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Momentum Group (MTM) ZAR

Momentum Group provides insurance and financial services in South Africa and internationally, offering long and short-term insurance, employee benefits, asset management, and health administration services under brands such as Momentum, Metropolitan, and Guardrisk.

At a glance: strengths & risks
✓Profit growing (+11%)✓Strong ROE (19%)✗Revenue declining (-57%)

Sector: Insurance

ZA_MTM

Price chart

37.17 ZARDay 0.24%

Key metrics

Market

Price
37.17 ZAR · 0.24%
Market cap
47.2 bn ZAR

Growth

Δ revenue y/y
-73.4%
Δ EBITDA y/y
1.4%

Multiples

P/E (LTM)
7.1x
P/B (FY)
1.4x
P/E (ann.)
7.2x

Returns

Dividend yield
5.4%
ROE (annualized)
18.7%
ROI (ROE ÷ P/B)
13.8%

Value creation

annualized net income / market cap (return on equity value)
Banking potential
+14.4%
↓ details

Liquidity

Daily turnover (listing)
6.3 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.

DatePeriodStatusGWPB ZARNet profitB ZARAssetsB ZAREquityB ZARROE (annualized)Source
2026-06-30H2 2026 (6M)OK31.2
y/y -73.4%
3.3
y/y 22.9%
917.9
y/y 14.3%
34.9
y/y 7.3%
19.3%Link
2025-12-31H1 2026 (6M)OK32.8
y/y 4.8%
3.4
y/y 1.7%
882.7
y/y 17.3%
33.9
y/y 5.4%
20.3%Link
2025-06-30H2 2025 (6M)OK117.6
y/y 42.3%
2.7
y/y 57.2%
803.2
y/y 13.7%
32.5
y/y 9.5%
18.5%Link
2024-12-31H1 2025 (6M)OK31.3
y/y 15.1%
3.3
y/y 54.0%
752.6
y/y 13.8%
32.2
y/y 9.4%
21.5%Link
2024-06-30H2 2024 (6M)OK82.7
y/y —
1.7
y/y —
706.4
y/y 11.1%
29.7
y/y 4.0%
13.0%Link
2023-12-31H1 2024 (6M)OK27.2
y/y —
2.2
y/y —
661.3
y/y —
29.4
y/y —
14.9%Link
2023-06-30FY 2023 (12M)OK98.2
y/y —
3.1
y/y —
635.7
y/y —
28.6
y/y —
—Link

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Peer comparison

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

CompanyMarketCap, $bnP/E
Absa GroupSouth Africa10.57.5x
Standard Bank GroupSouth Africa28.59.3x
FirstRandSouth Africa30.014.0x
Nedbank GroupSouth Africa7.814.8x
Capitec BankSouth Africa30.330.1x
Group median14.0x
Group average15.1x
This companySouth Africa2.87.1x

Group median 14.0x; this company 7.1x — a 49% discount.

Group average 15.1x; against the average this company is at a 53% discount.

At the adjusted group median the market cap would be +98% 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)

DatePer shareDetailsStatusSource
2026-04-08110 ZAREx-dividend: 110 ZAR per sharePaidYahoo Finance (ex-div)
2025-10-0890 ZAREx-dividend: 90 ZAR per sharePaidYahoo Finance (ex-div)
2025-04-0985 ZAREx-dividend: 85 ZAR per sharePaidYahoo Finance (ex-div)
2024-10-1665 ZAREx-dividend: 65 ZAR per sharePaidYahoo Finance (ex-div)
2024-04-1760 ZAREx-dividend: 60 ZAR per sharePaidYahoo Finance (ex-div)
2023-10-0470 ZAREx-dividend: 70 ZAR per sharePaidYahoo Finance (ex-div)
2023-03-2950 ZAREx-dividend: 50 ZAR per sharePaidYahoo Finance (ex-div)
2022-10-0565 ZAREx-dividend: 65 ZAR per sharePaidYahoo Finance (ex-div)
2022-03-3035 ZAREx-dividend: 35 ZAR per sharePaidYahoo 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).

Investor reporting (IR): https://www.momentumgroupltd.co.za/investor-relations

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 Momentum Group (MTM) — from primary filings.

Frequently asked questions

What is Momentum Group (MTM)'s P/E ratio?
Momentum Group (MTM) trades at a P/E of 7.1x (price to trailing 12-month earnings).
What is Momentum Group (MTM)'s EV/EBITDA?
Momentum Group (MTM) trades at 1.2x EV/EBITDA.
What is Momentum Group (MTM)'s P/B ratio?
Momentum Group (MTM) trades at a P/B of 1.4x.
What is Momentum Group (MTM)'s dividend yield?
Momentum Group (MTM)'s trailing 12-month dividend yield is 5.4%.
What is Momentum Group (MTM)'s return on equity (ROE)?
Momentum Group (MTM)'s ROE is 18.7%.
What is Momentum Group (MTM)'s market capitalization?
Momentum Group (MTM)'s market cap is 47.2 bn ZAR.

See also: South African Stocks (2026): Gold, Cheap Banks and the JSE Discount · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map