MTN Ghana Valuation Multiples

MTN Ghana Overview

About MTN Ghana

MTN Ghana is a Ghana-based company that provides mobile financial services in the financial services industry. The principal activities are the provision of telecommunication services including voice, data, and enterprise solutions, mobile financial services, the development of strategic partnerships to provide developed services, and the provision of consultancy and support services in the mobile banking, payment services and fintech space. The company has four reportable segments, namely Network services, Interconnect and roaming, Digital and Fintech, and devices and accessories, out of which it derives maximum revenue from Network services.

Founded

1994

HQ

Employees

1.5K

Website

mtn.com.gh

Sectors

Telecom Service Providers

Financials (LTM)

Revenue: $2B

EBITDA: $1B

EV

$4B

Valuation Multiples

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MTN Ghana Financials

MTN Ghana reported last 12-month revenue of $2B and EBITDA of $1B.

In the same LTM period, MTN Ghana generated $2B in gross profit, $1B in EBITDA, and $763M in net income.

MTN Ghana P&L

In the most recent fiscal year, MTN Ghana reported revenue of $2B and EBITDA of $963M.

MTN Ghana expects next 12-month revenue of XXX and NTM EBITDA of XXX

MTN Ghana Stock Performance

MTN Ghana has current market cap of $7B, and enterprise value of $4B.

MTN Ghana's stock price is $0.53.

MTN Ghana Valuation Multiples

MTN Ghana trades at 1.7x EV/Revenue multiple, and 2.9x EV/EBITDA.

MTN Ghana Financial Valuation Multiples

As of April 20, 2026, MTN Ghana has market cap of $7B and EV of $4B.

Equity research analysts estimate MTN Ghana's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

MTN Ghana has a P/E ratio of 9.1x.

MTN Ghana Margins & Growth Rates

MTN Ghana's revenue in the last 12 month grew by 20%.

MTN Ghana's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.4M for the same period.

MTN Ghana's rule of 40 is 75% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

MTN Ghana's rule of X is 100% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

MTN Ghana Public Comps

See public comps and valuation multiples for other Telecom Service Providers comps.

MTN Ghana M&A Activity

MTN Ghana acquired XXX companies to date.

Last acquisition by MTN Ghana was on XXXXXXXX, XXXXX. MTN Ghana acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

MTN Ghana Investment Activity

MTN Ghana invested in XXX companies to date.

MTN Ghana made its latest investment on XXXXXXXX, XXXXX. MTN Ghana invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).