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Santam Ltd (SNT.JO)

ZAc40,093.00 -12.00 (-0.03%)
ZA JNB Financial Services Insurance - Specialty
Address 1 Sportica Crescent 7530
Bellville, ZA
CEO Tavaziva Chadamoyo Madzinga
Website santam.co.za
IPO 2000-01-04
ISIN ZAE000093779

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Description

Santam Ltd, operating with its subsidiaries, provides a comprehensive range of general insurance products across South Africa, the broader African continent, Southeast Asia, India, the Middle East, and various international markets. Its extensive product portfolio includes personal insurance for vehicles, buildings, home contents, drones, executives, and watercraft, complemented by smartpark and SOS services. For commercial clients, it offers insurance tailored for businesses, guesthouses, tourism, leisure, and entertainment sectors. Additionally, Santam provides specialist insurance categories such as aviation, cell captive, corporate property, court bonds, engineering, heavy haulage, the hospitality industry, liability, marine, private client, seamless products, structured solutions, travel, taxi services, and real estate. Its agricultural insurance covers assets, crops, and fire risks. Beyond insurance, the company also participates in investment and reinsurance. Founded in 1918 and headquartered in Bellville, South Africa, Santam Ltd operates as a subsidiary of Sanlam Ltd.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
ZAc40,093.00 -12.00 (-0.03%)
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Volume Profile
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Liquidity & share structure
Average Volume
87.3K
Beta
0.25
Float Shares
36.58M
Free Float %
33.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.26% -1.69% -6.20% -14.42% -10.50% -12.46% -11.20% +43.64% +38.60% +64.06% +1,134.92%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
40,093.00
DCF (Unlevered) 287,258.96 +616.5%
DCF (Levered) 183,976.82 +358.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.80
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Insurance - Specialty: +11.0%
    +22.1% ★ Q4'25: +18.2% (vs Q4'23)
  • ✓
    EPS growth Insurance - Specialty: +18.3%
    +10.7% Q4'25: +1.6% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Insurance - Specialty: +39.7%
    +20.4% ★ Q4'25: -1.7% (vs Q4'23)
  • ✗
    EBIT margin Insurance - Specialty: +18.3%
    +13.6% Q4'25: +13.7% (vs Q4'23)
  • ✓
    ROIC Insurance - Specialty: +10.3%
    +34.7% ★ Q4'25: +71.1% (vs Q4'23)
  • ✓
    Share dilution Insurance - Specialty: +0.5%
    -0.3% Q4'25: +0.7% (vs Q4'23)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Insurance - Specialty: 0.25×
    0.58× ★ Q4'25: 0.30× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.31) × ERP
WACC = 89% × Ke + 11% × Kd (10.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 287,258.96 Current price: 40,093.00
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
2 Rev. Ana.
4 EPS Ana. 		Dec 2027
2 Rev. Ana.
3 EPS Ana. 		Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
21.93B
est: 26.05B (-15.8%)
24.34B
est: 29.14B (-16.5%)
26.16B
est: 24.29B (+7.7%)
27.91B
est: 26.19B (+6.6%)
28.36B
est: 28.56B (-0.7%)
30.76B
est: 26.14B (+17.7%)
32.39B
est: 27.84B (+16.3%)
41.99B
est: 44.43B (-5.5%)
50.14B
est: 30.58B (+63.9%)
61.20B
est: 45.56B (+34.3%)
59.21B
55.94B – 64.95B
+30.0% YoY
64.75B
61.14B – 71.56B
+9.4% YoY
10.20B
9.63B – 11.23B
-84.2% YoY
EBITDA
2.09B
est: 3.24B (-35.7%)
2.59B
est: 3.62B (-28.6%)
3.67B
est: 3.02B (+21.6%)
4.18B
est: 3.26B (+28.2%)
2.36B
est: 3.55B (-33.7%)
4.83B
est: 3.25B (+48.6%)
4.02B
est: 3.46B (+16.0%)
5.09B
est: 6.05B (-15.8%)
6.85B
est: 4.16B (+64.7%)
8.65B
est: 6.20B (+39.6%)
8.06B
7.61B – 8.84B
+30.0% YoY
8.81B
8.32B – 9.74B
+9.4% YoY
1.39B
1.31B – 1.53B
-84.2% YoY
EBIT
1.99B
est: 3.07B (-35.1%)
2.47B
est: 3.43B (-28.0%)
3.85B
est: 2.86B (+34.5%)
3.84B
est: 3.09B (+24.5%)
2.36B
est: 3.36B (-30.0%)
4.55B
est: 3.08B (+47.7%)
3.74B
est: 3.28B (+14.0%)
4.76B
est: 5.71B (-16.6%)
6.49B
est: 3.93B (+65.2%)
8.34B
est: 5.85B (+42.5%)
7.61B
7.19B – 8.35B
+30.0% YoY
8.32B
7.86B – 9.19B
+9.4% YoY
1.31B
1.24B – 1.44B
-84.2% YoY
Net Income
1.21B
est: 1.33B (-8.8%)
1.67B
est: 1.34B (+24.1%)
2.43B
est: 1.83B (+32.8%)
2.20B
est: 1.97B (+11.8%)
327.00M
est: 778.92M (-58.0%)
2.75B
est: 2.05B (+33.7%)
1.98B
est: 1.56B (+26.6%)
3.25B
est: 2.98B (+9.0%)
3.68B
est: 4.01B (-8.2%)
4.06B
est: 4.18B (-2.8%)
4.46B
3.47B – 4.58B
+6.8% YoY
5.03B
4.30B – 5.15B
+12.8% YoY
5.22B
4.84B – 5.91B
+3.8% YoY
SGA
3.25B
est: 1.58B (+105.7%)
3.65B
est: 1.77B (+106.8%)
4.47B
est: 1.47B (+203.4%)
4.54B
est: 1.59B (+185.9%)
4.45B
est: 1.73B (+157.1%)
4.79B
est: 1.58B (+202.7%)
5.25B
est: 1.69B (+211.1%)
-7.22B
est: 1.30B (-655.9%)
—
est: 893.37M (-100.0%)
—
est: 1.33B (-100.0%)
1.73B
1.63B – 1.90B
+30.0% YoY
1.89B
1.79B – 2.09B
+9.4% YoY
297.94M
281.39M – 328.11M
-84.2% YoY
EPS
11.00
est: 12.01 (-8.4%)
15.11
est: 12.13 (+24.5%)
21.98
est: 16.50 (+33.2%)
19.90
est: 17.76 (+12.0%)
2.96
est: 7.03 (-57.9%)
24.91
est: 18.55 (+34.3%)
18.06
est: 14.12 (+27.9%)
29.73
est: 27.26 (+9.0%)
33.56
est: 32.26 (+4.0%)
37.17
est: 37.17 (0.0%)
38.52
31.45 – 41.53
+3.6% YoY
43.02
38.95 – 46.63
+11.7% YoY
47.28
43.87 – 53.51
+9.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-28 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-27 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-26 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-25 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-22 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-21 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-20 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-19 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-18 A- 4/5 5/5 5/5 5/5 2/5 2/5 1/5
2026-05-15 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-14 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-13 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-12 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-11 A- 4/5 5/5 5/5 5/5 3/5 2/5 1/5
2026-05-08 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-07 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-06 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-05 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-04 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-30 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-29 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-28 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-24 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-23 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-22 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-21 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-20 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-17 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-16 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5
2026-04-15 A- 4/5 5/5 5/5 5/5 2/5 3/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.61B
OE per share TTM
59.86
Owner's Yield
16.18%
Maintenance CapEx ratio
4.27%
Maint CapEx / Avg PPE
2.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.29M
Shares Outstanding
109.24M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Tavaziva Chadamoyo Madzinga Chief Executive Officer & Executive Director 25M male
Matthys Lodewikus Olivier Group Chief Financial Officer, Debt Officer, Finance Director & Executive Director 11M male
Nomagugu Vivian Mtetwa Chief Executive Officer of Santam Partner Solutions 612.2K female
Sam Nkosi Chief Information Officer — male
Steve Murphy Head of Santam Reinsurance — male
Thabiso Rulashe Head of Investor Relations & Strategy — male
Karl Socikwa Head of Market Development & Sustainability — male
Tinyiko Ribisi-Termark Chief Legal Officer — female
Norah Sehunoe Executive Head of Human Capital — —
Quinten Matthew FIISA Chief Commercial Officer — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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