Financials Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Equities

MTELEKOM

HU0000073507

Integrated Telecommunications Services

End-of-day quote Budapest S.E. 06:00:00 2024-07-07 pm EDT 5-day change 1st Jan Change
1,034 HUF -0.96% Intraday chart for Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság -1.15% +51.61%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 461,122 392,884 420,043 326,363 634,111 979,989 - -
Enterprise Value (EV) 1 810,479 810,317 892,929 803,281 1,064,751 1,373,989 1,343,446 1,308,356
P/E ratio 11.2 x 9.21 x 7.03 x 5.25 x 8.15 x 7.65 x 5.84 x 5.25 x
Yield 4.48% 5.26% 3.65% - 6.55% 7.05% 10% 12.9%
Capitalization / Revenue 0.69 x 0.58 x 0.6 x 0.44 x 0.75 x 1.06 x 1.02 x 1 x
EV / Revenue 1.22 x 1.2 x 1.28 x 1.08 x 1.25 x 1.48 x 1.4 x 1.33 x
EV / EBITDA 3.67 x 3.59 x 3.71 x 3.24 x 3.71 x 4.12 x 3.52 x 3.35 x
EV / FCF 16.3 x -16.7 x 10.6 x 10.8 x 12.3 x 11.3 x 9.78 x 9.56 x
FCF Yield 6.15% -6% 9.39% 9.28% 8.13% 8.83% 10.2% 10.5%
Price to Book 0.77 x 0.65 x 0.63 x 0.47 x 0.92 x 1.26 x 1.12 x 1.04 x
Nbr of stocks (in thousands) 1,033,906 1,033,906 1,020,760 962,723 929,781 929,781 - -
Reference price 2 446.0 380.0 411.5 339.0 682.0 1,054 1,054 1,054
Announcement Date 2/18/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1HUF in Million2HUF
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 666,653 673,048 700,120 746,669 849,372 925,568 962,177 984,064
EBITDA 1 220,562 225,882 240,771 247,946 287,164 333,205 381,626 390,715
EBIT 1 83,180 84,824 92,809 109,178 147,996 199,509 240,002 246,380
Operating Margin 12.48% 12.6% 13.26% 14.62% 17.42% 21.56% 24.94% 25.04%
Earnings before Tax (EBT) 1 59,145 60,912 79,113 84,395 103,956 150,000 207,958 231,418
Net income 1 41,157 42,364 58,997 62,954 78,951 127,659 161,341 183,568
Net margin 6.17% 6.29% 8.43% 8.43% 9.3% 13.79% 16.77% 18.65%
EPS 2 39.81 41.25 58.56 64.53 83.73 137.9 180.5 200.7
Free Cash Flow 1 49,848 -48,606 83,864 74,546 86,516 121,298 137,377 136,826
FCF margin 7.48% -7.22% 11.98% 9.98% 10.19% 13.11% 14.28% 13.9%
FCF Conversion (EBITDA) 22.6% - 34.83% 30.07% 30.13% 36.4% 36% 35.02%
FCF Conversion (Net income) 121.12% - 142.15% 118.41% 109.58% 95.02% 85.15% 74.54%
Dividend per Share 2 20.00 20.00 15.00 - 44.70 74.35 105.7 136.2
Announcement Date 2/18/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1HUF in Million2HUF
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 193,592 175,864 184,234 190,915 199,203 195,870 208,090 216,225 229,187 224,229
EBITDA 1 64,931 62,146 57,905 65,196 62,699 58,029 75,921 80,452 72,762 84,593
EBIT 1 25,666 26,777 22,686 31,306 28,409 24,447 41,025 45,714 36,810 49,340
Operating Margin 13.26% 15.23% 12.31% 16.4% 14.26% 12.48% 19.72% 21.14% 16.06% 22%
Earnings before Tax (EBT) 1 - - - - - 15,792 29,033 30,374 - 41,535
Net income 1 18,718 18,453 10,570 17,062 16,869 10,519 22,258 22,947 23,227 33,679
Net margin 9.67% 10.49% 5.74% 8.94% 8.47% 5.37% 10.7% 10.61% 10.13% 15.02%
EPS 2 - - - - - - - - - 36.22
Dividend per Share - - - - - - - - - -
Announcement Date 2/24/22 5/12/22 8/10/22 11/9/22 2/23/23 5/10/23 8/9/23 11/9/23 2/22/24 5/15/24
1HUF in Million2HUF
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 349,357 417,433 472,886 476,918 430,640 394,000 363,456 328,367
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.584 x 1.848 x 1.964 x 1.923 x 1.5 x 1.182 x 0.9524 x 0.8404 x
Free Cash Flow 1 49,848 -48,606 83,864 74,546 86,516 121,298 137,377 136,826
ROE (net income / shareholders' equity) 6.99% 6.97% 9.28% 9.36% 11.2% 15.8% 18.2% 20.7%
ROA (Net income/ Total Assets) 3.45% 3.29% 4.29% 4.41% 5.39% 6.8% 9.85% 11%
Assets 1 1,192,438 1,289,380 1,375,221 1,428,545 1,463,831 1,877,342 1,637,977 1,668,800
Book Value Per Share 2 577.0 581.0 655.0 719.0 745.0 835.0 939.0 1,013
Cash Flow per Share 157.0 181.0 193.0 203.0 - - - -
Capex 1 112,520 234,561 110,906 121,217 100,115 142,087 152,074 155,381
Capex / Sales 16.88% 34.85% 15.84% 16.23% 11.79% 15.35% 15.81% 15.79%
Announcement Date 2/18/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1HUF in Million2HUF
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
1,054 HUF
Average target price
1,015 HUF
Spread / Average Target
-3.68%
Consensus

Quarterly revenue - Rate of surprise

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