Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM Pb Multiple | 2.6x - 2.9x | 2.8x |
| Historical Pb Multiple | 2.1x - 3.4x | 2.7x |
| Fair Value | $6.16 - $6.81 | $6.48 |
| Upside | 7.1% - 18.4% | 12.8% |
| Benchmarks | - | Full Ticker |
| Airtel Africa Plc | - | NGSE:AIRTELAFRI |
| Millicom International Cellular S.A. | - | NasdaqGS:TIGO |
| MTN Group Limited | - | JSE:MTN |
| Orange S.A. | - | BASE:ORAN |
| Globe Telecom, Inc. | - | PINC:GTME.F |
| Vodacom Group Limited | - | PINC:VODA.F |
| Select Price / Book Ratio | ||||||||
| Benchmark Companies | ||||||||
| AIRTELAFRI | TIGO | MTN | ORAN | GTME.F | VODA.F | |||
| NGSE:AIRTELAFRI | NasdaqGS:TIGO | JSE:MTN | BASE:ORAN | PINC:GTME.F | PINC:VODA.F | |||
| Historical Net Income Growth | ||||||||
| 5Y CAGR | NM- | 22.7% | NM- | -6.4% | 1.1% | 1.9% | ||
| 3Y CAGR | NM- | -25.5% | NM- | 526.5% | -0.4% | -0.6% | ||
| Latest Twelve Months | -55.2% | 397.7% | -334.4% | -4.6% | -1.1% | -15.3% | ||
| Historical Net Income Profit Margin | ||||||||
| 5 Year Average Margin | 9.5% | 1.1% | 6.3% | 6.9% | 14.6% | 16.0% | ||
| Prior Fiscal Year | 12.6% | -1.5% | 1.8% | 5.2% | 12.8% | 14.1% | ||
| Latest Fiscal Year | -3.3% | 4.4% | -5.1% | 4.9% | 12.7% | 10.8% | ||
| Latest Twelve Months | 1.3% | 4.4% | -5.1% | 4.9% | 12.7% | 9.7% | ||
| Return on Equity | ||||||||
| 5 Year Average Margin | 10.2% | 3.8% | 9.7% | 6.8% | 21.8% | 19.4% | ||
| Prior Fiscal Year | 18.6% | -2.4% | 3.2% | 6.5% | 15.0% | 20.3% | ||
| Latest Twelve Months | 2.5% | 7.2% | -7.3% | 6.2% | 14.1% | 17.2% | ||
| Next Fiscal Year | 11.9% | 12.2% | 14.6% | 9.3% | 13.6% | 17.0% | ||
| Two Fiscal Years Forward | 27.9% | 16.0% | 18.6% | 10.0% | 14.2% | 20.6% | ||
| Current Trading Multiples | ||||||||
| Price / LTM Sales | 1.8x | 1.0x | 1.2x | 0.8x | 1.5x | 1.7x | ||
| Price / LTM EPS | 139.3x | 21.8x | -23.0x | 17.1x | 12.2x | 17.9x | ||
| Price / Book | 3.5x | 1.5x | 1.8x | 1.1x | 1.7x | 3.2x | ||
| Price / Fwd Book | 2.7x | 1.4x | 1.6x | 0.6x | 1.9x | 2.1x | ||
| Low | Mid | High | ||||||
| Benchmark P/B Ratio | 1.1x | 1.7x | 3.5x | |||||
| Historical P/B Ratio | 2.1x | 2.7x | 3.4x | |||||
| Selected P/B Multiple | 2.6x | 2.8x | 2.9x | |||||
| (x) Book Value | 83,220 | 83,220 | 83,220 | |||||
| Equity Value | |||||||
| Benchmark Companies | |||||||
| (in millions) | AIRTELAFRI | TIGO | MTN | ORAN | GTME.F | VODA.F | |
| Value of Common Equity | 5,603 | 5,585 | 220,317 | 20,568 | 330,228 | 204,902 | |
| (/) Shares Outstanding | 4,161.1 | 166.9 | 1,806.6 | 2,094.7 | 144.4 | 1,935.4 | |
| Implied Stock Price | 1.35 | 33.47 | 121.95 | 9.82 | 2,287.21 | 105.87 | |
| FX Conversion Rate to Trading Currency | 0.00 | 1.00 | 1.00 | 0.00 | 55.65 | 18.41 | |
| Implied Stock Price (Trading Cur) | 2,156.90 | 33.47 | 121.95 | 13,006.36 | 41.10 | 5.75 | |
| Trading Currency | NGN | USD | ZAR | ARS | USD | USD | |
| FX Rate to Reporting Currency | 0.00 | 1.00 | 1.00 | 0.00 | 55.65 | 18.41 | |