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KARO
Karooooo (KARO)
SILVER
87 Dead Simple Score
Karooooo is quietly building the operating system for everything that moves.
Base DCF Case
$65 Current: $67.20
KARO Karooooo (KARO)
SILVER
Why I'm Watching It
Watchlist. The business is genuinely good and the crux is unusually monitorable, but at fair value with the whole thesis resting on an unproven cash inflection, there is no reason to pay full price for the unproven part today. What changes it: an October print showing FCF conversion climbing back toward 20%+ of operating cash while subscriber growth holds — that de-risks the base case and moves this toward Open.
Watching For Valuation
Dead Simple Scorecard Research Date · Aug 29, 2026
Market 80/100
Fleet telematics is without a doubt a large TAM
Team / Execution 81/100
Founder-controlled and profitable with four years of ~19%
Traction 73/100
Top line clearly works (+22% Q1 revenue
Moat 76/100
Real decade-durable switching-cost moat in South Africa
Valuation 58/100
Trades above my base case, not a favorable entry today
Risk 79/100
Risks are unusually monitorable via one dated catalyst
Portfolio Fit 71/100
A well-shaped opportunity, at the right price
Dead Simple Score Overall conviction call — categories above are component detail, not a sum.
87 SILVER
Dead Simple DCF Watchlist
Bear$25
Base$65
Bull$120
Watchlist AddedAug 29, 2026
Current Return+0.0%
S&P Return+0.0%
Alpha+0.0%
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