` Comparison: AAFRF, MTN - Alpha Spread

AAFRF
vs
M
MTN

Over the past 12 months, AAFRF has significantly outperformed MTN, delivering a return of +265% compared to the MTN's +100% growth.

Valuation Growth Profitability Solvency Stocks Performance
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AAFRF
MTN
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Stocks Compared:
AAFRF MTN
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Valuation Comparison

AAFRF Intrinsic Value
10.669 USD
Undervaluation 53%
Intrinsic Value
Price
M
MTN Intrinsic Value
Not Available
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Airtel Africa PLC
OTC:AAFRF
5.005 USD
M
MTN Group Ltd
JSE:MTN
17 580 Zac
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Valuation Scenario:
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Growth Comparison

Growth Over Time
AAFRF, MTN

AAFRF
MTN
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Airtel Africa PLC
Revenue
M
MTN Group Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
AAFRF, MTN

AAFRF
MTN
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Airtel Africa PLC
OTC:AAFRF
M
MTN Group Ltd
JSE:MTN
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What is Free Cash Flow?

Gross Margin

AAFRF
71.4%
MTN
73.3%
LTM 3Y Avg 5Y Avg 10Y Avg
Airtel Africa PLC
M
MTN Group Ltd

Operating Margin

AAFRF
30.7%
MTN
23.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Airtel Africa PLC
M
MTN Group Ltd

Net Margin

AAFRF
8.8%
MTN
3.7%
LTM 3Y Avg 5Y Avg 10Y Avg
Airtel Africa PLC
M
MTN Group Ltd

FCF Margin

AAFRF
35.3%
MTN
10.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Airtel Africa PLC
M
MTN Group Ltd

ROE

AAFRF
20.6%
MTN
5.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Airtel Africa PLC
M
MTN Group Ltd

ROA

AAFRF
4.2%
MTN
1.8%
LTM 3Y Avg 5Y Avg 10Y Avg
Airtel Africa PLC
M
MTN Group Ltd

ROIC

AAFRF
9.8%
MTN
7.2%
LTM 3Y Avg 5Y Avg 10Y Avg
Airtel Africa PLC
M
MTN Group Ltd

ROCE

AAFRF
22.8%
MTN
17.9%
LTM 3Y Avg 5Y Avg 10Y Avg
Airtel Africa PLC
M
MTN Group Ltd

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
AAFRF, MTN

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AAFRF
MTN
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1Y 3Y 5Y 10Y 15Y 20Y
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Performance Gap
AAFRF, MTN

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AAFRF
MTN
Difference
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1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
AAFRF, MTN

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AAFRF
MTN
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