MTN Group vs Vodafone Group

MTN.JO and VOD.L, both communications, compared on the same figures computed the same way.

On our discounted cash flow model, MTN Group looks the cheaper of the two, trading 1 percentage points further below its estimated fair value than Vodafone Group. That is a statement about price against one model, not a forecast, and most of a DCF's output sits in a terminal value nobody can actually forecast.

MTN Group scores higher on our moat model (65 against 55). A moat is a structural reason competitors cannot take the profits away, and over a long holding period it matters more than any single quarter's numbers.

MTN.JO trades at 15.0 times earnings against VOD.L's 11.0. A lower multiple is not automatically the better deal: on a cyclical business the low P/E arrives at the top of the cycle, right before earnings fall.

The honest answer to "which is better" is that it depends on what you are buying them for, and neither this page nor any screen can make that judgement for you. What it can do is show you the same figures for both, computed the same way, so the comparison is fair.

MetricMTN.JOVOD.L
Share priceR126.00£0.72
Market capR235.00B£19.00B
P/E ratio15.011.0
DCF fair valueR150.00£0.85
Upside to fair value+19.0%+18.1%
Moat score65/10055/100
Dividend yield2.60%5.50%
Return on equity15.0%4.0%
Overall rating63/100, Buy55/100, Buy

Gold marks the more favourable figure on rows where “better” has an agreed direction. It is a signpost, not a verdict. A lower P/E can be a value trap; a higher yield can be a dividend about to be cut.

Full MTN.JO research
Valuation, ownership and the screens it passes.
Full VOD.L research
Valuation, ownership and the screens it passes.

Common questions

Is MTN.JO or VOD.L a better buy?

Neither page nor screen can answer that for your situation, but on the numbers: our overall rating puts MTN Group ahead (63 to 55), and on discounted cash flow MTN Group looks cheaper against its own fair value. Both readings are one model's opinion, not advice.

MTN.JO vs VOD.L: which has the wider moat?

Our moat model scores MTN.JO at 65 and VOD.L at 55 out of 100. The higher score means a more durable structural advantage, which matters most over a long holding period.

Compare any two companies yourself, with financial statements and peer data, free inside the app.

Metrics from company filings and our own valuation model, both of which can be wrong. Quotes are delayed. Educational information, not financial advice.