German (DAX) Telecom Services and Carriers Industry Analysis

Industry Valuation and Performance

Has the German Telecom Services and Carriers Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 05 Dec 2023	€172.8b	€133.4b	€7.8b	27.8x	22.3x	1.3x
Thu, 02 Nov 2023	€161.1b	€134.7b	€7.3b	19.2x	22x	1.2x
Sat, 30 Sep 2023	€158.1b	€134.7b	€7.3b	20.3x	21.6x	1.2x
Mon, 28 Aug 2023	€154.1b	€134.7b	€7.3b	20.4x	21x	1.1x
Wed, 26 Jul 2023	€158.1b	€135.2b	€7.2b	31.1x	22x	1.2x
Fri, 23 Jun 2023	€156.3b	€135.2b	€7.2b	32.3x	21.8x	1.2x
Sun, 21 May 2023	€169.2b	€135.1b	€7.1b	34.9x	23.8x	1.3x
Tue, 18 Apr 2023	€139.9b	€132.7b	€8.5b	18.4x	16.4x	1.1x
Thu, 16 Mar 2023	€137.0b	€132.6b	€8.5b	16.5x	16x	1x
Sat, 11 Feb 2023	€129.5b	€132.6b	€8.2b	13.7x	15.7x	1x
Mon, 09 Jan 2023	€126.2b	€132.6b	€8.2b	13.5x	15.3x	1x
Wed, 07 Dec 2022	€123.7b	€132.5b	€8.2b	13.2x	15.1x	0.9x
Fri, 04 Nov 2022	€121.5b	€130.0b	€7.9b	14.3x	15.4x	0.9x
Sun, 02 Oct 2022	€110.1b	€130.0b	€7.9b	12.8x	14x	0.8x
Tue, 30 Aug 2022	€119.4b	€130.0b	€7.9b	13.8x	15.2x	0.9x
Thu, 28 Jul 2022	€119.5b	€128.2b	€8.2b	20.5x	14.6x	0.9x
Sat, 25 Jun 2022	€121.1b	€128.2b	€8.2b	21.5x	14.7x	0.9x
Mon, 23 May 2022	€119.5b	€128.0b	€8.1b	19.4x	14.8x	0.9x
Wed, 20 Apr 2022	€116.3b	€126.3b	€5.1b	20.8x	23x	0.9x
Fri, 18 Mar 2022	€113.0b	€126.2b	€5.0b	28.1x	22.4x	0.9x
Sun, 13 Feb 2022	€113.9b	€124.8b	€6.2b	35.4x	18.5x	0.9x
Tue, 11 Jan 2022	€103.5b	€124.8b	€6.2b	39.9x	16.8x	0.8x
Thu, 09 Dec 2021	€105.1b	€124.7b	€6.3b	20.8x	16.6x	0.8x
Sat, 06 Nov 2021	€107.4b	€123.8b	€6.1b	21.6x	17.6x	0.9x
Mon, 04 Oct 2021	€110.6b	€123.8b	€6.1b	20.7x	18.1x	0.9x
Wed, 01 Sep 2021	€115.9b	€124.0b	€6.1b	21x	19x	0.9x
Thu, 08 Jul 2021	€111.7b	€124.0b	€6.1b	19.8x	18.3x	0.9x
Wed, 31 Mar 2021	€107.8b	€124.3b	€5.0b	19.5x	21.5x	0.9x
Sat, 02 Jan 2021	€84.4b	€117.2b	€4.8b	18.8x	17.6x	0.7x

Current Industry PE

Investors are optimistic on the German Telecom industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 22.3x which is higher than its 3-year average PE of 18.4x.

The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.3x.

Past Earnings Growth

The earnings for companies in the Telecom industry have grown 26% per year over the last three years.
Revenues for these companies have grown 6.4% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the German Telecom industry?


DE Market	1.41%
Telecom	0.91%
Telecom Services and Carriers	0.92%
Integrated Telecom Services	0.92%
Alternative Carriers	-4.68%

Industry PE

Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 18.3x.

Analysts are expecting annual earnings growth of 9.3%, which is lower than the prior year's growth of 32.6% per year.

Forecasted Growth

Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 108% over the next 5 years.

In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 9.3% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
DTE Deutsche Telekom	€22.35	1.8% +€2.0b	14.5%	PE18.5x
VTWR Vantage Towers	€36.78	0.4% +€80.9m	n/a	PE39.3x
TLIK TELES Informationstechnologien	€1.46	5.0% +€436.3k	-66.0%	PS0.2x

Company

Last Price

Valuation

DTE Deutsche Telekom

€22.35

1.8%
+€2.0b

14.5%

PE18.5x

VTWR Vantage Towers

€36.78

0.4%
+€80.9m

n/a