Except Digicel manages to wring almost quadruple the monthly ARPU (of $ 14.30, per its latest quarterly results) from its subscriber base — despite similar income levels —
vs. MTN's monthly $ 3.65 ARPU.
Just take another look at the tables — again, in terms of revenue, profitability, cash flow, financial (in) stability, or even its subscriber base, there's nothing to suggest Digicel deserves any kind of premium
vs. MTN.
Photo Credits: 20th Century Fox; Kevork Djansezian, Getty Images; DORITOS BLAZE
vs. MTN DEW ICE; HBO; Jan Thijs / Netflix, Photo: Jan thijs
Not exact matches
Adjusted EBITDA margins are relatively similar, but Digicel's drowning in debt & can barely manage two times EBITDA coverage (
vs. net financial expense), whereas
MTN boasts a cumulative 26 % EBITDA increase, and is clearly under - levered with a massive 18 times coverage ratio.