Projected Income Statement: AT&T Inc.

Forecast Balance Sheet: AT&T Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 1,56,185 1,32,189 1,30,609 1,20,084 1,17,366 1,45,693 1,43,754 1,41,925
Change - -15.36% -1.2% -8.06% -2.26% 24.14% -1.33% -1.27%
Announcement Date 26/01/22 25/01/23 24/01/24 27/01/25 28/01/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: AT&T Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 16,527 19,626 17,853 20,263 20,842 22,630 22,909 22,851
Change - 18.75% -9.03% 13.5% 2.86% 8.58% 1.23% -0.25%
Free Cash Flow (FCF) 1 25,430 16,186 20,461 17,644 16,586 18,121 19,269 21,429
Change - -36.35% 26.41% -13.77% -6% 9.25% 6.34% 11.21%
Announcement Date 26/01/22 25/01/23 24/01/24 27/01/25 28/01/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: AT&T Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 30.48% 34.34% 35.45% 36.59% 36.9% 37.26% 37.98% 38.92%
EBIT Margin (%) 13.83% -3.8% 19.16% 15.57% 19.23% 21.34% 22.6% 23.78%
EBT Margin (%) 15.96% -2.56% 16.21% 13.65% 21.49% 17.21% 17.93% 19.09%
Net margin (%) 11.78% -7.23% 11.59% 8.78% 17.42% 12.47% 12.78% 13.53%
FCF margin (%) 15.06% 13.41% 16.71% 14.42% 13.2% 14.02% 14.6% 15.9%
FCF / Net Income (%) 127.79% -185.47% 144.17% 164.19% 75.77% 112.43% 114.25% 117.54%

Profitability

        
ROA 4.55% 3.84% 4.64% 4.07% 5.37% 3.76% 3.79% 4.04%
ROE 14.93% 13.88% 18.7% 15.71% 14.17% 14.5% 15.28% 15.77%

Financial Health

        
Leverage (Debt/EBITDA) 3.03x 3.19x 3.01x 2.68x 2.53x 3.02x 2.87x 2.71x
Debt / Free cash flow 6.14x 8.17x 6.38x 6.81x 7.08x 8.04x 7.46x 6.62x

Capital Intensity

        
CAPEX / Current Assets (%) 9.79% 16.25% 14.58% 16.56% 16.59% 17.51% 17.36% 16.96%
CAPEX / EBITDA (%) 32.11% 47.33% 41.14% 45.27% 44.96% 46.98% 45.71% 43.56%
CAPEX / FCF (%) 64.99% 121.25% 87.25% 114.84% 125.66% 124.88% 118.89% 106.64%

Items per share

        
Cash flow per share 1 5.828 4.72 5.279 5.382 5.611 5.727 6.204 6.561
Change - -19.01% 11.84% 1.95% 4.26% 2.05% 8.34% 5.76%
Dividend per Share 1 2.08 1.11 1.11 1.11 1.11 1.11 1.11 1.119
Change - -46.63% 0% 0% 0% 0% 0% 0.82%
Book Value Per Share 1 23.29 13.68 14.45 14.54 15.63 15.82 17.04 18.61
Change - -41.28% 5.62% 0.67% 7.45% 1.21% 7.71% 9.24%
EPS 1 2.76 -1.13 1.97 1.49 3.04 2.343 2.566 2.884
Change - -140.94% 274.34% -24.37% 104.03% -22.93% 9.51% 12.39%
Nbr of stocks (in thousands) 71,41,000 71,26,188 71,50,020 71,75,289 70,89,449 68,52,386 68,52,386 68,52,386
Announcement Date 26/01/22 25/01/23 24/01/24 27/01/25 28/01/26 - - -
1USD
Estimates
2026 *2027 *
P/E 10.8x 9.9x
PBR 1.61x 1.49x
EV / Sales 2.47x 2.41x
Yield 4.37% 4.37%

EPS & Dividend



Y-o-Y evolution of P/E

 

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
25.40USD
Average target price
28.71USD
Spread / Average Target
+13.02%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Stocks
  3. T Stock
  4. T Stock
  5. Financials AT&T Inc.
-40%: Exceptional extension
d
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