MTN Nigeria Communications PLC

NGSE:MTNN Stock Report

Market Cap: ₦3.7t

MTN Nigeria Communications Past Earnings Performance

Past criteria checks 0/6

MTN Nigeria Communications's earnings have been declining at an average annual rate of -43.9%, while the Wireless Telecom industry saw earnings declining at 0.1% annually. Revenues have been growing at an average rate of 19.8% per year.

Key information

-43.9%

Earnings growth rate

-43.9%

EPS growth rate

Wireless Telecom Industry Growth13.0%
Revenue growth rate19.8%
Return on equityn/a
Net Margin-20.7%
Next Earnings Update27 Feb 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How MTN Nigeria Communications makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGSE:MTNN Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 243,066,135-633,5211,081,8210
30 Jun 242,849,227-566,223955,1620
31 Mar 242,653,694-632,130783,4360
31 Dec 232,468,847-133,841676,0800
30 Sep 232,329,08666,781583,8410
30 Jun 232,220,92483,757523,0010
31 Mar 232,109,423362,176490,8630
31 Dec 222,012,272351,382460,5690
30 Sep 221,904,172348,681435,9480
30 Jun 221,813,121338,759420,9760
31 Mar 221,739,966321,739407,1840
31 Dec 211,654,299298,654389,3280
30 Sep 211,576,888281,287371,0690
30 Jun 211,499,579252,168349,8560
31 Mar 211,402,534226,876330,1580
31 Dec 201,346,390205,214310,1990
30 Sep 201,289,046198,299292,6800
30 Jun 201,240,913198,623356,8160
31 Mar 201,216,886206,559297,7440
31 Dec 191,169,831203,283247,3800
30 Sep 191,133,270179,87525,5780
30 Jun 191,102,527171,960-42,2990
31 Mar 191,074,120162,28472,5130
31 Dec 181,041,246145,68675,3090
31 Dec 17887,18081,070271,8110
01 Jan 17793,67388,800196,2160
31 Dec 15807,449-80,290150,3020
31 Dec 14824,807209,02793,0650

Quality Earnings: MTNN is currently unprofitable.

Growing Profit Margin: MTNN is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: MTNN is unprofitable, and losses have increased over the past 5 years at a rate of 43.9% per year.

Accelerating Growth: Unable to compare MTNN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MTNN is unprofitable, making it difficult to compare its past year earnings growth to the Wireless Telecom industry (-2.7%).

Return on Equity

High ROE: MTNN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 04:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

MTN Nigeria Communications PLC is covered by 8 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
null nullARM Research
Opeoluwa OluwaCordros Capital Ltd.