Loading...

We've got a brand new version of Simply Wall St! Try it out

Airtel Africa

DB:9AA
Snowflake Description

Very undervalued average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9AA
DB
£3B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Airtel Africa Limited provides mobile telecommunication services to customers in Nigeria, East Africa, and rest of Africa. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Airtel Africa has significant price volatility in the past 3 months.
9AA Share Price and Events
7 Day Returns
2.8%
DB:9AA
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
-
DB:9AA
1.1%
Europe Wireless Telecom
9.9%
DE Market
9AA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Airtel Africa (9AA) 2.8% 19% 9.1% - - -
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • No trading data on 9AA.
  • No trading data on 9AA.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

9AA Value

 Is Airtel Africa undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Airtel Africa to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Airtel Africa.

DB:9AA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:9AA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 19%) (138.8%))
0.809
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.809 * 6.65%)
5.61%

Discounted Cash Flow Calculation for DB:9AA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Airtel Africa is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:9AA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.61%)
2020 540.00 Analyst x1 511.33
2021 532.50 Analyst x2 477.45
2022 573.00 Analyst x2 486.48
2023 392.00 Analyst x1 315.14
2024 433.00 Analyst x1 329.61
2025 403.19 Est @ -6.88% 290.63
2026 384.04 Est @ -4.75% 262.12
2027 371.54 Est @ -3.26% 240.12
2028 363.32 Est @ -2.21% 222.34
2029 357.95 Est @ -1.48% 207.42
Present value of next 10 years cash flows $3,342.00
DB:9AA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $357.95 × (1 + 0.23%) ÷ (5.61% – 0.23%)
$6,668.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,668.51 ÷ (1 + 5.61%)10
$3,864.23
DB:9AA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,342.00 + $3,864.23
$7,206.23
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,206.23 / 3,758.15
$1.92
DB:9AA Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:AAF)
0.771
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $1.92 x 0.771
£1.48
Non-primary Listing Adjustment Factor 1 share in DB:9AA represents 1.17401x of LSE:AAF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.17401x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 1.48 x 1.17401
€1.74
Value per share (EUR) From above. €1.74
Current discount Discount to share price of €0.81
= -1 x (€0.81 - €1.74) / €1.74
53.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Airtel Africa is available for.
Intrinsic value
>50%
Share price is €0.81 vs Future cash flow value of €1.74
Current Discount Checks
For Airtel Africa to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Airtel Africa's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Airtel Africa's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Airtel Africa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Airtel Africa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9AA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.14
LSE:AAF Share Price ** LSE (2019-11-18) in GBP £0.69
LSE:AAF Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.297 $0.9
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Airtel Africa.

DB:9AA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:AAF Share Price ÷ EPS (both in USD)

= 0.9 ÷ 0.14

6.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Airtel Africa is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • Airtel Africa is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Airtel Africa's expected growth come at a high price?
Raw Data
DB:9AA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
7.1%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:9AA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.26x ÷ 7.1%

0.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Airtel Africa is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Airtel Africa's assets?
Raw Data
DB:9AA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.95
LSE:AAF Share Price * LSE (2019-11-18) in GBP £0.69
LSE:AAF Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.297 $0.9
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:9AA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:AAF Share Price ÷ Book Value per Share (both in USD)

= 0.9 ÷ 0.95

0.95x

* Primary Listing of Airtel Africa.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Airtel Africa is good value based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess Airtel Africa's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Airtel Africa has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

9AA Future Performance

 How is Airtel Africa expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Airtel Africa expected to grow at an attractive rate?
  • Airtel Africa's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Airtel Africa's earnings growth is positive but not above the Germany market average.
  • Airtel Africa's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:9AA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:9AA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 7.1%
DB:9AA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 6.4%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:9AA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9AA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 4,321 1,709 520 1
2023-03-31 4,058 1,622 474 1
2022-03-31 3,915 1,496 439 5
2021-03-31 3,662 1,419 408 6
2020-03-31 3,389 1,268 351 4
2019-11-18
DB:9AA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 3,224 1,199 446
2019-06-30 3,148 1,078 394
2019-03-31 3,103 1,030 412
2018-03-31 2,927 831 -138
2017-03-31 2,891 421 -630

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Airtel Africa's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Airtel Africa's revenue is expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:9AA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Airtel Africa Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9AA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 0.14 0.14 0.14 1.00
2023-03-31 0.12 0.12 0.12 1.00
2022-03-31 0.12 0.14 0.12 3.00
2021-03-31 0.11 0.12 0.11 4.00
2020-03-31 0.11 0.12 0.09 4.00
2019-11-18
DB:9AA Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.14
2019-06-30 0.16
2019-03-31 0.21
2018-03-31 -0.12
2017-03-31 -0.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Airtel Africa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Airtel Africa's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Airtel Africa has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

9AA Past Performance

  How has Airtel Africa performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Airtel Africa's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if Airtel Africa's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Airtel Africa's 1-year earnings growth to the 5-year average due to insufficient past data.
  • Airtel Africa's earnings growth has exceeded the Europe Wireless Telecom industry average in the past year (223.8% vs 21%).
Earnings and Revenue History
Airtel Africa's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Airtel Africa Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9AA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 3,224.00 446.00 159.00
2019-06-30 3,148.00 394.00 156.00
2019-03-31 3,103.00 412.00 152.00
2018-03-31 2,927.00 -138.00 140.00
2017-03-31 2,891.00 -630.00 210.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Airtel Africa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Airtel Africa used its assets more efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • Unable to establish if Airtel Africa improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Airtel Africa's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Airtel Africa has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

9AA Health

 How is Airtel Africa's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Airtel Africa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Airtel Africa's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Airtel Africa's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Airtel Africa's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Airtel Africa Company Filings, last reported 1 month ago.

DB:9AA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,385.00 3,497.00 1,812.00
2019-06-30 2,606.00 4,884.00 1,123.00
2019-03-31 2,430.00 3,621.00 866.00
2018-03-31 -1,317.00 6,698.00 236.00
2017-03-31 -998.00 6,414.00 102.00
  • Airtel Africa's level of debt (103.3%) compared to net worth is high (greater than 40%).
  • Unable to establish if Airtel Africa's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (34.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Airtel Africa's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Airtel Africa has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

9AA Dividends

 What is Airtel Africa's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.68%
Current annual income from Airtel Africa dividends. Estimated to be 10.4% next year.
If you bought €2,000 of Airtel Africa shares you are expected to receive €134 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Airtel Africa's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Airtel Africa's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:9AA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:9AA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 0.12 1.00
2023-03-31 0.11 1.00
2022-03-31 0.11 6.00
2021-03-31 0.09 7.00
2020-03-31 0.07 5.00
2019-11-18
DB:9AA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-25 0.060 7.077

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Airtel Africa has stable dividend payments.
  • Airtel Africa only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Airtel Africa's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Airtel Africa's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Airtel Africa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Airtel Africa has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

9AA Management

 What is the CEO of Airtel Africa's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Airtel Africa has no CEO, or we have no data on them.
Management Team
Board of Directors Tenure

Average tenure and age of the Airtel Africa board of directors in years:

0.8
Average Tenure
62
Average Age
  • The average tenure for the Airtel Africa board of directors is less than 3 years, this suggests a new board.
Board of Directors

Raghu Mandava

TITLE
Director
AGE
52
TENURE
1.3 yrs

Sunil Mittal

TITLE
Director
AGE
62
TENURE
1.1 yrs

Akhil Gupta

TITLE
Director
AGE
64
TENURE
1.1 yrs

Arthur Tao

TITLE
Director
TENURE
1.1 yrs

Sharvin Mittal

TITLE
Director
TENURE
1.1 yrs

Lisa Poutininen

TITLE
Director
TENURE
0.6 yrs

Andrew Green

TITLE
Director
TENURE
0.6 yrs

John Danilovich

TITLE
Director
TENURE
0.6 yrs

Douglas Baillic

TITLE
Director
TENURE
0.6 yrs

Awuneba Ajumogobin

TITLE
Director
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Airtel Africa's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Airtel Africa has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

9AA News

Simply Wall St News

9AA Company Info

Description

Airtel Africa Limited provides mobile telecommunication services to customers in Nigeria, East Africa, and rest of Africa. It offers services to approximately 99 million small, medium, and high-usage customers; mobile data services to 30 million customers; and mobile banking services. The company was incorporated in 2018 and is based in London, the United Kingdom. Airtel Africa Limited is a subsidiary of Airtel Africa Mauritius Limited.

Details
Name: Airtel Africa Plc
9AA
Exchange: DB
Founded: 2018
£3,044,137,567
3,758,151,504
Website: http://airtel.africa
Address: Airtel Africa Plc
53/54 Grosvenor Street,
2nd Floor,
London,
Greater London, W1K 3HU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE AAF Ordinary Shares London Stock Exchange GB GBP 28. Jun 2019
DB 9AA Ordinary Shares Deutsche Boerse AG DE EUR 28. Jun 2019
NGSE AIRTELAFRI Ordinary Shares Nigerian Stock Exchange NG NGN 28. Jun 2019
BATS-CHIXE AAFL Ordinary Shares BATS 'Chi-X Europe' GB GBP 28. Jun 2019
Number of employees
Current staff
Staff numbers
3,100
Airtel Africa employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 22:34
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/10/31
Last earnings filing: 2019/10/25
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.