MTN Group Limited

OTCPK:MTNO.F Stock Report

Market Cap: US$8.1b

MTN Group Valuation

Is MTNO.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MTNO.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MTNO.F ($4.8) is trading below our estimate of fair value ($17.13)

Significantly Below Fair Value: MTNO.F is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MTNO.F?

Key metric: As MTNO.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MTNO.F. This is calculated by dividing MTNO.F's market cap by their current revenue.
What is MTNO.F's PS Ratio?
PS Ratio0.7x
SalesR199.16b
Market CapR148.24b

Price to Sales Ratio vs Peers

How does MTNO.F's PS Ratio compare to its peers?

The above table shows the PS ratio for MTNO.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
USM United States Cellular
1.4x0.9%US$5.3b
TIGO Millicom International Cellular
0.8x2.1%US$4.6b
TDS Telephone and Data Systems
0.7x-1.8%US$3.5b
VEON VEON
0.6x7.7%US$2.4b
MTNO.F MTN Group
0.7x7.5%US$148.2b

Price-To-Sales vs Peers: MTNO.F is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does MTNO.F's PS Ratio compare vs other companies in the US Wireless Telecom Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
KORE KORE Group Holdings
0.1x4.6%US$33.97m
TIOG Tingo Group
0.0005xn/aUS$125.98k
No more companies available in this PS range
MTNO.F 0.7xIndustry Avg. 1.3xNo. of Companies5PS00.81.62.43.24+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MTNO.F is good value based on its Price-To-Sales Ratio (0.7x) compared to the Global Wireless Telecom industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is MTNO.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MTNO.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MTNO.F's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MTNO.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$5.67
0%
17.5%US$7.11US$3.99n/a11
Nov ’25US$4.80
US$5.88
+22.5%
17.5%US$7.37US$4.14n/a11
Oct ’25n/a
US$6.20
0%
14.8%US$7.52US$4.46n/a11
Sep ’25n/a
US$5.98
0%
17.2%US$7.85US$4.32n/a11
Aug ’25n/a
US$5.80
0%
16.6%US$7.65US$4.21n/a12
Jul ’25n/a
US$5.84
0%
17.0%US$7.65US$4.37n/a12
Jun ’25US$4.39
US$5.84
+33.0%
17.0%US$7.65US$4.37n/a12
May ’25n/a
US$5.67
0%
15.2%US$6.91US$4.25n/a12
Apr ’25US$4.96
US$5.84
+17.9%
15.4%US$6.86US$4.22n/a12
Mar ’25US$4.35
US$6.53
+50.2%
26.6%US$10.36US$4.15n/a11
Feb ’25US$5.07
US$7.41
+46.3%
19.7%US$10.65US$6.07n/a10
Jan ’25US$6.27
US$7.66
+22.1%
18.1%US$10.67US$5.49n/a10
Dec ’24US$5.35
US$7.62
+42.5%
18.8%US$10.69US$5.50n/a10
Nov ’24n/a
US$7.75
0%
18.6%US$10.80US$5.56US$4.8010
Oct ’24US$6.06
US$8.56
+41.2%
23.7%US$13.32US$6.07n/a9
Sep ’24US$6.65
US$8.47
+27.4%
23.7%US$13.17US$6.01n/a9
Aug ’24n/a
US$9.31
0%
22.7%US$14.20US$6.47n/a10
Jul ’24n/a
US$8.93
0%
21.4%US$13.31US$6.07n/a10
Jun ’24US$6.25
US$8.64
+38.2%
21.7%US$12.72US$5.80US$4.3910
May ’24n/a
US$9.66
0%
20.1%US$13.76US$6.66n/a9
Apr ’24US$7.55
US$9.73
+28.8%
20.0%US$13.77US$6.67US$4.969
Mar ’24n/a
US$9.98
0%
18.4%US$14.00US$6.77US$4.3510
Feb ’24n/a
US$10.53
0%
18.6%US$14.60US$7.07US$5.0710
Jan ’24US$7.55
US$10.81
+43.2%
20.1%US$14.71US$7.12US$6.2710
Dec ’23US$8.00
US$10.81
+35.2%
20.1%US$14.71US$7.12US$5.3510
Nov ’23n/a
US$10.85
0%
20.4%US$14.30US$6.92n/a8

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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