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An Analysis on Airtel Africa Plc

May 19, 2022   •   by Arthur Stevens Asset Management   •   Source: Arthur Stevens Asset Management   •   eye-icon 3737 views

We analyzed Airtel Africa Plc and came up with what we considered a fair value for its shares...


The value we arrived at using the discounted cash flow technique is our best estimate of where the share price should be at the moment and is derived from forecasts based on our best assumptions.


We have therefore placed a TP of N1755.45 on the share price against the market price of N1400 representing an upside of N355.45 (25.38%). Considering market sentiment, we expect the company to bring to bear its wealth of experience in the mobile money business garnered from other regions of East Africa and Francophone Africa in its largest single market; Nigeria as the PSB and Super agent licences are fully operationalized.

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