Valuation Airtel Malawi Plc

Stocks

End-of-day quote Malawi S.E. Other stock markets 20/07/2026			5-day change	1st Jan Change
104.78 ^MWK	-0.02%		-0.07%	-13.24%

02/04	Airtel Malawi Plc Reports Earnings Results for the Full Year Ended December 31, 2025	CI
25/25/25	Airtel Malawi Plc Reports Earnings Results for the Half Year Ended June 30, 2025	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025
Market Cap ¹	3,07,780	4,40,000	6,23,040	6,60,000	9,90,000	13,28,470
Change	-	42.96%	41.6%	5.93%	50%	34.19%
Enterprise Value (EV) ¹	3,48,269	4,65,393	6,41,052	7,50,553	11,20,358	14,27,436
Change	-	33.63%	37.74%	17.08%	49.27%	27.41%
P/E	13.9x	13.6x	16.9x	468x	23.2x	25.9x
PBR	12.8x	13.2x	16.5x	56.4x	30.8x	21.6x
PEG	-	0.3x	1.2x	-4.9x	0x	1.3x
Capitalization / Revenue	2.79x	3.34x	4.06x	3.4x	3.65x	3.66x
EV / Revenue	3.16x	3.53x	4.18x	3.87x	4.13x	3.93x
EV / EBITDA	7.35x	7.53x	8.44x	8.72x	10.1x	10x
EV / EBIT	9.59x	9.1x	9.85x	10.3x	11.9x	11.6x
EV / FCF	20.2x	10.1x	10.1x	15.9x	75.1x	13.5x
FCF Yield	4.94%	9.87%	9.93%	6.3%	1.33%	7.38%
Dividend per Share ²	2.1	2.95	2.5	-	2	3.5
Rate of return	7.51%	7.38%	4.41%	-	2.22%	2.9%
EPS ²	2.008	2.94	3.357	0.1281	3.88	4.659
Distribution rate	105%	100%	74.5%	-	51.5%	75.1%
Net sales ¹	1,10,233	1,31,769	1,53,464	1,93,999	2,70,967	3,63,101
EBITDA ¹	47,384	61,781	75,912	86,061	1,10,382	1,42,655
EBIT ¹	36,319	51,127	65,097	72,762	94,202	1,22,946
Net income ¹	22,093	32,335	36,925	1,409	42,722	51,248
Net Debt ¹	40,489	25,393	18,012	90,553	1,30,358	98,966
Reference price ²	27.98	40.00	56.64	60.00	90.00	120.77
Nbr of stocks (in thousands)	1,10,00,000	1,10,00,000	1,10,00,000	1,10,00,000	1,10,00,000	1,10,00,000
Announcement Date	06/07/21	21/04/22	17/05/24	17/05/24	03/06/25	24/04/26

¹MWK in Million²MWK

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
AIRTEL MALAWI PLC	-	-	-	-	66Cr
BHARTI AIRTEL LIMITED	30.27x	5.5x	9.6x	1.71%	12TCr
SOFTBANK CORP.	18.57x	2.04x	7.88x	4.05%	6.5TCr
MTN GROUP LIMITED	13.11x	1.95x	4.15x	2.62%	2.48TCr
CELLNEX TELECOM, S.A.	-126.13x	8.49x	10.58x	3.09%	1.89TCr
ROGERS COMMUNICATIONS INC.	13.28x	2.97x	6.71x	4.08%	1.89TCr
VODAFONE IDEA LIMITED	-5.61x	7.78x	18.46x	-.--%	1.52TCr
ETIHAD ETISALAT COMPANY	12.48x	2.52x	6.55x	5.17%	1.27TCr
TELE2 AB	10.55x	4.51x	9.75x	7.11%	1.13TCr
FAR EASTONE TELECOMMUNICATIONS CO., LTD.	25.04x	3.53x	10.37x	3.99%	1.17TCr
Average	-0.94x	4.37x	9.34x	3.54%	3.02TCr
Weighted average by Cap.	11.94x	4.37x	9.01x	2.88%