Airtel Africa Future Growth

Future criteria checks 5/6

Airtel Africa is forecast to grow earnings and revenue by 46.7% and 12.6% per annum respectively. EPS is expected to grow by 48.2% per annum. Return on equity is forecast to be 27.3% in 3 years.

Key information

46.7%

Earnings growth rate

48.2%

EPS growth rate

Wireless Telecom earnings growth	9.0%
Revenue growth rate	12.6%
Future return on equity	27.3%
Analyst coverage	Good
Last updated	17 Dec 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

BMV:AAF N - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	6,491	717	1,152	2,392	10
3/31/2026	5,766	562	1,040	1,919	11
3/31/2025	4,941	186	992	1,211	6
9/30/2024	4,743	-79	1,100	2,117	N/A
6/30/2024	4,780	12	1,162	2,093	N/A
3/31/2024	5,000	-165	1,230	2,259	N/A
12/31/2023	5,224	134	1,230	2,263	N/A
9/30/2023	5,336	312	1,015	2,339	N/A
6/30/2023	5,393	330	1,073	2,420	N/A
3/31/2023	5,268	663	948	2,229	N/A
12/31/2022	5,146	659	951	2,223	N/A
9/30/2022	5,015	642	1,195	2,100	N/A
6/30/2022	4,868	669	1,090	1,953	N/A
3/31/2022	4,724	631	1,272	2,011	N/A
12/31/2021	4,570	573	1,098	1,948	N/A
9/30/2021	4,383	513	981	1,844	N/A
6/30/2021	4,180	422	956	1,805	N/A
3/31/2021	3,919	339	751	1,666	N/A
12/31/2020	3,752	271	759	1,548	N/A
9/30/2020	3,604	266	714	1,508	N/A
6/30/2020	3,493	287	599	1,414	N/A
3/31/2020	3,439	370	576	1,387	N/A
12/31/2019	3,322	331	594	1,416	N/A
9/30/2019	3,224	374	519	1,267	N/A
6/30/2019	3,148	394	365	1,078	N/A
3/31/2019	3,103	388	378	1,071	N/A
3/31/2018	2,927	-138	N/A	831	N/A
3/31/2017	2,891	-630	N/A	421	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AAF N is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.1%).

Earnings vs Market: AAF N is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AAF N is expected to become profitable in the next 3 years.

Revenue vs Market: AAF N's revenue (12.6% per year) is forecast to grow faster than the MX market (7.2% per year).

High Growth Revenue: AAF N's revenue (12.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AAF N's Return on Equity is forecast to be high in 3 years time (27.3%)

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 17:43
End of Day Share Price	2024/11/19 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 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 Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 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 here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

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Analyst Sources

Airtel Africa Plc is covered by 17 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Linet Muriungi	Absa Bank Limited
Maurice Patrick	Barclays
Cesar Tiron	BofA Global Research