Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 9 non-independent directors. Director Yasser Shaker was the last director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Apr 01
Sonatel SA, Annual General Meeting, Apr 16, 2026 Sonatel SA, Annual General Meeting, Apr 16, 2026. Location: dakar Senegal お知らせ • Mar 31
Sonatel SA announces Annual dividend, payable on May 26, 2026 Sonatel SA announced Annual dividend of XOF 1933.0000 per share payable on May 26, 2026, ex-date on May 21, 2026 and record date on May 26, 2026. お知らせ • May 08
Phase3 and Sonatel Launch Lagos-To-Dakar Terrestrial Fibre Route, Unlocking Resilience Across West Africa In a major leap for digital infrastructure across West Africa, Phase3 and Sonatel have activated a new terrestrial fibre route stretching 3,500km from Lagos, Nigeria, to Dakar, Senegal, delivering scalable, low-latency connectivity and unlocking critical cloud and content capacity across the region. This collaboration marks the next phase of Phase3's East-West fibre expansion, extending its Lagos-Accra corridor to reach Dakar, one of West Africa's key digital hubs. The result: a high-performance, land-based alternative to subsea systems, achieving latency as low as 32ms, and a much-needed layer of resilience for a region heavily impacted by the 2024 cable disruptions. By bridging networks through Benin, Togo, Ghana, and now through to Senegal, the new terrestrial path provides critical redundancy for Hyperscalers, content networks, financial institutions, governments, and cloud providers. It also expands the Djoliba network from Ghana into Nigeria, while laying groundwork for Ikasira, Sonatel's next-generation regional platform. The route is engineered for financial services, enterprise cloud workloads, public sector digitization, and media streaming, ensuring cross-border interoperability and local access to cloud zones like AWS Wavelength, hosted by Sonatel in Dakar. It also helps reduce exposure to future subsea outages, supporting national digital strategies across the region. The Phase 3-Sonatel route is a milestone in regional fibre collaboration, one that strengthens West Africa's digital core and connects it more securely to the world. Commercial availability and service packages are expected to be announced soon. Buy Or Sell Opportunity • Aug 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to XOF22,000. The fair value is estimated to be XOF18,171, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 7.5% in the next 2 years. Reported Earnings • Aug 01
First half 2024 earnings released First half 2024 results: Revenue: XOF877.7b (up 11% from 1H 2023). Net income: XOF160.0b (up 27% from 1H 2023). Profit margin: 18% (up from 16% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Africa. Price Target Changed • May 10
Price target increased by 7.4% to XOF21,708 Up from XOF20,210, the current price target is provided by 1 analyst. New target price is 11% above last closing price of XOF19,500. Stock is up 18% over the past year. Upcoming Dividend • May 08
Upcoming dividend of €1,750 per share Eligible shareholders must have bought the stock before 15 May 2024. Payment date: 17 May 2024. Trailing yield: 9.1%. Lower than top quartile of Ivorian dividend payers (11%). Higher than average of industry peers (6.0%). Reported Earnings • Feb 26
Full year 2023 earnings released Full year 2023 results: Revenue: XOF1.62t (up 11% from FY 2022). Net income: XOF279.4b (up 18% from FY 2022). Profit margin: 17% (in line with FY 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Telecom industry in Africa. Reported Earnings • Jul 25
First half 2023 earnings released First half 2023 results: Revenue: XOF794.1b (up 11% from 1H 2022). Net income: XOF125.8b (up 15% from 1H 2022). Profit margin: 16% (in line with 1H 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Africa. Upcoming Dividend • May 08
Upcoming dividend of XOF1,667 per share at 10% yield Eligible shareholders must have bought the stock before 15 May 2023. Payment date: 17 May 2023. Trailing yield: 10%. Lower than top quartile of Ivorian dividend payers (11%). Higher than average of industry peers (5.7%). Reported Earnings • Apr 23
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: XOF2,360 (up from XOF2,111 in FY 2021). Revenue: XOF1.46t (up 9.0% from FY 2021). Net income: XOF236.0b (up 12% from FY 2021). Profit margin: 16% (in line with FY 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 17
Price target decreased to XOF19,851 Down from XOF27,976, the current price target is provided by 1 analyst. New target price is 37% above last closing price of XOF14,500. Stock is up 4.3% over the past year. The company is forecast to post earnings per share of XOF2,401 for next year compared to XOF2,111 last year. Board Change • Nov 17
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). Director Francois Lat Collin was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 22
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (down XOF118.9b from profit in 1H 2021). Profit margin: (down from 19% in 1H 2021). Upcoming Dividend • May 09
Upcoming dividend of XOF1,556 per share Eligible shareholders must have bought the stock before 16 May 2022. Payment date: 18 May 2022. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 9.7%. Within top quartile of Ivorian dividend payers (9.0%). Higher than average of industry peers (5.2%). Reported Earnings • May 01
Full year 2021 earnings released: EPS: XOF2,110 (vs XOF1,686 in FY 2020) Full year 2021 results: EPS: XOF2,110 (up from XOF1,686 in FY 2020). Revenue: XOF1.33t (up 11% from FY 2020). Net income: XOF211.1b (up 25% from FY 2020). Profit margin: 16% (up from 14% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (8 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 21
First half 2021 earnings released The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: XOF642.0b (up 9.3% from 1H 2020). Net income: XOF118.9b (up 32% from 1H 2020). Profit margin: 19% (up from 15% in 1H 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • May 05
Upcoming dividend of XOF1,361 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 17 May 2021. Trailing yield: 9.7%. Lower than top quartile of Ivorian dividend payers (11%). Higher than average of industry peers (4.4%). Is New 90 Day High Low • Jan 30
New 90-day low: XOF11,000 The company is down 4.0% from its price of XOF11,500 on 30 October 2020. The Ivorian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 21% share price gain to XOF13,865, the stock is trading at a trailing P/E ratio of 9x, up from the previous P/E ratio of 7.5x. This compares to an average P/E of 11x in the Telecom industry in Africa. Total return to shareholders over the past three years is a loss of 18%. Is New 90 Day High Low • Dec 17
New 90-day high: XOF12,900 The company is up 8.0% from its price of XOF11,895 on 18 September 2020. The Ivorian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 27
New 90-day low: XOF10,500 The company is down 12% from its price of XOF11,950 on 29 July 2020. The Ivorian market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 03
New 90-day low: XOF11,500 The company is down 11% from its price of XOF12,900 on 03 July 2020. The Ivorian market is down 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 5.0% over the same period.