Obermatt

Nampak

JNB:NPK · ZAE000322095
Containers & PackagingMedium

360

86
EV / EBIT94
Price / Owner Earnings70
Owner Earnings Yield77
Dividend Yield79
Price/Sales90
EV / Gross Profit86
Price/Book78
Return on Capital98
Cash Return on Capital89
Return on Equity100
EBIT Margin79
Gross Profitability91
Cash Conversion20
Accruals49
Owner Earnings Margin63
Sales growth25
Profit Growth14
Long-Term EPS Growth24
Owner Earnings Growth21
Reinvestment80
Price momentum27
Debt load13
Refinancing71
Debt Payback43
Liquidity27
Analyst ratings
Opinion Changes50
Price Target Upside97
Market mood1
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

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

Profile

CountrySouth Africa
IndustryContainers & Packaging
SizeMedium
TypePublic Company
ExchangeJSE
Founded1968
Employees1,764
Websitenampak.com
ISINZAE000322095
Last UpdateApr 2, 2026
Index & Theme
Packaging ServicesManufacturingProduct Design

Description

Nampak Limited engages in the manufacture and sale of packaging products. Business Segments The company operates across multiple business segments that encompass different types of packaging and geographical markets. The company categorizes its ope…

Analysis

Hidden champion

Nampak Limited is what we call a hidden champion: a strong business that the market is not pricing as one. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 6.0× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

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

What to watch: The financial cushion is thinner than comfortable. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
31
2023202420252026

All-time high

57

Jan 2023

All-time low

12

Jan 2024

Average rank

36

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
90
79
100
98
Price/Earnings
90
79
85
62
Price/Book
78
30
77
98
Dividend Yield
79
1
1
1
Value (overall)
96
37
58
57

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 →