Potential Upside For MTN Group Limited (JSE:MTN) Not Without Risk
Apr 27
South African (JSE) Wireless Telecom Services Industry Analysis
UpdatedMay 24, 2024
DataAggregated Company Financials
Companies2
- 7D1.8%
- 3M2.1%
- 1Y-18.8%
- YTDn/a
In the last week, the Wireless Telecom Services industry is up 4.6%, with all of the companies up. In contrast, the industry has lost 19% in the last 12 months. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the South African Wireless Telecom Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 24 May 2024 | R339.1b | R371.9b | R20.4b | 24.6x | 16.6x | 0.9x |
| Sun, 21 Apr 2024 | R318.8b | R359.6b | R21.5b | 23x | 14.8x | 0.9x |
| Tue, 19 Mar 2024 | R333.2b | R361.1b | R37.9b | 8.9x | 8.8x | 0.9x |
| Thu, 15 Feb 2024 | R348.6b | R361.1b | R37.9b | 9.3x | 9.2x | 1x |
| Sat, 13 Jan 2024 | R411.1b | R361.1b | R37.9b | 10.9x | 10.8x | 1.1x |
| Mon, 11 Dec 2023 | R381.5b | R361.1b | R37.9b | 10.1x | 10.1x | 1.1x |
| Wed, 08 Nov 2023 | R374.9b | R342.0b | R37.3b | 10.2x | 10x | 1.1x |
| Fri, 06 Oct 2023 | R401.3b | R342.0b | R37.3b | 11x | 10.8x | 1.2x |
| Sun, 03 Sep 2023 | R431.3b | R342.0b | R37.3b | 11.7x | 11.6x | 1.3x |
| Tue, 01 Aug 2023 | R481.3b | R326.2b | R36.1b | 13.3x | 13.3x | 1.5x |
| Thu, 29 Jun 2023 | R470.0b | R326.2b | R36.1b | 13.2x | 13x | 1.4x |
| Sat, 27 May 2023 | R416.1b | R326.2b | R36.1b | 11.6x | 11.5x | 1.3x |
| Mon, 24 Apr 2023 | R466.9b | R313.6b | R35.7b | 13.2x | 13.1x | 1.5x |
| Wed, 22 Mar 2023 | R458.5b | R313.6b | R35.7b | 13x | 12.8x | 1.5x |
| Fri, 17 Feb 2023 | R513.3b | R299.3b | R35.5b | 14.5x | 14.5x | 1.7x |
| Sun, 15 Jan 2023 | R491.8b | R299.3b | R35.5b | 14x | 13.9x | 1.6x |
| Tue, 13 Dec 2022 | R453.9b | R299.3b | R35.5b | 12.8x | 12.8x | 1.5x |
| Thu, 10 Nov 2022 | R469.5b | R295.5b | R36.3b | 12.9x | 12.9x | 1.6x |
| Sat, 08 Oct 2022 | R422.1b | R295.5b | R36.3b | 11.7x | 11.6x | 1.4x |
| Mon, 05 Sep 2022 | R446.0b | R295.5b | R36.3b | 12.3x | 12.3x | 1.5x |
| Wed, 03 Aug 2022 | R487.6b | R284.5b | R30.9b | 16x | 15.8x | 1.7x |
| Fri, 01 Jul 2022 | R460.1b | R284.5b | R30.9b | 15.1x | 14.9x | 1.6x |
| Sun, 29 May 2022 | R540.9b | R284.5b | R30.9b | 17.9x | 17.5x | 1.9x |
| Tue, 26 Apr 2022 | R548.2b | R282.1b | R29.8b | 18.6x | 18.4x | 1.9x |
| Thu, 24 Mar 2022 | R608.5b | R282.1b | R29.8b | 20.7x | 20.4x | 2.2x |
| Sat, 19 Feb 2022 | R582.0b | R282.4b | R23.7b | 29.6x | 24.6x | 2.1x |
| Mon, 17 Jan 2022 | R526.2b | R282.4b | R23.7b | 26.7x | 22.2x | 1.9x |
| Wed, 15 Dec 2021 | R531.6b | R282.4b | R23.7b | 27.2x | 22.5x | 1.9x |
| Fri, 12 Nov 2021 | R538.3b | R280.3b | R24.2b | 26.8x | 22.3x | 1.9x |
| Sun, 10 Oct 2021 | R492.0b | R280.3b | R24.2b | 24.1x | 20.4x | 1.8x |
| Tue, 07 Sep 2021 | R464.0b | R280.3b | R24.2b | 22.3x | 19.2x | 1.7x |
| Thu, 05 Aug 2021 | R433.8b | R280.3b | R24.2b | 20.4x | 18x | 1.5x |
Price to Earnings Ratio
13.9x
Current Industry PE
- There are only 2 companies in the South African Wireless Telecommunication Services industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
- The earnings for companies in the Wireless Telecommunication Services industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 10% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does South African Wireless Telecom Services compare with similar industries?
| ZA Market | -1.07% | |
| Telecom | 1.67% | |
| Wireless Telecom | 1.78% | |
| Wireless Telecom Services | 1.78% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MTN MTN Group | R85.65 | 2.7% +R4.1b | -25.2% | PE37.8x | |
| VOD Vodacom Group | R95.24 | 1.0% +R1.8b | -12.4% | PE11.3x |