Obermatt

Momentum Group

JNB:MTM · ZAE000269890
InsuranceMedium

360

90
EV / EBIT96
Price / Owner Earnings83
Cash yield85
Price/Sales94
EV / Gross Profit100
Price/Book56
Returns on capital93
Profit margins72
Cash Conversion46
Accruals67
Owner Earnings Margin59
Sales growth24
Profit Growth52
Long-Term EPS Growth65
Owner Earnings Growth45
Reinvestment16
Price momentum63
Debt load41
Debt serviceability100
Liquidity59
Analyst ratings51
Opinion Changes50
Price Target Upside72
Market mood49
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Momentum Group clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountrySouth Africa
IndustryInsurance
SizeMedium
TypePublic Company
ExchangeJSE
Employees3,478
ISINZAE000269890
Last UpdateApr 2, 2026
Themes
Employee BenefitsFinancial Services

Description

Analysis

Hidden champion

Momentum Group Limited is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is attractive. You pay 8.3× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -6% yearly growth; analysts expect 10%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is adequate. The company scores 12/20 on our value-creation score: creating some value. Analysts lean positive.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
80
2023202420252026

All-time high

100

Jul 2025

All-time low

80

Jun 2026

Average rank

98

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
94
47
100
100
Price/Earnings
82
71
89
81
Price/Book
56
66
78
66
Dividend Yield
85
75
79
82
Value (overall)
88
81
77
94

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →