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MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, high-quality telecommunications services, and mobile financial services in Nigeria. The group operates in three reportable segments, namely, Consumer Business Unit (CBU) which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value and Mass segments, Enterprise Business Unit (EBU) consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU) serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.
2000
1.8K+
LTM Revenue $2.5B
LTM EBITDA $1.1B
$5.6B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
MTN Nigeria has a last 12-month revenue (LTM) of $2.5B and a last 12-month EBITDA of $1.1B.
In the most recent fiscal year, MTN Nigeria achieved revenue of $2.1B and an EBITDA of $257M.
MTN Nigeria expects next 12-month revenue of XXX and NTM EBITDA of XXX
See MTN Nigeria valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.5B | XXX | $2.1B | XXX | XXX | XXX |
| Gross Profit | $2.2B | XXX | $1.1B | XXX | XXX | XXX |
| Gross Margin | 85% | XXX | 54% | XXX | XXX | XXX |
| EBITDA | $1.1B | XXX | $257M | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 12% | XXX | XXX | XXX |
| EBIT | $707M | XXX | $485M | XXX | XXX | XXX |
| EBIT Margin | 28% | XXX | 23% | XXX | XXX | XXX |
| Net Profit | $17.7M | XXX | -$252M | XXX | XXX | XXX |
| Net Margin | 1% | XXX | -12% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $453M | XXX | XXX | XXX |
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As of May 30, 2025, MTN Nigeria's stock price is NGN 280 (or $0).
MTN Nigeria has current market cap of NGN 5.87T (or $3.7B), and EV of NGN 8.82T (or $5.6B).
See MTN Nigeria trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5.6B | $3.7B | XXX | XXX | XXX | XXX | $0.00 |
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Start Free TrialAs of May 30, 2025, MTN Nigeria has market cap of $3.7B and EV of $5.6B.
MTN Nigeria's trades at 2.6x EV/Revenue multiple, and 21.6x EV/EBITDA.
Equity research analysts estimate MTN Nigeria's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
MTN Nigeria has a P/E ratio of 209.4x.
See valuation multiples for MTN Nigeria and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3.7B | XXX | $3.7B | XXX | XXX | XXX |
| EV (current) | $5.6B | XXX | $5.6B | XXX | XXX | XXX |
| EV/Revenue | 2.2x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 5.2x | XXX | 21.6x | XXX | XXX | XXX |
| EV/EBIT | 7.9x | XXX | 11.5x | XXX | XXX | XXX |
| EV/Gross Profit | 2.6x | XXX | n/a | XXX | XXX | XXX |
| P/E | 209.4x | XXX | -14.7x | XXX | XXX | XXX |
| EV/FCF | 12.0x | XXX | 22.6x | XXX | XXX | XXX |
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Start Free TrialMTN Nigeria's last 12 month revenue growth is 35%
MTN Nigeria's revenue per employee in the last FY averaged $1.1M, while opex per employee averaged $0.4M for the same period.
MTN Nigeria's rule of 40 is 53% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
MTN Nigeria's rule of X is 128% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for MTN Nigeria and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 35% | XXX | 34% | XXX | XXX | XXX |
| EBITDA Margin | 42% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 45% | XXX | 118% | XXX | XXX | XXX |
| Rule of 40 | 53% | XXX | 47% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 128% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.1M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 31% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| XXX | XXX | XXX | XXX | XXX | XXX | |
| e& | XXX | XXX | XXX | XXX | XXX | XXX |
| Space42 | XXX | XXX | XXX | XXX | XXX | XXX |
| Jordan Telecom | 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 |
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MTN Nigeria acquired XXX companies to date.
Last acquisition by MTN Nigeria was XXXXXXXX, XXXXX XXXXX XXXXXX . MTN Nigeria acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was MTN Nigeria founded? | MTN Nigeria was founded in 2000. |
| Where is MTN Nigeria headquartered? | MTN Nigeria is headquartered in Nigeria. |
| How many employees does MTN Nigeria have? | As of today, MTN Nigeria has 1.8K+ employees. |
| Is MTN Nigeria publicy listed? | Yes, MTN Nigeria is a public company listed on NSA. |
| What is the stock symbol of MTN Nigeria? | MTN Nigeria trades under MTNN ticker. |
| When did MTN Nigeria go public? | MTN Nigeria went public in 2019. |
| Who are competitors of MTN Nigeria? | Similar companies to MTN Nigeria include e.g. , e&, Space42, Jordan Telecom. |
| What is the current market cap of MTN Nigeria? | MTN Nigeria's current market cap is $3.7B |
| What is the current revenue of MTN Nigeria? | MTN Nigeria's last 12 months revenue is $2.5B. |
| What is the current revenue growth of MTN Nigeria? | MTN Nigeria revenue growth (NTM/LTM) is 35%. |
| What is the current EV/Revenue multiple of MTN Nigeria? | Current revenue multiple of MTN Nigeria is 2.2x. |
| Is MTN Nigeria profitable? | Yes, MTN Nigeria is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of MTN Nigeria? | MTN Nigeria's last 12 months EBITDA is $1.1B. |
| What is MTN Nigeria's EBITDA margin? | MTN Nigeria's last 12 months EBITDA margin is 42%. |
| What is the current EV/EBITDA multiple of MTN Nigeria? | Current EBITDA multiple of MTN Nigeria is 5.2x. |
| What is the current FCF of MTN Nigeria? | MTN Nigeria's last 12 months FCF is $465M. |
| What is MTN Nigeria's FCF margin? | MTN Nigeria's last 12 months FCF margin is 18%. |
| What is the current EV/FCF multiple of MTN Nigeria? | Current FCF multiple of MTN Nigeria is 12.0x. |
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