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MTN Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for MTN Group and similar public comparables like Rogers, Bouygues, China United Network, China Satellite and more.
MTN Group Overview
About MTN Group
MTN Group Ltd is a mobile telecommunications provider operating across South Africa, Nigeria, Ghana, Cameroon, Ivory Coast, Uganda, Syria, and Sudan. The majority of the company's revenue is earned in South Africa and Nigeria. The company also has a joint venture in Iran. From a product perspective, the majority of its revenue is from voice and data. Other contributors include SMS and sale of devices revenue. MTN also provides enterprise services to small/midsize enterprises and corporate clients. The company owns the mobile infrastructure and data centers. Its segments include Network services, Mobile devices, Inter connect and roaming, Digital and fintech and others.
Founded
1994
HQ
Employees
14.5K
Website
Sectors
Financials (LTM)
EV
$25B
MTN Group Financials
MTN Group reported last 12-month revenue of $14B and EBITDA of $6B.
In the same LTM period, MTN Group generated $6B in EBITDA and $2B in net income.
Revenue (LTM)
MTN Group P&L
In the most recent fiscal year, MTN Group reported revenue of $11B and EBITDA of $4B.
MTN Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $14B | XXX | $11B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $8B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 70% | XXX | XXX | XXX |
| EBITDA | $6B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 31% | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | ($530M) | XXX | XXX | XXX |
| Net Margin | 12% | XXX | (5%) | XXX | XXX | XXX |
| Net Debt | — | — | $3B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
MTN Group Stock Performance
MTN Group has current market cap of $23B, and enterprise value of $25B.
Market Cap Evolution
MTN Group's stock price is $12.53.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $25B | $23B | (1.7%) | XXX | XXX | XXX | $-0.29 |
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Start Free TrialMTN Group Valuation Multiples
MTN Group trades at 1.8x EV/Revenue multiple, and 4.1x EV/EBITDA.
EV / Revenue (LTM)
MTN Group Financial Valuation Multiples
As of March 7, 2026, MTN Group has market cap of $23B and EV of $25B.
Equity research analysts estimate MTN Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MTN Group has a P/E ratio of 13.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $23B | XXX | $23B | XXX | XXX | XXX |
| EV (current) | $25B | XXX | $25B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 4.1x | XXX | 7.2x | XXX | XXX | XXX |
| EV/EBIT | 6.8x | XXX | 11.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.2x | XXX | XXX | XXX |
| P/E | 13.2x | XXX | (42.7x) | XXX | XXX | XXX |
| EV/FCF | 9.8x | XXX | 27.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified MTN Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
MTN Group Margins & Growth Rates
MTN Group's revenue in the last 12 month grew by 13%.
MTN Group's revenue per employee in the last FY averaged $1.0M.
MTN Group's rule of 40 is 57% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MTN Group's rule of X is 77% (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 Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Margin | 44% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 68% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 57% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 77% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 50% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
MTN Group Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Rogers | XXX | XXX | XXX | XXX | XXX | XXX |
| Bouygues | XXX | XXX | XXX | XXX | XXX | XXX |
| China United Network | XXX | XXX | XXX | XXX | XXX | XXX |
| China Satellite | XXX | XXX | XXX | XXX | XXX | XXX |
| KPN | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
MTN Group M&A Activity
MTN Group acquired XXX companies to date.
Last acquisition by MTN Group was on XXXXXXXX, XXXXX. MTN Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by MTN Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMTN Group Investment Activity
MTN Group invested in XXX companies to date.
MTN Group made its latest investment on XXXXXXXX, XXXXX. MTN Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by MTN Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout MTN Group
| When was MTN Group founded? | MTN Group was founded in 1994. |
| Where is MTN Group headquartered? | MTN Group is headquartered in South Africa. |
| How many employees does MTN Group have? | As of today, MTN Group has over 14K employees. |
| Is MTN Group publicly listed? | Yes, MTN Group is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of MTN Group? | MTN Group trades under MTN ticker. |
| When did MTN Group go public? | MTN Group went public in 1995. |
| Who are competitors of MTN Group? | MTN Group main competitors are Rogers, Bouygues, China United Network, China Satellite. |
| What is the current market cap of MTN Group? | MTN Group's current market cap is $23B. |
| What is the current revenue of MTN Group? | MTN Group's last 12 months revenue is $14B. |
| What is the current revenue growth of MTN Group? | MTN Group revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of MTN Group? | Current revenue multiple of MTN Group is 1.8x. |
| Is MTN Group profitable? | Yes, MTN Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of MTN Group? | MTN Group's last 12 months EBITDA is $6B. |
| What is MTN Group's EBITDA margin? | MTN Group's last 12 months EBITDA margin is 44%. |
| What is the current EV/EBITDA multiple of MTN Group? | Current EBITDA multiple of MTN Group is 4.1x. |
| What is the current FCF of MTN Group? | MTN Group's last 12 months FCF is $3B. |
| What is MTN Group's FCF margin? | MTN Group's last 12 months FCF margin is 19%. |
| What is the current EV/FCF multiple of MTN Group? | Current FCF multiple of MTN Group is 9.8x. |
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