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Vodacom Group Limited (VOD.JO)

ZAc15,619.00 +94.00 (+0.61%)
ZA JNB Communication Services Telecommunications Services
Address Vodacom Corporate Park 1685
Midrand, ZA
CEO Mohamed Shameel Aziz Joosub
IPO 2003-03-04
ISIN ZAE000132577

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Also trades on Johannesburg Stock Exchange · VOD.JO (ZAc) Other OTC · VDMCY (USD) Other OTC · VODAF (USD)
Description

Headquartered in Midrand, South Africa, and established in 1993, Vodacom Group Limited functions as a prominent provider of connectivity, digital, and financial services, catering to clients both within South Africa and across international markets. The company delivers a comprehensive suite of communication solutions, encompassing data, mobile and fixed-line voice, messaging, and converged services, alongside specialized financial offerings and enterprise IT support. Vodacom's robust infrastructure extends mobile and fixed-line connectivity, offering internet and virtual private network (VPN) services through diverse wireless, fixed-line, satellite, mobile, and converged technological platforms. Beyond basic connectivity, it provides advanced cloud services, including hosting and security, featuring Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS), security applications, hosted solutions, and direct access to major hyperscale providers. For wholesale partners, the company supplies an extensive array of carrier products such as APN data, microwave, managed satellite, WiFi, international private leased circuits (IPLC), IP transit, fiber, IP-VPN, Ethernet over MPLS, carrier Ethernet, cloud connect, various internet access options (dedicated, broadband), software-defined WAN (SD-WAN), and VSAT services. Vodacom also specializes in IoT solutions, utilizing sensors and other electronic devices to capture critical data like temperature, speed, and location. Furthermore, it offers digital financial services tailored for both personal and business needs. The company also developed the SmartCitizen mobile application, aimed at enhancing transparency and accountability in vital public services such as water, sanitation, roads, education, and health. Vodacom Group Limited operates as a subsidiary of Vodafone Investments SA (Pty) 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
ZAc15,619.00 +94.00 (+0.61%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.37
Float Shares
551.46M
Free Float %
28.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.19% +4.28% +6.68% -1.02% +10.05% +9.01% +17.65% +36.77% +24.16% -6.07% +446.24%
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
15,619.00
DCF (Unlevered) 32,569.01 +108.5%
DCF (Levered) 40,437.27 +158.9%

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) 11% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 7 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.43
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Telecommunications Services: +7.0%
    +9.1% Q1'26: +9.9% (vs Q1'24)
  • EPS growth Telecommunications Services: +15.8%
    +23.0% Q1'26: +38.1% (vs Q1'24)
  • FCF margin FCF growth · Telecommunications Services: +29.4%
    +13.0% Q1'26: +26.0% (vs Q1'24)
  • EBIT margin Telecommunications Services: +14.7%
    +23.1% Q1'26: +24.4% (vs Q1'24)
  • ROIC Telecommunications Services: +6.4%
    +16.3% Q1'26: +35.7% (vs Q1'24)
  • Share dilution Telecommunications Services: +0.0%
    +1.2% Q1'26: +5.7% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×
    1.51× Q1'26: 0.71× (vs Q1'24)
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 (0.35) × ERP
WACC = 76% × Ke + 24% × Kd (8.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 32,569.01 Current price: 15,619.00
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 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
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
1 Rev. Ana.
1 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
77.33B
est: 76.68B (+0.9%)
80.08B
est: 82.81B (-3.3%)
81.28B
est: 82.71B (-1.7%)
86.37B
est: 85.94B (+0.5%)
86.63B
est: 88.89B (-2.5%)
90.75B
est: 90.86B (-0.1%)
98.30B
est: 96.68B (+1.7%)
102.74B
est: 103.11B (-0.4%)
119.17B
est: 117.93B (+1.1%)
150.59B
est: 149.51B (+0.7%)
152.23B
est: 152.48B (-0.2%)
166.22B
159.33B – 168.18B
+9.0% YoY
227.90B
188.84B – 261.20B
+37.1% YoY
245.59B
202.50B – 282.85B
+7.8% YoY
274.70B
227.04B – 315.63B
+11.9% YoY
233.59B
193.06B – 268.40B
-15.0% YoY
EBITDA
27.12B
est: 31.39B (-13.6%)
29.84B
est: 33.90B (-12.0%)
31.05B
est: 33.86B (-8.3%)
33.16B
est: 35.19B (-5.8%)
35.74B
est: 36.39B (-1.8%)
41.72B
est: 37.20B (+12.1%)
43.09B
est: 39.58B (+8.9%)
43.45B
est: 42.22B (+2.9%)
48.55B
est: 48.28B (+0.5%)
59.07B
est: 61.21B (-3.5%)
58.80B
est: 60.56B (-2.9%)
66.01B
63.27B – 66.79B
+9.0% YoY
90.51B
74.99B – 103.73B
+37.1% YoY
97.53B
80.42B – 112.33B
+7.8% YoY
109.09B
90.17B – 125.35B
+11.9% YoY
92.77B
76.67B – 106.59B
-15.0% YoY
EBIT
19.59B
est: 20.01B (-2.1%)
21.04B
est: 21.60B (-2.6%)
22.05B
est: 21.58B (+2.2%)
24.90B
est: 22.42B (+11.1%)
25.10B
est: 23.19B (+8.2%)
27.76B
est: 23.71B (+17.1%)
27.97B
est: 25.22B (+10.9%)
28.79B
est: 26.90B (+7.0%)
30.58B
est: 30.77B (-0.6%)
36.29B
est: 39.01B (-7.0%)
36.87B
est: 38.14B (-3.3%)
41.58B
39.85B – 42.07B
+9.0% YoY
57.00B
47.23B – 65.33B
+37.1% YoY
61.43B
50.65B – 70.75B
+7.8% YoY
68.71B
56.79B – 78.95B
+11.9% YoY
58.43B
48.29B – 67.13B
-15.0% YoY
Net Income
12.67B
est: 17.02B (-25.5%)
12.92B
est: 18.00B (-28.2%)
13.42B
est: 18.00B (-25.5%)
15.34B
est: 18.31B (-16.2%)
14.82B
est: 17.52B (-15.4%)
15.94B
est: 18.51B (-13.9%)
16.58B
est: 19.91B (-16.7%)
17.16B
est: 20.29B (-15.4%)
16.77B
est: 17.99B (-6.8%)
16.29B
est: 18.63B (-12.6%)
16.60B
est: 16.60B (+0.0%)
20.65B
18.86B – 22.67B
+24.4% YoY
24.27B
21.45B – 27.08B
+17.5% YoY
28.31B
25.01B – 33.82B
+16.7% YoY
32.88B
25.47B – 39.25B
+16.1% YoY
— – —
-100.0% YoY
SGA
2.01B
est: 1.21B (+65.8%)
1.99B
est: 1.31B (+51.9%)
1.97B
est: 1.31B (+50.9%)
1.91B
est: 1.36B (+40.9%)
1.92B
est: 1.40B (+36.8%)
1.91B
est: 1.44B (+32.9%)
1.72B
est: 1.53B (+12.5%)
1.89B
est: 1.63B (+15.8%)
1.94B
est: 1.86B (+3.9%)
2.16B
est: 2.36B (-8.7%)
1.91B
est: 7.05B (-72.8%)
7.68B
7.36B – 7.77B
+9.0% YoY
10.53B
8.73B – 12.07B
+37.1% YoY
11.35B
9.36B – 13.07B
+7.8% YoY
12.70B
10.49B – 14.59B
+11.9% YoY
10.80B
8.92B – 12.40B
-15.0% YoY
EPS
8.64
est: 8.66 (-0.2%)
8.81
est: 9.16 (-3.8%)
9.15
est: 9.16 (-0.1%)
9.47
est: 9.32 (+1.6%)
8.72
est: 8.92 (-2.2%)
9.39
est: 9.42 (-0.3%)
9.78
est: 10.13 (-3.5%)
10.13
est: 10.32 (-1.9%)
9.48
est: 9.18 (+3.3%)
8.42
est: 9.08 (-7.2%)
8.59
est: 8.56 (+0.4%)
10.23
9.49 – 11.40
+19.6% YoY
11.89
10.79 – 13.62
+16.2% YoY
13.79
12.58 – 17.01
+16.0% YoY
16.54
12.81 – 19.74
+19.9% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-13 A 4/5 5/5 5/5 5/5 2/5 3/5 2/5
2026-05-12 A- 4/5 4/5 5/5 5/5 2/5 3/5 2/5
2026-05-11 A 4/5 4/5 5/5 5/5 4/5 3/5 2/5
2026-05-08 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-05-07 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-05-06 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-05-05 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-05-04 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-04-30 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-04-29 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-04-28 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-04-24 A- 4/5 4/5 4/5 5/5 3/5 3/5 2/5
2026-04-23 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-04-22 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-04-21 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-04-20 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-04-17 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5
2026-04-16 A 4/5 4/5 5/5 5/5 3/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
86.23B
OE per share TTM
43.06
Owner's Yield
26.94%
Maintenance CapEx ratio
68.95%
Maint CapEx / Avg PPE
55.6%

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 152 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Impax Global Infrastructure ETF BLDX 2.45% 2.56M 0.60%
2 iShares MSCI South Africa ETF EZA 1.90% 10.44M 0.59%
3 Pacer Emerging Markets Cash Cows 100 ETF ECOW 1.77% 3.78M 0.70%
4 iShares MSCI South Africa UCITS ETF USD IRSA.L 1.60% 4.08M 0.65%
5 Pacific North of South EM Equity Active ETF GEME 0.78% 2.86M 0.75%
6 abrdn Emerging Markets Dividend Active ETF AGEM 0.54% 1.93M 1.18%
7 RockCreek Global Equality ETF RCGE 0.51% 487.7K 0.95%
8 iShares ESG Aware MSCI EM ETF ESGE 0.47% 32.03M 0.25%
9 iShares ESG Aware MSCI Emerging Markets Index ETF XSEM.TO 0.47% 20.30M 0.34%
10 WisdomTree Emerging Markets Multifactor Fund EMMF 0.44% 782.5K 0.48%

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
5.01M
Shares Outstanding
1.93B

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
Mohamed Shameel Aziz Joosub Chief Executive Officer & Executive Director 40M male
Raisibe K. Morathi Group Chief Financial Officer & Executive Director 20M female
Matimba Mbungela Chief Human Resources Officer 4M male
John-Paul Davids Head of Investor Relations male
Mariam Cassim Chief Executive Officer of Vodacom Financial & Digital Services female
Muriel Loriloux Chief Officer of Commercial & Strategy female
Anna Isaac Chief Legal, Risk & Compliance Officer female
Sean Douglas Bennett Chief Officer of Mergers, Acquisitions & Business Development male
Dejan Kastelic Chief Technology Officer male
Johan van Graan Chief Risk Officer male
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