Vodacom Group Limited

VODAF

Telecommunications Services · Communication Services

Price

$8.98

+0.00 (+0.00%)

Market Cap

$17.35B

Exchange

Other OTC

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Share count rising — dilution

+14.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 1.74B (2022) → 1.99B (2026)

Vodacom Group Limited is a major mobile network operator based in South Africa. It provides mobile voice calls, text messaging, mobile data, and financial services to tens of millions of consumers and businesses across Africa. Vodacom is one of the largest telecom companies on the continent and is majority-owned by the UK-based Vodafone Group.

Vodacom earns most of its revenue from monthly service fees, data plans, and prepaid airtime sold to customers in South Africa, Tanzania, Mozambique, Lesotho, and the Democratic Republic of Congo. Its M-Pesa mobile money platform, which lets people send money and pay bills using a basic phone, gives it a competitive edge beyond traditional telecom services. The key growth driver is expanding mobile data usage and financial services across underserved African markets, though currency volatility in its operating countries and intense competition from other regional carriers remain meaningful risks.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

>+1,000% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

>+1,000% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

71.5%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$103.7B cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Vodacom Group Limited grew revenue 1915% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

39.6%

Modest — 39.6% gross margin

Operating Margin

24.4%

Excellent — 24.4% operating margin

ROCE

11.2%

Below par — 11.2% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+1.5%

Nearly flat sales (1.5% YoY)

EPS YoY

-23.1%

Earnings shrinking (-23.1% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

302%

Turns 302% of profit into real cash

FCF Margin

20.9%

Converts sales into free cash efficiently (20.9%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

1.02

Elevated debt (1.02)

Interest Cover

3.37x

Tight — interest eats into profit (3.4x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

0.6x

Attractive valuation — P/E 0.6

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

-0.0

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

4.68%

Healthy income — 4.68% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend Growth

+13.3%

Dividend growing fast (13.3% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial