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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Nampak's retained earnings for the quarter that ended in Mar. 2026 was R3,442 Mil.
Nampak's quarterly retained earnings
increased
from Mar. 2025 (R2,733 Mil) to Sep. 2025 (R3,225 Mil) and
increased
from Sep. 2025 (R3,225 Mil) to Mar. 2026 (R3,442 Mil).
Nampak's annual retained earnings
declined
from Sep. 2023 (R144 Mil) to Sep. 2024 (R-235 Mil) but then
increased
from Sep. 2024 (R-235 Mil) to Sep. 2025 (R3,225 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Nampak Retained Earnings Historical Data
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The historical data trend for Nampak's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Nampak (JSE:NPK) has a Retained Earnings of R3,442 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Nampak and its competitors.
Is Nampak's Retained Earnings too high?
Nampak's current Retained Earnings is R3,442 Mil. Overall, Nampak has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nampak's Retained Earnings compare to SW and PKG?
Nampak's Retained Earnings of R3,442 Mil can be compared against companies in the Packaging & Containers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Packaging & Containers company?
A good Retained Earnings depends on the Packaging & Containers industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Nampak and its competitors. Nampak's current Retained Earnings is R3,442 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nampak stock overvalued right now?
Based on GuruFocus' analysis, Nampak (JSE:NPK) is currently considered Fairly Valued. The stock's GF Value™ is R473.52, compared to a current price of R441.39 — trading 6.8% below its estimated fair value. The current Retained Earnings is R3,442 Mil. Nampak's overall GF Score™ is 50/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Nampak (JSE:NPK), the current Retained Earnings is R3,442 Mil as of Mar. 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 Nampak (JSE:NPK) Overvalued in 2026?
Based on GuruFocus' analysis, Nampak stock appears to be undervalued.
The current stock price of R441.39 is trading 6.8% below its estimated GF Value™ of R473.52.
GuruFocus considers Nampak to be Fairly Valued.
Key valuation signals for JSE:NPK:
Retained Earnings: R3,442 Mil
GF Value™: R473.52 vs. price of R441.39 (6.8% below fair value)
No single metric tells the full story. See the JSE:NPK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nampak Ltd is a metals packaging company in South Africa and Angola, and also has substantial positions in other metal packaging. It is the producer of two-piece tinplate cans and aluminium monobloc aerosol cans. The company's operating segments include Metals, which involves the manufacture of beverage cans, food cans, aerosol cans, and other metal packaging, and Corporate, which provides for head office activities, treasury, property services, and consolidation adjustments, including goodwill. The majority of revenue comes from the Metals segment and from South Africa.
50GF Score
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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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