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South African (JSE) Wireless Telecom Industry Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies4
  • 7D-0.6%
  • 3M5.1%
  • 1Y34.6%
  • YTD12.0%

The Wireless Telecom industry is up 2.5% in the last week, with MTN Group up 3.5%. In the same time, Cell C Holdings was down 5.3%. In the last 12 months, the industry was up 41%. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

Has the South African Wireless Telecom Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026R675.4bR402.5bR44.8b14.5x15.1x1.7x
Sun, 29 Mar 2026R659.8bR402.5bR44.8b15x14.7x1.6x
Tue, 24 Feb 2026R685.6bR382.4bR32.1b16.3x21.4x1.8x
Thu, 22 Jan 2026R622.0bR367.0bR26.4b28.4x23.6x1.7x
Sat, 20 Dec 2025R565.6bR367.0bR26.4b26.3x21.4x1.5x
Mon, 17 Nov 2025R577.7bR367.0bR26.4b27.6x21.9x1.6x
Wed, 15 Oct 2025R535.7bR359.0bR24.1b26.3x22.2x1.5x
Fri, 12 Sep 2025R514.5bR359.0bR24.1b24.6x21.3x1.4x
Sun, 10 Aug 2025R563.7bR340.8bR7.0b16x80.5x1.7x
Tue, 08 Jul 2025R523.2bR340.8bR7.0b16.1x74.7x1.5x
Thu, 05 Jun 2025R501.2bR340.8bR7.0b15.8x71.5x1.5x
Sat, 03 May 2025R484.8bR339.9bR5.2b17.9x94x1.4x
Mon, 31 Mar 2025R462.8bR339.9bR5.2b16.1x89.7x1.4x
Wed, 26 Feb 2025R447.5bR350.5bR7.3b15.8x61.2x1.3x
Fri, 24 Jan 2025R409.7bR350.5bR7.3b14.1x56x1.2x
Sun, 22 Dec 2024R344.1bR350.5bR7.3b13.2x47.1x1x
Tue, 19 Nov 2024R351.3bR350.5bR7.3b13.6x48.1x1x
Thu, 17 Oct 2024R368.5bR349.8bR8.9b12.8x41.6x1.1x
Sat, 14 Sep 2024R385.9bR349.8bR8.9b13.3x43.6x1.1x
Mon, 12 Aug 2024R343.3bR371.9bR20.4b24.3x16.8x0.9x
Wed, 10 Jul 2024R335.2bR371.9bR20.4b23.9x16.4x0.9x
Fri, 07 Jun 2024R329.1bR371.9bR20.4b23.7x16.1x0.9x
Sun, 05 May 2024R349.3bR359.6bR21.5b25.9x16.2x1x
Tue, 02 Apr 2024R360.1bR359.6bR21.5b26.2x16.7x1x
Thu, 29 Feb 2024R333.7bR361.1bR37.9b8.9x8.8x0.9x
Sat, 27 Jan 2024R382.6bR361.1bR37.9b10.2x10.1x1.1x
Mon, 25 Dec 2023R407.8bR361.1bR37.9b10.8x10.7x1.1x
Wed, 22 Nov 2023R380.1bR361.1bR37.9b10.1x10x1.1x
Fri, 20 Oct 2023R390.8bR342.0bR37.3b10.6x10.5x1.1x
Sun, 17 Sep 2023R427.5bR342.0bR37.3b11.6x11.5x1.2x
Tue, 15 Aug 2023R465.7bR326.2bR36.1b12.9x12.9x1.4x
Thu, 13 Jul 2023R471.8bR326.2bR36.1b13.1x13.1x1.4x
Sat, 10 Jun 2023R473.2bR326.2bR36.1b13.1x13.1x1.5x
Mon, 08 May 2023R446.9bR313.6bR35.7b12.7x12.5x1.4x
Price to Earnings Ratio

12.5x


Total Market Cap: R446.9bTotal Earnings: R35.7bTotal Revenue: R313.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Wireless Telecom Industry Price to Earnings3Y Average 31.1x202420252026
Current Industry PE
  • Investors are pessimistic on the South African Wireless Telecom industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.2x which is lower than its 3-year average PE of 31.1x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Wireless Telecom industry have grown 7.9% per year over the last three years.
  • Revenues for these companies have grown 8.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the South African Telecom industry?

ZA Market-1.02%
Telecom-0.43%
Wireless Telecom-0.56%
Wireless Telecom Services-0.56%
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?

CompanyLast Price7D1YValuation
MTN MTN GroupR209.001.2%
+R4.5b		71.4%PE18.9x
CCD Cell C HoldingsR26.002.8%
+R244.8m		n/aPE1.6x

Latest News

MTN
R209.00
MTN Group
7D
1.2%
1Y
71.4%

MTN: Lower Discount Rate And Higher Margins Will Support Repriced Earnings Multiple

Narrative Update on MTN Group The analyst price target for MTN Group has been raised from ZAR230 to ZAR280, with analysts pointing to a lower discount rate, a higher projected profit margin of 20.64%, and a reduced future P/E assumption of 10.53 as key drivers of the revision. Analyst Commentary Bullish analysts initiating coverage on MTN Group with a positive stance are broadly aligned with the recent increase in the price target to ZAR280.
VOD
R141.31
Vodacom Group
7D
-3.0%
1Y
3.4%

VOD: Neutral UBS Initiation And Margin Risks Will Likely Cap Upside

Analysts keep their ZAR fair value estimate steady at ZAR130.00 for Vodacom Group, pointing to slightly lower revenue growth expectations, a modestly higher profit margin outlook, and a marginally lower future P/E assumption, supported by recent neutral initiation commentary from UBS and peers. Analyst Commentary Recent neutral commentary highlights a mixed setup for Vodacom Group, with the ZAR130.00 fair value estimate held steady but framed by a cautious tone on revenue growth, margins, and the future P/E assumption.