Discovery (DSY) Stock — Financials, Valuation & Dividends

Discovery Limited is a financial services company offering health, life, car, home, and travel insurance, as well as banking, investment, and pension products, primarily in South Africa and the United Kingdom. It also operates the Vitality program, which provides health and lifestyle benefits to encourage wellness.

Price chart

261.04 ZARDay 0.90%

Key metrics

Market

Price

261.04 ZAR · 0.90%

Market cap

175.6 bn ZAR

Growth

Δ revenue y/y

1.2%

Δ EBITDA y/y

56.2%

Multiples

P/E (LTM)

13.3x

P/B (FY)

2.1x

P/E (ann.)

11.8x

Returns

Dividend yield

1.2%

ROE (annualized)

18.0%

ROI (ROE ÷ P/B)

8.5%

Value creation

annualized net income / market cap (return on equity value)

Banking potential

+7.5%

↓ details

Liquidity

Daily turnover (listing)

32.3 mln ZAR

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B ZAR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

Date	Period	Status	GWPB ZAR	Net profitB ZAR	AssetsB ZAR	EquityB ZAR	ROE (annualized)	Source
2026-06-30	H2 2026 (6M)	OK	45.4 y/y 4.6% y/y 1.2%	7.5 y/y 38.2% y/y 47.1%	381.7 y/y 16.6%	82.7 y/y 25.8%	16.9%	Link
2025-12-31	H1 2026 (6M)	OK	40.3 y/y 8.8% y/y 8.8%	5.8 y/y 28.1% y/y 28.1%	362.4 y/y 16.9%	73.4 y/y 13.6%	16.6%	Link
2025-06-30	H2 2025 (6M)	OK	44.9 y/y -7.3% y/y -17.1%	5.1 y/y 26.5% y/y 18.3%	327.4 y/y 17.1%	65.7 y/y 20.7%	14.7%	Link
2024-12-31	H1 2025 (6M)	OK	37.1 y/y 8.4% y/y 8.4%	4.5 y/y 37.3% y/y 37.3%	310.1 y/y 18.4%	64.6 y/y 23.8%	15.1%	Link
2024-06-30	H2 2024 (6M)	OK	54.2 y/y 39.6% y/y —	4.3 y/y 14.9% y/y —	279.6 y/y 9.5%	54.5 y/y 15.3%	14.2%	Link
2023-12-31	H1 2024 (6M)	OK	34.2 y/y — y/y —	3.3 y/y — y/y —	261.9 y/y —	52.2 y/y —	13.2%	Link
2023-06-30	FY 2023 (12M)	OK	63.3 y/y — y/y —	6.6 y/y — y/y —	255.3 y/y —	47.2 y/y —	—	Link

Peer comparison

Group: financials (South Africa). Every peer trades on the same market, so no adjustment is needed.

Company	Market	Cap, $bn	P/E
Absa Group	South Africa	10.5	7.5x
Standard Bank Group	South Africa	28.5	9.3x
FirstRand	South Africa	30.0	14.0x
Nedbank Group	South Africa	7.8	14.8x
Capitec Bank	South Africa	30.3	30.1x
Group median			14.0x
Group average			15.1x
This company	South Africa	10.5	13.3x

Group median 14.0x; this company 13.3x — a 5% discount.

Group average 15.1x; against the average this company is at a 12% discount.

At the adjusted group median the market cap would be +6% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 29.3x, Russia 5.8x, South Africa 10.7x, Kazakhstan 9.4x, India 27.4x, Indonesia 7.6x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-04; the company's own is live.

Dividends

Paid (completed)

Date	Per share	Details	Status	Source
2026-03-31	111 ZAR	Ex-dividend: 111 ZAR per share	Paid	Yahoo Finance (ex-div)
2025-10-15	201 ZAR	Ex-dividend: 201 ZAR per share	Paid	Yahoo Finance (ex-div)
2025-03-26	87 ZAR	Ex-dividend: 87 ZAR per share	Paid	Yahoo Finance (ex-div)
2024-10-16	152 ZAR	Ex-dividend: 152 ZAR per share	Paid	Yahoo Finance (ex-div)
2024-04-17	65 ZAR	Ex-dividend: 65 ZAR per share	Paid	Yahoo Finance (ex-div)
2023-10-11	110 ZAR	Ex-dividend: 110 ZAR per share	Paid	Yahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of Discovery (DSY) — from primary filings.

Frequently asked questions

What is Discovery (DSY)'s P/E ratio?

Discovery (DSY) trades at a P/E of 13.3x (price to trailing 12-month earnings).

What is Discovery (DSY)'s EV/EBITDA?

Discovery (DSY) trades at 7.6x EV/EBITDA.

What is Discovery (DSY)'s P/B ratio?

Discovery (DSY) trades at a P/B of 2.1x.

What is Discovery (DSY)'s dividend yield?

Discovery (DSY)'s trailing 12-month dividend yield is 1.2%.

What is Discovery (DSY)'s return on equity (ROE)?

Discovery (DSY)'s ROE is 18.0%.

What is Discovery (DSY)'s market capitalization?

Discovery (DSY)'s market cap is 175.6 bn ZAR.

Discovery (DSY) ZAR