Discovery (JSE:DSY) has had a great run on the stock market with shares up by 24% in the last three months. As of writing, the Discovery share price is at a 52-week range of ZAR 107.2 to 184.60, reaching peak levels in the past five years.
Below, we discuss the current Discovery share price, company health, outlook, and relevant updates on Discovery Ltd.
What is the Discovery Share Price on JSE Today?
Discovery Ltd is listed at DSY on Johannesburg Stock Exchange (JSE:DSY) and is among the Top 40 JSE Stocks.
The current market capitalization is at 129,094,354,659 with a share price range of ZAR 107.12 – 184.60.
Meanwhile, the EPS-TTM is at 1089.49 with a dividend yield of 1.18%.
Refer to the table below for Discovery’s share price today.
| Market cap | 129,094,354,659 |
| 52-wk range | 107.12 – 184.60 |
| EPS-TTM | 1089.49 |
| Dividend yield | 1.18% |
| Authorized shares | 1,000,000,000 |
| Issues shares | 676,374,092 |
Discovery Ltd: Health of Share Price 2024
Discovery Ltd demonstrated a strong financial year for 2024. The company achieved a 13% growth in normalized operating profit while its value grew to R10.5 billion.
The group’s most significant growth was seen in Discovery Individual Life, Ping An Health Insurance, and Vitality Health, while new business value increased by 11%.
Investors with long-term investments in Discovery Limited will be delighted to hear that the Group has increased its share price by 44% over the last five years.
During the five years of share price growth, Discovery achieved an annual earnings per share growth (EPS) of 1.5%. Meanwhile, the total shareholder return has increased by 49% over the past five years.
For this year, Discovery focused on capital allocation, cash generation, and balance sheet reinforcement. In turn, cash conversion reached 66% after tax-normalized operating profit.
In the fiscal year ended June 2024, Discovery Ltd paid a total of R 1.27 billion to ordinary and preference shareholders. For the previous year of 2023, the company paid out only R 69 million in dividends to preference shareholders.
Overall, the company has had a stable performance, capital strength, and strategic expansion in international markets.
Outlook for Discovery Share Price JSE
Discovery’s track record suggests a positive long-term trajectory. Earnings are forecast to grow 16.02% per year.
For the fiscal year 2025, the Group is focusing on extending beyond South Africa with significant contributions from international segments like Vitality Global in the UK, which saw a 71% increase, benefitting from a strong currency.
While new investments outside the country are potentially risky, Discovery Ltd. has proven resilience, a stable balance sheet, and strategic execution in opening new business.
Investors might consider Discovery an attractive option. If the company continues its strategy effectively, long-term growth is expected.
What is Discovery South Africa?
Discovery Limited is one of the top insurance and financial providers in South Africa. It operates a diverse portfolio that includes health, life, and short-term insurance, as well as investment and banking services.
The company implements a shared-value model that integrates wellness incentives to customers and boosts engagements across its services.
Its founder, Adrian Gore, is currently the Group Chief Executive and vice president of Business Unity South Africa (BUSA), which represents South African businesses locally and internationally.
Gore is also the co-convenor of the Government Business Partnership. In October, over 140 of South Africa’s leading CEOs pledged their commitment for a shared vision of economic growth in SA.
Discovery’s current headquarters is at 1 Discovery Place, Johannesburg, South Africa. The main office can be reached at +27 11 529 8888.
How to Invest in Discovery Shares?
- Select “DSY” as the purchase you want to make. FirstRand is listed as FSR on the Johannesburg Stock Exchange (JSE).
- Find a broker that offers access to the JSE. Selecting the right broker is crucial when you want to start investing. Find one that is compatible with your investment style.
- Review the broker’s trading conditions. Research and consult other investors to avoid brokers that may take advantage of your capital. If possible, join a sincere community of traders such as CommuniTrade to find the right brokers and help you make the favorable decisions.
- Open an investment account. Register and verify your account. This gives you a convenient way to view and buy stocks via your broker’s website.
- Identify the right order. Stocks come in order types. Your account will allow you to view which orders your broker offers.
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