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Updated 6h ago
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Safaricom PLCNASE:SCOM Stock Report

Market Cap KSh1.4t
Updated 6h ago
Share Price
n/a
1Y23.0%
7D0.3%
1D0.3%
Portfolio Value
​
View

Safaricom PLC

NASE:SCOM Stock Report

Market Cap: KSh1.4t

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Safaricom (SCOM) Stock Overview

Provides telecommunication services in Kenya and Ethiopia. More details

SCOM fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance5/6
Financial Health3/6
Dividends3/6

Rewards

Earnings are forecast to grow 16.37% per year

Earnings have grown 3.8% per year over the past 5 years

Risk Analysis

Dividend of 6.52% is not well covered by free cash flows


SCOM Community Fair Values

Create Narrative

See what 193 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
15.5% undervalued intrinsic discount
AnalystConsensusTarget
•16d ago

Fintech Expansion And Rising Data Usage Are Expected To Drive Long-Term Upside

559
0
26
AN
AnalystHighTarget
29.4% undervalued intrinsic discount
AnalystHighTarget
•2d ago

Fintech And AI Expansion Will Transform Long Term Earnings Power

343
0
18
AN
AnalystLowTarget
2.9% overvalued intrinsic discount
AnalystLowTarget
•1mo ago

Rising Competition And Regulation Will Pressure Mobile Money Margins Over The Coming Years

176
1
7

Top Community Narratives

TI
108.4% overvalued intrinsic discount
Titotnk
•7mo ago

Safaricom: Why I'm Holding Long

919
0
42
PA
PapaDanico001
14.8% overvalued intrinsic discount
PapaDanico001
•1y ago

Safaricom Set for Impressive 40% Revenue Growth in the Coming Years

64
0
4

Top Community Narratives

Top Analyst Narratives

TI
108.4% overvalued intrinsic discount
Titotnk
•7mo ago

Safaricom: Why I'm Holding Long

919
0
42
AN
AnalystConsensusTarget
15.5% undervalued intrinsic discount
AnalystConsensusTarget
•16d ago

Fintech Expansion And Rising Data Usage Are Expected To Drive Long-Term Upside

559
0
26
PA
PapaDanico001
14.8% overvalued intrinsic discount
PapaDanico001
•1y ago

Safaricom Set for Impressive 40% Revenue Growth in the Coming Years

64
0
4
AN
AnalystHighTarget
29.4% undervalued intrinsic discount
AnalystHighTarget
•2d ago

Fintech And AI Expansion Will Transform Long Term Earnings Power

343
0
18
AN
AnalystLowTarget
2.9% overvalued intrinsic discount
AnalystLowTarget
•1mo ago

Rising Competition And Regulation Will Pressure Mobile Money Margins Over The Coming Years

176
1
7
View all narratives

Safaricom PLC Competitors

Far EasTone Telecommunications

Symbol: TWSE:4904
Market cap: NT$385.8b

Taiwan Mobile

Symbol: TWSE:3045
Market cap: NT$375.8b

Mobile Telecommunications Company K.S.C.P

Symbol: KWSE:ZAIN
Market cap: د.ك2.6b

Etihad Etisalat

Symbol: SASE:7020
Market cap: ر.س49.6b

Price History & Performance

Summary of share price highs, lows and changes for Safaricom
Historical stock prices
Current Share PriceKSh35.30
52 Week HighKSh39.50
52 Week LowKSh25.80
Beta0.61
1 Month Change-2.75%
3 Month Change8.12%
1 Year Change23.00%
3 Year Change135.33%
5 Year Change-15.55%
Change since IPO380.27%

Recent News & Updates

User avatar
Narrative Update • Sep 17

SCOM: Increased Vodafone Stake Will Support Stronger Long Term Earnings Power

Analysts have raised their Safaricom price target from KES 45.00 to KES 50.00, citing updated assumptions that include a lower discount rate, higher forecast revenue growth, slightly stronger profit margins and a marginally higher future P/E multiple. What’s in the News for Safaricom No recent Safaricom specific news items were available from the provided primary sources as of 17 Sep 2026.
User avatar
Narrative Update • Sep 03

SCOM: Higher Margins And Stable P/E Will Support Earnings Profile

Analysts have raised their Safaricom price target from KES 40.22 to KES 41.79 as they factor in updated assumptions for revenue growth, profit margins and future P/E expectations. What’s in the News for Safaricom No recent Safaricom specific news items have been identified in the primary feeds as of 1 Sep 2026.
User avatar
Narrative Update • Aug 07

SCOM: Lower Discount Rate And Higher Future P/E Will Support Earnings Profile

Analysts have lifted the Safaricom fair value estimate to KES 40.22 from KES 38.46, citing an adjusted discount rate and updated assumptions on revenue growth, profit margin and future P/E as the key drivers of the new price target. What’s in the News for Safaricom No recent Safaricom specific news items were available from the provided primary or secondary sources as at 6 Aug 2026.
User avatar
Narrative Update • Jul 24

SCOM: Higher Margins And Ownership Shift Will Support Balanced Return Outlook

Analysts have lifted their Safaricom price target from KES 24.80 to KES 34.30, citing updated assumptions that combine slightly lower revenue growth expectations with higher projected profit margins and a modestly higher future P/E multiple. What's in the News for Safaricom Vodafone Kenya Limited agreed to acquire an additional 15% stake in Safaricom from the Government of Kenya for cash consideration of KES 204 billion, valuing the 20% economic interest in Safaricom at KES 34 per share.

Recent updates

User avatar
Narrative Update • Sep 17

SCOM: Increased Vodafone Stake Will Support Stronger Long Term Earnings Power

Analysts have raised their Safaricom price target from KES 45.00 to KES 50.00, citing updated assumptions that include a lower discount rate, higher forecast revenue growth, slightly stronger profit margins and a marginally higher future P/E multiple. What’s in the News for Safaricom No recent Safaricom specific news items were available from the provided primary sources as of 17 Sep 2026.
User avatar
Narrative Update • Sep 03

SCOM: Higher Margins And Stable P/E Will Support Earnings Profile

Analysts have raised their Safaricom price target from KES 40.22 to KES 41.79 as they factor in updated assumptions for revenue growth, profit margins and future P/E expectations. What’s in the News for Safaricom No recent Safaricom specific news items have been identified in the primary feeds as of 1 Sep 2026.
User avatar
Narrative Update • Aug 07

SCOM: Lower Discount Rate And Higher Future P/E Will Support Earnings Profile

Analysts have lifted the Safaricom fair value estimate to KES 40.22 from KES 38.46, citing an adjusted discount rate and updated assumptions on revenue growth, profit margin and future P/E as the key drivers of the new price target. What’s in the News for Safaricom No recent Safaricom specific news items were available from the provided primary or secondary sources as at 6 Aug 2026.
User avatar
Narrative Update • Jul 24

SCOM: Higher Margins And Ownership Shift Will Support Balanced Return Outlook

Analysts have lifted their Safaricom price target from KES 24.80 to KES 34.30, citing updated assumptions that combine slightly lower revenue growth expectations with higher projected profit margins and a modestly higher future P/E multiple. What's in the News for Safaricom Vodafone Kenya Limited agreed to acquire an additional 15% stake in Safaricom from the Government of Kenya for cash consideration of KES 204 billion, valuing the 20% economic interest in Safaricom at KES 34 per share.
User avatar
Narrative Update • Jul 10

SCOM: Increased Vodafone Stake Will Support Stronger Long Term Earnings Power

Analysts have raised their fair value estimate for Safaricom from KES 43.00 to KES 45.00, citing updated assumptions that include slightly lower discount rates, modestly stronger revenue growth, a marginally higher profit margin outlook, and a reduced future P/E multiple. What's in the News for Safaricom Vodafone Kenya Limited agreed to acquire an additional 15% stake in Safaricom from the Government of Kenya for cash consideration of KES 204b, valuing the 20% economic interest in Safaricom at the equivalent of KES 34 per share.
User avatar
Narrative Update • Jun 26

SCOM: Higher Margin Outlook Will Support Stronger Future Earnings Profile

Analysts have raised their KES fair value estimate for Safaricom to approximately KES 38.46 from about KES 33.31, reflecting updated assumptions that include a slightly lower discount rate, a revised revenue growth outlook, a higher profit margin profile, and a future P/E of roughly 19.80. What's in the News for Safaricom No recent Safaricom specific news items or periodical coverage are available in the provided sources as of 24 Jun 2026.
User avatar
New Narrative • Feb 14

Safaricom: Why I'm Holding Long

If you're investing in the Nairobi Securities Exchange and don't own Safaricom, you need to seriously rethink your portfolio. This isn't hype — it's the closest thing we have to a blue-chip monopoly on the NSE, and the numbers back it up.

Shareholder Returns

SCOMKE Wireless TelecomKE Market
7D0.3%0.2%-2.5%
1Y23.0%41.8%39.6%

Return vs Industry: SCOM underperformed the KE Wireless Telecom industry which returned 41.8% over the past year.

Return vs Market: SCOM underperformed the KE Market which returned 39.6% over the past year.

Price Volatility

Is SCOM's price volatile compared to industry and market?
SCOM volatility
SCOM Average Weekly Movement2.8%
Wireless Telecom Industry Average Movement3.9%
Market Average Movement4.8%
10% most volatile stocks in KE Market8.1%
10% least volatile stocks in KE Market2.9%

Stable Share Price: SCOM has not had significant price volatility in the past 3 months compared to the KE market.

Volatility Over Time: SCOM's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19976,616Peter Ndegwawww.safaricom.co.ke

Safaricom PLC provides telecommunication services in Kenya and Ethiopia. The company offers voice, mobile and fixed data, messaging (SMS), and M-PESA financial services, as well as internet for business; internet of things; mobile incoming; fixed broadband for home and businesses; and content enabled. It also provides managed and cloud services; hosting solutions; fixed services; Kifaru Net; and value-added services, such as Skiza Tunes, a ringback tunes service; Bonga points, a loyalty points programme; Stori Ibambe, a platform for mobile content creators; and device products.

Safaricom PLC Fundamentals Summary

How do Safaricom's earnings and revenue compare to its market cap?
SCOM fundamental statistics
Market capKSh1.41t
Earnings (TTM)KSh95.61b
Revenue (TTM)KSh423.87b
14.8x
P/E Ratio
3.3x
P/S Ratio

Is SCOM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SCOM income statement (TTM)
RevenueKSh423.87b
Cost of RevenueKSh109.31b
Gross ProfitKSh314.55b
Other ExpensesKSh218.94b
EarningsKSh95.61b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Nov 05, 2026

Earnings per share (EPS)2.39
Gross Margin74.21%
Net Profit Margin22.56%
Debt/Equity Ratio47.3%

How did SCOM perform over the long term?

See historical performance and comparison

Dividends

6.5%
Current Dividend Yield
84%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/19 19:59
End of Day Share Price 2026/09/18 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 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

Safaricom PLC is covered by 14 analysts. 6 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
Sarah WangaAIB-AXYS Africa Limited
null nullAIB-AXYS Africa Limited

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