Company Valuation: Telnet Holding SA

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 102.3 93.16 93.41 72.78 82.97 153.8 - -
Change - -8.9% 0.26% -22.08% 14% 85.38% - -
Enterprise Value (EV) 1 83.45 75.57 76.2 53.67 65.95 135.5 136 153.8
Change - -9.44% 0.83% -29.56% 22.87% 105.5% 0.37% 13.09%
P/E 11.3x 11.6x -23.6x 7.63x 9.85x 19.2x 15.7x 15.3x
PBR - - - - - - - -
PEG - -1x 0x -0x -0.8x -3.84x 0.7x 6.2x
Capitalization / Revenue 2.12x 1.68x 1.53x 1.06x 1.03x 1.86x 1.73x 1.63x
EV / Revenue 1.73x 1.37x 1.25x 0.78x 0.82x 1.64x 1.53x 1.63x
EV / EBITDA 6.58x 7x 7.18x 3.89x 5.47x 11.6x 9.65x -
EV / EBIT 7.43x 7.96x -30.1x 5.01x 6.59x 14.7x 11.8x -
EV / FCF 14.8x 16.2x 11.6x 12.3x 16.3x 16.8x 26.2x -
FCF Yield 6.76% 6.16% 8.61% 8.14% 6.14% 5.95% 3.82% -
Dividend per Share 2 0.5 0.55 0.25 - - 0.45 0.55 -
Rate of return 5.93% 7.16% 3.25% - - 3.55% 4.34% -
EPS 2 0.7472 0.6637 -0.3257 0.7864 0.6947 0.66 0.81 0.83
Distribution rate 66.9% 82.9% -76.8% - - 68.2% 67.9% -
Net sales 1 48.28 55.34 61.03 68.91 80.53 82.6 89 94.3
EBITDA 1 12.68 10.79 10.61 13.8 12.06 11.7 14.1 -
EBIT 1 11.23 9.489 -2.535 10.72 10.01 9.23 11.5 -
Net income 1 9.064 8.052 -3.952 9.54 8.427 8.05 9.78 -
Net Debt 1 -18.81 -17.6 -17.21 -19.11 -17.03 -18.3 -17.8 -
Reference price 2 8.43 7.68 7.70 6.00 6.84 12.68 12.68 12.68
Nbr of stocks (in thousands) 12,131 12,131 12,131 12,131 12,131 12,131 - -
Announcement Date 10/5/22 4/5/23 19/6/24 16/5/25 8/6/26 - - -
1TND in Million2TND
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.09x1.63x11.5x3.57% 52.77M
23.25x3.75x13.1x2.88% 221B
-115.3x18.35x105.96x-.--% 114B
13.11x1.45x7.6x3.65% 108B
15.29x2.8x10.56x5.37% 89.33B
19.78x5.21x12.81x2.88% 59.78B
15.31x2.24x9.49x5.1% 49.52B
22.87x1.75x11.09x0.83% 43.08B
21.64x1.77x10.98x1.35% 41.87B
18.53x2.38x11.3x4.67% 38.48B
Average 5.36x 4.13x 20.44x 3.03% 76.51B
Weighted average by Cap. -0.89x 5.22x 25.29x 2.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Telnet Holding SA