Company Valuation: Telecom Plus Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,205 1,497 1,280 1,380 1,031 633.5 - -
Change - 24.2% -14.48% 7.83% -25.28% -38.59% - -
Enterprise Value (EV) 1 1,276 1,600 1,403 1,496 1,175 808.6 810.8 810.1
Change - 25.45% -12.35% 6.67% -21.5% -31.15% 0.27% -0.09%
P/E 34x 22.2x 18.3x 18.3x 12.9x 11x 9.44x 7.26x
PBR 5.85x - 5.53x 5.47x 3.86x 2.39x 2.35x 2.49x
PEG - 0.2x 4.33x 2.58x 2.56x -0.4x 0.6x 0.2x
Capitalization / Revenue 1.25x 0.6x 0.63x 0.75x 0.53x 0.31x 0.3x 0.28x
EV / Revenue 1.32x 0.65x 0.69x 0.81x 0.61x 0.39x 0.38x 0.36x
EV / EBITDA 17.3x 14.5x 10.5x 10.1x 7.26x 7.02x 6.5x 5.68x
EV / EBIT 19.6x 16.6x 11.4x 11x 8.12x 8.45x 7.79x 6.59x
EV / FCF 30.8x 7.11x -9.67x 16.3x 21.7x 19.4x 15.2x 14x
FCF Yield 3.24% 14.1% -10.3% 6.12% 4.62% 5.15% 6.57% 7.17%
Dividend per Share 2 0.57 0.8 0.83 0.94 0.5 0.328 0.3736 0.446
Rate of return 3.73% 4.23% 5.1% 5.4% 3.87% 4.03% 4.6% 5.49%
EPS 2 0.45 0.852 0.888 0.951 0.999 0.7399 0.8609 1.12
Distribution rate 127% 93.9% 93.5% 98.8% 50.1% 44.3% 43.4% 39.8%
Net sales 1 967.4 2,475 2,039 1,838 1,941 2,075 2,133 2,256
EBITDA 1 73.62 110.4 133.3 148.1 161.8 115.3 124.8 142.6
EBIT 1 65.18 96.38 122.6 136.2 144.6 95.66 104.1 123
Net income 1 35.47 68.43 71.04 76.1 80.67 57.77 64.85 81.7
Net Debt 1 70.4 103.4 122.5 115.9 143.1 175.1 177.3 176.6
Reference price 2 15.300 18.900 16.280 17.400 12.920 8.130 8.130 8.130
Nbr of stocks (in thousands) 78,773 79,202 78,631 79,331 79,835 77,918 - -
Announcement Date 21/6/22 27/6/23 18/6/24 24/6/25 23/6/26 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.99x0.39x7.02x4.03% 847M
12.86x5.56x11.9x4.33% 76.4B
12.79x1.44x7.53x5.86% 67.02B
16.15x6.28x14.02x3.24% 53.17B
15.84x1.11x9.28x3.4% 52.08B
20.08x2.72x9.39x2.17% 49.25B
16.56x4.95x9.58x4.55% 37.03B
60.1x19.28x34.34x0.25% 35.7B
16.57x4.71x12.34x3.82% 34.77B
18.94x5.52x12.53x2.94% 28.3B
Average 20.09x 5.20x 12.79x 3.46% 43.46B
Weighted average by Cap. 19.31x 5.15x 12.60x 3.63%

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. TEP Stock
  4. Valuation Telecom Plus Plc
-40%: Exceptional extension
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