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MTN Group Limited (MTN.JO)
Johannesburg, ZA
MTN Group Limited, established in 1994 and headquartered in Johannesburg, South Africa, is a leading entity in the mobile telecommunications sector. The company provides a comprehensive array of services, encompassing mobile data, voice communication, and text messaging, alongside digital solutions, financial technology (fintech) services, wholesale offerings, and international interconnect and roaming capabilities. It also engages in the retail of mobile devices. Furthermore, MTN maintains and operates extensive Network as a Service (NaaS) infrastructure, which includes subsea cables for global connectivity, terrestrial and metropolitan fiber networks, data centers, essential cable landing stations, FTTx (Fiber to the X), cellular towers, and radio access networks. Beyond its core telecom activities, MTN delivers a variety of digital financial services, such as payment access, online commerce, insurance products, lending, and money transfer solutions. Its enterprise division furnishes advanced solutions like cloud computing, integrated communication platforms, the Internet of Things (IoT), and software-defined networks. The group also develops and markets API products tailored for diverse industries, including telecommunications, healthcare, government, financial services, and entertainment. As of March 9, 2022, MTN boasted a substantial subscriber base of 272.4 million customers across 21 international markets. Its operational reach extends across South Africa, Nigeria, the broader regions of South and East Africa, West and Central Africa, and the Middle East and North Africa.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.00% | +3.66% | +3.73% | +4.45% | +37.32% | +27.91% | +72.50% | +77.72% | +118.02% | +76.98% | +832.47% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | +1 |
| Buy | 4 | -1 |
| Hold | 2 | 0 |
| Sell | 1 | 0 |
| Strong Sell | 1 | 0 |
-
Revenue growth Telecommunications Services: +7.0%+20.6% ★ Q4'25: +8.9% (vs Q4'23)
-
EPS growth Telecommunications Services: +15.8%+307.7% ★ Q4'25: +299.6% (vs Q4'23)
-
FCF margin FCF growth · Telecommunications Services: +29.4%+18.2% Q4'25: +25.9% (vs Q4'23)
-
EBIT margin Telecommunications Services: +14.7%+34.0% ★ Q4'25: +36.2% (vs Q4'23)
-
ROIC Telecommunications Services: +6.4%+17.5% ★ Q4'25: +38.5% (vs Q4'23)
-
Share dilution Telecommunications Services: +0.0%+1.9% Q4'25: +2.3% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×1.25× ★ Q4'25: 0.60× (vs Q4'23)
* 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.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 9 Rev. Ana. 6 EPS Ana. |
Dec 2027 8 Rev. Ana. 6 EPS Ana. |
Dec 2028 6 Rev. Ana. 3 EPS Ana. |
Dec 2029 5 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
147.06B
est: 145.87B (+0.8%)
|
147.92B
est: 148.30B (-0.3%)
|
132.82B
est: 132.93B (-0.1%)
|
134.56B
est: 134.84B (-0.2%)
|
151.46B
est: 149.47B (+1.3%)
|
179.36B
est: 173.31B (+3.5%)
|
181.65B
est: 181.57B (+0.0%)
|
207.00B
est: 201.49B (+2.7%)
|
221.06B
est: 199.16B (+11.0%)
|
188.00B
est: 184.89B (+1.7%)
|
226.71B
est: 225.17B (+0.7%)
|
262.27B
225.01B – 274.96B
+16.5% YoY
|
304.29B
285.10B – 322.34B
+16.0% YoY
|
340.68B
340.32B – 341.05B
+12.0% YoY
|
406.94B
366.50B – 429.03B
+19.4% YoY
|
| EBITDA |
63.94B
est: 54.13B (+18.1%)
|
40.13B
est: 55.03B (-27.1%)
|
39.90B
est: 49.33B (-19.1%)
|
47.56B
est: 50.04B (-4.9%)
|
64.14B
est: 55.46B (+15.6%)
|
79.51B
est: 64.31B (+23.6%)
|
75.23B
est: 67.37B (+11.7%)
|
87.23B
est: 74.77B (+16.7%)
|
72.99B
est: 76.87B (-5.0%)
|
46.30B
est: 71.36B (-35.1%)
|
117.40B
est: 86.91B (+35.1%)
|
101.23B
86.85B – 106.13B
+16.5% YoY
|
117.45B
110.04B – 124.42B
+16.0% YoY
|
131.50B
131.36B – 131.64B
+12.0% YoY
|
157.07B
141.46B – 165.60B
+19.4% YoY
|
| EBIT |
41.87B
est: 26.24B (+59.6%)
|
14.26B
est: 26.68B (-46.5%)
|
17.97B
est: 23.91B (-24.8%)
|
23.15B
est: 24.26B (-4.6%)
|
31.32B
est: 26.89B (+16.5%)
|
43.31B
est: 31.18B (+38.9%)
|
39.90B
est: 32.66B (+22.2%)
|
51.83B
est: 36.24B (+43.0%)
|
30.72B
est: 39.76B (-22.7%)
|
9.20B
est: 36.91B (-75.1%)
|
77.12B
est: 44.95B (+71.6%)
|
52.36B
44.92B – 54.89B
+16.5% YoY
|
60.74B
56.91B – 64.35B
+16.0% YoY
|
68.01B
67.94B – 68.08B
+12.0% YoY
|
81.23B
73.16B – 85.65B
+19.4% YoY
|
| Net Income |
20.20B
est: 21.24B (-4.9%)
|
-2.61B
est: 6.61B (-139.5%)
|
4.41B
est: 7.80B (-43.4%)
|
8.72B
est: 9.63B (-9.5%)
|
8.96B
est: 10.48B (-14.5%)
|
17.02B
est: 13.43B (+26.8%)
|
13.75B
est: 18.12B (-24.1%)
|
19.04B
est: 20.54B (-7.3%)
|
4.09B
est: -7.44B (+155.0%)
|
-9.59B
est: 9.94B (-196.5%)
|
20.26B
est: 24.73B (-18.1%)
|
32.21B
26.74B – 34.23B
+30.3% YoY
|
42.47B
32.02B – 45.56B
+31.8% YoY
|
48.48B
36.86B – 56.00B
+14.1% YoY
|
—
— – —
-100.0% YoY
|
| SGA |
18.41B
est: 18.06B (+1.9%)
|
19.17B
est: 18.36B (+4.4%)
|
17.28B
est: 16.46B (+5.0%)
|
16.80B
est: 16.70B (+0.6%)
|
18.57B
est: 18.51B (+0.4%)
|
21.16B
est: 21.46B (-1.4%)
|
22.45B
est: 22.48B (-0.1%)
|
24.82B
est: 24.95B (-0.5%)
|
28.58B
est: 25.35B (+12.7%)
|
24.14B
est: 23.54B (+2.5%)
|
30.69B
est: 28.67B (+7.1%)
|
33.39B
28.65B – 35.00B
+16.5% YoY
|
38.74B
36.30B – 41.04B
+16.0% YoY
|
43.37B
43.33B – 43.42B
+12.0% YoY
|
51.81B
46.66B – 54.62B
+19.4% YoY
|
| EPS |
11.09
est: 11.75 (-5.7%)
|
-1.44
est: 3.66 (-139.4%)
|
2.46
est: 4.32 (-43.0%)
|
4.85
est: 5.33 (-9.0%)
|
5.06
est: 5.80 (-12.8%)
|
9.46
est: 7.43 (+27.3%)
|
7.63
est: 10.03 (-23.9%)
|
10.55
est: 12.39 (-14.9%)
|
2.27
est: -4.12 (+155.1%)
|
-5.31
est: 5.56 (-195.4%)
|
11.13
est: 13.37 (-16.7%)
|
17.02
14.53 – 18.61
+27.3% YoY
|
21.77
17.40 – 24.76
+27.9% YoY
|
26.35
20.03 – 30.43
+21.0% YoY
|
—
— – —
-100.0% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-28 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-27 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-26 | B+ | 3/5 | 4/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-25 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-22 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-21 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-20 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-19 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-18 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-15 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-14 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-13 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-12 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-11 | B | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-05-08 | B+ | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-07 | B+ | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-06 | B+ | 3/5 | 3/5 | 4/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-05 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-04 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-30 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 3/5 |
| 2026-04-29 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-28 | B | 3/5 | 3/5 | 3/5 | 4/5 | 2/5 | 2/5 | 2/5 |
| 2026-04-24 | B- | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-23 | B- | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-22 | B- | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-21 | B- | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-20 | B- | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-17 | B- | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-16 | B- | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
| 2026-04-15 | B- | 3/5 | 3/5 | 3/5 | 4/5 | 1/5 | 2/5 | 2/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Ralph Tendai Mupita | Group President, Chief Executive Officer & Executive Director | 69M | male |
| Ebenezer Twum Asante | Senior Vice President of Southern, East Africa, Ghana & Sudan regions (SEAGHAS) | 41M | male |
| Karl Olutokun Toriola | Chief Executive Officer of MTN Nigeria & Vice President of Francophone Africa | 40M | male |
| Tsholofelo L. Molefe | Group Chief Financial Officer & Executive Director | 39M | female |
| Charles Molapisi | Group Chief Technology & Information Officer of MTN South Africa | 28M | male |
| Paul D. Norman | Group Chief Human Resources Officer | 18M | male |
| Kelebogile Modise | Group Chief Legal & Regulatory Affairs Officer | 12M | female |
| Ferdinand Moolman | CEO & Executive Director of MTN South Africa | 12M | male |
| Suren Sooklal | Group Chief Business Risk Officer | 5M | male |
| Roy Mutooni | Executive of Group Investor Relations | — | male |
| Thato Motlanthe | Executive of Investor Relations | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for MTN.JO
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
