LON/AAF (LON/AAF)

London Stock Exchange: LON/AAF · GBX

GBX 270

-6.39 (-2.3%)· Recorded snapshot

Market cap	9.8B
Revenue (ttm)	5.2B
Net income (ttm)	537.4M
EPS (ttm)	GBX 0.15
Shares out	3.6B
P/E (trailing)	18.4x
P/E (forward)	13.5x
Dividend	GBX 0.05 (1.98%)
Volume	2,055,488
Beta	0.52

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 5.2B
Net income (ttm): 537.4M
EPS (ttm): GBX 0.15
P/E (trailing): 18.4x
P/E (forward): 13.5x
Market cap: 9.8B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E13.5

P25 9.5P50 13.3P75 18.3

Trailing P/E18.4

P25 10.1P50 15.5P75 23.5

ROE26.4

P25 -3.6P50 7.7P75 18.3

ROIC14.2

P25 -0.9P50 6.3P75 13.4

Benchmarks · 1M

S&P 500+0.8%

Nasdaq Composite-1.0%

Dow Jones Industrial Average+1.9%

Russell 2000+0.3%

All LON/AAF indicators

Market & fundamental data

Available fields

249

Groups with data

Currency

USD

Showing 249 of 249 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	GBP
Country	United Kingdom
Country code	UK
Earnings date	2026-10-30
Employees	4,541
Employees change	29
Employees growth	0.64%
Enterprise value	GBX 14.4B
Exchange	London Stock Exchange
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	March
Founded	2018
Industry	Telecom Services
Is primary listing	Yes
ISIN number	GB00BKDRYJ47
Last earnings date	2026-07-23
Last refreshed	2026-10-28
Market cap	GBX 9.8B
Next earnings date	2026-10-30
Price	GBX 270.40
Price currency	GBX
Sector	Communication Services
SIC code	4812
Stock price date	2026-10-28
Symbol	lon/AAF
Website	https://airtel.africa

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	35.56x
Average P/E ratio (3Y)	79.08x
Average P/E ratio (5Y)	48.43x
Earnings yield	5.45%
EV/Earnings	27.14x
EV/EBIT	8.43x
EV/EBITDA	5.74x
EV/FCF	7.77x
EV/Sales	2.81x
FCF / EV yield	12.88%
FCF yield	18.7%
Forward P/E	13.5x
Graham number	148.639
Graham upside	-45.35%
Industry forward P/E	13.24x
Industry P/E	54.89x
Lynch fair value	GBX 162.95
Lynch upside	-40.09%
P/B ratio	3.73x
P/E ratio	18.35x
P/FCF ratio	5.35x
P/OCF ratio	3.9x
P/S ratio	1.94x
PEG ratio	0.44x
Price/EBITDA ratio	4.52x
Sector forward P/E	12.61x
Sector P/E	55.35x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	33.39%
EBITDA margin	42.92%
Effective tax rate	43.23%
FCF margin	36.32%
Gross margin	67.36%
Operating margin	33.39%
Pretax margin	21.9%
Profit margin	10.37%
Profit per employee	GBX 118,341
Profitable quarters	9
Profitable years	2
Revenue per employee	GBX 1.1M
ROA	10.71%
ROA (5Y)	9.63%
ROCE	25.26%
ROE	26.41%
ROE (5Y)	15.53%
ROIC	14.25%
ROIC (5Y)	16.39%
Tax / revenue	9.47%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	112.43%
EPS growth (Q)	27.47%
EPS growth (QoQ)	-19.62%
EPS growth 3Y	30.49%
EPS growth 5Y	11.79%
EPS growth quarters	7
EPS growth years	2
FCF growth	45.05%
FCF growth (Q)	12.02%
FCF growth (QoQ)	-27.07%
FCF growth 3Y	14.41%
FCF growth 5Y	15.39%
Gross profit growth	37.53%
Gross profit growth (Q)	34.65%
Gross profit growth 3Y	11.32%
Gross profit growth 5Y	12.77%
Net income growth	110.32%
Net income growth (Q)	26.98%
Net income growth (QoQ)	-19.6%
Net income growth 3Y	29.28%
Net income growth 5Y	11.06%
Net income growth quarters	7
Net income growth years	2
OCF growth	41.03%
OCF growth (Q)	38.38%
OCF growth (QoQ)	-11.59%
OCF growth 3Y	12.14%
OCF growth 5Y	13.59%
Operating income growth	44.95%
Operating income growth (Q)	40.58%
Operating income growth 3Y	8.57%
Operating income growth 5Y	12.61%
Revenue growth	31.37%
Revenue growth (Q)	30.54%
Revenue growth (QoQ)	5.88%
Revenue growth 3Y	8.43%
Revenue growth 5Y	10.47%
Revenue growth quarters	7
Revenue growth years	1

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	GBX -694.2M
Depreciation and amortization	GBX 492.7M
EBIT	GBX 1.7B
EBITDA	GBX 2.2B
EPS	GBX 0.15
FCF per share	GBX 0.52
Financing cash flow	GBX -1.3B
Free cash flow	GBX 1.9B
Gross profit	GBX 3.5B
Income taxes	GBX 490.7M
Investing cash flow	GBX -758.2M
Net borrowing	GBX -276M
Net cash flow	GBX 551M
Net income	GBX 537.4M
Operating income	GBX 1.7B
Revenue	GBX 5.2B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.16
Book value per share	GBX 0.67
Debt / EBITDA	1.95
Debt / equity	1.84
Debt / FCF	2.63
Goodwill	GBX 2.4B
Interest coverage	2.81
Long-term assets	GBX 8.6B
Long-term liabilities	GBX 4.2B
Net cash (debt)	GBX -4.3B
Net cash / market cap	-42.63%
Net debt / EBITDA	1.93
Net debt / equity	1.59
Net debt / FCF	2.28
Piotroski F-Score	8
Property, plant and equipment	GBX 5B
Shareholders' equity	GBX 2.7B
Tangible book value	GBX -673.8M
Tangible book value per share	GBX -0.18
Total assets	GBX 10.8B
Total cash	GBX 660.2M
Total debt	GBX 4.9B
Total liabilities	GBX 8.1B
WACC	7.1%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.51
Current assets	GBX 2.2B
Current liabilities	GBX 4B
Current ratio	0.57
Inventory turnover	166.22
Net working capital	GBX -1.3B
Quick ratio	0.2
Working capital	GBX -1.7B
Working capital turnover	-2.44

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	0.94%
Dividend growth	8.28%
Dividend growth (3Y)	8.6%
Dividend growth (5Y)	12.11%
Dividend growth years	4
Dividend payment date	2026-07-24
Dividend payment years	8
Dividend payout frequency	Semi-Annual
Dividend per share	GBX 0.05
Dividend yield	1.98%
Ex-dividend date	2026-06-18
FCF payout ratio	10.04%
Last dividend	GBX 0.04
Payout ratio	34.5%
Shareholder yield	2.91%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	GBX 336.33
1D price change	-2.31%
1M price change	-9.75%
1M total return	-9.75%
1W price change	-3.64%
1W total return	-3.64%
1Y price change	17.26%
1Y return CAGR	19.17%
1Y total return	19.16%
20-day SMA	GBX 289.57
200-day SMA	GBX 339.36
3M price change	-22.39%
3M total return	-22.39%
3Y price change	146.27%
3Y return CAGR	39.32%
3Y total return	170.51%
50-day SMA	GBX 314.77
50-day SMA vs 200-day SMA	50under200
52-week high	GBX 436.20
52-week high date	2026-05-11
52-week low	GBX 238.80
52-week low date	2025-10-28
5Y price change	172.44%
5Y return CAGR	26.2%
5Y total return	220.03%
6M price change	-22.12%
6M total return	-21.44%
All-time high	GBX 436.20
All-time high date	2026-05-11
All-time low	GBX 25.74
All-time low date	2020-03-17
Average true range (ATR)	GBX 9.89
Average volume	3.2M
Beta (1Y)	0.47
Beta (2Y)	0.71
Beta (5Y)	0.52
Change from 52-week high	-38.01%
Change from 52-week low	13.23%
Change from all-time high	-38.01%
Change from all-time low	950.51%
Change from open	-2.31%
Day's gap	0%
Dollar volume	GBX 555.8M
High price	GBX 279.40
Low price	GBX 270.00
Monthly RSI	52.93
Open price	GBX 276.80
Position in 52-week range	4.26%
Previous close	GBX 276.80
Price vs 150-day SMA	-19.6%
Price vs 20-day SMA	-6.62%
Price vs 200-day SMA	-20.32%
Price vs 50-day SMA	-14.1%
Relative volume	0.65
RSI	30.57
Sharpe ratio	0.17
Sharpe ratio (3Y)	0.95
Sharpe ratio (5Y)	0.66
Sortino ratio	0.37
Sortino ratio (3Y)	1.56
Sortino ratio (5Y)	1.1
Volume	2.1M
Weekly RSI	34.27
YTD price change	-23.87%
YTD total return	-23.21%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	737.2M
Shares change (QoQ)	-0.75%
Shares change (YoY)	-0.94%
Shares held by insiders	0%
Shares held by institutions	15.54%
Shares outstanding	3.6B

Deeper analysis on LON/AAF

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Scorecard

Six-factor overlay and 9-category weighted scorecard.

→

Recommendation

Final action, action steps, opportunity, and biggest risk.

→

Perspectives

Growth, value, and income investor reads.

→

Frequently asked questions

About this LON/AAF report

Is a complete LON/AAF research report available?

No complete published report is available for lon/AAF (LON/AAF) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Market cap

9.8B

Revenue (ttm)

5.2B

Net income (ttm)

537.4M

EPS (ttm)

GBX 0.15

Shares out

3.6B

P/E (trailing)

18.4x

P/E (forward)

13.5x

Dividend

GBX 0.05 (1.98%)

Volume

2,055,488

Beta

0.52

Metric

Value

Amount currency

GBP

Country

United Kingdom

Country code

Earnings date

2026-10-30

Employees

4,541

Employees change

Employees growth

0.64%

Enterprise value

GBX 14.4B

Exchange

London Stock Exchange

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

March

Founded

2018

Industry

Telecom Services

Is primary listing

Yes

ISIN number

GB00BKDRYJ47

Last earnings date

2026-07-23

Last refreshed

2026-10-28

Market cap

GBX 9.8B

Next earnings date

2026-10-30

Price

GBX 270.40

Price currency

GBX

Sector

Communication Services

SIC code

4812

Stock price date

2026-10-28

Symbol

lon/AAF

Website

https://airtel.africa

Metric

Value

Average P/E ratio (10Y)

35.56x

Average P/E ratio (3Y)

79.08x

Average P/E ratio (5Y)

48.43x

Earnings yield

5.45%

EV/Earnings

27.14x

EV/EBIT

8.43x

EV/EBITDA

5.74x

EV/FCF

7.77x

EV/Sales

2.81x

FCF / EV yield

12.88%

FCF yield

18.7%

Forward P/E

13.5x

Graham number

148.639

Graham upside

-45.35%

Industry forward P/E

13.24x

Industry P/E

54.89x

Lynch fair value

GBX 162.95

Lynch upside

-40.09%

P/B ratio

3.73x

P/E ratio

18.35x

P/FCF ratio

5.35x

P/OCF ratio

3.9x

P/S ratio

1.94x

PEG ratio

0.44x

Price/EBITDA ratio

4.52x

Sector forward P/E

12.61x

Sector P/E

55.35x

Metric

Value

EBIT margin

33.39%

EBITDA margin

42.92%

Effective tax rate

43.23%

FCF margin

36.32%

Gross margin

67.36%

Operating margin

33.39%

Pretax margin

21.9%

Profit margin

10.37%

Profit per employee

GBX 118,341

Profitable quarters

Profitable years

Revenue per employee

GBX 1.1M

ROA

10.71%

ROA (5Y)

9.63%

ROCE

25.26%

ROE

26.41%

ROE (5Y)

15.53%

ROIC

14.25%

ROIC (5Y)

16.39%

Tax / revenue

9.47%

Metric

Value

EPS growth

112.43%

EPS growth (Q)

27.47%

EPS growth (QoQ)

-19.62%

EPS growth 3Y

30.49%

EPS growth 5Y

11.79%

EPS growth quarters

EPS growth years

FCF growth

45.05%

FCF growth (Q)

12.02%

FCF growth (QoQ)

-27.07%

FCF growth 3Y

14.41%

FCF growth 5Y

15.39%

Gross profit growth

37.53%

Gross profit growth (Q)

34.65%

Gross profit growth 3Y

11.32%

Gross profit growth 5Y

12.77%

Net income growth

110.32%

Net income growth (Q)

26.98%

Net income growth (QoQ)

-19.6%

Net income growth 3Y

29.28%

Net income growth 5Y

11.06%

Net income growth quarters

Net income growth years

OCF growth

41.03%

OCF growth (Q)

38.38%

OCF growth (QoQ)

-11.59%

OCF growth 3Y

12.14%

OCF growth 5Y

13.59%

Operating income growth

44.95%

Operating income growth (Q)

40.58%

Operating income growth 3Y

8.57%

Operating income growth 5Y

12.61%

Revenue growth

31.37%

Revenue growth (Q)

30.54%

Revenue growth (QoQ)

5.88%

Revenue growth 3Y

8.43%

Revenue growth 5Y

10.47%

Revenue growth quarters

Revenue growth years

Metric

Value

Capital expenditures

GBX -694.2M

Depreciation and amortization

GBX 492.7M

EBIT

GBX 1.7B

EBITDA

GBX 2.2B

EPS

GBX 0.15

FCF per share

GBX 0.52

Financing cash flow

GBX -1.3B

Free cash flow

GBX 1.9B

Gross profit

GBX 3.5B

Income taxes

GBX 490.7M

Investing cash flow

GBX -758.2M

Net borrowing

GBX -276M

Net cash flow

GBX 551M

Net income

GBX 537.4M

Operating income

GBX 1.7B

Revenue

GBX 5.2B

Metric

Value

Altman Z-Score

2.16

Book value per share

GBX 0.67

Debt / EBITDA

1.95

Debt / equity

1.84

Debt / FCF

2.63

Goodwill

GBX 2.4B

Interest coverage

2.81

Long-term assets

GBX 8.6B

Long-term liabilities

GBX 4.2B

Net cash (debt)

GBX -4.3B

Net cash / market cap

-42.63%

Net debt / EBITDA

1.93

Net debt / equity

1.59

Net debt / FCF

2.28

Piotroski F-Score

Property, plant and equipment

GBX 5B

Shareholders' equity

GBX 2.7B

Tangible book value

GBX -673.8M

Tangible book value per share

GBX -0.18

Total assets

GBX 10.8B

Total cash

GBX 660.2M

Total debt

GBX 4.9B

Total liabilities

GBX 8.1B

WACC

7.1%

Metric

Value

Asset turnover

0.51

Current assets

GBX 2.2B

Current liabilities

GBX 4B

Current ratio

0.57

Inventory turnover

166.22

Net working capital

GBX -1.3B

Quick ratio

0.2

Working capital

GBX -1.7B

Working capital turnover

-2.44

Metric

Value

Buyback yield / dilution

0.94%

Dividend growth

8.28%

Dividend growth (3Y)

8.6%

Dividend growth (5Y)

12.11%

Dividend growth years

Dividend payment date

2026-07-24

Dividend payment years

Dividend payout frequency

Semi-Annual

Dividend per share

GBX 0.05

Dividend yield

1.98%

Ex-dividend date

2026-06-18

FCF payout ratio

10.04%

Last dividend

GBX 0.04

Payout ratio

34.5%

Shareholder yield

2.91%

Metric

Value

150-day SMA

GBX 336.33

1D price change

-2.31%

1M price change

-9.75%

1M total return

-9.75%

1W price change

-3.64%

1W total return

-3.64%

1Y price change

17.26%

1Y return CAGR

19.17%

1Y total return

19.16%

20-day SMA

GBX 289.57

200-day SMA

GBX 339.36

3M price change

-22.39%

3M total return

-22.39%

3Y price change

146.27%

3Y return CAGR

39.32%

3Y total return

170.51%

50-day SMA

GBX 314.77

50-day SMA vs 200-day SMA

50under200

52-week high

GBX 436.20

52-week high date

2026-05-11

52-week low

GBX 238.80

52-week low date

2025-10-28

5Y price change

172.44%

5Y return CAGR

26.2%

5Y total return

220.03%

6M price change

-22.12%

6M total return

-21.44%

All-time high

GBX 436.20

All-time high date

2026-05-11

All-time low

GBX 25.74

All-time low date

2020-03-17

Average true range (ATR)

GBX 9.89

Average volume

3.2M

Beta (1Y)

0.47

Beta (2Y)

0.71

Beta (5Y)

0.52

Change from 52-week high

-38.01%

Change from 52-week low

13.23%

Change from all-time high

-38.01%

Change from all-time low

950.51%

Change from open

-2.31%

Day's gap

Dollar volume

GBX 555.8M

High price

GBX 279.40

Low price

GBX 270.00

Monthly RSI

52.93

Open price

GBX 276.80

Position in 52-week range

4.26%

Previous close

GBX 276.80

Price vs 150-day SMA

-19.6%

Price vs 20-day SMA

-6.62%

Price vs 200-day SMA

-20.32%

Price vs 50-day SMA

-14.1%

Relative volume

0.65

RSI

30.57

Sharpe ratio

0.17

Sharpe ratio (3Y)

0.95

Sharpe ratio (5Y)

0.66

Sortino ratio

0.37

Sortino ratio (3Y)

1.56

Sortino ratio (5Y)

1.1

Volume

2.1M

Weekly RSI

34.27

YTD price change

-23.87%

YTD total return

-23.21%

Metric

Value

Float

737.2M

Shares change (QoQ)

-0.75%

Shares change (YoY)

-0.94%

Shares held by insiders

Shares held by institutions

15.54%

Shares outstanding

3.6B

LON/AAF (LON/AAF)

Price

Financial snapshot

Fair-value bridge

Latest news · LON/AAF

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All LON/AAF indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on LON/AAF

Frequently asked questions

LON/AAF (LON/AAF)

Price

Financial snapshot

Fair-value bridge

Latest news · LON/AAF

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All LON/AAF indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on LON/AAF

Frequently asked questions