Karooooo Ltd. (KARO) intrinsic value & 10-year financials
Karooooo Ltd. (KARO) has a Graham intrinsic value of $990.16 per share. At $63.99 on Oct 27, 2026, the stock trades 94% below that value. Over the last 8 fiscal years revenue grew 18.0% a year to $4.6B, with an average return on invested capital of 40.8%.
- Graham intrinsic value
- $990.16
- Share price (Oct 27, 2026)
- $63.99
- Price vs Graham value
- 94% below
- Market cap
- $2.0B
- Revenue (FY2025)
- $4.6B
- Revenue growth (8-yr CAGR)
- 18.0%
- ROIC (10-yr avg)
- 40.8%
- Free cash flow (FY2025)
- $910.9M
KARO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.6B | $937.1M | $29.81 | $910.9M | 28.7% | 38.4% |
| FY2024 | $4.2B | $754.2M | $23.85 | $78.7M | 24.8% | 34.0% |
| FY2023 | $3.5B | $608.8M | $19.29 | $547.0M | 25.1% | 37.6% |
| FY2022 | $2.7B | $476.6M | $15.24 | $379.1M | 25.5% | 36.1% |
| FY2021 | $2.3B | $497.4M | $15.65 | $459.8M | 31.7% | 42.0% |
| FY2020 | $1.9B | $443.5M | — | $512.5M | 32.5% | 44.0% |
| FY2019 | $1.7B | $361.0M | — | $50.2M | 29.5% | 53.5% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Karooooo Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Karooooo Ltd. has earned high returns on invested capital, averaging 37.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Karooooo Ltd. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Karooooo Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $990.16 per share.