Vodacom Group Limited

AlphaSpread’s July 2026 valuation note calculates a base-case intrinsic value of about 15 359 Zac per share versus a current price near 15 259 Zac, implying only ~1% undervaluation based on a blended DCF and multiples framework. The report highlights that discounted cash-flow analysis suggests slight undervaluation while multiples-based valuation points to mild overvaluation, leading to a balanced, mildly positive but ultimately cautious stance on further upside.

Obermatt’s May 2026 stock research assigns Vodacom strong ranks for value (67/100) and growth (99/100) and a very high combined 360° view score of 94, indicating attractive pricing and robust growth versus peers. However, weaker safety (44/100) and sentiment (35/100) scores lead the analyst to describe the stock as a “mixed bag” where high potential is offset by financing risk and negative market perception, making it suitable only for investors comfortable with elevated risk.

Simply Wall St’s March 2026 fundamental report forecasts Vodacom’s earnings to grow about 16–17% per year, notes that the shares trade at good value relative to peers and industry, and assigns strong scores for past performance and financial health. The narrative highlights attractive profitability and reasonable valuation but flags an unstable dividend track record and points out that the stock’s 1‑year return has underperformed both the South African wireless telecom sector and the broader market, suggesting upside for long-term investors yet acknowledging recent relative underperformance.

This September 2025 article argues that although Vodacom’s share price has been weak recently, its return on equity of about 19% compares favorably to an industry average near 22% and reflects solid underlying profitability. The author notes that high payout ratios and declining earnings versus the industry have limited growth, but with analysts expecting ROE to rise to roughly 24% while dividends remain stable, the piece presents a balanced view that recognizes both quality and the risk of ongoing earnings stagnation.

ValueInvesting.io’s August 2025 DCF valuation report estimates intrinsic value for VOD.JO at about 8 203 ZAR per share versus a contemporaneous market price of 14 617 ZAR, concluding the stock is overvalued by roughly 43.9%. The analysis presents multiple discounted cash-flow and dividend discount scenarios—all of which imply negative upside—while detailing assumptions around WACC of about 16.5%, cost of equity near 19%, and a range of intrinsic-value estimates that consistently sit well below the prevailing share price.