MTN Group Future Growth

Future criteria checks 3/6

MTN Group is forecast to grow earnings and revenue by 71.7% and 7.5% per annum respectively. EPS is expected to grow by 75.8% per annum. Return on equity is forecast to be 13.4% in 3 years.

Key information

71.7%

Earnings growth rate

75.8%

EPS growth rate

Wireless Telecom earnings growth	13.2%
Revenue growth rate	7.5%
Future return on equity	13.4%
Analyst coverage	Good
Last updated	11 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:MTNO.F - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	230,549	19,731	31,789	75,486	10
12/31/2025	206,151	15,923	29,658	67,788	11
12/31/2024	188,847	12,451	23,479	63,702	11
6/30/2024	199,158	-7,439	8,950	48,796	N/A
3/31/2024	210,231	-1,673	13,556	56,427	N/A
12/31/2023	221,304	4,092	18,161	64,058	N/A
9/30/2023	222,059	7,070	24,527	67,058	N/A
6/30/2023	222,813	15,141	30,893	70,058	N/A
3/31/2023	214,928	17,089	26,915	69,090	N/A
12/31/2022	207,042	19,037	22,937	68,121	N/A
9/30/2022	199,489	19,076	22,480	66,937	N/A
6/30/2022	191,936	19,114	22,022	65,752	N/A
3/31/2022	186,791	16,432	27,042	66,519	N/A
12/31/2021	181,646	13,750	32,061	67,286	N/A
9/30/2021	182,107	10,664	32,432	67,270	N/A
6/30/2021	182,568	7,578	32,802	67,254	N/A
3/31/2021	181,014	12,300	30,568	62,884	N/A
12/31/2020	179,460	17,022	28,333	58,513	N/A
9/30/2020	171,256	16,835	N/A	N/A	N/A
6/30/2020	163,052	16,647	17,865	44,675	N/A
3/31/2020	157,256	12,874	13,557	40,482	N/A
12/31/2019	151,460	9,100	9,249	36,289	N/A
9/30/2019	147,874	9,004	6,456	34,593	N/A
6/30/2019	144,288	8,908	3,662	32,896	N/A
3/31/2019	139,424	8,814	3,928	32,643	N/A
12/31/2018	134,560	8,719	4,193	32,389	N/A
9/30/2018	132,696	6,028	2,392	29,886	N/A
6/30/2018	130,831	3,337	591	27,382	N/A
3/31/2018	131,850	3,877	N/A	30,385	N/A
12/31/2017	132,869	4,416	N/A	33,387	N/A
9/30/2017	133,245	6,376	N/A	39,157	N/A
6/30/2017	133,620	8,335	N/A	44,926	N/A
3/31/2017	140,770	2,861	N/A	42,717	N/A
12/31/2016	147,920	-2,614	N/A	40,508	N/A
9/30/2016	144,797	101	N/A	37,892	N/A
6/30/2016	141,674	2,815	N/A	35,275	N/A
3/31/2016	136,769	11,510	N/A	35,952	N/A
12/31/2015	131,863	20,204	N/A	36,628	N/A
9/30/2015	137,669	25,397	N/A	40,949	N/A
6/30/2015	143,475	30,589	N/A	45,270	N/A
3/31/2015	145,203	31,334	N/A	46,465	N/A
12/31/2014	146,930	32,079	N/A	47,659	N/A
9/30/2014	145,625	29,700	N/A	N/A	N/A
6/30/2014	144,320	27,320	N/A	56,876	N/A
3/31/2014	140,795	27,036	N/A	50,044	N/A
12/31/2013	137,270	26,751	N/A	43,212	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MTNO.F is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).

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

High Growth Earnings: MTNO.F is expected to become profitable in the next 3 years.

Revenue vs Market: MTNO.F's revenue (7.5% per year) is forecast to grow slower than the US market (9% per year).

High Growth Revenue: MTNO.F's revenue (7.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MTNO.F's Return on Equity is forecast to be low in 3 years time (13.4%).

MTN Group Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

MTN Group Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2023

MTN Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021

Recent updates

MTN Group Limited Provides Dividend Guidance for the Fiscal 2024

MTN Group Limited to Report First Half, 2024 Results on Aug 19, 2024

MTN Group Announces Executive Appointments

MTN Group Limited, Annual General Meeting, May 24, 2024

MTN Group Limited to Report Fiscal Year 2023 Results on Mar 25, 2024

MTN Group Limited Announces Executive Changes

Mastercard Incorporated (NYSE:MA) signed a memorandum of understanding to acquire an unknown minority stake in Fintech Division of MTN Group Limited (JSE:MTN).

Mastercard Incorporated (NYSE:MA) signed a memorandum of understanding to acquire an unknown minority stake in Fintech Division of MTN Group Limited (JSE:MTN).

MTN Group Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2023

MTN Likely to Keep IHS Towers Stake for Now

MTN Group Limited Announces Election of Social, Ethics and Sustainability Committee Members

MTN Group Limited Appoints Nicky Newton-King as an Independent Non-Executive Director, Effective 1 January 2023

MTN Group Announces Executive Changes

MTN Group Appoints Willington Ngwepe as Chief of Staff of the Group President

MTN Group Limited to Report Q2, 2022 Results on Aug 11, 2022

MTN in Talks to Buy Telkom

IHS Holding Limited (NYSE:IHS) completed it's acquisition of a 70% stake in 5701 Towers of MTN Group from MTN Group Limited (JSE:MTN).

MTN Group Appoints Tumi Chamayou as Group Executive for Enterprise Business Unit, Effective 1 June 2022

MTN Group Limited Provides Earnings Guidance for the Year Ended 31 December 2021

MTN Group Limited to Report Fiscal Year 2020 Results on Mar 10, 2021

Proximus PLC (ENXTBR:PROX) signed an agreement to acquire remaining 42.4% stake in Belgacom International Carrier Services SA from Swisscom AG (SWX:SCMN) and MTN Group Limited (JSE:MTN) for approximately €220 million.

MTN to Sell-Off its Towers Business

MTN Group Limited Announces Changes to Regional Structure and the Group Executive Committee

MTN Group Limited Announces Management Changes

MTN Group Limited Announces Executive Changes

MTN Group Limited Not to Declare A 2020 Interim Dividend

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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