Want to see NPSNY full AI Analyst Report?
Top Page
Naspers
(OTC:NPSNY)
Select Model
Select Model
Rating:64Neutral
Price Target:
$10.50
▼(-21.05% Downside)
Action:Reiterated
Date:07/01/26
The score is supported by improving financial momentum (faster revenue growth and higher gross margins) and favorable valuation (low P/E and very high dividend yield). These positives are tempered by weak technicals (price below all key moving averages) and operational/cash-flow volatility, while the earnings call adds confidence on growth and cash flow but flags near-term profit flatness and competitive/execution risks.
Positive Factors
Revenue & margin improvement
Sustained revenue acceleration and a large gross margin uplift indicate improving monetization and product-market fit across platforms. This mix shift toward higher-margin adjacencies and platform monetization provides durable capacity to fund growth, reinvest in tech, and improve operating leverage over time.
Negative Factors
Thin, volatile operating profitability
Low and uneven operating margins limit the company's ability to consistently generate durable operating earnings from core activities. Historical operating losses imply profits have been heavily influenced by non-operating items, making long-term earnings visibility and cash conversion less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & margin improvement
Sustained revenue acceleration and a large gross margin uplift indicate improving monetization and product-market fit across platforms. This mix shift toward higher-margin adjacencies and platform monetization provides durable capacity to fund growth, reinvest in tech, and improve operating leverage over time.
Read all positive factors
Naspers (NPSNY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$42.01B
Dividend Yield0.27%
Average Volume (3M)147.84K
Price to Earnings (P/E)8.4
Beta (1Y)0.96
Revenue Growth51.97%
EPS Growth2.05%
CountryUS
Employees25,564
SectorConsumer Cyclical
Sector Strength84
IndustryInternet Content & Information
Share Statistics
EPS (TTM)1.28
Shares Outstanding3,825,466,800
10 Day Avg. Volume110,302
30 Day Avg. Volume147,835
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)1.75
Price to Sales (P/S)3.75
P/FCF Ratio27.01
Enterprise Value/Market Cap0.91
Enterprise Value/Revenue3.52
Enterprise Value/Gross Profit8.06
Enterprise Value/Ebitda12.44
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.12
Revenue Forecast (FY)$12.98B
Naspers Business Overview & Revenue Model
Company Description
Naspers Limited stands as a prominent global player in the consumer internet domain, simultaneously operating and maintaining strategic investments across a wide spectrum of digital platforms. Its extensive portfolio encompasses classifieds, food ...
How the Company Makes Money
Naspers makes money primarily through the cash flows, dividends, and value appreciation associated with its stake in Prosus and Prosus’s underlying portfolio companies. At the operating level (largely inside Prosus), revenue is generated by runnin...
Naspers Earnings Call Summary
Earnings Call Date:Jun 29, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Nov 30, 2026
Earnings Call Sentiment Positive
The call presented a strong set of operational and financial highlights — sizable revenue and EBITDA growth, substantial free cash flow improvement, rapid expansion of adjacencies (grocery, pharmacy, fintech), and clear AI/tech advantages (LCM, ToqanClaw, Zapia). Management is deliberately prioritizing strategic investments (notably in JET and iFood adjacencies) which creates near-term pressure on group profitability and exposes the business to competitive intensity (notably in Brazil) and execution risk when scaling pilots. Despite these challenges, the breadth of growth metrics, profitability improvements in several businesses (OLX, PayU India), and meaningful tech-led cost savings indicate confidence in the long-term thesis.Positive Updates
Revenue Scale and Guidance
Reported nearly EUR 10 billion in revenue for FY2026 with a stated plan to grow to more than EUR 13 billion next year (also referenced guidance of ~$12–12.3 billion from management commentary).
Negative Updates
Near-Term Profitability Trade-offs and FY2027 Flat EBITDA Expectation
Management expects to invest more in iFood and JET to drive longer-term growth, and indicated group profitability will be 'roughly flat' in FY2027 (investments may delay EBITDA expansion in the near term).
Read all updates
Q4-2026 Updates
Positive
Negative
Revenue Scale and Guidance
Reported nearly EUR 10 billion in revenue for FY2026 with a stated plan to grow to more than EUR 13 billion next year (also referenced guidance of ~$12–12.3 billion from management commentary).
Read all positive updates
Company Guidance
Management reiterated a growth-first guidance: Prosus says it serves ~1 billion customers with ~5 million partners and ~€100 billion GMV, reported almost €10bn revenue in FY2026 and guided to exceed €13bn next year (Nico also referenced $12–$12.3bn), with EBITDA at €1.3bn (up 84% YoY) and free cash flow improving by €2bn over two years to +€1.5bn; group profitability is expected to be roughly flat in FY2027 as it invests to deliver “billions” of profits over the medium term. Operational targets driving this include iFood ~200m orders, ecosystem revenues outside pure food of $1.5bn growing >40% (ecosystem >50% of revenue: food 45%, fintech 17%, travel 29%, other 7%), grocery +50% (multi‑year), pharmacy +70% YoY, multiple fintech businesses ~100% YoY (restaurant credit +115%, infra +100%, vouchers +60%), ecosystem profit >$150m, OLX EBITDA $480m (16% top‑line growth), LCM modeling 100m LATAM customers, ToqanClaw/Zapia rollout (70,000 agents, 12,000 apps, 4,000 employee users, expanded to 5m restaurant partners), logistics savings of €5m/month (~€60m/year), and an expectation that ~50% of revenue in the next 12–24 months will come from adjacencies, while a $5bn buyback program remains active.Naspers Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
64
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.91B | 7.18B | 6.43B | 5.96B | 6.29B |
| Gross Profit | 4.85B | 2.89B | 2.46B | 1.88B | 1.63B |
| EBITDA | 280.55M | 13.34B | 7.78B | 10.47B | 19.15B |
| Net Income | 5.00B | 5.24B | 2.85B | 4.33B | 12.22B |
Balance Sheet | |||||
| Total Assets | 79.68B | 73.27B | 62.27B | 65.50B | 71.32B |
| Cash, Cash Equivalents and Short-Term Investments | 15.91B | 18.33B | 19.26B | 21.28B | 13.65B |
| Total Debt | 18.04B | 16.82B | 16.50B | 16.45B | 16.15B |
| Total Liabilities | 25.84B | 22.06B | 20.99B | 20.89B | 21.19B |
| Stockholders Equity | 23.30B | 22.18B | 17.87B | 18.96B | 20.58B |
Cash Flow | |||||
| Free Cash Flow | 1.51B | 1.77B | 936.00M | -479.00M | -981.00M |
| Operating Cash Flow | 1.64B | 1.91B | 1.03B | -177.00M | -702.00M |
| Investing Cash Flow | 6.81B | 11.78B | 142.00M | 12.55B | 5.91B |
| Financing Cash Flow | -8.95B | -8.51B | -8.24B | -12.10B | 894.00M |
Naspers Technical Analysis
Positive
13.30
Price Trends
10.49
Positive
10.75
Negative
12.10
Negative
Market Momentum
-0.04
Negative
54.06
Neutral
86.76
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NPSNY, the sentiment is Positive. The current price of 13.3 is above the 20-day moving average (MA) of 10.21, above the 50-day MA of 10.49, and above the 200-day MA of 12.10, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 54.06 is Neutral, neither overbought nor oversold. The STOCH value of 86.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NPSNY.
Naspers Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $37.60B | 53.64 | 25.48% | ― | 70.64% | 477.34% | |
75 Outperform | $12.89B | 10.49 | 10.97% | 1.02% | 17.25% | -3.49% | |
67 Neutral | $12.62B | 46.56 | 7.76% | ― | 16.30% | -82.47% | |
64 Neutral | $42.01B | 8.36 | 21.96% | 0.27% | 51.97% | 2.05% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | $7.67B | -18.99 | -18.93% | ― | 10.26% | 23.77% | |
47 Neutral | $41.48B | 826.06 | 0.13% | ― | -2.40% | -98.39% |
* Consumer Cyclical Sector Average
NPSNY
Naspers
10.58
-1.72
-13.98%
BIDU
Baidu
117.51
29.07
32.87%
SNAP
Snap
4.70
-4.64
-49.68%
TME
Tencent Music Entertainment Group
8.85
-10.64
-54.60%
PINS
Pinterest
22.70
-13.10
-36.59%
RDDT
Reddit Inc Class A
200.31
57.31
40.08%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.