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MTN Group LimitedJSE:MTN Stock Report

Market Cap R252.7b
Share Price
R137.82
My Fair Value
R230
40.1% undervalued intrinsic discount
1Y48.6%
7D-0.6%
Portfolio Value
View

MTN Group Limited

JSE:MTN Stock Report

Market Cap: R252.7b

MTN Group (MTN) Stock Overview

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa. More details

MTN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends2/6

MTN Community Fair Values

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MTN Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for MTN Group
Historical stock prices
Current Share PriceR137.82
52 Week HighR174.23
52 Week LowR79.87
Beta0.94
1 Month Change-19.87%
3 Month Change4.02%
1 Year Change48.59%
3 Year Change5.74%
5 Year Change138.53%
Change since IPO7,775.43%

Recent News & Updates

MTN Group's (JSE:MTN) Strong Earnings Are Of Good Quality

Aug 25
MTN Group's (JSE:MTN) Strong Earnings Are Of Good Quality

MTN Group Limited's (JSE:MTN) Subdued P/S Might Signal An Opportunity

Aug 14
MTN Group Limited's (JSE:MTN) Subdued P/S Might Signal An Opportunity

Recent updates

MTN Group's (JSE:MTN) Strong Earnings Are Of Good Quality

Aug 25
MTN Group's (JSE:MTN) Strong Earnings Are Of Good Quality

MTN Group Limited's (JSE:MTN) Subdued P/S Might Signal An Opportunity

Aug 14
MTN Group Limited's (JSE:MTN) Subdued P/S Might Signal An Opportunity

Should Shareholders Reconsider MTN Group Limited's (JSE:MTN) CEO Compensation Package?

May 22
Should Shareholders Reconsider MTN Group Limited's (JSE:MTN) CEO Compensation Package?

Here's Why MTN Group (JSE:MTN) Has A Meaningful Debt Burden

May 01
Here's Why MTN Group (JSE:MTN) Has A Meaningful Debt Burden

Is Now The Time To Look At Buying MTN Group Limited (JSE:MTN)?

Apr 08
Is Now The Time To Look At Buying MTN Group Limited (JSE:MTN)?
User avatar

Localization Progress In Uganda And Ghana Will Unlock Future Earnings

Strong growth in data and fintech services could positively impact MTN's revenue and boost net margins through high-margin products.

Even With A 28% Surge, Cautious Investors Are Not Rewarding MTN Group Limited's (JSE:MTN) Performance Completely

Jan 31
Even With A 28% Surge, Cautious Investors Are Not Rewarding MTN Group Limited's (JSE:MTN) Performance Completely

Potential Upside For MTN Group Limited (JSE:MTN) Not Without Risk

Dec 07
Potential Upside For MTN Group Limited (JSE:MTN) Not Without Risk

MTN Group's (JSE:MTN) Returns On Capital Are Heading Higher

Nov 15
MTN Group's (JSE:MTN) Returns On Capital Are Heading Higher

MTN Group (JSE:MTN) Use Of Debt Could Be Considered Risky

Sep 13
MTN Group (JSE:MTN) Use Of Debt Could Be Considered Risky

Shareholder Returns

MTNZA Wireless TelecomZA Market
7D-0.6%-0.09%1.4%
1Y48.6%13.4%23.0%

Return vs Industry: MTN exceeded the ZA Wireless Telecom industry which returned 13.4% over the past year.

Return vs Market: MTN exceeded the ZA Market which returned 23% over the past year.

Price Volatility

Is MTN's price volatile compared to industry and market?
MTN volatility
MTN Average Weekly Movement5.0%
Wireless Telecom Industry Average Movement3.7%
Market Average Movement4.5%
10% most volatile stocks in ZA Market9.8%
10% least volatile stocks in ZA Market2.6%

Stable Share Price: MTN has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: MTN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994n/aRalph Mupitawww.mtn.com

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, interconnect, and roaming services; and sells mobile devices. It also provides digital and fintech services, such as value-added services, rich media services, MTN Mobile Money, insurance, airtime lending, and e-commerce services.

MTN Group Limited Fundamentals Summary

How do MTN Group's earnings and revenue compare to its market cap?
MTN fundamental statistics
Market capR252.66b
Earnings (TTM)R7.54b
Revenue (TTM)R206.75b
33.4x
P/E Ratio
1.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MTN income statement (TTM)
RevenueR206.75b
Cost of RevenueR70.24b
Gross ProfitR136.51b
Other ExpensesR128.96b
EarningsR7.54b

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)4.12
Gross Margin66.03%
Net Profit Margin3.65%
Debt/Equity Ratio44.5%

How did MTN perform over the long term?

See historical performance and comparison

Dividends

2.5%
Current Dividend Yield
83%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/11 17:19
End of Day Share Price 2025/09/11 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MTN Group Limited is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan BradleyAbsa Bank Limited
Niel VenterAbsa Bank Limited
Sameera CassimAfrifocus Securities (Pty) Ltd.