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Naspers Valuation Multiples

Discover revenue and EBITDA valuation multiples for Naspers and similar public comparables like Marti Technologies, Prosus, and Just Eat Takeaway.com.

Naspers Overview

About Naspers

Naspers Ltd is an Internet and entertainment group and technology investor in the world. Operating in more than 120 countries and markets with long-term growth potential, Naspers builds companies that empower people and enrich communities. It runs some of the platforms in the internet, video entertainment, and media. Naspers operates in various sectors including online classifieds, food delivery, payments, travel, education, health, and social and internet platforms. People use products and services of companies that Naspers has invested in, acquired, or built, including Azos, PharmEasy, ElasticRun, Alwans, and Vegrow among others. Geographically, the company derives maximum revenue from Europe and the rest from Asia, Africa, Latin America, North America, and other regions.


Founded

1915

HQ

South Africa
Employees

25.6K+

Website

naspers.com

Financials

LTM Revenue $138B

LTM EBITDA $4.2B

EV

$38.1B

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Naspers Financials

Naspers has a last 12-month revenue of $138B and a last 12-month EBITDA of $4.2B.

In the most recent fiscal year, Naspers achieved revenue of $351M and an EBITDA of $425M.

Naspers expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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Naspers P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $370M $351M XXX XXX XXX
Gross Profit $127M $104M XXX XXX XXX
Gross Margin 34% 29% XXX XXX XXX
EBITDA $560M $425M XXX XXX XXX
EBITDA Margin 151% 121% XXX XXX XXX
Net Profit $668M $237M XXX XXX XXX
Net Margin 180% 67% XXX XXX XXX
Net Debt $360M $373M XXX XXX XXX

Financial data powered by Morningstar, Inc.

Naspers Stock Performance

As of April 15, 2025, Naspers's stock price is ZAR 4492 (or $245).

Naspers has current market cap of ZAR 725B (or $39.6B), and EV of ZAR 697B (or $38.1B).

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Naspers Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$38.1B $39.6B XXX XXX XXX XXX $20.41

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Naspers Valuation Multiples

As of April 15, 2025, Naspers has market cap of $39.6B and EV of $38.1B.

Naspers's trades at 5.0x LTM EV/Revenue multiple, and 166.1x LTM EBITDA.

Analysts estimate Naspers's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Naspers Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $38.1B XXX XXX XXX
EV/Revenue 6.6x XXX XXX XXX
EV/EBITDA 140.9x XXX XXX XXX
P/E 12.4x XXX XXX XXX
P/E/Growth 0.4x XXX XXX XXX
EV/FCF 12.0x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Naspers Valuation Multiples

Naspers's NTM/LTM revenue growth is 12%

Naspers's revenue per employee for the last fiscal year averaged $14K, while opex per employee averaged $6K for the same period.

Over next 12 months, Naspers's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Naspers's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Naspers Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -5% XXX XXX XXX XXX
EBITDA Margin 5% XXX XXX XXX XXX
EBITDA Growth -24% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 17% XXX XXX XXX XXX
Revenue per Employee $14K XXX XXX XXX XXX
Opex per Employee $6K XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue 41% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 41% XXX XXX XXX XXX

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Naspers Public Comps

See public comps and valuation multiples for Consumer Marketplaces and Vertical Marketplaces comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Prosus XXX XXX XXX XXX XXX XXX
Just Eat Takeaway.com XXX XXX XXX XXX XXX XXX
Marti Technologies XXX XXX XXX XXX XXX XXX
Airtasker XXX XXX XXX XXX XXX XXX
Articore Group XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Naspers M&A and Investment Activity

Naspers acquired  XXX companies to date.

Last acquisition by Naspers was  XXXXXXXX, XXXXX XXXXX XXXXXX . Naspers acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Naspers

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Naspers

When was Naspers founded? Naspers was founded in 1915.
Where is Naspers headquartered? Naspers is headquartered in South Africa.
How many employees does Naspers have? As of today, Naspers has 25.6K+ employees.
Who is the CEO of Naspers? Naspers's CEO is Mr. Fabricio Bloisi.
Is Naspers publicy listed? Yes, Naspers is a public company listed on JSE.
What is the stock symbol of Naspers? Naspers trades under NPN ticker.
When did Naspers go public? Naspers went public in 1994.
Who are competitors of Naspers? Similar companies to Naspers include e.g. Prosus, Just Eat Takeaway.com, Marti Technologies, Airtasker.
What is the current market cap of Naspers? Naspers's current market cap is $39.6B
What is the current revenue of Naspers? Naspers's last 12-month revenue is $138B.
What is the current EBITDA of Naspers? Naspers's last 12-month EBITDA is $4.2B.
What is the current EV/Revenue multiple of Naspers? Current revenue multiple of Naspers is 5.0x.
What is the current EV/EBITDA multiple of Naspers? Current EBITDA multiple of Naspers is 166.1x.
What is the current revenue growth of Naspers? Naspers revenue growth between 2023 and 2024 was -5%.
Is Naspers profitable? Yes, Naspers is EBITDA-positive (as of the last 12 months).

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