Airtel Africa Plc (AAFRF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 23.63 means the share price is 23.63 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $17.3B is the value of all shares combined. Beta 0.50: the stock has moved about 50% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerAirtel Africa Plc (AAFRF) trades at $4.75. Airtel Africa Plc provides telecommunications and mobile money services across Africa. Market cap: $17.3B, Sector: Communication services.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for AAFRF: AAFRF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates AAFRF against Communication Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 12 months ago — the most recent this company has published.
No score published: this stock trades under $10,000 on a typical day, so the price beside it is not one you could reliably act on.
AAFRF: 1/2 scored disciplines lean bullish. Dominant signal: Ray Dalio bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Airtel Africa Plc (AAFRF) Media & Communications Profile
Airtel Africa Plc delivers telecommunications and mobile money services across Africa, focusing on wireless voice, data, and mobile financial solutions. With operations spanning Nigeria, East Africa, and Francophone Africa, the company leverages 2G, 3G, and 4G technologies to serve a diverse customer base, while competing with established regional players.
What Is the Investment Thesis for AAFRF?
With a P/E ratio of 23.63 and a profit margin of 9.0%, the company demonstrates solid profitability. Key growth drivers include increasing mobile penetration rates and the expansion of mobile money services across its operating regions. The company's beta of 0.50 suggests lower volatility compared to the market. However, investors may want to evaluate risks such as regulatory changes and competition from established players like MTN Group. The dividend yield of 1.44% provides a modest income stream.
Based on FMP financials and quantitative analysis
AAFRF Key Highlights
Market Cap of $17.3B reflects substantial investor confidence in Airtel Africa's market position.
- P/E Ratio of 23.63 indicates the price investors are willing to pay for each dollar of Airtel Africa's earnings.
- Profit Margin of 9.0% demonstrates Airtel Africa's ability to generate profit from its revenue.
- Gross Margin of 66.4% highlights Airtel Africa's efficiency in managing production costs.
- Dividend Yield of 1.44% provides a return to shareholders, enhancing the stock's attractiveness.
Who Are AAFRF's Competitors?
AAFRF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| BCEPF BCE Inc. | $15.02 | 0.00% | $14.0B | — |
| ELMUY Elisa Oyj | $22.00 | -0.27% | $14.1B | — |
| HLTOY Hellenic Telecommunications Organization S.A. | $11.53 | -0.77% | $19.0B | — |
| MTNOF MTN Group Limited | $14.56 | 0.00% | $26.7B | 519-signal |
| TIAIY Telecom Italia S.p.A. | $8.85 | -2.43% | $188B | — |
| KKPNF Koninklijke KPN N.V. | $4.81 | +2.12% | $18.5B | 549-signal |
| TIGO Millicom International Cellular S.A. | $96.47 | +3.10% | $16.2B | 615-pillar |
| CHTR Charter Communications, Inc. | $140.56 | +4.98% | $18.9B | 495-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are AAFRF's Key Strengths?
Strong presence in key African markets.
- Diverse service offerings including voice, data, and mobile money.
- Established brand recognition and customer loyalty.
- Growing mobile money ecosystem.
What Are AAFRF's Weaknesses?
Exposure to regulatory risks in multiple countries.
- Dependence on infrastructure investments.
- Competition from established players.
- Currency fluctuations impacting profitability.
What Could Drive AAFRF Stock Higher?
AAFRF catalyst: Expansion of 4G and 5G networks across operating regions, driving increased data consumption and revenue growth.
- Growth in mobile money services, increasing transaction volumes and financial inclusion.
- Potential strategic partnerships and acquisitions to expand market presence and service offerings by Q4 2026.
- Increasing smartphone penetration across Africa, driving demand for data services and mobile applications.
- New product launches and service enhancements to attract and retain customers by mid-2027.
What Are the Key Risks for AAFRF?
Rich valuation — a P/E of 23.63 runs well above the Communication Services sector’s ~17.60x, leaving little room for a miss.
- Regulatory risks and compliance challenges in multiple African countries.
- Intense price competition from established players and new entrants.
- Political and economic instability in operating regions impacting business operations.
- Technological disruptions and the need for continuous innovation.
- Currency fluctuations impacting profitability and financial performance.
What Are the Growth Opportunities for AAFRF?
- Expansion of 4G and 5G Networks: Airtel Africa can capitalize on the increasing demand for high-speed internet by expanding its 4G and 5G networks across its operating regions. This includes investing in infrastructure upgrades and spectrum acquisitions to enhance network capacity and coverage. The rollout of advanced networks will enable Airtel Africa to offer enhanced data services and attract new customers, driving revenue growth. As of 2026, the African 4G market is projected to reach $25 billion, presenting a substantial opportunity for Airtel Africa.
- Mobile Money Services Growth: Airtel Africa's mobile money services, including digital wallet payments, microloans, and international money transfers, represent a significant growth opportunity. By expanding its mobile money platform and introducing new financial products, Airtel Africa can tap into the unbanked population and increase transaction volumes. The mobile money market in Africa is expected to reach $14 billion by 2028, driven by increasing smartphone adoption and financial inclusion initiatives.
- Strategic Partnerships and Acquisitions: Airtel Africa can pursue strategic partnerships and acquisitions to expand its market presence and service offerings. This includes collaborating with technology companies, content providers, and financial institutions to deliver innovative solutions to its customers. Acquisitions of smaller telecommunications operators can also provide Airtel Africa with access to new markets and customer bases. These partnerships can accelerate growth and enhance Airtel Africa's competitive position.
- Enterprise Services Expansion: Airtel Africa can expand its enterprise services offerings to cater to the growing demand for connectivity and digital solutions from businesses. This includes providing data communication services, cloud solutions, and managed services to enterprises across various sectors. By offering tailored solutions and reliable connectivity, Airtel Africa can attract enterprise customers and generate recurring revenue streams. The enterprise services market in Africa is projected to reach $10 billion by 2027.
- Increased Smartphone Penetration: The increasing smartphone penetration across Africa presents a significant growth opportunity for Airtel Africa. As more people gain access to smartphones, the demand for data services and mobile applications will increase. Airtel Africa can capitalize on this trend by offering affordable data plans and value-added services that cater to smartphone users. This includes partnering with handset manufacturers to offer bundled deals and promotions, driving smartphone adoption and data consumption.
What Are AAFRF's Competitive Advantages?
- Extensive Network Infrastructure: Airtel Africa has invested significantly in its network infrastructure, providing wide coverage and reliable connectivity across its operating regions.
- Strong Brand Recognition: Airtel is a well-known and trusted brand in Africa, with a strong reputation for quality and service.
- Mobile Money Ecosystem: Airtel Africa's mobile money platform provides a comprehensive suite of financial services, creating a sticky customer base.
- Regulatory Licenses: Airtel Africa holds licenses to operate in multiple African countries, providing a barrier to entry for new competitors.
What Does AAFRF Do?
Incorporated in 2018 and based in London, Airtel Africa Plc operates as a subsidiary of Airtel Africa Mauritius Limited, providing telecommunications and mobile money services across Africa. The company's services include prepaid and postpaid wireless voice, international roaming, and fixed-line telephone services. It also offers data communication services, utilizing 2G, 3G, and 4G technologies, alongside mobile money services encompassing digital wallet payments, microloans, savings, and international money transfers. Airtel Africa extends its offerings to messaging, value-added services, enterprise solutions, and infrastructure sharing, along with handset sales and support services. Operating in Nigeria, East Africa, and Francophone Africa, Airtel Africa has established a significant presence in the African telecommunications market. The company continues to expand its reach and enhance its service offerings to meet the growing demands of its customer base.
What Products and Services Does AAFRF Offer?
- Provides prepaid and postpaid wireless voice services.
- Offers international roaming services.
- Provides fixed line telephone services.
- Offers data communication services (2G, 3G, 4G).
- Provides mobile money services (digital wallets, microloans, savings, international money transfers).
- Offers messaging and value-added services.
- Provides enterprise solutions.
- Sells handsets and provides support services.
How Does AAFRF Make Money?
- Generates revenue from voice and data services through prepaid and postpaid subscriptions.
- Earns fees from mobile money transactions and related financial services.
- Provides enterprise solutions and infrastructure sharing services to businesses.
- Sells handsets and accessories through retail channels.
What Industry Does AAFRF Operate In?
Airtel Africa operates within the competitive African telecommunications market, which is characterized by increasing mobile penetration and growing demand for data and mobile money services. The industry is witnessing a shift towards 4G and 5G technologies, driving the need for infrastructure investments. Airtel Africa competes with established players like MTN Group and regional providers, navigating regulatory landscapes and economic conditions across diverse African countries. The telecommunications sector in Africa is expected to grow, driven by increasing smartphone adoption and expanding internet access.
Who Are AAFRF's Key Customers?
- Individual mobile subscribers across Nigeria, East Africa, and Francophone Africa.
- Businesses requiring data communication and enterprise solutions.
- Users of mobile money services for payments, transfers, and financial transactions.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 52 |
| 2026-08-26 | 52 |
| 2026-08-29 | 52 |
| 2026-09-01 | 52 |
| 2026-09-04 | 52 |
| 2026-09-07 | 52 |
| 2026-09-10 | 52 |
What changed?
The score has stayed at 52.
Over the same 18 days the stock moved +9.3%.
Forward Outlook
Wall Street analysts project Airtel Africa Plc revenue of about $6.35B for fiscal 2026, with EPS near $0.18. The estimate reflects 8 contributing analysts.
Earnings Track Record
Airtel Africa Plc has beaten Wall Street's EPS estimate in 5 of its last 8 reported quarters — more hits than misses. Reported results have landed about 8.2% above estimates on average.
Financial Health
Airtel Africa Plc's Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.32 places it in the grey zone, a middle ground that warrants monitoring.
Key Financial Metrics
Return on equity for Airtel Africa Plc stands at 23.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.8%, showing how much profit it generates from its asset base. AAFRF trades at a trailing price-to-earnings ratio of 23.63, above the Communication Services sector average of ~17.60x. Its free cash flow yield is 11.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.58 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 3.9%, the inverse of the P/E and a quick read on earnings relative to price.
Airtel Africa Plc (AAFRF) Valuation Context
Valued at $17.3B, AAFRF is classified as a large-cap stock.
AAFRF Revenue & Earnings Trend
In Jun 2026, AAFRF generated $1.83B in top-line revenue, marking a sequential increase of 6.7%. The company recorded net income of $158.0M, with diluted EPS of $0.04. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Communication Services company. Across the four most recent quarters, AAFRF averaged $0.05 in diluted EPS.
Company Profile
Airtel Africa Plc operates in the Telecommunications Services industry within the Communication Services sector. It is headquartered in London, GB. The company is led by CEO Sunil Kumar Taldar. AAFRF has traded publicly since 2022.
AAFRF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Strong presence in key African markets.
- Diverse service offerings including voice, data, and mobile money.
- Established brand recognition and customer loyalty.
- Growing mobile money ecosystem.
Bear Case
- Exposure to regulatory risks in multiple countries.
- Dependence on infrastructure investments.
- Competition from established players.
- Currency fluctuations impacting profitability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Jun 2026 | $1.83B | $158M | $0.04 |
| Mar 2026 | $1.72B | $195M | $0.05 |
| Dec 2025 | $1.71B | $179M | $0.05 |
| Sep 2025 | $1.56B | $176M | $0.05 |
Based on FMP financials and quantitative analysis
AAFRF Latest News
No recent news available for AAFRF.
AAFRF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for AAFRF.
Price Targets
Wall Street price target analysis for AAFRF.
AAFRF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for AAFRF; grades run from A+ (80-100) to F (below 30).
Leadership: Sunil Kumar Taldar
CEO
Sunil Kumar Taldar serves as the CEO of Airtel Africa Plc, overseeing the company's operations across multiple African markets. His career spans various leadership roles in the telecommunications industry, bringing extensive experience in strategic planning, market development, and operational management. He holds a degree in engineering and an MBA from a leading business school. Prior to joining Airtel Africa, Sunil held senior positions at major telecommunications companies, driving growth and innovation.
Track Record: Since assuming the role of CEO, Sunil Kumar Taldar has focused on expanding Airtel Africa's network infrastructure, enhancing its service offerings, and driving growth in mobile money services. Under his leadership, the company has achieved significant milestones in subscriber growth, revenue generation, and market share. He has also overseen strategic initiatives to improve operational efficiency and customer satisfaction.
AAFRF OTC Market Information
The OTC Other tier, where AAFRF trades, represents securities that are not listed or quoted on a national exchange like the NYSE or NASDAQ. These securities often include smaller, less liquid companies, and may not meet the minimum listing requirements of the major exchanges. Companies on the OTC Other tier may have limited financial disclosure and regulatory oversight compared to exchange-listed companies. Investing in OTC Other securities carries higher risks due to the potential for price volatility and limited information.
- OTC Tier: OTC Other
- Limited Financial Disclosure: The lack of readily available financial information increases the difficulty of assessing the company's financial health.
- Lower Liquidity: Reduced trading volume can lead to wider bid-ask spreads and increased price volatility.
- Regulatory Oversight: OTC-traded companies are subject to less regulatory scrutiny than exchange-listed companies.
- Potential for Fraud: The OTC market is more susceptible to fraudulent schemes and scams.
- Information Asymmetry: Limited information availability can create an uneven playing field for investors.
- Verify the company's registration and regulatory filings.
- Review the company's financial statements and audit reports.
- Assess the company's business model and competitive landscape.
- Evaluate the company's management team and corporate governance.
- Monitor news and press releases for any red flags.
- Consult with a financial advisor to assess the risks.
- Understand the OTC market's trading rules and regulations.
- Established Business Operations: Airtel Africa has a significant operational history in the African telecommunications market.
- Audited Financial Statements: Verify if the company provides audited financial statements, even if not mandated.
- Active Investor Relations: Check for active investor relations and communication channels.
- Positive News Coverage: Look for positive news coverage and industry recognition.
- Subsidiary of Airtel Africa Mauritius Limited: Being a subsidiary of a larger entity can add a layer of legitimacy.
Common Questions About AAFRF (Communication Services)
Is AAFRF a good stock?
Stock Expert AI does not rate AAFRF buy, sell or hold. Airtel Africa Plc has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What do analysts say about AAFRF stock?
Key valuation metrics to consider include the P/E ratio of 23.63 and the profit margin of 9.0%. Growth considerations involve the expansion of 4G and 5G networks, the increasing adoption of mobile money services, and strategic partnerships.
What are the key factors to evaluate for AAFRF?
Evaluate AAFRF on fundamentals, analyst consensus, and risk factors. P/E: 23.63x vs the S&P 500's ~20-25x. With a P/E ratio of 23.63 and a profit margin of 9.0%, the company demonstrates solid profitability. Not financial advice.
How frequently does AAFRF data refresh on this page?
AAFRF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven AAFRF's recent stock price performance?
Airtel Africa Plc (AAFRF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong presence in key African markets. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider AAFRF overvalued or undervalued right now?
Airtel Africa Plc (AAFRF) trades at 23.63x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of AAFRF?
Yes, most major brokerages offer fractional shares of Airtel Africa Plc (AAFRF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track AAFRF's earnings and financial reports?
Airtel Africa Plc (AAFRF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for AAFRF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on the most recent available information.
- OTC market data may have limited availability and accuracy.