MTN Group (MTN.JO) Stock Price

MTN Group Price

JSE·CLOSED
20,350.00ZAR+200.00 (+0.99 %)
Market closed

Over the last 19 years MTN Group grew revenue by 10.7% annually, reaching 188.00 B ZAR. Earnings per share have declined at 2.5% per year over the last 18 years. For MTN Group, the net margin of -5.1% is down versus 9.5% a few years ago. At today's price the dividend yield works out to roughly 0.02%. The dividend has grown at 8.9% per year over the past 19 years. The consensus 12-month price target for MTN Group is 184.62 ZAR, about 99.1% below where the stock trades today. Of 13 analysts, 9 rate the stock a buy — an overall Buy consensus. The stock trades about 50% above its 52-week low.

MTN Group stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of MTN Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how MTN Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing MTN Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

MTN Group Stock Price History
DateMTN Group Price
8/6/202620,350.00 ZAR
8/5/202620,150.00 ZAR
8/4/202620,896.00 ZAR
7/31/202620,497.00 ZAR
7/30/202622,972.00 ZAR
7/29/202623,054.00 ZAR
7/28/202623,368.00 ZAR
7/27/202623,426.00 ZAR
7/24/202622,719.00 ZAR
7/23/202622,511.00 ZAR
7/22/202622,868.00 ZAR
7/21/202622,327.00 ZAR
7/20/202622,383.00 ZAR
7/17/202623,274.00 ZAR
7/16/202623,400.00 ZAR
7/15/202622,955.00 ZAR
7/14/202622,946.00 ZAR
7/13/202622,778.00 ZAR
7/10/202622,859.00 ZAR
7/9/202622,580.00 ZAR
7/8/202621,437.00 ZAR
7/7/202621,900.00 ZAR
7/6/202622,685.00 ZAR
7/3/202623,039.00 ZAR
7/2/202622,557.00 ZAR
7/1/202622,487.00 ZAR
6/30/202622,786.00 ZAR
6/29/202622,487.00 ZAR
6/26/202622,597.00 ZAR
6/25/202622,743.00 ZAR
6/24/202622,522.00 ZAR
6/23/202622,002.00 ZAR
6/22/202622,239.00 ZAR
6/19/202623,045.00 ZAR
6/18/202622,977.00 ZAR
6/17/202622,343.00 ZAR
6/15/202622,697.00 ZAR
6/12/202622,455.00 ZAR
6/11/202622,053.00 ZAR
6/10/202621,380.00 ZAR
6/9/202621,392.00 ZAR
6/8/202621,233.00 ZAR
6/5/202621,630.00 ZAR
6/4/202621,432.00 ZAR
6/3/202621,548.00 ZAR
6/2/202621,161.00 ZAR
6/1/202621,515.00 ZAR
5/29/202621,954.00 ZAR
5/28/202621,646.00 ZAR
5/27/202620,911.00 ZAR
5/26/202620,931.00 ZAR
5/25/202621,054.00 ZAR
5/22/202620,522.00 ZAR
5/21/202620,536.00 ZAR
5/20/202620,761.00 ZAR
5/19/202620,713.00 ZAR
5/18/202620,723.00 ZAR
5/15/202620,810.00 ZAR
5/14/202621,034.00 ZAR
5/13/202621,100.00 ZAR
5/12/202621,312.00 ZAR
5/11/202621,565.00 ZAR
5/8/202621,020.00 ZAR
5/7/202621,065.00 ZAR
5/6/202621,920.00 ZAR
5/5/202621,195.00 ZAR
5/4/202620,888.00 ZAR
4/30/202620,900.00 ZAR
4/29/202620,817.00 ZAR
4/28/202620,355.00 ZAR
4/24/202620,655.00 ZAR
4/23/202620,401.00 ZAR
4/22/202620,186.00 ZAR
4/21/202619,790.00 ZAR
4/20/202619,977.00 ZAR
4/17/202619,950.00 ZAR
4/16/202620,144.00 ZAR
4/15/202620,365.00 ZAR
4/14/202620,500.00 ZAR
4/13/202620,150.00 ZAR
4/10/202620,398.00 ZAR
4/9/202620,239.00 ZAR
4/8/202619,908.00 ZAR
4/7/202619,505.00 ZAR
4/2/202619,411.00 ZAR
4/1/202619,672.00 ZAR
3/31/202619,545.00 ZAR
3/30/202619,250.00 ZAR
3/27/202619,460.00 ZAR
3/26/202619,936.00 ZAR
3/25/202620,370.00 ZAR
3/24/202619,905.00 ZAR
3/23/202619,282.00 ZAR
3/20/202619,155.00 ZAR
3/19/202619,832.00 ZAR
3/18/202619,788.00 ZAR
3/17/202619,564.00 ZAR
3/16/202619,572.00 ZAR
3/13/202618,291.00 ZAR
3/12/202618,396.00 ZAR
3/11/202618,660.00 ZAR
3/10/202618,955.00 ZAR
3/9/202618,973.00 ZAR
3/6/202619,200.00 ZAR
3/5/202620,165.00 ZAR
3/4/202619,972.00 ZAR
3/3/202620,048.00 ZAR
3/2/202620,898.00 ZAR
2/27/202620,757.00 ZAR
2/26/202620,391.00 ZAR
2/25/202620,573.00 ZAR
2/24/202619,792.00 ZAR
2/23/202619,517.00 ZAR
2/20/202619,745.00 ZAR
2/19/202619,458.00 ZAR
2/18/202619,955.00 ZAR
2/17/202619,527.00 ZAR
2/16/202619,511.00 ZAR
2/13/202619,230.00 ZAR
2/12/202619,522.00 ZAR
2/11/202619,210.00 ZAR
2/10/202619,176.00 ZAR
2/9/202618,823.00 ZAR
2/6/202618,416.00 ZAR
2/5/202617,596.00 ZAR
2/4/202618,671.00 ZAR
2/3/202618,706.00 ZAR
2/2/202618,480.00 ZAR
1/30/202618,093.00 ZAR
1/29/202618,060.00 ZAR
1/28/202617,974.00 ZAR
1/27/202618,300.00 ZAR
1/26/202618,216.00 ZAR
1/23/202617,618.00 ZAR
1/22/202618,350.00 ZAR
1/21/202617,331.00 ZAR
1/20/202617,662.00 ZAR
1/19/202617,662.00 ZAR
1/16/202617,918.00 ZAR
1/15/202617,573.00 ZAR
1/14/202617,184.00 ZAR
1/13/202617,600.00 ZAR
1/12/202617,519.00 ZAR
1/9/202617,580.00 ZAR
1/8/202617,709.00 ZAR
1/7/202617,528.00 ZAR
1/6/202617,581.00 ZAR
1/5/202617,112.00 ZAR
1/2/202616,992.00 ZAR
12/31/202516,950.00 ZAR
12/30/202516,909.00 ZAR
12/29/202516,817.00 ZAR
12/24/202516,639.00 ZAR
12/23/202516,478.00 ZAR
12/22/202516,140.00 ZAR
12/19/202515,916.00 ZAR
12/18/202515,860.00 ZAR
12/17/202516,399.00 ZAR
12/15/202515,778.00 ZAR
12/12/202515,623.00 ZAR
12/11/202515,780.00 ZAR
12/10/202515,723.00 ZAR
12/9/202515,750.00 ZAR
12/8/202515,734.00 ZAR
12/5/202515,801.00 ZAR
12/4/202515,725.00 ZAR
12/3/202516,020.00 ZAR
12/2/202515,800.00 ZAR
12/1/202515,572.00 ZAR
11/28/202515,788.00 ZAR
11/27/202516,212.00 ZAR
11/26/202516,818.00 ZAR
11/25/202516,827.00 ZAR
11/24/202516,486.00 ZAR
11/21/202516,951.00 ZAR
11/20/202517,203.00 ZAR
11/19/202517,010.00 ZAR
11/18/202516,695.00 ZAR
11/17/202516,760.00 ZAR
11/14/202516,845.00 ZAR
11/13/202516,918.00 ZAR
11/12/202516,410.00 ZAR
11/11/202516,800.00 ZAR
11/10/202516,863.00 ZAR
11/7/202516,474.00 ZAR
11/6/202516,558.00 ZAR
11/5/202517,034.00 ZAR
11/4/202516,810.00 ZAR
11/3/202517,320.00 ZAR
10/31/202517,293.00 ZAR
10/30/202517,013.00 ZAR
10/29/202516,908.00 ZAR
10/28/202517,200.00 ZAR
10/27/202516,700.00 ZAR
10/24/202516,670.00 ZAR
10/23/202516,699.00 ZAR
10/22/202516,674.00 ZAR
10/21/202516,225.00 ZAR
10/20/202516,336.00 ZAR
10/17/202516,583.00 ZAR
10/16/202516,274.00 ZAR
10/15/202516,512.00 ZAR
10/14/202515,284.00 ZAR
10/13/202515,357.00 ZAR
10/10/202515,477.00 ZAR
10/9/202515,262.00 ZAR
10/8/202515,202.00 ZAR
10/7/202514,847.00 ZAR
10/6/202514,372.00 ZAR
10/3/202514,647.00 ZAR
10/2/202514,315.00 ZAR
10/1/202514,738.00 ZAR
9/30/202514,500.00 ZAR
9/29/202513,800.00 ZAR
9/26/202513,841.00 ZAR
9/25/202513,529.00 ZAR
9/23/202513,784.00 ZAR
9/22/202513,700.00 ZAR
9/19/202513,800.00 ZAR
9/18/202514,133.00 ZAR
9/17/202514,664.00 ZAR
9/16/202514,849.00 ZAR
9/15/202514,078.00 ZAR
9/12/202513,692.00 ZAR
9/11/202513,782.00 ZAR
9/10/202513,803.00 ZAR
9/9/202513,881.00 ZAR
9/8/202513,956.00 ZAR
9/5/202513,956.00 ZAR
9/4/202513,869.00 ZAR
9/3/202513,980.00 ZAR
9/2/202514,312.00 ZAR
9/1/202514,551.00 ZAR
8/29/202514,980.00 ZAR
8/28/202515,233.00 ZAR
8/27/202515,046.00 ZAR
8/26/202514,978.00 ZAR
8/25/202515,480.00 ZAR
8/22/202515,639.00 ZAR
8/21/202515,650.00 ZAR
8/20/202515,712.00 ZAR
8/19/202515,606.00 ZAR
8/18/202515,734.00 ZAR
8/15/202517,178.00 ZAR
8/14/202517,268.00 ZAR
8/13/202517,212.00 ZAR
8/12/202517,200.00 ZAR
8/11/202516,684.00 ZAR
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MTN Group Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2022
207.00 B ZAR
56.49 B ZAR
19.04 B ZAR
Jan 1, 2023
221.06 B ZAR
47.41 B ZAR
4.09 B ZAR
Jan 1, 2024
188.00 B ZAR
35.77 B ZAR
-9.59 B ZAR
Jan 1, 2025 (e)
225.17 B ZAR
44.95 B ZAR
24.15 B ZAR
Jan 1, 2026 (e)
253.00 B ZAR
50.51 B ZAR
30.80 B ZAR
Jan 1, 2027 (e)
294.20 B ZAR
58.73 B ZAR
40.30 B ZAR
Jan 1, 2028 (e)
331.49 B ZAR
66.17 B ZAR
48.50 B ZAR
Jan 1, 2029 (e)
304.03 B ZAR
60.69 B ZAR
0.00 ZAR

MTN Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 9, 2026, 9:09 PM
 
REVENUEB ZAR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB ZAR
EBITB ZAR
EBIT MARGIN%
NET INCOMEB ZAR
NET INCOME GROWTH%
DIV.ZAR
DIV. GROWTH%
SHARESB
20152016201720182019202020212022202320242025e2026e2027e2028e2029e2030e
147.06147.92132.87134.56151.46179.36181.65207.00221.06188.00225.17253.00294.20331.49304.03323.85
0.090.58-10.181.2712.5618.421.2713.966.79-14.9519.7712.3616.2812.68-8.296.52
65.1060.5457.9364.5270.9871.9673.6572.8571.3669.8569.8569.8569.8569.8569.8569.85
95.7489.5576.9786.82107.51129.07133.79150.81157.74131.32157.29176.73205.50231.55212.37226.22
27.5714.7123.2021.4130.4841.0445.1856.4947.4135.7744.9550.5158.7366.1760.6964.65
18.759.9417.4615.9120.1322.8824.8727.2921.4519.0219.9619.9619.9619.9619.9619.96
20.20-2.614.428.729.1017.0213.7519.044.09-9.5924.1530.8040.3048.50––
-37.02-112.94-268.9497.444.3787.05-19.2238.45-78.51-334.41-351.7827.5330.8420.35––
12.8010.807.006.255.207.10–6.006.606.603.453.453.45–––
15.32-15.63-35.19-10.71-16.8036.54––10.00–-47.73–––––
1.831.821.831.821.831.821.851.851.841.811.811.811.811.811.811.81
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales MTN Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue MTN Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare MTN Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares MTN Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against MTN Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

MTN Group stock margins

The MTN Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of MTN Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for MTN Group.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
71.96 %
22.88 %
9.49 %
Jan 1, 2021
73.65 %
24.87 %
7.57 %
Jan 1, 2022
72.85 %
27.29 %
9.20 %
Jan 1, 2023
71.36 %
21.45 %
1.85 %
Jan 1, 2024
69.85 %
19.02 %
-5.10 %
Jan 1, 2025 (e)
69.85 %
19.96 %
10.73 %
Jan 1, 2026 (e)
69.85 %
19.96 %
12.17 %
Jan 1, 2027 (e)
69.85 %
19.96 %
13.70 %

MTN Group Stock Revenue, EBIT, Earnings per Share

The MTN Group earnings per share therefore indicates how much revenue MTN Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
98.66 ZAR
22.57 ZAR
9.36 ZAR
Jan 1, 2021
98.23 ZAR
24.43 ZAR
7.44 ZAR
Jan 1, 2022
111.77 ZAR
30.50 ZAR
10.28 ZAR
Jan 1, 2023
120.27 ZAR
25.80 ZAR
2.23 ZAR
Jan 1, 2024
104.07 ZAR
19.80 ZAR
-5.31 ZAR
Jan 1, 2025 (e)
124.64 ZAR
24.88 ZAR
13.37 ZAR
Jan 1, 2026 (e)
140.05 ZAR
27.96 ZAR
17.05 ZAR
Jan 1, 2027 (e)
162.85 ZAR
32.51 ZAR
22.31 ZAR

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.

MTN Group SWOT Analysis

Strengths

MTN Group Ltd has a strong market presence and brand recognition globally.

The company has a diversified portfolio of services, ranging from mobile networks to digital services.

MTN Group has a large customer base and significant market share in several countries.

Weaknesses

MTN Group has faced regulatory and legal challenges in some of its operating countries, which may affect its operations and profitability.

The company's heavy reliance on specific markets for revenue generation exposes it to geopolitical risks and economic uncertainties.

MTN Group has historically faced network outages and technical issues, which have impacted customer satisfaction.

Opportunities

Growing demand for mobile connectivity in developing markets offers expansion opportunities for MTN Group.

The increasing adoption of digital services and data usage presents opportunities for the company to offer innovative solutions.

MTN Group can capitalize on partnerships and collaborations to enhance its product and service offerings.

Threats

Intense competition from other telecommunications providers poses a threat to MTN Group's market position.

Rapid changes in technology and evolving consumer demands require constant adaptation and investment, which can be a challenge for the company.

Economic downturns and currency fluctuations in key markets may impact MTN Group's revenue and profitability.

MTN Group Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

MTN Group historical P/E ratio, EBIT multiple, and P/S ratio

MTN Group annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

MTN Group shares outstanding

The number of shares of MTN Group was 1.81 B in 2025. This indicates how many shares MTN Group is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
1.82 B Stocks
Jan 1, 2021
1.85 B Stocks
Jan 1, 2022
1.85 B Stocks
Jan 1, 2023
1.84 B Stocks
Jan 1, 2024
1.81 B Stocks
Jan 1, 2025 (e)
1.81 B Stocks
Jan 1, 2026 (e)
1.81 B Stocks
Jan 1, 2027 (e)
1.81 B Stocks

MTN Group Dividend History

26 years of dividend payments

YearAnnual DividendYoY ChangePayments
20253.45ZAR↑ 4.5%1×
Apr 9, 20253.45ZAR↑ 4.5%1/1
20243.30ZAR 0.0%1×
20233.30ZAR↑ 10.0%1×
20223.00ZAR↓ 15.5%1×
20203.55ZAR↓ 31.7%1×
20195.20ZAR↓ 16.8%2×
20186.25ZAR↓ 10.7%2×
20177.00ZAR↓ 35.2%2×
201610.80ZAR↓ 15.6%2×
201512.80ZAR↑ 15.3%2×

MTN Group dividend history and estimates

In 2025, MTN Group paid a dividend amounting to 3.45 ZAR. Dividend means that MTN Group distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2019
5.20 ZAR
0.00 ZAR
Jan 1, 2020 (e)
3.55 ZAR
3.55 ZAR
Jan 1, 2022 (e)
3.00 ZAR
3.00 ZAR
Jan 1, 2023 (e)
3.30 ZAR
3.30 ZAR
Jan 1, 2024 (e)
3.30 ZAR
3.30 ZAR
Jan 1, 2025
3.45 ZAR
0.00 ZAR
Jan 1, 2026 (e)
0.00 ZAR
3.45 ZAR
Jan 1, 2027 (e)
0.00 ZAR
3.45 ZAR

MTN Group dividend payout ratio

In 2025, MTN Group had a payout ratio of 25.81%. The payout ratio indicates the percentage of the company's profits that MTN Group distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
37.91 %
Jan 1, 2021
71.77 %
Jan 1, 2022
29.19 %
Jan 1, 2023
148.22 %
Jan 1, 2024
-62.15 %
Jan 1, 2025 (e)
25.81 %
Jan 1, 2026 (e)
20.23 %
Jan 1, 2027 (e)
15.47 %

Current MTN Group forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
69.23 % (9)
Hold
15.38 % (2)
Sell
15.38 % (2)
12M Price Target
184.62
Last Price
20,550.00
Currency
ZAR
12M Return Potential
-99.10 %
LTM Return
0 %

MTN Group Analyst Rating Actions

DateFirmActionRating
3/14/2016
Goldman Sachs
Goldman Sachs
DowngradeNeutralSell

MTN Group Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
8/11/20225.97ZAR-97.70 BZAR-2022 Q2
3/9/20227.91ZAR-93.91 BZAR-2021 Q4
8/12/20214.02ZAR-85.35 BZAR-2021 Q2
3/10/20213.54ZAR-83.13 BZAR-2020 Q4
8/6/20202.74ZAR-83.74 BZAR-2020 Q2
3/11/20203.47ZAR-81.10 BZAR-2019 Q4
8/8/20193.71ZAR-72.74 BZAR-2019 Q2
3/7/20193.52ZAR-71.96 BZAR-2018 Q4
8/8/20183.05ZAR-64.52 BZAR-2018 Q2
3/8/20182.68ZAR-68.95 BZAR-2017 Q4

EESG©

Eulerpool ESG Scorecard© for the MTN Group stock

65/100
73
Environment
77
Social
45
Governance
E

Environment

20
Scope 1 - Direct Emissions184,074.11
Scope 2 - Indirect emissions from purchased energy267,187.19
Scope 3 - Indirect emissions within the value chain1,293,152.39
Total CO₂ emissions451,261.3
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees44
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

MTN Group shareholder structure

% Name
4.03671%
Capital Research Global Investors
Capital Research Global Investors
3.68874%
Capital World Investors
Capital World Investors
3.09473%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.20539%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
1.70419%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
1.60342%
MandG Investment Managers (Pty) Ltd
MandG Investment Managers (Pty) Ltd
...

MTN Group Beneficial Ownership Filings (SEC 13D/G)

Free Float
94.0%
Float Shares
-
Shares Outstanding
-

MTN Group Executives and Management Board

32 members · avg. age 56 · 28 % women

RM

Mr. Ralph Mupita (51)

Group President, Chief Executive Officer, Executive Director · since 2017

80.38 M ZAR

Management

JS

Mr. Jens Schulte-Bockum (58)

Group Chief Operating Officer

53.38 M ZAR
EA

Mr. Ebenezer Asante (57)

Senior Vice President - Markets

50.20 M ZAR
IJ

Mr. Ismail Jaroudi (53)

Vice President - Middle East and North Africa

49.86 M ZAR
FM

Mr. Ferdinand Moolman (61)

Group Chief Risk Officer

41.75 M ZAR
KT

Mr. Karl Toriola (52)

Chief Executive Officer - MTN Nigeria

40.71 M ZAR
PN

Mr. Paul Norman (58)

Group Chief Human Resource Officer · since 2019

34.06 M ZAR

Board of Directors

MJ

Mr. Mcebisi Jonas (64)

Non-Executive Independent Chairman of the Board

5.76 M ZAR
TP

Mr. Tim Pennington (64)

Non-Executive Independent Director

4.69 M ZAR
VR

Mr. Vincent Rague (71)

Non-Executive Independent Director

4.30 M ZAR
LS

Mr. Lamido Sanusi (62)

Non-Executive Independent Director

4.17 M ZAR
SM

Mr. Stanley Miller (65)

Non-Executive Independent Director

4.11 M ZAR
SK

Mr. Shaygan Kheradpir (63)

Non-Executive Independent Director

4.01 M ZAR

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 -99.1 % versus the latest price. The consensus is based on 13 analyst ratings.

MTN Group Analyst Price Targets 2026

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 253.00 B ZAR and earnings per share of 17.05 ZAR.

MTN Group Analyst Price Targets 2026

Converted at the current exchange rate, the MTN Group share trades at 1,089.12 EUR (20,350.00 ZAR).

The MTN Group share (MTN.JO) is listed on 5 stock exchanges, including: 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 253.00 B ZAR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of MTN Group is 30.80 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 1,193.57. 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 145.31. 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 2/10.

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.

Over the past 12 months, MTN Group paid a dividend of 3.30 ZAR . This corresponds to a dividend yield of about 0.02 %. For the coming 12 months, MTN Group is expected to pay a dividend of 3.45 ZAR.

The current dividend yield of MTN Group is 0.02 %.

MTN Group pays a dividend, distributed in the months of , , , .

MTN Group paid dividends every year for the past 4 years.

For the upcoming 12 months, dividends amounting to 3.45 ZAR are expected. This corresponds to a dividend yield of 0.02 %.

MTN Group is assigned to the 'Communication' sector.

To receive the latest dividend of MTN Group from amounting to 3.45 ZAR, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, MTN Group distributed 3.3 ZAR as dividends.

The dividends of MTN Group are distributed in ZAR.

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.

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