Sanlam Limited provides various financial solutions to individual, business, and institutional clients.
Price History & Performance
|Historical stock prices|
|Current Share Price||R60.35|
|52 Week High||R46.47|
|52 Week Low||R65.46|
|1 Month Change||-3.01%|
|3 Month Change||1.67%|
|1 Year Change||19.77%|
|3 Year Change||-15.90%|
|5 Year Change||-6.90%|
|Change since IPO||907.51%|
Recent News & Updates
|SLM||ZA Insurance||ZA Market|
Return vs Industry: SLM underperformed the ZA Insurance industry which returned 26.2% over the past year.
Return vs Market: SLM underperformed the ZA Market which returned 21.2% over the past year.
Stable Share Price: SLM is less volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SLM's weekly volatility (3%) has been stable over the past year.
About the Company
Sanlam Limited provides various financial solutions to individual, business, and institutional clients. The company operates through Sanlam Life and Savings, Sanlam Emerging Markets, Sanlam Investment Group, and Santam segments. It offers life, disability cover, income protection, severe illness, medical, short-term, and group risk benefits insurances; financial planning and retirement solutions; investment products; wealth, and professionals and graduates insurance services; and personal loans.
Sanlam Fundamentals Summary
|SLM fundamental statistics|
Is SLM overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SLM income statement (TTM)|
|Cost of Revenue||R133.17b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 21, 2021
|Earnings per share (EPS)||4.89|
|Net Profit Margin||5.67%|
How did SLM perform over the long term?See historical performance and comparison
5.0%Current Dividend Yield
Is Sanlam undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SLM (ZAR60.35) is trading above our estimate of fair value (ZAR20.49)
Significantly Below Fair Value: SLM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SLM is good value based on its PE Ratio (12.3x) compared to the ZA Insurance industry average (20.8x).
PE vs Market: SLM is poor value based on its PE Ratio (12.3x) compared to the ZA market (11.4x).
Price to Earnings Growth Ratio
PEG Ratio: SLM is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: SLM's PB Ratio (2.1x) is in line with the ZA Insurance industry average.
How is Sanlam forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SLM's forecast earnings growth (10.8% per year) is above the savings rate (8.8%).
Earnings vs Market: SLM's earnings (10.8% per year) are forecast to grow slower than the ZA market (12.5% per year).
High Growth Earnings: SLM's earnings are forecast to grow, but not significantly.
Revenue vs Market: SLM's revenue is expected to decline over the next 3 years (-17.5% per year).
High Growth Revenue: SLM's revenue is forecast to decline over the next 3 years (-17.5% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SLM's Return on Equity is forecast to be low in 3 years time (14.8%).
How has Sanlam performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SLM has a high level of non-cash earnings.
Growing Profit Margin: SLM's current net profit margins (5.7%) are higher than last year (0.1%).
Past Earnings Growth Analysis
Earnings Trend: SLM's earnings have declined by 15.5% per year over the past 5 years.
Accelerating Growth: SLM's earnings growth over the past year (5453.8%) exceeds its 5-year average (-15.5% per year).
Earnings vs Industry: SLM earnings growth over the past year (5453.8%) exceeded the Insurance industry 117.2%.
Return on Equity
High ROE: SLM's Return on Equity (15.9%) is considered low.
How is Sanlam's financial position?
Financial Position Analysis
Short Term Liabilities: SLM's short term assets (ZAR188.5B) exceed its short term liabilities (ZAR122.3B).
Long Term Liabilities: SLM's short term assets (ZAR188.5B) do not cover its long term liabilities (ZAR773.2B).
Debt to Equity History and Analysis
Debt Level: SLM's debt to equity ratio (18.4%) is considered satisfactory.
Reducing Debt: SLM's debt to equity ratio has increased from 11.1% to 18.4% over the past 5 years.
Debt Coverage: SLM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SLM's interest payments on its debt are well covered by EBIT (18.3x coverage).
What is Sanlam current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SLM's dividend (4.97%) is higher than the bottom 25% of dividend payers in the ZA market (3.05%).
High Dividend: SLM's dividend (4.97%) is low compared to the top 25% of dividend payers in the ZA market (8.04%).
Stability and Growth of Payments
Stable Dividend: SLM's dividends per share have been stable in the past 10 years.
Growing Dividend: SLM's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.2%), SLM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SLM's dividends in 3 years are forecast to be covered by earnings (64.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Hanratty (60 yo)
Mr. Paul Brendan Hanratty, B.Bus. Sc. (Hons), F.I.A, serves as a Non-Executive Director at Santam Ltd. Since August 11, 2020.Mr. Hanratty has been Group Chief Executive Officer of Sanlam Limited since Jul...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD485.76K) is below average for companies of similar size in the ZA market ($USD1.93M).
Compensation vs Earnings: Paul's compensation has increased by more than 20% in the past year.
Experienced Management: SLM's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Experienced Board: SLM's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sanlam Limited's employee growth, exchange listings and data sources
- Name: Sanlam Limited
- Ticker: SLM
- Exchange: JSE
- Founded: 1918
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: R124.627b
- Shares outstanding: 2.07b
- Website: https://www.sanlam.co.za
Number of Employees
- Sanlam Limited
- 2 Strand Road
- Western Cape
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/15 22:38|
|End of Day Share Price||2021/10/15 00:00|
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 here.