TELECOM ARGENTINA S.A. Financials Telecom Argentina S.A.
Equities
TECO2
ARP9028N1016
Integrated Telecommunications Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,729 ARS | +5.51% |
|
+13.61% | +25.04% |
| Mar. 12 | Transcript : Telecom Argentina S.A., Q4 2023 Earnings Call, Mar 12, 2024 | |
| Mar. 11 | Telecom Argentina S.A. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,144 | 5,034 | 4,243 | 4,466 | 2,978,551 | 4,258 | - | - |
| Enterprise Value (EV) 2 | 8,258 | 6,963 | 6,587 | 6,565 | 2,978,551 | 5,500 | 5,310 | 5,319 |
| P/E ratio | -83.7 x | -74.2 x | - | -3.8 x | - | - | - | - |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.62 x | 1.51 x | 1.08 x | 1.23 x | 1,227 x | 1.27 x | 1.1 x | 1.07 x |
| EV / Revenue | 2.18 x | 2.09 x | 1.68 x | 1.8 x | 1,227 x | 1.64 x | 1.37 x | 1.34 x |
| EV / EBITDA | 6.7 x | 6.13 x | 5.39 x | 6.56 x | - | 5.74 x | 4.56 x | 4.19 x |
| EV / FCF | 15.8 x | 13 x | 12.7 x | 13.9 x | - | -12.6 x | 8.14 x | - |
| FCF Yield | 6.34% | 7.67% | 7.87% | 7.21% | - | -7.92% | 12.3% | - |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 2,153,688 | 2,153,688 | 2,153,688 | 2,153,688 | 2,153,688 | 2,153,688 | - | - |
| Reference price 3 | 170.8 | 196.6 | 202.3 | 366.5 | 1,383 | 1,729 | 1,729 | 1,729 |
| Announcement Date | 3/10/20 | 3/10/21 | 3/9/22 | 3/9/23 | 3/11/24 | - | - | - |
1ARS in Million2USD in Million3ARS
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,791 | 3,327 | 3,915 | 3,639 | 2,427 | 3,345 | 3,881 | 3,965 |
| EBITDA 1 | 1,233 | 1,135 | 1,222 | 1,000 | - | 958.9 | 1,164 | 1,269 |
| EBIT 1 | 252.6 | 223.9 | -25.65 | -1,472 | -147.4 | 219.5 | 689.1 | 821.7 |
| Operating Margin | 6.66% | 6.73% | -0.66% | -40.45% | -6.07% | 6.56% | 17.76% | 20.72% |
| Earnings before Tax (EBT) 1 | 164.4 | 34.72 | 398.1 | - | -693.1 | 270.9 | -56.98 | - |
| Net income 1 | -70.31 | -63.05 | 79.74 | -1,037 | -303.8 | 201.1 | -42.31 | - |
| Net margin | -1.85% | -1.89% | 2.04% | -28.5% | -12.52% | 6.01% | -1.09% | - |
| EPS | -2.040 | -2.650 | - | -96.50 | - | - | - | - |
| Free Cash Flow 1 | 523.5 | 534.3 | 518.4 | 473.2 | - | -435.7 | 652.5 | - |
| FCF margin | 13.81% | 16.06% | 13.24% | 13% | - | -13.03% | 16.81% | - |
| FCF Conversion (EBITDA) | 42.46% | 47.07% | 42.43% | 47.32% | - | - | 56.04% | - |
| FCF Conversion (Net income) | - | - | 650.14% | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 3/10/20 | 3/10/21 | 3/9/22 | 3/9/23 | 3/11/24 | - | - | - |
1USD in Million
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 | 961.5 | 1,219 | 1,002 | 946.7 | 916.4 | 1,289 | 941.8 | 881.3 | 952.6 | 1,212 | - | - | - | - |
| EBITDA 1 | 284.3 | 396.2 | 347.5 | 247 | 335.6 | 325.6 | 284 | 232.3 | 284.2 | - | 185 | 210 | 225 | 280 |
| EBIT | -46.08 | -36.55 | 10.73 | -74.68 | -1,386 | -300.8 | -13.49 | -71.21 | - | -87.28 | - | - | - | - |
| Operating Margin | -4.79% | -3% | 1.07% | -7.89% | -151.28% | -23.34% | -1.43% | -8.08% | - | -7.2% | - | - | - | - |
| Earnings before Tax (EBT) | 57.4 | 103.7 | 202.5 | 18.49 | -1,213 | -364 | 73.26 | -66.16 | 19.59 | -704.1 | - | - | - | - |
| Net income | 25.46 | 76.44 | 200.9 | 27.33 | -1,255 | -214.4 | 121.7 | 12.18 | 86.56 | -399.7 | - | - | - | - |
| Net margin | 2.65% | 6.27% | 20.04% | 2.89% | -136.94% | -16.64% | 12.92% | 1.38% | 9.09% | -32.97% | - | - | - | - |
| EPS | - | 3.850 | - | 1.700 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/10/21 | 3/9/22 | 5/11/22 | 8/10/22 | 11/14/22 | 3/9/23 | 5/9/23 | 8/9/23 | 11/9/23 | 3/11/24 | - | - | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,114 | 1,929 | 2,344 | 2,099 | - | 1,242 | 1,051 | 1,061 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.715 x | 1.699 x | 1.918 x | 2.099 x | - | 1.295 x | 0.903 x | 0.8361 x |
| Free Cash Flow 1 | 523 | 534 | 518 | 473 | - | -436 | 652 | - |
| ROE (net income / shareholders' equity) | -1.35% | -1.43% | 1.55% | -22.5% | - | -15.2% | -2.64% | 39.5% |
| ROA (Net income/ Total Assets) | -0.76% | -0.74% | 0.78% | -10.9% | - | 4.96% | -1.03% | - |
| Assets 1 | 9,196 | 8,490 | 10,189 | 9,559 | - | 4,059 | 4,108 | - |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 786 | 570 | 676 | 573 | - | 500 | 547 | - |
| Capex / Sales | 20.72% | 17.12% | 17.26% | 15.76% | - | 14.95% | 14.09% | - |
| Announcement Date | 3/10/20 | 3/10/21 | 3/9/22 | 3/9/23 | 3/11/24 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +25.04% | 4.26B | |
| +9.65% | 199B | |
| +5.25% | 167B | |
| +0.46% | 116B | |
| -2.38% | 89.84B | |
| +17.65% | 72.93B | |
| +2.80% | 58.42B | |
| -5.07% | 50.97B | |
| -13.54% | 40.2B | |
| -34.49% | 36.67B |
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- Financials Telecom Argentina S.A.
