ATLASATLAS fair value
ZAR 315.26
Below fair value · 37% discount
Range: ZAR 234–ZAR 425Fair valuePrice
MTN (MTN.JSE)
MTN share price today, ATLAS forecast and fair value
Communication Services · Telecom Services · Johannesburg Stock Exchange · South Africa
ZAR 198.16▲ +0.53%
Prices as of Oct 27, 2026 · ZAR
Chance of rising in 1 month
50%
that it ends higher than today in 21 sessions
0%coin flip 50%100%
This is just the summary. See everything on MTN in ATLAS
ATLAS's own quantitative analysis, all in one place.
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
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- Customer and supplier mapWho it does business with, from its own filings.
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On MTN
- Simulation and expected rangeThousands of simulated scenarios: how far the price could rise or fall.
- Officers and shareholdersWho runs the company and which funds hold its shares.
- Customer and supplier mapWho it does business with, from its own filings.
- Valuation and financialsFair value step by step, quarterly accounts and upcoming events.
- NewsThe latest on the company, in one place.
And for you
- ATLAS builds your portfolioAnswer a short test and get portfolios that fit you.
- AlertsWe let you know when something changes in your stocks.
- Crisis simulatorHow your portfolio would do in a crash like 2008.
- Practice risk-free$10,000 in virtual money to invest at real prices.
- Global screenerSearch US stocks and stocks from 47 countries with filters.
Plans from €3.99 a month.
ATLAS estimates MTN's fair value at about ZAR 315.26 per share (reasonable range: ZAR 233.62 to ZAR 425.42). At ZAR 198.16, the stock trades 37% below it.
It is calculated with a blend of a discounted cash-flow model and peer valuation multiples. Confidence in the estimate is medium. It is an estimate, not a promise: if the company's results change, so does its fair value.
ATLAS's model gives MTN a 50% chance of finishing higher a month from now (21 trading sessions) than today: close to a coin flip.
In half of the simulated outcomes the price ends between ZAR 185.33 and ZAR 211.71; in 9 out of 10, between ZAR 164.71 and ZAR 238.22. Estimated annual volatility is 40%.
Price, last 12 months (weekly close)
Key numbers
- Market cap
- ZAR 345B
- Market cap (USD)
- $20.7B
- P/E ratio
- 20.0
- Dividend yield
- 0.03%
- 52-week high
- ZAR 236.88
- 52-week low
- ZAR 149.50
- Revenue (12 months)
- ZAR 236B
- Gross margin
- 70.3%
- Operating margin
- 34.5%
- Net margin
- 7.5%
- Beta
- 0.89
What this means
These are two different questions: fair value looks at the business (what it is worth given what it earns) and the odds look at the price over the next month. MTN sits below fair value and its odds of rising over a month are close to a coin flip. An expensive stock can keep climbing and a cheap one can keep falling, which is why ATLAS shows the two readings separately.
Over the last 52 weeks MTN.JSE has traded between ZAR 149.50 and ZAR 236.88. Today it is 16.4% below that high and 33% above its low.
On the business: net margin is 7.5%; it trades at 20.0 times earnings.
Its beta is 0.89: it moves roughly in line with the market.
About the company
MTN Group Limited, together with its subsidiaries, provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.
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Comparable companies
Other companies in the same line of business:
Frequently asked questions
What is MTN (MTN.JSE) fair value?
About ZAR 315.26 per share according to ATLAS (reasonable range: ZAR 233.62 to ZAR 425.42). With the stock at ZAR 198.16, it is 37% below it.
What is the chance MTN.JSE goes up next month?
50%: close to a coin flip. In half of the simulated outcomes, MTN.JSE ends the month between ZAR 185.33 and ZAR 211.71.
How big is MTN and what is its P/E ratio?
MTN's market capitalization is ZAR 345B. Its price-to-earnings (P/E) ratio is 20.0: you pay ZAR 20.0 for each ZAR 1.00 of yearly earnings.
Does MTN pay a dividend?
Yes. MTN.JSE's current dividend yield is 0.03% at today's price (ZAR 198.16).
Not investment advice. ATLAS estimates are produced by statistical models from public data; they can be wrong and past performance does not predict future results. Consider your own situation before investing. Disclaimer