MTN Ghana (XGHA:MTNGH) OCF Margin %: 41.67% (As of Mar. 2026) — 57% Above Median


XGHA:MTNGH MTN Ghana XGHA:MTNGH
100 GF Score
Price GHS6.40
GF Value GHS4.21
Valuation Significantly Overvalued
! 6 Warning Signs
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What is MTN Ghana OCF Margin %?

MTN Ghana XGHA:MTNGH -0.31% 100 OCF Margin % is 41.67% as of Mar. 2026, which is 57% above its 10-year median of 26.61. 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 70.88% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. MTN Ghana's Cash Flow from Operations for the three months ended in Mar. 2026 was GHS3,031 Mil. MTN Ghana's Revenue for the three months ended in Mar. 2026 was GHS7,274 Mil. Therefore, MTN Ghana's OCF Margin % for the quarter that ended in Mar. 2026 was 41.67%.

As of today, MTN Ghana's current OCF Yield % is 10.35%.

The historical rank and industry rank for MTN Ghana's OCF Margin % or its related term are showing as below:

XGHA:MTNGH' s OCF Margin % Range Over the Past 10 Years
Min: -4.83   Med: 26.61   Max: 38.98
Current: 33.4


During the past 9 years, the highest OCF Margin % of MTN Ghana was 38.98%. The lowest was -4.83%. And the median was 26.61%.

XGHA:MTNGH's OCF Margin % is ranked better than
70.88% of 364 companies
in the Telecommunication Services industry
Industry Median: 22.645 vs XGHA:MTNGH: 33.40


MTN Ghana OCF Margin % Related Terms


MTN Ghana OCF Margin % Historical Data

* Premium members only.

The historical data trend for MTN Ghana's OCF 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.

MTN Ghana OCF Margin % Chart

MTN Ghana Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only 29.66 35.01 38.98 26.61 31.15

MTN Ghana Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.38 3.58 43.28 41.71 41.67

XGHA:MTNGH vs TMUS, VZ, T: OCF Margin % Comparison

For the Telecom Services subindustry, MTN Ghana's OCF Margin %, along with its competitors' market caps and OCF 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 OCF Margin % vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Ghana's OCF Margin % distribution charts can be found below:

* The bar in red indicates where MTN Ghana's OCF Margin % falls into.


XGHA:MTNGH
100GF Score
MTN Ghana XGHA:MTNGH
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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MTN Ghana OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

MTN Ghana's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=7611.114/24430.308
=31.15 %

MTN Ghana's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=3031.018/7273.963
=41.67 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 41.67% mean?
MTN Ghana (XGHA:MTNGH) has a OCF Margin % of 41.67% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on MTN Ghana and its competitors. This is 57% above median its historical median of 26.61. According to the industry distribution chart, MTN Ghana ranks #106 out of 364 companies in the Telecommunication Services industry, placing it in the top 29.1%.
Is MTN Ghana's OCF Margin % too high?
MTN Ghana's current OCF Margin % of 41.67% is 57% above median its 10-year median of 26.61. The Telecommunication Services industry median OCF Margin % is 22.65. MTN Ghana's value of 41.67% is 84% above this industry median. Based on the distribution chart, MTN Ghana ranks #106 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 OCF Margin % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #106 out of 364 companies for OCF Margin %. This puts MTN Ghana in the upper half of its industry. The industry median OCF Margin % is 22.65. MTN Ghana's value of 41.67% is 84% above this benchmark. While the company's 10-year median is 26.61 vs. the industry median of 22.65, 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 OCF Margin % for a Telecommunication Services company?
The median OCF Margin % among Telecommunication Services companies is 22.65, based on 364 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MTN Ghana's current OCF Margin % of 41.67% is 84% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on MTN Ghana and its competitors. For the Telecommunication Services industry, the median OCF Margin % is 22.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Ghana's current OCF Margin % is 41.67%, which is 57% above median its own 10-year median of 26.61. 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 OCF Margin % is 41.67%, which is 57% above median its 10-year median of 26.61 and 84% above the Telecommunication Services industry median of 22.65. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For MTN Ghana (XGHA:MTNGH), the current OCF Margin % is 41.67% 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:

  • OCF Margin %: 41.67% (57% above median its 10-year median of 26.61)
  • GF Value™: GHS4.21 vs. price of GHS6.40 (52% above fair value)
  • GF Score™: 100/100 with 6 warning signs
  • Industry Position: 84% above the Telecommunication Services median (#106 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 Business Description

Address MTN House, Independence Avenue, West Ridge, Plot OER 6, Accra, GHA
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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OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

GHS6.40
Price
GHS4.21
GF Value