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MTN Group LimitedJSE:MTN Stock Report

Market Cap R365.7b
Share Price
R199.50
R216.25
7.7% undervalued intrinsic discount
1Y81.3%
7D-1.0%
Portfolio Value
View

MTN Group Limited

JSE:MTN Stock Report

Market Cap: R365.7b

MTN Group (MTN) Stock Overview

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa. More details

MTN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance2/6
Financial Health5/6
Dividends2/6

MTN Community Fair Values

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MTN Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for MTN Group
Historical stock prices
Current Share PriceR199.50
52 Week HighR213.98
52 Week LowR110.18
Beta0.97
1 Month Change4.15%
3 Month Change12.95%
1 Year Change81.31%
3 Year Change55.86%
5 Year Change119.30%
Change since IPO11,300.00%

Recent News & Updates

Recent updates

Is It Too Late To Consider Buying MTN Group Limited (JSE:MTN)?

Dec 12
Is It Too Late To Consider Buying MTN Group Limited (JSE:MTN)?

MTN Group Limited's (JSE:MTN) Price Is Right But Growth Is Lacking

Nov 24
MTN Group Limited's (JSE:MTN) Price Is Right But Growth Is Lacking

Should You Think About Buying MTN Group Limited (JSE:MTN) Now?

Sep 12
Should You Think About Buying MTN Group Limited (JSE:MTN) Now?

MTN Group's (JSE:MTN) Strong Earnings Are Of Good Quality

Aug 25
MTN Group's (JSE:MTN) Strong Earnings Are Of Good Quality

MTN Group Limited's (JSE:MTN) Subdued P/S Might Signal An Opportunity

Aug 14
MTN Group Limited's (JSE:MTN) Subdued P/S Might Signal An Opportunity

Should Shareholders Reconsider MTN Group Limited's (JSE:MTN) CEO Compensation Package?

May 22
Should Shareholders Reconsider MTN Group Limited's (JSE:MTN) CEO Compensation Package?

Here's Why MTN Group (JSE:MTN) Has A Meaningful Debt Burden

May 01
Here's Why MTN Group (JSE:MTN) Has A Meaningful Debt Burden
User avatar

Localization Progress In Uganda And Ghana Will Unlock Future Earnings

Strong growth in data and fintech services could positively impact MTN's revenue and boost net margins through high-margin products.

Shareholder Returns

MTNZA Wireless TelecomZA Market
7D-1.0%0.4%1.9%
1Y81.3%174.3%31.1%

Return vs Industry: MTN underperformed the ZA Wireless Telecom industry which returned 174.3% over the past year.

Return vs Market: MTN exceeded the ZA Market which returned 31.1% over the past year.

Price Volatility

Is MTN's price volatile compared to industry and market?
MTN volatility
MTN Average Weekly Movement5.3%
Wireless Telecom Industry Average Movement4.3%
Market Average Movement5.0%
10% most volatile stocks in ZA Market10.6%
10% least volatile stocks in ZA Market3.3%

Stable Share Price: MTN has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: MTN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994n/aRalph Mupitawww.mtn.com

MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa. The company offers data, voice and SMS, interconnect, and roaming services; and sells mobile devices. It also provides digital and fintech services, such as value-added services, rich media services, insurance, airtime lending, in-store payments, remittances, prepaid services, and e-commerce services; and MTN Mobile Money fintech platform.

MTN Group Limited Fundamentals Summary

How do MTN Group's earnings and revenue compare to its market cap?
MTN fundamental statistics
Market capR365.68b
Earnings (TTM)R20.26b
Revenue (TTM)R226.76b
18.0x
P/E Ratio
1.6x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MTN income statement (TTM)
RevenueR226.76b
Cost of RevenueR71.46b
Gross ProfitR155.29b
Other ExpensesR135.03b
EarningsR20.26b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)11.05
Gross Margin68.48%
Net Profit Margin8.94%
Debt/Equity Ratio43.4%

How did MTN perform over the long term?

See historical performance and comparison

Dividends

2.5%
Current Dividend Yield
45%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/20 08:49
End of Day Share Price 2026/04/17 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

MTN Group Limited is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Niel VenterAbsa Bank Limited
Jonathan BradleyAbsa Bank Limited
Tibor BokorArqaam Capital Research Offshore S.A.L.