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Nigerian (NSE) Telecom Sector Analysis
UpdatedMay 21, 2025
DataAggregated Company Financials
Companies6
- 7D-3.5%
- 3M3.8%
- 1Y23.1%
- YTD17.6%
Over the last 7 days, the Telecom industry has dropped 4.3%, driven by MTN Nigeria Communications declining 1.4%. Over the past 12 months, the industry was up 22%.
Sector Valuation and Performance
Has the Nigerian Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 21 May 2025 | ₦28.9b | ₦14.1b | -₦1,035,376,000.00 | 6x | -27.9x | 2.1x |
| Fri, 18 Apr 2025 | ₦9.9b | ₦14.2b | -₦1,980,966,000.00 | 11.8x | -5x | 0.7x |
| Sun, 16 Mar 2025 | ₦11.1b | ₦13.9b | -₦2,510,056,000.00 | 13.6x | -4.4x | 0.8x |
| Tue, 11 Feb 2025 | ₦13.0b | ₦13.9b | -₦2,510,056,000.00 | 16.6x | -5.2x | 0.9x |
| Thu, 09 Jan 2025 | ₦15.0b | ₦11.3b | -₦2,805,178,000.00 | 10.7x | -5.3x | 1.3x |
| Sat, 07 Dec 2024 | ₦9.9b | ₦11.3b | -₦2,805,178,000.00 | 9.5x | -3.5x | 0.9x |
| Mon, 04 Nov 2024 | ₦10.9b | ₦11.3b | -₦2,806,190,000.00 | 8.1x | -3.9x | 1x |
| Wed, 02 Oct 2024 | ₦10.4b | ₦10.3b | -₦3,058,638,000.00 | n/a | -3.4x | 1x |
| Fri, 30 Aug 2024 | ₦10.8b | ₦10.3b | -₦3,058,638,000.00 | n/a | -3.5x | 1x |
| Sun, 28 Jul 2024 | ₦8.9b | ₦10.8b | -₦2,344,982,000.00 | 272.2x | -3.8x | 0.8x |
| Tue, 25 Jun 2024 | ₦8.0b | ₦10.8b | -₦2,046,038,000.00 | 5.9x | -3.9x | 0.7x |
| Thu, 23 May 2024 | ₦8.7b | ₦10.7b | -₦1,619,123,000.00 | 6.3x | -5.4x | 0.8x |
| Sat, 20 Apr 2024 | ₦9.3b | ₦11.2b | -₦302,669,000.00 | 6.1x | -30.6x | 0.8x |
| Mon, 18 Mar 2024 | ₦10.0b | ₦11.2b | -₦302,669,000.00 | 6.1x | -32.9x | 0.9x |
| Wed, 14 Feb 2024 | ₦5.8t | ₦2.3t | ₦239.0b | 7.6x | 24.2x | 2.5x |
| Fri, 12 Jan 2024 | ₦5.9t | ₦2.3t | ₦238.9b | 6.6x | 24.9x | 2.5x |
| Sun, 10 Dec 2023 | ₦5.0t | ₦2.3t | ₦238.9b | 5.6x | 21x | 2.1x |
| Tue, 07 Nov 2023 | ₦4.9t | ₦2.3t | ₦239.1b | 6.4x | 20.5x | 2.1x |
| Thu, 05 Oct 2023 | ₦5.5t | ₦2.2t | ₦308.2b | 4.4x | 18x | 2.5x |
| Sat, 02 Sep 2023 | ₦5.8t | ₦2.2t | ₦308.2b | 5.3x | 18.7x | 2.6x |
| Mon, 31 Jul 2023 | ₦5.5t | ₦2.2t | ₦308.4b | 5.6x | 17.9x | 2.5x |
| Wed, 28 Jun 2023 | ₦5.3t | ₦2.1t | ₦365.1b | 7.4x | 14.5x | 2.5x |
| Fri, 26 May 2023 | ₦4.7t | ₦2.1t | ₦364.0b | 7.1x | 12.9x | 2.2x |
| Sun, 23 Apr 2023 | ₦4.6t | ₦2.0t | ₦360.5b | 4.5x | 12.6x | 2.3x |
| Tue, 21 Mar 2023 | ₦4.8t | ₦2.0t | ₦360.5b | 5.3x | 13.3x | 2.4x |
| Thu, 16 Feb 2023 | ₦5.0t | ₦2.0t | ₦360.5b | 4.8x | 13.9x | 2.5x |
| Sat, 14 Jan 2023 | ₦4.7t | ₦1.9t | ₦347.8b | 2.9x | 13.4x | 2.4x |
| Mon, 12 Dec 2022 | ₦4.4t | ₦1.9t | ₦348.2b | 3x | 12.6x | 2.3x |
| Wed, 09 Nov 2022 | ₦4.0t | ₦1.9t | ₦347.8b | 4.2x | 11.5x | 2.1x |
| Fri, 07 Oct 2022 | ₦4.0t | ₦1.8t | ₦337.8b | 5.1x | 11.9x | 2.2x |
| Sun, 04 Sep 2022 | ₦4.1t | ₦1.8t | ₦338.2b | 6.8x | 12x | 2.2x |
| Tue, 02 Aug 2022 | ₦4.1t | ₦1.8t | ₦338.4b | 5.2x | 12x | 2.2x |
| Thu, 30 Jun 2022 | ₦4.7t | ₦1.8t | ₦321.5b | 3.8x | 14.6x | 2.7x |
| Sat, 28 May 2022 | ₦4.8t | ₦1.8t | ₦321.5b | 3.7x | 15x | 2.8x |
Price to Earnings Ratio
15x
Current Industry PE
- Investors are optimistic on the Nigerian Communication Services industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- Total earnings for the Communication Services industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 80% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Nigerian Telecom sector?
| NG Market | 0.96% | |
| Telecom | -3.50% | |
| Wireless Telecom | 0% | 0 |
| Media | -0.72% | |
| Telecom Services and Carriers | -5.39% | |
Industry PE
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DAARCOMM Daar Communications | ₦0.67 | 4.7% +₦240.0m | 6.3% | PS1x | |
| LEARNAFRCA Learn Africa | ₦4.45 | 1.1% +₦43.4m | 43.0% | PE7.8x |