Valuation MTN Uganda Limited

Equities

End-of-day quote UGANDA SECURITIES EXCHANGE Other stock markets 11/02/2026			5-day change	1st Jan Change
428.51 ^UGX	-0.08%		+18.26%	+36.03%

11-06	MTN Uganda Limited Reports Earnings Results for the Nine Months Ended September 30, 2025	CI
11-06	Mtn Uganda posts 9m service revenue of Ush 2.6 trillion	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	4,365,640	4,030,028	3,818,451	6,156,987	9,593,929	9,593,929	-
Change	-	-7.69%	-5.25%	61.24%	55.82%	0%	-
Enterprise Value (EV)	4,365,640	5,151,315	3,818,451	6,156,987	9,593,929	9,593,929	9,593,929
Change	-	18%	-25.87%	61.24%	55.82%	0%	0%
P/E ratio	12.8x	9.92x	-	-	13.3x	10.2x	7.89x
PBR	-	-	-	-	-	-	-
PEG	-	0.5x	-	-	-	0.3x	0.3x
Capitalization / Revenue	-	1.76x	1.43x	1.94x	2.8x	2.45x	1.92x
EV / Revenue	-	0x	0x	0x	2.8x	2.45x	1.92x
EV / EBITDA	-	0x	-	-	4.99x	4.22x	3.63x
EV / EBIT	-	0x	-	-	6.81x	5.7x	4.7x
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Dividend per Share ²	-	15.9	18	22.6	25.28	29.8	40.46
Rate of return	-	8.83%	10.6%	8.22%	5.9%	6.95%	9.44%
EPS ²	15.2	18.14	-	-	32.1	42.01	54.31
Distribution rate	-	87.7%	-	-	78.8%	70.9%	74.5%
Net sales ¹	-	2,286	2,669	3,173	3,422	3,915	4,995
EBITDA ¹	-	1,179,392	-	-	1,922,361	2,271,789	2,640,561
EBIT ¹	-	772,277	-	-	1,409,813	1,682,887	2,039,106
Net income ¹	340,410	406,050	-	-	718,631	980,025	1,255,143
Net Debt	-	1,121,287	-	-	-	-	-
Reference price ²	194.99	180.00	170.55	275.00	428.51	428.51	428.51
Nbr of stocks (in thousands)	22,389,044	22,389,044	22,389,044	22,389,044	22,389,044	22,389,044	-
Announcement Date	07/03/22	09/03/23	15/01/24	24/03/25	-	-	-

¹UGX in Billions²UGX

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MTN UGANDA LIMITED	-	-	-	5.9%	2.71B
T-MOBILE US, INC.	20.93x	3.56x	9.29x	1.72%	232B
AT&T INC.	12.4x	2.65x	7.1x	3.9%	199B
SOFTBANK GROUP CORP.	9.87x	5.44x	25.15x	0.23%	175B
KDDI CORPORATION	13.28x	2.17x	7.06x	3.12%	64.07B
ADVANCED INFO SERVICE	22.28x	5.72x	10.49x	4.21%	36.82B
VODAFONE GROUP PLC	16.27x	1.42x	5.03x	3.64%	36.43B
CHINA UNICOM (HONG KONG) LIMITED	8.89x	0.38x	1.52x	7.2%	28.22B
TELENOR ASA	21.08x	4.09x	9.1x	5.47%	25.45B
VODACOM GROUP LIMITED	14.75x	2.08x	5.54x	4.74%	18.83B
Average	15.53x	3.06x	8.92x	4.02%	81.87B
Weighted average by Cap.	15.17x	3.51x	11.48x	2.63%