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InvestoNGX Intelligence

MTNN

Investo's verdict, shared with you

holdlow confidence12-month horizon

No fair value published

The derivation ran and was refused by our own plausibility checks — so we publish no number rather than a plausible-looking one.

Why

  • The derivation failed our plausibility check

    The computed value landed outside the 0.4×–2.5× band that real price targets occupy. A result that far from the traded price means one of our inputs is wrong, not that the market is wrong by that much — so we publish nothing rather than clamp it into range.

What we would need

  • A per-share input (earnings or book value) that reconciles to the latest audited totals.
Show what the engine computed

Rejected figure · 208.38 floor — raw base ₦208.38 is 0.24x price. This figure is shown only to document what was refused; it is not an estimate and no upside is computed from it.

Failed plausibility rail · Fair value hit the credibility rail: floor — raw base ₦208.38 is 0.24x price. The published base is the rail, not a derivation.

MTN Nigeria is the dominant Nigerian telco franchise, generating ₦1.50tn in Q1-2026 revenue and ₦355.5bn in PAT on a reported ROE of ~39% (vendor data implies an even higher 460% ROE on thin book equ…

Source: NGX live market data · Investo intelligence. Educational only — not financial advice.

MTNN — HOLD | Investo