MTN Group Ltd (MTNOY)
OTHER OTC:MTNOY
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MTN Group
(OTC:MTNOY)
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Rating:62Neutral
Price Target:
$12.50
▲(35.43% Upside)
Action:ReiteratedDate:03/19/26
The score is driven primarily by improved 2025 financial performance—profitability restored and cash flow strengthened—offset by prior-year earnings volatility and ongoing leverage risk. Technicals are mixed with neutral momentum and minor near-term weakness, while valuation is reasonable but not strongly supported by yield.
Positive Factors
Diversified digital & mobile-money revenue
MTN's mix of core connectivity, growing data demand, and mobile-money/fintech services creates multiple durable revenue engines. Mobile-money and digital services can raise ARPU, reduce reliance on pure voice/data cycles, and support higher-margin, platform-based growth across markets over years.
Negative Factors
Elevated leverage
Telecom is capital-intensive; MTN's debt near equity limits financial flexibility. Elevated leverage raises refinancing and interest-rate sensitivity and constrains ability to absorb shocks or pursue large M&A. If cash flow softens, debt servicing could force capex cuts or asset sales.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified digital & mobile-money revenue
MTN's mix of core connectivity, growing data demand, and mobile-money/fintech services creates multiple durable revenue engines. Mobile-money and digital services can raise ARPU, reduce reliance on pure voice/data cycles, and support higher-margin, platform-based growth across markets over years.
Read all positive factors
MTN Group (MTNOY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.22B
Dividend Yield1.26%
Average Volume (3M)1.95K
Price to Earnings (P/E)16.5
Beta (1Y)1.10
Revenue Growth6.96%
EPS GrowthN/A
CountryUS
Employees21,975
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.33
Shares Outstanding1,833,678,800
10 Day Avg. Volume332
30 Day Avg. Volume1,950
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)2.13
Price to Sales (P/S)1.47
P/FCF Ratio7.41
Enterprise Value/Market Cap22.06
Enterprise Value/Revenue2.12
Enterprise Value/Gross Profit3.61
Enterprise Value/Ebitda4.30
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.02
Revenue Forecast (FY)$15.52B
MTN Group Business Overview & Revenue Model
Company Description
MTN Group Limited is a leading telecommunications company headquartered in Johannesburg, South Africa, operating in over 20 countries across Africa and the Middle East. The company provides a wide range of services including mobile voice, data ser...
How the Company Makes Money
MTN primarily makes money by selling telecommunications connectivity and related digital services across its markets. Key revenue streams include: (1) Mobile service revenue from prepaid and postpaid customers using voice calling, SMS, and mobile ...
MTN Group Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
60
Neutral
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 209.96B | 188.00B | 221.30B | 207.00B | 181.65B |
| Gross Profit | 99.96B | 131.32B | 142.81B | 150.81B | 133.79B |
| EBITDA | 108.73B | 49.99B | 72.99B | 89.82B | 76.59B |
| Net Income | 18.77B | -9.59B | 4.09B | 19.04B | 13.75B |
Balance Sheet | |||||
| Total Assets | 498.22B | 430.96B | 434.71B | 391.88B | 365.80B |
| Cash, Cash Equivalents and Short-Term Investments | 51.44B | 99.32B | 90.33B | 87.67B | 83.17B |
| Total Debt | 146.58B | 155.74B | 148.45B | 137.84B | 128.82B |
| Total Liabilities | 328.66B | 292.51B | 284.53B | 269.54B | 250.82B |
| Stockholders Equity | 144.85B | 123.44B | 139.21B | 116.60B | 111.05B |
Cash Flow | |||||
| Free Cash Flow | 41.74B | 15.14B | 17.26B | 22.31B | 32.06B |
| Operating Cash Flow | 72.19B | 46.82B | 64.06B | 68.12B | 67.29B |
| Investing Cash Flow | -38.94B | -33.34B | -52.26B | -43.44B | -30.95B |
| Financing Cash Flow | -21.97B | -16.20B | -9.48B | -17.42B | -26.18B |
MTN Group Technical Analysis
Positive
9.23
Price Trends
11.79
Positive
10.89
Positive
9.75
Positive
Market Momentum
-0.01
Negative
57.04
Neutral
59.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MTNOY, the sentiment is Positive. The current price of 9.23 is below the 20-day moving average (MA) of 11.53, below the 50-day MA of 11.79, and below the 200-day MA of 9.75, indicating a bullish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 57.04 is Neutral, neither overbought nor oversold. The STOCH value of 59.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MTNOY.
MTN Group Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $18.05B | 16.17 | 15.56% | 6.14% | -5.21% | -7.45% | |
70 Outperform | $26.63B | 17.32 | 9.03% | 5.03% | -3.16% | 4.70% | |
62 Neutral | $21.22B | 16.48 | 10.60% | 1.26% | 6.96% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $36.36B | 7.35 | -8.37% | 3.77% | 19.67% | -278.51% | |
57 Neutral | $12.70B | 27.39 | 3.37% | 5.02% | -8.16% | -52.52% |
* Communication Services Sector Average
MTNOY
MTN Group
12.15
7.05
138.18%
TLK
PT Telekomunikasi Indonesia Tbk
18.93
5.32
39.14%
SKM
Sk Telecom
34.40
13.06
61.20%
VIV
Telefonica Brasil
16.57
8.18
97.59%
VOD
Vodafone
15.77
7.56
92.15%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.