MTN GhanaXGHA:MTNGH -0.31%100 FCF Margin % is 39.08% as of Mar. 2026, which is 573% above its 10-year median of 5.81. GuruFocus rates XGHA:MTNGH with a GF Score™ of 100/100 and a GF Value™ of GHS4.21 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 364 Telecommunication Services companies, MTN Ghana ranks better than 68.13% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. MTN Ghana's Free Cash Flow for the
three
months ended in Mar. 2026 was GHS2,843 Mil. MTN Ghana's Revenue for the
three
months ended in Mar. 2026 was GHS7,274 Mil. Therefore, MTN Ghana's FCF Margin % for the quarter that ended in Mar. 2026 was 39.08%.
The historical rank and industry rank for MTN Ghana's FCF Margin % or its related term are showing as below:
XGHA:MTNGH'
s FCF Margin % Range Over the Past 10 Years
Min: -23.4 Med: 5.81 Max: 16.64
Current: 15.01
During the past 9 years, the highest FCF Margin % of MTN Ghana was 16.64%. The lowest was -23.40%. And the median was 5.81%.
XGHA:MTNGH's FCF Margin % is ranked better than 68.13% of 364
companies
in the Telecommunication Services industry
Industry Median: 8.37
vs XGHA:MTNGH: 15.01
MTN Ghana FCF Margin % Related Terms
MTN Ghana FCF Margin % Historical Data
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The historical data trend for MTN Ghana's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
XGHA:MTNGH vs TMUS, VZ, T: FCF Margin % Comparison
For the Telecom Services subindustry, MTN Ghana's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MTN Ghana FCF Margin % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Ghana's FCF Margin % distribution charts can be found below:
* The bar in red indicates where MTN Ghana's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MTN Ghana (XGHA:MTNGH) has a FCF Margin % of 39.08% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on MTN Ghana and its competitors. This is 573% above median its historical median of 5.81. According to the industry distribution chart, MTN Ghana ranks #116 out of 364 companies in the Telecommunication Services industry, placing it in the top 31.9%.
Is MTN Ghana's FCF Margin % too high?
MTN Ghana's current FCF Margin % of 39.08% is 573% above median its 10-year median of 5.81. The Telecommunication Services industry median FCF Margin % is 8.37. MTN Ghana's value of 39.08% is 366.9% above this industry median. Based on the distribution chart, MTN Ghana ranks #116 out of 364 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, MTN Ghana has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Ghana's FCF Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #116 out of 364 companies for FCF Margin %. This puts MTN Ghana in the upper half of its industry. The industry median FCF Margin % is 8.37. MTN Ghana's value of 39.08% is 366.9% above this benchmark. While the company's 10-year median is 5.81 vs. the industry median of 8.37, MTN Ghana has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Telecommunication Services company?
The median FCF Margin % among Telecommunication Services companies is 8.37, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Ghana's current FCF Margin % of 39.08% is 366.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on MTN Ghana and its competitors. For the Telecommunication Services industry, the median FCF Margin % is 8.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Ghana's current FCF Margin % is 39.08%, which is 573% above median its own 10-year median of 5.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Ghana stock overvalued right now?
Based on GuruFocus' analysis, MTN Ghana (XGHA:MTNGH) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS4.21, compared to a current price of GHS6.40 — trading 52% above its estimated fair value. The current FCF Margin % is 39.08%, which is 573% above median its 10-year median of 5.81 and 366.9% above the Telecommunication Services industry median of 8.37. MTN Ghana's overall GF Score™ is 100/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For MTN Ghana (XGHA:MTNGH), the current FCF Margin % is 39.08% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MTN Ghana (XGHA:MTNGH) Overvalued in 2026?
Based on GuruFocus' analysis, MTN Ghana stock appears to be overvalued.
The current stock price of GHS6.40 is trading 52% above its estimated GF Value™ of GHS4.21.
GuruFocus considers MTN Ghana to be Significantly Overvalued.
Key valuation signals for XGHA:MTNGH:
FCF Margin %: 39.08% (573% above median its 10-year median of 5.81)
GF Value™: GHS4.21 vs. price of GHS6.40 (52% above fair value)
Industry Position: 366.9% above the Telecommunication Services median (#116 of 364)
No single metric tells the full story. See the XGHA:MTNGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTN Ghana is a Ghana-based company that provides mobile financial services in the financial services industry. The principal activities are the provision of telecommunication services including voice, data, and enterprise solutions, mobile financial services, the development of strategic partnerships to provide developed services, and the provision of consultancy and support services in the mobile banking, payment services and fintech space. The company has four reportable segments, namely Network services, Interconnect and roaming, Digital and Fintech, and devices and accessories, out of which it derives maximum revenue from Network services.
100GF Score
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