Airtel Africa Plc

LSE:AAF Stock Report

Market Cap: UK£6.0b

Airtel Africa Future Growth

Future criteria checks 5/6

Airtel Africa is forecast to grow earnings and revenue by 30.9% and 12.9% per annum respectively. EPS is expected to grow by 30.9% per annum. Return on equity is forecast to be 35.5% in 3 years.

Key information

30.9%

Earnings growth rate

30.86%

EPS growth rate

Wireless Telecom earnings growth9.8%
Revenue growth rate12.9%
Future return on equity35.55%
Analyst coverage

Good

Last updated12 May 2025

Recent future growth updates

Airtel Africa Plc (LON:AAF) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Feb 02
Airtel Africa Plc (LON:AAF) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Recent updates

author-image

Expanding Mobile Money And 4G Will Brighten Nigeria Telecom Outlook

Apr 30 Strong revenue growth driven by increased smartphone penetration and mobile money customer base expansion, with strategic investments in 4G and network improvements.

We Like These Underlying Return On Capital Trends At Airtel Africa (LON:AAF)

Mar 27
We Like These Underlying Return On Capital Trends At Airtel Africa (LON:AAF)

Airtel Africa Plc (LON:AAF) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Feb 02
Airtel Africa Plc (LON:AAF) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Many Still Looking Away From Airtel Africa Plc (LON:AAF)

Jan 08
Many Still Looking Away From Airtel Africa Plc (LON:AAF)

Returns on Capital Paint A Bright Future For Airtel Africa (LON:AAF)

Oct 06
Returns on Capital Paint A Bright Future For Airtel Africa (LON:AAF)

Fewer Investors Than Expected Jumping On Airtel Africa Plc (LON:AAF)

Sep 09
Fewer Investors Than Expected Jumping On Airtel Africa Plc (LON:AAF)

Should You Think About Buying Airtel Africa Plc (LON:AAF) Now?

Aug 22
Should You Think About Buying Airtel Africa Plc (LON:AAF) Now?

Airtel Africa (LON:AAF) Is Very Good At Capital Allocation

Jun 24
Airtel Africa (LON:AAF) Is Very Good At Capital Allocation

Earnings and Revenue Growth Forecasts

LSE:AAF - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20287,568966967N/A2
3/31/20276,5438221,2501,9137
3/31/20265,782428N/A1,6638
3/31/20254,9772201,4072,266N/A
12/31/20244,776601,1892,116N/A
9/30/20244,743-791,1002,117N/A
6/30/20244,780121,1622,093N/A
3/31/20245,000-1651,2302,259N/A
12/31/20235,2241341,2512,284N/A
9/30/20235,3363121,0152,339N/A
6/30/20235,3933301,0732,420N/A
3/31/20235,2686639482,229N/A
12/31/20225,1466599512,223N/A
9/30/20225,0156421,1952,100N/A
6/30/20224,8686691,0901,953N/A
3/31/20224,7246311,2722,011N/A
12/31/20214,5705731,0981,948N/A
9/30/20214,3835139811,844N/A
6/30/20214,1804229561,805N/A
3/31/20213,9193397511,666N/A
12/31/20203,7522717591,548N/A
9/30/20203,6042667141,508N/A
6/30/20203,4932875991,414N/A
3/31/20203,4393705761,387N/A
12/31/20193,3223315941,416N/A
9/30/20193,2243745191,267N/A
6/30/20193,1483943651,078N/A
3/31/20193,1033883781,071N/A
3/31/20182,927-138N/A831N/A
3/31/20172,891-630N/A421N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAF's forecast earnings growth (30.9% per year) is above the savings rate (2.3%).

Earnings vs Market: AAF's earnings (30.9% per year) are forecast to grow faster than the UK market (14.1% per year).

High Growth Earnings: AAF's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AAF's revenue (12.9% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: AAF's revenue (12.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AAF's Return on Equity is forecast to be high in 3 years time (35.5%)

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/12 22:24
End of Day Share Price 2025/05/12 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

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

Airtel Africa Plc is covered by 16 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Linet MuriungiAbsa Bank Limited
Maurice PatrickBarclays
Cesar TironBofA Global Research