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Offer:MTN Share Price and Historical Performance
MTN Share Price and Historical Performance – Revealed. View the live share price, price-per-earnings ratio, share consensus, and much more.
| 🔎 Company | 🥇 MTN |
| 📌 Type | Public |
| 📍 Traded as | JSE: MTN |
| ⚙️ Industry | Telecommunications |
| ✅ Founded | 1994 |
| ☑️ Headquarters | Johannesburg, South Africa |
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MTN Share Price and Historical Performance – 2 Key Point Quick Overview
MTN Performance to Date
Despite challenging socioeconomic, geopolitical, and regulatory situations across South African markets, MTN Group today announced strong overall earnings for the first nine months of 2022, supported by the excellent performance of its subsidiary MTN South Africa. While unprecedented load-shedding has harmed network availability, MTN South Africa has increased its market share. In addition, MTN has delivered encouraging underlying service revenue growth, maintained tight expense controls, and invested in strengthening its networks in preparation for the rollout of 5G.
By prepaying $300 million in 2024 Eurobonds, the Group could keep its balance sheet healthy by lowering its hard currency debt and bringing its holding company leverage down to 0.8 times. With R59 billion in cash and undrawn committed facilities, the Group maintained a healthy liquidity position. Furthermore, after the end of the quarter in October 2022, R1.5 billion was repatriated from Nigeria, bringing the total cash upstream from operations to R11.5 billion for the year’s first nine months.
MTN Share Price Analysis
Investors looking for companies that show great investment and return on investment potential know that an increasing return on capital employed, or ROCE is an important factor. In addition, another factor that serious investors consider is the expansion in how much capital a company employs. This means that a business will continuously reinvest earnings at higher rates of return. MTN Group (JSE: MTN) is one of the companies in South Africa with an extremely attractive ROCE of 25%. However, while this still falls short of the overall 41% that the wireless telecommunications industry generates, it could mean that MTN is currently undervalued.
The MTN Group is showing promising developments. The rate of return on invested capital has increased significantly during the last five years, reaching 25%. Capital investment is up 28% as a result. This indicates the availability of internal investment possibilities at ever-increasing rates, a characteristic shared by many multi-baggers. Therefore, MTN Group has the extremely desirable characteristics of a firm that is increasing its returns on capital and can reliably reinvest. Although long-term trends are positive, the stock’s 33% return to owners over the last five years may not be enough to convince investors. South African investors can use intrinsic value infographics to visualize whether MTN is currently priced.
In terms of intrinsic value, the following should be noted about MTN shares:
- In terms of the share price to earnings versus its peers, MTN is considered good value according to its P/E ratio, which is 13x that of the peer average of 18.2x.
- In terms of the share price to earnings versus the industry, MTN is considered good value in terms of its P/E ratio of 13x compared to the 15.4x of the Global Wireless Telecom Industry average.
- MTN’s share price of 137.3 ZAR (2022/11/11) is trading below analysts’ estimate of a fair value of 212.72 ZAR, which shows that MTN shares are currently 20% below fair value.
Frequently Asked Questions
Can I sell my MTN Shares?
You can easily sell your MTN shares through your banking entity or stockbroker, depending on the platform you use to purchase shares. In addition, if you hold MTN Zakhele Futhi shares, you can sell your shares using the facilitated or independent trading process.
How can I buy shares in MTN Group?
You can buy MTN shares either through an FSCA-regulated stockbroker in South Africa or through your bank if they have a share trading platform, such as Nedbank, Capitec, FNB, etc.
Is MTN a good share to buy right now?
According to analysts, MTN has extremely strong “Buy” signals based on analysis of its fair value. In addition, MTN is currently trading below its fair value by 20%, making it an extremely attractive option for investors.
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