Karooooo Ltd.

KARO · Technology · Software - Application · Valued as of 2026-11-05 · Statements 2026-02-28

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

696.55M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

790.21M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

1.12B USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

868.56M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

2.01B USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.43×

the ratio the screener ranks by

Margin of Safety

-131.0%

1 − Market Cap ÷ Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 696.55M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)712.81M USD
−②Net Debt Today48.14M USD
+③Growth Value31.88M USD
=Value696.55M USD

EPV of the Operations (NOPAT over WACC)

712.81M USD

Net debt today

-48.14M USD

Growth Value

+31.88M USD

Value

696.55M USD

①EPV (Earnings Power Value)

712.81M USD

②Net Debt Today

48.14M USD

③Growth Value

31.88M USD

Market value

Market Cap2.01B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-188.1%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 790.21M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE621.90M USD
+②Equity at Year 15, Today168.31M USD
=Value790.21M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment falling to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

621.90M USD

②Equity at Year 15, Today

168.31M USD

Market value

Market Cap2.01B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-153.9%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 1.12B USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).
①Present Value of the 15 Years of FCFF903.81M USD
+②Invested Capital at Year 15, Today263.24M USD
−③Net Debt Today48.14M USD
=Value1.12B USD
FCFF: the NOPAT left for the shareholders and the lenders once the business reinvests what next year's growth needsReinvestment: the part of the year's NOPAT put back into the business to grow the next year; below zero, capital the business releasesPresent value of the FCFFColoured bars show the FCFF, grey bars the reinvestment. With a positive reinvestment the two stacked are the year's NOPAT; with a negative one the grey is below zero, capital the business releases, and the NOPAT is the FCFF plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROIC on new investment falling to the WACC. Axes linear.

①Present Value of the 15 Years of FCFF

903.81M USD

②Invested Capital at Year 15, Today

263.24M USD

③Net Debt Today

48.14M USD

Market value

Market Cap2.01B USD

The price on the date above times the shares.

Value vs market

Margin of Safety-79.3%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 9.10%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.80×Market Risk Premium 6.00%= 9.32%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 21.92M USDPretax Income 85.50M USD= 25.63%

The tax the interest saves.

Interest Expense =EBIT 90.36M USD−Pretax Income 85.50M USD= 4.86M USD

The interest the company paid: EBIT is the profit before tax plus the interest.

Cost of Debt =Interest Expense 4.86M USDTotal Debt 88.29M USD×(1 − Tax Rate for WACC 25.63%)= 4.09%

What the lenders are paid a year after the tax the interest saves.

Debt Weight =Total Debt 88.29M USDMarket Cap + Total Debt 2.01B USD + 88.29M USD= 4.21%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 95.79%×Cost of Equity 9.32%+Debt Weight 4.21%×Cost of Debt 4.09%= 9.10%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-08-31.

Total Assets 387.79M USD − Total Liabilities 194.85M USD = Book Value Today 192.94M USD

Total Debt 88.29M USD − Cash and Short-Term Investments 40.15M USD = Net Debt Today 48.14M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 1-0.0%at most 5%passes30,893,300 / 30,900,000
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets15.8%at least -10.0%passes(123.70M USD − 62.51M USD) ÷ 387.79M USD
Price to bookMarket Cap ÷ Book Value Today10.40×at most 3×does not pass2.01B USD ÷ 192.94M USD
Operating marginOperating Income ÷ Revenue25.8%above 10.0%passes88.97M USD ÷ 344.57M USD
Revenue growthRevenue ÷ Revenue a Year Before − 138.9%above 10.0%passes344.57M USD / 248.09M USD
Net cash(Cash − Total Debt) ÷ Market Cap-2.4%above -30%passes(40.15M USD − 88.29M USD) ÷ 2.01B USD
Operating efficiencyOperating Income ÷ Gross Profit38.0%above 25.0%passes88.97M USD ÷ 234.20M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

64.95 USD

Enterprise value

2.80B USD

the provider's own figure

EV ÷ EBITDA

1.20×

Price ÷ Book

10.68×

the provider's book

Price ÷ Earnings

31.35×

Return on equity

35.2%

the provider's figure, not this page's

Profit margin

17.6%

Revenue growth

22.0%

Analyst target, mean

75.05 USD

Analysts

5

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)2023202420252026

Revenue

191.00M218.65M248.09M344.57M

Gross profit

123.76M139.90M173.98M234.20M

Operating income

48.03M54.20M71.28M88.97M

EBITDA

operating income before depreciation and amortisation

82.40M94.15M111.89M153.83M

Pretax income

48.69M55.41M67.73M85.50M

Net income

32.52M38.38M50.03M62.51M

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

32.56M38.39M52.43M63.05M

R&D

9.64M11.03M12.33M16.44M
Balance sheet, year end (USD)2023202420252026

Total assets

204.31M223.93M275.88M364.38M

Total liabilities

57.71M67.82M99.59M155.15M

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

144.92M153.97M173.95M206.40M

Total debt

9.87M13.87M39.38M71.96M

Cash and equivalents

52.60M23.89M56.65M72.56M

Net PP&E

fixed assets after depreciation

86.69M105.69M136.24M198.14M

Working capital

current assets less current liabilities

36.67M27.02M11.13M5.87M
Cash flow (USD)2023202420252026

Operating cash flow

61.36M49.65M105.01M123.70M

Capital expenditure

paid out, so below zero

-34.11M-48.23M-58.73M-76.70M

Depreciation and amortisation

33.20M38.02M41.43M63.47M

Free cash flow

operating cash flow plus capital expenditure

27.25M1.43M46.28M47.00M