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Updated 1m ago
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Sanlam LimitedJSE:SLM Stock Report

Market Cap R171.7b
Updated 1m ago
Share Price
n/a
1Y-4.6%
7D2.2%
1D-0.9%
Portfolio Value
​
View

Sanlam Limited

JSE:SLM Stock Report

Market Cap: R171.7b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Sanlam (SLM) Stock Overview

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally. More details

SLM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends5/6

Rewards

Price-To-Earnings ratio (9.1x) is below the Insurance industry average (9.9x)

Pays a reliable dividend of 5.9%

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 29.2%

Risk Analysis

No risks detected for SLM from our risk checks.

SLM Community Fair Values

Create Narrative

See what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
19.1% undervalued intrinsic discount
AnalystConsensusTarget
•10mo ago

Assupol Integration And Digital Shift Will Unlock Future Potential

139
0
17
AN
AnalystHighTarget
29.2% undervalued intrinsic discount
AnalystHighTarget
•1y ago

Africa's Urbanization And Digital Transformation Will Drive Lasting Expansion

42
0
1
AN
AnalystLowTarget
9.4% overvalued intrinsic discount
AnalystLowTarget
•1y ago

Technological Disruption And Economic Headwinds Will Crush Performance

54
0
2

Top Analyst Narratives

AN
AnalystConsensusTarget
19.1% undervalued intrinsic discount
AnalystConsensusTarget
•10mo ago

Assupol Integration And Digital Shift Will Unlock Future Potential

139
0
17
AN
AnalystHighTarget
29.2% undervalued intrinsic discount
AnalystHighTarget
•1y ago

Africa's Urbanization And Digital Transformation Will Drive Lasting Expansion

42
0
1
AN
AnalystLowTarget
9.4% overvalued intrinsic discount
AnalystLowTarget
•1y ago

Technological Disruption And Economic Headwinds Will Crush Performance

54
0
2
View all narratives

Sanlam Limited Competitors

Discovery

Symbol: JSE:DSY
Market cap: R178.2b

Old Mutual

Symbol: JSE:OMU
Market cap: R55.9b

Momentum Group

Symbol: JSE:MTM
Market cap: R47.9b

OUTsurance Group

Symbol: JSE:OUT
Market cap: R132.5b

Price History & Performance

Summary of share price highs, lows and changes for Sanlam
Historical stock prices
Current Share PriceR82.16
52 Week HighR108.47
52 Week LowR79.24
Beta0.50
1 Month Change-2.94%
3 Month Change-8.86%
1 Year Change-4.58%
3 Year Change20.35%
5 Year Change30.10%
Change since IPO1,271.62%

Recent News & Updates

Recent updates

Analysis Article • Feb 10

Here's Why We Think Sanlam (JSE:SLM) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Jan 20

What Sanlam Limited's (JSE:SLM) P/E Is Not Telling You

There wouldn't be many who think Sanlam Limited's ( JSE:SLM ) price-to-earnings (or "P/E") ratio of 10.5x is worth a...
User avatar
Narrative Update • Oct 29

Assupol Integration And Digital Shift Will Unlock Future Potential

Analysts have raised their price target for Sanlam from R99.21 to R101.55, citing significantly improved profit margin forecasts, even though there are expectations of steeper revenue contraction. Valuation Changes Fair Value increased from ZAR 99.21 to ZAR 101.55, reflecting a modest upward revision.
Analysis Article • Oct 28

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

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Oct 06

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

It's not a stretch to say that Sanlam Limited's ( JSE:SLM ) price-to-earnings (or "P/E") ratio of 9.1x right now seems...
User avatar
New Narrative • Aug 10

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.

Shareholder Returns

SLMZA InsuranceZA Market
7D2.2%1.2%-1.6%
1Y-4.6%9.1%5.7%

Return vs Industry: SLM underperformed the ZA Insurance industry which returned 9.1% over the past year.

Return vs Market: SLM underperformed the ZA Market which returned 5.7% over the past year.

Price Volatility

Is SLM's price volatile compared to industry and market?
SLM volatility
SLM Average Weekly Movement3.2%
Insurance Industry Average Movement3.3%
Market Average Movement4.7%
10% most volatile stocks in ZA Market10.8%
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
191823,363Paul Hanrattywww.sanlamonline.co.za

Sanlam Limited provides various financial services in South Africa, Pan-Africa, Asia, and internationally. The company operates through Sanlam Life and Savings; Pan-Africa; Asia; Sanlam Investments; and Santam segments. It offers life, disability, severe illness, income protection, funeral, credit life, health solutions, and cancer coverage; and corporate insurance solutions, including group risk, life, disability, severe and critical illness, and funeral insurance.

Sanlam Limited Fundamentals Summary

How do Sanlam's earnings and revenue compare to its market cap?
SLM fundamental statistics
Market capR171.69b
Earnings (TTM)R18.91b
Revenue (TTM)R232.02b
9.1x
P/E Ratio
0.7x
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)
RevenueR232.02b
Cost of RevenueR91.71b
Gross ProfitR140.31b
Other ExpensesR121.40b
EarningsR18.91b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)9.05
Gross Margin60.47%
Net Profit Margin8.15%
Debt/Equity Ratio17.6%

How did SLM perform over the long term?

See historical performance and comparison

Dividends

5.9%
Current Dividend Yield
54%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 06:29
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 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 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 10 analysts. 6 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

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