Financials Empresa Nacional de Telecomunicaciones S.A.

Equities

ENTEL

CLP371151059

Integrated Telecommunications Services

End-of-day quote Santiago S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3,200 CLP -0.16% Intraday chart for Empresa Nacional de Telecomunicaciones S.A. -8.65% -0.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,615,188 1,331,593 869,507 884,910 973,311 966,455 - -
Enterprise Value (EV) 1 3,165,592 3,123,237 3,157,857 3,361,249 2,978,022 3,051,786 3,082,748 3,143,788
P/E ratio 10.5 x 15.8 x 11.6 x 1.94 x 11 x 8.53 x 6.38 x 5.7 x
Yield - 3.49% 29.1% 42.3% - 6.5% 9.1% 12.8%
Capitalization / Revenue 0.73 x 0.62 x 0.35 x 0.28 x 0.38 x 0.36 x 0.35 x 0.33 x
EV / Revenue 1.44 x 1.45 x 1.28 x 1.07 x 1.16 x 1.15 x 1.11 x 1.09 x
EV / EBITDA 4.11 x 4.59 x 4.15 x 2.62 x 4.19 x 3.78 x 3.62 x 3.59 x
EV / FCF 22.9 x 19.8 x 11.8 x -566 x 8.77 x 9.14 x 32.4 x -
FCF Yield 4.36% 5.06% 8.45% -0.18% 11.4% 10.9% 3.08% -
Price to Book 1 x 0.88 x 0.58 x 0.57 x 0.58 x 0.51 x 0.49 x 0.48 x
Nbr of stocks (in thousands) 302,017 302,017 302,017 302,017 302,017 302,017 - -
Reference price 2 5,348 4,409 2,879 2,930 3,223 3,200 3,200 3,200
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/25/24 - - -
1CLP in Million2CLP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,197,543 2,147,484 2,460,119 3,137,710 2,573,142 2,653,193 2,769,318 2,895,750
EBITDA 1 770,411 679,905 761,257 1,282,013 710,311 807,206 852,606 875,649
EBIT 1 343,917 212,469 294,375 757,609 249,569 284,862 318,782 335,179
Operating Margin 15.65% 9.89% 11.97% 24.15% 9.7% 10.74% 11.51% 11.57%
Earnings before Tax (EBT) 1 240,210 93,954 118,630 539,751 120,595 135,502 193,557 194,155
Net income 1 154,152 84,466 74,975 456,787 88,884 113,462 157,640 169,918
Net margin 7.01% 3.93% 3.05% 14.56% 3.45% 4.28% 5.69% 5.87%
EPS 2 510.4 279.7 248.2 1,512 294.3 375.1 501.5 561.5
Free Cash Flow 1 138,060 158,050 266,837 -5,943 339,627 334,000 95,000 -
FCF margin 6.28% 7.36% 10.85% -0.19% 13.2% 12.59% 3.43% -
FCF Conversion (EBITDA) 17.92% 23.25% 35.05% - 47.81% 41.38% 11.14% -
FCF Conversion (Net income) 89.56% 187.12% 355.9% - 382.1% 294.37% 60.26% -
Dividend per Share 2 - 154.0 839.0 1,239 - 207.9 291.1 409.8
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/25/24 - - -
1CLP in Million2CLP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 623,346 659,561 649,941 1,149,567 695,595 642,606 613,338 617,723 617,438 724,642 670,628 682,265 684,673 693,694
EBITDA 1 202,600 179,044 189,587 686,795 233,180 172,451 132,123 212,022 190,153 194,802 209,239 209,582 202,914 216,481
EBIT 1 85,774 58,426 65,289 546,520 103,611 42,188 62,024 87,785 60,557 116,118 63,352 65,710 66,894 72,222
Operating Margin 13.76% 8.86% 10.05% 47.54% 14.9% 6.57% 10.11% 14.21% 9.81% 16.02% 9.45% 9.63% 9.77% 10.41%
Earnings before Tax (EBT) 1 - 3,388 20,142 - 45,202 -1,324 -26,882 27,699 36,355 83,423 31,279 33,638 34,822 40,150
Net income 1 2,196 10,783 52,307 308,648 - - 3,032 22,345 -12,095 75,601 22,687 24,555 27,202 32,833
Net margin 0.35% 1.63% 8.05% 26.85% - - 0.49% 3.62% -1.96% 10.43% 3.38% 3.6% 3.97% 4.73%
EPS 2 7.270 35.70 173.2 1,022 141.7 175.6 10.04 73.09 -40.05 250.3 75.12 81.30 90.07 108.7
Dividend per Share - 839.0 - - - 99.22 - 94.00 - - - - - -
Announcement Date 11/8/21 1/26/22 5/2/22 8/1/22 11/7/22 1/25/23 5/8/23 8/7/23 11/6/23 1/25/24 - - - -
1CLP in Million2CLP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,550,404 1,791,643 2,288,350 2,476,339 2,004,712 2,085,331 2,116,293 2,177,333
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.012 x 2.635 x 3.006 x 1.932 x 2.822 x 2.583 x 2.482 x 2.487 x
Free Cash Flow 1 138,060 158,050 266,837 -5,943 339,627 334,000 95,000 -
ROE (net income / shareholders' equity) 10.4% 5.42% 4.98% 29.9% 5.5% 8.3% 9.49% 9.48%
ROA (Net income/ Total Assets) 3.38% 1.68% 1.45% 8.25% 1.61% 1.8% 2.43% -
Assets 1 4,560,713 5,027,753 5,170,711 5,536,816 5,520,768 6,303,433 6,489,922 -
Book Value Per Share 2 5,326 4,995 4,977 5,147 5,548 6,266 6,590 6,678
Cash Flow per Share 2,037 1,856 - - - - - -
Capex 1 477,248 402,506 305,004 596,642 540,627 544,413 556,591 513,212
Capex / Sales 21.72% 18.74% 12.4% 19.02% 21.01% 20.52% 20.1% 17.72%
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/25/24 - - -
1CLP in Million2CLP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
3,200 CLP
Average target price
3,619 CLP
Spread / Average Target
+13.10%
Consensus
  1. Stock Market
  2. Equities
  3. ENTEL Stock
  4. Financials Empresa Nacional de Telecomunicaciones S.A.