MTN Group (MTN.JO) Stock Price

MTN Group Price

JSE·CLOSED
184.99
​
Market closed

Over the last 19 years MTN Group grew revenue by 8.1% annually, reaching 226.71 B ZAR. Earnings per share have grown at 2.5% per year over the last 19 years. For MTN Group, the net margin of 8.9% is up versus 7.6% a few years ago. At today's price the dividend yield works out to roughly 1.86%. The payout ratio is around 31% of earnings. The dividend has grown at 9.2% per year over the past 19 years. The consensus 12-month price target for MTN Group is 184.62 ZAR, about 0.2% below where the stock trades today. Of 13 analysts, 9 rate the stock a buy — an overall Buy consensus.

MTN Group stock price

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MTN Group business model & stock analysis

MTN Group Ltd is a telecommunications company based in Johannesburg, South Africa. It was founded in 1994 and operates in 21 countries in Africa and the Middle East. The company is the largest provider of mobile services in Africa and had around 250 million customers in 2019. The company offers a wide range of telecommunications services, including mobile, fixed-line, and broadband internet. It operates its own networks as well as virtual networks in other countries. Some markets also see the company involved in financial services and digital content. The focus is on creating a comprehensive ecosystem for mobile customers. MTN was established in 1994 as a joint venture between M-Cell (a South African company) and the British telecommunications company Investcom. In 2001, MTN acquired a majority stake in Investcom, becoming the largest mobile provider in Africa. Since then, the company has continuously expanded its presence in Africa and the Middle East. In 2019, MTN had around 21,000 employees and approximately $15 billion in revenue. The MTN Group is divided into four business segments: 1. MTN South Africa: This segment operates the largest mobile network in the country, serving approximately 29 million customers with both prepaid and contract services. MTN South Africa is also active in broadband internet and fixed-line services. 2. MTN International: This segment covers the company's international activities. MTN operates in 20 other countries in Africa and the Middle East, including Nigeria, Ghana, Uganda, and Iran. Most of these countries have their own mobile networks. MTN International also offers financial services and digital content. 3. MTN Mobile Financial Services (MFS): This segment focuses on the company's financial services, particularly through mobile wallets in some markets. Customers can use these mobile wallets for money transfers, payments, and other financial transactions via their mobile phones. 4. MTN GlobalConnect: This segment serves corporate and wholesale customers, offering a range of telecommunications services such as connectivity, voice and data solutions, cloud services, and security solutions. MTN offers a wide range of telecommunications products and services, including mobile services (prepaid and contract plans for voice and data communication, as well as music streaming, video services, and mobile TV), broadband internet (fixed and mobile-based connections like LTE or 5G), financial services (mobile wallets for money transfers, payments, and loans), and solutions for corporate customers (connectivity, voice and data solutions, cloud services, and security solutions). In summary, MTN Group Ltd is a leading telecommunications company in Africa and the Middle East, offering comprehensive telecommunications services to its customers. The company operates in multiple countries and provides a range of products and solutions, including mobile, broadband internet, and financial services. It also serves corporate customers with a complete ecosystem of services.

Frequently asked questions about MTN Group

MTN Group Ltd is a leading telecommunications company with a business model focused on providing mobile network and related services across multiple countries. As a global operator, MTN aims to connect people, enhance digital lives, and empower businesses through its innovative solutions and infrastructure. The company's business model revolves around offering voice and data services, digital and financial solutions, enterprise solutions, and wholesale infrastructure services. With a strong market presence and customer-centric approach, MTN Group Ltd strives to be at the forefront of delivering high-quality and reliable connectivity solutions to individuals, businesses, and governments in the regions it operates.

MTN Group Ltd is primarily active in the telecommunications industry.

The main competitors of MTN Group Ltd in the market include Vodafone Group Plc, Airtel Africa, and Orange S.A.

MTN Group Ltd is a leading telecommunications company with a rich history and global presence. Established in South Africa in 1994, MTN has evolved into a multinational corporation operating in more than 20 countries across Africa and the Middle East. With a focus on providing innovative mobile phone services, MTN has become one of the continent's largest telecommunications providers. Over the years, the company has expanded its offerings to include data, digital services, and mobile financial solutions. MTN's commitment to advancing connectivity in emerging markets has positioned it as a key player in bridging the digital divide and driving economic growth in the regions it serves.

MTN Group Ltd, a leading telecommunications company, has achieved numerous significant milestones throughout its impressive history. One of the key accomplishments include the company's expansion into over 20 countries across Africa and the Middle East, establishing itself as a dominant player in these regions. MTN Group Ltd successfully launched various innovative services and products, such as mobile money solutions, which have revolutionized financial services in underserved communities. The company has also consistently demonstrated robust financial performance, recording growth in revenue and subscriber numbers year after year. Additionally, MTN Group Ltd has prioritized corporate social responsibility initiatives, empowering local communities through various impactful programs.

MTN Group Ltd is primarily present in various countries and regions across Africa and the Middle East. This multinational telecommunications company operates in 21 different countries, including South Africa, Nigeria, Ghana, Cameroon, Ivory Coast, Uganda, and many more. With a strong focus on emerging markets, MTN Group Ltd has positioned itself as a leading telecommunications provider in these regions, offering a wide range of mobile and digital services to its customers.

MTN Group Ltd represents a strong set of values and corporate philosophy. It focuses on driving growth and delivering exceptional services to its customers. The company is committed to innovation, integrity, and leadership. MTN Group strives to create a positive impact on the societies it operates in by promoting sustainability and responsible business practices. With a customer-centric approach, MTN Group aims to continuously improve its products and services, while fostering a diverse and inclusive work environment. By prioritizing customer satisfaction and embracing ethical principles, MTN Group Ltd solidifies its position as a leading telecommunications provider in the global market.

Analysts currently set an average price target of 184.62 ZAR for the MTN Group stock (median: 184.62 ZAR), implying -0.2 % versus the latest price. The consensus is based on 13 analyst ratings.

13 analysts currently rate the MTN Group stock: 9 recommend buying, 2 holding and 2 selling. For 2026, analysts expect MTN Group to generate revenue of 250.60 B ZAR and earnings per share of 15.98 ZAR.

Converted at the current exchange rate, the MTN Group share trades at 9.99 EUR (184.99 ZAR).

The MTN Group share (MTN.JO) is listed on 5 stock exchanges, including: JSE (Johannesburg) (MTN.JO), Frankfurt (LL6.F), München (LL6.MU), Düsseldorf (LL6.DU).

The MTN Group Ltd is a South African company that was founded in 1994 and is now one of the largest telecommunications companies in Africa and the Middle East. The company offers a wide range of services and products that can be divided into various sectors. Mobile network One of the main activities of the MTN Group is operating mobile networks. The company is present in 21 countries on the African continent and in the Middle East and operates over 265 million mobile connections. The group offers both postpaid and prepaid tariffs, which allow customers to make mobile calls, send SMS messages, and use mobile internet. Fixed-line and broadband In addition to mobile services, the MTN Group also offers fixed-line services. These include broadband internet access, fixed-line telephony, and IP telephony. The company places particular emphasis on digital inclusion and also offers services for rural areas with poorer infrastructure. Mobile financial services Another pillar of the MTN Group is mobile financial services. This involves enabling banking services and financial transactions through mobile phones. The MTN Group offers mobile payments, transfers, and microloans, among other services. The target group here is primarily customers who have not had access to regular banking services before. Enterprise solutions Furthermore, the MTN Group also offers tailored solutions for businesses. These include cloud solutions, data analysis, and IT security. The target group here is primarily small and medium-sized enterprises that want to focus on their core competencies without having to invest in IT expertise themselves. Products and concepts The MTN Group has also developed its own products and concepts to expand and differentiate its business model. One example of this is the MTN Pulse Club, a community for young people that receives special rates and offers for telephony and mobile internet. Another concept is the MTN Business Academy, a platform for training and further education for companies that want to build and expand their IT skills. SEO optimization The MTN Group Ltd is a leading telecommunications company in Africa and the Middle East. The company offers a wide range of services and products that can be divided into various sectors, including mobile network, fixed-line and broadband, mobile financial services, and enterprise solutions. The MTN Group has also developed its own products and concepts to expand and differentiate its business model. One example of this is the MTN Pulse Club and the MTN Business Academy.

The expected revenue of MTN Group is 250.60 B ZAR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of MTN Group is 29.53 B ZAR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of MTN Group is currently 11.58. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the MTN Group stock.

The price-to-sales ratio (P/S) of MTN Group is currently 1.36. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the MTN Group stock.

The Eulerpool Quality Score for MTN Group is 4/10.

The ISIN of MTN Group is ZAE000042164. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of MTN Group is 897024. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of MTN Group is MTN.JO. The ticker symbol is used to trade MTN Group shares on the stock exchange.

Fair ValueTerminal
168.34 ZAR
Over-/UndervaluationTerminal
Fairly valued
Industry
Wireless Telecommunication Services
Number of shares
Employees
Revenue per Employee
11.75 M ZAR
Revenue growth Ø5 years
EBIT growth Ø5 years
Net Income growth Ø5 years
Website mtn.co.za
Country
South Africa
Currency
ZAR
Initial public offering
Aug 17, 1995
ISIN
ZAE000042164
Cusip
S8039R108
Sedol
6563206
Market capitalization
334.19 B ZARMega Cap
52-Week Range
PEG
1.21
P/E ratio
P/Ee 2026
11.32
P/Ee 2027
9.01
P/Ee 2028
7.65
P/Ee 2029
—
P/Ee 2030
—
P/S
P/Se
1.36
EV/EBIT
4.33
P/B Ratio
2.30
ROE (Return on Equity)
ROA (Return on Assets)
ROCE (Return on Capital Employed)
ROIC (Return on Invested Capital)
13.97 %
Dividend
Dividend yield
1.86 %
Est. Dividend Yield
5.41 %
Payout Ratio
31.46 %
Dividend growth Ø5Y
-20.41 %
Dividend payments per year
1
Dividend paid since
4 years
Dividend not reduced since
4 years
Dividend increased since
1 year
Dividend withholding tax
20.00 %
Last updated Oct 10, 2026, 11:27 PM

MTN Group Peer Group

MTN Group Ticker

DÜSSELDORF · LL6.DUFRANKFURT · LL6.FJSE · MTN.JOMUNICH · LL6.MUOTC · MTNOF

MTN Group FIGI

MTN:SJ · BBG000C4S5Y8LL6:GR · BBG000LQWBZ0LL6:GF · BBG000LQWDB2LL6:GD · BBG000LQWDS4LL6:GS · BBG000LQWGP0LL6:GM · BBG000LQWHJ5LL6:GB · BBG000LQWHZ7MTNOF:US · BBG000P79275MTNOF:PQ · BBG000P7BCP0MTNOF:UV · BBG000P7BDJ5MTN:EO · BBG0015NWT84MTN:E1 · BBG0015NWTT1

All fundamentals and in-depth analysis of MTN Group

Our stock analysis for MTN Group stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of MTN Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.