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MTN Group Limited MTN.JO

ZA · Johannesburg Stock Exchange · XJSE · stock · Communication Services · website

MTN Group Limited statistics & valuation

Market capR 355.8B
P / E17.6×
P / S1.6×
P / B2.5×
P / FCF10.0×
Dividend yield1.75%
Net margin8.9%
Return on equity14.0%
FCF margin15.7%
Net debtR 104.1B
Enterprise value USD$28.5B
Earnings yield EBIT/EV13.9%
Return on capital21.2%
Graham number -99.3%R 139.99

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (R 139.99); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.20% 1.90% -5.00% 8.90% 2022202320242025
Gross margin (%)
72.90% 71.40% 69.90% 75.90% 2022202320242025
Operating margin (%)
27.90% 22.00% 20.30% 28.20% 2022202320242025
Return on equity (%)
16.60% 3.00% -7.60% 14.00% 2022202320242025
Shares outstanding
1.83B 1.83B 1.83B 1.83B 2022202320242025
Net debt (R )
R 93.49B R 111.64B R 126.63B R 104.10B 2022202320242025
Share buybacks (R )
R 1.42B R 1.30B R 1.24B R 513.0M 2022202320242025
Return on assets (%)
4.90% 0.90% -2.20% 4.10% 2022202320242025
Free cash flow margin (%)
10.80% 7.80% 7.60% 15.70% 2022202320242025
Debt / equity (×)
1.20× 1.08× 1.28× 1.01× 2022202320242025
EPS (R )
R 10.28 R 2.23 -R 5.19 R 11.01 2022202320242025

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)

RatioFY2025FY2024FY2023FY2022
Gross margin75.9%69.9%71.4%72.9%
Operating margin28.2%20.3%22.0%27.9%
Net margin8.9%-5.0%1.9%9.2%
FCF margin15.7%7.6%7.8%10.8%
Return on assets4.1%-2.2%0.9%4.9%
Return on equity14.0%-7.6%3.0%16.6%
Debt / equity0.36×0.54×0.40×0.57×
Current ratio0.940.960.880.96

Computed from company filings · ZA · as of 2025-12-31. Figures in ZAR. Facts plus Stocktoria's own computed scores — not investment advice.