Airtel Africa Plc (AARTY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Airtel Africa Plc (AARTY) trades at $45.37 with AI Score 46/100 (Grade C). Airtel Africa Plc provides telecommunications and mobile money services across Africa. Market cap: $16.58B, Sector: Communication services.
Price live · AI analysis from Mar 15, 2026Analyst Coverage for AARTY: AARTY 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 AARTY against Communication Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
AARTY: the 1 perspectives are evenly split.
How is this calculated? →Airtel Africa Plc (AARTY) Media & Communications Profile
Airtel Africa Plc delivers telecommunications and mobile money services across Africa, focusing on Nigeria, East Africa, and Francophone Africa. The company distinguishes itself through its mobile money offerings and extensive network infrastructure in a high-growth, yet competitive, African telecommunications market.
What Is the Investment Thesis for AARTY?
Airtel Africa presents an investment opportunity driven by the increasing demand for telecommunications and mobile money services in Africa. The company's focus on expanding its 4G network and mobile money platform, coupled with a growing subscriber base, supports revenue growth. With a profit margin of 9.0% and a gross margin of 66.4%, Airtel Africa demonstrates strong profitability potential. The company's dividend yield of 1.44% provides a steady income stream for investors. Key risks include regulatory challenges and competition from other telecommunications providers. The company's beta of 0.50 suggests lower volatility compared to the market.
Based on FMP financials and quantitative analysis
AARTY Key Highlights
- Market capitalization of $16.58B indicates substantial investor confidence.
- P/E ratio of 31.61 reflects investor expectations of future earnings growth.
- Gross margin of 66.4% demonstrates efficient cost management and strong pricing power.
- Dividend yield of 1.44% provides a steady income stream for investors.
- Beta of 0.50 suggests lower volatility compared to the broader market.
Who Are AARTY's Competitors?
AARTY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| HLTOF Hellenic Telecommunications Organization S.A. | $20.85 | +0.00% | $8.44B | 52 |
| MAXSF Maxis Berhad | $0.71 | -0.00% | $5.56B | 53 |
| MICCF Millicom International Cellular S.A. | $18.45 | +0.00% | $3.16B | 51 |
| MYTEF Telekom Malaysia Berhad | $1.78 | +0.00% | $6.83B | 52 |
| GOGO Gogo Inc. | $3.57 | +2.88% | $482.80M | 71 |
| ATEX Anterix Inc. | $105.14 | -2.83% | $2.05B | 68 |
| TEO Telecom Argentina S.A. | $12.55 | -0.95% | $5.41B | 67 |
| ELWT Elauwit Connection, Inc. | $6.97 | -3.19% | $36.65M | 64 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are AARTY's Key Strengths?
- Extensive network coverage across Africa.
- Strong mobile money platform.
- Growing subscriber base.
- Diversified revenue streams.
What Are AARTY's Weaknesses?
- Exposure to currency fluctuations.
- Dependence on regulatory approvals.
- Competition from other telecommunications providers.
- Infrastructure challenges in some regions.
What Could Drive AARTY Stock Higher?
- Expansion of 4G network coverage to underserved areas, driving data revenue growth.
- Increasing adoption of mobile money services, boosting transaction volumes and revenue.
- Potential regulatory approvals for new services and markets, expanding growth opportunities.
- Strategic partnerships with technology providers and financial institutions, enhancing service offerings.
What Are the Key Risks for AARTY?
- Regulatory changes in African countries, impacting operations and profitability.
- Exposure to currency fluctuations, affecting financial performance.
- Competition from other telecommunications providers, reducing market share.
- Economic instability in some African countries, impacting customer spending and demand.
What Are the Growth Opportunities for AARTY?
- Expansion of 4G Network: Airtel Africa can capitalize on the increasing demand for high-speed internet by expanding its 4G network coverage across its operating regions. This will enable the company to attract more data subscribers and increase data revenue. The market for 4G services in Africa is projected to grow significantly, driven by increasing smartphone adoption and the availability of affordable data plans. Timeline: Ongoing.
- Mobile Money Services: Airtel Africa's mobile money platform offers significant growth potential by providing digital financial services to the unbanked population. Expanding the range of mobile money services, such as microloans and insurance products, can attract more users and increase transaction volumes. The mobile money market in Africa is experiencing rapid growth, driven by the increasing adoption of digital payments. Timeline: Ongoing.
- Strategic Partnerships: Forming strategic partnerships with other companies, such as technology providers and financial institutions, can enhance Airtel Africa's service offerings and expand its customer base. Partnerships can enable the company to offer innovative solutions and reach new markets. The telecommunications industry is increasingly characterized by collaboration and partnerships. Timeline: Ongoing.
- Enterprise Solutions: Airtel Africa can leverage its network infrastructure and expertise to provide enterprise solutions to businesses, such as cloud services and data analytics. This will enable the company to diversify its revenue streams and tap into the growing demand for digital solutions among businesses. The enterprise solutions market in Africa is projected to grow significantly. Timeline: Ongoing.
- Increase Smartphone Penetration: By offering affordable handsets and data plans, Airtel Africa can drive smartphone penetration among its customer base. This will enable the company to increase data usage and revenue. The smartphone market in Africa is growing rapidly, driven by the increasing availability of affordable devices. Timeline: Ongoing.
What Opportunities Does AARTY Have?
- Expansion of 4G network.
- Growth of mobile money services.
- Strategic partnerships.
- Increasing smartphone penetration.
What Threats Does AARTY Face?
- Regulatory changes.
- Economic instability in some African countries.
- Cybersecurity risks.
- Technological disruptions.
What Are AARTY's Competitive Advantages?
- Extensive network infrastructure across multiple African countries.
- Strong brand recognition and customer loyalty.
- Established mobile money platform with a large user base.
- Strategic partnerships with technology providers and financial institutions.
What Does AARTY Do?
Incorporated in 2018 and based in London, Airtel Africa Plc is a telecommunications and mobile money services provider operating across Africa. A subsidiary of Airtel Africa Mauritius Limited, the company has rapidly expanded its footprint to serve customers in Nigeria, East Africa, and Francophone Africa. Airtel Africa offers a comprehensive suite of services, including prepaid and postpaid wireless voice, international roaming, and fixed-line telephone services. Its data communication services encompass 2G, 3G, and 4G technologies, catering to the increasing demand for high-speed internet access. A key differentiator is its mobile money services, which include digital wallet payment systems, microloans, savings accounts, and international money transfers. These services address the financial inclusion needs of the African population. Additionally, Airtel Africa provides messaging, value-added services, enterprise solutions, and infrastructure sharing, further diversifying its revenue streams. The company also engages in handset sales, making telecommunications accessible to a broader customer base. Airtel Africa's strategic focus on mobile money and data services positions it to capitalize on the growing demand for digital financial solutions and internet connectivity in the African market.
What Products and Services Does AARTY Offer?
- Provides prepaid and postpaid wireless voice services.
- Offers international roaming services.
- Delivers fixed line telephone services.
- Provides 2G, 3G, and 4G data communication services.
- Offers mobile money services, including digital wallet payments.
- Facilitates microloans, savings, and international money transfers.
- Provides messaging and value-added services.
- Offers enterprise and infrastructure sharing services.
How Does AARTY Make Money?
- Generates revenue from prepaid and postpaid voice services.
- Earns revenue from data communication services.
- Collects fees from mobile money transactions.
- Provides enterprise solutions and infrastructure sharing services.
- Sells handsets to customers.
What Industry Does AARTY Operate In?
Airtel Africa operates in the rapidly growing African telecommunications market, driven by increasing mobile penetration and demand for data services. The industry is characterized by intense competition, with players vying for market share in voice, data, and mobile money services. The rise of mobile money is transforming financial inclusion across the continent. Airtel Africa competes with other major telecommunications providers, focusing on expanding its network coverage and enhancing its service offerings. The African telecommunications market is expected to continue its growth trajectory, driven by increasing urbanization and a growing middle class.
Who Are AARTY's Key Customers?
- Individual mobile subscribers.
- Businesses requiring telecommunications and data services.
- Users of mobile money services.
- Enterprises seeking cloud and data analytics solutions.
- International roaming customers.
Airtel Africa Plc (AARTY) Valuation Context
Valued at $16.58B, AARTY is classified as a large-cap stock. Relative to its peer group, AARTY's quantitative score of 46/100 is roughly in line with the peer average of 56/100.
AARTY Revenue & Earnings Trend
In Q1 2026, AARTY generated $1.75B in top-line revenue, marking a sequential increase of 3.7%. The company recorded net income of $199.0M, with diluted EPS of $0.54. 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, AARTY averaged $0.46 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. AARTY has traded publicly since 2023.
ROE 26%Key Financial Metrics
Return on equity for Airtel Africa Plc stands at 26.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 10.2%, showing how much profit it generates from its asset base. AARTY trades at a trailing price-to-earnings ratio of 0.00, below the Communication Services sector average of ~18x. Its free cash flow yield is 0.0%, 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 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 9/9Financial Health
Airtel Africa Plc's Piotroski F-Score is 9/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 2.28 places it in the grey zone, a middle ground that warrants monitoring.
FY2026 estForward Outlook
Wall Street analysts project Airtel Africa Plc revenue of about $6.41B for fiscal 2026, with EPS near $0.00. The estimate reflects 8 contributing analysts.
AARTY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2026
Bull Case vs Bear Case
Bull Case
- Extensive network coverage across Africa.
- Strong mobile money platform.
- Growing subscriber base.
- Diversified revenue streams.
Bear Case
- Exposure to currency fluctuations.
- Dependence on regulatory approvals.
- Competition from other telecommunications providers.
- Infrastructure challenges in some regions.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $1.75B | $199M | $0.54 |
| Q4 2025 | $1.69B | $177M | $0.49 |
| Q3 2025 | $1.56B | $176M | $0.48 |
| Q2 2025 | $1.43B | $127M | $0.35 |
Based on FMP financials and quantitative analysis
AARTY Latest News
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Airtel Africa Q4 Earnings Call Highlights
Yahoo! Finance: AARTY News · May 8, 2026
AARTY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for AARTY.
Price Targets
Wall Street price target analysis for AARTY.
AARTY MoonshotScore
What does this score mean?
The MoonshotScore rates AARTY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Sunil Kumar Taldar
Managing Director and CEO
Sunil Kumar Taldar is the Managing Director and CEO of Airtel Africa Plc. He brings extensive experience in the telecommunications industry, with a proven track record of driving growth and innovation. Prior to joining Airtel Africa, he held leadership positions at various telecommunications companies, where he was responsible for strategy, operations, and business development. He holds a degree in engineering and an MBA from a leading business school.
Track Record: Since assuming the role of Managing Director and CEO, Sunil Kumar Taldar has focused on expanding Airtel Africa's network coverage, enhancing its service offerings, and driving subscriber growth. Under his leadership, the company has made significant investments in its 4G network and mobile money platform. He has also overseen the implementation of various strategic initiatives aimed at improving operational efficiency and customer satisfaction.
Airtel Africa Plc ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. AARTY functions as a Level 1 ADR, meaning it trades over-the-counter (OTC) without needing to meet the strict listing requirements of exchanges like the NYSE or NASDAQ. This allows U.S. investors to invest in Airtel Africa more easily.
- Home Market Ticker: London Stock Exchange, United Kingdom
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: AART
AARTY OTC Market Information
The OTC Other tier represents the lowest tier of the over-the-counter (OTC) market. Companies in this tier often have limited financial disclosure and may not meet the listing requirements of major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the lack of regulatory oversight and transparency.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure.
- Lower liquidity and trading volumes.
- Wider bid-ask spreads.
- Potential for price manipulation.
- Higher risk of fraud or mismanagement.
- Verify the company's registration and legal status.
- Obtain and review available financial reports.
- Assess the company's management team and track record.
- Research the company's industry and competitive landscape.
- Evaluate the company's risk factors and potential liabilities.
- Consult with a financial advisor or legal professional.
- Understand the OTC market's regulations and risks.
- Subsidiary of Airtel Africa Mauritius Limited.
- Operations in multiple African countries.
- Provision of telecommunications and mobile money services.
- Presence on OTC Markets.
Airtel Africa Plc Communication Services Stock: Key Questions Answered
What does Airtel Africa Plc do?
Airtel Africa Plc provides telecommunications and mobile money services across Africa, focusing on Nigeria, East Africa, and Francophone Africa. The company offers a range of services, including prepaid and postpaid wireless voice, data communication, and mobile money solutions. Its mobile money services enable users to conduct digital wallet payments, microloans, savings, and international money transfers. Airtel Africa aims to connect people and businesses across the continent, driving economic growth and financial inclusion.
What do analysts say about AARTY stock?
Analyst coverage of AARTY is limited due to its OTC listing. However, the company's growth potential in the African telecommunications market is recognized. Key valuation metrics include the P/E ratio of 31.61, which reflects investor expectations of future earnings growth. Analysts are closely monitoring the company's subscriber growth, data revenue, and mobile money transaction volumes. The company's ability to navigate regulatory challenges and maintain its competitive position will be crucial for its long-term success.
What are the main risks for AARTY?
Airtel Africa faces several risks, including regulatory changes in African countries, exposure to currency fluctuations, and competition from other telecommunications providers. Regulatory changes can impact the company's operations and profitability. Currency fluctuations can affect its financial performance. Competition from other players can reduce its market share. Additionally, economic instability in some African countries can impact customer spending and demand. The company's ability to manage these risks will be crucial for its long-term success.
What are the key factors to evaluate for AARTY?
Airtel Africa Plc (AARTY) holds an AI score of 46/100 (low). Not financial advice.
How frequently does AARTY data refresh on this page?
AARTY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven AARTY's recent stock price performance?
Airtel Africa Plc (AARTY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Extensive network coverage across Africa. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider AARTY overvalued or undervalued right now?
Valuing Airtel Africa Plc (AARTY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying AARTY?
Before investing in Airtel Africa Plc (AARTY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
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.
- Limited analyst coverage due to OTC listing.
- Disclosure status on OTC markets is unknown.