Safaricom PLC

NASE:SCOM Stock Report

Market Cap: KSh1.4t

Safaricom Management

Management criteria checks 4/4

Safaricom's CEO is Peter Ndegwa, appointed in Apr 2020, has a tenure of 6.33 years. total yearly compensation is KES324.50M, comprised of 32.5% salary and 67.5% bonuses, including company stock and options. directly owns 0.022% of the company’s shares, worth KES310.35M. The average tenure of the management team and the board of directors is 3.5 years and 3 years respectively.

Key information

Peter Ndegwa

Chief executive officer

KSh324.5m

Total compensation

CEO salary percentage32.48%
CEO tenure6.3yrs
CEO ownership0.02%
Management average tenure3.5yrs
Board average tenure3yrs

Recent management updates

Recent updates

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.
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.
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.
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.
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.

CEO Compensation Analysis

How has Peter Ndegwa's remuneration changed compared to Safaricom's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026KSh325mKSh105m

KSh96b

Dec 31 2025n/an/a

KSh90b

Sep 30 2025n/an/a

KSh84b

Jun 30 2025n/an/a

KSh77b

Mar 31 2025KSh294mKSh99m

KSh70b

Dec 31 2024n/an/a

KSh63b

Sep 30 2024n/an/a

KSh57b

Jun 30 2024n/an/a

KSh60b

Mar 31 2024KSh252mKSh94m

KSh63b

Dec 31 2023n/an/a

KSh63b

Sep 30 2023n/an/a

KSh63b

Jun 30 2023n/an/a

KSh63b

Mar 31 2023KSh313mKSh95m

KSh62b

Dec 31 2022n/an/a

KSh64b

Sep 30 2022n/an/a

KSh66b

Jun 30 2022n/an/a

KSh68b

Mar 31 2022KSh289mKSh89m

KSh70b

Dec 31 2021n/an/a

KSh71b

Sep 30 2021n/an/a

KSh73b

Jun 30 2021n/an/a

KSh71b

Mar 31 2021KSh202mKSh102m

KSh69b

Compensation vs Market: Peter's total compensation ($USD2.51M) is about average for companies of similar size in the KE market ($USD3.01M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.

CEO

Peter Ndegwa (57 yo)

6.3yrs
Tenure
KSh324,500,000
Compensation

Dr. Peter Waititu Ndegwa,C P.A., CBS, has been Executive Director of Safaricom PLC since April 1, 2020 and served as its Chief Executive Officer since April 1, 2020 until March 2025 and serves as its Group...

Leadership Team

NamePositionTenureCompensationOwnership
Peter Ndegwa
Group CEO & Executive Director6.3yrsKSh324.50m0.022%
KES 310.4m
Dilip Pal
Group Chief Finance & Innovation Officer5.8yrsKSh147.50m0.0055%
KES 78.8m
James Maitai
Group Chief Technology & Information Officer1.8yrsno datano data
Caroline Wambugu
Head of Finance4.7yrsno datano data
Nyokabi Florence
Group Chief People Officerno datano datano data
Nicholas Mulila
Group Chief Risk Officer8.6yrsno datano data
Stephen Chege
Group Chief Corporate & External Affairs Officer11.3yrsno datano data
Fawzia Ali-Kimanthi
Chief Consumer Business Officer3.4yrsno datano data
Esther Waititu
Chief Financial Services Officer3.5yrsno datano data
Wim Vanhelleputte
Chief Executive Officer of Ethiopia Business2.9yrsno datano data
Andualem Admassie
Chief External Affairs Officer of Ethiopia1.8yrsno datano data
Ken Kaberia
Chief Risk & Compliance Officer of Ethiopia1.8yrsno datano data
3.5yrs
Average Tenure
55yo
Average Age

Experienced Management: SCOM's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Peter Ndegwa
Group CEO & Executive Director6.3yrsKSh324.50m0.022%
KES 310.4m
Mohamed Shameel Joosub
Non-Executive Director9yrsKSh6.70mno data
Raisibe Morathi
Non-Executive Director5.8yrsKSh6.70mno data
James Wambugu
Independent Non-Executive Director1.3yrsKSh7.20mno data
Rita Kavashe
Independent Non-Executive Director1.3yrsKSh6.40mno data
Adil Khawaja
Chairman of the Board3.7yrsKSh15.60mno data
Lawrence Kibet
Non-Executive Director1.3yrsKSh1.50mno data
Murielle Lorilloux
Non-Executive Director3yrsKSh5.40mno data
John Mosonik
Non-Executive Director3.5yrsKSh7.00mno data
James Ludlow
Non-Executive Director2yrsKSh6.60mno data
Edward Okaro
Independent Non-Executive Director1.6yrsKSh6.70mno data
3.0yrs
Average Tenure
56.5yo
Average Age

Experienced Board: SCOM's board of directors are considered experienced (3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/12 10:27
End of Day Share Price 2026/08/12 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
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

Safaricom PLC is covered by 14 analysts. 5 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