TELECOM EGYPT COMPANY |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.01 EGP | -4.48% |
|
-14.64% | -14.98% |
| Apr. 16 | Telecom Egypt Company Announces Resignation of Mohamed Hassan Shamroukh Gomaa as Senior Vice President | CI |
| Apr. 16 | Telecom Egypt Company Announces CFO Changes | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 17,173 | 20,365 | 28,628 | 42,847 | 64,271 | 54,643 | - | - |
| Enterprise Value (EV) 1 | 32,166 | 38,649 | 41,965 | 66,862 | 64,271 | 86,966 | 91,355 | 54,643 |
| P/E ratio | 4.79 x | 5.08 x | 3.86 x | 5.44 x | 6.61 x | 4.5 x | 3.8 x | 3.28 x |
| Yield | 2.49% | 6.29% | 5.96% | - | - | 4.5% | 5.52% | 9.37% |
| Capitalization / Revenue | 0.67 x | 0.64 x | 0.77 x | 0.97 x | 1.13 x | 0.85 x | 0.8 x | 0.73 x |
| EV / Revenue | 1.25 x | 1.21 x | 1.13 x | 1.51 x | 1.13 x | 1.35 x | 1.34 x | 0.73 x |
| EV / EBITDA | 5.51 x | 3.47 x | 2.96 x | 3.84 x | 2.84 x | 3.33 x | 3.1 x | 1.83 x |
| EV / FCF | -4.33 x | -11.1 x | 17.7 x | - | - | 31.8 x | 15.5 x | 6.5 x |
| FCF Yield | -23.1% | -8.98% | 5.66% | - | - | 3.14% | 6.46% | 15.4% |
| Price to Book | 0.49 x | 0.53 x | 0.65 x | - | - | 0.94 x | 0.83 x | 0.74 x |
| Nbr of stocks (in thousands) | 1,707,072 | 1,707,072 | 1,707,072 | 1,707,072 | 1,707,072 | 1,707,072 | - | - |
| Reference price 2 | 10.06 | 11.93 | 16.77 | 25.10 | 37.65 | 32.01 | 32.01 | 32.01 |
| Announcement Date | 2/20/20 | 2/24/21 | 3/3/22 | 3/6/23 | 3/4/24 | - | - | - |
1EGP in Million2EGP
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,805 | 31,912 | 37,088 | 44,273 | 56,679 | 64,493 | 68,034 | 74,411 |
| EBITDA 1 | 5,834 | 11,133 | 14,193 | 17,427 | 22,662 | 26,115 | 29,497 | 29,866 |
| EBIT 1 | 2,549 | 5,898 | 8,386 | 10,037 | 12,266 | 15,238 | 16,279 | 18,183 |
| Operating Margin | 9.88% | 18.48% | 22.61% | 22.67% | 21.64% | 23.63% | 23.93% | 24.44% |
| Earnings before Tax (EBT) 1 | 5,497 | 6,625 | 11,126 | 10,649 | 13,390 | 14,797 | 17,824 | 21,508 |
| Net income 1 | 4,399 | 4,851 | 8,417 | 9,182 | 11,466 | 12,254 | 14,371 | 16,899 |
| Net margin | 17.05% | 15.2% | 22.69% | 20.74% | 20.23% | 19% | 21.12% | 22.71% |
| EPS 2 | 2.100 | 2.350 | 4.340 | 4.610 | 5.700 | 7.120 | 8.417 | 9.755 |
| Free Cash Flow 1 | -7,421 | -3,471 | 2,377 | - | - | 2,731 | 5,898 | 8,412 |
| FCF margin | -28.76% | -10.88% | 6.41% | - | - | 4.24% | 8.67% | 11.3% |
| FCF Conversion (EBITDA) | - | - | 16.75% | - | - | 10.46% | 19.99% | 28.17% |
| FCF Conversion (Net income) | - | - | 28.24% | - | - | 22.29% | 41.04% | 49.78% |
| Dividend per Share 2 | 0.2500 | 0.7500 | 1.000 | - | - | 1.440 | 1.767 | 3.000 |
| Announcement Date | 2/20/20 | 2/24/21 | 3/3/22 | 3/6/23 | 3/4/24 | - | - | - |
1EGP in Million2EGP
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,006 | 10,709 | 9,417 | 10,984 | 11,873 | 11,999 | 13,959 | 14,177 | 13,823 | 14,721 | 15,838 |
| EBITDA 1 | 3,583 | - | 3,578 | 4,482 | 5,279 | 4,088 | 6,142 | 5,820 | 5,627 | 5,074 | 6,566 |
| EBIT 1 | 2,170 | 1,891 | 1,865 | 3,054 | 3,535 | 1,764 | 3,933 | 3,434 | 3,330 | 1,655 | 3,764 |
| Operating Margin | 24.1% | 17.66% | 19.8% | 27.8% | 29.77% | 14.7% | 28.18% | 24.22% | 24.09% | 11.24% | 23.76% |
| Earnings before Tax (EBT) 1 | 2,762 | 2,918 | 1,873 | 3,217 | 3,269 | - | 3,799 | 3,373 | 3,318 | 2,899 | 3,630 |
| Net income 1 | 2,227 | 2,319 | 1,366 | 2,415 | 2,389 | - | 3,813 | 2,882 | 2,453 | 2,318 | 3,514 |
| Net margin | 24.73% | 21.65% | 14.51% | 21.99% | 20.12% | - | 27.32% | 20.33% | 17.74% | 15.75% | 22.19% |
| EPS | - | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/11/21 | 3/3/22 | 5/30/22 | 8/11/22 | 11/13/22 | 3/6/23 | 5/29/23 | 8/14/23 | 11/14/23 | 3/4/24 | - |
1EGP in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 14,993 | 18,284 | 13,338 | 24,015 | - | 32,322 | 36,712 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.57 x | 1.642 x | 0.9397 x | 1.378 x | - | 1.238 x | 1.245 x | - |
| Free Cash Flow 1 | -7,421 | -3,471 | 2,377 | - | - | 2,731 | 5,898 | 8,412 |
| ROE (net income / shareholders' equity) | 13% | 13.1% | 20.3% | - | - | 22% | 22.8% | 22.5% |
| ROA (Net income/ Total Assets) | 6.43% | 6.15% | 9.61% | - | - | 8.5% | 9.7% | 10.8% |
| Assets 1 | 68,375 | 78,847 | 87,554 | - | - | 144,161 | 148,158 | 156,472 |
| Book Value Per Share 2 | 20.60 | 22.70 | 26.00 | - | - | 34.00 | 38.80 | 43.50 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 9,665 | 11,769 | 13,638 | - | - | 15,865 | 15,100 | 14,605 |
| Capex / Sales | 37.45% | 36.88% | 36.77% | - | - | 24.6% | 22.19% | 19.63% |
| Announcement Date | 2/20/20 | 2/24/21 | 3/3/22 | 3/6/23 | 3/4/24 | - | - | - |
1EGP in Million2EGP
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
D
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
32.01
EGP
Average target price
47.42
EGP
Spread / Average Target
+48.15%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -14.98% | 1.14B | |
| +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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