Vodacom Group (VOD.JO) Stock Price

Vodacom Group Price

JSE·CLOSED
16,050.00ZAR+125.00 (+0.78 %)
Market closed

Over the last 19 years Vodacom Group grew revenue by 8.2% annually, reaching 152.23 B ZAR. Earnings per share have grown at 4.9% per year over the last 19 years. For Vodacom Group, the net margin of 10.9% is down versus 16.9% a few years ago. At today's price the dividend yield works out to roughly 0.04%. The payout ratio is around 79% of earnings. The dividend has grown at 11.9% per year over the past 16 years. The consensus 12-month price target for Vodacom Group is 148.92 ZAR, about 99.1% below where the stock trades today. Of 14 analysts, 0 rate the stock a buy — an overall Sell consensus. The stock trades about 22% above its 52-week low.

Vodacom 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 Vodacom 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 Vodacom 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 Vodacom 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.

Vodacom Group Stock Price History
DateVodacom Group Price
8/6/202616,050.00 ZAR
8/5/202615,925.00 ZAR
8/4/202616,112.00 ZAR
7/31/202616,004.00 ZAR
7/30/202615,789.00 ZAR
7/29/202615,614.00 ZAR
7/28/202615,800.00 ZAR
7/27/202615,745.00 ZAR
7/24/202615,372.00 ZAR
7/23/202615,248.00 ZAR
7/22/202615,616.00 ZAR
7/21/202615,246.00 ZAR
7/20/202615,253.00 ZAR
7/17/202615,651.00 ZAR
7/16/202615,563.00 ZAR
7/15/202615,528.00 ZAR
7/14/202615,525.00 ZAR
7/13/202615,511.00 ZAR
7/10/202615,259.00 ZAR
7/9/202615,002.00 ZAR
7/8/202614,690.00 ZAR
7/7/202615,100.00 ZAR
7/6/202615,281.00 ZAR
7/3/202615,160.00 ZAR
7/2/202615,100.00 ZAR
7/1/202614,792.00 ZAR
6/30/202615,177.00 ZAR
6/29/202614,990.00 ZAR
6/26/202615,100.00 ZAR
6/25/202615,168.00 ZAR
6/24/202614,870.00 ZAR
6/23/202614,391.00 ZAR
6/22/202614,472.00 ZAR
6/19/202614,917.00 ZAR
6/18/202614,502.00 ZAR
6/17/202614,564.00 ZAR
6/15/202615,229.00 ZAR
6/12/202615,100.00 ZAR
6/11/202614,987.00 ZAR
6/10/202614,827.00 ZAR
6/9/202614,868.00 ZAR
6/8/202615,160.00 ZAR
6/5/202615,370.00 ZAR
6/4/202615,158.00 ZAR
6/3/202615,165.00 ZAR
6/2/202615,086.00 ZAR
6/1/202615,091.00 ZAR
5/29/202615,400.00 ZAR
5/28/202615,416.00 ZAR
5/27/202615,206.00 ZAR
5/26/202615,156.00 ZAR
5/25/202615,227.00 ZAR
5/22/202615,121.00 ZAR
5/21/202615,229.00 ZAR
5/20/202615,252.00 ZAR
5/19/202615,202.00 ZAR
5/18/202615,128.00 ZAR
5/15/202615,395.00 ZAR
5/14/202615,626.00 ZAR
5/13/202615,404.00 ZAR
5/12/202615,590.00 ZAR
5/11/202615,275.00 ZAR
5/8/202614,616.00 ZAR
5/7/202614,765.00 ZAR
5/6/202615,311.00 ZAR
5/5/202614,905.00 ZAR
5/4/202614,157.00 ZAR
4/30/202614,131.00 ZAR
4/29/202614,129.00 ZAR
4/28/202614,401.00 ZAR
4/24/202614,571.00 ZAR
4/23/202614,500.00 ZAR
4/22/202614,454.00 ZAR
4/21/202614,650.00 ZAR
4/20/202614,400.00 ZAR
4/17/202614,364.00 ZAR
4/16/202614,545.00 ZAR
4/15/202614,531.00 ZAR
4/14/202614,537.00 ZAR
4/13/202614,439.00 ZAR
4/10/202614,718.00 ZAR
4/9/202614,921.00 ZAR
4/8/202614,920.00 ZAR
4/7/202614,380.00 ZAR
4/2/202614,411.00 ZAR
4/1/202614,486.00 ZAR
3/31/202614,432.00 ZAR
3/30/202614,400.00 ZAR
3/27/202614,686.00 ZAR
3/26/202615,007.00 ZAR
3/25/202614,948.00 ZAR
3/24/202614,731.00 ZAR
3/23/202614,283.00 ZAR
3/20/202614,388.00 ZAR
3/19/202614,586.00 ZAR
3/18/202614,798.00 ZAR
3/17/202614,938.00 ZAR
3/16/202615,020.00 ZAR
3/13/202614,601.00 ZAR
3/12/202614,767.00 ZAR
3/11/202614,884.00 ZAR
3/10/202615,151.00 ZAR
3/9/202615,199.00 ZAR
3/6/202615,534.00 ZAR
3/5/202615,917.00 ZAR
3/4/202615,982.00 ZAR
3/3/202615,864.00 ZAR
3/2/202616,398.00 ZAR
2/27/202616,274.00 ZAR
2/26/202616,060.00 ZAR
2/25/202616,300.00 ZAR
2/24/202616,219.00 ZAR
2/23/202615,953.00 ZAR
2/20/202615,909.00 ZAR
2/19/202615,785.00 ZAR
2/18/202615,993.00 ZAR
2/17/202615,759.00 ZAR
2/16/202615,769.00 ZAR
2/13/202615,562.00 ZAR
2/12/202615,653.00 ZAR
2/11/202615,499.00 ZAR
2/10/202615,576.00 ZAR
2/9/202615,536.00 ZAR
2/6/202615,395.00 ZAR
2/5/202615,232.00 ZAR
2/4/202615,456.00 ZAR
2/3/202615,567.65 ZAR
2/2/202615,340.00 ZAR
1/30/202615,056.00 ZAR
1/29/202614,984.00 ZAR
1/28/202614,872.00 ZAR
1/27/202615,160.00 ZAR
1/26/202615,161.00 ZAR
1/23/202614,701.00 ZAR
1/22/202614,816.00 ZAR
1/21/202614,460.00 ZAR
1/20/202614,370.00 ZAR
1/19/202614,290.00 ZAR
1/16/202614,341.00 ZAR
1/15/202614,307.00 ZAR
1/14/202614,164.00 ZAR
1/13/202614,296.00 ZAR
1/12/202614,424.00 ZAR
1/9/202614,448.00 ZAR
1/8/202614,553.00 ZAR
1/7/202614,400.00 ZAR
1/6/202614,405.00 ZAR
1/5/202614,067.00 ZAR
1/2/202614,110.00 ZAR
12/31/202514,131.00 ZAR
12/30/202514,110.00 ZAR
12/29/202514,046.00 ZAR
12/24/202513,829.00 ZAR
12/23/202513,883.00 ZAR
12/22/202513,630.00 ZAR
12/19/202513,657.00 ZAR
12/18/202513,594.00 ZAR
12/17/202513,596.61 ZAR
12/15/202513,350.00 ZAR
12/12/202513,328.00 ZAR
12/11/202513,437.00 ZAR
12/10/202513,338.05 ZAR
12/9/202513,500.00 ZAR
12/8/202513,375.00 ZAR
12/5/202513,401.00 ZAR
12/4/202513,238.00 ZAR
12/3/202513,340.00 ZAR
12/2/202513,513.00 ZAR
12/1/202513,423.00 ZAR
11/28/202513,418.00 ZAR
11/27/202513,614.00 ZAR
11/26/202513,742.00 ZAR
11/25/202514,093.00 ZAR
11/24/202513,968.00 ZAR
11/21/202513,771.00 ZAR
11/20/202514,076.00 ZAR
11/19/202514,053.00 ZAR
11/18/202514,013.00 ZAR
11/17/202514,018.00 ZAR
11/14/202513,939.00 ZAR
11/13/202514,000.00 ZAR
11/12/202513,775.00 ZAR
11/11/202513,951.00 ZAR
11/10/202513,633.00 ZAR
11/7/202513,619.00 ZAR
11/6/202513,779.00 ZAR
11/5/202513,577.00 ZAR
11/4/202513,487.00 ZAR
11/3/202513,905.00 ZAR
10/31/202514,004.00 ZAR
10/30/202513,900.00 ZAR
10/29/202514,049.00 ZAR
10/28/202513,956.00 ZAR
10/27/202513,630.00 ZAR
10/24/202513,670.00 ZAR
10/23/202513,729.00 ZAR
10/22/202513,792.00 ZAR
10/21/202513,700.00 ZAR
10/20/202513,632.00 ZAR
10/17/202513,487.00 ZAR
10/16/202513,438.63 ZAR
10/15/202513,484.00 ZAR
10/14/202513,244.00 ZAR
10/13/202513,823.00 ZAR
10/10/202513,761.00 ZAR
10/9/202513,607.00 ZAR
10/8/202513,560.00 ZAR
10/7/202513,351.00 ZAR
10/6/202513,302.00 ZAR
10/3/202513,500.00 ZAR
10/2/202513,339.00 ZAR
10/1/202513,436.00 ZAR
9/30/202513,329.00 ZAR
9/29/202513,176.00 ZAR
9/26/202513,290.00 ZAR
9/25/202513,103.00 ZAR
9/23/202513,243.00 ZAR
9/22/202513,340.00 ZAR
9/19/202513,274.00 ZAR
9/18/202513,439.00 ZAR
9/17/202513,529.00 ZAR
9/16/202513,452.00 ZAR
9/15/202513,446.00 ZAR
9/12/202513,355.00 ZAR
9/11/202513,573.00 ZAR
9/10/202513,738.00 ZAR
9/9/202513,674.00 ZAR
9/8/202513,698.00 ZAR
9/5/202513,799.00 ZAR
9/4/202513,589.00 ZAR
9/3/202513,677.00 ZAR
9/2/202513,888.00 ZAR
9/1/202514,042.00 ZAR
8/29/202514,217.00 ZAR
8/28/202514,367.89 ZAR
8/27/202514,143.00 ZAR
8/26/202514,245.00 ZAR
8/25/202514,382.00 ZAR
8/22/202514,617.00 ZAR
8/21/202514,300.00 ZAR
8/20/202514,152.00 ZAR
8/19/202514,108.00 ZAR
8/18/202514,132.00 ZAR
8/15/202514,350.00 ZAR
8/14/202514,451.00 ZAR
8/13/202514,155.00 ZAR
8/12/202513,873.03 ZAR
8/11/202513,611.00 ZAR
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Vodacom 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, 2023
119.17 B ZAR
27.51 B ZAR
16.77 B ZAR
Jan 1, 2024
150.59 B ZAR
33.14 B ZAR
16.29 B ZAR
Jan 1, 2025
152.23 B ZAR
33.10 B ZAR
16.60 B ZAR
Jan 1, 2026 (e)
166.22 B ZAR
41.80 B ZAR
20.11 B ZAR
Jan 1, 2027 (e)
206.60 B ZAR
51.95 B ZAR
22.90 B ZAR
Jan 1, 2028 (e)
237.12 B ZAR
59.63 B ZAR
26.33 B ZAR
Jan 1, 2029 (e)
253.68 B ZAR
63.79 B ZAR
29.94 B ZAR
Jan 1, 2030 (e)
244.54 B ZAR
61.49 B ZAR
0.00 ZAR

Vodacom Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 10, 2026, 4:25 AM
 
REVENUEB ZAR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB ZAR
EBITB ZAR
EBIT MARGIN%
NET INCOMEB ZAR
NET INCOME GROWTH%
DIV.ZAR
DIV. GROWTH%
SHARESB
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
74.5080.0881.2886.3786.6390.7598.30102.74119.17150.59152.23166.22206.60237.12253.68244.54
-1.607.491.506.260.304.758.334.5116.0026.371.089.1924.2914.776.98-3.60
58.9460.5562.5061.0263.7263.7763.1062.4061.4561.6961.0261.0261.0261.0261.0261.02
43.9148.4850.8052.7055.2057.8762.0364.1173.2392.8992.89101.43126.07144.69154.79149.22
19.4221.3121.8322.7521.7523.5625.2425.8827.5133.1433.1041.8051.9559.6363.7961.49
26.0626.6126.8626.3425.1025.9625.6725.1923.0822.0121.7425.1525.1525.1525.1525.15
12.6712.9213.4215.3414.8215.9416.5817.1616.7716.2916.6020.1122.9026.3329.94–
-4.311.933.8814.35-3.407.574.003.51-2.31-2.831.8821.1413.8715.0113.69–
7.957.908.258.204.608.208.307.706.356.026.656.656.656.65––
-1.24-0.634.43-0.61-43.9078.261.22-7.23-17.53-5.2010.47–––––
1.471.471.471.621.731.731.731.741.821.971.961.961.961.961.961.96
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 Vodacom 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 Vodacom 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 Vodacom 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 Vodacom 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 Vodacom 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.

Vodacom Group stock margins

The Vodacom Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Vodacom 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 Vodacom 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, 2021
63.10 %
25.67 %
16.87 %
Jan 1, 2022
62.40 %
25.19 %
16.71 %
Jan 1, 2023
61.45 %
23.08 %
14.07 %
Jan 1, 2024
61.69 %
22.01 %
10.82 %
Jan 1, 2025
61.02 %
21.74 %
10.90 %
Jan 1, 2026 (e)
61.02 %
25.15 %
12.10 %
Jan 1, 2027 (e)
61.02 %
25.15 %
11.08 %
Jan 1, 2028 (e)
61.02 %
25.15 %
11.11 %

Vodacom Group Stock Revenue, EBIT, Earnings per Share

The Vodacom Group earnings per share therefore indicates how much revenue Vodacom 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, 2021
56.68 ZAR
14.55 ZAR
9.56 ZAR
Jan 1, 2022
58.90 ZAR
14.84 ZAR
9.84 ZAR
Jan 1, 2023
65.49 ZAR
15.12 ZAR
9.21 ZAR
Jan 1, 2024
76.44 ZAR
16.82 ZAR
8.27 ZAR
Jan 1, 2025
77.48 ZAR
16.85 ZAR
8.45 ZAR
Jan 1, 2026 (e)
84.60 ZAR
21.27 ZAR
10.23 ZAR
Jan 1, 2027 (e)
105.16 ZAR
26.44 ZAR
11.65 ZAR
Jan 1, 2028 (e)
120.69 ZAR
30.35 ZAR
13.40 ZAR

Vodacom Group business model & stock analysis

Vodacom Group Ltd is an internationally operating South African telecommunications company founded in 1994 as a joint venture between British mobile operator Vodafone and the South African Telkom Group. With over 115 million customers in 32 countries in Africa, the Middle East, and Europe, Vodacom is one of the largest mobile companies on the continent. The Vodacom group employs over 6,000 employees. The main business areas of Vodacom are mobile telephony, fixed-line, and data services. The company offers both prepaid and contract services and serves both business and private customers. Vodacom is an important player in the African market and positions itself as a leading company in the technology industry. In recent years, the Vodacom group has become a major provider of data services, due to the increasing penetration of the internet in Africa. In addition to mobile services, the company also offers mobile banking services under the name "M-PESA". With M-PESA, customers can send and receive money, pay bills, and deposit money into a bank account. The company has also invested in the development of Internet of Things (IoT) technology to gain a stronger presence in the international market. Vodacom is known for its involvement with the Vodacom Blue Bulls rugby team and is also the main sponsor of the South African national football team. The Vodacom group has a strong presence in South Africa and other countries on the continent. The company's history dates back to the 1990s when it was established in collaboration with the South African government to improve access to telecommunications services in South Africa. In 2006, Vodacom was fully acquired by Vodafone. Vodacom's business model is based on providing mobile, fixed-line, and data services to business and private customers. The company's focus is on developing data and internet services for customers in Africa, amidst the increasing demand for these services. As a result of the advancing digitalization and the increasing number of mobile phone owners in Africa, Vodacom's business is growing. The company has a strong infrastructure in the key markets of the region and is investing in new technologies to remain competitive. Overall, the Vodacom group offers a wide range of services aimed at facilitating communication in Africa. These include mobile telephony, fixed-line, mobile banking services, Internet of Things (IoT) technology, and more. Vodacom is an important player in the telecommunications sector and has become one of the most well-known companies in Africa. The company remains committed to improving communication infrastructure on the continent and investing in future-oriented technologies.

Vodacom Group SWOT Analysis

Strengths

Vodacom Group Ltd has several strengths that contribute to its success. Firstly, it is a leading telecommunications company with a strong market presence in multiple African countries. This broad footprint allows Vodacom to reach a large customer base and leverage its brand recognition.

Secondly, Vodacom has a robust infrastructure that includes a widespread network of towers and fiber connections. This infrastructure enables the company to provide reliable and fast communication services to its customers.

Additionally, Vodacom has established strategic partnerships with other telecom operators and technology companies, allowing the company to access innovative products and services.

Weaknesses

Despite its strengths, Vodacom also faces some weaknesses. One of the main weaknesses is its limited presence outside of the African market. This restricts the company's growth opportunities compared to global competitors.

Another weakness is the potential dependence on government regulations and policies in the countries where Vodacom operates. Changes in regulations or political instability could impact the company's operations and profitability.

Opportunities

Vodacom has several opportunities to capitalize on in the telecommunications industry. One opportunity is the increasing demand for mobile data and internet services, particularly in Africa. The company can expand its offerings and capture a larger share of this growing market.

Another opportunity is the advancement of technology, such as the deployment of 5G networks. Vodacom can invest in upgrading its infrastructure and introducing new services to meet the evolving needs of customers.

Threats

Vodacom faces various threats that could impact its business. One major threat is the intense competition in the telecommunications industry. Rival companies may offer similar services at lower prices or with better features, leading to customer churn and potential revenue loss.

Additionally, regulatory changes or restrictions imposed by governments could pose a threat to Vodacom's operations. This includes potential limitations on pricing, spectrum availability, or market entry barriers.

Vodacom 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.

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

Vodacom Group annual returns

Details

Annual Return

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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.

Vodacom Group shares outstanding

The number of shares of Vodacom Group was 1.96 B in 2025. This indicates how many shares Vodacom 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, 2021
1.73 B Stocks
Jan 1, 2022
1.74 B Stocks
Jan 1, 2023
1.82 B Stocks
Jan 1, 2024
1.97 B Stocks
Jan 1, 2025
1.96 B Stocks
Jan 1, 2026 (e)
1.96 B Stocks
Jan 1, 2027 (e)
1.96 B Stocks
Jan 1, 2028 (e)
1.96 B Stocks

Vodacom Group Dividend History

18 years of dividend payments

YearAnnual DividendYoY ChangePayments
2026405.00ZARYTD—1×
Jun 17, 2026405.00ZAR↑ 12,172.7%1/1
20256.65ZAR↑ 10.5%2×
Jun 18, 20253.35ZAR↑ 1,993.8%1/2
Nov 26, 20253.30ZAR↓ 1.5%2/2
20246.02ZAR↓ 5.2%4×
20236.35ZAR↓ 17.5%2×
20227.70ZAR↓ 7.2%2×
20218.30ZAR↑ 1.2%2×
20208.20ZAR↑ 78.3%2×
20194.60ZAR↓ 43.9%2×
20188.20ZAR↓ 0.6%2×
20178.25ZAR↑ 3.8%2×

Vodacom Group dividend history and estimates

In 2025, Vodacom Group paid a dividend amounting to 6.65 ZAR. Dividend means that Vodacom Group distributes a portion of its profits to its owners.

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
8.30 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2022
7.70 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2023
6.35 ZAR
0.00 ZAR
0.60 ZAR
Jan 1, 2024
6.02 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2025
6.65 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2026
6.65 ZAR
0.00 ZAR
0.00 ZAR
Jan 1, 2027 (e)
0.00 ZAR
6.65 ZAR
0.00 ZAR
Jan 1, 2028 (e)
0.00 ZAR
6.65 ZAR
0.00 ZAR

Vodacom Group dividend payout ratio

In 2025, Vodacom Group had a payout ratio of 78.72%. The payout ratio indicates the percentage of the company's profits that Vodacom Group distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
86.82 %
Jan 1, 2022
78.26 %
Jan 1, 2023
68.91 %
Jan 1, 2024
62.57 %
Jan 1, 2025
78.72 %
Jan 1, 2026 (e)
64.98 %
Jan 1, 2027 (e)
57.06 %
Jan 1, 2028 (e)
49.62 %

Current Vodacom Group forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
4.29 %
Buy
0.00 % (0)
Hold
57.14 % (8)
Sell
42.86 % (6)
12M Price Target
148.92
Last Price
15,763.00
Currency
ZAR
12M Return Potential
-99.06 %
LTM Return
0 %

EESG©

Eulerpool ESG Scorecard© for the Vodacom Group stock

80/100
99
Environment
99
Social
42
Governance
E

Environment

20
Scope 1 - Direct Emissions196,580.5
Scope 2 - Indirect emissions from purchased energy759,743.8
Scope 3 - Indirect emissions within the value chain1,394,078.6
Total CO₂ emissions956,324.3
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 employees36.9
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.

Vodacom Group shareholder structure

% Name
0.42541%
BlackRock Advisors (UK) Limited
BlackRock Advisors (UK) Limited
0.16838%
Dimensional Fund Advisors, L.P.
Dimensional Fund Advisors, L.P.
0.16547%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
0.15432%
Wellington Management Company, LLP
Wellington Management Company, LLP
0.14721%
Charles Schwab Investment Management, Inc.
Charles Schwab Investment Management, Inc.
0.14145%
North of South Capital LLP
North of South Capital LLP
...

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

Free Float
28.5%
Float Shares
-
Shares Outstanding
-

Vodacom Group Executives and Management Board

25 members · avg. age 52 · 28 % women

MJ

Mr. Mohamed Shameel Aziz Joosub (53)

Group Chief Executive Officer, Executive Director · since 2012

61.74 M ZAR

Management

RM

Mrs. Raisibe Morathi (54)

Chief Financial Officer, Executive Director · since 2020

30.11 M ZAR
NN

Mr. Nkateko Nyoka (61)

Chief Officer - Legal, Risk and Compliance

11.91 M ZAR
MA

Mr. Mohamed Abdallah (48)

Chief Executive Officer of Vodafone Egypt

–
MC

Ms. Mariam Cassim (42)

Chief Executive Officer of Vodacom Financial and Digital Lifestyle Services

–
SM

Mr. Sitholizwe Mdlalose (44)

Chief Executive Officer of Vodacom South Africa

–
PN

Mr. Peter Ndegwa (56)

Chief Executive Officer of Safaricom

–

Board of Directors

SM

Mr. Sakumzi Macozoma (66)

Independent Non-Executive Chairman of the Board

3.70 M ZAR
KS

Mr. Khumo Shuenyane (53)

Non-Executive Lead Independent Director

1.75 M ZAR
CT

Mr. Clive Thomson (58)

Non-Executive Independent Director

1.36 M ZAR
PM

Ms. Phuthi Mahanyele-Dabengwa (53)

Non-Executive Independent Director

1.08 M ZAR
LW

Ms. Leanne Wood (51)

Non-Executive Director

1.07 M ZAR
NN

Ms. Nomkhita Nqweni (49)

Non-Executive Independent Director

980,193.00 ZAR

Frequently asked questions about Vodacom Group

Vodacom Group Ltd is a telecommunications company with a comprehensive business model. Operating in various markets, it offers mobile voice, data, messaging, and convergent services to both individual consumers and businesses. Vodacom focuses on providing innovative and reliable connectivity solutions, aiming to enhance communication and enrich the lives of its customers. With extensive network infrastructure and strategic partnerships, the company delivers superior mobile and fixed-line services, supporting digital transformation and driving economic growth. By consistently adapting to evolving technologies and consumer needs, Vodacom Group Ltd remains a leading telecommunications company committed to delivering exceptional connectivity experiences.

Vodacom Group Ltd is primarily active in the telecommunications industry.

The main competitors of Vodacom Group Ltd in the market are MTN Group Ltd and Cell C Pty Ltd.

Vodacom Group Ltd is a telecommunications company based in South Africa. Established in 1994, the company has since grown to become one of the continent's leading mobile network providers. Vodacom has a rich history of innovation and expansion, offering a wide range of services including voice, data, and mobile payment solutions. With a focus on providing reliable and affordable connectivity, Vodacom has played a key role in connecting millions of people across Africa. The company has also expanded its operations beyond South Africa, operating in several other African countries, including Tanzania, Mozambique, and the Democratic Republic of Congo. Vodacom Group Ltd continues to be a major player in the telecommunications industry, driving digital transformation and contributing to economic growth in the regions it operates.

Vodacom Group Ltd has achieved several significant milestones throughout its history. One of the notable achievements is the company's listing on the Johannesburg Stock Exchange in 2009, which marked a major milestone in its growth and development. Additionally, Vodacom Group Ltd expanded its operations internationally by establishing strategic partnerships and acquiring companies in various African countries. The company also played an instrumental role in the advancement of mobile telecommunications services and technologies, particularly in South Africa. Vodacom Group Ltd's commitment to innovation and customer-centric approach has enabled it to become a leading telecommunications provider in the region.

Vodacom Group Ltd is primarily present in various countries and regions across Africa, including South Africa, Tanzania, the Democratic Republic of Congo, Mozambique, and Lesotho. With a strong presence in these markets, Vodacom has established itself as a leading mobile communications company, offering a wide range of services and products to millions of customers. As a telecommunications giant, Vodacom continues to expand its footprint in Africa, providing reliable and innovative connectivity solutions to support the continent's growing digital economy.

Vodacom Group Ltd represents a strong commitment to delivering value to its customers through innovative and reliable telecommunications services. The company prioritizes customer satisfaction and strives to exceed expectations by providing high-quality, efficient, and reliable communication solutions. Vodacom Group Ltd has a corporate philosophy focused on driving digital inclusion and enabling socio-economic development in the communities it serves. By investing in infrastructure and technology, the company aims to empower individuals, businesses, and society as a whole. With a customer-centric approach and a commitment to fostering growth and development, Vodacom Group Ltd stands as a trusted leader in the telecommunications industry.

Analysts currently set an average price target of 148.58 ZAR for the Vodacom Group stock (median: 148.92 ZAR), implying -99.1 % versus the latest price. The consensus is based on 14 analyst ratings.

Vodacom Group Analyst Price Targets 2026

14 analysts currently rate the Vodacom Group stock: 0 recommend buying, 8 holding and 6 selling. For 2026, analysts expect Vodacom Group to generate revenue of 166.22 B ZAR and earnings per share of 10.23 ZAR.

Vodacom Group Analyst Price Targets 2026

Converted at the current exchange rate, the Vodacom Group share trades at 859.31 EUR (16,050.00 ZAR).

The Vodacom Group share (VOD.JO) is listed on 4 stock exchanges, including: Frankfurt (5VD.F), München (5VD.MU).

Vodacom Group Ltd is a leading mobile network provider in Africa based in South Africa. The company has a presence in various African countries and offers a wide range of products and services, including mobile telephony, fixed-line telephony, broadband internet, and data solutions. Vodacom's business model is based on providing high-quality communication services and innovating new solutions to meet the needs of customers.

The expected revenue of Vodacom Group is 166.22 B ZAR. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Vodacom Group is 20.11 B ZAR. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Vodacom Group is currently 1,568.26. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Vodacom Group stock.

The price-to-sales ratio (P/S) of Vodacom Group is currently 189.71. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Vodacom Group stock.

The Eulerpool Quality Score for Vodacom Group is 7/10.

The ISIN of Vodacom Group is ZAE000132577. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Vodacom Group is A0RM1C. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

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

Over the past 12 months, Vodacom Group paid a dividend of 6.65 ZAR . This corresponds to a dividend yield of about 0.04 %. For the coming 12 months, Vodacom Group is expected to pay a dividend of 6.65 ZAR.

The current dividend yield of Vodacom Group is 0.04 %.

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

Vodacom Group paid dividends every year for the past 17 years.

For the upcoming 12 months, dividends amounting to 6.65 ZAR are expected. This corresponds to a dividend yield of 0.04 %.

Vodacom Group is assigned to the 'Communication' sector.

In the year 2025, Vodacom Group distributed 6.35 ZAR as dividends.

The dividends of Vodacom Group are distributed in ZAR.

All fundamentals and in-depth analysis of Vodacom Group

Our stock analysis for Vodacom 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 Vodacom Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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