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MTN Nigeria Communications NGSE:MTNN Stock Report

Last Price


Market Cap







26 May, 2023


Company Financials +

MTN Nigeria Communications PLC

NGSE:MTNN Stock Report

Mkt Cap: ₦4.7t

MTNN Stock Overview

MTN Nigeria Communications PLC provides broadband fixed wireless access, telecommunication, and mobile financial services in Nigeria.

MTNN fundamental analysis
Snowflake Score
Future Growth5/6
Past Performance2/6
Financial Health3/6

My Notes

Capture your thoughts, links and company narrative

MTN Nigeria Communications PLC Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MTN Nigeria Communications
Historical stock prices
Current Share Price₦232.50
52 Week High₦249.50
52 Week Low₦185.00
1 Month Change1.09%
3 Month Change-5.10%
1 Year Change-1.90%
3 Year Change100.43%
5 Year Changen/a
Change since IPO94.15%

Recent News & Updates

Recent updates

Shareholder Returns

MTNNNG Wireless TelecomNG Market

Return vs Industry: MTNN exceeded the NG Wireless Telecom industry which returned -21.3% over the past year.

Return vs Market: MTNN underperformed the NG Market which returned 4.6% over the past year.

Price Volatility

Is MTNN's price volatile compared to industry and market?
MTNN volatility
MTNN Average Weekly Movement3.9%
Wireless Telecom Industry Average Movement6.4%
Market Average Movement5.7%
10% most volatile stocks in NG Market8.5%
10% least volatile stocks in NG Market2.8%

Stable Share Price: MTNN is less volatile than 75% of NG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: MTNN's weekly volatility (4%) has been stable over the past year.

About the Company

20001,675Karl Toriola

MTN Nigeria Communications PLC provides broadband fixed wireless access, telecommunication, and mobile financial services in Nigeria. It offers mobile telecommunications services, such as network, value added, and digital services. The company’s network services include voice, data, and SMS; value added services comprise airtime lending, mobile money, subscriber identification module back up services, and voice-based services; and digital services consists of unstructured supplementary service data, interactive voice response, rich media, insurance, and e-commerce services.

MTN Nigeria Communications PLC Fundamentals Summary

How do MTN Nigeria Communications's earnings and revenue compare to its market cap?
MTNN fundamental statistics
Market Cap₦4.70t
Earnings (TTM)₦365.20b
Revenue (TTM)₦2.11t


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MTNN income statement (TTM)
Cost of Revenue₦442.95b
Gross Profit₦1.67t
Other Expenses₦1.30t

Last Reported Earnings

Mar 31, 2023

Next Earnings Date


Earnings per share (EPS)17.97
Gross Margin79.00%
Net Profit Margin17.31%
Debt/Equity Ratio179.0%

How did MTNN perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio