Santam (SNT.JO) Stock Price
Santam Price
Over the last 19 years Santam grew revenue by 9.5% annually, reaching 61.20 B ZAR. Earnings per share have grown at 4.6% per year over the last 19 years. For Santam, the net margin of 6.6% is down versus 8.9% a few years ago. At today's price the dividend yield works out to roughly 0.04%. The payout ratio is around 43% of earnings. The dividend has grown at 2.4% per year over the past 19 years. The consensus 12-month price target for Santam is 461.55 ZAR, about 98.9% below where the stock trades today. Of 9 analysts, 5 rate the stock a buy — an overall Buy consensus. The stock trades about 10,960% above its 52-week low.
Santam stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Santam 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 Santam 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 Santam's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Santam Price |
|---|---|
| 9/25/2026 | 40,207.00 ZAR |
| 9/23/2026 | 403.81 ZAR |
| 9/22/2026 | 406.44 ZAR |
| 9/21/2026 | 413.04 ZAR |
| 9/18/2026 | 412.27 ZAR |
| 9/17/2026 | 410.00 ZAR |
| 9/16/2026 | 410.42 ZAR |
| 9/15/2026 | 410.05 ZAR |
| 9/14/2026 | 407.14 ZAR |
| 9/11/2026 | 407.12 ZAR |
| 9/10/2026 | 396.46 ZAR |
| 9/9/2026 | 400.55 ZAR |
| 9/8/2026 | 405.20 ZAR |
| 9/7/2026 | 407.82 ZAR |
| 9/4/2026 | 411.00 ZAR |
| 9/3/2026 | 404.06 ZAR |
| 9/2/2026 | 411.34 ZAR |
| 9/1/2026 | 416.50 ZAR |
| 8/31/2026 | 416.50 ZAR |
| 8/28/2026 | 428.03 ZAR |
| 8/27/2026 | 431.20 ZAR |
| 8/26/2026 | 415.80 ZAR |
| 8/25/2026 | 401.61 ZAR |
| 8/24/2026 | 399.75 ZAR |
| 8/21/2026 | 398.75 ZAR |
| 8/20/2026 | 402.35 ZAR |
| 8/19/2026 | 405.56 ZAR |
| 8/18/2026 | 407.31 ZAR |
| 8/17/2026 | 410.00 ZAR |
| 8/14/2026 | 410.92 ZAR |
Santam Revenue, EBIT, Net Income
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Santam Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB ZAR |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB ZAR |
| EBITB ZAR |
| EBIT MARGIN% |
| NET INCOMEB ZAR |
| NET INCOME GROWTH% |
| DIVIDENDDIV.ZAR |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESM |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18.58 | 19.43 | 21.15 | 21.93 | 24.34 | 26.16 | 27.91 | 28.36 | 30.76 | 32.39 | 41.99 | 50.14 | 61.20 | 39.21 | 64.52 | 10.20 |
| 6.30 | 4.57 | 8.85 | 3.66 | 11.02 | 7.46 | 6.71 | 1.60 | 8.48 | 5.28 | 29.66 | 19.39 | 22.06 | -35.93 | 64.54 | -84.19 |
| 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 99.02 | 132.02 | 116.59 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| 18.58 | 19.43 | 21.15 | 21.93 | 24.34 | 26.16 | 27.91 | 28.36 | 30.46 | 42.76 | 48.96 | 50.14 | 61.20 | 39.21 | 64.52 | 10.20 |
| 1.54 | 2.33 | 3.37 | 1.95 | 2.45 | 3.75 | 3.94 | 1.86 | 4.87 | 3.61 | 4.22 | 5.95 | 7.83 | 6.38 | 8.15 | 8.11 |
| 8.28 | 12.00 | 15.94 | 8.88 | 10.07 | 14.33 | 14.10 | 6.57 | 15.83 | 11.15 | 10.05 | 11.87 | 12.79 | 16.28 | 12.63 | 79.56 |
| 1.12 | 1.58 | 2.35 | 1.21 | 1.67 | 2.43 | 2.20 | 0.33 | 2.75 | 1.98 | 3.25 | 3.68 | 4.06 | 3.95 | 4.65 | 5.02 |
| 9.06 | 40.98 | 48.70 | -48.38 | 37.54 | 45.59 | -9.39 | -85.13 | 739.45 | -27.87 | 64.14 | 13.20 | 10.33 | -2.61 | 17.58 | 8.09 |
| 6.52 | 6.95 | 7.68 | 8.39 | 9.06 | 9.79 | 10.57 | 14.36 | 8.64 | 12.52 | 31.20 | 14.40 | 15.75 | 21.80 | 23.97 | 26.37 |
| 11.45 | 6.60 | 10.50 | 9.24 | 7.99 | 8.06 | 7.97 | 35.86 | -39.83 | 44.91 | 149.20 | -53.85 | 9.37 | 38.41 | 9.95 | 10.01 |
| 115.52 | 115.36 | 112.48 | 111.51 | 111.58 | 111.01 | 111.39 | 110.92 | 110.78 | 110.32 | 109.73 | 110.82 | 110.52 | 110.52 | 110.52 | 110.52 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Santam 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 Santam 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 Santam'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 Santam 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 Santam'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.
Santam stock margins
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Santam Stock Revenue, EBIT, Earnings per Share
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Santam business model & stock analysis
Santam SWOT Analysis
Strengths
Santam Ltd possesses several strengths that contribute to its success in the insurance industry. Firstly, the company has a strong brand reputation and a long-standing history, which instills trust and loyalty among its customers. Secondly, Santam Ltd has a diverse portfolio of insurance products and services, offering comprehensive coverage options to meet various client needs. Additionally, the company prides itself on its excellent customer service, providing efficient claims processes and personalized assistance.
Weaknesses
Despite its strengths, Santam Ltd also faces certain weaknesses that may hinder its growth and competitive advantage. One notable weakness is the company's heavy reliance on the South African market, which exposes it to economic and political fluctuations within the country. Furthermore, Santam Ltd may struggle with employee retention and talent acquisition in an increasingly competitive job market, potentially impacting its operational efficiency.
Opportunities
Santam Ltd has several opportunities for expansion and innovation. With the rise of digitalization, the company can leverage technology to enhance its operational processes and improve customer experience. Furthermore, expanding its insurance offerings to new markets, both domestically and internationally, can drive revenue growth. Santam Ltd can also explore partnerships and collaborations with insurtech startups to tap into emerging trends and develop innovative insurance solutions.
Threats
Being in a highly competitive industry, Santam Ltd faces various threats that may pose challenges to its market position. One major threat is the increasing regulatory requirements and compliance costs, which can impact profitability and operational flexibility. Moreover, the emergence of new competitors and disruptive technologies in the insurance sector poses a threat to Santam Ltd's market share. Additionally, external factors such as natural disasters and economic downturns can lead to a surge in insurance claims and financial risks.
Santam Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Santam historical P/E ratio, EBIT multiple, and P/S ratio
Santam annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down Santam'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 Santam'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 Santam'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.
Santam shares outstanding
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Santam stock splits
Since 2007, a total of 1 shares have been converted from one Santam share.
Santam Dividend History
37 years of dividend payments
Santam dividend history and estimates
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Santam dividend payout ratio
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Current Santam forecasts and price targets in September 2026
Analyst Price Targets 2026Santam Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 9/3/2026 | -ZAR | 20.06ZAR | 18.91 BZAR | - | 2026 Q2 |
| 3/9/2026 | -ZAR | 18.44ZAR | 31.23 BZAR | - | 2025 Q4 |
| 9/1/2025 | 19.75ZAR | 18.55ZAR | -ZAR | - | 2025 Q2 |
| 3/2/2023 | -ZAR | 13.82ZAR | 28.85 BZAR | - | 2022 Q4 |
EESG©
Eulerpool ESG Scorecard© for the Santam stock
EEnvironment
Environment
SSocial
Social
GGovernance (Corporate Governance)
Governance (Corporate Governance)
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.
Santam shareholder structure
| % | Name |
|---|---|
4.57603% | |
1.13252% | |
0.55257% | |
0.49543% | |
0.28394% | |
0.25372% |
Santam Beneficial Ownership Filings (SEC 13D/G)
Santam Executives and Management Board
26 members · avg. age 53 · 38 % women
Mr. Tavaziva Madzinga (46)
Group Chief Executive Officer, Executive Director · since 2022
23.37 M ZAR
Management
Mr. Matthys Olivier (51)
Chief Financial Officer, Group Finance Director, Executive Director · since 2023
Mr. Gareth Beaver (54)
Chief Executive Officer - Specialist Business Solutions
Mr. Fanus Coetzee (55)
Chief Executive Officer - Broker Solutions
Mr. Asher Grevler (49)
Interim Chief Executive Officer - Santam Re
Mr. Atang Matebesi (36)
Chief Executive Officer - Client Solutions
Mr. Burton Naicker (50)
Chief Executive Officer - MiWay
Board of Directors
Mr. Monwabisi Fandeso (66)
Lead Independent Non-Executive Director
Mr. Preston Speckmann (68)
Independent Non-Executive Director
Ms. Nombulelo Moholi (65)
Independent Non-Executive Chairman of the Board
Ms. Deborah Loxton (61)
Independent Non-Executive Director
Ms. Caroline Da Silva (59)
Independent Non-Executive Director
Ms. Lucia Swartz (67)
Independent Non-Executive Director
Frequently asked questions about Santam
Santam Ltd is a leading South African insurance company. Its business model revolves around providing various insurance solutions and services. Santam offers a wide range of insurance products, including personal, commercial, and specialist lines of insurance. The company aims to mitigate risk and protect individuals, businesses, and assets from potential financial loss. Santam prides itself on its customer-centric approach, ensuring prompt and fair claims settlement. With a strong focus on sustainability and investing in technology, Santam continually strives to innovate and adapt to evolving customer needs. As a trusted insurance partner, Santam Ltd offers comprehensive coverage and peace of mind to individuals and businesses alike.
Santam Ltd is primarily active in the insurance industry.
The main competitors of Santam Ltd in the market include companies such as Old Mutual Insure, Hollard Insurance, Lion of Africa Insurance, and Discovery Insure.
Santam Ltd is a renowned insurance company with a rich history and background. Founded in 1918, Santam has emerged as one of the leading insurers in South Africa. The company has been providing comprehensive insurance solutions to individuals, businesses, and institutions for over a century. Santam's commitment to excellence and innovation has earned them a trusted reputation in the industry. With a wide range of products and services tailored to meet various needs, Santam continues to protect and support their clients, ensuring peace of mind in an ever-changing world. Santam Ltd's strong track record makes them a reliable choice for insurance solutions.
Some significant milestones achieved by Santam Ltd include its establishment in 1918 as the first short-term insurance company in South Africa. Over the years, Santam has grown to become a market leader, offering a wide range of insurance products and services. It has maintained a strong financial performance and has been listed on the Johannesburg Stock Exchange since 1964. Santam has expanded its operations beyond South Africa, with a presence in Namibia, Botswana, and Zimbabwe. The company has received numerous accolades and awards for its excellence in insurance and risk management, highlighting its reputation as a trusted and innovative industry player.
Santam Ltd is primarily present in South Africa, where the company is headquartered. As a leading insurance provider in the region, Santam Ltd offers a wide range of insurance products and services to individuals and businesses throughout South Africa. With a strong presence in the local market, Santam Ltd has established itself as a reputable and trusted insurance provider in the country.
Santam Ltd represents a strong commitment to ethical business practices and values. The company's corporate philosophy revolves around integrity, accountability, and customer-centricity. Santam Ltd aims to create sustainable value for its stakeholders and consistently strives for excellence in its operations. With over a century of experience, Santam Ltd prides itself on being a trusted and reliable insurer in the South African market. Its core values include professionalism, innovation, and teamwork, enabling the company to deliver tailored insurance solutions that meet the diverse needs of its customers. Santam Ltd's corporate philosophy reflects its dedication to providing comprehensive and quality insurance services.
Analysts currently set an average price target of 481.19 ZAR for the Santam stock (median: 461.55 ZAR), implying +19.2 % versus the latest price. The consensus is based on 9 analyst ratings.
9 analysts currently rate the Santam stock: 5 recommend buying, 3 holding and 1 selling. For 2026, analysts expect Santam to generate revenue of 39.21 B ZAR and earnings per share of 35.77 ZAR.
Converted at the current exchange rate, the Santam share trades at 2,151.46 EUR (40,207.00 ZAR).
The Santam share (SNT.JO) is listed on 1 stock exchanges, including: JSE (Johannesburg) (SNT.JO).
Santam Ltd is a leading insurance company in South Africa that offers a wide range of insurance products and services. The company was founded in 1918 and has its headquarters in Cape Town, South Africa. Santam specializes in risk management and offers solutions for asset protection and liability claims. Santam Ltd is divided into different divisions to meet the diverse needs of customers. The divisions include property, liability, transport, engineering, and financial risks, as well as legal protection and life insurance. In property insurance, Santam offers products to protect assets such as buildings, household goods, vehicles, and other property. The company also offers specialized property insurance for diamonds, artworks, and historical buildings. Santam's liability insurance protects customers against damages they have caused to others. The company also offers specialized liability insurance such as product, professional, event, and environmental liability insurance. Santam's transport insurance division provides coverage for the transportation of goods and cargo, as well as a combination of all types of transport risks. Santam's engineering insurance protects customers against damages that can arise from construction activities. The company also offers insurance against damages caused by machinery and electrical equipment, as well as cyber risks. Santam also offers financial insurance, such as business interruption, credit, and surety insurance, to protect customers from financial losses. In addition, Santam Ltd also offers legal protection insurance and life insurance. Legal protection insurance covers the costs of legal defense, while life insurance protects beneficiaries in the event of the insured person's death. Santam's business model is based on its risk management expertise and ability to develop tailored insurance solutions for customers. The company is committed to providing excellent customer service and strengthening its position as a market leader in the insurance industry in South Africa. Santam is also committed to protecting the environment and has an ambitious goal to become carbon neutral by 2030. The company has reduced its carbon emissions in recent years and is implementing advanced technologies and processes to further reduce its emissions. In summary, Santam Ltd is a leading insurance company in South Africa that offers a wide range of insurance products and services. The company specializes in risk management and provides tailored solutions for asset protection and liability claims. With a focus on customer service and environmental protection, Santam aims to provide value to its customers while creating a sustainable future.
The expected revenue of Santam is 39.21 B ZAR. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Santam is 3.95 B ZAR. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Santam is currently 1,124.05. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Santam stock.
The price-to-sales ratio (P/S) of Santam is currently 113.33. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Santam stock.
The Eulerpool Quality Score for Santam is 6/10.
The ISIN of Santam is ZAE000093779. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The ticker of Santam is SNT.JO. The ticker symbol is used to trade Santam shares on the stock exchange.
Over the past 12 months, Santam paid a dividend of 15.75 ZAR . This corresponds to a dividend yield of about 0.04 %. For the coming 12 months, Santam is expected to pay a dividend of 23.97 ZAR.
The current dividend yield of Santam is 0.04 %.
Santam pays a dividend, distributed in the months of September, March.
Santam paid dividends every year for the past 36 years.
For the upcoming 12 months, dividends amounting to 23.97 ZAR are expected. This corresponds to a dividend yield of 5.94 %.
Santam is assigned to the 'Finance' sector.
In the year 2025, Santam distributed 15.75 ZAR as dividends.
The dividends of Santam are distributed in ZAR.
Santam stock
Santam Peer Group
Santam Ticker
Santam FIGI
All fundamentals and in-depth analysis of Santam
Our stock analysis for Santam 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 Santam. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.