Airtel Africa/£AAF
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Airtel Africa
Airtel Africa plc, listed under the ticker AAF, is a telecommunications and mobile money services provider based in the United Kingdom. The company, which was founded in 2010, primarily operates across Nigeria, East Africa, and Francophone Africa. It is renowned for its wide range of services including mobile voice, data services, and mobile money operations through its consumer brand Airtel Money.
- Ticker
- £AAF
- Sector
- Communication
- Primary listing
- LSE
- Employees
- 4,512
- Headquarters
- London, United Kingdom
- Website
- airtel.africa
Airtel Africa Metrics
BasicAdvanced
£10B
18.16
£0.15
0.52
£0.05
1.91%
Price and volume
Market cap
£10B
Beta
0.52
52-week high
£4.36
52-week low
£2.52
Average daily volume
3.5M
Dividend rate
£0.05
Financial strength
Current ratio
0.576
Quick ratio
0.202
Long term debt to equity
1.448
Total debt to equity
1.847
Dividend payout ratio (TTM)
34.54%
Interest coverage (TTM)
2.94%
Profitability
EBITDA (TTM)
2,364.435
Gross margin (TTM)
67.36%
Net profit margin (TTM)
10.27%
Operating margin (TTM)
33.58%
Effective tax rate (TTM)
43.63%
Revenue per employee (TTM)
£1,205,800
Management effectiveness
Return on assets (TTM)
11.07%
Return on equity (TTM)
26.54%
Valuation
Price to earnings (TTM)
18.163
Price to revenue (TTM)
1.865
Price to book
3.08
Price to tangible book (TTM)
-11.1
Price to free cash flow (TTM)
5.811
Free cash flow yield (TTM)
17.21%
Free cash flow per share (TTM)
0.48
Dividend yield (TTM)
1.91%
Growth
Revenue change (TTM)
30.08%
Earnings per share change (TTM)
52.80%
3-year revenue growth (CAGR)
10.87%
3-year earnings per share growth (CAGR)
35.15%
3-year dividend per share growth (CAGR)
9.21%
What the Analysts think about Airtel Africa
Analyst ratings (Buy, Hold, Sell) for Airtel Africa stock.
Analyst projections of the future price of Airtel Africa stock.
Bulls say / Bears say
Data is becoming a stronger growth engine: data revenue rose 28% in constant currency, as data customers grew 15% and data ARPU rose 10.7%. Rising smartphone use and monthly data consumption give Airtel room to keep increasing usage and monetisation. (London Stock Exchange)
Airtel Money is expanding quickly, with customers up 22.4% to 60.9 million and constant-currency revenue up 25.8%. Only 31.4% of Airtel’s telecom customers use the service, leaving substantial scope to grow adoption. (London Stock Exchange)
The group is pairing fast growth with improving financial resilience: underlying EBITDA margin rose to 50.3%, leverage fell to 1.6 times, and the interim dividend increased 9.2%. That combination supports investment in expansion while returning cash to shareholders. (London Stock Exchange)
Higher fuel costs are already squeezing Nigeria, Airtel’s largest market: fuel prices doubled and its mobile-services margin fell from 58.8% to 57.5% between the first and second quarters. Further cost rises could eat into profit growth even as revenue expands. (London Stock Exchange)
Capital spending more than doubled to $657 million in the half, while full-year guidance is about $1.1 billion. The investment may support future growth, but it raises the risk that near-term cash available after network spending will be weaker. (London Stock Exchange)
Currency movements make reported performance and cash conversion less predictable: H1 revenue grew 28.2% in reported dollars but 20.8% in constant currency. Airtel also warns that adverse exchange-rate moves can hit earnings and liquidity, and that limited foreign-currency availability in some markets can delay supplier payments. (London Stock Exchange)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.
Airtel Africa Financial Performance
Revenues and expenses
Airtel Africa Earnings Performance
Company profitability
Upcoming events
Funds containing Airtel Africa
AllEURGBPUSD
Fund name | Fund size | £AAF weighting |
|---|---|---|
iShares STOXX Europe 600 Telecommunications€EXV2 | €252M | 0.74% |
Vanguard FTSE 100£VUKE | £4.7B | 0.07% |
Vanguard FTSE 100£VUKG | £1.9B | 0.07% |
Invesco MSCI World Equal Weight$MWEQ | $2B | 0.07% |
Invesco MSCI World Equal Weight£MWEP | $2B | 0.07% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.