Naspers (NPN) Stock Overview
Operates as a consumer internet company in Africa, Asia, Europe, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 1/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
NPN Community Fair Values
Create NarrativeSee what 78 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Naspers Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R847.50 |
| 52 Week High | R1,311.44 |
| 52 Week Low | R785.78 |
| Beta | 0.68 |
| 1 Month Change | -0.98% |
| 3 Month Change | -7.45% |
| 1 Year Change | -23.59% |
| 3 Year Change | 27.15% |
| 5 Year Change | 45.87% |
| Change since IPO | 13,569.35% |
Recent News & Updates
Narrative Update • Jul 09
NPN: Future Returns Will Reflect Prosus Exposure And Share Buyback Outcomes
The Analyst Price Target for Naspers has been adjusted from ZAR 810 to ZAR 828, as analysts factor in updated assumptions on fair value, profitability and valuation multiples following fresh Street coverage that emphasizes the company’s significant exposure to Prosus and supports a Neutral stance overall. What's in the News Naspers reported completion of its share repurchase program announced on June 27, 2022, having bought back 939,992,619 shares in total for US$32.8b, according to company disclosures.Analysis Article • Jul 06
Naspers' (JSE:NPN) Anemic Earnings Might Be Worse Than You Think
Naspers Limited's ( JSE:NPN ) recent weak earnings report didn't cause a big stock movement. We think that investors...Analysis Article • Jul 02
Naspers Limited Just Beat Revenue By 6.9%: Here's What Analysts Think Will Happen Next
As you might know, Naspers Limited ( JSE:NPN ) recently reported its annual numbers. It was a workmanlike result, with...Recent updates
Narrative Update • Jul 09
NPN: Future Returns Will Reflect Prosus Exposure And Share Buyback Outcomes
The Analyst Price Target for Naspers has been adjusted from ZAR 810 to ZAR 828, as analysts factor in updated assumptions on fair value, profitability and valuation multiples following fresh Street coverage that emphasizes the company’s significant exposure to Prosus and supports a Neutral stance overall. What's in the News Naspers reported completion of its share repurchase program announced on June 27, 2022, having bought back 939,992,619 shares in total for US$32.8b, according to company disclosures.Analysis Article • Jul 06
Naspers' (JSE:NPN) Anemic Earnings Might Be Worse Than You Think
Naspers Limited's ( JSE:NPN ) recent weak earnings report didn't cause a big stock movement. We think that investors...Analysis Article • Jul 02
Naspers Limited Just Beat Revenue By 6.9%: Here's What Analysts Think Will Happen Next
As you might know, Naspers Limited ( JSE:NPN ) recently reported its annual numbers. It was a workmanlike result, with...Narrative Update • Jun 25
NPN: Future Returns Will Hinge On Prosus Exposure And P/E Expectations
Analysts have revised their price target on Naspers to ZAR 810, down from ZAR 1,087. This reflects updated assumptions for fair value, profit margins and future P/E multiples, alongside new Neutral coverage highlighting the central role of its Prosus stake.
Narrative Update • Jun 08
NPN: Prosus Exposure And Dividend Policy Will Support Future Upside
Analysts have trimmed their Naspers fair value estimate from ZAR 1,533.03 to ZAR 1,312.53. The updated ZAR 902 Street price target reflects a more cautious view on profit margins and future P/E multiples, even as assumptions for revenue growth remain firm.Analysis Article • May 31
Does Naspers (JSE:NPN) Deserve A Spot On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • May 25
NPN: Future Upside Will Depend On Morgan Stanley Upgrade And P/E Execution
Analysts have adjusted their fair value estimate for Naspers stock from ZAR1,076.13 to ZAR1,086.59, citing updated views on revenue growth, profit margins, and future P/E following recent research that included an upgrade highlighted by Morgan Stanley. Analyst Commentary The upgrade highlighted by Morgan Stanley comes alongside more cautious commentary from some bearish analysts who are focusing on valuation, execution, and long term growth risks for Naspers.Narrative Update • May 03
NPN: Future Upside Will Rely On Execution Against Refined P/E Assumptions
Naspers' analyst price target has been adjusted slightly from ZAR1,085.72 to ZAR1,076.13 as analysts refine their views on discount rates, revenue growth, profit margins, and future P/E assumptions following recent research updates. Analyst Commentary Recent research updates around the ZAR1,076.13 price target highlight a more cautious tone, with several Bearish analysts focusing on execution risks, valuation assumptions, and the sensitivity of Naspers' earnings to changes in discount rates and profit margin expectations.Narrative Update • Apr 18
NPN: Future Returns Will Be Driven By Portfolio Execution And Premium P/E
Narrative Update on Naspers The updated analyst price target for Naspers has shifted from around ZAR1,184 to about ZAR1,086. Analysts attribute this change to small adjustments in the discount rate, revenue growth, profit margin and future P/E assumptions following recent research updates.
Narrative Update • Apr 03
NPN: Higher Future P/E Assumptions Will Support A More Constructive Outlook
Naspers' updated analyst price target has shifted from ZAR1,752.32 to ZAR1,875.55, with analysts pointing to recalibrated assumptions around discount rates, revenue growth, profit margins and future P/E as key drivers behind the change. Analyst Commentary Recent research highlights a more constructive tone around Naspers, with bullish analysts reassessing key inputs such as discount rates, revenue growth, profit margins and future P/E assumptions.Narrative Update • Mar 19
NPN: Future Returns Will Be Driven By Higher Growth And Premium P/E
Analysts have raised their price target for Naspers to ZAR1,184, citing adjusted assumptions around the discount rate, revenue growth, profit margins, and future P/E as key drivers of the updated view. Valuation Changes Fair Value: ZAR1,184.25 remains unchanged in the updated assessment.Narrative Update • Mar 05
NPN: Future Returns Will Reflect Higher Growth And Premium Earnings Multiple
Narrative Update on Naspers Price Target Analysts have updated their fair value estimate for Naspers from ZAR1,242.88 to ZAR1,184.25, reflecting adjustments to assumptions around revenue, profit margins and future P/E expectations. Valuation Changes Fair Value: Updated from ZAR1,242.88 to ZAR1,184.25, indicating a small cut to the central valuation estimate.Narrative Update • Feb 18
NPN: Lower Discount Rate Will Support A More Optimistic Future P/E
Analysts have slightly trimmed their Naspers fair value estimate from ZAR1,768.46 to ZAR1,752.32 as tweaks to discount rate, growth and margin assumptions feed through to a modestly higher future P/E outlook. Valuation Changes Fair Value: Updated to ZAR1,752.32 from ZAR1,768.46, representing a small reduction in the estimate.Narrative Update • Feb 04
NPN: Higher Growth Assumptions Will Support A More Optimistic Future P/E
Analysts have cut their implied fair value estimate for Naspers from R8,039.18 to R1,768.46, citing updated assumptions for revenue growth, profit margins and future P/E that together indicate a more conservative view of the stock's potential valuation range. Valuation Changes Fair Value Estimate: Reduced from ZAR 8,039.18 to ZAR 1,768.46, pointing to a much lower implied valuation level.Analysis Article • Feb 01
Why Naspers Limited (JSE:NPN) Could Be Worth Watching
Let's talk about the popular Naspers Limited ( JSE:NPN ). The company's shares saw significant share price movement...Narrative Update • Jan 21
NPN: Dividend Policy And Profitability Assumptions Will Support Future Upside
Analysts have trimmed their price target for Naspers, with fair value moving from R1,569.02 to R1,533.03, reflecting updated views on the discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Naspers Limited announced an annual dividend of ZAR 5.08 per share, payable on December 8, 2025, with an ex-date of December 3, 2025, and a record date of December 5, 2025 (Key Developments).Narrative Update • Jan 07
NPN: Higher Revenue Outlook And Dividend Policy Will Support Future Upside
Analysts have trimmed their fair value estimate for Naspers from R1,586.07 to R1,569.02, citing updated assumptions around revenue growth, profit margins and a higher future P/E multiple. What's in the News Naspers Limited declared an annual dividend of R5.08 per share, with an ex-date on December 3, 2025, a record date on December 5, 2025, and payment scheduled for December 8, 2025 (Key Developments).Analysis Article • Dec 22
Naspers' (JSE:NPN) Returns On Capital Are Heading Higher
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Narrative Update • Dec 19
NPN: Future Returns Will Reflect Lower Margins And Higher Required Yield
Analysts have trimmed their price target on Naspers from approximately R5,295 to about R1,243. This reflects a more conservative stance on long term profitability and valuation multiples despite relatively stable growth expectations.Analysis Article • Dec 09
Do Naspers' (JSE:NPN) Earnings Warrant Your Attention?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Dec 05
NPN: Five-For-One Stock Split Will Unlock Additional Shareholder Value
Analysts have modestly trimmed their price target on Naspers to roughly $1,586 from about $1,607, as higher assumed discount rates and lower long term profit margins, partly offset by stronger revenue growth expectations and a higher future earnings multiple, recalibrate their valuation models. What's in the News Naspers Limited declared an annual dividend of ZAR 5.08 per share, payable on December 08, 2025, with an ex-dividend date of December 03, 2025, and a record date of December 05, 2025 (Key Developments).Analysis Article • Nov 26
Naspers (JSE:NPN) Could Easily Take On More Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Nov 21
NPN: Five-For-One Stock Split Will Unlock Additional Value For Shareholders
Analysts have raised their price target for Naspers, increasing the fair value estimate from R1,549.02 to R1,606.87. This change reflects updated views on modest adjustments in growth expectations and risks.Analysis Article • Nov 09
Investors Appear Satisfied With Naspers Limited's (JSE:NPN) Prospects
There wouldn't be many who think Naspers Limited's ( JSE:NPN ) price-to-earnings (or "P/E") ratio of 10.2x is worth a...Narrative Update • Nov 05
NPN: Five-For-One Stock Split Will Unlock Additional Value For Shareholders
Analysts have revised their price target for Naspers, maintaining the fair value estimate at R1,549.02 per share. The update reflects modest changes in discount rates and future growth expectations.Narrative Update • Oct 22
Analysts Boost Naspers Price Target Following Stock Split and Updated Valuation Metrics
Naspers Analyst Price Target Raised amid Revised Valuation Metrics Analysts have increased their price target for Naspers from approximately R1,480 to R1,549. They cite minor adjustments to discount rates and expected earnings multiples, which slightly boost fair value estimates.Narrative Update • Oct 08
AI-Driven E-commerce And Capital Investments Will Transform Operations
Analysts have significantly lowered their price target for Naspers from R6,927.62 to R1,479.85. This change is based on updated fair value estimates and a reassessment of future earnings potential.Analysis Article • Oct 03
Is Now An Opportune Moment To Examine Naspers Limited (JSE:NPN)?
Let's talk about the popular Naspers Limited ( JSE:NPN ). The company's shares saw a decent share price growth of 19...Narrative Update • Sep 24
AI-Driven E-commerce And Capital Investments Will Transform Operations
Despite analysts expressing increased confidence in Naspers’ growth strategy, improved core holdings outlook, and ongoing value-unlocking initiatives, the consensus analyst price target has edged down marginally from ZAR7002 to ZAR6928. Analyst Commentary Raised forecasts following positive updates from capital markets day presentations.Narrative Update • Aug 27
AI-Driven E-commerce And Capital Investments Will Transform Operations
Despite increased forecasts following capital markets day updates and new company guidance, the consensus analyst price target for Naspers has edged down slightly from ZAR7097 to ZAR7009. Analyst Commentary Increased forecasts following capital markets day presentations and updated company guidance.Analysis Article • Aug 15
Naspers (JSE:NPN) Might Have The Makings Of A Multi-Bagger
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Jul 31
Naspers Limited's (JSE:NPN) Earnings Haven't Escaped The Attention Of Investors
It's not a stretch to say that Naspers Limited's ( JSE:NPN ) price-to-earnings (or "P/E") ratio of 9.2x right now seems...
New Narrative • Apr 26
AI-Driven E-commerce And Capital Investments Will Transform Operations
Strategic investments in competitive regions and AI-driven innovations aim to enhance revenue, net margins, and operational efficiency.Shareholder Returns
| NPN | ZA Multiline Retail | ZA Market | |
|---|---|---|---|
| 7D | -0.7% | 2.2% | -0.1% |
| 1Y | -23.6% | 4.0% | 12.6% |
Return vs Industry: NPN underperformed the ZA Multiline Retail industry which returned 3.5% over the past year.
Return vs Market: NPN underperformed the ZA Market which returned 12.6% over the past year.
Price Volatility
| NPN volatility | |
|---|---|
| NPN Average Weekly Movement | 6.1% |
| Multiline Retail Industry Average Movement | 5.8% |
| Market Average Movement | 4.5% |
| 10% most volatile stocks in ZA Market | 9.5% |
| 10% least volatile stocks in ZA Market | 2.7% |
Stable Share Price: NPN has not had significant price volatility in the past 3 months compared to the ZA market.
Volatility Over Time: NPN's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1915 | 45,780 | Fabricio Bloisi | www.naspers.com |
Naspers Limited operates as a consumer internet company in Africa, Asia, Europe, and internationally. The company operates internet platforms, such as classifieds, an online classifieds platform; Payments and Fintech, a mobile and online payment platform; Food Delivery, an online food ordering and delivery platforms; Edtech, an online educational technology platform; social and internet platforms; health; and Etail and other e-commerce platforms. It engages in printing, distribution, circulation, and publishing of newspapers, magazines, and books.
Naspers Limited Fundamentals Summary
| NPN fundamental statistics | |
|---|---|
| Market cap | R639.18b |
| Earnings (TTM) | R81.99b |
| Revenue (TTM) | R178.50b |
7.8x
P/E Ratio3.6x
P/S RatioIs NPN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NPN income statement (TTM) | |
|---|---|
| Revenue | US$10.85b |
| Cost of Revenue | US$6.03b |
| Gross Profit | US$4.82b |
| Other Expenses | -US$162.00m |
| Earnings | US$4.98b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 6.61 |
| Gross Margin | 44.44% |
| Net Profit Margin | 45.93% |
| Debt/Equity Ratio | 32.6% |
How did NPN perform over the long term?
See historical performance and comparisonDividends
0.1%
Current Dividend Yield0.7855%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/14 07:35 |
| End of Day Share Price | 2026/07/13 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 world class team 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
Naspers Limited is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Bradley | Absa Bank Limited |
| Maurice Patrick | Barclays |
| John-Paul Davids | Barclays |