TELECOM ARGENTINA S.A. Financials Telecom Argentina S.A.
Equities
TECO2
ARP9028N1016
Integrated Telecommunications Services
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,900 ARS | +7.40% |
|
+9.88% | +37.40% |
| 04-25 | Telecom Argentina S.A. Approves Board and Committee Elections | CI |
| 03-12 | Transcript : Telecom Argentina S.A., Q4 2023 Earnings Call, Mar 12, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 6,144 | 5,034 | 4,243 | 4,466 | 3,684 | 4,657 | - | - |
| Enterprise Value (EV) 2 | 8,258 | 6,963 | 6,587 | 6,565 | 3,684 | 5,987 | 5,770 | 5,507 |
| P/E ratio | -83.7 x | -74.2 x | - | -3.8 x | - | - | - | - |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.62 x | 1.51 x | 1.08 x | 1.23 x | 1.52 x | 1.59 x | 1.57 x | 1.55 x |
| EV / Revenue | 2.18 x | 2.09 x | 1.68 x | 1.8 x | 1.52 x | 2.04 x | 1.94 x | 1.83 x |
| EV / EBITDA | 6.7 x | 6.13 x | 5.39 x | 6.56 x | - | 7.1 x | 6.4 x | 5.73 x |
| EV / FCF | 15.8 x | 13 x | 12.7 x | 13.9 x | - | -11.2 x | 19.7 x | 16.2 x |
| FCF Yield | 6.34% | 7.67% | 7.87% | 7.21% | - | -8.93% | 5.09% | 6.16% |
| Price to Book | - | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 2,153,688 | 2,153,688 | 2,153,688 | 2,153,688 | 2,153,688 | 2,153,688 | - | - |
| Reference price 3 | 170.8 | 196.6 | 202.3 | 366.5 | 1,383 | 1,900 | 1,900 | 1,900 |
| Announcement Date | 20-03-10 | 21-03-10 | 22-03-09 | 23-03-09 | 24-03-11 | - | - | - |
1ARS in Million2USD in Million3ARS
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,791 | 3,327 | 3,915 | 3,639 | 2,427 | 2,938 | 2,973 | 3,006 |
| EBITDA 1 | 1,233 | 1,135 | 1,222 | 1,000 | - | 843.7 | 901.5 | 960.3 |
| EBIT 1 | 252.6 | 223.9 | -25.65 | -1,472 | -147.4 | 219.5 | 689.1 | 821.7 |
| Operating Margin | 6.66% | 6.73% | -0.66% | -40.45% | -6.07% | 7.47% | 23.18% | 27.34% |
| Earnings before Tax (EBT) 1 | 164.4 | 34.72 | 398.1 | - | -693.1 | 978.3 | 14.34 | 52.15 |
| Net income 1 | -70.31 | -63.05 | 79.74 | -1,037 | -303.8 | 728.4 | 10.67 | 38.83 |
| Net margin | -1.85% | -1.89% | 2.04% | -28.5% | -12.52% | 24.79% | 0.36% | 1.29% |
| EPS | -2.040 | -2.650 | - | -96.50 | - | - | - | - |
| Free Cash Flow 1 | 523.5 | 534.3 | 518.4 | 473.2 | - | -534.5 | 293.5 | 339 |
| FCF margin | 13.81% | 16.06% | 13.24% | 13% | - | -18.19% | 9.87% | 11.28% |
| FCF Conversion (EBITDA) | 42.46% | 47.07% | 42.43% | 47.32% | - | - | 32.56% | 35.3% |
| FCF Conversion (Net income) | - | - | 650.14% | - | - | - | 2,749.86% | 873.1% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 20-03-10 | 21-03-10 | 22-03-09 | 23-03-09 | 24-03-11 | - | - | - |
1USD in Million
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 961.5 | 1,219 | 1,002 | 946.7 | 916.4 | 1,289 | 941.8 | 881.3 | 952.6 | 1,212 | 535.8 | 536.7 | 525.1 | 521.4 |
| EBITDA 1 | 284.3 | 396.2 | 347.5 | 247 | 335.6 | 325.6 | 284 | 232.3 | 284.2 | - | 175.6 | 178.8 | 192.6 | 280 |
| EBIT 1 | -46.08 | -36.55 | 10.73 | -74.68 | -1,386 | -300.8 | -13.49 | -71.21 | - | -87.28 | -31.42 | -44.21 | -26.17 | -41.84 |
| Operating Margin | -4.79% | -3% | 1.07% | -7.89% | -151.28% | -23.34% | -1.43% | -8.08% | - | -7.2% | -5.87% | -8.24% | -4.98% | -8.02% |
| Earnings before Tax (EBT) 1 | 57.4 | 103.7 | 202.5 | 18.49 | -1,213 | -364 | 73.26 | -66.16 | 19.59 | -704.1 | 711.3 | -552.8 | 394.7 | 425.1 |
| Net income 1 | 25.46 | 76.44 | 200.9 | 27.33 | -1,255 | -214.4 | 121.7 | 12.18 | 86.56 | -399.7 | 528.1 | -410.5 | 293.1 | 315.6 |
| Net margin | 2.65% | 6.27% | 20.04% | 2.89% | -136.94% | -16.64% | 12.92% | 1.38% | 9.09% | -32.97% | 98.57% | -76.48% | 55.81% | 60.53% |
| EPS | - | 3.850 | - | 1.700 | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 21-11-10 | 22-03-09 | 22-05-11 | 22-08-10 | 22-11-14 | 23-03-09 | 23-05-09 | 23-08-09 | 23-11-09 | 24-03-11 | - | - | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,114 | 1,929 | 2,344 | 2,099 | - | 1,329 | 1,112 | 850 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.715 x | 1.699 x | 1.918 x | 2.099 x | - | 1.576 x | 1.234 x | 0.8846 x |
| Free Cash Flow 1 | 523 | 534 | 518 | 473 | - | -534 | 294 | 339 |
| ROE (net income / shareholders' equity) | -1.35% | -1.43% | 1.55% | -22.5% | - | -43.3% | - | 39.5% |
| ROA (Net income/ Total Assets) | -0.76% | -0.74% | 0.78% | -10.9% | - | 11% | 0.16% | 0.57% |
| Assets 1 | 9,196 | 8,490 | 10,189 | 9,559 | - | 6,615 | 6,886 | 6,765 |
| Book Value Per Share | - | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 786 | 570 | 676 | 573 | - | 455 | 391 | 388 |
| Capex / Sales | 20.72% | 17.12% | 17.26% | 15.76% | - | 15.5% | 13.16% | 12.9% |
| Announcement Date | 20-03-10 | 21-03-10 | 22-03-09 | 23-03-09 | 24-03-11 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +37.40% | 4.66B | |
| +7.48% | 196B | |
| +3.16% | 164B | |
| -1.10% | 93.7B | |
| +12.30% | 71.82B | |
| +4.51% | 59.9B | |
| -7.67% | 49.58B | |
| -17.62% | 38.31B | |
| -31.58% | 38.3B | |
| -11.90% | 30.64B |
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- Financials Telecom Argentina S.A.
