Page 171 - Profile's Stock Exchange Handbook - 2026 Issue 1

Profile’s Stock Exchange Handbook: 2026 - Issue 1 JSE - REM
REMGRO FORECAST DATA REMGRO ANALYSIS DATA
Market Cap at 3 Dec 2025: 93 968m VALUATION DATA
Shares in issue: 529 217 007 Jun 25 Jun 24 Jun 23 Jun 22 Jun 21
Final Final Final Final Final
REM Price(c) at 3 Dec 2025: 17 756 MrktCap (Rm) 89 429 76 927 81 716 71 439 63 488
REM Hi/Lo Price(c) (24 Mnths): 1 7930/ 11 620 Pct chng 16.3 - 5.9 14.4 12.5 14.7
REM P/E at 3 Dec 2025: 12.67 P/E at prd end 13.14 12.11 14.82 15.19 353.70
Hi/Lo REM P/E (18 Mnths): 15.89/ 10.39 Tr 5 yr avg 81.79 81.25 81.42 81.38 81.64
Hi/Lo Index P/E (18 Mnths): 18.77/ 7.89 Index prd end P/E 10.97 11.65 15.26 9.90 8.99
REM Volatility (36 Mnths): 3.70 Tr 5 yr avg 11.36 4.22 5.79 8.19 19.34
CONSENSUS
VIEW
HEPS DPS (ZARc) NAV (ZAR/cps)
1600 22000
1400 20000
18000
BUY BUY HOLD SELL 1200 16000
14000
1000
12000
EARNINGS FORECASTS Jun 26 F Jun 27 F Jun 28 F 800 10000
600 8000
HEPS HEPS HEPS 400 6000
4000
Number of contributors 5 5 0 200 2000
0 0
High estimate 1 578.0 1 734.0 0.0 Jun 21 Jun 22 Jun 23 Jun 24 Jun 25 Jun 21 Jun 22 Jun 23 Jun 24 Jun 25
Low estimate 1 408.9 1 557.2 0.0 MORE RATIOS AND STATS (Finals only)
Standard deviation 56.6 64.4 0.0 Jun 25 Jun 24 Jun 23 Jun 22 Jun 21
Final Final Final Final Final
Profile Media Consensus 1 512.8 1 683.2 0.0 Sales/Share(c) 9 272.52 9 089.88 8 556.45 7 419.33 11 646.86
Pct change prev year 7.9% 11.3% - 100.0% Pct chng 2.0 6.2 15.3 - 36.3 20.2
Prospective P/E 11.7 10.5 â ˆ Tr 5 yr avg 9 197.01 9 280.05 9 476.43 8 863.11 8 376.68
Fwd price: hi REM P/E, hi est 25 073 27 552 0 Price/Sales ps 1.70 1.49 1.71 1.71 0.96
Fwd price: hi REM P/E, lo est 22 386 24 742 0 Price/NAV 0.75 0.67 0.71 0.73 0.74
Fwd price: lo REM P/E, hi est 17 169 18 866 0 Price/CashFlow 17.97 24.54 58.16 10.08 11.86
Fwd price: lo REM P/E, lo est 15 329 16 943 0
Tr 3 yr avg TotRet 9.31 8.45 15.62 0.12 - 5.99
DIVIDEND FORECASTS Jun 26 F Jun 27 F Jun 28 F Tr 5 yr avg TotRet 11.53 2.05 2.13 - 1.43 - 6.94
DPS DPS DPS Volatility 6.3 6.2 6.1 7.0 6.8
Number of contributors 1 1 0
High estimate 162.9 172.6 0.0
Risk / Return Profile PEG Inverse 3.33
Low estimate 162.9 172.6 0.0 140
50
Standard deviation 0.0 0.0 0.0
Profile Media Consensus 162.9 172.6 0.0 3Yr Compound Return 20
Pct change prev year - 69.9% 6.0% - 100.0% 5 Yr Average HEPS Growth
Prospective DY 0.9 1.0 0.0
-100 0
0 140 280 0 50
Historical PE Range Volatility P/E
600
HISTORICAL SHARE PRICE PERFORMANCE DATA
400
Annualised returns with divs reinvested to 3 Dec 2025
Grwth in Annualised
200
Avg High p.a. Return R1000 Inflation Volatility
Average 67.49
Avg Low
0 1 Yr 20.55% 1 206 3.59% 3.5
2021 2022 2023 2024 2025
2 Yr 13.96% 1 299 3.26% 6.1
REM Hi PE, Hi Est Hi PE, Lo Est Lo PE, Hi Est Lo PE, Lo Est P/E
500 30000 3 Yr 11.88% 1 400 4.01% 6.0
25000 5 Yr 15.89% 2 090 4.97% 6.0
400
20000 7 Yr 4.98% 1 405 4.52% 6.9%
300
15000 10 Yrs 2.18% 1 240 4.80% 6.4
200
10000
TRI REM
100 5000 120
100
0 0
Jan 2021 Jan 2022 Jan 2023 Jan 2024 Jan 2025 Jan 2026 Jan 2027 Jan 2028 80
60
Forecast HEPS Growth Forecast DPS Growth
1800 550 40
1600 11.3% 500
1400 7.9% 450 20
400
1200 0
350
1000 300
800 250 -20 Jan 2021 Jan 2022 Jan 2023 Jan 2024 Jan 2025
200
600
150
400 -69.9% 6.0%
100
200
50
0 0
2025 2026 2027 2028 2025 2026 2027 2028
Actual Actual
169