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The FTSE 100 is up 9% year-to-date. That might not sound all that impressive but it’s actually above average for what is often regarded as a fairly pedestrian index relative to the S&P 500. However, this performance pales compared to that of two growth stocks.
Market beater
Telecommunications and mobile money service provider Airtel Africa (LSE: AAF) is having a very good 2025. Today, the gain stands at just under 60%. So much for the idea that ‘elephants can’t gallop’!
The market is clearly warming to the investment case here, helped by rising revenue and subscriber numbers.
More to come?
The shares now change hands for 18 times forecast earnings. That’s not outrageous but it’s high for companies in this space. It’s also above the average valuation in the FTSE 100.
Of course, such a price tag will be justified if it can continue to execute on its…
