Valuation Naspers Limited

Equities

End-of-day quote Johannesburg S.E. Other stock markets 15/05/2026			5-day change	1st Jan Change
868.42 ^ZAR	+1.69%		-2.75%	-21.38%

22/04	Naspers is exploring strategic options for City Press - Bloomberg News	RE
21/04	Naspers Limited Announces Passing of Steve Pacak, Non-Executive Director and Chair of Audit and Risk Committees	CI

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	99,910	46,834	37,849	31,583	40,056	39,381	-	-
Change	-	-53.12%	-19.19%	-16.55%	26.83%	-1.69%	-	-
Enterprise Value (EV) ¹	1,01,722	49,326	33,020	28,326	37,616	41,481	39,652	35,823
Change	-	-51.51%	-33.06%	-14.21%	32.8%	10.27%	-4.41%	-9.66%
P/E ratio	19.9x	2.76x	9.45x	12x	8.26x	8.77x	8.03x	6.54x
PBR	3.44x	1.6x	2.04x	1.85x	1.89x	1.67x	1.38x	1.15x
PEG	-	0x	-0.2x	-0.5x	0x	-31.47x	0.88x	0.3x
Capitalization / Revenue	16.8x	5.9x	5.58x	4.91x	5.58x	3.85x	3x	2.83x
EV / Revenue	17.1x	6.21x	4.87x	4.4x	5.24x	4.05x	3.02x	2.57x
EV / EBITDA	-1,226x	-116x	-48.2x	-66x	119x	43.2x	30.9x	21.3x
EV / EBIT	-293x	-69.7x	-23.9x	-50.4x	303x	65.2x	45.7x	28.9x
EV / FCF	-1,641x	-51.4x	-74.2x	29.9x	21.2x	23.3x	18.7x	11.6x
FCF Yield	-0.06%	-1.95%	-1.35%	3.34%	4.71%	4.3%	5.34%	8.63%
Dividend per Share ²	0.0815	0.0836	-	0.0215	0.0462	0.2649	0.3027	0.4036
Rate of return	0.17%	0.37%	-	0.06%	0.09%	0.51%	0.58%	0.78%
EPS ²	2.408	8.254	3.936	2.952	5.954	5.937	6.481	7.963
Distribution rate	3.38%	1.01%	-	0.73%	0.78%	4.46%	4.67%	5.07%
Net sales ¹	5,934	7,940	6,778	6,431	7,181	10,238	13,136	13,937
EBITDA ¹	-83	-424	-685	-429	315	961.1	1,284	1,681
EBIT ¹	-347	-708	-1,384	-562	124	636.5	868.4	1,240
Net income ¹	5,304	12,223	4,331	2,855	5,242	4,385	4,581	5,534
Net Debt ¹	1,812	2,492	-4,829	-3,257	-2,440	2,100	270.8	-3,558
Reference price ²	47.84	22.75	37.18	35.44	49.18	52.05	52.05	52.05
Nbr of stocks (in thousands)	20,88,607	20,58,863	10,18,081	8,91,174	8,14,507	7,56,597	-	-
Announcement Date	21/06/21	27/06/22	26/06/23	24/06/24	23/06/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NASPERS LIMITED	8.77x	4.05x	43.16x	0.51%	3.94TCr
TENCENT HOLDINGS LIMITED	15.3x	4.18x	9.87x	1.36%	53TCr
NETFLIX, INC.	24.21x	7.16x	21.48x	-.--%	37TCr
UBER TECHNOLOGIES, INC.	25.48x	2.64x	13.61x	-.--%	15TCr
PROSUS N.V.	9.96x	12.09x	120.47x	0.42%	11TCr
SK SQUARE CO., LTD.	5.58x	83.47x	3.14x	0.14%	9.66TCr
SPOTIFY TECHNOLOGY S.A.	29.19x	3.53x	22.89x	-.--%	8.98TCr
AIRBNB, INC.	26.14x	4.86x	13.7x	-.--%	7.88TCr
DOORDASH, INC.	61.95x	3.64x	17.71x	-.--%	6.94TCr
KUAISHOU TECHNOLOGY	13.37x	1.17x	6.17x	0.76%	2.73TCr
Average	22.00x	12.68x	27.22x	0.32%	15.52TCr
Weighted average by Cap.	20.68x	10.12x	22.15x	0.52%