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 82.97 145.6 - -
Change - -8.9% 0.26% -22.08% 14% 75.44% - -
Enterprise Value (EV) 1 83.45 75.57 76.2 53.67 65.95 126.4 126.1 145.6
Change - -9.44% 0.83% -29.56% 22.87% 91.63% -0.24% 15.47%
P/E 11.3x 11.6x -23.6x 7.63x 9.85x 17.4x 14.6x 14x
PBR - - - - - - - -
PEG - -1x 0x -0x -0.8x -25.72x 0.8x 2.87x
Capitalization / Revenue 2.12x 1.68x 1.53x 1.06x 1.03x 1.76x 1.65x 1.56x
EV / Revenue 1.73x 1.37x 1.25x 0.78x 0.82x 1.52x 1.43x 1.56x
EV / EBITDA 6.58x 7x 7.18x 3.89x 5.47x 10.1x 8.94x -
EV / EBIT 7.43x 7.96x -30.1x 5.01x 6.59x 13.2x 11x -
EV / FCF 14.8x 16.2x 11.6x 12.3x 16.3x 14.1x 23.4x -
FCF Yield 6.76% 6.16% 8.61% 8.14% 6.14% 7.11% 4.27% -
Dividend per Share 2 0.5 0.55 0.25 - - 0.4 0.55 -
Rate of return 5.93% 7.16% 3.25% - - 3.33% 4.58% -
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 12.00 12.00 12.00
Nbr of stocks (in thousands) 12,131 12,131 12,131 12,131 12,131 12,131 - -
Announcement Date 5/10/22 A 5/4/23 A 6/19/24 A 5/16/25 A 6/8/26 A - - -
1TND in Million2TND
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.39x1.52x10.11x3.33% 49.93M
24.46x3.95x13.79x2.72% 235B
-130.31x18.17x100.76x-.--% 117B
14.45x1.6x8.39x3.31% 119B
14.25x2.6x9.8x5.77% 83.08B
20.32x5.35x13.15x2.8% 61.29B
13.6x1.96x8.33x5.73% 43.84B
22.63x1.86x11.56x1.29% 45.18B
21.37x1.61x10.31x0.89% 41.61B
16.65x2.09x9.91x5.25% 34.05B
Average 3.48x 4.07x 19.61x 3.11% 78.02B
Weighted average by Cap. -2.94x 5.25x 24.76x 2.83%

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
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