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 82.97 131 - -
Change - -8.9% 0.26% -22.08% 14% 57.89% - -
Enterprise Value (EV) 1 83.45 75.57 76.2 53.67 65.95 111.8 111.5 131
Change - -9.44% 0.83% -29.56% 22.87% 69.55% -0.27% 17.49%
P/E 11.3x 11.6x -23.6x 7.63x 9.85x 15.7x 13.2x 12.6x
PBR - - - - - - - -
PEG - -1x 0x -0x -0.8x -23.21x 0.7x 2.58x
Capitalization / Revenue 2.12x 1.68x 1.53x 1.06x 1.03x 1.58x 1.48x 1.4x
EV / Revenue 1.73x 1.37x 1.25x 0.78x 0.82x 1.35x 1.26x 1.4x
EV / EBITDA 6.58x 7x 7.18x 3.89x 5.47x 8.95x 7.91x -
EV / EBIT 7.43x 7.96x -30.1x 5.01x 6.59x 11.7x 9.7x -
EV / FCF 14.8x 16.2x 11.6x 12.3x 16.3x 12.4x 20.7x -
FCF Yield 6.76% 6.16% 8.61% 8.14% 6.14% 8.04% 4.82% -
Dividend per Share 2 0.5 0.55 0.25 - - 0.4 0.55 -
Rate of return 5.93% 7.16% 3.25% - - 3.7% 5.09% -
EPS 2 0.7472 0.6637 -0.3257 0.7864 0.6947 0.69 0.82 0.86
Distribution rate 66.9% 82.9% -76.8% - - 58% 67.1% -
Net sales 1 48.28 55.34 61.03 68.91 80.53 82.9 88.3 93.5
EBITDA 1 12.68 10.79 10.61 13.8 12.06 12.5 14.1 -
EBIT 1 11.23 9.489 -2.535 10.72 10.01 9.56 11.5 -
Net income 1 9.064 8.052 -3.952 9.54 8.427 8.38 9.99 -
Net Debt 1 -18.81 -17.6 -17.21 -19.11 -17.03 -19.2 -19.5 -
Reference price 2 8.43 7.68 7.70 6.00 6.84 10.80 10.80 10.80
Nbr of stocks (in thousands) 12,131 12,131 12,131 12,131 12,131 12,131 - -
Announcement Date 10/05/22 04/05/23 19/06/24 16/05/25 08/06/26 - - -
1TND in Million2TND
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.38x1.42x9.43x3.54% 4.47Cr
22.72x3.71x12.97x2.92% 22TCr
-131.98x18.41x102.07x-.--% 12TCr
13.62x1.5x7.9x3.51% 11TCr
13.63x2.48x9.35x6.03% 7.89TCr
19.12x5.07x12.46x2.97% 5.79TCr
22.36x1.83x11.42x1.31% 4.36TCr
13.5x1.95x8.26x5.77% 4.31TCr
21.06x1.6x10.17x0.89% 4.03TCr
17.31x2.21x10.58x4.98% 3.55TCr
Average 2.77x 4.02x 19.46x 3.19% 7.49TCr
Weighted average by Cap. -5.15x 5.28x 25.20x 2.94%

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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  3. TLNET Stock
  4. Valuation Telnet Holding SA