Obermatt

MTN

JNB:MTN · ZAE000042164
Wireless Telecommunication ServicesX-Large

360

94
EV / EBIT100
Price / Owner Earnings11
Owner Earnings Yield34
Dividend Yield59
Price/Sales61
EV / Gross Profit84
Price/Book38
Return on Capital97
Cash Return on Capital34
Return on Equity62
EBIT Margin95
Gross Profitability80
Cash Conversion75
Accruals52
Owner Earnings Margin23
Sales growth84
Profit Growth92
Long-Term EPS Growth93
Reinvestment77
Price momentum90
Debt load38
Refinancing25
Debt Payback32
Liquidity67
Analyst ratings28
Opinion Changes87
Price Target Upside30
Market mood45
Value Creation16/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

MTN generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountrySouth Africa
IndustryWireless Telecommunication Services
SizeX-Large
TypePublic Company
ExchangeJSE
Founded1994
Employees11,244
ISINZAE000042164
Last UpdateApr 2, 2026
Themes
Online PaymentsFintechEnterprise Voip and TelephonyData Centers and FacilitiesCloud InfrastructureVoIPDelivery ServiceMobileTelecommunicationsWireless

Description

MTN Group Limited, a multinational telecommunications group, offers cellular network access and business solutions. The company operates in 21 countries in Africa and the Middle East. The company operates in Botswana, Cameroon, Côte d’Ivoire, Nigeri…

Analysis

Middle-of-the-road

MTN Group Limited is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is expensive. You pay 32.3× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 13% yearly growth; analysts expect 30%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is adequate. The company scores 16/20 on our value-creation score: strong value creator.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
100
2023202420252026

All-time high

100

Jun 2026

All-time low

48

Jan 2024

Average rank

83

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
61
73
78
64
Price/Earnings
63
61
78
71
Price/Book
38
61
68
55
Dividend Yield
59
54
67
47
Value (overall)
67
78
87
73

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →