Ratings MTN Group Limited

Equities

MTN

ZAE000042164

End-of-day quote Johannesburg S.E. Other stock markets 06:00:00 2024-04-23 pm EDT			5-day change	1st Jan Change
83.27 ^ZAR	+0.34%		+3.48%	-27.90%

Mar. 28	MTN Group Appoints Mike Silber as Group Executive for Regulatory	CI
Mar. 25	MTN Group Limited Provides Dividend Guidance for the Year 2024	CI

Summary

Overall, the company has poor fundamentals for a medium to long-term investment strategy.
From a short-term investment perspective, the company presents a deteriorated fundamental situation
According to Refinitiv, the company's ESG score for its industry is good.

Strengths

The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.
The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The company's attractive earnings multiples are brought to light by a P/E ratio at 13.29 for the current year.
The company's share price in relation to its net book value makes it look relatively cheap.
The company has a low valuation given the cash flows generated by its activity.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses

According to forecast, a sluggish sales growth is expected for the next fiscal years.
The group shows a rather high level of debt in proportion to its EBITDA.
For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the past year, analysts have significantly revised downwards their profit estimates.
For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
Over the past four months, analysts' average price target has been revised downwards significantly.
The overall consensus opinion of analysts has deteriorated sharply over the past four months.
Over the past twelve months, analysts' opinions have been revised negatively.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
The group usually releases earnings worse than estimated.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector: Wireless Telecommunications Services

	1st Jan change	Capi.	ESG Refinitiv
MTN GROUP LIMITED	-27.90%	7.82B	B-
BHARTI AIRTEL LIMITED	+29.35%	95.31B	C+
SOFTBANK CORP.	+5.12%	56.93B	A-
CELLNEX TELECOM, S.A.	-12.90%	23.42B	A-
ROGERS COMMUNICATIONS INC.	-15.69%	20.52B	C
ETIHAD ETISALAT COMPANY	+5.81%	10.65B	C
DIGI.COM	+0.25%	10.04B	B+
FAR EASTONE TELECOMMUNICATIONS CO., LTD.	+0.88%	8.89B	B+
VODAFONE IDEA LIMITED	-13.12%	10.45B	C
TELE2 AB	+19.77%	6.63B	B

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders

Controversy

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes