MTN Nigeria Communications PLC provides broadband fixed wireless access, telecommunication, and mobile financial services in Nigeria.
Price History & Performance
|Historical stock prices|
|Current Share Price||₦174.90|
|52 Week High||₦138.00|
|52 Week Low||₦183.00|
|1 Month Change||-0.057%|
|3 Month Change||6.00%|
|1 Year Change||24.93%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||46.05%|
Recent News & Updates
|MTNN||NG Wireless Telecom||NG Market|
Return vs Industry: MTNN underperformed the NG Wireless Telecom industry which returned 47.6% over the past year.
Return vs Market: MTNN underperformed the NG Market which returned 40% over the past year.
Stable Share Price: MTNN is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: MTNN's weekly volatility (2%) has been stable over the past year.
About the Company
MTN Nigeria Communications PLC provides broadband fixed wireless access, telecommunication, and mobile financial services in Nigeria. It offers mobile telecommunications services, including airtime and subscription, data, voice, digital, value added, and short message services; and interconnect and roaming services, as well as sells mobile handsets and accessories. The company also provides mobile money and rich media services.
MTN Nigeria Communications Fundamentals Summary
|MTNN fundamental statistics|
Is MTNN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MTNN income statement (TTM)|
|Cost of Revenue||₦320.22b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||12.39|
|Net Profit Margin||16.81%|
How did MTNN perform over the long term?See historical performance and comparison
6.0%Current Dividend Yield
Is MTN Nigeria Communications undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MTNN (NGN174.9) is trading above our estimate of fair value (NGN160.66)
Significantly Below Fair Value: MTNN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MTNN is good value based on its PE Ratio (14.1x) compared to the African Wireless Telecom industry average (19.9x).
PE vs Market: MTNN is poor value based on its PE Ratio (14.1x) compared to the NG market (7.5x).
Price to Earnings Growth Ratio
PEG Ratio: MTNN is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: MTNN is overvalued based on its PB Ratio (17.8x) compared to the XF Wireless Telecom industry average (4.1x).
How is MTN Nigeria Communications forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTNN's forecast earnings growth (25.5% per year) is above the savings rate (13.2%).
Earnings vs Market: MTNN's earnings (25.5% per year) are forecast to grow faster than the NG market (15.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MTNN's revenue (12.8% per year) is forecast to grow faster than the NG market (10.4% per year).
High Growth Revenue: MTNN's revenue (12.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MTNN's Return on Equity is forecast to be very high in 3 years time (115.2%).
How has MTN Nigeria Communications performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MTNN has high quality earnings.
Growing Profit Margin: MTNN's current net profit margins (16.8%) are higher than last year (16%).
Past Earnings Growth Analysis
Earnings Trend: MTNN's earnings have grown significantly by 20.6% per year over the past 5 years.
Accelerating Growth: MTNN's earnings growth over the past year (27%) exceeds its 5-year average (20.6% per year).
Earnings vs Industry: MTNN earnings growth over the past year (27%) exceeded the Wireless Telecom industry -6.8%.
Return on Equity
High ROE: Whilst MTNN's Return on Equity (126%) is outstanding, this metric is skewed due to their high level of debt.
How is MTN Nigeria Communications's financial position?
Financial Position Analysis
Short Term Liabilities: MTNN's short term assets (NGN562.2B) do not cover its short term liabilities (NGN884.5B).
Long Term Liabilities: MTNN's short term assets (NGN562.2B) do not cover its long term liabilities (NGN1,085.7B).
Debt to Equity History and Analysis
Debt Level: MTNN's debt to equity ratio (289%) is considered high.
Reducing Debt: MTNN's debt to equity ratio has reduced from 878.2% to 289% over the past 5 years.
Debt Coverage: MTNN's debt is well covered by operating cash flow (132.5%).
Interest Coverage: MTNN's interest payments on its debt are well covered by EBIT (4.4x coverage).
What is MTN Nigeria Communications's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MTNN's dividend (5.97%) is higher than the bottom 25% of dividend payers in the NG market (3.3%).
High Dividend: MTNN's dividend (5.97%) is low compared to the top 25% of dividend payers in the NG market (7.31%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MTNN has been paying a dividend for less than 10 years.
Growing Dividend: MTNN's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (84.4%), MTNN's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MTNN's dividends in 3 years are forecast to be covered by earnings (71.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Karl Toriola (49 yo)
Mr. Karl Olutokun Toriola serves as Chief Executive Officer of MTN Nigeria at MTN Group Limited since March 01, 2021. He is a Non- Executive Director of UAC of Nigeria PLC since January 1, 2020. He has bee...
Experienced Management: MTNN's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Experienced Board: MTNN's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MTN Nigeria Communications PLC's employee growth, exchange listings and data sources
- Name: MTN Nigeria Communications PLC
- Ticker: MTNN
- Exchange: NGSE
- Founded: 2000
- Industry: Wireless Telecommunication Services
- Sector: Telecom
- Market Cap: ₦3.560t
- Shares outstanding: 20.35b
- Website: https://www.mtnonline.com
Number of Employees
- MTN Nigeria Communications PLC
- MTN Plaza
- Awolowo Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 15:21|
|End of Day Share Price||2021/10/15 00:00|
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.