1. South Africa Stocks

  2. •

    Financial Services

  3. •

    Insurance - Life
Discovery Limited

Discovery Limited

DSY.JO
Discovery LimitedZA flagJohannesburg Stock Exchange
26,541.00
ZAc
+95.00
- -
177.63BMarket Cap
Discovery Limited
DSY.JO
(Johannesburg Stock Exchange)

Recent

price

26,541.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
24.3
30.39
35.43
43.86
58.51
68.47
68.01
69.98
81.96
86.06
96.78
114.73
100.1
96.18
133.66
123.2
Revenue per Share
3.01
4.52
3.86
3.62
5.59
9.15
5.73
6.84
8.76
10.02
0.15
4.81
8.25
9.89
11.3
14.24
Basic EPS, GAAP
2.48
-0.23
2.11
0.68
3.56
4.48
-2.72
-3.76
1.56
-1.18
9.21
13.01
2.67
2.9
0.8
10.06
Free Cash Flow per Basic Share
0.68
0.81
1.06
1.3
1.51
1.73
1.89
1.92
2.12
2.27
2.28
0.1
0.09
0.1
1.92
2.57
Dividend per Share
13.72
15.25
18.04
20.51
26.04
40.99
43.75
48.34
55.09
64.16
61.68
66.55
57.21
68.23
77.9
90.21
Book Value per Share
14.16
11.15
13.69
16.68
20.73
36.19
37.37
39.3
45.08
49.16
49.22
52.37
43.45
51.66
62.23
78.1
Tangible Book Value per Share
569
570
570
569
581
599
638
645
645
652
657
657
657
658
661
665
Basic Weighted Avg Shares
13,830
17,322
20,193
24,967
34,003
41,010
43,366
45,111
52,865
56,135
63,551
75,344
65,754
63,294
88,357
81,946
Sales/Revenue/Turnover
18.18
16.82
17.6
15.17
14.88
12.75
13.38
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
190
97
337
416
187
227
866
870
1,064
1,353
1,830
1,916
1,961
2,032
2,176
- -
Depreciation Expense
1,715
2,577
2,222
2,131
3,314
5,552
3,730
4,494
5,735
6,614
178
3,220
5,478
6,579
7,559
9,564
Net Income, GAAP
31.32
25.27
33.75
33.88
28.59
17.94
31.81
22.14
22.63
16.48
78
23.24
21.1
27.45
26.45
29.96
Effective Tax Rate (%)
12.4
14.88
11
8.54
9.75
13.54
8.6
9.96
10.85
11.78
0.28
4.27
8.33
10.39
8.56
11.67
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
23
400
402
444
572
954
5,380
8,523
14,073
14,325
19,836
19,493
20,584
20,586
21,656
20,044
LT Debt
8,382
8,973
11,731
13,708
17,411
27,356
30,607
32,290
37,594
43,083
44,553
46,419
40,819
47,242
54,451
65,699
Total Equity
18.47
19.61
17.28
14.96
17.63
15.26
10.46
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
24.03
31.91
23.32
19.21
22.3
25.88
13.02
13.06
14.26
14.36
0.9
7.65
11.66
13.59
14.04
15.37
Return on Capital (%)
24.02
31.24
23.18
18.79
24.22
27.62
13.94
14.94
16.95
16.88
0.24
7.5
13.34
15.79
15.49
16.99
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.56%
8.76%
20.66%
Free Cash Flow
-26.67%
212.16%
1,162.45%
Net Income, GAAP
177.39%
368.13%
26.52%
Sales/Revenue/Turnover
8.08%
6.89%
-7.26%
Total Cash Common Dividend
- -
- -
37.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
88,357
2025
- -
- -
- -
- -
81,946
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
11.3
2025
- -
- -
- -
- -
14.24
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.92
2025
- -
- -
- -
- -
2.57
2026
- -
- -
- -
- -
- -
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Business
Discovery Limited (DSY.JO) is a South African financial services group offering insurance, healthcare administration, banking, investment and wellness products through its Shared-value Insurance model underpinned by the Vitality programme. Founded in 1992 and headquartered in Sandton, Johannesburg, the company operates primarily in South Africa and the United Kingdom, with Vitality Network partnerships across 41 markets including the United States, China, Singapore, Australia and various African and European countries impacting over 42 million lives. Core offerings include Discovery Health, South Africa's largest medical scheme administrator managing over 39% of open medical scheme membership alongside gap cover, Flexicare and managed care services; Discovery Life providing life and long-term insurance; Discovery Insure delivering car, home, business and commercial short-term insurance for over 285,000 vehicles; Discovery Invest with local and offshore unit trusts, retirement annuities and over R120 billion in assets under administration; Discovery Bank, a digital retail bank with over 1 million accounts offering deposits, loans, credit cards and cryptocurrency trading via Luno partnership; and Vitality wellness programmes spanning health, driving and money management with global licensing. In the United Kingdom, VitalityHealth provides private medical insurance to individuals and corporates; VitalityLife offers life cover, critical illness and income protection; while Vitality Global extends the model through equity stakes such as 25% in Ping An Health (China), 50% in AIA Vitality (Singapore and others) and network licensing to partners like John Hancock (US) and Generali (Europe). Recent developments feature 29% normalised operating profit growth to R15.2 billion for the year ended 30 June 2025, driven by 22% South African profit increase and Discovery Bank client base expansion to exceed 1.4 million with 32% non-interest revenue growth; rollout of AI-powered Vitality platform for hyper-personalised health insights across South Africa, UK and global network to double operating income by 2029; new in-app calling, TRUST AI transaction monitoring and instant Insure activation; 20-year power purchase agreement with Red Rocket for renewable solar energy; and sustained Vitality membership growth to 6.7 million with 24% performance-based revenue rise.