Capitec Bank Holdings Limited

JSE:CPI Stock Report

Market Cap: R487.6b

Capitec Bank Holdings Valuation

Is CPI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of CPI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: CPI (ZAR4210) is trading above our estimate of future cash flow value (ZAR1606.34)

Significantly Below Future Cash Flow Value: CPI is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CPI?

Key metric: As CPI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CPI. This is calculated by dividing CPI's market cap by their current earnings.
What is CPI's PE Ratio?
PE Ratio31.9x
EarningsR15.31b
Market CapR487.61b

Price to Earnings Ratio vs Peers

How does CPI's PE Ratio compare to its peers?

The above table shows the PE ratio for CPI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11x
SBK Standard Bank Group
10.3x8.88%R497.2b
ABG Absa Group
8.5x11.80%R206.4b
NED Nedbank Group
16.2x31.99%R126.4b
OTP OTP Bank Nyrt
8.9x5.33%Ft10.2t
CPI Capitec Bank Holdings
31.9x16.78%R518.1b

Price-To-Earnings vs Peers: CPI is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the peer average (12.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does CPI's PE Ratio compare vs other companies in the African Banks Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CPI 31.9xIndustry Avg. 9.2xNo. of Companies13PE0612182430+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CPI is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the African Banks industry average (9.3x).

Price to Earnings Ratio vs Fair Ratio

What is CPI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CPI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.9x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: CPI is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the estimated Fair Price-To-Earnings Ratio (15.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CPI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentR4,210.00
R4,771.37
+13.33%
13.89%R5,407.42R3,300.00n/a9
Mar ’27R4,743.54
R4,771.37
+0.59%
13.89%R5,407.42R3,300.00n/a9
Feb ’27R4,351.22
R4,647.92
+6.82%
12.63%R5,407.42R3,300.00n/a9
Jan ’27R4,155.80
R4,617.81
+11.12%
6.24%R4,990.00R4,191.00n/a9
Dec ’26R3,927.52
R4,368.07
+11.22%
15.05%R4,990.00R2,660.00n/a10
Nov ’26R3,832.57
R4,050.97
+5.70%
12.73%R4,508.00R2,660.00n/a9
Oct ’26R3,531.25
R3,937.81
+11.51%
13.13%R4,440.00R2,660.00n/a9
Sep ’26R3,516.12
R3,925.59
+11.65%
12.90%R4,430.00R2,660.00n/a9
Aug ’26R3,481.03
R3,838.92
+10.28%
12.47%R4,330.00R2,660.00n/a9
Jul ’26R3,560.26
R3,529.34
-0.87%
22.06%R4,191.00R1,480.00n/a11
Jun ’26R3,446.41
R3,581.34
+3.92%
22.10%R4,191.00R1,480.00n/a11
May ’26R3,442.05
R3,381.92
-1.75%
22.04%R4,090.00R1,480.00n/a10
Apr ’26R3,109.17
R3,330.52
+7.12%
22.36%R4,200.00R1,480.00n/a10
Mar ’26R3,074.37
R3,326.22
+8.19%
22.27%R4,200.00R1,480.00R4,743.5410
Feb ’26R2,972.62
R3,275.19
+10.18%
21.76%R4,200.00R1,480.00R4,351.2210
Jan ’26R3,134.34
R3,257.59
+3.93%
21.61%R4,200.00R1,480.00R4,155.8010
Dec ’25R3,261.18
R3,256.59
-0.14%
21.58%R4,190.00R1,480.00R3,927.5210
Nov ’25R3,236.50
R2,967.25
-8.32%
25.90%R4,190.00R1,480.00R3,832.579
Oct ’25R3,084.66
R2,549.40
-17.35%
17.69%R3,010.00R1,480.00R3,531.259
Sep ’25R2,925.94
R2,549.40
-12.87%
17.69%R3,010.00R1,480.00R3,516.129
Aug ’25R2,858.02
R2,517.46
-11.92%
16.03%R3,010.00R1,480.00R3,481.0310
Jul ’25R2,655.32
R2,350.47
-11.48%
14.40%R2,659.77R1,480.00R3,560.2610
Jun ’25R2,129.90
R2,319.15
+8.89%
13.83%R2,650.00R1,480.00R3,446.4110
May ’25R2,327.86
R2,216.49
-4.78%
14.35%R2,466.50R1,480.00R3,442.059
Apr ’25R2,095.79
R2,102.89
+0.34%
13.43%R2,466.50R1,480.00R3,109.179
Mar ’25R2,050.50
R2,083.22
+1.60%
12.88%R2,466.50R1,480.00R3,074.379
R4.77k
Fair Value
11.8% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/06 21:40
End of Day Share Price 2026/03/06 00:00
Earnings2025/08/31
Annual Earnings2025/02/28

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Capitec Bank Holdings Limited is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ilan StermerAnchor Stockbrokers Proprietary Limited
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Adrienne DamantAvior Capital Markets