We’ve recently updated our valuation analysis.

MTN Group Valuation

Is LL6 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LL6?

Other financial metrics that can be useful for relative valuation.

LL6 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.8x
Enterprise Value/EBITDA4.2x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does LL6's PE Ratio compare to its peers?

The above table shows the PE ratio for LL6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average27.9x
1U1 1&1
6.7x-1.3%€2.4b
FNTN freenet
20.1x33.9%€2.5b
VTWR Vantage Towers
46.3x8.5%€16.5b
O2D Telefónica Deutschland Holding
39.1x34.1%€6.7b
LL6 MTN Group
12.8x17.3%€245.5b

Price-To-Earnings vs Peers: LL6 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the peer average (27.9x).


Price to Earnings Ratio vs Industry

How does LL6's PE Ratio compare vs other companies in the Global Wireless Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a5.6%
n/an/an/a

Price-To-Earnings vs Industry: LL6 is good value based on its Price-To-Earnings Ratio (12.8x) compared to the Global Wireless Telecom industry average (15.2x)


Price to Earnings Ratio vs Fair Ratio

What is LL6's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LL6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.8x
Fair PE Ratio10.9x

Price-To-Earnings vs Fair Ratio: LL6 is expensive based on its Price-To-Earnings Ratio (12.8x) compared to the estimated Fair Price-To-Earnings Ratio (10.9x).


Share Price vs Fair Value

What is the Fair Price of LL6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LL6 (€7.6) is trading above our estimate of fair value (€6.44)

Significantly Below Fair Value: LL6 is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LL6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.60
€10.45
+37.5%
20.1%€14.21€6.88n/a10
Nov ’23€7.25
€10.59
+46.1%
20.4%€13.97€6.76n/a8
Oct ’23€6.75
€10.86
+60.8%
20.4%€14.31€6.93n/a8
Sep ’23€7.30
€11.20
+53.4%
20.4%€14.69€7.11n/a8
Aug ’23€8.35
€11.21
+34.2%
22.8%€14.31€6.87n/a8
Jul ’23€7.60
€12.47
+64.1%
20.4%€14.93€7.17n/a10
Jun ’23€9.95
€12.88
+29.4%
22.2%€16.79€7.19n/a10
May ’23€10.30
€12.90
+25.3%
22.3%€16.59€6.64n/a11
Apr ’23€11.90
€13.06
+9.8%
24.9%€17.23€6.89n/a11
Mar ’23€11.22
€10.82
-3.6%
26.7%€14.64€5.74n/a10
Feb ’23€10.91
€10.42
-4.5%
26.4%€13.97€5.01n/a10
Jan ’23€9.44
€8.70
-7.9%
22.8%€11.43€4.92n/a11
Dec ’22€9.26
€8.70
-6.0%
22.8%€11.43€4.92n/a11
Nov ’22€7.57
€7.99
+5.6%
20.7%€10.65€4.82€7.2510
Oct ’22€7.85
€7.72
-1.7%
20.8%€10.86€4.92€6.7510
Sep ’22€7.74
€7.04
-9.0%
21.6%€9.32€4.35€7.3011
Aug ’22€5.93
€6.48
+9.1%
16.8%€7.80€4.33€8.3511
Jul ’22€5.97
€6.28
+5.1%
17.6%€7.88€4.38€7.6011
Jun ’22€6.00
€5.94
-1.0%
17.8%€8.05€4.47€9.9511
May ’22€5.15
€5.52
+7.1%
15.0%€6.65€3.91€10.3011
Apr ’22€4.95
€5.26
+6.2%
17.5%€6.44€3.33€11.9010
Mar ’22€4.08
€4.64
+13.8%
12.4%€5.18€3.22€11.2211
Feb ’22€3.37
€4.64
+37.7%
12.4%€5.18€3.22€10.9111
Jan ’22€3.42
€4.56
+33.5%
12.3%€5.21€3.24€9.4411
Dec ’21€3.59
€4.56
+27.2%
12.3%€5.21€3.24€9.2611
Nov ’21€3.02
€4.28
+41.8%
13.9%€4.97€2.77€7.5711

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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