Discovery (DSY.JO) Stock Price

Discovery Price

🇿🇦JSE·CLOSED
28,714.00ZAR
Market closed
Today +/-
Today %

Discovery (DSY.JO) Stock | ISIN ZAE000022331 | WKN 338558. The current Discovery stock price is 28,714 ZAR (2026). Revenue is 44.31 B ZAR. Net income is 11.01 B ZAR. The P/E ratio is 1,743.97. Market capitalization is 19.2 T ZAR. Discovery operates in the Finance sector.

Over the last 19 years Discovery grew revenue by 15.7% annually, reaching 86.62 B ZAR. Earnings per share have grown at 14.1% per year over the last 19 years. For Discovery, the net margin of 10.8% is up versus 4.3% a few years ago. At today's price the dividend yield works out to roughly 0.01%. The payout ratio is around 354% of earnings. The dividend has grown at 13.4% per year over the past 19 years.

Discovery stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Discovery over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Discovery stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Discovery's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Discovery Stock Price History
DateDiscovery Price
Access this data via the Eulerpool API

Discovery Revenue, EBIT, Net Income

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Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
5.42 B ZAR
1.22 B ZAR
669 M ZAR
Jan 1, 2007
6.5 B ZAR
1.62 B ZAR
1.07 B ZAR
Jan 1, 2008
7.32 B ZAR
1.73 B ZAR
1.16 B ZAR
Jan 1, 2009
9.19 B ZAR
1.99 B ZAR
1.21 B ZAR
Jan 1, 2010
13.83 B ZAR
2.69 B ZAR
1.72 B ZAR
Jan 1, 2011
17.22 B ZAR
2.91 B ZAR
2.58 B ZAR
Jan 1, 2012
19.87 B ZAR
3.55 B ZAR
2.2 B ZAR
Jan 1, 2013
24.13 B ZAR
3.71 B ZAR
2.06 B ZAR
Jan 1, 2014
32.76 B ZAR
4.88 B ZAR
3.25 B ZAR
Jan 1, 2015
38.4 B ZAR
5.23 B ZAR
5.48 B ZAR
Jan 1, 2016
43.03 B ZAR
5.8 B ZAR
3.66 B ZAR
Jan 1, 2017
44.96 B ZAR
6.24 B ZAR
4.41 B ZAR
Jan 1, 2018
51.49 B ZAR
8.46 B ZAR
5.65 B ZAR
Jan 1, 2019
56.44 B ZAR
7.57 B ZAR
6.53 B ZAR
Jan 1, 2020
64.35 B ZAR
1.79 B ZAR
97 M ZAR

Discovery Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 21, 2026, 4:50 PM
 
REVENUE (B ZAR)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B ZAR)
NET INCOME (B ZAR)
NET INCOME GROWTH (%)
SHARES (M)
DOCUMENTS
202120222023202420252026e2027e2028e
73.7167.3170.0378.2986.6244.3146.5268.12
14.53-8.684.0411.810.63-48.844.9946.42
35.7346.0544.2639.5935.7869.9466.6245.5
26.3430.9930.9930.9930.9930.9930.9930.99
3.165.426.47.349.3311.0112.7414.68
3,154.6471.751814.7227.0718.0415.7215.18
664.07663.08661.33665.02668.72668.72668.72668.72
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Discovery generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Discovery retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Discovery's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Discovery has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Discovery's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Discovery stock margins

The Discovery margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Discovery. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Discovery.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
46.05 %
22.56 %
12.34 %
Jan 1, 2007
46.05 %
24.87 %
16.51 %
Jan 1, 2008
46.05 %
23.57 %
15.79 %
Jan 1, 2009
46.05 %
21.61 %
13.19 %
Jan 1, 2010
46.05 %
19.44 %
12.42 %
Jan 1, 2011
46.05 %
16.92 %
14.96 %
Jan 1, 2012
46.05 %
17.88 %
11.07 %
Jan 1, 2013
46.05 %
15.38 %
8.55 %
Jan 1, 2014
46.05 %
14.88 %
9.91 %
Jan 1, 2015
46.05 %
13.62 %
14.27 %
Jan 1, 2016
46.05 %
13.49 %
8.49 %
Jan 1, 2017
46.05 %
13.88 %
9.81 %
Jan 1, 2018
46.05 %
16.42 %
10.98 %
Jan 1, 2019
46.05 %
13.41 %
11.57 %
Jan 1, 2020
46.05 %
2.78 %
0.15 %

Discovery Stock Revenue, EBIT, Earnings per Share

The Discovery earnings per share therefore indicates how much revenue Discovery has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
9.19 ZAR
2.07 ZAR
1.13 ZAR
Jan 1, 2007
11.59 ZAR
2.88 ZAR
1.91 ZAR
Jan 1, 2008
13.03 ZAR
3.07 ZAR
2.06 ZAR
Jan 1, 2009
16.17 ZAR
3.49 ZAR
2.13 ZAR
Jan 1, 2010
24.22 ZAR
4.71 ZAR
3.01 ZAR
Jan 1, 2011
30.21 ZAR
5.11 ZAR
4.52 ZAR
Jan 1, 2012
34.86 ZAR
6.23 ZAR
3.86 ZAR
Jan 1, 2013
41.82 ZAR
6.43 ZAR
3.58 ZAR
Jan 1, 2014
54.97 ZAR
8.18 ZAR
5.45 ZAR
Jan 1, 2015
63.23 ZAR
8.61 ZAR
9.02 ZAR
Jan 1, 2016
66.97 ZAR
9.03 ZAR
5.69 ZAR
Jan 1, 2017
69.68 ZAR
9.67 ZAR
6.84 ZAR
Jan 1, 2018
79.78 ZAR
13.1 ZAR
8.76 ZAR
Jan 1, 2019
86.5 ZAR
11.6 ZAR
10.01 ZAR
Jan 1, 2020
97.32 ZAR
2.7 ZAR
0.15 ZAR

Discovery business model & stock analysis

Discovery Limited was founded in 1992 by South African entrepreneur Adrian Gore and is headquartered in Johannesburg, South Africa. The company operates in the insurance, financial services, and healthcare sectors and has over 10 million customers in 20 countries worldwide. Discovery's history began with the idea of creating an insurance that encourages people to live healthier lives rather than just protecting them in case of illness. This led to the development of the unique premium refund program called Vitality, which offers customers discounts on their insurance premiums for maintaining a healthy lifestyle. Today, Discovery offers a wide range of products and services aimed at improving people's lives in innovative and positive ways. Its business areas include: - Healthcare: Discovery is one of the leading providers of health insurance in South Africa and also offers healthcare services and programs such as VitalityHealth, VitalityLife, and Discovery Insure. - Financial services: Discovery is also involved in the financial services sector and offers products such as savings and investment accounts, hospital cashback plans, and pension funds. - Technology: Discovery has developed its own technology platform that allows customers to manage their health, insurance, and financial information in one place. This platform is also used by other companies and insurers worldwide. - Sports and entertainment: Discovery sponsors a range of sports and entertainment events and has its own television channel called Discovery Channel. - Corporate Wellness: Through its Vitality programs, Discovery also offers companies the opportunity to promote the health and well-being of their employees, thereby increasing employee satisfaction. Over the years, Discovery has received many awards and is considered one of the most innovative companies in the insurance and healthcare industry. The company has also focused on expanding into international markets and is now operating in countries such as the UK, USA, and China. Overall, Discovery aims to help people lead better lives in innovative ways. With its wide range of products and services and its unique approach to the insurance industry, Discovery has gained many customers around the world and is expected to continue growing in the future.

Discovery SWOT Analysis

Strengths

Discovery Ltd has several strengths that contribute to its success. One of its main strengths is its strong brand recognition and reputation in the market. This allows the company to attract customers and investors easily. Additionally, Discovery Ltd has a diverse range of products and services, including health insurance, wellness programs, and life insurance, which provides it with a competitive advantage. The company also has a strong financial position and a track record of consistent growth, making it a reliable choice for customers and stakeholders.

Weaknesses

Despite its strengths, Discovery Ltd also has some weaknesses that it needs to address. One of the main weaknesses is its dependence on the South African market. As a result, the company is vulnerable to fluctuations in the local economy and regulatory changes. Furthermore, Discovery Ltd has faced criticism for its complex pricing structure and the perception of its products being expensive. Addressing these weaknesses can help the company expand its market reach and improve customer satisfaction.

Opportunities

There are several opportunities that Discovery Ltd can capitalize on to further grow its business. One significant opportunity is the increasing demand for healthcare and wellness products worldwide. By expanding its operations into new markets and offering innovative solutions, Discovery Ltd can tap into this growing market and attract a larger customer base. Additionally, advancements in technology present opportunities for the company to enhance its digital capabilities, improve customer experience, and streamline its operations.

Threats

Like any other company, Discovery Ltd faces certain threats that could potentially impact its growth and profitability. One significant threat is the intense competition in the insurance and financial services industry. Competitors with similar offerings and lower prices may attract customers away from Discovery Ltd. External factors such as economic downturns and regulatory changes also pose threats to the company's operations. Additionally, the ongoing COVID-19 pandemic has introduced uncertainties and challenges that could impact the demand for insurance and related services.

Discovery Eulerpool Fair Value

Discovery historical P/E ratio, EBIT multiple, and P/S ratio

Discovery annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Discovery shares outstanding

The number of shares was Discovery in 2025 — This indicates how many shares 668.715 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
590 M base_Shares
Jan 1, 2007
561 M base_Shares
Jan 1, 2008
562 M base_Shares
Jan 1, 2009
568 M base_Shares
Jan 1, 2010
571 M base_Shares
Jan 1, 2011
570 M base_Shares
Jan 1, 2012
570 M base_Shares
Jan 1, 2013
577 M base_Shares
Jan 1, 2014
596 M base_Shares
Jan 1, 2015
607.29 M base_Shares
Jan 1, 2016
642.53 M base_Shares
Jan 1, 2017
645.24 M base_Shares
Jan 1, 2018
645.41 M base_Shares
Jan 1, 2019
652.57 M base_Shares
Jan 1, 2020
661.24 M base_Shares

Discovery Dividend History

19 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
20261.11ZARYTD
Mar 31, 20261.11ZAR 44.8%1/1
20252.93ZAR 29.6%
Mar 26, 20250.87ZAR 866.7%1/3
Mar 28, 20250.05ZAR 94.3%2/3
Oct 15, 20252.01ZAR 3920.0%3/3
20242.26ZAR 105.5%
20231.1ZAR 8.9%
20201.01ZAR 53.0%
20192.15ZAR 0.0%
20182.15ZAR 15.6%
20171.86ZAR 6.0%
20161.76ZAR 0.6%
20151.75ZAR 15.6%

Discovery dividend history and estimates

In 2025, Discovery paid a dividend amounting to 2.93 ZAR. Dividend means that Discovery distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Invalid Date
0 ZAR
0.27 ZAR
Jan 1, 2007
0.37 ZAR
0 ZAR
Jan 1, 2008
0.45 ZAR
0 ZAR
Jan 1, 2009
0.59 ZAR
0 ZAR
Jan 1, 2010
0.69 ZAR
0 ZAR
Jan 1, 2011
0.9 ZAR
0 ZAR
Jan 1, 2012
1.04 ZAR
0 ZAR
Jan 1, 2013
1.25 ZAR
0 ZAR
Jan 1, 2014
1.51 ZAR
0 ZAR
Jan 1, 2015
1.75 ZAR
0 ZAR
Jan 1, 2016
1.76 ZAR
0 ZAR
Jan 1, 2017
1.86 ZAR
0 ZAR
Jan 1, 2018
2.15 ZAR
0 ZAR
Jan 1, 2019
2.15 ZAR
0 ZAR
Jan 1, 2020
1.01 ZAR
0 ZAR

Discovery dividend payout ratio

In 2025, Discovery had a payout ratio of 354.07%. The payout ratio indicates the percentage of the company's profits that Discovery distributes as dividends.
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Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
23.26 %
Jan 1, 2007
18.86 %
Jan 1, 2008
21.03 %
Jan 1, 2009
26.61 %
Jan 1, 2010
22.32 %
Jan 1, 2011
19.39 %
Jan 1, 2012
26.1 %
Jan 1, 2013
33.95 %
Jan 1, 2014
26.97 %
Jan 1, 2015
19.34 %
Jan 1, 2016
30.85 %
Jan 1, 2017
27.21 %
Jan 1, 2018
24.55 %
Jan 1, 2019
21.48 %
Jan 1, 2020
688.48 %
Price targets and forecasts for Discovery are not yet available.

Discovery Earnings Estimates

Discovery Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/25/20214ZAR-ZAR2021 Q2
2/20/20183.85ZAR-ZAR2018 Q2
2/24/20150.33ZAR-ZAR2015 Q2
9/5/20122.17ZAR-ZAR2012 Q4
2/23/20121.96ZAR-ZAR2012 Q2

EESG©

Eulerpool ESG Scorecard© for the Discovery stock

74/100
59
Environment
99
Social
64
Governance
E

Environment

20
Scope 1 - Direct Emissions2,200
Scope 2 - Indirect emissions from purchased energy26,352
Scope 3 - Indirect emissions within the value chain31,685
Total CO₂ emissions28,552
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees60.3
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees48.9
Black Management Share13.8
Percentage of white employees18
White Management Share57.6
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Discovery shareholder structure

% Name
13.45121%
Public Investment Corporation (SOC) Limited
Public Investment Corporation (SOC) Limited
7.66461%
Remgro Ltd
Remgro Ltd
6.77573%
Gore (Adrian)
Gore (Adrian)
5.09683%
RBC Global Asset Management (UK) Limited
RBC Global Asset Management (UK) Limited
3.1675%
Swartzberg (Barry)
Swartzberg (Barry)
2.79841%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.75634%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.6414%
Capital World Investors
Capital World Investors
1.57636%
Ninety One SA Pty Ltd.
Ninety One SA Pty Ltd.
0.8214%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
...

Discovery Executives and Management Board

NK

Mr. Neville Koopowitz

(59)

Chief Executive Officer - Vitality · since 1999

Compensation78.68 M ZAR
HK

Mr. Hylton Kallner

(49)

Chief Executive Officer - SA Composite and Discovery Bank

Compensation50.05 M ZAR
AG

Mr. Adrian Gore

(60)

Group Chief Executive Officer, Founder, Executive Director

Compensation30.7 M ZAR
AP

Mr. Alan Pollard

(55)

President of Product and Innovation - Vitality Global · since 2007

Compensation25.63 M ZAR
DV

Mr. Deon Viljoen

(59)

Group Chief Financial Officer, Executive Director · since 2017

Compensation23.32 M ZAR
...

Frequently asked questions about Discovery

The business model of Discovery Ltd revolves around providing various insurance and financial products and services. Discovery Ltd, headquartered in South Africa, operates through its subsidiaries in the healthcare, life insurance, financial services, and wellness industries. The company emphasizes a client-centric approach by incentivizing and rewarding customers for engaging in healthy lifestyles through its Vitality program. Discovery Ltd's business model focuses on offering innovative products and solutions tailored to meet the individual needs of its customers, helping them improve their health and financial well-being. Through its integrated network and unique value proposition, Discovery Ltd aims to promote healthier lifestyles while providing financial security to its clients.

All fundamentals and in-depth analysis of Discovery

Our stock analysis for Discovery Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Discovery Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.