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Vodacom Valuation Multiples
Discover revenue and EBITDA valuation multiples for Vodacom and similar public comparables like Airtel Africa, TIM, Telkom Indonesia, Rogers and more.
Vodacom Overview
About Vodacom
Vodacom Group Ltd is a telecommunications provider. The company provides fixed-line, broadband, and mobile services. It earns revenue through two main segments: South Africa and international. International includes regions such as Tanzania, Democratic Republic of Congo, Mozambique, and Lesotho; the majority of revenue is sourced from South Africa. Vodacom also has an enterprise service product, whereby telecommunications and managed services are offered to enterprises. The company owns mobile infrastructure.
Founded
1993
HQ

Employees
13.9K
Website
Sectors
Financials (LTM)
EV
$20B
Vodacom Financials
Vodacom reported last 12-month revenue of $11B and EBITDA of $4B.
In the same LTM period, Vodacom generated $4B in EBITDA and $1B in net income.
Revenue (LTM)
Vodacom P&L
In the most recent fiscal year, Vodacom reported revenue of $9B and EBITDA of $4B.
Vodacom expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $11B | XXX | $9B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $6B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 61% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $4B | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 39% | XXX | XXX | XXX |
| EBIT Margin | 23% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 12% | XXX | 11% | XXX | XXX | XXX |
| Net Debt | — | — | $2B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Vodacom Stock Performance
Vodacom has current market cap of $17B, and enterprise value of $20B.
Market Cap Evolution
Vodacom's stock price is $8.86.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $20B | $17B | 0.0% | XXX | XXX | XXX | $0.53 |
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Start Free TrialVodacom Valuation Multiples
Vodacom trades at 1.9x EV/Revenue multiple, and 5.2x EV/EBITDA.
EV / Revenue (LTM)
Vodacom Financial Valuation Multiples
As of April 20, 2026, Vodacom has market cap of $17B and EV of $20B.
Equity research analysts estimate Vodacom's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Vodacom has a P/E ratio of 13.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $17B | XXX | $17B | XXX | XXX | XXX |
| EV (current) | $20B | XXX | $20B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | 5.2x | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBIT | 8.3x | XXX | 10.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.6x | XXX | XXX | XXX |
| P/E | 13.8x | XXX | 16.8x | XXX | XXX | XXX |
| EV/FCF | 8.1x | XXX | 11.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Vodacom 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.


Vodacom Margins & Growth Rates
Vodacom's revenue in the last 12 month grew by 35%.
Vodacom's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.3M for the same period.
Vodacom's rule of 40 is 71% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Vodacom's rule of X is 117% (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).
Vodacom Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 35% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 38% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Growth | 47% | XXX | 7% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 71% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 117% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 39% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Vodacom Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Vodacom | XXX | XXX | XXX | XXX | XXX | XXX |
| Airtel Africa | XXX | XXX | XXX | XXX | XXX | XXX |
| TIM | XXX | XXX | XXX | XXX | XXX | XXX |
| Telkom Indonesia | XXX | XXX | XXX | XXX | XXX | XXX |
| Rogers | XXX | XXX | XXX | XXX | XXX | XXX |
| True Corporation | 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.
Vodacom M&A Activity
Vodacom acquired XXX companies to date.
Last acquisition by Vodacom was on XXXXXXXX, XXXXX. Vodacom acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Vodacom
| 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 TrialVodacom Investment Activity
Vodacom invested in XXX companies to date.
Vodacom made its latest investment on XXXXXXXX, XXXXX. Vodacom invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Vodacom
| 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 Vodacom
| When was Vodacom founded? | Vodacom was founded in 1993. |
| Where is Vodacom headquartered? | Vodacom is headquartered in South Africa. |
| How many employees does Vodacom have? | As of today, Vodacom has over 13K employees. |
| Who is the CEO of Vodacom? | Vodacom's CEO is Mohamed Shameel Aziz Joosub. |
| Is Vodacom publicly listed? | Yes, Vodacom is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of Vodacom? | Vodacom trades under VOD ticker. |
| When did Vodacom go public? | Vodacom went public in 2009. |
| Who are competitors of Vodacom? | Vodacom main competitors are Airtel Africa, TIM, Telkom Indonesia, Rogers. |
| What is the current market cap of Vodacom? | Vodacom's current market cap is $17B. |
| What is the current revenue of Vodacom? | Vodacom's last 12 months revenue is $11B. |
| What is the current revenue growth of Vodacom? | Vodacom revenue growth (NTM/LTM) is 35%. |
| What is the current EV/Revenue multiple of Vodacom? | Current revenue multiple of Vodacom is 1.9x. |
| Is Vodacom profitable? | Yes, Vodacom is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Vodacom? | Vodacom's last 12 months EBITDA is $4B. |
| What is Vodacom's EBITDA margin? | Vodacom's last 12 months EBITDA margin is 38%. |
| What is the current EV/EBITDA multiple of Vodacom? | Current EBITDA multiple of Vodacom is 5.2x. |
| What is the current FCF of Vodacom? | Vodacom's last 12 months FCF is $3B. |
| What is Vodacom's FCF margin? | Vodacom's last 12 months FCF margin is 24%. |
| What is the current EV/FCF multiple of Vodacom? | Current FCF multiple of Vodacom is 8.1x. |
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