HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. Financials Hellenic Telecommunications Organization S.A. Deutsche Boerse AG
Equities
OTE
GRS260333000
Integrated Telecommunications Services
|
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 13.7 EUR | +0.77% |
|
-3.07% | +8.12% |
| 05-17 | Remunerating its shareholders well while deploying fibre (Hellenic Telecom (OTE)) |  |
| 05-14 | Transcript : Hellenic Telecommunications Organization S.A., Q1 2024 Earnings Call, May 14, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,715 | 6,055 | 7,267 | 6,258 | 5,367 | 5,696 | - | - |
| Enterprise Value (EV) 1 | 7,761 | 7,089 | 8,043 | 6,722 | 6,002 | 6,279 | 6,101 | 6,109 |
| P/E ratio | 34 x | 23.3 x | 15.2 x | 16.4 x | 10.3 x | 10.6 x | 9.56 x | 9.07 x |
| Yield | 3.86% | 5.16% | 3.43% | 3.95% | 5.5% | 5.36% | 5.63% | 6.44% |
| Capitalization / Revenue | 1.72 x | 1.86 x | 2.16 x | 1.81 x | 1.55 x | 1.62 x | 1.58 x | 1.57 x |
| EV / Revenue | 1.99 x | 2.18 x | 2.39 x | 1.95 x | 1.73 x | 1.78 x | 1.7 x | 1.68 x |
| EV / EBITDA | 5.69 x | 5.79 x | 6.21 x | 4.99 x | 4.47 x | 4.48 x | 4.21 x | 4.18 x |
| EV / FCF | 15.8 x | 12.2 x | 12.6 x | 9.91 x | 12 x | 12.6 x | 11.5 x | 11.2 x |
| FCF Yield | 6.33% | 8.18% | 7.94% | 10.1% | 8.35% | 7.96% | 8.67% | 8.95% |
| Price to Book | 3.27 x | 3.1 x | 3.68 x | - | - | - | - | - |
| Nbr of stocks (in thousands) | 470,910 | 459,391 | 447,065 | 428,912 | 416,076 | 413,323 | - | - |
| Reference price 2 | 14.26 | 13.18 | 16.26 | 14.59 | 12.90 | 13.78 | 13.78 | 13.78 |
| Announcement Date | 19/02/20 | 26/02/21 | 24/02/22 | 23/02/23 | 22/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,908 | 3,259 | 3,368 | 3,455 | 3,469 | 3,520 | 3,595 | 3,638 |
| EBITDA 1 | 1,364 | 1,224 | 1,296 | 1,348 | 1,342 | 1,400 | 1,450 | 1,462 |
| EBIT 1 | 180.1 | 331.4 | 812.3 | 751.5 | 715.7 | 761.2 | 802.5 | 825.7 |
| Operating Margin | 4.61% | 10.17% | 24.12% | 21.75% | 20.63% | 21.63% | 22.32% | 22.7% |
| Earnings before Tax (EBT) 1 | 129.9 | 283.1 | 719.4 | 554.9 | 699.5 | 706.8 | 741.5 | 777.9 |
| Net income 1 | 205.1 | 359.9 | 557.6 | 388.6 | 531.7 | 536.7 | 563.4 | 581.8 |
| Net margin | 5.25% | 11.04% | 16.55% | 11.25% | 15.33% | 15.25% | 15.67% | 15.99% |
| EPS 2 | 0.4200 | 0.5659 | 1.072 | 0.8873 | 1.256 | 1.300 | 1.441 | 1.520 |
| Free Cash Flow 1 | 491 | 580.1 | 638.2 | 678 | 501.2 | 499.6 | 529 | 546.8 |
| FCF margin | 12.57% | 17.8% | 18.95% | 19.62% | 14.45% | 14.19% | 14.71% | 15.03% |
| FCF Conversion (EBITDA) | 35.99% | 47.41% | 49.25% | 50.3% | 37.33% | 35.68% | 36.49% | 37.39% |
| FCF Conversion (Net income) | 239.4% | 161.18% | 114.45% | 174.47% | 94.26% | 93.09% | 93.89% | 93.99% |
| Dividend per Share 2 | 0.5500 | 0.6800 | 0.5580 | 0.5765 | 0.7100 | 0.7381 | 0.7761 | 0.8871 |
| Announcement Date | 19/02/20 | 26/02/21 | 24/02/22 | 23/02/23 | 22/02/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,859 | 861.4 | 891.5 | 825.3 | 849.6 | 1,675 | 904.8 | 885.4 | 803.6 | 854.1 | 1,658 | 881 | 930.2 | 877.6 | 861.8 | 897.1 | 928.9 |
| EBITDA 1 | 690.6 | 352.5 | 331.8 | 325.3 | 332.8 | 658.1 | 358.1 | 331.8 | 322 | 326.8 | 648.8 | 352.6 | 341.1 | 326 | - | - | - |
| EBIT 1 | - | 342.1 | 151.4 | 179.2 | 150.5 | - | 209.8 | 176.3 | 181.2 | 151.2 | - | 204.8 | 178.5 | 182.2 | - | - | - |
| Operating Margin | - | 39.71% | 16.98% | 21.71% | 17.71% | - | 23.19% | 19.91% | 22.55% | 17.7% | - | 23.25% | 19.19% | 20.76% | - | - | - |
| Earnings before Tax (EBT) | - | 281.5 | - | - | - | - | 205.6 | - | - | 148 | - | - | - | - | - | - | - |
| Net income | 184.3 | 235.1 | 100.5 | 129.4 | 106.8 | 236.2 | 160.2 | -7.8 | - | 111.9 | - | 150 | - | - | - | - | - |
| Net margin | 9.91% | 27.29% | 11.27% | 15.68% | 12.57% | 14.1% | 17.71% | -0.88% | - | 13.1% | - | 17.03% | - | - | - | - | - |
| EPS 2 | - | 0.4628 | 0.2218 | 0.2911 | 0.2423 | - | 0.3673 | -0.0185 | 0.3157 | 0.2687 | - | 0.3553 | 0.3223 | 0.3242 | 0.2700 | 0.3700 | 0.3400 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 06/08/20 | 12/11/21 | 24/02/22 | 12/05/22 | 04/08/22 | 04/08/22 | 10/11/22 | 23/02/23 | 05/05/23 | 03/08/23 | 03/08/23 | 09/11/23 | 22/02/24 | 14/05/24 | - | - | - |
1EUR in Million2EUR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,046 | 1,034 | 776 | 465 | 635 | 584 | 406 | 414 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.767 x | 0.845 x | 0.5985 x | 0.3446 x | 0.4728 x | 0.4169 x | 0.2798 x | 0.283 x |
| Free Cash Flow 1 | 491 | 580 | 638 | 678 | 501 | 500 | 529 | 547 |
| ROE (net income / shareholders' equity) | 18.7% | 17.8% | 28.1% | 20.4% | 28% | 27.2% | 27.1% | 26.7% |
| ROA (Net income/ Total Assets) | 6.28% | 5.89% | 10.1% | 7.61% | 10.7% | 10.6% | 11.1% | - |
| Assets 1 | 3,266 | 6,112 | 5,542 | 5,108 | 4,948 | 5,083 | 5,094 | - |
| Book Value Per Share | 4.360 | 4.240 | 4.410 | - | - | - | - | - |
| Cash Flow per Share | 2.420 | 2.650 | 2.690 | - | - | - | - | - |
| Capex 1 | 662 | 668 | 586 | 640 | 621 | 649 | 630 | 630 |
| Capex / Sales | 16.94% | 20.49% | 17.4% | 18.51% | 17.91% | 18.42% | 17.52% | 17.32% |
| Announcement Date | 19/02/20 | 26/02/21 | 24/02/22 | 23/02/23 | 22/02/24 | - | - | - |
1EUR in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
13.78
EUR
Average target price
17.77
EUR
Spread / Average Target
+28.97%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.19% | 205B | |
| +4.59% | 166B | |
| +0.05% | 117B | |
| -11.43% | 81.78B | |
| +19.25% | 71.67B | |
| +4.13% | 60.84B | |
| -8.79% | 48.97B | |
| -30.94% | 38.66B | |
| -20.47% | 37.22B |
- Stock Market
- Equities
- HTO Stock
- OTE Stock
- Financials Hellenic Telecommunications Organization S.A.
