Sanlam Ratios and Metrics

Market cap in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 18, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	188,637	205,598	179,025	156,958	99,852	122,582
Market Cap Growth	0.71%	14.84%	14.06%	57.19%	-18.54%	1.04%
Enterprise Value	161,110	196,989	181,260	162,807	75,481	93,432
PE Ratio	11.97	12.90	8.05	10.84	8.15	12.94
PS Ratio	0.77	0.84	0.86	0.82	0.96	0.63
PB Ratio	1.69	1.84	1.63	1.62	1.01	1.48
P/FCF Ratio	14.38	15.68	12.54	-	6.19	24.87
P/OCF Ratio	13.87	15.12	11.85	-	5.97	22.23
EV/Sales Ratio	0.66	0.81	0.87	0.85	0.73	0.48
EV/EBITDA Ratio	1.19	1.52	1.79	1.71	4.23	2.96
EV/EBIT Ratio	1.20	1.53	1.80	1.73	4.40	3.06
EV/FCF Ratio	12.28	15.02	12.69	-	4.68	18.96
Debt / Equity Ratio	0.18	0.18	0.20	0.17	0.16	0.22
Debt / EBITDA Ratio	0.15	0.15	0.21	0.17	0.88	0.56
Debt / FCF Ratio	1.53	1.53	1.50	-	0.99	3.67
Net Debt / Equity Ratio	-0.33	-0.33	-0.30	-0.11	-0.39	-0.29
Net Debt / EBITDA Ratio	-0.29	-0.29	-0.32	-0.11	-2.18	-0.76
Net Debt / FCF Ratio	-2.85	-2.85	-2.28	1.87	-2.41	-4.87
Quick Ratio	0.63	0.63	3.73	1.34	1.85	1.11
Current Ratio	0.65	0.65	3.95	1.68	2.71	1.65
Asset Turnover	0.20	0.20	0.20	0.19	0.10	0.19
Return on Equity (ROE)	16.88%	16.88%	20.87%	13.89%	13.15%	12.47%
Return on Assets (ROA)	6.61%	6.61%	5.90%	5.91%	1.04%	1.91%
Return on Invested Capital (ROIC)	69.23%	69.23%	60.05%	54.28%	12.33%	20.42%
Earnings Yield	8.45%	7.75%	12.42%	9.22%	12.28%	7.73%
FCF Yield	6.95%	6.38%	7.98%	-3.64%	16.17%	4.02%
Dividend Yield	5.37%	5.21%	5.72%	6.52%	9.36%	7.48%
Payout Ratio	70.08%	70.08%	43.27%	66.33%	68.93%	73.52%
Buyback Yield / Dilution	-0.17%	-0.17%	-1.02%	-0.55%	0.47%	-0.01%
Total Shareholder Return	5.23%	5.04%	4.70%	5.97%	9.84%	7.47%