Karooooo Ltd. (KARO)Stock Price & Financial Statements
AboutKarooooo Ltd. provides mobility software-as-a-service (SaaS) platform for connected vehicles in South Africa, rest of Africa, Europe, the Asia-Pacific, the Middle East, and the United States. The company offers Fleet Telematics, a fleet management SaaS platform that provides real-time insights; LiveVision, which offers pro-active risk management and fleet visibility; MiFleet advanced fleet administration and business intelligence that provides cost management and administration capability services; and Karooooo Logistics, a software application for management of last mile delivery and general operational logistics. It also provides Cartrack Field Service, a software application for management of field and on site workers; Business Intelligence for high-level view of fleet statistics; asset tracking for tracking and tracing moveable assets; asset recovery services that assists vehicle owners and insurance companies with the recovery of vehicles and other assets; and insurance telematics that allows insurers to tailor premiums for commercial and consumer customers using analytics; Protector, a safety package for consumer vehicles; and Car Watch, a mobile application that lets users track and watch their vehicles. In addition, the company offers specialist mobility solutions that include Bike Track, a GPS-based solution for commercial motorbike fleets; Credit Management that predicts payment cycles and facilitate active credit management for asset-based vehicle finance; electronic monitoring services application that allows law enforcement agencies to monitor persons of interest; and mobility and monitoring solutions, such as Carzuka, cartrack insurance agency, and on-demand rideshare taxi application, as well as smart IoT products. It provides its solutions through direct sales force to consumers and sole proprietors, small and medium-sized businesses, large enterprises, and other connected devices. Karooooo Ltd. was founded in 2001 and is headquartered in Singapore.Show more
- Revenue $4.57B +8.6%
- EBITDA $2.09B +16.9%
- Net Income $921M +22.5%
- EPS (Diluted) 29.81 +22.7%
- Gross Margin 70.13% +9.6%
- EBITDA Margin 45.76% +7.7%
- Operating Margin 28.73% +15.9%
- Net Margin 20.17% +12.8%
- ROE 29.54% +10.9%
- ROIC 34.38% +2.8%
- Debt/Equity 0.22 +152.2%
- Interest Coverage 25.30 -60.9%
Key Insights
Based on financial data analysisStrengths
- ✓Excellent 3Y average ROE of 27.0%
- ✓Strong 5Y profit CAGR of 24.7%
- ✓FCF machine: 20.3% free cash flow margin
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 17.4%
- ✓Healthy dividend yield of 2.6%
Weaknesses
No significant weaknesses identified
Price & Volume
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Growth Metrics
Revenue CAGR
10Y-
5Y17.37%
3Y18.48%
TTM17.89%
Profit (Net Income) CAGR
10Y-
5Y24.65%
3Y26.97%
TTM15.58%
EPS CAGR
10Y-
5Y15.97%
3Y26.12%
TTM16.02%
ROCE
10Y Avg40.18%
5Y Avg37.07%
3Y Avg34.57%
Latest37.6%
Peer Comparison
Vertical industry SaaS applications| Name | Market Cap | Current Price | P/E Ratio | Revenue Growth 1Y | Net Margin | ROE | FCF Yield | Debt/Equity |
|---|---|---|---|---|---|---|---|---|
 AGYSAgilysys, Inc. | 2.25B | 80.01 | 97.57 | 16.07% | 9.79% | 9.72% | 2.33% | 0.18 |
 TYLTyler Technologies, Inc. | 15.84B | 368.16 | 60.85 | 9.53% | 13.53% | 5.6% | 3.81% | 0.19 |
 APPFAppFolio, Inc. | 4.58B | 188.26 | 48.52 | 19.72% | 14.82% | 25.97% | 5.22% | 0.06 |
 DSGXThe Descartes Systems Group Inc. | 5.86B | 68.18 | 41.57 | 13.63% | 22.1% | 10% | 3.63% | 0.01 |
 SAPSAP SE | 227.77B | 195.58 | 28.16 | 3.43% | 19.91% | 16.16% | 4.04% | 0.18 |
KAROKarooooo Ltd. | 1.47B | 47.45 | 26.26 | 8.61% | 19.48% | 31.6% | 3.84% | 0.22 |
 YMMFull Truck Alliance Co. Ltd. | 19.42B | 9.11 | 21.37 | 33.22% | 34.41% | 10.5% | 2.16% | 0.00 |
 BLKBBlackbaud, Inc. | 2.32B | 49.77 | 21 | -2.35% | 10.19% | 135.24% | 11.09% | 13.16 |
Compare KARO vs Peers
Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.
Income Statement
| Feb 2019 | Feb 2020 | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.76B | 2.05B | 2.06B | 2.75B | 3.51B | 4.21B | 4.57B |
| Revenue Growth % | - | 16.71% | 0.41% | 33.39% | 27.71% | 19.92% | 8.61% |
| Cost of Goods Sold | 503.02M | 606.84M | 602.64M | 922.56M | 1.23B | 1.51B | 1.36B |
| COGS % of Revenue | 28.63% | 29.6% | 29.27% | 33.59% | 35.21% | 36.02% | 29.87% |
| Gross Profit | 1.25B | 1.44B | 1.46B | 1.82B | 2.27B | 2.69B | 3.2B |
| Gross Margin % | 71.37% | 70.4% | 70.73% | 66.41% | 64.79% | 63.98% | 70.13% |
| Gross Profit Growth % | - | 15.13% | 0.87% | 25.24% | 24.61% | 18.41% | 19.04% |
| Operating Expenses | 741.37M | 779.25M | 804.96M | 1.12B | 1.39B | 1.65B | 1.89B |
| OpEx % of Revenue | 42.2% | 38.01% | 39.1% | 40.95% | 39.65% | 39.19% | 41.4% |
| Selling, General & Admin | 691.26M | 731.82M | 714.96M | 888.59M | 1.14B | 1.34B | 1.56B |
| SG&A % of Revenue | 39.35% | 35.69% | 34.73% | 32.36% | 32.38% | 31.83% | 34.15% |
| Research & Development | 50.11M | 47.43M | 90M | 152.59M | 177.02M | 212.24M | 231.41M |
| R&D % of Revenue | 2.85% | 2.31% | 4.37% | 5.56% | 5.05% | 5.05% | 5.07% |
| Other Operating Expenses | 0 | 0 | 0 | 86.64M | 77.71M | 97.59M | 99.71M |
| Operating Income | 512.3M | 664.16M | 651.06M | 699.13M | 881.91M | 1.04B | 1.31B |
| Operating Margin % | 29.16% | 32.39% | 31.63% | 25.46% | 25.15% | 24.79% | 28.73% |
| Operating Income Growth % | - | 29.64% | -1.97% | 7.38% | 26.15% | 18.21% | 25.88% |
| EBITDA | 783.7M | 1.01B | 1.05B | 1.26B | 1.49B | 1.79B | 2.09B |
| EBITDA Margin % | 44.61% | 49.23% | 51.09% | 45.92% | 42.53% | 42.5% | 45.76% |
| EBITDA Growth % | - | 28.8% | 4.19% | 19.91% | 18.28% | 19.83% | 16.94% |
| D&A (Non-Cash Add-back) | 271.4M | 345.27M | 400.62M | 561.92M | 609.64M | 744.88M | 777.82M |
| EBIT | 521.67M | 668.87M | 633.94M | 693.44M | 903.39M | 1.08B | 1.3B |
| Net Interest Income | -28.69M | -14.24M | -4.94M | -6.25M | 13.16M | 24.03M | -6.83M |
| Interest Income | 2.75M | 2.59M | 4.36M | 6.08M | 23.25M | 40.15M | 45.04M |
| Interest Expense | 31.44M | 16.83M | 9.3M | 12.33M | 10.1M | 16.12M | 51.87M |
| Other Income/Expense | -23.26M | -13.06M | -25.48M | -17.04M | 12.19M | 23.21M | -65.41M |
| Pretax Income | 489.04M | 651.1M | 625.58M | 682.08M | 894.1M | 1.07B | 1.25B |
| Pretax Margin % | 27.84% | 31.76% | 30.39% | 24.84% | 25.49% | 25.34% | 27.3% |
| Income Tax | 114.35M | 182.82M | 178.52M | 205.48M | 285.3M | 296.33M | 309.81M |
| Effective Tax Rate % | 39.49% | 47.01% | 45.71% | 65.97% | 66.79% | 70.55% | 73.86% |
| Net Income | 193.13M | 306.06M | 285.97M | 449.95M | 597.15M | 751.9M | 921.03M |
| Net Margin % | 10.99% | 14.93% | 13.89% | 16.38% | 17.03% | 17.88% | 20.17% |
| Net Income Growth % | - | 58.47% | -6.56% | 57.34% | 32.71% | 25.91% | 22.49% |
| Net Income (Continuing) | 374.7M | 468.28M | 447.06M | 476.61M | 608.81M | 768.17M | 937.11M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 219.2M | 339.77M | 418.58M | 22.51M | 30.64M | 40.62M | 43.25M |
| EPS (Diluted) | 9.50 | 14.21 | 13.28 | 14.86 | 19.29 | 24.30 | 29.81 |
| EPS Growth % | - | 49.58% | -6.54% | 11.9% | 29.81% | 25.97% | 22.67% |
| EPS (Basic) | 9.50 | 14.21 | 13.28 | 14.86 | 19.29 | 24.30 | 29.81 |
| Diluted Shares Outstanding | 20.33M | 21.54M | 21.54M | 30.95M | 30.95M | 30.95M | 30.89M |
| Basic Shares Outstanding | 20.33M | 21.54M | 21.54M | 30.95M | 30.95M | 30.95M | 30.89M |
| Dividend Payout Ratio | 79.81% | 18.11% | 85.56% | - | 60.38% | 67.67% | 67.8% |
Balance Sheet
| Feb 2019 | Feb 2020 | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 480.75M | 555.79M | 1.3B | 1.1B | 1.45B | 1.45B | 1.66B |
| Cash & Short-Term Investments | 51.91M | 143.57M | 967.58M | 719.21M | 957.38M | 456.03M | 1.05B |
| Cash Only | 51.91M | 143.57M | 102.84M | 719.21M | 957.38M | 456.03M | 1.05B |
| Short-Term Investments | 0 | 0 | 864.75M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 201.42M | 242.99M | 284.71M | 317.92M | 349.13M | 411.39M | 476.15M |
| Days Sales Outstanding | 41.85 | 43.26 | 50.48 | 42.26 | 36.34 | 35.7 | 38.05 |
| Inventory | 206.01M | 148.49M | 0 | 24.93M | 78.47M | 6.53M | 3.84M |
| Days Inventory Outstanding | 149.48 | 89.31 | - | 9.87 | 23.2 | 1.57 | 1.03 |
| Other Current Assets | 0 | 0 | 0 | 15.04M | 65.05M | 575.17M | 136.11M |
| Total Non-Current Assets | 1.05B | 1.25B | 1.56B | 1.94B | 2.27B | 2.83B | 3.43B |
| Property, Plant & Equipment | 701.08M | 836.91M | 1.11B | 1.37B | 1.58B | 2.02B | 2.52B |
| Fixed Asset Turnover | 2.51x | 2.45x | 1.85x | 2.01x | 2.22x | 2.08x | 1.81x |
| Goodwill | 122.09M | 128.79M | 121.67M | 183.19M | 210.63M | 225.65M | 175.58M |
| Intangible Assets | 18.46M | 39.9M | 58.15M | 75.71M | 84.9M | 82.49M | 83.35M |
| Long-Term Investments | 0 | 0 | 19.01M | 20.4M | 25.96M | 27.99M | 28.8M |
| Other Non-Current Assets | 108.54M | 141.57M | 197.05M | 237.13M | 309.05M | 390.36M | 507.48M |
| Total Assets | 1.53B | 1.81B | 2.86B | 3.04B | 3.72B | 4.27B | 5.1B |
| Asset Turnover | 1.15x | 1.13x | 0.72x | 0.90x | 0.94x | 0.98x | 0.90x |
| Asset Growth % | - | 18.2% | 58.07% | 6.3% | 22.47% | 14.93% | 19.26% |
| Total Current Liabilities | 370.22M | 398.57M | 1.41B | 613.43M | 782.57M | 933.29M | 1.46B |
| Accounts Payable | 59.05M | 55.93M | 89.58M | 97.65M | 269.89M | 365.99M | 373.64M |
| Days Payables Outstanding | 42.84 | 33.64 | 54.26 | 38.63 | 79.79 | 88.19 | 99.96 |
| Short-Term Debt | 68.17M | 48.97M | 935.58M | 77.82M | 73.88M | 92.24M | 568.07M |
| Deferred Revenue (Current) | 80.37M | 149.81M | 157.88M | 214.41M | 281.21M | 323.37M | 359.06M |
| Other Current Liabilities | 120.51M | 121.35M | 197.39M | 183.34M | 102.07M | 78.87M | 99M |
| Current Ratio | 1.30x | 1.39x | 0.93x | 1.79x | 1.85x | 1.55x | 1.14x |
| Quick Ratio | 0.74x | 1.02x | 0.93x | 1.75x | 1.75x | 1.55x | 1.14x |
| Cash Conversion Cycle | 148.48 | 98.93 | - | 13.49 | -20.25 | -50.92 | -60.88 |
| Total Non-Current Liabilities | 321.19M | 208.78M | 194.46M | 286.31M | 267.91M | 361.3M | 383.1M |
| Long-Term Debt | 218.74M | 17.45M | 10.26M | 69.97M | 37.97M | 41.33M | 31.75M |
| Capital Lease Obligations | 69.25M | 61.32M | 59.08M | 63.67M | 67.29M | 130.29M | 127.7M |
| Deferred Tax Liabilities | 33.19M | 83.63M | 41.18M | 46.26M | 51.44M | 69.31M | 96.23M |
| Other Non-Current Liabilities | 0 | -8.29M | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 691.41M | 607.35M | 1.6B | 899.74M | 1.05B | 1.29B | 1.84B |
| Total Debt | 356.17M | 127.74M | 1B | 211.46M | 179.14M | 263.86M | 727.53M |
| Net Debt | 304.26M | -15.83M | 902.08M | -507.75M | -778.24M | -192.17M | -319.07M |
| Debt / Equity | 0.43x | 0.11x | 0.80x | 0.10x | 0.07x | 0.09x | 0.22x |
| Debt / EBITDA | 0.45x | 0.13x | 0.96x | 0.17x | 0.12x | 0.15x | 0.35x |
| Net Debt / EBITDA | 0.39x | -0.02x | 0.86x | -0.40x | -0.52x | -0.11x | -0.15x |
| Interest Coverage | 16.30x | 39.46x | 69.99x | 56.70x | 87.36x | 64.69x | 25.30x |
| Total Equity | 837.54M | 1.2B | 1.26B | 2.14B | 2.67B | 2.98B | 3.26B |
| Equity Growth % | - | 43.26% | 4.74% | 70.03% | 24.87% | 11.66% | 9.31% |
| Book Value per Share | 41.19 | 55.70 | 58.34 | 69.04 | 86.21 | 96.28 | 105.43 |
| Total Shareholders' Equity | 618.34M | 860.13M | 838.18M | 2.11B | 2.64B | 2.94B | 3.21B |
| Common Stock | 10K | 9.79K | 2.68B | 7.02B | 7.08B | 7.09B | 7.17B |
| Retained Earnings | 598.54M | 818.76M | 798.89M | 1.25B | 1.55B | 1.79B | 2.12B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | -23.63M | 0 |
| Accumulated OCI | 19.8M | 41.36M | -2.65B | -6.16B | -5.99B | -5.92B | -6.07B |
| Minority Interest | 219.2M | 339.77M | 418.58M | 22.51M | 30.64M | 40.62M | 43.25M |
Cash Flow Statement
| Feb 2019 | Feb 2020 | Feb 2021 | Feb 2022 | Feb 2023 | Feb 2024 | Feb 2025 | |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 490.11M | 951.52M | 842.91M | 952.64M | 1.23B | 972.78M | 1.97B |
| Operating CF Margin % | 27.9% | 46.41% | 40.94% | 34.69% | 34.97% | 23.13% | 43.16% |
| Operating CF Growth % | - | 94.14% | -11.41% | 13.02% | 28.74% | -20.68% | 102.66% |
| Net Income | 193.13M | 306.06M | 285.97M | 460.06M | 650.01M | 751.9M | 939.18M |
| Depreciation & Amortization | 271.4M | 345.27M | 400.62M | 574.55M | 663.6M | 744.88M | 777.82M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 149.5M | 196.46M | 170.89M | 44.41M | 38.14M | 25.35M | 34.38M |
| Working Capital Changes | -123.91M | 103.72M | -14.58M | -126.38M | -125.36M | -549.36M | 220.02M |
| Change in Receivables | -64.67M | -38.83M | -70.67M | -53.22M | -68.4M | -561.47M | 392.26M |
| Change in Inventory | -35.31M | 58.47M | 0 | -25.94M | -58.55M | 74.09M | 2.81M |
| Change in Payables | 43.72M | 16.55M | 103.52M | -11.94M | 73.95M | 56.53M | 7.84M |
| Cash from Investing | -445.44M | -451.29M | -475.67M | -740.88M | -677.29M | -949.5M | -1.1B |
| Capital Expenditures | -452.17M | -446.57M | -470.65M | -609.85M | -681.75M | -944.8M | -1.1B |
| CapEx % of Revenue | 25.74% | 21.78% | 22.86% | 22.21% | 19.44% | 22.47% | 24.14% |
| Acquisitions | 4.59M | 6.9M | 2.52M | -131.03M | 11.43M | -2.26M | 4.56M |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 2.14M | -11.61M | -7.54M | 0 | 0 | 0 | 0 |
| Cash from Financing | 86.56M | -388.78M | -426.42M | -442.92M | -457.21M | -603.97M | -452M |
| Debt Issued (Net) | 248.34M | -229.97M | 761.8M | -855.51M | -35M | -11.95M | 270.73M |
| Equity Issued (Net) | 0 | 10.56K | 0 | 1000K | 0 | -1000K | -1000K |
| Dividends Paid | -154.13M | -55.43M | -244.68M | 0 | -360.57M | -508.8M | -624.49M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -24.26M | -3.53M |
| Other Financing | -7.65M | -103.39M | -943.55M | -48.26M | -61.63M | -58.97M | -79.16M |
| Net Change in Cash | 51.91M | 86.68M | -35.48M | 613.99M | 95.7M | -545.62M | 600.13M |
| Free Cash Flow | 52.09M | 541.1M | 413.27M | 387.59M | 595.43M | 80.15M | 928.88M |
| FCF Margin % | 2.97% | 26.39% | 20.07% | 14.11% | 16.98% | 1.91% | 20.34% |
| FCF Growth % | - | 938.69% | -23.62% | -6.21% | 53.62% | -86.54% | 1058.96% |
| FCF per Share | 2.56 | 25.12 | 19.19 | 12.52 | 19.24 | 2.59 | 30.07 |
| FCF Conversion (FCF/Net Income) | 2.54x | 3.11x | 2.95x | 2.12x | 2.05x | 1.29x | 2.14x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Key Ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 23.06% | 30.04% | 23.28% | 26.52% | 24.85% | 26.63% | 29.54% |
| Return on Invested Capital (ROIC) | 33.65% | 42.83% | 29.21% | 27.68% | 37.59% | 33.43% | 34.38% |
| Gross Margin | 71.37% | 70.4% | 70.73% | 66.41% | 64.79% | 63.98% | 70.13% |
| Net Margin | 10.99% | 14.93% | 13.89% | 16.38% | 17.03% | 17.88% | 20.17% |
| Debt / Equity | 0.43x | 0.11x | 0.80x | 0.10x | 0.07x | 0.09x | 0.22x |
| Interest Coverage | 16.30x | 39.46x | 69.99x | 56.70x | 87.36x | 64.69x | 25.30x |
| FCF Conversion | 2.54x | 3.11x | 2.95x | 2.12x | 2.05x | 1.29x | 2.14x |
| Revenue Growth | - | 16.71% | 0.41% | 33.39% | 27.71% | 19.92% | 8.61% |
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