MTN Group (MTN) Fair Value & Analysis
Communication Services · ZA · Market cap 387B ZAC
Fair value as of: Jun 26, 2026
From 26 valuation models · updated 3 days ago
Fair value updated Jun 26, 2026 — revised from R276.87 to R243.19 (−12.2%) since Jun 24, 2026. Share price +3.7% over the past month.
Price vs Fair Value (12 months)
12‑month range R133.32 – R233.31 · fair‑value band R182.39 – R303.99 · the R227.43 price screens below the R243.19 fair value. As of Jun 26, 2026.
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MTN Group (MTN) currently trades at R227.43, while our model-based Fair Value estimate is R243.19 — implying the stock looks roughly 6.9% undervalued today. We read business quality at 88/100 (high quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.
Over the trailing twelve months, MTN Group generated revenue of 227B ZAR at a net margin of 8.9%. Revenue grew 20.5% year over year. It earns a return on equity of 17.8%. Net debt stands at 103B ZAR. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
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. In addition, the company offers managed network services, cloud, unified communications, internet of things, and security as a service; network as a services, including subsea cables, terrestrial and metro fibre, data centre and cable landing stations, and towers and radio access network assets; and marketplace solutions for government agencies, insurance firms, banking institutions, and SMEs. MTN Group Limited was incorporated in 1994 and is b…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
MTN Group reported revenue of R227B in FY2025 versus R182B in FY2021, a compound +5.7%/yr. Reported net income was R20.3B in FY2025, compounding +10.2%/yr from FY2021.
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Similar stocks
6 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| China Mobile Limited 600941 | ¥97.27 | ¥68.44 | -30% |
| SoftBank Group SFTBF | $41.03 | $68.21 | +66% |
| T-Mobile US, Inc TM5 | €160.08 | €166.49 | +4% |
| Verizon Communications Inc BAC | €39.83 | €66.07 | +66% |
| AT&T Inc SOBA | €19.54 | €45.50 | +133% |
| Deutsche Telekom AG DTE | €28.86 | €34.75 | +20% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.