MTN Group Limited

OTCPK:MTNO.F Stock Report

Market Cap: US$11.1b

MTN Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

Discounted Cash Flow
Simply Wall St
US$12.87
Fair Value
61.9% undervalued intrinsic discount
10
Number of Analysts

Below Fair Value: MTNO.F ($4.9) is trading below our estimate of fair value ($12.87)

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 Ratio1x
SalesR199.16b
Market CapR207.73b

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
1.4x0.7%US$5.4b
TIGO Millicom International Cellular
0.8x1.9%US$4.5b
TDS Telephone and Data Systems
0.8x-1.8%US$4.0b
VEON VEON
0.8x7.5%US$3.2b
MTNO.F MTN Group
1x7.7%US$207.7b

Price-To-Sales vs Peers: MTNO.F is expensive based on its Price-To-Sales Ratio (1x) 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
0.1x4.8%US$38.95m
TIOG Tingo Group
0.002xn/aUS$5.54m
No more companies available in this PS range
MTNO.F 1.0xIndustry Avg. 1.4xNo. 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 (1x) compared to the Global Wireless Telecom industry average (1.4x).

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 Ratio1x
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$6.16
0%
18.8%US$7.49US$3.91n/a10
Jan ’26n/a
US$5.85
0%
17.4%US$7.34US$4.12n/a10
Dec ’25US$4.15
US$5.69
+37.2%
16.6%US$7.14US$4.01n/a11
Nov ’25US$4.80
US$5.89
+22.7%
17.5%US$7.39US$4.15n/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$5.50US$4.1510
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
Analyst Price Target
Consensus Narrative from 10 Analysts
US$4.90
Fair Value
0% overvalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/03 00:05
End of Day Share Price 2025/01/14 00:00
Earnings2024/06/30
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 Group Limited is covered by 26 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jonathan BradleyAbsa Bank Limited
Niel VenterAbsa Bank Limited
Sameera CassimAfrifocus Securities (Pty) Ltd.