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 82.97 169.8 - -
Change - -8.9% 0.26% -22.08% 14% 104.68% - -
Enterprise Value (EV) 1 83.45 75.57 76.2 53.67 65.95 151.5 152 169.8
Change - -9.44% 0.83% -29.56% 22.87% 129.78% 0.33% 11.71%
P/E 11.3x 11.6x -23.6x 7.63x 9.85x 21.3x 17.3x 16.9x
PBR - - - - - - - -
PEG - -1x 0x -0x -0.8x -4.26x 0.8x 6.84x
Capitalization / Revenue 2.12x 1.68x 1.53x 1.06x 1.03x 2.06x 1.91x 1.8x
EV / Revenue 1.73x 1.37x 1.25x 0.78x 0.82x 1.83x 1.71x 1.8x
EV / EBITDA 6.58x 7x 7.18x 3.89x 5.47x 13x 10.8x -
EV / EBIT 7.43x 7.96x -30.1x 5.01x 6.59x 16.4x 13.2x -
EV / FCF 14.8x 16.2x 11.6x 12.3x 16.3x 18.8x 29.2x -
FCF Yield 6.76% 6.16% 8.61% 8.14% 6.14% 5.33% 3.42% -
Dividend per Share 2 0.5 0.55 0.25 - - 0.45 0.55 -
Rate of return 5.93% 7.16% 3.25% - - 3.2% 3.91% -
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 14.05 14.05 14.05
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.29x1.84x13x3.2% 5.82Cr
21.62x3.42x11.96x3.28% 19TCr
-93.8x14.83x85.85x-.--% 9.28TCr
10.37x1.14x5.99x4.63% 8.57TCr
14.32x2.61x9.85x5.74% 8.28TCr
19.22x5.04x12.44x2.94% 5.73TCr
13.67x1.99x8.34x5.7% 4.41TCr
20.09x1.49x9.43x0.98% 3.54TCr
18.92x1.52x9.58x1.57% 3.52TCr
16.85x2.17x10.09x5.13% 3.47TCr
Average 6.25x 3.60x 17.65x 3.32% 6.62TCr
Weighted average by Cap. 1.84x 4.40x 20.73x 3.32%

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