Company Valuation: Telecom Plus Plc

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 997 1,205 1,497 1,280 1,380 598 - -
Change - 20.89% 24.2% -14.48% 7.83% -56.68% - -
Enterprise Value (EV) 1 1,068 1,276 1,600 1,403 1,496 1,175 769.8 773.2
Change - 19.4% 25.45% -12.35% 6.67% -21.5% 3.16% 0.44%
P/E - 34x 22.2x 18.3x 18.3x 12.9x 10.6x 8.33x
PBR 4.7x 5.85x - 5.53x 5.47x 3.86x 2.21x 2.15x
PEG - - 0.2x 4.33x 2.58x 2.56x -0.3x 0.3x
Capitalization / Revenue 1.16x 1.25x 0.6x 0.63x 0.75x 0.53x 0.29x 0.28x
EV / Revenue 1.24x 1.32x 0.65x 0.69x 0.81x 0.61x 0.38x 0.36x
EV / EBITDA 16.9x 17.3x 14.5x 10.5x 10.1x 7.26x 6.7x 5.89x
EV / EBIT 18.3x 19.6x 16.6x 11.4x 11x 8.12x 7.98x 6.94x
EV / FCF 32.1x 30.8x 7.11x -9.67x 16.3x 21.7x 18.9x 14.5x
FCF Yield 3.12% 3.24% 14.1% -10.3% 6.12% 4.62% 5.28% 6.89%
Dividend per Share 2 0.57 0.57 0.8 0.83 0.94 0.5 0.3281 0.412
Rate of return 4.49% 3.73% 4.23% 5.1% 5.4% 3.87% 4.38% 5.5%
EPS 2 - 0.45 0.852 0.888 0.951 0.999 0.7057 0.8994
Distribution rate - 127% 93.9% 93.5% 98.8% 50.1% 46.5% 45.8%
Net sales 1 861.2 967.4 2,475 2,039 1,838 1,941 2,049 2,119
EBITDA 1 63.12 73.62 110.4 133.3 148.1 161.8 114.9 131.3
EBIT 1 58.39 65.18 96.38 122.6 136.2 144.6 96.44 111.4
Net income 1 - 35.47 68.43 71.04 76.1 80.67 55.22 68.25
Net Debt 1 71.42 70.4 103.4 122.5 115.9 143.1 171.9 175.3
Reference price 2 12.700 15.300 18.900 16.280 17.400 7.490 7.490 7.490
Nbr of stocks (in thousands) 78,502 78,773 79,202 78,631 79,331 79,835 - -
Announcement Date 6/18/21 A 6/21/22 A 6/27/23 A 6/18/24 A 6/24/25 A 6/23/26 A - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
6.75x0.39x4.82x9.32% 792M
14.02x5.65x12.36x3.95% 82.69B
33.75x6.21x16.87x1.68% 80.2B
14.51x1.58x8.12x5.07% 76.1B
18.33x7.08x14.8x2.8% 61.39B
16.55x1.16x9.57x3.26% 54.07B
22.35x2.51x9.4x2.34% 45.22B
18.98x5.2x13.41x3.25% 41.08B
62.36x21.1x36.65x0.3% 38.5B
17.54x5.06x9.86x4.5% 37.84B
Average 22.52x 5.59x 13.59x 3.65% 51.79B
Weighted average by Cap. 22.88x 5.63x 13.87x 3.14%

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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