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General information

Sector: Technology

The company is not available at Interactive Brokers

SilverBridge Holdings Limited (JSE:SVB) is the largest provider of specialised technology solutions to the African insurance industry. The group has maintained its strong position in the market as a service provider that offers innovative solutions that solve real business challenges.

The group has two main offerings:

Digital Insurance Suite

The group offers digital solutions in South Africa, Kenya, Mauritius and 13 other African countries. It has served more than 60 financial services and banking enterprises and all of these business partners have benefitted from its highly experienced and skilled team in the insurance technology solution space. The group's cloud solutions ensure that its enable clients to embrance technologies and position their businesses for the digital world.

The groups of innovative digital solutions focus on 4 key areas essential in all insurance businesses:

Retentions - Offer existing customers world-class service by improving the customer experience through digital engagement

Distribution - Assist insurers to sell more policies through digitalisation in the onboarding process

Operations - Operate your business more efficiently through digital process automation

Risk and Compliance - Adopt a dynamic technology-enabled approach to risk and compliance

Artificial Intelligence for the Financial Services Industry

TOM is a propriety Artificial Intelligence (AI) technology that virtualises and scales human intelligence through the replication of human expert decision making into Virtual Experts. TOM learns from people not data and allows business users to develop Virtual Experts through a simple and intuitive interface.

The group can now help companies in the financial services industry become proactive in their ability to make real-time decisions regarding risks and opportunities based on high volume transactional or client information in their businesses.


  • Good financial results growth rate 23.7% (average between last period year over year growth for revenue and EBITDA), there is acceleration compared to average historical growth rates (0.4%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 25.3% (LTM)
  • Share price is 62.7% higher than minimum and 58.5% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (2.5x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)0.8300
Share price, USD: 0.044870
Common stocks: 33 590 361
Dividend Yield:  0.0%
FCF Yield LTM: 25.3%
EV / LTM EBITDA: 2.5x
Last revenue growth (y/y):  +22.8%
Last growth of EBITDA (y/y):  +24.5%
Historical revenue growth:  +14.1%
Historical growth of EBITDA:  +74.6%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 2
Net Debt ($m): -1
EV (Enterprise Value): 1
EBITDA LTM ($m): 0
EV / LTM EBITDA: 2.5x
Price to Book: 0.47x

Buy Sell

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

SilverBridge to remain listed after all

This is after the company’s acquirer, UK-based ROX Equity Partners, agreed to waive the delisting requirement in its offer to shareholders.

2022-06-09 12:51 +02:00
by Duncan McLeod

JSE:JSE JSE:SVB

SilverBridge delisting on the cards after UK firm pounces with R2/share offer

JSE-listed SilverBridge Holdings has received a takeover offer of R2/share from UK-based ROX Equity Partners, sweetening a previous offer made in March.

2022-04-22 15:55 +02:00
by Duncan McLeod

JSE:ABG JSE:MTM JSE:JSE JSE:SVB

Grim start to the year for South African tech shares

It’s been a grim start to 2020 for some South African-listed technology companies, which have seen their shares battered on weak earnings updates and negative investor sentiment.

2020-02-18 15:16 +02:00
by Staff Reporter

JSE:MTN JSE:VOD JSE:TKG JSE:BLU JSE:AVV JSE:EOH JSE:SVB

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Releases

2022-07-27
Dealings in Shares by a Director
2022-07-20
Distribution of Circulars in Relation to the ROX Offer
2022-07-13
Update in Relation to the Offer by ROX Equity Partners to Acquire all of the Shares in the Company
2022-07-12
Update in Relation to the Offer by ROX Equity Partners to Acquire all of the Shares in the Company
2022-06-09
Update in Relation to the Offer by Rox Equity Partners to Acquire all of the Shares in the Company
2022-04-22
Firm Intention Announcement: Offer to Acquire all of the Shares in the Company
2022-03-02
Cautionary Announcement
2022-02-17
Unaudited Condensed Consolidated Interim Results for the Six Month Period Ended 31 December 2021
2022-02-10
Trading Statement
2021-10-29
Broad-Based Black Economic Empowerment Act (“The Act”): Annual Compliance Report
2021-10-28
Results of the Annual General Meeting
2021-09-29
Acquisition of Shares by a Director
2021-09-27
Abridged Audited Consolidated Results for the Year Ended 30 June 2021, Declaration of Cash Dividend, Distribution of
2021-09-09
Trading Statement
2021-03-26
General Repurchase of Ordinary Shares
2021-02-17
Unaudited Condensed Consolidated Interim Results for the Six Month Period Ended 31 December 2020
2021-02-12
Trading Statement

SENS Announcements

2022-09-30
Broad-Based Black Economic Empowerment Act (“the Act”): annual compliance report
2022-09-26
Results Of The General Offer
2022-09-23
Distribution of Annual Financial Statements and no Change Statement
2022-09-20
Exercise of options by a director and dealings in shares by a director
2022-09-20
Compulsory Acquisition (Squeeze Out) Process Initiated in terms of s124 of the Companies Act
2022-09-14
Summarised Consolidated Results for the Year Ended 30 June 2022
2022-09-13
Trading Statement
2022-09-08
Changes to the board – resignation and appointment of directors
2022-08-31
Extension of the Closing Date in respect of the Rox Offer
2022-08-31
Exercise of Options, Acceptance of Securities and Dealings in Shares by a Director
2022-08-24
Dealings in Shares by Directors and an Associate of a Director
2022-08-17
Finalisation Announcement in respect of the ROX Offer
2022-07-27
Dealings in Shares by a Director
2022-07-20
Distribution of Circulars in Relation to the ROX Offer
2022-07-13
Update in Relation to the Offer by ROX Equity Partners to Acquire all of the Shares in the Company
2022-07-12
Update in Relation to the Offer by ROX Equity Partners to Acquire all of the Shares in the Company
2022-06-09
Update in Relation to the Offer by Rox Equity Partners to Acquire all of the Shares in the Company