Vodacom Group (VOD) Stock Overview
Provides communications products and services in South Africa, Egypt, Kenya, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
VOD Community Fair Values
Create NarrativeSee what 53 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Vodacom Group Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R157.63 |
| 52 Week High | R164.97 |
| 52 Week Low | R128.31 |
| Beta | 0.36 |
| 1 Month Change | 3.30% |
| 3 Month Change | 2.33% |
| 1 Year Change | 13.41% |
| 3 Year Change | 38.84% |
| 5 Year Change | 11.34% |
| Change since IPO | 168.08% |
Recent News & Updates
Narrative Update • Jul 14
VOD: EPS Guidance And Margin Outlook Will Support Balanced Medium Term View
Vodacom Group's analyst fair value estimate has been revised slightly higher from ZAR158.85 to ZAR162.15, with analysts attributing the change to updated assumptions around profit margins and a lower future P/E multiple. What's in the News for Vodacom Group Vodacom Group issued earnings guidance for the year ending 31 March 2026, providing an EPS range of 1,031 cents to 1,074 cents, based on a prior reported EPS of 859 cents.
Narrative Update • Jun 29
VOD: Higher 2026 EPS Guidance Will Support Margin Strength And Upside
Analysts have lifted their Vodacom Group price target from ZAR201.26 to ZAR208.47, citing updated assumptions for revenue growth, profit margins and future P/E expectations. What’s in the News for Vodacom Group Vodacom Group issued earnings guidance for the year ending 31 March 2026, providing investors with an EPS range as a reference point for expectations.Narrative Update • Jun 15
VOD: Neutral Stance And EPS Guidance Will Shape Balanced Medium Term Outlook
Analysts have lifted Vodacom Group's price target from ZAR151.88 to ZAR158.85, reflecting updated views on its growth, profitability profile and P/E assumptions following recent research coverage. What's in the News Vodacom Group issued earnings guidance for the year ending 31 March 2026, indicating an expected EPS range of 1,031 cents to 1,074 cents, based on company guidance.Recent updates
Narrative Update • Jul 14
VOD: EPS Guidance And Margin Outlook Will Support Balanced Medium Term View
Vodacom Group's analyst fair value estimate has been revised slightly higher from ZAR158.85 to ZAR162.15, with analysts attributing the change to updated assumptions around profit margins and a lower future P/E multiple. What's in the News for Vodacom Group Vodacom Group issued earnings guidance for the year ending 31 March 2026, providing an EPS range of 1,031 cents to 1,074 cents, based on a prior reported EPS of 859 cents.Narrative Update • Jun 29
VOD: Higher 2026 EPS Guidance Will Support Margin Strength And Upside
Analysts have lifted their Vodacom Group price target from ZAR201.26 to ZAR208.47, citing updated assumptions for revenue growth, profit margins and future P/E expectations. What’s in the News for Vodacom Group Vodacom Group issued earnings guidance for the year ending 31 March 2026, providing investors with an EPS range as a reference point for expectations.Narrative Update • Jun 15
VOD: Neutral Stance And EPS Guidance Will Shape Balanced Medium Term Outlook
Analysts have lifted Vodacom Group's price target from ZAR151.88 to ZAR158.85, reflecting updated views on its growth, profitability profile and P/E assumptions following recent research coverage. What's in the News Vodacom Group issued earnings guidance for the year ending 31 March 2026, indicating an expected EPS range of 1,031 cents to 1,074 cents, based on company guidance.
Narrative Update • Jun 01
VOD: Neutral View Persists As Margin Assumptions Will Likely Cap Upside
Analysts have kept their Vodacom Group price target steady at ZAR130.00. The refreshed assumptions reflect a lower revenue growth outlook, higher profit margin expectations, and a slightly adjusted P/E multiple following recent neutral coverage on the stock.Narrative Update • May 16
VOD: Neutral UBS View Will Support Margin Strength And Future Upside
Analysts have slightly reduced their Vodacom Group price target to about ZAR201, as they recalibrate assumptions for slower revenue growth, slightly stronger profit margins and a marginally lower future P/E multiple, in line with recently initiated neutral coverage from the Street. Analyst Commentary Recent commentary around the neutral initiation highlights a balanced view on Vodacom Group, with some analysts pointing to a mix of steady fundamentals and valuation support even as overall ratings remain cautious.Narrative Update • Apr 29
VOD: Neutral UBS Initiation And Margin Risks Will Likely Cap Upside
Analysts keep their ZAR fair value estimate steady at ZAR130.00 for Vodacom Group, pointing to slightly lower revenue growth expectations, a modestly higher profit margin outlook, and a marginally lower future P/E assumption, supported by recent neutral initiation commentary from UBS and peers. Analyst Commentary Recent neutral commentary highlights a mixed setup for Vodacom Group, with the ZAR130.00 fair value estimate held steady but framed by a cautious tone on revenue growth, margins, and the future P/E assumption.Narrative Update • Apr 15
VOD: Neutral Stance And Margin Pressure Will Likely Cap Future Upside
Analysts have maintained their Vodacom Group fair value estimate at ZAR130.00 per share. Updated assumptions reflect higher modelled revenue growth, a lower profit margin and a slightly lower future P/E multiple, in line with recent neutral Street research on the stock.Narrative Update • Apr 01
VOD: Neutral UBS Stance Will Support Higher Future Earnings Multiple
Analysts have nudged their Vodacom Group price target slightly higher to ZAR201.69 from ZAR200.72, reflecting updated assumptions around revenue growth, profit margins and future P/E following recent research that includes a new neutral stance from UBS on the shares. Analyst Commentary Bullish analysts see the latest ZAR201.69 price target as consistent with a view that Vodacom Group can support its current P/E assumptions if it executes reliably on revenue and margin expectations.Narrative Update • Mar 18
VOD: Lower Growth And Higher Margins Will Shape Balanced Medium Term Outlook
Analysts have adjusted their Vodacom Group price target slightly higher from ZAR150.00 to ZAR151.88. This reflects updated assumptions that balance a lower revenue growth outlook with a higher profit margin and a modestly lower future P/E and discount rate.Narrative Update • Mar 04
VOD: Modest Margin Pressure Will Likely Restrain Future Upside Potential
Analysts have increased their Vodacom Group price target from ZAR125 to ZAR130, citing updated assumptions that reflect slightly higher modelled revenue growth, a modest adjustment to profit margins and a lower discount rate, while keeping the expected future P/E essentially unchanged. Valuation Changes Fair Value: raised from ZAR125 to ZAR130, representing a modest upward adjustment.Narrative Update • Feb 16
VOD: Potential Safaricom Stake Increase Will Support Higher Future Earnings Multiple
Analysts have raised their Vodacom Group price target from ZAR180.39 to ZAR200.72, citing updated assumptions around discount rate, revenue growth, profit margin and future P/E that collectively support a higher valuation anchor. What's in the News Vodacom Group is in talks with the Kenyan government about potentially acquiring part of the state’s stake in Safaricom Ltd., according to people familiar with the matter, with discussions described as ongoing and not final (Key Developments).Narrative Update • Feb 02
VOD: Safaricom Stake Talks And Dividend Will Shape Balanced Medium-Term Outlook
Analysts have nudged their price target for Vodacom Group slightly higher, from R148.33 to R150.00. The change reflects updated assumptions around revenue growth, profit margins and future P/E expectations.Narrative Update • Jan 19
VOD: Safaricom Stake Talks And Dividend Will Support Balanced Medium-Term Outlook
Analysts have raised their fair value estimate for Vodacom Group from R146.44 to R148.33 per share. This reflects updated assumptions that combine higher revenue growth expectations with slightly lower profit margin forecasts and an unchanged forward P/E multiple.Analysis Article • Jan 07
Vodacom Group Limited's (JSE:VOD) Popularity With Investors Is Under Threat From Overpricing
Vodacom Group Limited's ( JSE:VOD ) price-to-earnings (or "P/E") ratio of 15x might make it look like a strong sell...Narrative Update • Jan 05
VOD: Safaricom Stake Talks And Dividend Strength Will Support Steady Outlook
Analysts have nudged their price target for Vodacom Group higher, lifting fair value from R145.22 to R146.44, as small adjustments to projected revenue growth, profit margins and future P/E assumptions filter through their models. What's in the News Vodacom is in discussions with the Kenyan government about potentially acquiring part of its stake in Safaricom, where Vodacom already holds a 39.93% interest, according to people familiar with the talks (M&A Rumors and Discussions).Narrative Update • Dec 19
VOD: Dividend, Margins And Safaricom Stake Moves Will Shape Steady Outlook
Analysts have raised their price target on Vodacom Group slightly, from ZAR 122.00 to ZAR 125.00. They cited a modestly improved profit margin outlook and a marginally lower discount rate, which more than offset slightly reduced revenue growth expectations and a marginally lower future P/E assumption.Narrative Update • Dec 05
VOD: East African Expansion And Dividend Payout Will Support Steady Outlook
Analysts have modestly raised their price target on Vodacom Group from approximately R140.80 to about R145.22 per share. This reflects slightly lower discount rate assumptions and a marginally higher future price to earnings multiple, which together more than offset small trims to long term revenue growth and profit margin expectations.Analysis Article • Dec 01
Vodacom Group (JSE:VOD) Has A Pretty Healthy Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Nov 13
Vodacom Group (JSE:VOD) Will Pay A Dividend Of ZAR3.30
The board of Vodacom Group Limited ( JSE:VOD ) has announced that it will pay a dividend on the 1st of December, with...Narrative Update • Oct 06
5G Expansion And Climate Initiatives Will Open New Opportunities In Africa
Vodacom Group's analyst price target has been slightly reduced from R142.67 to R140.80, as analysts factor in upward revisions to forecasted revenue growth and profit margins. This is partially offset by a lower future P/E ratio.Narrative Update • Sep 04
5G Expansion And Climate Initiatives Will Open New Opportunities In Africa
With consensus forecasts for revenue growth and net profit margin both remaining stable, analysts have maintained Vodacom Group’s fair value estimate unchanged at ZAR142.67. What's in the News Vodacom Group approved an amendment to the company's memorandum of incorporation at its annual general meeting.Analysis Article • Aug 27
Vodacom Group Limited's (JSE:VOD) Shareholders Might Be Looking For Exit
With a price-to-earnings (or "P/E") ratio of 16.6x Vodacom Group Limited ( JSE:VOD ) may be sending very bearish...
New Narrative • Nov 13
Expanding Digital Horizons And Smashing Barriers To Drive Growth In African Telecom Markets
Expansion of 4G and financial services in Africa is key to increasing Vodacom's revenue and diversifying its revenue streams.Shareholder Returns
| VOD | ZA Wireless Telecom | ZA Market | |
|---|---|---|---|
| 7D | -1.5% | -1.2% | 3.6% |
| 1Y | 13.4% | 34.8% | 14.8% |
Return vs Industry: VOD underperformed the ZA Wireless Telecom industry which returned 34.8% over the past year.
Return vs Market: VOD underperformed the ZA Market which returned 14.8% over the past year.
Price Volatility
| VOD volatility | |
|---|---|
| VOD Average Weekly Movement | 3.2% |
| Wireless Telecom Industry Average Movement | 3.7% |
| Market Average Movement | 4.6% |
| 10% most volatile stocks in ZA Market | 10.1% |
| 10% least volatile stocks in ZA Market | 2.7% |
Stable Share Price: VOD has not had significant price volatility in the past 3 months compared to the ZA market.
Volatility Over Time: VOD's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | n/a | Mohamed Shameel Joosub | www.vodacom.com |
Vodacom Group Limited provides communications products and services in South Africa, Egypt, Kenya, and internationally. The company offers voice, messaging, converged services, broadband, data connectivity, mobile financial services, and other value-added services. It also provides mobile and fixed line connectivity, Internet of Things technology, and cloud hosting and security services, as well as the SmartCitizen mobile application for e-government solutions.
Vodacom Group Limited Fundamentals Summary
| VOD fundamental statistics | |
|---|---|
| Market cap | R304.50b |
| Earnings (TTM) | R20.65b |
| Revenue (TTM) | R167.65b |
14.7x
P/E Ratio1.8x
P/S RatioIs VOD overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VOD income statement (TTM) | |
|---|---|
| Revenue | R167.65b |
| Cost of Revenue | R75.34b |
| Gross Profit | R92.31b |
| Other Expenses | R71.66b |
| Earnings | R20.65b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 10.69 |
| Gross Margin | 55.06% |
| Net Profit Margin | 12.32% |
| Debt/Equity Ratio | 67.3% |
How did VOD perform over the long term?
See historical performance and comparisonDividends
4.7%
Current Dividend Yield69%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/11 12:58 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Vodacom Group Limited is covered by 21 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jonathan Bradley | Absa Bank Limited |
| Niel Venter | Absa Bank Limited |
| Tibor Bokor | Arqaam Capital Research Offshore S.A.L. |