Upside	PE 8x	E 9.1%	R136.01
MPL Medibank Private 5.7%7D 8.5%3M	AU$4.85 6.0% undervalued intrinsic discount	AN AU$5.16author fair value 08 Janauthor updated this narrative Expanding Digital Health In Australia Will Build Future Success	PE 28.8x	E 11.5%	AU$5.08
FTH Frontier Transport Holdings 5.5%7D 0.6%3M	R6.34 22.2% undervalued intrinsic discount	R8.15author fair value 25 Julauthor updated this narrative FTH (ZAR 6.34) is trading below our estimate of fair value (ZAR 8.17).	PE 5.3x	S n/a	n/a
OMN Omnia Holdings 3.6%7D 14.7%3M	R100.80 8.0% overvalued intrinsic discount	AN R93.3author fair value 01 Mayauthor updated this narrative International Expansion And ESG Initiatives Will Boost Future Profitability	PE 13.7x	E 14.6%	R93.50
V Visa 2.7%7D 3.2%3M	US$331.12 16.3% undervalued intrinsic discount	AN US$395.71author fair value 30 Aprauthor updated this narrative Global E-Commerce And Remittance Trends Will Transform Digital Payments	PE 28.3x	E 10.8%	US$398.74
SBK Standard Bank Group 2.6%7D -1.9%3M	R313.90 6.9% undervalued intrinsic discount	AN R337.1author fair value 22 Aprauthor updated this narrative Digital Expansion And Disciplined Execution Will Drive Resilience Amid Market Headwinds	PE 10.4x	E 9.8%	R336.77
FSR FirstRand 2.3%7D -8.4%3M	R89.82 14.0% undervalued intrinsic discount	AN R104.45author fair value 02 Mayauthor updated this narrative FSR: Stable Discount Rate And Political Stability Will Drive Future Market Confidence	PE 11.4x	E 15.9%	R104.33
ABG Absa Group 2.1%7D -12.5%3M	R235.00 14.0% undervalued intrinsic discount	AN R273.25author fair value 28 Aprauthor updated this narrative Pan-African Integration And Digital Transformation Will Unlock Potential	PE 8.8x	E 12.5%	R272.69
7239 TACHI-S 2.1%7D -4.9%3M	JP¥2,175.00 8.6% undervalued intrinsic discount	JP¥2.38kauthor fair value 25 Julauthor updated this narrative Analysts are neutral with a Price Target of ¥2,380 based on -2.0% annual revenue growth forecasts.	PE 8x	E 4.9%	JP¥2,380.00
CPI Capitec Bank Holdings 2.0%7D -7.6%3M	R4,370.42 11.4% undervalued intrinsic discount	AN R4.93kauthor fair value 03 Mayauthor updated this narrative Analysts Adjust Capitec Valuation as Earnings and Dividend Forecasts Show Strong Growth	PE 30.1x	E 16.2%	R4,944.69
MA Mastercard 2.0%7D -5.1%3M	US$499.62 23.5% undervalued intrinsic discount	AN US$653.28author fair value 24 Aprauthor updated this narrative Analysts Boost Mastercard Valuation Amid Strong Results and New Strategic Partnerships	PE 28.4x	E 10.9%	US$646.97
SLM Sanlam 1.9%7D -17.9%3M	R87.22 24.8% undervalued intrinsic discount	AN R116author fair value 06 Julauthor updated this narrative Africa's Urbanization And Digital Transformation Will Drive Lasting Expansion	PE 11.4x	E 13.1%	R109.05
500420 Torrent Pharmaceuticals 1.4%7D 5.5%3M	₹4,470.85 2.1% undervalued intrinsic discount	AN ₹4.56kauthor fair value 12 Mayauthor updated this narrative Robust Indian And Brazilian Markets Will Unlock Potential	PE 66.6x	E 20.9%	₹4,564.93
CMH Combined Motor Holdings 1.3%7D 3.4%3M	R37.99 11.7% undervalued intrinsic discount	R43author fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ZAR 43.00 based on 11.7% annual revenue growth forecasts.	PE 6.7x	E 8.0%	R43.00
LHC Life Healthcare Group Holdings 1.1%7D -5.6%3M	R11.22 18.1% undervalued intrinsic discount	AN R13.7author fair value 15 Aprauthor updated this narrative Aging Population And Digital Health Will Redefine Healthcare	PS 0.6x	E 63.8%	R12.86
TRU Truworths International 0.8%7D -9.7%3M	R51.21 24.7% undervalued intrinsic discount	AN R68author fair value 15 Mayauthor updated this narrative Rising African Urbanization And Digital Adoption Will Fuel Retail Success	PE 6.7x	E 2.4%	R60.83
SHP Shoprite Holdings 0.8%7D 8.9%3M	R295.37 6.9% undervalued intrinsic discount	AN R317.19author fair value 25 Marauthor updated this narrative Sixty60 And Pingo Delivery Will Optimize Future Last-Mile Logistics	PE 21.2x	E 8.8%	R316.19
SEA Spear Reit 0.7%7D 3.1%3M	R13.09 12.7% undervalued intrinsic discount	R15author fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ZAR 15.00 based on -20.4% annual revenue growth forecasts.	PE 6.5x	S -8.4%	R15.00
ARL Astral Foods 0.2%7D -14.1%3M	R237.00 10.6% undervalued intrinsic discount	AN R265author fair value 29 Marauthor updated this narrative Better South African Crops Will Fuel Poultry Resurgence	PE 5.7x	S 3.2%	R290.00
JSE JSE 0.04%7D -0.5%3M	R156.35 5.2% undervalued intrinsic discount	AN R165author fair value 24 Aprauthor updated this narrative Digital Infrastructure Upgrades And African Market Expansion Will Boost Efficiency	PE 11.8x	E 4.8%	R165.00
AIP Adcock Ingram Holdings 0%7D 6.9%3M	R74.80 0.3% undervalued intrinsic discount	R75author fair value 19 Junauthor updated this narrative Analysts are neutral with a Price Target of ZAR 75.00 based on 6.9% annual revenue growth forecasts.	PE 12.8x	E 4.8%	R75.00
ARH ARB Holdings 0%7D 9.6%3M	R8.45 n/aintrinsic discount	N/Aauthor fair value Yesterdayauthor updated this narrative Insufficient data to calculate ARH's fair value for valuation analysis.	PE 10.6x	S n/a	n/a
VIS Visual International Holdings 0%7D 50.0%3M	R0.03 16.7k% overvalued intrinsic discount	R0.00018author fair value 25 Julauthor updated this narrative VIS (ZAR 0.03) is trading above our estimate of fair value (ZAR 0.00).	PE 7.5x	S n/a	n/a
SAR Safari Investments RSA 0%7D 7.7%3M	R8.40 17.2% undervalued intrinsic discount	R10.15author fair value 25 Julauthor updated this narrative SAR (ZAR 8.40) is trading below our estimate of fair value (ZAR 10.15).	PE 3.9x	S n/a	n/a
RFG RFG Holdings 0%7D 7.6%3M	R24.89 9.2% overvalued intrinsic discount	R22.8author fair value 19 Junauthor updated this narrative Analysts are neutral with a Price Target of ZAR 22.80, given the company revenues grew 1.6% over the last year.	PE 14.6x	S n/a	n/a
PPH Pepkor Holdings -0.05%7D -15.9%3M	R21.87 30.2% undervalued intrinsic discount	AN R31.33author fair value 13 Mayauthor updated this narrative FinTech Innovations And Choice Clothing Acquisition To Boost Global Revenue Growth	PE 14.3x	E 11.5%	R31.33
7814 JAPAN Creative Platform Group -0.4%7D -13.7%3M	JP¥543.00 48.9% overvalued intrinsic discount	JP¥364.79author fair value 25 Julauthor updated this narrative 7814 (¥543) is trading above our estimate of fair value (¥365).	PE 4.7x	S n/a	n/a
FCC Fomento de Construcciones y Contratas -0.5%7D -2.9%3M	€11.50 14.8% undervalued intrinsic discount	AN €13.5author fair value 01 Mayauthor updated this narrative International Expansion And Circular Economy Will Drive Urban Infrastructure	PE 33.1x	E 17.7%	€13.63
SUR Spur -0.6%7D 3.4%3M	R41.75 37.6% undervalued intrinsic discount	R66.86author fair value 19 Junauthor updated this narrative SUR (ZAR 41.75) is trading below our estimate of fair value (ZAR 66.89).	PE 11.5x	S n/a	n/a
VOD Vodacom Group -0.9%7D -4.1%3M	R152.64 0.5% overvalued intrinsic discount	AN R151.88author fair value 18 Marauthor updated this narrative 5G Expansion And Climate Initiatives Will Open New Opportunities In Africa	PE 14.3x	E 15.7%	R156.39
BVT Bidvest Group -1.0%7D -6.0%3M	R231.38 21.4% undervalued intrinsic discount	AN R294.39author fair value 13 Mayauthor updated this narrative Digital Integration And Logistics Will Sustain Momentum As Dividends Rise	PE 13.1x	E 9.4%	R294.39
6463 TPR -1.0%7D -7.2%3M	JP¥1,275.00 2.7% undervalued intrinsic discount	JP¥1.31kauthor fair value 25 Julauthor updated this narrative Analysts are neutral with a Price Target of ¥1,310 based on 5.0% annual revenue growth forecasts.	PE 8.5x	E -2.9%	JP¥1,310.00
WBO Wilson Bayly Holmes-Ovcon -1.1%7D -14.6%3M	R166.11 24.5% undervalued intrinsic discount	R220author fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ZAR 220.00 based on 5.9% annual revenue growth forecasts.	PE 7.2x	E 7.8%	R220.00
CLS Clicks Group -1.1%7D -23.8%3M	R246.12 31.4% undervalued intrinsic discount	AN R358.88author fair value 18 Mayauthor updated this narrative Store And Digital Upgrades Will Create New Opportunities	PE 17.3x	E 9.0%	R358.88
LEW Lewis Group -1.2%7D -10.8%3M	R81.61 31.5% undervalued intrinsic discount	R119.21author fair value 20 Junauthor updated this narrative LEW (ZAR 81.61) is trading below our estimate of fair value (ZAR 119.25).	PE 5.4x	S n/a	n/a
NVS Novus Holdings -1.3%7D -1.1%3M	R5.34 92.1% undervalued intrinsic discount	R67.99author fair value 25 Julauthor updated this narrative NVS (ZAR 5.34) is trading below our estimate of fair value (ZAR 68.10).	PE 6.8x	S n/a	n/a
BATS British American Tobacco -1.4%7D 7.1%3M	UK£48.92 5.9% overvalued intrinsic discount	AN UK£46.21author fair value 18 Aprauthor updated this narrative Emerging Markets And Digital Transformation Will Enable Long-Term Stability	PE 13.8x	E 4.1%	UK£49.50
MTN MTN Group -1.5%7D 3.8%3M	R205.00 5.2% undervalued intrinsic discount	AN R216.25author fair value 15 Aprauthor updated this narrative African Connectivity And Fintech Will Unlock Future Opportunities	PE 18.5x	E 35.1%	R222.50
EXX Exxaro Resources -1.5%7D 8.1%3M	R207.00 19.3% undervalued intrinsic discount	AN R256.4author fair value 19 Mayauthor updated this narrative Global Decarbonisation In Asia And India Will Undermine Coal Exports	PE 6.4x	E 4.1%	R256.40
PYPL PayPal Holdings -1.7%7D 6.3%3M	US$44.28 16.5% undervalued intrinsic discount	AN US$53author fair value 16 Aprauthor updated this narrative Analyst Commentary Highlights Mixed Outlook and Modest Valuation Changes for PayPal Holdings	PE 7.7x	E -1.4%	US$52.53
5101 Yokohama Rubber Company -1.8%7D -20.4%3M	JP¥6,356.00 14.4% undervalued intrinsic discount	JP¥7.43kauthor fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ¥7,429 based on 4.9% annual revenue growth forecasts.	PE 9x	E 8.9%	JP¥7,429.09
EGY VAALCO Energy -2.2%7D 14.0%3M	US$5.87 19.6% undervalued intrinsic discount	AN US$7.3author fair value 21 Aprauthor updated this narrative Energy Shifts And West Africa Risks Will Test Oil Resilience	PS 2x	E 104.6%	US$9.53
PMR Premier Group -3.1%7D -5.6%3M	R171.10 17.3% undervalued intrinsic discount	R207author fair value 19 Junauthor updated this narrative Analysts are bullish with a Price Target of ZAR 207.00 based on 16.5% annual revenue growth forecasts.	PE 16.2x	E 16.1%	R207.00
GFI Gold Fields -3.3%7D -23.5%3M	R655.92 48.1% undervalued intrinsic discount	AN R1.26kauthor fair value 03 Mayauthor updated this narrative Salares Norte And Windfall Will Capture Secular Demand	PE 10x	E 5.6%	R940.69
BOX Boxer Retail -4.6%7D 13.0%3M	R82.51 10.1% undervalued intrinsic discount	R91.75author fair value 27 Novauthor updated this narrative Analysts are bullish with a Price Target of ZAR 91.75 based on 12.1% annual revenue growth forecasts.	PE 24x	E 12.4%	R91.75
PIK Pick n Pay Stores -5.2%7D 5.2%3M	R21.34 18.9% undervalued intrinsic discount	AN R26.31author fair value 13 Mayauthor updated this narrative African Urbanization And Digital Transformation Will Redefine Modern Retail	PS 0.1x	E 107.5%	R26.31
IMP Impala Platinum Holdings -6.4%7D -21.7%3M	R226.94 35.8% undervalued intrinsic discount	AN R353.56author fair value 19 Mayauthor updated this narrative IMP: Rising Earnings Guidance Will Drive Renewed Optimism Despite 79% EPS Decline	PE 24.8x	E 34.2%	R353.56
EME EMCOR Group -8.7%7D 4.5%3M	US$849.20 10.3% overvalued intrinsic discount	AN US$770author fair value 03 Marauthor updated this narrative Rising Automation And Tightening Regulations Will Erode Margins	PE 28.2x	E 6.1%	US$983.50
6995 Tokai Rika -8.8%7D -14.4%3M	JP¥2,795.00 6.8% undervalued intrinsic discount	JP¥3kauthor fair value 25 Julauthor updated this narrative Analysts are neutral with a Price Target of ¥3,000 based on -3.8% annual revenue growth forecasts.	PE 8.1x	E -0.6%	JP¥3,000.00

Watchlist

Watching

Asia And Europe Expansion Will Secure Lasting Market Strength

Mid Market Expansion And Wealth Management Will Drive Long Term Earnings Upside

Expanding Digital Health In Australia Will Build Future Success

FTH (ZAR 6.34) is trading below our estimate of fair value (ZAR 8.17).

International Expansion And ESG Initiatives Will Boost Future Profitability

Global E-Commerce And Remittance Trends Will Transform Digital Payments

Digital Expansion And Disciplined Execution Will Drive Resilience Amid Market Headwinds

FSR: Stable Discount Rate And Political Stability Will Drive Future Market Confidence

Pan-African Integration And Digital Transformation Will Unlock Potential

Analysts are neutral with a Price Target of ¥2,380 based on -2.0% annual revenue growth forecasts.

Analysts Adjust Capitec Valuation as Earnings and Dividend Forecasts Show Strong Growth

Analysts Boost Mastercard Valuation Amid Strong Results and New Strategic Partnerships

Africa's Urbanization And Digital Transformation Will Drive Lasting Expansion

Robust Indian And Brazilian Markets Will Unlock Potential

Analysts are bullish with a Price Target of ZAR 43.00 based on 11.7% annual revenue growth forecasts.

Aging Population And Digital Health Will Redefine Healthcare

Rising African Urbanization And Digital Adoption Will Fuel Retail Success

Sixty60 And Pingo Delivery Will Optimize Future Last-Mile Logistics

Analysts are bullish with a Price Target of ZAR 15.00 based on -20.4% annual revenue growth forecasts.

Better South African Crops Will Fuel Poultry Resurgence

Digital Infrastructure Upgrades And African Market Expansion Will Boost Efficiency

Analysts are neutral with a Price Target of ZAR 75.00 based on 6.9% annual revenue growth forecasts.

Insufficient data to calculate ARH's fair value for valuation analysis.

VIS (ZAR 0.03) is trading above our estimate of fair value (ZAR 0.00).

SAR (ZAR 8.40) is trading below our estimate of fair value (ZAR 10.15).

Analysts are neutral with a Price Target of ZAR 22.80, given the company revenues grew 1.6% over the last year.

FinTech Innovations And Choice Clothing Acquisition To Boost Global Revenue Growth

7814 (¥543) is trading above our estimate of fair value (¥365).

International Expansion And Circular Economy Will Drive Urban Infrastructure

SUR (ZAR 41.75) is trading below our estimate of fair value (ZAR 66.89).

5G Expansion And Climate Initiatives Will Open New Opportunities In Africa

Digital Integration And Logistics Will Sustain Momentum As Dividends Rise

Analysts are neutral with a Price Target of ¥1,310 based on 5.0% annual revenue growth forecasts.

Analysts are bullish with a Price Target of ZAR 220.00 based on 5.9% annual revenue growth forecasts.

Store And Digital Upgrades Will Create New Opportunities

LEW (ZAR 81.61) is trading below our estimate of fair value (ZAR 119.25).

NVS (ZAR 5.34) is trading below our estimate of fair value (ZAR 68.10).

Emerging Markets And Digital Transformation Will Enable Long-Term Stability

African Connectivity And Fintech Will Unlock Future Opportunities

Global Decarbonisation In Asia And India Will Undermine Coal Exports

Analyst Commentary Highlights Mixed Outlook and Modest Valuation Changes for PayPal Holdings

Analysts are bullish with a Price Target of ¥7,429 based on 4.9% annual revenue growth forecasts.

Energy Shifts And West Africa Risks Will Test Oil Resilience

Analysts are bullish with a Price Target of ZAR 207.00 based on 16.5% annual revenue growth forecasts.

Salares Norte And Windfall Will Capture Secular Demand

Analysts are bullish with a Price Target of ZAR 91.75 based on 12.1% annual revenue growth forecasts.

African Urbanization And Digital Transformation Will Redefine Modern Retail

IMP: Rising Earnings Guidance Will Drive Renewed Optimism Despite 79% EPS Decline

Rising Automation And Tightening Regulations Will Erode Margins

Analysts are neutral with a Price Target of ¥3,000 based on -3.8% annual revenue growth forecasts.

Watching

Asia And Europe Expansion Will Secure Lasting Market Strength

Mid Market Expansion And Wealth Management Will Drive Long Term Earnings Upside

Expanding Digital Health In Australia Will Build Future Success

FTH (ZAR 6.34) is trading below our estimate of fair value (ZAR 8.17).

International Expansion And ESG Initiatives Will Boost Future Profitability

Global E-Commerce And Remittance Trends Will Transform Digital Payments

Digital Expansion And Disciplined Execution Will Drive Resilience Amid Market Headwinds

FSR: Stable Discount Rate And Political Stability Will Drive Future Market Confidence

Pan-African Integration And Digital Transformation Will Unlock Potential

Analysts are neutral with a Price Target of ¥2,380 based on -2.0% annual revenue growth forecasts.

Analysts Adjust Capitec Valuation as Earnings and Dividend Forecasts Show Strong Growth

Analysts Boost Mastercard Valuation Amid Strong Results and New Strategic Partnerships

Africa's Urbanization And Digital Transformation Will Drive Lasting Expansion

Robust Indian And Brazilian Markets Will Unlock Potential

Analysts are bullish with a Price Target of ZAR 43.00 based on 11.7% annual revenue growth forecasts.

Aging Population And Digital Health Will Redefine Healthcare

Rising African Urbanization And Digital Adoption Will Fuel Retail Success

Sixty60 And Pingo Delivery Will Optimize Future Last-Mile Logistics

Analysts are bullish with a Price Target of ZAR 15.00 based on -20.4% annual revenue growth forecasts.

Better South African Crops Will Fuel Poultry Resurgence

Digital Infrastructure Upgrades And African Market Expansion Will Boost Efficiency

Analysts are neutral with a Price Target of ZAR 75.00 based on 6.9% annual revenue growth forecasts.

Insufficient data to calculate ARH's fair value for valuation analysis.

VIS (ZAR 0.03) is trading above our estimate of fair value (ZAR 0.00).

SAR (ZAR 8.40) is trading below our estimate of fair value (ZAR 10.15).

Analysts are neutral with a Price Target of ZAR 22.80, given the company revenues grew 1.6% over the last year.

FinTech Innovations And Choice Clothing Acquisition To Boost Global Revenue Growth