Company Valuation: Telephone and Data Systems, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,311 1,191 2,074 3,884 4,737 4,571 - -
Change - -48.46% 74.06% 87.31% 21.97% -3.51% - -
Enterprise Value (EV) 1 4,878 4,581 7,128 7,602 4,800 4,187 4,494 4,805
Change - -6.09% 55.58% 6.66% -36.86% -12.78% 7.34% 6.92%
P/E Ratio 20.2x -150x -3.63x -40.1x -62.1x 29.4x 176x 209x
PBR 0.39x 0.2x 0.4x 0.76x 0.97x 0.85x 0.83x 0.81x
PEG - 1x -0x 0.5x 2.8x -0x -2.1x -13x
Capitalization / Revenue 0.43x 0.22x 0.4x 0.78x 3.86x 3.67x 3.64x 3.51x
EV / Revenue 0.92x 0.85x 1.38x 1.53x 3.91x 3.36x 3.58x 3.69x
EV / EBITDA 4.13x 3.67x 5.61x 5.56x 9.15x 8.06x 8.16x 8.29x
EV / EBIT 18.7x 37.6x -17.2x 121x -49.3x 29.4x -527x -237x
EV / FCF -174x -764x -103x 29.1x 24.1x -33.2x -83.2x -
FCF Yield -0.57% -0.13% -0.97% 3.43% 4.15% -3.01% -1.2% -
Dividend per Share 2 0.7 0.72 0.74 0.31 0.16 0.1658 0.1659 0.1661
Rate of return 3.47% 6.86% 4.03% 0.91% 0.39% 0.41% 0.41% 0.41%
EPS 2 1 -0.07 -5.05 -0.85 -0.66 1.365 0.2284 0.1918
Distribution rate 70% -1,029% -14.7% -36.5% -24.2% 12.1% 72.6% 86.6%
Net sales 1 5,329 5,413 5,160 4,964 1,228 1,245 1,255 1,301
EBITDA 1 1,180 1,247 1,271 1,368 524.6 519.3 550.5 579.9
EBIT 1 261 122 -414 63 -97.38 142.2 -8.527 -20.25
Net income 1 117 -7 -569 -97 -75.46 135.1 25.98 -15.42
Net Debt 1 2,567 3,390 5,054 3,718 62.69 -384.3 -77.04 234
Reference price 2 20.15 10.49 18.35 34.11 41.00 40.15 40.15 40.15
Nbr of stocks (in thousands) 1,14,700 1,13,565 1,13,000 1,13,866 1,15,544 1,13,850 - -
Announcement Date 17/02/22 16/02/23 16/02/24 21/02/25 20/02/26 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.41x3.36x8.06x0.41% 457.11Cr
-141.81x60.88x190.66x - 2,10700Cr
10.68x6.81x36.28x0.17% 23TCr
18.07x3.04x7.74x2.18% 20TCr
10.35x2.38x6.42x4.71% 16TCr
14.66x2.33x7.66x2.91% 6.58TCr
14.01x1.32x4.53x3.6% 3.58TCr
20.64x5.56x10.18x4.6% 3.33TCr
9.76x0.36x1.48x6.91% 2.81TCr
12.95x3.57x7.87x6.46% 2.18TCr
Average -0.13x 8.96x 28.09x 3.55% 28.95TCr
Weighted average by Cap. -99.51x 45.37x 142.98x 2.62%

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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