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Updated 13m ago
SAP logo

Sappi LimitedJSE:SAP Stock Report

Market Cap R7.8b
Updated 13m ago
Share Price
n/a
1Y-52.1%
7D-4.9%
1D-1.6%
Portfolio Value
​
View

Sappi Limited

JSE:SAP Stock Report

Market Cap: R7.8b

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

Sappi (SAP) Stock Overview

Provides woodfiber-based renewable resources in Europe, North America, and South Africa. More details

SAP fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends0/6

Rewards

Trading at 10.5% below our estimate of its fair value

Earnings are forecast to grow 113.4% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Volatile share price over the past 3 months compared to the ZA market


SAP Community Fair Values

Create Narrative

See what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
66.5% undervalued intrinsic discount
AnalystConsensusTarget
•9mo ago

SAP: Future Profit Margins Will Drive Positive Momentum In The Market

150
0
9
AN
AnalystHighTarget
82.6% undervalued intrinsic discount
AnalystHighTarget
•1y ago

Sustainable Packaging And Bioproducts Will Revolutionize Secular Trends

29
0
2
AN
AnalystLowTarget
48.4% undervalued intrinsic discount
AnalystLowTarget
•1y ago

Legacy Revenue Declines And Margin Pressures Will Erode Profitability

24
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
66.5% undervalued intrinsic discount
AnalystConsensusTarget
•9mo ago

SAP: Future Profit Margins Will Drive Positive Momentum In The Market

150
0
9
AN
AnalystHighTarget
82.6% undervalued intrinsic discount
AnalystHighTarget
•1y ago

Sustainable Packaging And Bioproducts Will Revolutionize Secular Trends

29
0
2
AN
AnalystLowTarget
48.4% undervalued intrinsic discount
AnalystLowTarget
•1y ago

Legacy Revenue Declines And Margin Pressures Will Erode Profitability

24
0
0
View all narratives

Sappi Limited Competitors

Tharisa

Symbol: JSE:THA
Market cap: R8.0b

AECI

Symbol: JSE:AFE
Market cap: R10.6b

PPC

Symbol: JSE:PPC
Market cap: R11.3b

Nampak

Symbol: JSE:NPK
Market cap: R3.9b

Price History & Performance

Summary of share price highs, lows and changes for Sappi
Historical stock prices
Current Share PriceR12.93
52 Week HighR27.81
52 Week LowR8.64
Beta-0.51
1 Month Change-9.07%
3 Month Change11.56%
1 Year Change-52.15%
3 Year Change-68.34%
5 Year Change-65.34%
Change since IPO-65.75%

Recent News & Updates

Recent updates

Analysis Article • Jan 29

Sappi Limited's (JSE:SAP) CEO Might Not Expect Shareholders To Be So Generous This Year

Key Insights Sappi to hold its Annual General Meeting on 4th of February CEO Steve Binnie's total compensation includes...
Analysis Article • Jan 17

Many Still Looking Away From Sappi Limited (JSE:SAP)

Sappi Limited's ( JSE:SAP ) price-to-sales (or "P/S") ratio of 0.2x may look like a pretty appealing investment...
User avatar
Narrative Update • Dec 09

SAP: Joint Venture And Dividend Pause Will Improve Long-Term Profitability

Analysts have slightly reduced their price target for Sappi, trimming it by approximately $0.13 as they factor in somewhat slower expected revenue growth that is largely offset by modestly improved profit margin and valuation assumptions. What's in the News UPM and Sappi announced an intended graphic paper joint venture that would combine UPM Communication Papers with Sappi Europe’s graphic paper business, aiming to improve growth, margins, and capital efficiency while reducing direct exposure to declining European and North American graphic paper markets (Key Developments).
Analysis Article • Nov 21

Is Sappi (JSE:SAP) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
User avatar
Narrative Update • Nov 03

SAP: Future Profit Margins Will Drive Positive Momentum In The Market

Analysts have adjusted their price target for Sappi downward from $39.80 to $38.77. They cite marginally lower fair value estimates based on slight changes in projected growth and profitability metrics.
User avatar
Narrative Update • Oct 20

Sustainable Packaging Trends Will Transform Future Markets

Analysts have lowered their price target for Sappi from $41.17 to $39.80. This reflects modest adjustments in the company's projected fair value and future profitability.
Analysis Article • Oct 07

Investors Give Sappi Limited (JSE:SAP) Shares A 29% Hiding

Sappi Limited ( JSE:SAP ) shareholders that were waiting for something to happen have been dealt a blow with a 29...
User avatar
Narrative Update • Oct 05

Sustainable Packaging Trends Will Transform Future Markets

Analysts have lowered their price target for Sappi from $42.69 to $41.17. They cite slightly softer revenue growth projections, although profit margins and discount rates are expected to remain stable.
Analysis Article • Aug 15

Shareholders Can Be Confident That Sappi's (JSE:SAP) Earnings Are High Quality

The subdued stock price reaction suggests that Sappi Limited's ( JSE:SAP ) strong earnings didn't offer any surprises...
Analysis Article • Aug 01

Cautious Investors Not Rewarding Sappi Limited's (JSE:SAP) Performance Completely

With a price-to-sales (or "P/S") ratio of 0.2x Sappi Limited ( JSE:SAP ) may be sending bullish signals at the moment...
Analysis Article • Jun 13

Is Sappi (JSE:SAP) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • May 07

Sappi (JSE:SAP) Is Doing The Right Things To Multiply Its Share Price

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
User avatar
New Narrative • Mar 14

Gratkorn And Somerset Projects Will Boost Production Capacity

Completion of significant projects and strong pulp demand are expected to enhance production capabilities and drive revenue growth.
Analysis Article • Mar 05

Sappi Limited (JSE:SAP) Investors Are Less Pessimistic Than Expected

With a median price-to-sales (or "P/S") ratio of close to 0.6x in the Forestry industry in South Africa, you could be...
Analysis Article • Feb 06

Sappi (JSE:SAP) Seems To Be Using A Lot Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Jan 09

Be Wary Of Sappi (JSE:SAP) And Its Returns On Capital

What underlying fundamental trends can indicate that a company might be in decline? When we see a declining return on...
Analysis Article • Nov 14

We Think That There Are More Issues For Sappi (JSE:SAP) Than Just Sluggish Earnings

Sappi Limited's ( JSE:SAP ) stock showed strength, with investors undeterred by its weak earnings report. We think that...
Analysis Article • Oct 15

Subdued Growth No Barrier To Sappi Limited's (JSE:SAP) Price

There wouldn't be many who think Sappi Limited's ( JSE:SAP ) price-to-sales (or "P/S") ratio of 0.3x is worth a mention...
Analysis Article • Sep 17

Sappi (JSE:SAP) Has Debt But No Earnings; Should You Worry?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jun 27

Unpleasant Surprises Could Be In Store For Sappi Limited's (JSE:SAP) Shares

With a median price-to-sales (or "P/S") ratio of close to 0.6x in the Forestry industry in South Africa, you could be...
Analysis Article • May 23

Does Sappi (JSE:SAP) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Mar 12

Why We're Not Concerned About Sappi Limited's (JSE:SAP) Share Price

There wouldn't be many who think Sappi Limited's ( JSE:SAP ) price-to-sales (or "P/S") ratio of 0.3x is worth a mention...
Analysis Article • Feb 01

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Sappi Limited's (JSE:SAP) CEO For Now

Key Insights Sappi to hold its Annual General Meeting on 7th of February Salary of US$532.6k is part of CEO Steve...
Analysis Article • Dec 21

Sappi's (JSE:SAP) Shareholders Have More To Worry About Than Only Soft Earnings

The subdued market reaction suggests that Sappi Limited's ( JSE:SAP ) recent earnings didn't contain any surprises...

Shareholder Returns

SAPZA ForestryZA Market
7D-4.9%-1.0%-1.0%
1Y-52.1%-33.4%9.2%

Return vs Industry: SAP underperformed the ZA Forestry industry which returned -33.4% over the past year.

Return vs Market: SAP underperformed the ZA Market which returned 9.2% over the past year.

Price Volatility

Is SAP's price volatile compared to industry and market?
SAP volatility
SAP Average Weekly Movement9.3%
Forestry Industry Average Movement7.6%
Market Average Movement4.5%
10% most volatile stocks in ZA Market10.9%
10% least volatile stocks in ZA Market2.6%

Stable Share Price: SAP's share price has been volatile over the past 3 months compared to the ZA market.

Volatility Over Time: SAP's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
1936n/aSteve Binniewww.sappi.com

Sappi Limited, together with its subsidiaries, provides woodfiber-based renewable resources in Europe, North America, and South Africa. The company offers speciality paper; flexible packaging paper, paperboard, containerboard, release liner, label paper, functional papers, uncoated woodfree paper, coated and uncoated woodfree paper, coated mechanical paper, thinprint, inkjet paper, and label paper. It also offers dissolving pulp, graphic, packaging and speciality, casting, and release papers; forestry, and bio-energy materials.

Sappi Limited Fundamentals Summary

How do Sappi's earnings and revenue compare to its market cap?
SAP fundamental statistics
Market capR7.85b
Earnings (TTM)-R13.32b
Revenue (TTM)R86.29b
0.1x
P/S Ratio
-0.6x
P/E Ratio

Is SAP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SAP income statement (TTM)
RevenueUS$5.34b
Cost of RevenueUS$5.04b
Gross ProfitUS$305.00m
Other ExpensesUS$1.13b
Earnings-US$825.00m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 06, 2026

Earnings per share (EPS)-1.36
Gross Margin5.71%
Net Profit Margin-15.44%
Debt/Equity Ratio116.5%

How did SAP perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 03:57
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/09/30

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

Sappi Limited is covered by 15 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
Sean UngererArqaam Capital Research Offshore S.A.L.
Caroline LearmonthBarclays
Stephen AtkinsonBMO Capital Markets Equity Research

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