Discovery Future Growth

Future criteria checks 3/6

Discovery's revenue is forecast to decline at 3.7% per annum while its annual earnings are expected to grow at 28.1% per year. EPS is expected to grow by 21.2% per annum. Return on equity is forecast to be 14% in 3 years.

Key information

28.1%

Earnings growth rate

21.2%

EPS growth rate

Insurance earnings growth	14.3%
Revenue growth rate	-3.7%
Future return on equity	14.0%
Analyst coverage	Low
Last updated	26 Mar 2024

Recent future growth updates

Recent updates

Discovery Limited's (JSE:DSY) Earnings Haven't Escaped The Attention Of Investors

Mar 27

Discovery Limited (JSE:DSY) Not Flying Under The Radar

Dec 22

Here's Why Discovery Limited's (JSE:DSY) CEO Might See A Pay Rise Soon

Nov 10

Earnings and Revenue Growth Forecasts

JSE:DSY - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	79,144	11,155	N/A	N/A	2
6/30/2025	74,089	9,094	N/A	N/A	2
6/30/2024	69,488	7,135	N/A	N/A	2
12/31/2023	92,349	5,215	-2,019	377	N/A
9/30/2023	89,913	5,192	-890	1,463	N/A
6/30/2023	87,477	5,168	238	2,549	N/A
3/31/2023	64,899	5,408	1,415	3,539	N/A
12/31/2022	55,119	5,352	639	2,575	N/A
9/30/2022	61,530	5,387	1,198	3,086	N/A
6/30/2022	67,940	5,422	1,757	3,597	N/A
3/31/2022	76,105	5,008	2,958	4,789	N/A
12/31/2021	83,800	4,593	4,158	5,980	N/A
9/30/2021	80,966	3,875	6,351	8,194	N/A
6/30/2021	78,131	3,157	8,543	10,407	N/A
3/31/2021	74,331	1,529	10,574	12,506	N/A
12/31/2020	70,531	-99	12,604	14,604	N/A
9/30/2020	67,565	-1	9,327	11,335	N/A
6/30/2020	64,598	97	6,049	8,065	N/A
3/31/2020	65,221	3,191	N/A	N/A	N/A
12/31/2019	65,844	6,284	1,499	3,640	N/A
9/30/2019	62,351	6,409	375	2,689	N/A
6/30/2019	58,858	6,533	-749	1,738	N/A
3/31/2019	54,296	5,908	N/A	N/A	N/A
12/31/2018	49,733	5,282	-2,519	-151	N/A
9/30/2018	51,267	5,467	-757	1,632	N/A
6/30/2018	52,800	5,652	1,004	3,414	N/A
3/31/2018	52,087	5,346	888	3,229	N/A
12/31/2017	51,373	5,039	771	3,044	N/A
9/30/2017	48,291	4,725	N/A	1,106	N/A
6/30/2017	45,209	4,411	N/A	-832	N/A
3/31/2017	44,615	4,161	N/A	-1,257	N/A
12/31/2016	44,021	3,910	N/A	-1,682	N/A
9/30/2016	43,872	3,783	N/A	-348	N/A
6/30/2016	43,723	3,655	N/A	985	N/A
3/31/2016	42,479	3,707	N/A	935	N/A
12/31/2015	41,235	3,758	N/A	885	N/A
9/30/2015	40,276	4,619	N/A	2,150	N/A
6/30/2015	39,316	5,480	N/A	3,415	N/A
3/31/2015	38,148	5,254	N/A	4,017	N/A
12/31/2014	36,980	5,028	N/A	4,619	N/A
9/30/2014	35,583	4,137	N/A	3,716	N/A
6/30/2014	34,186	3,246	N/A	2,813	N/A
3/31/2014	31,506	2,891	N/A	2,556	N/A
12/31/2013	28,826	2,535	N/A	2,299	N/A
9/30/2013	26,859	2,299	N/A	1,585	N/A
6/30/2013	24,891	2,063	N/A	871	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: DSY's forecast earnings growth (28.1% per year) is above the savings rate (9.5%).

Earnings vs Market: DSY's earnings (28.1% per year) are forecast to grow faster than the ZA market (16.5% per year).

High Growth Earnings: DSY's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DSY's revenue is expected to decline over the next 3 years (-3.7% per year).

High Growth Revenue: DSY's revenue is forecast to decline over the next 3 years (-3.7% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: DSY's Return on Equity is forecast to be low in 3 years time (14%).

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Discovery Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 40%

Consensus revenue estimates increase by 30%

Consensus forecasts updated

Price target decreased to R162

Price target decreased to R162

Consensus forecasts updated

Recent updates

Upcoming dividend of R0.65 per share

Discovery Limited's (JSE:DSY) Earnings Haven't Escaped The Attention Of Investors

First half 2024 earnings released: EPS: R4.93 (vs R4.88 in 1H 2023)

Discovery Limited Declares an Interim Gross Cash Dividend, Payable on 22 April 2024

Discovery Limited to Report First Half, 2024 Results on Mar 20, 2024

Consensus EPS estimates fall by 40%

Discovery Limited (JSE:DSY) Not Flying Under The Radar

Consensus revenue estimates increase by 30%

Discovery Limited Announces Management Changes

Here's Why Discovery Limited's (JSE:DSY) CEO Might See A Pay Rise Soon

Discovery Limited Announces Management Retirements, Effective 16 November 2023

Non Executive Director recently sold R348k worth of stock

Discovery Limited Appoints Nonkululeko Pitje as CEO of Discovery Corporate & Employee Benefits, Effective 1 January 2024

Group CFO exercised options to buy R3.4m worth of stock.

Upcoming dividend of R1.10 per share at 0.8% yield

Discovery Limited Declares Final Cash Dividend, Payable 16 October 2023

Full year 2023 earnings: EPS and revenues miss analyst expectations

Discovery Limited Announces Board Appointments

Founder recently sold R13m worth of stock

Discovery Limited Announces Board Changes

Discovery Limited, Annual General Meeting, Nov 16, 2023

Founder recently sold R7.3m worth of stock

First half 2023 earnings released: EPS: R4.43 (vs R4.99 in 1H 2022)

Discovery Limited to Report Q2, 2023 Results on Feb 23, 2023

Discovery Limited Announces Board Changes, Effective 1 March 2023

Discovery Limited Announces Resignation of Nomalanga Nobuhle Mbongo as Company Secretary

Consensus forecasts updated

Founder recently sold R42m worth of stock

Price target decreased to R162

Price target decreased to R162

Group CFO recently bought R2.7m worth of stock

Consensus forecasts updated

Price target decreased to R178

Full year 2022 earnings: EPS and revenues miss analyst expectations

Discovery Limited to Report Fiscal Year 2022 Results on Sep 07, 2022

Discovery Limited, Annual General Meeting, Dec 01, 2022

Remgro Limited (JSE:REM) acquired a 7.9% stake in Discovery Limited (JSE:DSY).

Price target increased to R200

Consensus forecasts updated

Price target increased to R200

First half 2022 earnings: EPS and revenues miss analyst expectations

Discovery Limited Provides Revenue Guidance for the Year 2022

Price target increased to R181

Independent Non-Executive Director Brian Brink has left the company

Full year 2021 earnings released: EPS R4.81 (vs R0.15 in FY 2020)

Director Sindiswa Zilwa has joined 5th company board

Director Sindiswa Zilwa has joined 5th company board

Director Sindiswa Zilwa has joined 5th company board

Director Sindiswa Zilwa has joined 5th company board

Price target increased to R168

Independent Non-Executive Director recently sold R295k worth of stock

Founder recently sold R43m worth of stock

First half 2021 earnings released: EPS R2.80 (vs R3.10 in 1H 2020)

Discovery Limited Appoints Marquerithe Schreuder as Independent Non-Executive Director to the Board and to Board Committees

Price target lowered to R130

New 90-day high: R155

New 90-day high: R139

Discovery Limited Announces Executive Changes

Founder recently sold R13m worth of stock

Discovery Limited Appoints Deon Marius Viljoen as Debt Officer

New 90-day low: R107

Full year earnings released - EPS R0.15

New 90-day high - R132

Discovery Limited to Report Fiscal Year 2020 Results on Sep 16, 2020

Comgest Global Investors S.A.S. acquired an additional unknown stake in Discovery Limited (JSE:DSY).

Price target lowered to R169

New 90-day high - R117

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts