Stocktoria

Naspers Limited NPN.JO

ZA · Johannesburg Stock Exchange · XJSE · stock · Consumer Cyclical · website

Naspers Limited statistics & valuation

Market cap$588.5B
P / E118.4×
P / S54.3×
P / B25.3×
P / FCF421.9×
Dividend yield0.09%
Net margin45.8%
Return on equity21.3%
FCF margin12.9%
Net debt$10.2B
Enterprise value$46.6B
Return on capital0.4%
Graham number -99.9%$65.48

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($65.48); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
72.70% 44.40% 73.00% 45.80% 2023202420252026
Gross margin (%)
31.50% 38.30% 40.30% 44.40% 2023202420252026
Operating margin (%)
-7.20% -2.80% 1.70% 2.60% 2023202420252026
Return on equity (%)
22.80% 16.00% 23.60% 21.30% 2023202420252026
Shares outstanding
747.2M 747.2M 747.2M 747.2M 2023202420252026
Net debt ($)
$6.39B $13.93B $8.60B $10.17B 2023202420252026
Share buybacks ($)
$3.15B $3.07B $3.46B $3.00B 2023202420252026
Return on assets (%)
6.60% 4.60% 7.20% 6.20% 2023202420252026
Free cash flow margin (%)
-8.00% 14.60% 24.60% 12.90% 2023202420252026
Debt / equity (×)
0.83× 0.88× 0.68× 0.67× 2023202420252026
EPS ($)
$19.98 $14.76 $5.96 $6.11 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Naspers Limited trades at about 12875.6× earnings — below its 10-year norm (10-year range 14693.3×–82085.4×, median 50050.1×).

12875.6× 82085.4×

Shaded band = 10-year range (14693.3×–82085.4×); dot = today's 12875.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin44.4%40.3%38.3%31.5%
Operating margin2.6%1.7%-2.8%-7.2%
Net margin45.8%73.0%44.4%72.7%
FCF margin12.9%24.6%14.6%-8.0%
Return on assets6.2%7.2%4.6%6.6%
Return on equity21.3%23.6%16.0%22.8%
Debt / equity0.67×0.68×0.88×0.83×
Current ratio2.403.484.645.17

Computed from company filings · ZA · as of 2025-03-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.