Net Asset Value
Title
This consensus summary is based on the latest publicly available data for listed assets and analyst consensus for unlisted assets. 10 analysts who published between 1 January 2022 and 31 March 2022 participated in this consensus.
This summary is provided for informational purposes only and is not intended to, nor does it, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments.

Naspers Net Asset Value Summary (US$'bn) - 11 August 2022

TitleValue
Asset value 61.9
Net cash 0.0
Net asset value 61.9
Net asset value per share (ZAR)4 600.1

Net Asset Value Calculation for Naspers - 11 August 2022

TitleAssetValueEconomicInterestValue
InvestmentAsset value at 100% (US$'bn)Economic interest1Value (US$'bn)
TitleAsset ValueEconomic InterestValue
Prosus NAV2 145.542.0% 61.1
Other3 1.750.5% 0.8
Asset Value 61.9
TitleAsset value at 100% (US$'bn)Economic interestValue (US$'bn)
Net cash / (debt) - 31 March 2022 0.150.5% 0.0
Cash4 0.150.5% 0.0
TitleValue
Net asset value ($'bn) 61.9
Net asset value (ZAR'bn)1 001.0
Net asset value per share (ZAR)4 600.1
TitleValue
Net total shares in issue as at 24 June 2022 (m)4 217.6
Title
It should be noted that valuations are, by definition, forward looking and are therefore subject to risks and uncertainties that may materially affect eventual results. None of Naspers, its affiliates or their respective directors, officers and employees shall accept any liability whatsoever for the consequences of any reliance upon or actions taken or not taken based on any of the information in this consensus summary.
The valuations are produced by the contributing analysts and do not represent nor are based on opinions, estimates or forecasts from Naspers. By presenting the consensus information above, Naspers does not endorse or concur with such analyst information, conclusions or recommendations. Naspers has not verified the information received and none of Naspers, its affiliates or their respective directors, officers and employees make any representation or warranty, express or implied, as to, or accept any responsibility for, the accuracy or completeness of the consensus information. Naspers does not assume any responsibility to update, revise or supplement such information.
TitleValue
Exchange rates - source: Cloudmersive:
USD/ZAR 16.16
Notes
  1. 42% represents the Naspers free float's economic interest in Prosus's NAV, while the 50.5% represents the Naspers free-float's economic interest in Naspers's assets outside of Prosus (Takealot, Media24 and cash).
  2. Refer to Prosus SotP for more detail.
  3. The valuations of unlisted assets are derived from the average estimates of sellside analysts and post-money valuations on transactions where analyst consensus is not available. The assets included are Takealot (including its subsidiaries Mr D and Superbalist) and Media24. The 10 analysts that participated in this consensus are: Avior, Barclays, Bank of America Merril Lynch, Citi Research, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, Nedbank and Renaissance Capital.
  4. Open-ended share repurchase programme is currently underway. For the latest information, please refer to our buyback disclosure at https://www.prosus.com/news/investors-shareholder-information/.