MTN UGANDA LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 170 UGX | -1.00% |
|
-.--% | -0.32% |
| 25/05 | MTN Uganda to sell shares left over from undersubscribed 2021 IPO | RE |
| 15/01 | MTN Uganda Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 |
|---|---|---|---|
| Capitalization 1 | 43,65,640 | 40,30,028 | 38,18,451 |
| Enterprise Value (EV) 1 | 52,73,199 | 51,51,315 | 50,26,761 |
| P/E ratio | 12.8 x | 9.92 x | 7.74 x |
| Yield | 2.41% | 8.83% | 10.6% |
| Capitalization / Revenue | 2.12 x | 1.76 x | 1.43 x |
| EV / Revenue | 2.56 x | 2.25 x | 1.88 x |
| EV / EBITDA | 5.8 x | 5.16 x | 4.4 x |
| EV / FCF | 11.9 x | 9.55 x | 8.4 x |
| FCF Yield | 8.42% | 10.5% | 11.9% |
| Price to Book | 5.22 x | 4.46 x | 3.76 x |
| Nbr of stocks (in thousands) | 2,23,89,044 | 2,23,89,044 | 2,23,89,044 |
| Reference price 2 | 195.0 | 180.0 | 170.6 |
| Announcement Date | 05/05/22 | 27/04/23 | 26/03/24 |
1UGX in Million2UGX
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 15,50,767 | 17,17,574 | 14,34,274 | 20,60,087 | 22,87,079 | 26,70,256 |
| EBITDA 1 | 5,13,460 | 6,88,858 | 5,63,823 | 9,08,919 | 9,98,715 | 11,43,608 |
| EBIT 1 | 3,37,977 | 5,06,981 | 3,90,194 | 6,36,276 | 7,72,787 | 9,29,318 |
| Operating Margin | 21.79% | 29.52% | 27.2% | 30.89% | 33.79% | 34.8% |
| Earnings before Tax (EBT) 1 | 3,08,151 | 3,79,452 | 2,51,630 | 4,90,943 | 5,91,029 | 7,06,327 |
| Net income 1 | 2,19,527 | 2,69,250 | 3,21,682 | 3,40,410 | 4,06,050 | 4,93,077 |
| Net margin | 14.16% | 15.68% | 22.43% | 16.52% | 17.75% | 18.47% |
| EPS 2 | 58,323 | 71,533 | 85,463 | 15.20 | 18.14 | 22.02 |
| Free Cash Flow 1 | 1,97,364 | 3,25,231 | -1,66,876 | 4,44,170 | 5,39,351 | 5,98,350 |
| FCF margin | 12.73% | 18.94% | -11.63% | 21.56% | 23.58% | 22.41% |
| FCF Conversion (EBITDA) | 38.44% | 47.21% | - | 48.87% | 54% | 52.32% |
| FCF Conversion (Net income) | 89.9% | 120.79% | - | 130.48% | 132.83% | 121.35% |
| Dividend per Share 2 | 33,500 | 41,000 | 40,650 | 4.706 | 15.90 | 18.00 |
| Announcement Date | 18/03/19 | 07/05/20 | 11/03/21 | 05/05/22 | 27/04/23 | 26/03/24 |
1UGX in Million2UGX
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2023 Q3 |
|---|---|
| Net sales | - |
| EBITDA | - |
| EBIT | - |
| Operating Margin | - |
| Earnings before Tax (EBT) | - |
| Net income 1 | 12,726 |
| Net margin | - |
| EPS 2 | 39.77 |
| Dividend per Share | - |
| Announcement Date | 27/10/23 |
1UGX in Million2UGX
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | 2,13,043 | 7,12,879 | 9,64,592 | 9,07,559 | 11,21,287 | 12,08,309 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.4149 x | 1.035 x | 1.711 x | 0.9985 x | 1.123 x | 1.057 x |
| Free Cash Flow 1 | 1,97,364 | 3,25,231 | -1,66,876 | 4,44,170 | 5,39,351 | 5,98,350 |
| ROE (net income / shareholders' equity) | 55.5% | 53.9% | 27.4% | 43.6% | 46.7% | 51.4% |
| ROA (Net income/ Total Assets) | 18.2% | 16.5% | 9.75% | 13.1% | 13.3% | 13.4% |
| Assets 1 | 12,05,106 | 16,27,567 | 32,98,425 | 25,93,030 | 30,55,193 | 36,72,606 |
| Book Value Per Share 2 | 1,17,522 | 1,48,055 | 1,92,868 | 37.30 | 40.40 | 45.30 |
| Cash Flow per Share 2 | 24,590 | 29,062 | 15,720 | 8.430 | 8.970 | 10.70 |
| Capex 1 | 2,02,009 | 2,08,853 | 1,70,114 | 2,12,796 | 2,95,574 | 3,19,028 |
| Capex / Sales | 13.03% | 12.16% | 11.86% | 10.33% | 12.92% | 11.95% |
| Announcement Date | 18/03/19 | 07/05/20 | 11/03/21 | 05/05/22 | 27/04/23 | 26/03/24 |
1UGX in Million2UGX
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
170
UGX
Average target price
195.3
UGX
Spread / Average Target
+14.87%
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -0.32% | 1.03B | |
| +13.89% | 137B | |
| +65.10% | 94.94B | |
| -5.17% | 55.06B | |
| +46.33% | 28.1B | |
| +1.75% | 23.56B | |
| -3.69% | 16.92B | |
| +4.37% | 15.62B | |
| -8.01% | 10.34B | |
| +8.52% | 9.96B |
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