Naspers (NPSNY) AI Stock Analysis

• Market Cap: $51.90B
• Dividend Yield: 0.15%
• Average Volume (3M): 147.84K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 1.03
• Revenue Growth: 13.95%
• EPS Growth: 88.52%
• Country: US
• Employees: 25,564
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Internet Content & Information
• EPS (TTM): 0.60
• Shares Outstanding: 3,917,932,600
• 10 Day Avg. Volume: 110,302
• 30 Day Avg. Volume: 147,835
• PEG Ratio: 0.02
• Price to Book (P/B): 0.38
• Price to Sales (P/S): 1.19
• P/FCF Ratio: 4.82
• Enterprise Value/Market Cap: 1.64
• Enterprise Value/Revenue: 11.86
• Enterprise Value/Gross Profit: 29.73
• Enterprise Value/Ebitda: 16.37
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: $14.50 ▲(18.27% Upside)

Naspers' strong financial performance and positive earnings call are major strengths, reflecting robust growth and strategic initiatives. However, technical indicators show bearish momentum, and the high P/E ratio suggests overvaluation, which tempers the overall score.

Positive Factors

Revenue Growth

Naspers' significant revenue growth demonstrates strong market demand and effective business expansion strategies, supporting long-term growth potential.

Cash Flow Improvement

Enhanced cash generation capabilities provide Naspers with greater financial flexibility to invest in growth opportunities and manage debt.

AI and Innovation Initiatives

Investments in AI and innovation can drive future growth by enhancing operational efficiencies and creating new revenue streams.

Negative Factors

Operational Inefficiencies

Low EBIT margins indicate operational inefficiencies that could hinder profitability and require strategic focus to improve cost management.

Challenges with Jet

Underperformance of Jet highlights execution challenges that could impact overall profitability and require strategic adjustments.

Increased Competition in Food Delivery

Rising competition in the food delivery sector could pressure margins and market share, necessitating strategic responses to maintain leadership.

Naspers Business Overview & Revenue Model

Company Description

Naspers Limited operates in the consumer internet industry worldwide. It operates through Classifieds, Food Delivery, Payments and Fintech, Etail, Edtech, and Other Ecommerce segments. It holds investments in classifieds, food delivery, payments and fintech, education, health, and ecommerce, as well as ventures, and social and internet platforms; and offers eMAG platform for online food and grocery delivery network. The company also prints, publishes, and distributes newspapers, magazines, and books through digital platforms, as well as provides media logistics. Naspers Limited was founded in 1915 and is headquartered in Cape Town, South Africa.

How the Company Makes Money

Naspers generates revenue primarily through its various business segments, which include e-commerce, pay television, and print media. The e-commerce segment, which includes platforms like Takealot and OLX, earns money through transaction fees, advertising, and subscription services. The company's video entertainment division, MultiChoice, provides subscription-based television services, contributing substantially to Naspers' revenue through monthly fees from subscribers. Additionally, Naspers has significant stakes in technology companies, most notably Tencent, a leading Chinese internet service portal, which contributes to its earnings through capital gains and dividends. Partnerships with local and international companies further enhance its revenue opportunities, allowing Naspers to leverage synergies and expand its market presence.

Naspers Financial Statement Overview

Summary

Naspers exhibits strong financial health with impressive revenue growth and profitability metrics. The balance sheet reflects a stable financial position with moderate leverage and strong return on equity. Cash flow performance is robust, with significant improvements in free cash flow generation. Overall, the company is well-positioned for continued growth, though attention to operational efficiency could further enhance performance.

Income Statement

Naspers has demonstrated strong revenue growth with a 39.3% increase in the latest period, indicating robust business expansion. The gross profit margin of 40.3% and net profit margin of 73% reflect efficient cost management and high profitability. However, the EBIT margin is relatively low at 1.8%, suggesting potential inefficiencies in operational management.

Balance Sheet

The company's debt-to-equity ratio of 0.76 indicates a moderate level of leverage, which is manageable but should be monitored. The return on equity is strong at 23.6%, showcasing effective use of shareholder funds. The equity ratio of 30.3% suggests a balanced capital structure, though there is room for improvement in asset financing.

Cash Flow

Naspers has shown a significant improvement in free cash flow with a growth rate of 42%, indicating enhanced cash generation capabilities. The operating cash flow to net income ratio of 0.30 suggests that cash flow generation is aligned with profitability. The free cash flow to net income ratio of 0.93 reflects a healthy conversion of profits into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.17B	7.18B	6.43B	5.96B	6.29B	5.93B
Gross Profit	2.86B	2.89B	2.46B	1.88B	1.63B	1.85B
EBITDA	5.20B	13.34B	7.78B	10.47B	19.15B	7.75B
Net Income	5.23B	5.24B	2.85B	4.33B	12.22B	5.30B
Balance Sheet
Total Assets	73.27B	73.27B	62.27B	65.50B	71.32B	53.82B
Cash, Cash Equivalents and Short-Term Investments	18.33B	18.33B	19.26B	21.28B	13.65B	6.45B
Total Debt	16.82B	16.82B	16.50B	16.45B	16.15B	8.27B
Total Liabilities	22.06B	22.06B	20.99B	20.89B	21.19B	12.96B
Stockholders Equity	22.18B	22.18B	17.87B	18.96B	20.58B	29.19B
Cash Flow
Free Cash Flow	1.79B	1.77B	936.00M	-479.00M	-981.00M	-62.00M
Operating Cash Flow	1.90B	1.91B	1.03B	-177.00M	-702.00M	73.00M
Investing Cash Flow	11.81B	11.78B	142.00M	12.55B	5.91B	-731.00M
Financing Cash Flow	-8.54B	-8.51B	-8.24B	-12.10B	894.00M	53.00M

Naspers Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NPSNY, the sentiment is Negative. The current price of 12.26 is below the 20-day moving average (MA) of 13.40, below the 50-day MA of 13.93, and below the 200-day MA of 12.26, indicating a bearish trend. The MACD of -0.47 indicates Positive momentum. The RSI at 30.77 is Neutral, neither overbought nor oversold. The STOCH value of 17.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NPSNY.

Naspers Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PINS	78 Outperform	$18.07B	9.27	51.49%	―	16.79%	819.94%
RDDT	75 Outperform	$44.36B	128.94	15.22%	―	69.71%	―
TME	71 Outperform	$26.50B	19.03	14.47%	0.97%	13.86%	80.97%
NPSNY	69 Neutral	$51.90B	17.26	25.30%	0.15%	13.95%	88.52%
BIDU	64 Neutral	$42.99B	40.86	3.02%	―	-3.49%	-60.83%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SNAP	61 Neutral	$13.60B	―	-22.38%	―	11.75%	49.19%

Naspers Corporate Events

Naspers Limited Reports Strong Growth in 2025 Earnings

Naspers Limited is a global technology group with a diverse portfolio of businesses and investments in growth markets worldwide, primarily focusing on ecommerce and technology-driven solutions. In its latest earnings report for the six months ending September 2025, Naspers reported a robust financial performance with significant growth in revenue and profitability across its ecommerce segments. The company’s consolidated revenue increased by 20% to US$4.1 billion, driven by strong growth from iFood in Latin America, OLX in Europe, and PayU in India. Ecommerce aEBITDA grew by 71% to US$557 million, and core headline earnings rose by 13% to US$1.7 billion, reflecting the success of its strategic initiatives and share-repurchase program.