Company Valuation: Telephone and Data Systems, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,311 1,191 2,074 3,884 4,737 3,887 - -
Change - -48.46% 74.06% 87.31% 21.97% -17.95% - -
Enterprise Value (EV) 1 4,878 4,581 7,128 7,602 4,800 3,503 3,810 4,121
Change - -6.09% 55.58% 6.66% -36.86% -27.03% 8.77% 8.16%
P/E 20.2x -150x -3.63x -40.1x -62.1x 25x 149x 178x
PBR 0.39x 0.2x 0.4x 0.76x 0.97x 0.72x 0.7x 0.69x
PEG - 1x -0x 0.5x 2.8x -0x -1.8x -11.1x
Capitalization / Revenue 0.43x 0.22x 0.4x 0.78x 3.86x 3.12x 3.1x 2.99x
EV / Revenue 0.92x 0.85x 1.38x 1.53x 3.91x 2.81x 3.04x 3.17x
EV / EBITDA 4.13x 3.67x 5.61x 5.56x 9.15x 6.74x 6.92x 7.11x
EV / EBIT 18.7x 37.6x -17.2x 121x -49.3x 24.6x -447x -203x
EV / FCF -174x -764x -103x 29.1x 24.1x -27.8x -70.6x -
FCF Yield -0.57% -0.13% -0.97% 3.43% 4.15% -3.6% -1.42% -
Dividend per Share 2 0.7 0.72 0.74 0.31 0.16 0.1658 0.1659 0.1661
Rate of return 3.47% 6.86% 4.03% 0.91% 0.39% 0.49% 0.49% 0.49%
EPS 2 1 -0.07 -5.05 -0.85 -0.66 1.365 0.2284 0.1918
Distribution rate 70% -1,029% -14.7% -36.5% -24.2% 12.1% 72.6% 86.6%
Net sales 1 5,329 5,413 5,160 4,964 1,228 1,245 1,255 1,301
EBITDA 1 1,180 1,247 1,271 1,368 524.6 519.3 550.5 579.9
EBIT 1 261 122 -414 63 -97.38 142.2 -8.527 -20.25
Net income 1 117 -7 -569 -97 -75.46 135.1 25.98 -15.42
Net Debt 1 2,567 3,390 5,054 3,718 62.69 -384.3 -77.04 234
Reference price 2 20.15 10.49 18.35 34.11 41.00 34.14 34.14 34.14
Nbr of stocks (in thousands) 114,700 113,565 113,000 113,866 115,544 113,850 - -
Announcement Date 17/02/22 16/02/23 16/02/24 21/02/25 20/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.01x2.81x6.74x0.49% 3.89B
-200.41x48.09x108.9x - 1,914B
37.71x6.89x31.17x0.17% 225B
17.96x3.02x7.7x2.2% 203B
9.26x2.25x6.07x5.25% 147B
14.14x2.29x7.63x3.01% 65.77B
21.1x5.65x10.35x4.5% 33.35B
13.48x1.31x4.48x3.74% 34.02B
8.89x0.32x1.3x7.61% 24.98B
12.53x3.42x7.58x6.76% 20.29B
Average -4.03x 7.61x 19.19x 3.75% 267.11B
Weighted average by Cap. -137.57x 35.57x 82.04x 2.72%

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 Telephone and Data Systems, Inc.