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Sanlam LimitedJSE:SLM Stock Report

Market Cap R198.2b
Share Price
R96.55
n/a
1Y6.0%
7D5.2%
Portfolio Value
​
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Sanlam Limited

JSE:SLM Stock Report

Market Cap: R198.2b

Sanlam (SLM) Stock Overview

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally. More details

SLM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance3/6
Financial Health4/6
Dividends5/6

Rewards

Earnings have grown 34.1% per year over the past 5 years

Pays a reliable dividend of 4.61%

Risk Analysis

No risks detected for SLM from our risk checks.

SLM Community Fair Values

Create Narrative

See what 37 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Sanlam

Africa's Urbanization And Digital Transformation Will Drive Lasting Expansion

Key Takeaways Sanlam's integration efforts, digital investments, and fee-based business pivot are accelerating productivity, margin expansion, and sustainable earnings growth ahead of expectations. Strong execution and strategic partnerships position Sanlam to dominate high-growth, underpenetrated African and Asian markets, ensuring diversified and stable long-term revenue streams.
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R116
FV
16.8% undervalued intrinsic discount
-60.73%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
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Sanlam

Technological Disruption And Economic Headwinds Will Crush Performance

Key Takeaways Rising digital disruption, weak market demographics, and South African overexposure threaten Sanlam's traditional revenue streams, market share, and earnings stability. Expansion and regulatory challenges risk persistent costs, operational inefficiencies, and margin compression, undermining scale benefits and future profitability.
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R75.1
FV
28.6% overvalued intrinsic discount
-61.07%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
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Sanlam

Assupol Integration And Digital Shift Will Unlock Future Potential

Key Takeaways Expansion through integration, global partnerships, and entry into high-growth markets positions Sanlam for improved earnings diversification and resilience. Digital transformation, operational efficiencies, and asset management restructuring support stronger net margins and long-term revenue growth.
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R101.55
FV
4.9% undervalued intrinsic discount
-70.72%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
14users have followed this narrative
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Sanlam Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Sanlam
Historical stock prices
Current Share PriceR96.55
52 Week HighR97.26
52 Week LowR66.61
Beta0.61
1 Month Change5.16%
3 Month Change15.26%
1 Year Change6.02%
3 Year Change99.61%
5 Year Change64.48%
Change since IPO1,511.85%

Recent News & Updates

Does Sanlam (JSE:SLM) Deserve A Spot On Your Watchlist?

Oct 28
Does Sanlam (JSE:SLM) Deserve A Spot On Your Watchlist?

Sanlam Limited's (JSE:SLM) Business Is Trailing The Market But Its Shares Aren't

Oct 06
Sanlam Limited's (JSE:SLM) Business Is Trailing The Market But Its Shares Aren't
User avatar

Assupol Integration And Digital Shift Will Unlock Future Potential

Expansion through integration, global partnerships, and entry into high-growth markets positions Sanlam for improved earnings diversification and resilience.

Recent updates

Does Sanlam (JSE:SLM) Deserve A Spot On Your Watchlist?

Oct 28
Does Sanlam (JSE:SLM) Deserve A Spot On Your Watchlist?

Sanlam Limited's (JSE:SLM) Business Is Trailing The Market But Its Shares Aren't

Oct 06
Sanlam Limited's (JSE:SLM) Business Is Trailing The Market But Its Shares Aren't
User avatar

Assupol Integration And Digital Shift Will Unlock Future Potential

Expansion through integration, global partnerships, and entry into high-growth markets positions Sanlam for improved earnings diversification and resilience.

Do Sanlam's (JSE:SLM) Earnings Warrant Your Attention?

Jul 12
Do Sanlam's (JSE:SLM) Earnings Warrant Your Attention?

Subdued Growth No Barrier To Sanlam Limited's (JSE:SLM) Price

Jun 21
Subdued Growth No Barrier To Sanlam Limited's (JSE:SLM) Price

Sanlam (JSE:SLM) Is Paying Out A Larger Dividend Than Last Year

Mar 28
Sanlam (JSE:SLM) Is Paying Out A Larger Dividend Than Last Year

Here's Why We Think Sanlam (JSE:SLM) Is Well Worth Watching

Feb 12
Here's Why We Think Sanlam (JSE:SLM) Is Well Worth Watching

Shareholder Returns

SLMZA InsuranceZA Market
7D5.2%1.8%0.5%
1Y6.0%8.3%21.7%

Return vs Industry: SLM underperformed the ZA Insurance industry which returned 8.3% over the past year.

Return vs Market: SLM underperformed the ZA Market which returned 21.7% over the past year.

Price Volatility

Is SLM's price volatile compared to industry and market?
SLM volatility
SLM Average Weekly Movement2.5%
Insurance Industry Average Movement3.6%
Market Average Movement4.5%
10% most volatile stocks in ZA Market10.3%
10% least volatile stocks in ZA Market2.6%

Stable Share Price: SLM has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: SLM's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191823,926Paul Hanrattywww.sanlam.co.za

Sanlam Limited provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally. It offers life, disability, severe illness, income protection, funeral, credit life, health solutions, cancer coverage, and corporate insurance solutions. The company also provides financial planning services; retirement solutions, such as saving for retirement, retirement preservation, retirement fund members, and two-pot retirement; investments for education planning, unit trusts, and tax-free savings; investment management and private wealth management solutions; credit solutions, such a personal and home loans, credit profile, money saver credit card, and online shopping credit; and Sanlam reality programs.

Sanlam Limited Fundamentals Summary

How do Sanlam's earnings and revenue compare to its market cap?
SLM fundamental statistics
Market capR198.21b
Earnings (TTM)R19.59b
Revenue (TTM)R230.89b
10.3x
P/E Ratio
0.9x
P/S Ratio

Is SLM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SLM income statement (TTM)
RevenueR230.89b
Cost of RevenueR84.32b
Gross ProfitR146.57b
Other ExpensesR126.98b
EarningsR19.59b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)9.38
Gross Margin63.48%
Net Profit Margin8.49%
Debt/Equity Ratio16.3%

How did SLM perform over the long term?

See historical performance and comparison

Dividends

4.6%
Current Dividend Yield
47%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/05 16:24
End of Day Share Price 2025/12/05 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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

Sanlam Limited is covered by 13 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Francois Du ToitAnchor Stockbrokers Proprietary Limited
Adrienne DamantAvior Capital Markets
Harry BothaBofA Global Research