Sappi (FRA:SPI) Moat Score: 5/10 (As of Jul. 03, 2026)


FRA:SPI Sappi Ltd FRA:SPI
52 GF Score
Price €0.46
GF Value €1.74
Valuation Possible Value Trap
! 6 Warning Signs
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What is Sappi Moat Score?

Sappi FRA:SPI +0.88% 52 Moat Score is 5 as of Jul. 03, 2026. GuruFocus rates FRA:SPI with a GF Score™ of 52/100 and a GF Value™ of €1.74 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 297 Forest Products companies, Sappi ranks better than 96.97% on this metric.

Sappi has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Sappi has Narrow Moat: Sappi Ltd has a solid narrow moat due to its established position in the paper and pulp industry. It benefits from economies of scale and some customer loyalty. However, it faces competition and lacks strong pricing power or significant regulatory barriers, resulting in a solid but not wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Sappi might have Narrow Moat - Solid narrow moat.

Sappi  (FRA:SPI) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Sappi Moat Score Related Terms

FRA:SPI vs SLVM: Moat Score Comparison

For the Paper & Paper Products subindustry, Sappi's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sappi Moat Score vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Sappi's Moat Score distribution charts can be found below:

* The bar in red indicates where Sappi's Moat Score falls into.


FRA:SPI
52GF Score
Sappi Ltd FRA:SPI
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Sappi (FRA:SPI) has a Moat Score of 5 as of Jul. 03, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Sappi ranks #9 out of 297 companies in the Forest Products industry, placing it in the top 3%.
Is Sappi's Moat Score too high?
Sappi's current Moat Score is 5. Based on the distribution chart, Sappi ranks #9 out of 297 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Sappi has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sappi's Moat Score compare to SLVM?
According to the Forest Products industry distribution chart, Sappi ranks #9 out of 297 companies for Moat Score. This places Sappi in the top 3% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Forest Products company?
A good Moat Score depends on the Forest Products industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Sappi's current Moat Score is 5. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sappi stock overvalued right now?
Based on GuruFocus' analysis, Sappi (FRA:SPI) is currently considered Possible Value Trap. The stock's GF Value™ is €1.74, compared to a current price of €0.46 — trading 73.8% below its estimated fair value. The current Moat Score is 5. Sappi's overall GF Score™ is 52/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Sappi (FRA:SPI), the current Moat Score is 5 as of Jul. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sappi (FRA:SPI) Overvalued in 2026?

Based on GuruFocus' analysis, Sappi stock appears to be undervalued. The current stock price of €0.46 is trading 73.8% below its estimated GF Value™ of €1.74. GuruFocus considers Sappi to be Possible Value Trap.

Key valuation signals for FRA:SPI:

  • Moat Score: 5
  • GF Value™: €1.74 vs. price of €0.46 (73.8% below fair value)
  • GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the FRA:SPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Sappi Business Description

Address 108 Oxford Road, Ground Floor, Houghton Estate, Rosebank, Oxford Room, Johannesburg, GT, ZAF, 2198
Sappi Ltd is engaged in the manufacturing of sustainable woodfibre-based products including specialty and packaging papers, graphic papers, release papers, pulp, and biomaterials like lignin and furfural from renewable resources. The products and services include Dissolving pulp, Graphic papers, Packaging and specialty papers, Casting and release papers, Biomaterials and Bio-energy. The company's geographical segments include Europe, North America and South Africa. The majority of revenue is generated from South Africa.
52GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.46
Price
€1.74
GF Value