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Airtel Africa Plc AAF.L

GB · London Stock Exchange · XLON · stock · Communication Services · website

Airtel Africa Plc statistics & valuation

Market cap$11.8B
P / E17.4×
P / S1.8×
P / B3.8×
P / FCF5.1×
Dividend yield2.08%
Net margin10.6%
Return on equity21.6%
FCF margin36.2%
Net debt$5.8B
Enterprise value$21.8B
Earnings yield EBIT/EV12.1%
Return on capital23.7%

Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
12.60% -3.30% 4.40% 10.60% 2023202420252026
Gross margin (%)
68.10% 70.20% 70.30% 72.90% 2023202420252026
Operating margin (%)
33.70% 33.00% 29.50% 33.10% 2023202420252026
Return on equity (%)
18.20% -7.60% 8.80% 21.60% 2023202420252026
Shares outstanding
3.63B 3.63B 3.63B 3.63B 2023202420252026
Net debt ($)
$3.64B $3.84B $5.43B $5.77B 2023202420252026
Share buybacks ($)
$0 $9.0M $120.0M $74.0M 2023202420252026
Return on assets (%)
5.90% -1.70% 1.80% 4.90% 2023202420252026
Free cash flow margin (%)
18.00% 24.70% 28.40% 36.20% 2023202420252026
Debt / equity (×)
1.16× 2.07× 2.41× 2.04× 2023202420252026
EPS ($)
$0.18 -$0.04 $0.06 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin72.9%70.3%70.2%68.1%
Operating margin33.1%29.5%33.0%33.7%
Net margin10.6%4.4%-3.3%12.6%
FCF margin36.2%28.4%24.7%18.0%
Return on assets4.9%1.8%-1.7%5.9%
Return on equity21.6%8.8%-7.6%18.2%
Debt / equity0.37×0.49×0.44×0.34×
Current ratio0.580.510.570.53

Computed from company filings · GB · as of 2026-03-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.