AIRTEL AFRICA PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 121.9 GBX | -1.53% |
|
+0.74% | -6.37% |
| May. 20 | London gets boost thanks to rate cut hopes | AN |
| May. 20 | Airtel Africa’s Bharti Airtel International Completes Repayment of 2024 Senior Notes | MT |
Valuation
| Fiscal Period: März | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,917 | 4,108 | 6,885 | 4,930 | 5,803 | - | - |
| Enterprise Value (EV) 1 | 5,114 | 7,563 | 9,801 | 8,454 | 5,008 | 9,530 | 9,639 |
| P/E ratio | 4.95 x | 12.1 x | 10.9 x | 7.42 x | -30.3 x | 14.8 x | 8.41 x |
| Yield | 11.8% | 3.66% | 2.73% | 4.15% | 3.64% | 3.99% | 4.61% |
| Capitalization / Revenue | 0.56 x | 1.05 x | 1.46 x | 0.94 x | 1.01 x | 1.17 x | 0.99 x |
| EV / Revenue | 1.49 x | 1.94 x | 2.08 x | 1.61 x | 1.01 x | 1.92 x | 1.64 x |
| EV / EBITDA | 3.38 x | 4.22 x | 4.24 x | 3.28 x | 2.06 x | 4.02 x | 3.53 x |
| EV / FCF | 8.88 x | 10.1 x | 7.57 x | 5.92 x | 10.3 x | 8.94 x | 8.7 x |
| FCF Yield | 11.3% | 9.93% | 13.2% | 16.9% | 9.7% | 11.2% | 11.5% |
| Price to Book | 0.57 x | 1.2 x | 1.97 x | 1.36 x | 2.13 x | 2.4 x | 1.8 x |
| Nbr of stocks (in thousands) | 3,758,152 | 3,758,152 | 3,754,452 | 3,753,219 | 3,741,637 | - | - |
| Reference price 2 | 0.5101 | 1.093 | 1.834 | 1.313 | 1.551 | 1.551 | 1.551 |
| Announcement Date | 5/13/20 | 5/12/21 | 5/11/22 | 5/11/23 | 5/9/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,077 | 3,422 | 3,908 | 4,714 | 5,255 | 4,979 | 4,961 | 5,863 |
| EBITDA 1 | - | 1,515 | 1,792 | 2,311 | 2,575 | 2,428 | 2,371 | 2,733 |
| EBIT 1 | - | 883 | 1,119 | 1,535 | 1,757 | 1,640 | 1,543 | 1,915 |
| Operating Margin | - | 25.8% | 28.63% | 32.56% | 33.43% | 32.94% | 31.11% | 32.66% |
| Earnings before Tax (EBT) 1 | - | 598 | 697 | 1,224 | 1,034 | -63 | 814.9 | 1,375 |
| Net income 1 | - | 370 | 339 | 631 | 663 | -165 | 406.5 | 629.1 |
| Net margin | - | 10.81% | 8.67% | 13.39% | 12.62% | -3.31% | 8.19% | 10.73% |
| EPS 2 | - | 0.1030 | 0.0900 | 0.1680 | 0.1770 | -0.0440 | 0.1045 | 0.1843 |
| Free Cash Flow 1 | - | 576 | 751 | 1,294 | 1,429 | 920.5 | 1,066 | 1,108 |
| FCF margin | - | 16.83% | 19.22% | 27.45% | 27.19% | 18.48% | 21.49% | 18.91% |
| FCF Conversion (EBITDA) | - | 38.02% | 41.91% | 55.99% | 55.5% | 37.7% | 44.95% | 40.56% |
| FCF Conversion (Net income) | - | 155.68% | 221.53% | 205.07% | 215.54% | - | 262.22% | 176.2% |
| Dividend per Share 2 | - | 0.0600 | 0.0400 | 0.0500 | 0.0545 | 0.0565 | 0.0620 | 0.0715 |
| Announcement Date | 4/29/19 | 5/13/20 | 5/12/21 | 5/11/22 | 5/11/23 | 5/9/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 S1 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,163 | 1,219 | 1,222 | 1,257 | 1,308 | 1,350 | 1,341 | 1,377 | 1,246 | 2,623 | 1,238 | 1,118 | 1,208 | 1,299 | 1,318 | 1,365 |
| EBITDA | 564 | 605 | 608 | 614 | 641 | 661 | 659 | - | 620 | 1,302 | - | 520 | - | - | - | - |
| EBIT | 380 | 414 | 390 | 425 | 446 | 446 | 439 | - | - | - | - | - | - | - | - | - |
| Operating Margin | 32.67% | 33.96% | 31.91% | 33.81% | 34.1% | 33.04% | 32.74% | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | 160 | 155 | 190 | 163 | 133 | 172 | 195 | - | - | - | - | - | - | - | - | - |
| Net margin | 13.76% | 12.72% | 15.55% | 12.97% | 10.17% | 12.74% | 14.54% | - | - | - | - | - | - | - | - | - |
| EPS 2 | 0.0430 | 0.0410 | 0.0510 | 0.0440 | 0.0350 | 0.0460 | 0.0520 | -0.0450 | 0.0310 | - | -0.002000 | -0.0280 | 0.0300 | 0.0300 | 0.0300 | 0.0300 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/28/21 | 2/4/22 | 5/11/22 | 7/28/22 | 10/27/22 | 2/2/23 | 5/11/23 | 7/27/23 | 10/30/23 | 10/30/23 | 2/1/24 | 5/9/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 3,197 | 3,455 | 2,916 | 3,524 | 3,691 | 3,726 | 3,836 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 2.11 x | 1.928 x | 1.262 x | 1.369 x | 1.512 x | 1.571 x | 1.404 x |
| Free Cash Flow 1 | - | 576 | 751 | 1,294 | 1,429 | 921 | 1,066 | 1,109 |
| ROE (net income / shareholders' equity) | - | 8.68% | 10% | 18.3% | 18.6% | 18.7% | 13.6% | 24.5% |
| ROA (Net income/ Total Assets) | - | 2.83% | 3.5% | 6.2% | 6.16% | 0.08% | 3.13% | 5.21% |
| Assets 1 | - | 13,064 | 9,686 | 10,178 | 10,765 | -199,116 | 12,987 | 12,080 |
| Book Value Per Share 2 | - | 0.9000 | 0.9100 | 0.9300 | 0.9700 | 0.7300 | 0.6500 | 0.8600 |
| Cash Flow per Share 2 | - | 0.3700 | 0.4400 | 0.5300 | 0.5900 | 0.2500 | 0.3300 | 0.3900 |
| Capex 1 | - | 811 | 915 | 717 | 779 | 817 | 891 | 958 |
| Capex / Sales | - | 23.7% | 23.41% | 15.21% | 14.82% | 16.39% | 17.96% | 16.33% |
| Announcement Date | 4/29/19 | 5/13/20 | 5/12/21 | 5/11/22 | 5/11/23 | 5/9/24 | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
1.551
USD
Average target price
1.686
USD
Spread / Average Target
+8.67%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.37% | 5.8B | |
| +15.90% | 209B | |
| +9.35% | 173B | |
| +2.48% | 120B | |
| -10.45% | 82.52B | |
| +19.79% | 71.62B | |
| -0.13% | 57.05B | |
| -10.77% | 47.84B | |
| -26.13% | 41.35B | |
| -18.02% | 38.12B |
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