The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

AAF.L

Concerning the House

Airtel Africa Plc, together with its subsidiaries, provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa. It offers pre and post-paid wireless voice, international roaming, and fixed line telephony services; data services, including 4G and 5G, home broadband, fibre, and data centers; and mobile money services, such as digital wallet payments systems, microloans, merchant, savings, insurance, international, and international money transfers. The company also provides messaging, value added, and tower sharing services, as well as infrastructure sharing, mobile commerce, and support services. The company was incorporated in 2018 and is based in London, the United Kingdom. Airtel Africa Plc is a subsidiary of Airtel Africa Mauritius Limited.

United Kingdom · airtel.africa

The Ledger
LineMar 2025Jun 2025Sep 2025Dec 2025
Revenue$1.32B$1.42B$1.69B
Gross profit$925.00M$1.01B$1.25B
Operating income$376.00M$448.00M$571.00M
Net income$56.00M$126.00M$177.00M
Diluted EPS0.030.05
Free cash flow$466.00M$411.00M$682.00M
CapEx-$177.00M-$157.00M-$236.00M
Quotation

$326.20

+1.80 (+0.6%)

52w hi$420.16
52w lo$213.17
Vol7.60M
As ofAug 13
The Verdict

Hold

Our score +0.14

Short+0.69
Medium-0.21
Long-0.25

computed 2026-08-13

By the Numbers

Airtel Africa Plc

Communication Services · Telecom Services

Market cap$11.85B
Enterprise value$17.86B
Trailing P/E23.30x
Forward P/E12.85x
EV / EBITDA6.05x
P / S (ttm)1.72x
Profit margin10.4%
Return on equity26.4%
Revenue growth+30.5%
Earnings growth+27.5%
Debt / equity183.62
Risk Metrics
Beta vs SPX0.38
Corr SPX0.16
Annual vol37.9%
Annual ret+64.1%
Sharpe1.69
Max DD-25.6%

Window: 504 trading days (491 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.25
Sector-0.02
Technical-0.02
Earnings+0.00
Sentiment+0.87

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$324.80$328.40$324.40$326.207.60M
Aug 12$326.60$327.00$322.68$324.401.64M
Aug 11$323.40$327.60$322.73$324.002.28M
Aug 10$327.80$330.20$322.40$322.402.48M
Aug 7$332.20$332.20$325.00$329.405.03M