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NPN

NaspersJSE:NPN Stock Report

Market Cap

R1.0t

7D

4.9%

1Y

-15.7%

Updated

19 Oct, 2021

Data

Company Financials +
NPN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance5/6
Financial Health3/6
Dividends0/6

NPN Overview

Naspers Limited operates in consumer internet industry worldwide.

Naspers Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Naspers
Historical stock prices
Current Share PriceR2,635.00
52 Week HighR2,290.87
52 Week LowR3,888.00
Beta0.42
1 Month Change9.79%
3 Month Change-10.85%
1 Year Change-15.68%
3 Year Change-1.72%
5 Year Change9.81%
Change since IPO8,400.00%

Recent News & Updates

Sep 22
Naspers (JSE:NPN) Is Carrying A Fair Bit Of Debt

Naspers (JSE:NPN) Is Carrying A Fair Bit Of Debt

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

Aug 18
It's Unlikely That Naspers Limited's (JSE:NPN) CEO Will See A Huge Pay Rise This Year

It's Unlikely That Naspers Limited's (JSE:NPN) CEO Will See A Huge Pay Rise This Year

CEO Bob van Dijk has done a decent job of delivering relatively good performance at Naspers Limited ( JSE:NPN...

Shareholder Returns

NPNZA Online RetailZA Market
7D4.9%4.3%0.7%
1Y-15.7%-7.4%20.7%

Return vs Industry: NPN underperformed the ZA Online Retail industry which returned -9.3% over the past year.

Return vs Market: NPN underperformed the ZA Market which returned 21.3% over the past year.

Price Volatility

Is NPN's price volatile compared to industry and market?
NPN volatility
NPN Beta0.42
Industry Beta1
Market Beta1

Stable Share Price: NPN is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: NPN's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
191528,445Bob van Dijkhttps://www.naspers.com

Naspers Limited operates in consumer internet industry worldwide. It operates through Ecommerce, Social and Internet Platforms, and Media segments. The company builds various companies that empower people and enrich communities.

Naspers Fundamentals Summary

How do Naspers's earnings and revenue compare to its market cap?
NPN fundamental statistics
Market CapUS$71.23b
Earnings (TTM)US$5.30b
Revenue (TTM)US$5.93b

13.9x

P/E Ratio

12.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NPN income statement (TTM)
RevenueUS$5.93b
Cost of RevenueUS$4.09b
Gross ProfitUS$1.85b
Expenses-US$3.46b
EarningsUS$5.30b

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 22, 2021

Earnings per share (EPS)13.08
Gross Margin31.11%
Net Profit Margin89.38%
Debt/Equity Ratio19.8%

How did NPN perform over the long term?

See historical performance and comparison

Dividends

0.2%

Current Dividend Yield

4%

Payout Ratio

Does NPN pay a reliable dividends?

See NPN dividend history and benchmarks
When do you need to buy NPN by to receive an upcoming dividend?
Naspers dividend dates
Ex Dividend DateDec 01 2021
Dividend Pay DateDec 06 2021
Days until Ex dividend42 days
Days until Dividend pay date47 days

Does NPN pay a reliable dividends?

See NPN dividend history and benchmarks

Valuation

Is Naspers undervalued compared to its fair value and its price relative to the market?

13.87x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NPN (ZAR2551) is trading above our estimate of fair value (ZAR881.18)

Significantly Below Fair Value: NPN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NPN is good value based on its PE Ratio (13.3x) compared to the Global Online Retail industry average (26.8x).

PE vs Market: NPN is poor value based on its PE Ratio (13.3x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: NPN is poor value based on its PEG Ratio (8x)


Price to Book Ratio

PB vs Industry: NPN is good value based on its PB Ratio (2.4x) compared to the XX Online Retail industry average (3.8x).


Future Growth

How is Naspers forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

1.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NPN's forecast earnings growth (1.7% per year) is below the savings rate (8.8%).

Earnings vs Market: NPN's earnings (1.7% per year) are forecast to grow slower than the ZA market (12.2% per year).

High Growth Earnings: NPN's earnings are forecast to grow, but not significantly.

Revenue vs Market: NPN's revenue (23% per year) is forecast to grow faster than the ZA market (6.1% per year).

High Growth Revenue: NPN's revenue (23% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NPN's Return on Equity is forecast to be low in 3 years time (19.6%).


Past Performance

How has Naspers performed over the past 5 years?

9.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NPN has high quality earnings.

Growing Profit Margin: NPN's current net profit margins (89.4%) are higher than last year (77.4%).


Past Earnings Growth Analysis

Earnings Trend: NPN's earnings have grown by 9.6% per year over the past 5 years.

Accelerating Growth: NPN's earnings growth over the past year (71.3%) exceeds its 5-year average (9.6% per year).

Earnings vs Industry: NPN earnings growth over the past year (71.3%) exceeded the Online Retail industry 54%.


Return on Equity

High ROE: NPN's Return on Equity (17.8%) is considered low.


Financial Health

How is Naspers's financial position?


Financial Position Analysis

Short Term Liabilities: NPN's short term assets ($7.7B) exceed its short term liabilities ($4.3B).

Long Term Liabilities: NPN's short term assets ($7.7B) do not cover its long term liabilities ($8.6B).


Debt to Equity History and Analysis

Debt Level: NPN's debt to equity ratio (19.8%) is considered satisfactory.

Reducing Debt: NPN's debt to equity ratio has reduced from 29.3% to 19.8% over the past 5 years.

Debt Coverage: NPN's debt is not well covered by operating cash flow (0.9%).

Interest Coverage: Insufficient data to determine if NPN's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Naspers's current dividend yield, its reliability and sustainability?

0.24%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 19 2021Ex Dividend DateDec 01 2021Dividend Pay DateDec 06 20215 days from Ex DividendBuy in the next 42 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: NPN's dividend (0.25%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.07%).

High Dividend: NPN's dividend (0.25%) is low compared to the top 25% of dividend payers in the ZA market (8.09%).


Stability and Growth of Payments

Stable Dividend: NPN is not paying a notable dividend for the ZA market, therefore no need to check if payments are stable.

Growing Dividend: NPN is not paying a notable dividend for the ZA market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: NPN is not paying a notable dividend for the ZA market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NPN's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Bob van Dijk (48 yo)

7.5yrs

Tenure

US$16,661,000

Compensation

Mr. Bob van Dijk serves as an Independent Director at Booking Holdings Inc. since June 04, 2020. He has been the Chief Executive Officer of Naspers Limited since April 1, 2014. Mr. van Dijk is Chief Execut...


CEO Compensation Analysis

Compensation vs Market: Bob's total compensation ($USD16.66M) is above average for companies of similar size in the ZA market ($USD2.58M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: NPN's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: NPN's board of directors are considered experienced (7.7 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Naspers Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Naspers Limited
  • Ticker: NPN
  • Exchange: JSE
  • Founded: 1915
  • Industry: Internet and Direct Marketing Retail
  • Sector: Retail
  • Market Cap: R1.035t
  • Shares outstanding: 405.65m
  • Website: https://www.naspers.com

Number of Employees


Location

  • Naspers Limited
  • 40 Heerengracht
  • Cape Town
  • Western Cape
  • 8001
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 17:03
End of Day Share Price2021/10/19 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.