Sanlam Ratios and Metrics

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

Millions NAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 16, 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	186,228	205,583	178,923	158,824	99,589	122,558
Market Cap Growth	2.54%	14.90%	12.65%	59.48%	-18.74%	1.06%
Enterprise Value	158,708	196,975	181,156	164,742	75,282	93,414
PE Ratio	11.68	12.90	8.05	10.84	8.15	12.94
PS Ratio	0.76	0.84	0.86	0.82	0.96	0.63
PB Ratio	1.67	1.84	1.63	1.62	1.01	1.48
P/FCF Ratio	14.20	15.68	12.54	-	6.19	24.87
P/OCF Ratio	13.70	15.12	11.85	-	5.97	22.23
EV/Sales Ratio	0.65	0.81	0.87	0.85	0.73	0.48
EV/EBITDA Ratio	1.17	1.52	1.79	1.71	4.23	2.96
EV/EBIT Ratio	1.19	1.53	1.80	1.73	4.40	3.06
EV/FCF Ratio	12.10	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	8.56%	7.75%	12.42%	9.22%	12.28%	7.73%
FCF Yield	7.04%	6.38%	7.98%	-3.64%	16.17%	4.02%
Dividend Yield	4.99%	4.92%	5.41%	6.17%	8.85%	7.06%
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	4.83%	4.76%	4.39%	5.62%	9.32%	7.06%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.