Airtel Africa/£AAF
1D1W1MYTD1Y5YMAX
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
- 4,541
- Headquarters
- London, United Kingdom
- Website
- airtel.africa
Airtel Africa Metrics
BasicAdvanced
£11B
21.32
£0.15
0.46
£0.05
1.70%
Price and volume
Market cap
£11B
Beta
0.46
52-week high
£4.36
52-week low
£2.19
Average daily volume
3.7M
Dividend rate
£0.05
Financial strength
Current ratio
0.565
Quick ratio
0.2
Long term debt to equity
1.415
Total debt to equity
1.836
Dividend payout ratio (TTM)
34.50%
Interest coverage (TTM)
2.81%
Profitability
EBITDA (TTM)
2,215.935
Gross margin (TTM)
71.16%
Net profit margin (TTM)
10.36%
Operating margin (TTM)
33.36%
Effective tax rate (TTM)
43.23%
Revenue per employee (TTM)
£1,141,380
Management effectiveness
Return on assets (TTM)
10.71%
Return on equity (TTM)
26.41%
Valuation
Price to earnings (TTM)
21.323
Price to revenue (TTM)
2.211
Price to book
3.53
Price to tangible book (TTM)
-12.72
Price to free cash flow (TTM)
6.466
Free cash flow yield (TTM)
15.47%
Free cash flow per share (TTM)
0.484
Dividend yield (TTM)
1.70%
Growth
Revenue change (TTM)
31.37%
Earnings per share change (TTM)
112.43%
3-year revenue growth (CAGR)
8.43%
3-year earnings per share growth (CAGR)
30.49%
3-year dividend per share growth (CAGR)
9.22%
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
Airtel Africa is benefiting from strong data adoption. In the latest quarter, data customers rose 15.5%, data traffic increased 56.3%, and data revenue grew 27.2% in constant currency, giving the core telecoms business a clear growth engine. (Investegate, Financial Times)
Airtel Money is scaling faster than the wider group and could unlock value through a separate London listing. Its customer base grew 23.3% and annualised transaction value rose 51.5% to more than $245bn, while management confirmed London as the preferred venue for the 2026 IPO. (Investegate, TechAfrica News)
Operating momentum is improving the financial position. First-quarter EBITDA rose 36.6%, the margin reached 50.1%, leverage fell to 1.7 times EBITDA and the company is returning capital through a buyback of up to $110m. (Investegate, Financial Times)
The growth plan is becoming more cash-intensive. First-quarter capital expenditure jumped to $389m from $121m, while operating free cash flow fell 3.5%, and management warned that higher energy costs could pressure margins. (Investegate, Business Upturn)
Reported results remain highly exposed to African currencies. Recent revenue growth was helped by currency appreciation, so a renewed naira or other local-currency depreciation could reduce translated revenue and increase pressure from the group’s dollar-linked obligations. (Investegate, AfricanFinancials)
The Airtel Money IPO may deliver less value than investors expected. Reports on 18 September said the potential fundraise was being reduced to at least $800m from an earlier $1.5bn-$2bn range, with the valuation also lowered after investor feedback. (Nairametrics, Business Insider Africa)
Data summarised monthly by Lightyear AI. Last updated on 18 Sept 2026.
Airtel Africa Financial Performance
Revenues and expenses
Airtel Africa Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing Airtel Africa
AllEURGBPUSD
Fund name | Fund size | £AAF weighting |
|---|---|---|
iShares STOXX Europe 600 Telecommunications€EXV2 | €268M | 0.77% |
iShares Core FTSE 100€ISFA | €19B | 0.08% |
Vanguard FTSE 100£VUKE | £4.8B | 0.08% |
iShares Core FTSE 100£ISF | £16B | 0.08% |
iShares Core FTSE 100£CUKX | £3.2B | 0.08% |
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.