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Airtel Africa Plc (AAF.L)

GBp337.80 -11.40 (-3.26%)
GB LSE Communication Services Telecommunications Services
Address 53/54 Grosvenor Street W1K 3HU
London, GB
CEO Sunil Kumar Taldar
Website airtel.africa
IPO 2019-06-28
ISIN GB00BKDRYJ47

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Also trades on London Stock Exchange · AAF.L (GBp) Other OTC · AAFRF (USD) Other OTC · AARTY (USD)
Description

Airtel Africa Plc, operating alongside its various subsidiaries, functions as a leading pan-African provider of telecommunications and mobile financial services. The company's operations are strategically focused across Nigeria, East Africa, and Francophone Africa. Its comprehensive telecommunications portfolio includes both pay-as-you-go and contract-based wireless voice services, international roaming capabilities, and traditional fixed-line telephone connections. Furthermore, it delivers advanced data communication solutions, utilizing 2G, 3G, and 4G network technologies. Beyond connectivity, Airtel Africa offers a robust suite of mobile money services, such as digital wallet payment systems, accessible microloans, savings products, and convenient international money transfers. The company also provides a range of other services, including messaging, value-added services (VAS), enterprise solutions for businesses, and infrastructure sharing arrangements, along with necessary support services. Additionally, it is involved in the retail of mobile handsets and participates in various investment activities. Established in 2018, Airtel Africa Plc is headquartered in London, United Kingdom, and operates as a subsidiary of Airtel Africa Mauritius Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
GBp337.80 -11.40 (-3.26%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.47
Float Shares
502.55M
Free Float %
13.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.52% +13.43% +7.59% +25.24% +32.46% +16.50% +146.02% +259.51% +416.28% +510.32% +510.32%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
337.80
DCF (Unlevered) 283.10 -16.2%
DCF (Levered) 607.89 +80.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 38% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 2 0
Hold 3 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.53
Grey zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Telecommunications Services: +7.0%
    +27.4% ★ Q1'26: +29.9% (vs Q1'25)
  • ✓
    EPS growth Telecommunications Services: +15.8%
    +203.5% ★ Q1'26: +251.3% (vs Q1'25)
  • ✓
    FCF margin FCF growth · Telecommunications Services: +29.4%
    +16.4% ★ Q1'26: +25.3% (vs Q1'25)
  • ✓
    EBIT margin Telecommunications Services: +14.7%
    +33.1% ★ Q1'26: +33.8% (vs Q1'25)
  • ✓
    ROIC Telecommunications Services: +6.4%
    +19.4% ★ Q1'26: +21.4% (vs Q1'25)
  • ✓
    Share dilution Telecommunications Services: +0.0%
    -1.4% ★ Q1'26: -1.2% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×
    2.51× Q1'26: 2.27× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.48) × ERP
WACC = 78% × Ke + 22% × Kd (16.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 283.10 Current price: 337.80
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2020
actual 		Mar 2021
actual 		Mar 2022
actual 		Mar 2023
actual 		Mar 2024
actual 		Mar 2025
actual 		Mar 2026
8 Rev. Ana.
6 EPS Ana. 		Mar 2027
8 Rev. Ana.
6 EPS Ana. 		Mar 2028
7 Rev. Ana.
5 EPS Ana. 		Mar 2029
2 Rev. Ana.
2 EPS Ana. 		Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
3.42B
est: 3.41B (+0.5%)
3.91B
est: 3.83B (+1.9%)
4.71B
est: 4.71B (+0.1%)
5.26B
est: 5.27B (-0.3%)
5.00B
est: 6.05B (-17.4%)
4.96B
est: 4.96B (-0.2%)
6.34B
6.26B – 6.51B
+27.7% YoY
7.18B
6.92B – 7.51B
+13.4% YoY
8.22B
7.65B – 8.91B
+14.5% YoY
9.92B
9.39B – 10.58B
+20.7% YoY
11.84B
11.20B – 12.62B
+19.3% YoY
EBITDA
1.53B
est: 1.54B (-0.9%)
1.68B
est: 897.58M (+87.6%)
2.28B
est: 970.46M (+134.7%)
2.58B
est: 1.03B (+150.4%)
2.16B
est: 2.62B (-17.7%)
2.13B
est: 1.64B (+29.9%)
2.74B
2.71B – 2.82B
+67.6% YoY
3.11B
3.00B – 3.25B
+13.4% YoY
3.56B
3.31B – 3.86B
+14.5% YoY
4.30B
4.07B – 4.58B
+20.7% YoY
5.13B
4.85B – 5.46B
+19.3% YoY
EBIT
897.00M
est: 1.03B (-12.5%)
1.00B
est: 951.44M (+5.4%)
1.53B
est: 1.03B (+49.1%)
1.76B
est: 1.09B (+61.2%)
1.64B
est: 1.91B (-14.3%)
1.30B
est: 1.59B (-18.4%)
2.00B
1.98B – 2.06B
+26.1% YoY
2.27B
2.19B – 2.37B
+13.4% YoY
2.60B
2.42B – 2.82B
+14.5% YoY
3.14B
2.97B – 3.34B
+20.7% YoY
3.74B
3.54B – 3.99B
+19.3% YoY
Net Income
370.00M
est: 332.34M (+11.3%)
339.00M
est: 390.71M (-13.2%)
631.00M
est: 422.43M (+49.4%)
663.00M
est: 447.65M (+48.1%)
-165.00M
est: 15.19M (-1,186.4%)
220.00M
est: 311.98M (-29.5%)
643.45M
573.99M – 712.90M
+106.2% YoY
886.33M
778.77M – 993.90M
+37.7% YoY
1.11B
986.55M – 1.23B
+25.1% YoY
1.60B
1.44B – 1.76B
+44.2% YoY
2.13B
1.98B – 2.31B
+33.0% YoY
SGA
148.00M
est: 264.25M (-44.0%)
187.00M
est: 721.23M (-74.1%)
224.00M
est: 779.79M (-71.3%)
521.00M
est: 826.33M (-37.0%)
576.00M
est: 696.65M (-17.3%)
650.00M
est: 938.03M (-30.7%)
729.65M
720.60M – 749.70M
-22.2% YoY
827.13M
796.78M – 864.90M
+13.4% YoY
946.80M
881.37M – 1.03B
+14.5% YoY
1.14B
1.08B – 1.22B
+20.7% YoY
1.36B
1.29B – 1.45B
+19.3% YoY
EPS
0.10
est: 0.09 (+11.6%)
0.09
est: 0.08 (+18.6%)
0.17
est: 0.16 (+6.2%)
0.18
est: 0.16 (+12.2%)
-0.04
est: 0.00 (-1,185.7%)
0.06
est: 0.08 (-30.0%)
0.18
0.16 – 0.19
+116.1% YoY
0.24
0.21 – 0.27
+30.6% YoY
0.31
0.27 – 0.34
+30.7% YoY
0.44
0.39 – 0.48
+40.1% YoY
0.58
0.54 – 0.63
+33.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-07 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-06 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-05 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-05-01 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-30 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-29 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-28 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-27 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-24 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-23 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-22 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-21 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-20 B- 2/5 3/5 4/5 4/5 1/5 1/5 1/5
2026-04-17 B- 3/5 3/5 5/5 4/5 1/5 1/5 1/5
2026-04-16 B- 3/5 3/5 5/5 4/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.81B
OE per share TTM
0.77
Owner's Yield
21.03%
Maintenance CapEx ratio
44.70%
Maint CapEx / Avg PPE
84.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 259 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 VanEck Africa Index ETF AFK 2.04% 2.03M 0.76%
2 WisdomTree UK Quality Dividend Growth UCITS ETF - GBP UGRW.L 1.78% 194.1K 0.29%
3 iShares STOXX Europe 600 Telecommunications UCITS ETF (DE) EXV2.DE 0.80% 1.17M 0.46%
4 Xtrackers MSCI Europe Communication Services Screened UCITS ETF 1C XSKR.L 0.77% 129.1K 0.17%
5 State Street SPDR MSCI Europe Communication Services UCITS ETF TELE.L 0.74% 461.2K 0.18%
6 iShares STOXX Europe Small 200 UCITS ETF (DE) EXSE.DE 0.45% 3.07M 0.20%
7 iShares MSCI Europe Mid-Cap Equal Weight UCITS ETF IEFS.L 0.44% 170.2K 0.25%
8 iShares Edge MSCI Europe Multifactor UCITS ETF IFSD.L 0.42% 976.6K 0.25%
9 iShares STOXX Europe Equity Multifactor UCITS ETF IEEU.L 0.42% 2.85M 0.25%
10 Vanguard Global Momentum Factor ETF VMO.TO 0.30% 1.07M 0.38%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
499.4K
Shares Outstanding
3.65B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sunil Kumar Taldar Chief Executive Officer & Executive Director 1M male
Daddy Mukadi Chief Regulatory Officer — male
Jacques Barkhuizen Chief Information Officer — male
Kamal Dua Chief Financial Officer & Executive Director — male
Martin Frechette Chief legal officer — male
Alastair Jones Head of Investor Relations — male
Razvan Ungureanu Chief Technology Officer — male
Rogany Ramiah Chief Human Resources Officer — female
Rohit Marwha Chief Marketing & Sales Officer — male
Peter Odedina Chief Compliance Officer — —
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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