View Financial HealthTelecom Egypt 배당 및 자사주 매입배당 기준 점검 4/6Telecom Egypt 수익으로 충분히 충당되는 현재 수익률 1.55% 보유한 배당금 지급 회사입니다.핵심 정보1.6%배당 수익률n/a자사주 매입 수익률총 주주 수익률n/a미래 배당 수익률3.7%배당 성장률11.8%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향16%최근 배당 및 자사주 매입 업데이트공지 • Apr 08Telecom Egypt Company Announces Dividend Distribution,Payable on April 24, 2025Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 17 April 2025, Dividend payment date: 24 April 2025.Declared Dividend • Apr 10Dividend increased to ج.م1.50Dividend of ج.م1.50 is 20% higher than last year. Ex-date: 22nd April 2024 Payment date: 24th April 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (204% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 127% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공지 • Apr 09Telecom Egypt Company Announces Dividend Distribution, Payable on 24 April 2024Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 21 April 2024, Dividend payment date: 24 April 2024.Upcoming Dividend • Apr 11Upcoming dividend of ج.م1.25 per share at 5.0% yieldEligible shareholders must have bought the stock before 18 April 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Egyptian dividend payers (8.0%). In line with average of industry peers (5.5%).공지 • Apr 11Telecom Egypt Company Announces Distribution for the Year 2021, Payable 26th April 2022Telecom Egypt Company announced distribution of EGP 1 per share. Record date is 19th April 2022, Dividend payment date is 26th April 2022.Upcoming Dividend • Apr 19Upcoming dividend of ج.م0.75 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 6.6%. Lower than top quartile of Egyptian dividend payers (9.6%). Higher than average of industry peers (4.2%).모든 업데이트 보기Recent updates공지 • May 06Telecom Egypt Company to Report Q1, 2026 Results on May 21, 2026Telecom Egypt Company announced that they will report Q1, 2026 results Pre-Market on May 21, 2026공지 • Feb 27Telecom Egypt Company, Annual General Meeting, Mar 30, 2026Telecom Egypt Company, Annual General Meeting, Mar 30, 2026, at 08:00 Egypt Standard Time. Location: giza Egypt공지 • Feb 10Telecom Egypt Company to Report Fiscal Year 2025 Results on Feb 26, 2026Telecom Egypt Company announced that they will report fiscal year 2025 results Pre-Market on Feb 26, 2026공지 • Jan 01Telecom Egypt Company Announces Leadership & Organizational ChangesTelecom Egypt announced an organizational transformation initiative approved by its Board of Directors. The transformation is designed to enhance the Company's strategic focus and operational agility while reinforcing its customer-centric approach. It includes structural realignments across key business functions and the appointment of new leadership roles to support the next phase of the Company's growth. The initiative aims to accelerate decision-making, strengthen execution, and ensure sustainable growth through clear accountability, optimized operations, and strategic leadership alignment. As part of the transformation, Telecom Egypt's commercial operations have been restructured into two focused business sectors - Consumer and Enterprise - to enable sharper strategic alignment and improved responsiveness to customer needs. The Consumer Sector now focuses on individual and home customers, driving growth through a streamlined portfolio and improved service models. The Enterprise Sector serves corporate, institutional, and government clients, delivering integrated communication and digital solutions that support Egypt's ongoing digital transformation. To ensure full alignment between commercial strategy and service delivery, the Customer Service function has also been realigned to operate within each sector through functionally and organizationally integrated units,establishing clear accountability for customer experience and service performance. Furthermore, the Board appointed Mr.Mohamed Eltouny as Chief Consumer Officer, responsible for leading the commercial strategy and operations of the Consumer Sector, with a focus on accelerating growth, improving commercial efficiency, and enhancing overall customer value and profitability. The Board also approved transferring Mr. Ramy Kato from Chief Customer Officer to Chief Enterprise Officer. In this role, he will lead Telecom Egypt's enterprise, corporate, and government business, driving expansion through strategic partnerships and advancing digital transformation initiatives in alignment with Egypt's Vision 2030 for a digitized economy. Recognizing the critical role of technology as an enabler of growth and innovation, the Board appointed Mr. Ahmed El-Fouly as Chief Information Officer. He will oversee the modernization and expansion of Telecom Egypt's information and digital infrastructure, advancing innovation, automation, and data-driven capabilities across all business functions. He will ensure that the Company's information systems remain fully aligned with its strategic objectives, enabling greater efficiency, resilience, and scalability. This appointment underscores Telecom Egypt's commitment to strengthening its digital foundations, fostering innovation, and delivering long-term value to customers and shareholders.공지 • Dec 14Telecom Egypt Company Provides Financial Guidance for 2026Telecom Egypt Company announced that its Board of Directors has approved the 2026 budget with KPI guidance as follows: Revenue growth percentage expected in the high single digit.공지 • Oct 30Telecom Egypt Company to Report Q3, 2025 Results on Nov 13, 2025Telecom Egypt Company announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025공지 • Oct 02+ 1 more updateTelecom Egypt Company Announces CEO Changes, Effective 30 September 2025TelecomEgypt announced the appointment of Tamer El Mahdi as Chief Executive Officer (CEO), succeeding Mohamed Nasr, who has stepped down from his executive role and his membership on the Board of Directors. The Board approved the changes during today's meeting, effective 30 September 2025. As part of his new role, El Mahdi will oversee the process of appointing successors to these positions, ensuring operational continuity and supporting the company's strategic direction. El Mahdi's strong track record and wide-ranging expertise qualify him to lead Telecom Egypt into a new phase of growth and expansion, maximize the value of its assets and investments, and drive the company's ambitious strategy to strengthen its customer base and enhance service quality at both local and international levels, meeting the aspirations of our shareholders and customers alike. We wish him every success in his new role. Tamer El Mahdi was appointed to the Board of Directors as a representative of the Egyptian government in March 2025. With over 30 years of experience, El Mahdi has served as Founder and Chairman of Trade Globe and Terrawaves Networks since 2020, overseeing global operations in telecom consultancy, network design, and digital infrastructure development. His career spans executive leadership in multinational corporations and investment firms across various sectors, including telecommunications, digital transformation, fintech, real estate, mining, and non-banking financial services. From 2014 to 2019, he served as Group CEO of Orascom Telecom Media and Technology (OTMT), leading its strategic transformation and diversification across multiple industries and regions, including Europe, South Asia, and the Middle East. Prior to that, he was CEO of Orascom Telecom Algeria (Djezzy), Algeria's largest mobile operator, from 2008 to 2013. During his tenure at Orascom Telecom Holding, he held key leadership roles, including Group CTIO (2003-2008), where he managed multi-billion-dollar investments and launched mobile operations in Canada, Bangladesh, Iraq, and North Korea. Early in his career, El Mahdi held leadership positions at AT&T, managing large-scale telecom infrastructure projects across North Africa. A seasoned board member, he has served on the boards of Orascom Telecom, Beltone Financial Holding, Contact Financial Holding, and other prominent firms in Egypt and internationally. El Mahdi holds an MBA in International Business Administration from the Maastricht School of Management, a Master's in Project Management from George Washington University, a Master's in Electrical & Electronic Engineering from California State University, and a Bachelor's degree in the same field from Cairo University.공지 • Jul 29Telecom Egypt Company to Report Q2, 2025 Results on Aug 14, 2025Telecom Egypt Company announced that they will report Q2, 2025 results Pre-Market on Aug 14, 2025Board Change • May 14Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Mohamed Said Sultan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.공지 • Apr 29Telecom Egypt Company to Report Q1, 2025 Results on May 13, 2025Telecom Egypt Company announced that they will report Q1, 2025 results Pre-Market on May 13, 2025공지 • Apr 08Telecom Egypt Company Announces Dividend Distribution,Payable on April 24, 2025Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 17 April 2025, Dividend payment date: 24 April 2025.공지 • Feb 28Telecom Egypt Company, Annual General Meeting, Mar 25, 2025Telecom Egypt Company, Annual General Meeting, Mar 25, 2025, at 08:30 Egypt Standard Time. Location: giza Egypt공지 • Feb 12Telecom Egypt Company to Report Fiscal Year 2024 Results on Feb 27, 2025Telecom Egypt Company announced that they will report fiscal year 2024 results at 1:00 PM, Egypt Standard Time on Feb 27, 2025공지 • Dec 24Telecom Egypt Company Provides Earnings Guidance for the Year 2025Telecom Egypt Company provided earnings guidance for the year 2025. For the year, the company’s revenue growth percentage planned in the low twenties.Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ج.م1.25 (vs ج.م1.44 in 3Q 2023)Third quarter 2024 results: EPS: ج.م1.25 (down from ج.م1.44 in 3Q 2023). Revenue: ج.م20.5b (up 48% from 3Q 2023). Net income: ج.م2.13b (down 13% from 3Q 2023). Profit margin: 10% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.공지 • Oct 31Telecom Egypt Company to Report Q3, 2024 Results on Nov 14, 2024Telecom Egypt Company announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024Buy Or Sell Opportunity • Oct 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to ج.م34.99. The fair value is estimated to be ج.م29.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.공지 • Sep 23Telecom Egypt Company(CASE:ETEL) dropped from FTSE All-World Index (USD)Telecom Egypt Company(CASE:ETEL) dropped from FTSE All-World Index (USD)Buy Or Sell Opportunity • Sep 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to ج.م35.00. The fair value is estimated to be ج.م29.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.Reported Earnings • Aug 18Second quarter 2024 earnings released: EPS: ج.م1.54 (vs ج.م1.69 in 2Q 2023)Second quarter 2024 results: EPS: ج.م1.54 (down from ج.م1.69 in 2Q 2023). Revenue: ج.م20.5b (up 44% from 2Q 2023). Net income: ج.م2.63b (down 8.8% from 2Q 2023). Profit margin: 13% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.공지 • Jul 30Telecom Egypt Company to Report Q2, 2024 Results on Aug 14, 2024Telecom Egypt Company announced that they will report Q2, 2024 results Pre-Market on Aug 14, 2024Major Estimate Revision • Jun 13Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ج.م7.41 to ج.م6.51 per share. Revenue forecast steady at ج.م65.1b. Net income forecast to grow 24% next year vs 12% growth forecast for Telecom industry in Egypt. Consensus price target broadly unchanged at ج.م46.58. Share price fell 4.9% to ج.م29.48 over the past week.New Risk • Jun 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: ج.م2.27 (vs ج.م2.23 in 1Q 2023)First quarter 2024 results: EPS: ج.م2.27 (up from ج.م2.23 in 1Q 2023). Revenue: ج.م17.5b (up 25% from 1Q 2023). Net income: ج.م3.88b (up 1.8% from 1Q 2023). Profit margin: 22% (down from 27% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.공지 • May 20Telecom Egypt Denies Receiving Offers to Sell Stake in Vodafone EgyptTelecom Egypt Company (CASE:ETEL) has denied receiving any official offers to sell stake in Vodafone Egypt Telecommunications S.A.E., as per a statement by the company on May 19th. Earlier on May 19th, it was reported that Telecom Egypt retracted from selling its stake in Vodafone Egypt, as it anticipates garnering profits of up to EGP 3 billion from this stake in 2024.공지 • May 17Telecom Egypt Company to Report Q1, 2024 Results on May 30, 2024Telecom Egypt Company announced that they will report Q1, 2024 results on May 30, 2024Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ج.م32.01, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Telecom industry globally. Total returns to shareholders of 245% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م35.90 per share.Declared Dividend • Apr 10Dividend increased to ج.م1.50Dividend of ج.م1.50 is 20% higher than last year. Ex-date: 22nd April 2024 Payment date: 24th April 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (204% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 127% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공지 • Apr 09Telecom Egypt Company Announces Dividend Distribution, Payable on 24 April 2024Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 21 April 2024, Dividend payment date: 24 April 2024.공지 • Mar 25Telecom Egypt Company, Annual General Meeting, Mar 26, 2024Telecom Egypt Company, Annual General Meeting, Mar 26, 2024, at 08:00 E. Europe Standard Time. Location: Telecom Egypt's headquarters located at smart village 28 km cairo alexandria desert road Giza Egypt Agenda: To consider the board of directors report on the company's activities during the financial year ended December 31,2023; to consider the auditors report on the financial statements for the financial year ended December 31,2023; to consider presentation of the corporate governance report for the year ended December 31,2023; to consider the company's financial statements for the financial year ended December 31, 2023; and to consider other issues.Reported Earnings • Mar 04Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ج.م5.70 (up from ج.م1.13 loss in FY 2022). Revenue: ج.م56.7b (up 28% from FY 2022). Net income: ج.م11.5b (up ج.م13.4b from FY 2022). Profit margin: 20% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings.공지 • Feb 21Telecom Egypt Company to Report Q4, 2023 Results on Mar 04, 2024Telecom Egypt Company announced that they will report Q4, 2023 results Pre-Market on Mar 04, 2024Price Target Changed • Feb 03Price target increased by 9.1% to ج.م44.09Up from ج.م40.43, the current price target is an average from 6 analysts. New target price is 19% above last closing price of ج.م37.00. Stock is up 42% over the past year. The company is forecast to post earnings per share of ج.م6.76 next year compared to a net loss per share of ج.م1.13 last year.공지 • Jan 18Telecom Egypt Secures the First 5G License in Egypt from The National Telecommunications Regulatory AuthorityThe National Telecommunications Regulatory Authority (NTRA) has granted Telecom Egypt the country's first license to install and operate fifth generation (5G) networks for mobile phones at a cost of USD 150 million. The 5G license will be valid for a 15-year period. Noting the importance of keeping up with world technology trends, Telecom Egypt took this step to expedite the nation's digitalization process and foster the expansion of various industries' advancements, which will ultimately benefit the entire economy and improve Egypt's international ranking in the ICT sector. 5G technology will provide lower latency, higher capacity, and increased bandwidth, which will improve the overall customer experience thanks to seamless connectivity, particularly during periods of usage spikes. Businesses will also be able to better analyze big amounts of data, helping them to improve their efficiency and scale up.공지 • Jan 09Telecom Egypt in Talks to Sell Nearly 90% of Tower PortfolioThe efforts of Telecom Egypt Company (CASE:ETEL) the majority state-owned integrated telecom operator, to sell close to 90% of its tower portfolio could strengthen its market position as cash generated through tower sales could finance new strategic investments, BMI reported in a research note. The potential deal set to close in the first quarter (January-March) of 2024 is estimated to be worth $250mn. The front-runners in the race to acquire the operator's assets are three tower companies: Helios Towers, IHS Towers and Mobi Tower. Upon a completed sale, BMI expects TE's free cash flow position to improve, supporting the operator's rollout of advanced connectivity, such as the offering of 5G services. The sale of towers is also likely to improve TE's quality of service, assisting growth in the total number of mobile phone subscribers, which BMI projects will increase from 103.3mn in 2023 to 129.1mn in 2032. TE is the smallest of four mobile phone operators in Egypt with 12.5mn subscribers in the third quarter (July-September) of 2023. To further support growth, especially towards rolling out 5G technology, TE is reportedly talking to tower companies about selling and leasing back 2,500 of its 2,800 towers.Price Target Changed • Dec 14Price target increased by 20% to ج.م40.43Up from ج.م33.68, the current price target is an average from 8 analysts. New target price is 10% above last closing price of ج.م36.70. Stock is up 55% over the past year. The company is forecast to post earnings per share of ج.م6.38 next year compared to a net loss per share of ج.م1.13 last year.공지 • Dec 05Telecom Egypt Company Provides Earnings Guidance for the Year 2024Telecom Egypt Company provided earnings guidance for the year 2024. For the year, the company expects Mid double-digit revenue growth.New Risk • Nov 19New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 74% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 204% Paying a dividend despite having no free cash flows. Minor Risks High level of debt (74% net debt to equity). Profit margins are more than 30% lower than last year (1.9% net profit margin).Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: ج.م1.44 (vs ج.م1.40 in 3Q 2022)Third quarter 2023 results: EPS: ج.م1.44 (up from ج.م1.40 in 3Q 2022). Revenue: ج.م13.8b (up 16% from 3Q 2022). Net income: ج.م2.45b (up 2.7% from 3Q 2022). Profit margin: 18% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.공지 • Nov 01Telecom Egypt Company to Report Q3, 2023 Results on Nov 14, 2023Telecom Egypt Company announced that they will report Q3, 2023 results Pre-Market on Nov 14, 2023New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 218% Paying a dividend despite having no free cash flows. Minor Risks High level of debt (74% net debt to equity). Profit margins are more than 30% lower than last year (1.9% net profit margin).Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ج.م1.69 (vs ج.م1.42 in 2Q 2022)Second quarter 2023 results: EPS: ج.م1.69 (up from ج.م1.42 in 2Q 2022). Revenue: ج.م14.2b (up 29% from 2Q 2022). Net income: ج.م2.88b (up 19% from 2Q 2022). Profit margin: 20% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.공지 • Aug 03Telecom Egypt Company to Report Q2, 2023 Results on Aug 14, 2023Telecom Egypt Company announced that they will report Q2, 2023 results Pre-Market on Aug 14, 2023Reported Earnings • May 31First quarter 2023 earnings released: EPS: ج.م2.23 (vs ج.م0.80 in 1Q 2022)First quarter 2023 results: EPS: ج.م2.23 (up from ج.م0.80 in 1Q 2022). Revenue: ج.م14.0b (up 48% from 1Q 2022). Net income: ج.م3.81b (up 179% from 1Q 2022). Profit margin: 27% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.공지 • May 22Telecom Egypt Company to Report Q1, 2023 Results on May 30, 2023Telecom Egypt Company announced that they will report Q1, 2023 results at 10:00 AM, Egypt Standard Time on May 30, 2023Upcoming Dividend • Apr 11Upcoming dividend of ج.م1.25 per share at 5.0% yieldEligible shareholders must have bought the stock before 18 April 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Egyptian dividend payers (8.0%). In line with average of industry peers (5.5%).Buying Opportunity • Mar 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be ج.م27.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings is also forecast to grow by 9.7% per annum over the same time period.Reported Earnings • Mar 07Full year 2022 earnings released: EPS: ج.م4.61 (vs ج.م4.34 in FY 2021)Full year 2022 results: EPS: ج.م4.61 (up from ج.م4.34 in FY 2021). Revenue: ج.م44.3b (up 19% from FY 2021). Net income: ج.م9.18b (up 24% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 33% per year.Price Target Changed • Feb 26Price target increased by 10% to ج.م31.91Up from ج.م28.90, the current price target is an average from 11 analysts. New target price is 22% above last closing price of ج.م26.06. Stock is up 50% over the past year. The company is forecast to post earnings per share of ج.م4.65 for next year compared to ج.م4.34 last year.공지 • Feb 16Telecom Egypt Company to Report Fiscal Year 2022 Results on Mar 06, 2023Telecom Egypt Company announced that they will report fiscal year 2022 results Pre-Market on Mar 06, 2023Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ج.م27.99, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Telecom industry in Africa. Total returns to shareholders of 136% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م22.91 per share.Price Target Changed • Nov 29Price target increased to ج.م27.36Up from ج.م24.55, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ج.م22.82. Stock is up 59% over the past year. The company is forecast to post earnings per share of ج.م4.54 for next year compared to ج.م4.34 last year.Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: ج.م1.40 (vs ج.م1.30 in 3Q 2021)Third quarter 2022 results: EPS: ج.م1.40 (up from ج.م1.30 in 3Q 2021). Revenue: ج.م11.9b (up 32% from 3Q 2021). Net income: ج.م2.39b (up 7.3% from 3Q 2021). Profit margin: 20% (down from 25% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Mohamed Sultan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.공지 • Nov 07Telecom Egypt Company to Report Q3, 2022 Results on Nov 14, 2022Telecom Egypt Company announced that they will report Q3, 2022 results Pre-Market on Nov 14, 2022Price Target Changed • Oct 25Price target increased to ج.م21.39Up from ج.م19.93, the current price target is an average from 7 analysts. New target price is 21% above last closing price of ج.م17.67. Stock is up 28% over the past year. The company is forecast to post earnings per share of ج.م4.58 for next year compared to ج.م4.34 last year.공지 • Oct 21QIA Reportedly in Talks to Invest $2.5 Billion in Vodafone Egypt TelecommunicationsQatar Investment Authority is in advanced talks to buy around $2.5 billion of state-held stakes in Egypt’s biggest mobile network operator and other companies, as the North African nation lines up funding to cope with the economic fallout of Russia’s invasion of Ukraine. Under the potential pact, which is expected to be finalized by the end of this year, Qatar Investment Authority would acquire 20% in Vodafone Egypt Telecommunications S.A.E. from Telecom Egypt Company (CASE:ETEL), according to people with knowledge of the matter. The people, who asked not to be named because the talks are confidential, didn’t identify the other firms, saying only that they weren’t listed on Egypt’s stock market. QIA and Telecom Egypt all declined to comment. Ayman Essam, Vodafone Egypt’s spokesperson, said it was “not officially aware of the deal” and declined to comment further.공지 • Oct 20Telecom Egypt Company Provides Revenue Guidance for the Year 2023Telecom Egypt Company provided revenue guidance for the year 2023. For the period, the company expects Early double digit revenue growth.공지 • Sep 15Qatar Investment Authority Reportedly Seeks to Purchase Up to 45% Strategic Stake in Vodafone EgyptAccording to media reports this week, the Qatar Investment Authority (QIA), the Gulf state's premier sovereign wealth fund, is seeking permission from Egypt's National Telecom Regulatory Authority to purchase up to 45% strategic stake in Vodafone Egypt, a subsidiary of the Vodafone Group Public Limited Company (LSE:VOD), owned by majority state-owned Telecom Egypt Company (CASE:ETEL), the fully integrated national telecom operator. Telecom Egypt's share in Vodafone Egypt has previously been estimated to be worth $2.5 billion. A previous deal with Saudi Arabia's Public Investment Fund fell through in 2020.Major Estimate Revision • Aug 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ج.م4.43 to ج.م4.99. Revenue forecast unchanged at ج.م41.5b. Net income forecast to grow 17% next year vs 6.5% growth forecast for Telecom industry in Egypt. Consensus price target of ج.م19.93 unchanged from last update. Share price was steady at ج.م15.22 over the past week.Buying Opportunity • Jul 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be ج.م17.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.Reported Earnings • Jun 05First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ج.م0.80 (down from ج.م1.24 in 1Q 2021). Revenue: ج.م9.42b (up 12% from 1Q 2021). Net income: ج.م1.37b (down 36% from 1Q 2021). Profit margin: 14% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) exceeded analyst estimates by 24%. Over the next year, revenue is forecast to grow 10%, compared to a 2.0% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공지 • May 26Telecom Egypt Company to Report Q1, 2022 Results on May 31, 2022Telecom Egypt Company announced that they will report Q1, 2022 results on May 31, 2022Price Target Changed • Apr 27Price target increased to ج.م20.27Up from ج.م18.85, the current price target is an average from 4 analysts. New target price is 28% above last closing price of ج.م15.83. Stock is up 46% over the past year. The company is forecast to post earnings per share of ج.م4.21 for next year compared to ج.م4.34 last year.Price Target Changed • Apr 23Price target increased to ج.م20.27Up from ج.م18.85, the current price target is an average from 4 analysts. New target price is 27% above last closing price of ج.م15.91. Stock is up 36% over the past year. The company is forecast to post earnings per share of ج.م4.21 for next year compared to ج.م4.34 last year.공지 • Apr 11Telecom Egypt Company Announces Distribution for the Year 2021, Payable 26th April 2022Telecom Egypt Company announced distribution of EGP 1 per share. Record date is 19th April 2022, Dividend payment date is 26th April 2022.공지 • Apr 01Telecom Egypt Appoints Majid Osman as ChairmanTelecom Egypt has appointed Majid Ibrahim Osman as the company's Chairman.공지 • Mar 07Telecom Egypt Company, Annual General Meeting, Mar 28, 2022Telecom Egypt Company, Annual General Meeting, Mar 28, 2022, at 08:00 E. Europe Standard Time. Location: Telecom Egypt's headquarters Smart Village, 28 km, Cairo-Alexandria desert road Giza Egypt Agenda: To consider and approve the Board of Directors report on the company's activities during the financial year ended December 31, 2021; to consider the Auditors' report on the financial statements for the financial year ended December 31, 2021; to consider the presentation of the corporate governance report and the auditors' report on the corporate governance report; to consider the ratification of company's financial statements for the year ended December 31, 2021; to approve change in board of directors; to approve proposed dividend for the year ended December 31, 2021; and to consider other matters.Reported Earnings • Mar 04Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ج.م4.34 (up from ج.م2.36 in FY 2020). Revenue: ج.م37.1b (up 16% from FY 2020). Net income: ج.م8.42b (up 109% from FY 2020). Profit margin: 23% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Over the next year, revenue is forecast to grow 2.0%, compared to a 3.0% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공지 • Feb 18Telecom Egypt Company to Report Fiscal Year 2021 Results on Mar 03, 2022Telecom Egypt Company announced that they will report fiscal year 2021 results Pre-Market on Mar 03, 2022공지 • Feb 15Telecom Egypt Company to Report Q4, 2021 Results on Feb 24, 2022Telecom Egypt Company announced that they will report Q4, 2021 results Pre-Market on Feb 24, 2022Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS ج.م1.30 (vs ج.م0.86 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ج.م9.01b (up 22% from 3Q 2020). Net income: ج.م2.23b (up 51% from 3Q 2020). Profit margin: 25% (up from 20% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.Price Target Changed • Sep 03Price target increased to ج.م18.68Up from ج.م17.25, the current price target is an average from 5 analysts. New target price is 25% above last closing price of ج.م14.98. Stock is up 7.1% over the past year.Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS ج.م1.02 (vs ج.م0.44 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ج.م8.97b (up 13% from 2Q 2020). Net income: ج.م1.75b (up 134% from 2Q 2020). Profit margin: 20% (up from 9.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jun 09Consensus EPS estimates increase to ج.م3.04The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ج.م33.3b to ج.م33.7b. EPS estimate increased from ج.م2.51 to ج.م3.04 per share. Net income forecast to grow 15% next year vs 15% growth forecast for Telecom industry in Egypt. Consensus price target up from ج.م17.25 to ج.م17.61. Share price rose 16% to ج.م13.19 over the past week.Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to ج.م13.19, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 19x in the Telecom industry globally. Total loss to shareholders of 3.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م13.22 per share.Reported Earnings • May 17First quarter 2021 earnings released: EPS ج.م1.24 (vs ج.م0.77 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ج.م8.40b (up 20% from 1Q 2020). Net income: ج.م2.12b (up 62% from 1Q 2020). Profit margin: 25% (up from 19% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Upcoming Dividend • Apr 19Upcoming dividend of ج.م0.75 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 6.6%. Lower than top quartile of Egyptian dividend payers (9.6%). Higher than average of industry peers (4.2%).공지 • Mar 08Telecom Egypt Company S.A.E., Annual General Meeting, Mar 29, 2021Telecom Egypt Company S.A.E., Annual General Meeting, Mar 29, 2021, at 08:00 E. Europe Standard Time. Location: Smart Village, K 28 Cairo-Alexandria Road Giza Egypt Agenda: To consider and approve the Board of Directors report on the company's activities during the financial year ended December 31, 2020; to consider the Auditors' report on the financial statements for the financial year ended December 31, 2020; to consider the presentation of the corporate governance report and the auditors' report on the corporate governance report; to consider the ratification of company's financial statements for the year ended December 31, 2020; to approve change in board of directors; to approve proposed dividend for the year ended December 31, 2020; and to consider other matters.Is New 90 Day High Low • Mar 03New 90-day low: ج.م11.26The company is down 12% from its price of ج.م12.76 on 03 December 2020. The Egyptian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م8.70 per share.Reported Earnings • Feb 26Full year 2020 earnings released: EPS ج.م2.36 (vs ج.م2.10 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ج.م31.9b (up 24% from FY 2019). Net income: ج.م4.02b (up 12% from FY 2019). Profit margin: 13% (down from 14% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Feb 26Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 3.3%, compared to a 6.5% growth forecast for the Telecom industry in Egypt.공지 • Feb 16Telecom Egypt Company S.A.E. to Report Fiscal Year 2020 Results on Feb 24, 2021Telecom Egypt Company S.A.E. announced that they will report fiscal year 2020 results at 9:00 AM, E. Europe Standard Time on Feb 24, 2021Is New 90 Day High Low • Feb 08New 90-day low: ج.م11.46The company is down 9.0% from its price of ج.م12.64 on 10 November 2020. The Egyptian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م9.54 per share.공지 • Jan 05Telecom Egypt Offers Google A TransEgypt Meshed SolutionTelecom Egypt signed an agreement with Google to provide Google with layer three meshed solution on multiple Telecom Egypt's redundant and resilient Egypt crossing network infrastructure. As part of the agreement, Google will also be provided capacity on Telecom Egypt's Mediterranean submarine cable, TE North. The project is expected to go live in the first half of 2021. This mesh project connects several cable landing stations in the Red and Mediterranean Seas over diverse routes and will increase the reliability of Google's international transit traffic, providing an elevated level of robustness. Telecom Egypt's network can reroute traffic as needed in less than 50 milliseconds, and will also offer high quality availability features with an SLA portal.Major Estimate Revision • Dec 24Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from ج.م1.93 to ج.م2.29. Revenue estimate for the same period was approximately flat at ج.م29.6b. Net income is expected to grow by 27% next year compared to 12% growth forecast for the Telecom industry in Egypt. The consensus price target was lowered from ج.م17.54 to ج.م17.41. Share price is down by 3.5% to ج.م11.64 over the past week.공지 • Dec 23Telecom Egypt and Orange Egypt Signs an Amendment to Their Mobile-To-Fixed Termination AgreementTelecom Egypt and Orange Egypt signed an amendment to their mobile-to-fixed termination agreement, and an annex to the current agreements extending to 2022 governing international voice services, with the aim of improving their commercial and service quality terms. Additionally, the companies signed another agreement to resolve some pending commercial disputes and develop mechanisms to avoid similar obstacles in the future. These steps come within the framework of the existing strategic cooperation between the two companies aimed at providing premium services to the Egyptian telecom market.Is New 90 Day High Low • Dec 21New 90-day low: ج.م11.51The company is down 2.0% from its price of ج.م11.79 on 22 September 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م21.75 per share.Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ج.م0.86The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ج.م7.40b (up 17% from 3Q 2019). Net income: ج.م1.47b (up 14% from 3Q 2019). Profit margin: 20% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Nov 17Revenue behind estimatesRevenue missed analyst estimates by 7.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 1.6%, compared to a 1.6% growth forecast for the Telecom industry in Egypt.공지 • Nov 04Telecom Egypt Company S.A.E. to Report Q3, 2020 Results on Nov 12, 2020Telecom Egypt Company S.A.E. announced that they will report Q3, 2020 results at 9:00 AM, Coordinated Universal Time on Nov 12, 2020공지 • Aug 06Telecom Egypt Company S.A.E. to Report Q2, 2020 Results on Aug 13, 2020Telecom Egypt Company S.A.E. announced that they will report Q2, 2020 results at 7:00 AM, Coordinated Universal Time on Aug 13, 2020지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: ETEL 의 배당금 지급은 지난 10 년 동안 휘발성이었습니다.배당금 증가: ETEL 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Telecom Egypt 배당 수익률 vs 시장ETEL의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (ETEL)1.6%시장 하위 25% (EG)1.4%시장 상위 25% (EG)6.1%업계 평균 (Telecom)4.8%분석가 예측 (ETEL) (최대 3년)3.7%주목할만한 배당금: ETEL 의 배당금( 1.55% )은 EG 시장에서 배당금 지급자의 하위 25%( 1.4% )보다 높습니다.고배당: ETEL 의 배당금( 1.55% )은 EG 시장에서 배당금 지급자의 상위 25%( 6.1% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 지급 비율 ( 15.5% )이 낮기 때문에 ETEL 의 배당금 지급은 수익으로 충분히 충당됩니다.주주 현금 배당현금 흐름 범위: 합리적으로 낮은 현금 지급 비율 ( 32% )로 ETEL 의 배당금 지급은 현금 흐름으로 잘 충당됩니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YEG 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/08 12:31종가2026/05/06 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Telecom Egypt Company는 18명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kais KriaaAlphaMenaZiad ItaniArqaam Capital Research Offshore S.A.L.John-Paul DavidsBarclays15명의 분석가 더 보기
공지 • Apr 08Telecom Egypt Company Announces Dividend Distribution,Payable on April 24, 2025Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 17 April 2025, Dividend payment date: 24 April 2025.
Declared Dividend • Apr 10Dividend increased to ج.م1.50Dividend of ج.م1.50 is 20% higher than last year. Ex-date: 22nd April 2024 Payment date: 24th April 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (204% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 127% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공지 • Apr 09Telecom Egypt Company Announces Dividend Distribution, Payable on 24 April 2024Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 21 April 2024, Dividend payment date: 24 April 2024.
Upcoming Dividend • Apr 11Upcoming dividend of ج.م1.25 per share at 5.0% yieldEligible shareholders must have bought the stock before 18 April 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Egyptian dividend payers (8.0%). In line with average of industry peers (5.5%).
공지 • Apr 11Telecom Egypt Company Announces Distribution for the Year 2021, Payable 26th April 2022Telecom Egypt Company announced distribution of EGP 1 per share. Record date is 19th April 2022, Dividend payment date is 26th April 2022.
Upcoming Dividend • Apr 19Upcoming dividend of ج.م0.75 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 6.6%. Lower than top quartile of Egyptian dividend payers (9.6%). Higher than average of industry peers (4.2%).
공지 • May 06Telecom Egypt Company to Report Q1, 2026 Results on May 21, 2026Telecom Egypt Company announced that they will report Q1, 2026 results Pre-Market on May 21, 2026
공지 • Feb 27Telecom Egypt Company, Annual General Meeting, Mar 30, 2026Telecom Egypt Company, Annual General Meeting, Mar 30, 2026, at 08:00 Egypt Standard Time. Location: giza Egypt
공지 • Feb 10Telecom Egypt Company to Report Fiscal Year 2025 Results on Feb 26, 2026Telecom Egypt Company announced that they will report fiscal year 2025 results Pre-Market on Feb 26, 2026
공지 • Jan 01Telecom Egypt Company Announces Leadership & Organizational ChangesTelecom Egypt announced an organizational transformation initiative approved by its Board of Directors. The transformation is designed to enhance the Company's strategic focus and operational agility while reinforcing its customer-centric approach. It includes structural realignments across key business functions and the appointment of new leadership roles to support the next phase of the Company's growth. The initiative aims to accelerate decision-making, strengthen execution, and ensure sustainable growth through clear accountability, optimized operations, and strategic leadership alignment. As part of the transformation, Telecom Egypt's commercial operations have been restructured into two focused business sectors - Consumer and Enterprise - to enable sharper strategic alignment and improved responsiveness to customer needs. The Consumer Sector now focuses on individual and home customers, driving growth through a streamlined portfolio and improved service models. The Enterprise Sector serves corporate, institutional, and government clients, delivering integrated communication and digital solutions that support Egypt's ongoing digital transformation. To ensure full alignment between commercial strategy and service delivery, the Customer Service function has also been realigned to operate within each sector through functionally and organizationally integrated units,establishing clear accountability for customer experience and service performance. Furthermore, the Board appointed Mr.Mohamed Eltouny as Chief Consumer Officer, responsible for leading the commercial strategy and operations of the Consumer Sector, with a focus on accelerating growth, improving commercial efficiency, and enhancing overall customer value and profitability. The Board also approved transferring Mr. Ramy Kato from Chief Customer Officer to Chief Enterprise Officer. In this role, he will lead Telecom Egypt's enterprise, corporate, and government business, driving expansion through strategic partnerships and advancing digital transformation initiatives in alignment with Egypt's Vision 2030 for a digitized economy. Recognizing the critical role of technology as an enabler of growth and innovation, the Board appointed Mr. Ahmed El-Fouly as Chief Information Officer. He will oversee the modernization and expansion of Telecom Egypt's information and digital infrastructure, advancing innovation, automation, and data-driven capabilities across all business functions. He will ensure that the Company's information systems remain fully aligned with its strategic objectives, enabling greater efficiency, resilience, and scalability. This appointment underscores Telecom Egypt's commitment to strengthening its digital foundations, fostering innovation, and delivering long-term value to customers and shareholders.
공지 • Dec 14Telecom Egypt Company Provides Financial Guidance for 2026Telecom Egypt Company announced that its Board of Directors has approved the 2026 budget with KPI guidance as follows: Revenue growth percentage expected in the high single digit.
공지 • Oct 30Telecom Egypt Company to Report Q3, 2025 Results on Nov 13, 2025Telecom Egypt Company announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025
공지 • Oct 02+ 1 more updateTelecom Egypt Company Announces CEO Changes, Effective 30 September 2025TelecomEgypt announced the appointment of Tamer El Mahdi as Chief Executive Officer (CEO), succeeding Mohamed Nasr, who has stepped down from his executive role and his membership on the Board of Directors. The Board approved the changes during today's meeting, effective 30 September 2025. As part of his new role, El Mahdi will oversee the process of appointing successors to these positions, ensuring operational continuity and supporting the company's strategic direction. El Mahdi's strong track record and wide-ranging expertise qualify him to lead Telecom Egypt into a new phase of growth and expansion, maximize the value of its assets and investments, and drive the company's ambitious strategy to strengthen its customer base and enhance service quality at both local and international levels, meeting the aspirations of our shareholders and customers alike. We wish him every success in his new role. Tamer El Mahdi was appointed to the Board of Directors as a representative of the Egyptian government in March 2025. With over 30 years of experience, El Mahdi has served as Founder and Chairman of Trade Globe and Terrawaves Networks since 2020, overseeing global operations in telecom consultancy, network design, and digital infrastructure development. His career spans executive leadership in multinational corporations and investment firms across various sectors, including telecommunications, digital transformation, fintech, real estate, mining, and non-banking financial services. From 2014 to 2019, he served as Group CEO of Orascom Telecom Media and Technology (OTMT), leading its strategic transformation and diversification across multiple industries and regions, including Europe, South Asia, and the Middle East. Prior to that, he was CEO of Orascom Telecom Algeria (Djezzy), Algeria's largest mobile operator, from 2008 to 2013. During his tenure at Orascom Telecom Holding, he held key leadership roles, including Group CTIO (2003-2008), where he managed multi-billion-dollar investments and launched mobile operations in Canada, Bangladesh, Iraq, and North Korea. Early in his career, El Mahdi held leadership positions at AT&T, managing large-scale telecom infrastructure projects across North Africa. A seasoned board member, he has served on the boards of Orascom Telecom, Beltone Financial Holding, Contact Financial Holding, and other prominent firms in Egypt and internationally. El Mahdi holds an MBA in International Business Administration from the Maastricht School of Management, a Master's in Project Management from George Washington University, a Master's in Electrical & Electronic Engineering from California State University, and a Bachelor's degree in the same field from Cairo University.
공지 • Jul 29Telecom Egypt Company to Report Q2, 2025 Results on Aug 14, 2025Telecom Egypt Company announced that they will report Q2, 2025 results Pre-Market on Aug 14, 2025
Board Change • May 14Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Mohamed Said Sultan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
공지 • Apr 29Telecom Egypt Company to Report Q1, 2025 Results on May 13, 2025Telecom Egypt Company announced that they will report Q1, 2025 results Pre-Market on May 13, 2025
공지 • Apr 08Telecom Egypt Company Announces Dividend Distribution,Payable on April 24, 2025Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 17 April 2025, Dividend payment date: 24 April 2025.
공지 • Feb 28Telecom Egypt Company, Annual General Meeting, Mar 25, 2025Telecom Egypt Company, Annual General Meeting, Mar 25, 2025, at 08:30 Egypt Standard Time. Location: giza Egypt
공지 • Feb 12Telecom Egypt Company to Report Fiscal Year 2024 Results on Feb 27, 2025Telecom Egypt Company announced that they will report fiscal year 2024 results at 1:00 PM, Egypt Standard Time on Feb 27, 2025
공지 • Dec 24Telecom Egypt Company Provides Earnings Guidance for the Year 2025Telecom Egypt Company provided earnings guidance for the year 2025. For the year, the company’s revenue growth percentage planned in the low twenties.
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: ج.م1.25 (vs ج.م1.44 in 3Q 2023)Third quarter 2024 results: EPS: ج.م1.25 (down from ج.م1.44 in 3Q 2023). Revenue: ج.م20.5b (up 48% from 3Q 2023). Net income: ج.م2.13b (down 13% from 3Q 2023). Profit margin: 10% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Oct 31Telecom Egypt Company to Report Q3, 2024 Results on Nov 14, 2024Telecom Egypt Company announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024
Buy Or Sell Opportunity • Oct 10Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to ج.م34.99. The fair value is estimated to be ج.م29.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
공지 • Sep 23Telecom Egypt Company(CASE:ETEL) dropped from FTSE All-World Index (USD)Telecom Egypt Company(CASE:ETEL) dropped from FTSE All-World Index (USD)
Buy Or Sell Opportunity • Sep 11Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 16% to ج.م35.00. The fair value is estimated to be ج.م29.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
Reported Earnings • Aug 18Second quarter 2024 earnings released: EPS: ج.م1.54 (vs ج.م1.69 in 2Q 2023)Second quarter 2024 results: EPS: ج.م1.54 (down from ج.م1.69 in 2Q 2023). Revenue: ج.م20.5b (up 44% from 2Q 2023). Net income: ج.م2.63b (down 8.8% from 2Q 2023). Profit margin: 13% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Jul 30Telecom Egypt Company to Report Q2, 2024 Results on Aug 14, 2024Telecom Egypt Company announced that they will report Q2, 2024 results Pre-Market on Aug 14, 2024
Major Estimate Revision • Jun 13Consensus EPS estimates fall by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ج.م7.41 to ج.م6.51 per share. Revenue forecast steady at ج.م65.1b. Net income forecast to grow 24% next year vs 12% growth forecast for Telecom industry in Egypt. Consensus price target broadly unchanged at ج.م46.58. Share price fell 4.9% to ج.م29.48 over the past week.
New Risk • Jun 04New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows.
Reported Earnings • Jun 04First quarter 2024 earnings released: EPS: ج.م2.27 (vs ج.م2.23 in 1Q 2023)First quarter 2024 results: EPS: ج.م2.27 (up from ج.م2.23 in 1Q 2023). Revenue: ج.م17.5b (up 25% from 1Q 2023). Net income: ج.م3.88b (up 1.8% from 1Q 2023). Profit margin: 22% (down from 27% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth.
공지 • May 20Telecom Egypt Denies Receiving Offers to Sell Stake in Vodafone EgyptTelecom Egypt Company (CASE:ETEL) has denied receiving any official offers to sell stake in Vodafone Egypt Telecommunications S.A.E., as per a statement by the company on May 19th. Earlier on May 19th, it was reported that Telecom Egypt retracted from selling its stake in Vodafone Egypt, as it anticipates garnering profits of up to EGP 3 billion from this stake in 2024.
공지 • May 17Telecom Egypt Company to Report Q1, 2024 Results on May 30, 2024Telecom Egypt Company announced that they will report Q1, 2024 results on May 30, 2024
Valuation Update With 7 Day Price Move • Apr 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ج.م32.01, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Telecom industry globally. Total returns to shareholders of 245% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م35.90 per share.
Declared Dividend • Apr 10Dividend increased to ج.م1.50Dividend of ج.م1.50 is 20% higher than last year. Ex-date: 22nd April 2024 Payment date: 24th April 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (204% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 127% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공지 • Apr 09Telecom Egypt Company Announces Dividend Distribution, Payable on 24 April 2024Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 21 April 2024, Dividend payment date: 24 April 2024.
공지 • Mar 25Telecom Egypt Company, Annual General Meeting, Mar 26, 2024Telecom Egypt Company, Annual General Meeting, Mar 26, 2024, at 08:00 E. Europe Standard Time. Location: Telecom Egypt's headquarters located at smart village 28 km cairo alexandria desert road Giza Egypt Agenda: To consider the board of directors report on the company's activities during the financial year ended December 31,2023; to consider the auditors report on the financial statements for the financial year ended December 31,2023; to consider presentation of the corporate governance report for the year ended December 31,2023; to consider the company's financial statements for the financial year ended December 31, 2023; and to consider other issues.
Reported Earnings • Mar 04Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: ج.م5.70 (up from ج.م1.13 loss in FY 2022). Revenue: ج.م56.7b (up 28% from FY 2022). Net income: ج.م11.5b (up ج.م13.4b from FY 2022). Profit margin: 20% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings.
공지 • Feb 21Telecom Egypt Company to Report Q4, 2023 Results on Mar 04, 2024Telecom Egypt Company announced that they will report Q4, 2023 results Pre-Market on Mar 04, 2024
Price Target Changed • Feb 03Price target increased by 9.1% to ج.م44.09Up from ج.م40.43, the current price target is an average from 6 analysts. New target price is 19% above last closing price of ج.م37.00. Stock is up 42% over the past year. The company is forecast to post earnings per share of ج.م6.76 next year compared to a net loss per share of ج.م1.13 last year.
공지 • Jan 18Telecom Egypt Secures the First 5G License in Egypt from The National Telecommunications Regulatory AuthorityThe National Telecommunications Regulatory Authority (NTRA) has granted Telecom Egypt the country's first license to install and operate fifth generation (5G) networks for mobile phones at a cost of USD 150 million. The 5G license will be valid for a 15-year period. Noting the importance of keeping up with world technology trends, Telecom Egypt took this step to expedite the nation's digitalization process and foster the expansion of various industries' advancements, which will ultimately benefit the entire economy and improve Egypt's international ranking in the ICT sector. 5G technology will provide lower latency, higher capacity, and increased bandwidth, which will improve the overall customer experience thanks to seamless connectivity, particularly during periods of usage spikes. Businesses will also be able to better analyze big amounts of data, helping them to improve their efficiency and scale up.
공지 • Jan 09Telecom Egypt in Talks to Sell Nearly 90% of Tower PortfolioThe efforts of Telecom Egypt Company (CASE:ETEL) the majority state-owned integrated telecom operator, to sell close to 90% of its tower portfolio could strengthen its market position as cash generated through tower sales could finance new strategic investments, BMI reported in a research note. The potential deal set to close in the first quarter (January-March) of 2024 is estimated to be worth $250mn. The front-runners in the race to acquire the operator's assets are three tower companies: Helios Towers, IHS Towers and Mobi Tower. Upon a completed sale, BMI expects TE's free cash flow position to improve, supporting the operator's rollout of advanced connectivity, such as the offering of 5G services. The sale of towers is also likely to improve TE's quality of service, assisting growth in the total number of mobile phone subscribers, which BMI projects will increase from 103.3mn in 2023 to 129.1mn in 2032. TE is the smallest of four mobile phone operators in Egypt with 12.5mn subscribers in the third quarter (July-September) of 2023. To further support growth, especially towards rolling out 5G technology, TE is reportedly talking to tower companies about selling and leasing back 2,500 of its 2,800 towers.
Price Target Changed • Dec 14Price target increased by 20% to ج.م40.43Up from ج.م33.68, the current price target is an average from 8 analysts. New target price is 10% above last closing price of ج.م36.70. Stock is up 55% over the past year. The company is forecast to post earnings per share of ج.م6.38 next year compared to a net loss per share of ج.م1.13 last year.
공지 • Dec 05Telecom Egypt Company Provides Earnings Guidance for the Year 2024Telecom Egypt Company provided earnings guidance for the year 2024. For the year, the company expects Mid double-digit revenue growth.
New Risk • Nov 19New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 74% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 204% Paying a dividend despite having no free cash flows. Minor Risks High level of debt (74% net debt to equity). Profit margins are more than 30% lower than last year (1.9% net profit margin).
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: ج.م1.44 (vs ج.م1.40 in 3Q 2022)Third quarter 2023 results: EPS: ج.م1.44 (up from ج.م1.40 in 3Q 2022). Revenue: ج.م13.8b (up 16% from 3Q 2022). Net income: ج.م2.45b (up 2.7% from 3Q 2022). Profit margin: 18% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.
공지 • Nov 01Telecom Egypt Company to Report Q3, 2023 Results on Nov 14, 2023Telecom Egypt Company announced that they will report Q3, 2023 results Pre-Market on Nov 14, 2023
New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 218% Paying a dividend despite having no free cash flows. Minor Risks High level of debt (74% net debt to equity). Profit margins are more than 30% lower than last year (1.9% net profit margin).
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: ج.م1.69 (vs ج.م1.42 in 2Q 2022)Second quarter 2023 results: EPS: ج.م1.69 (up from ج.م1.42 in 2Q 2022). Revenue: ج.م14.2b (up 29% from 2Q 2022). Net income: ج.م2.88b (up 19% from 2Q 2022). Profit margin: 20% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
공지 • Aug 03Telecom Egypt Company to Report Q2, 2023 Results on Aug 14, 2023Telecom Egypt Company announced that they will report Q2, 2023 results Pre-Market on Aug 14, 2023
Reported Earnings • May 31First quarter 2023 earnings released: EPS: ج.م2.23 (vs ج.م0.80 in 1Q 2022)First quarter 2023 results: EPS: ج.م2.23 (up from ج.م0.80 in 1Q 2022). Revenue: ج.م14.0b (up 48% from 1Q 2022). Net income: ج.م3.81b (up 179% from 1Q 2022). Profit margin: 27% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth.
공지 • May 22Telecom Egypt Company to Report Q1, 2023 Results on May 30, 2023Telecom Egypt Company announced that they will report Q1, 2023 results at 10:00 AM, Egypt Standard Time on May 30, 2023
Upcoming Dividend • Apr 11Upcoming dividend of ج.م1.25 per share at 5.0% yieldEligible shareholders must have bought the stock before 18 April 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Egyptian dividend payers (8.0%). In line with average of industry peers (5.5%).
Buying Opportunity • Mar 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 14%. The fair value is estimated to be ج.م27.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings is also forecast to grow by 9.7% per annum over the same time period.
Reported Earnings • Mar 07Full year 2022 earnings released: EPS: ج.م4.61 (vs ج.م4.34 in FY 2021)Full year 2022 results: EPS: ج.م4.61 (up from ج.م4.34 in FY 2021). Revenue: ج.م44.3b (up 19% from FY 2021). Net income: ج.م9.18b (up 24% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 33% per year.
Price Target Changed • Feb 26Price target increased by 10% to ج.م31.91Up from ج.م28.90, the current price target is an average from 11 analysts. New target price is 22% above last closing price of ج.م26.06. Stock is up 50% over the past year. The company is forecast to post earnings per share of ج.م4.65 for next year compared to ج.م4.34 last year.
공지 • Feb 16Telecom Egypt Company to Report Fiscal Year 2022 Results on Mar 06, 2023Telecom Egypt Company announced that they will report fiscal year 2022 results Pre-Market on Mar 06, 2023
Valuation Update With 7 Day Price Move • Jan 29Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ج.م27.99, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Telecom industry in Africa. Total returns to shareholders of 136% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م22.91 per share.
Price Target Changed • Nov 29Price target increased to ج.م27.36Up from ج.م24.55, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ج.م22.82. Stock is up 59% over the past year. The company is forecast to post earnings per share of ج.م4.54 for next year compared to ج.م4.34 last year.
Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: ج.م1.40 (vs ج.م1.30 in 3Q 2021)Third quarter 2022 results: EPS: ج.م1.40 (up from ج.م1.30 in 3Q 2021). Revenue: ج.م11.9b (up 32% from 3Q 2021). Net income: ج.م2.39b (up 7.3% from 3Q 2021). Profit margin: 20% (down from 25% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Mohamed Sultan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
공지 • Nov 07Telecom Egypt Company to Report Q3, 2022 Results on Nov 14, 2022Telecom Egypt Company announced that they will report Q3, 2022 results Pre-Market on Nov 14, 2022
Price Target Changed • Oct 25Price target increased to ج.م21.39Up from ج.م19.93, the current price target is an average from 7 analysts. New target price is 21% above last closing price of ج.م17.67. Stock is up 28% over the past year. The company is forecast to post earnings per share of ج.م4.58 for next year compared to ج.م4.34 last year.
공지 • Oct 21QIA Reportedly in Talks to Invest $2.5 Billion in Vodafone Egypt TelecommunicationsQatar Investment Authority is in advanced talks to buy around $2.5 billion of state-held stakes in Egypt’s biggest mobile network operator and other companies, as the North African nation lines up funding to cope with the economic fallout of Russia’s invasion of Ukraine. Under the potential pact, which is expected to be finalized by the end of this year, Qatar Investment Authority would acquire 20% in Vodafone Egypt Telecommunications S.A.E. from Telecom Egypt Company (CASE:ETEL), according to people with knowledge of the matter. The people, who asked not to be named because the talks are confidential, didn’t identify the other firms, saying only that they weren’t listed on Egypt’s stock market. QIA and Telecom Egypt all declined to comment. Ayman Essam, Vodafone Egypt’s spokesperson, said it was “not officially aware of the deal” and declined to comment further.
공지 • Oct 20Telecom Egypt Company Provides Revenue Guidance for the Year 2023Telecom Egypt Company provided revenue guidance for the year 2023. For the period, the company expects Early double digit revenue growth.
공지 • Sep 15Qatar Investment Authority Reportedly Seeks to Purchase Up to 45% Strategic Stake in Vodafone EgyptAccording to media reports this week, the Qatar Investment Authority (QIA), the Gulf state's premier sovereign wealth fund, is seeking permission from Egypt's National Telecom Regulatory Authority to purchase up to 45% strategic stake in Vodafone Egypt, a subsidiary of the Vodafone Group Public Limited Company (LSE:VOD), owned by majority state-owned Telecom Egypt Company (CASE:ETEL), the fully integrated national telecom operator. Telecom Egypt's share in Vodafone Egypt has previously been estimated to be worth $2.5 billion. A previous deal with Saudi Arabia's Public Investment Fund fell through in 2020.
Major Estimate Revision • Aug 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ج.م4.43 to ج.م4.99. Revenue forecast unchanged at ج.م41.5b. Net income forecast to grow 17% next year vs 6.5% growth forecast for Telecom industry in Egypt. Consensus price target of ج.م19.93 unchanged from last update. Share price was steady at ج.م15.22 over the past week.
Buying Opportunity • Jul 03Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 21%. The fair value is estimated to be ج.م17.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.
Reported Earnings • Jun 05First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: ج.م0.80 (down from ج.م1.24 in 1Q 2021). Revenue: ج.م9.42b (up 12% from 1Q 2021). Net income: ج.م1.37b (down 36% from 1Q 2021). Profit margin: 14% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) exceeded analyst estimates by 24%. Over the next year, revenue is forecast to grow 10%, compared to a 2.0% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공지 • May 26Telecom Egypt Company to Report Q1, 2022 Results on May 31, 2022Telecom Egypt Company announced that they will report Q1, 2022 results on May 31, 2022
Price Target Changed • Apr 27Price target increased to ج.م20.27Up from ج.م18.85, the current price target is an average from 4 analysts. New target price is 28% above last closing price of ج.م15.83. Stock is up 46% over the past year. The company is forecast to post earnings per share of ج.م4.21 for next year compared to ج.م4.34 last year.
Price Target Changed • Apr 23Price target increased to ج.م20.27Up from ج.م18.85, the current price target is an average from 4 analysts. New target price is 27% above last closing price of ج.م15.91. Stock is up 36% over the past year. The company is forecast to post earnings per share of ج.م4.21 for next year compared to ج.م4.34 last year.
공지 • Apr 11Telecom Egypt Company Announces Distribution for the Year 2021, Payable 26th April 2022Telecom Egypt Company announced distribution of EGP 1 per share. Record date is 19th April 2022, Dividend payment date is 26th April 2022.
공지 • Apr 01Telecom Egypt Appoints Majid Osman as ChairmanTelecom Egypt has appointed Majid Ibrahim Osman as the company's Chairman.
공지 • Mar 07Telecom Egypt Company, Annual General Meeting, Mar 28, 2022Telecom Egypt Company, Annual General Meeting, Mar 28, 2022, at 08:00 E. Europe Standard Time. Location: Telecom Egypt's headquarters Smart Village, 28 km, Cairo-Alexandria desert road Giza Egypt Agenda: To consider and approve the Board of Directors report on the company's activities during the financial year ended December 31, 2021; to consider the Auditors' report on the financial statements for the financial year ended December 31, 2021; to consider the presentation of the corporate governance report and the auditors' report on the corporate governance report; to consider the ratification of company's financial statements for the year ended December 31, 2021; to approve change in board of directors; to approve proposed dividend for the year ended December 31, 2021; and to consider other matters.
Reported Earnings • Mar 04Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ج.م4.34 (up from ج.م2.36 in FY 2020). Revenue: ج.م37.1b (up 16% from FY 2020). Net income: ج.م8.42b (up 109% from FY 2020). Profit margin: 23% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Over the next year, revenue is forecast to grow 2.0%, compared to a 3.0% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공지 • Feb 18Telecom Egypt Company to Report Fiscal Year 2021 Results on Mar 03, 2022Telecom Egypt Company announced that they will report fiscal year 2021 results Pre-Market on Mar 03, 2022
공지 • Feb 15Telecom Egypt Company to Report Q4, 2021 Results on Feb 24, 2022Telecom Egypt Company announced that they will report Q4, 2021 results Pre-Market on Feb 24, 2022
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS ج.م1.30 (vs ج.م0.86 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ج.م9.01b (up 22% from 3Q 2020). Net income: ج.م2.23b (up 51% from 3Q 2020). Profit margin: 25% (up from 20% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
Price Target Changed • Sep 03Price target increased to ج.م18.68Up from ج.م17.25, the current price target is an average from 5 analysts. New target price is 25% above last closing price of ج.م14.98. Stock is up 7.1% over the past year.
Reported Earnings • Aug 12Second quarter 2021 earnings released: EPS ج.م1.02 (vs ج.م0.44 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ج.م8.97b (up 13% from 2Q 2020). Net income: ج.م1.75b (up 134% from 2Q 2020). Profit margin: 20% (up from 9.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jun 09Consensus EPS estimates increase to ج.م3.04The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ج.م33.3b to ج.م33.7b. EPS estimate increased from ج.م2.51 to ج.م3.04 per share. Net income forecast to grow 15% next year vs 15% growth forecast for Telecom industry in Egypt. Consensus price target up from ج.م17.25 to ج.م17.61. Share price rose 16% to ج.م13.19 over the past week.
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 16% share price gain to ج.م13.19, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 19x in the Telecom industry globally. Total loss to shareholders of 3.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م13.22 per share.
Reported Earnings • May 17First quarter 2021 earnings released: EPS ج.م1.24 (vs ج.م0.77 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ج.م8.40b (up 20% from 1Q 2020). Net income: ج.م2.12b (up 62% from 1Q 2020). Profit margin: 25% (up from 19% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Apr 19Upcoming dividend of ج.م0.75 per shareEligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 6.6%. Lower than top quartile of Egyptian dividend payers (9.6%). Higher than average of industry peers (4.2%).
공지 • Mar 08Telecom Egypt Company S.A.E., Annual General Meeting, Mar 29, 2021Telecom Egypt Company S.A.E., Annual General Meeting, Mar 29, 2021, at 08:00 E. Europe Standard Time. Location: Smart Village, K 28 Cairo-Alexandria Road Giza Egypt Agenda: To consider and approve the Board of Directors report on the company's activities during the financial year ended December 31, 2020; to consider the Auditors' report on the financial statements for the financial year ended December 31, 2020; to consider the presentation of the corporate governance report and the auditors' report on the corporate governance report; to consider the ratification of company's financial statements for the year ended December 31, 2020; to approve change in board of directors; to approve proposed dividend for the year ended December 31, 2020; and to consider other matters.
Is New 90 Day High Low • Mar 03New 90-day low: ج.م11.26The company is down 12% from its price of ج.م12.76 on 03 December 2020. The Egyptian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م8.70 per share.
Reported Earnings • Feb 26Full year 2020 earnings released: EPS ج.م2.36 (vs ج.م2.10 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ج.م31.9b (up 24% from FY 2019). Net income: ج.م4.02b (up 12% from FY 2019). Profit margin: 13% (down from 14% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Feb 26Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 3.3%, compared to a 6.5% growth forecast for the Telecom industry in Egypt.
공지 • Feb 16Telecom Egypt Company S.A.E. to Report Fiscal Year 2020 Results on Feb 24, 2021Telecom Egypt Company S.A.E. announced that they will report fiscal year 2020 results at 9:00 AM, E. Europe Standard Time on Feb 24, 2021
Is New 90 Day High Low • Feb 08New 90-day low: ج.م11.46The company is down 9.0% from its price of ج.م12.64 on 10 November 2020. The Egyptian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م9.54 per share.
공지 • Jan 05Telecom Egypt Offers Google A TransEgypt Meshed SolutionTelecom Egypt signed an agreement with Google to provide Google with layer three meshed solution on multiple Telecom Egypt's redundant and resilient Egypt crossing network infrastructure. As part of the agreement, Google will also be provided capacity on Telecom Egypt's Mediterranean submarine cable, TE North. The project is expected to go live in the first half of 2021. This mesh project connects several cable landing stations in the Red and Mediterranean Seas over diverse routes and will increase the reliability of Google's international transit traffic, providing an elevated level of robustness. Telecom Egypt's network can reroute traffic as needed in less than 50 milliseconds, and will also offer high quality availability features with an SLA portal.
Major Estimate Revision • Dec 24Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate increased from ج.م1.93 to ج.م2.29. Revenue estimate for the same period was approximately flat at ج.م29.6b. Net income is expected to grow by 27% next year compared to 12% growth forecast for the Telecom industry in Egypt. The consensus price target was lowered from ج.م17.54 to ج.م17.41. Share price is down by 3.5% to ج.م11.64 over the past week.
공지 • Dec 23Telecom Egypt and Orange Egypt Signs an Amendment to Their Mobile-To-Fixed Termination AgreementTelecom Egypt and Orange Egypt signed an amendment to their mobile-to-fixed termination agreement, and an annex to the current agreements extending to 2022 governing international voice services, with the aim of improving their commercial and service quality terms. Additionally, the companies signed another agreement to resolve some pending commercial disputes and develop mechanisms to avoid similar obstacles in the future. These steps come within the framework of the existing strategic cooperation between the two companies aimed at providing premium services to the Egyptian telecom market.
Is New 90 Day High Low • Dec 21New 90-day low: ج.م11.51The company is down 2.0% from its price of ج.م11.79 on 22 September 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م21.75 per share.
Reported Earnings • Nov 17Third quarter 2020 earnings released: EPS ج.م0.86The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ج.م7.40b (up 17% from 3Q 2019). Net income: ج.م1.47b (up 14% from 3Q 2019). Profit margin: 20% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Nov 17Revenue behind estimatesRevenue missed analyst estimates by 7.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 1.6%, compared to a 1.6% growth forecast for the Telecom industry in Egypt.
공지 • Nov 04Telecom Egypt Company S.A.E. to Report Q3, 2020 Results on Nov 12, 2020Telecom Egypt Company S.A.E. announced that they will report Q3, 2020 results at 9:00 AM, Coordinated Universal Time on Nov 12, 2020
공지 • Aug 06Telecom Egypt Company S.A.E. to Report Q2, 2020 Results on Aug 13, 2020Telecom Egypt Company S.A.E. announced that they will report Q2, 2020 results at 7:00 AM, Coordinated Universal Time on Aug 13, 2020