Santam (RXWA) Stock Overview

Provides various general insurance products for individuals and businesses in South Africa, rest of Africa, Southeast Asia, India, the Middle East, and internationally. More details

RXWA fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	6/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 21.6% below our estimate of its fair value

Earnings are forecast to grow 7.64% per year

Earnings grew by 34.3% over the past year

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

RXWA Community Fair Values

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Santam Ltd Competitors

Price History & Performance

Summary of share price highs, lows and changes for Santam
Historical stock prices
Current Share Price	R21.40
52 Week High	R21.60
52 Week Low	R20.00
Beta	0.30
1 Month Change	1.90%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	5.94%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	RXWA	DE Insurance	DE Market
7D	0%	-3.2%	-2.8%
1Y	n/a	10.8%	8.9%

Return vs Industry: Insufficient data to determine how RXWA performed against the German Insurance industry.

Return vs Market: Insufficient data to determine how RXWA performed against the German Market.

Price Volatility

Is RXWA's price volatile compared to industry and market?
RXWA volatility
RXWA Average Weekly Movement	n/a
Insurance Industry Average Movement	2.5%
Market Average Movement	5.1%
10% most volatile stocks in DE Market	12.7%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: RXWA's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine RXWA's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1918	n/a	Tava Madzinga	www.santam.co.za

Santam Ltd, together with its subsidiaries, provides various general insurance products for individuals and businesses in South Africa, rest of Africa, Southeast Asia, India, the Middle East, and internationally. The company offers personal insurance products, such as car, building, home contents, watercraft, travel, and drone insurance; and all risk insurance for jewelry, mobile communication devices, eyewear, laptops, computer equipment, musical instruments, medical equipment, bank vault contents, collections and personal documents, photographic equipment, sports gear, bicycles, audiovisual equipment, home entertainment devices, camping gear, and vehicle sound equipment, as well as claim, brokerage, and SOS services. It also provides commercial insurance products comprising motor, property, and liability insurance; and guesthouses, tourism, real estate, educational institutions, religious institutions, and cybers security insurance products.

Santam Ltd Fundamentals Summary

How do Santam's earnings and revenue compare to its market cap?
RXWA fundamental statistics
Market cap	€2.51b
Earnings (TTM)	€210.49m
Revenue (TTM)	€2.63b

11.9x

P/E Ratio

1.0x

P/S Ratio

Is RXWA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RXWA income statement (TTM)
Revenue	R50.03b
Cost of Revenue	R41.52b
Gross Profit	R8.52b
Other Expenses	R4.51b
Earnings	R4.01b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Mar 05, 2026

Earnings per share (EPS)	35.48
Gross Margin	17.02%
Net Profit Margin	8.01%
Debt/Equity Ratio	51.3%

How did RXWA perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

43%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/22 14:54
End of Day Share Price	2026/01/21 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Santam Ltd is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Francois Du Toit	Anchor Stockbrokers Proprietary Limited
Warwick Bam	Avior Capital Markets
Robert Rice	Barclays