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
Sun, 28 Jul 2024	€148.9b	€131.1b	€5.4b	27.1x	27.7x	1.1x
Tue, 25 Jun 2024	€143.4b	€131.1b	€5.4b	26x	26.7x	1.1x
Thu, 23 May 2024	€139.1b	€131.1b	€5.4b	24.8x	25.9x	1.1x
Sat, 20 Apr 2024	€133.5b	€131.0b	€5.1b	25.4x	26.3x	1x
Mon, 18 Mar 2024	€138.1b	€130.9b	€5.1b	25.6x	27x	1.1x
Wed, 14 Feb 2024	€140.4b	€131.2b	€7.0b	18.4x	20.1x	1.1x
Fri, 12 Jan 2024	€173.8b	€133.3b	€7.8b	27.8x	22.4x	1.3x
Sun, 10 Dec 2023	€174.5b	€133.4b	€7.8b	27.9x	22.5x	1.3x
Tue, 07 Nov 2023	€165.8b	€134.7b	€7.3b	20.5x	22.6x	1.2x
Thu, 05 Oct 2023	€158.4b	€134.7b	€7.3b	19.8x	21.6x	1.2x
Sat, 02 Sep 2023	€156.9b	€134.7b	€7.3b	21x	21.4x	1.2x
Mon, 31 Jul 2023	€158.9b	€135.2b	€7.2b	31.6x	22.1x	1.2x
Wed, 28 Jun 2023	€157.7b	€135.2b	€7.2b	33.2x	22x	1.2x
Fri, 26 May 2023	€168.4b	€135.2b	€7.1b	34.9x	23.8x	1.2x
Sun, 23 Apr 2023	€140.0b	€132.7b	€8.5b	17.8x	16.4x	1.1x
Tue, 21 Mar 2023	€138.0b	€132.6b	€8.5b	16.8x	16.1x	1x
Thu, 16 Feb 2023	€131.3b	€132.6b	€8.2b	14x	15.9x	1x
Sat, 14 Jan 2023	€129.4b	€132.6b	€8.2b	13.9x	15.7x	1x
Mon, 12 Dec 2022	€123.3b	€132.5b	€8.2b	13.2x	15x	0.9x
Wed, 09 Nov 2022	€122.6b	€130.0b	€7.9b	14.4x	15.6x	0.9x
Fri, 07 Oct 2022	€111.3b	€130.0b	€7.9b	13x	14.1x	0.9x
Sun, 04 Sep 2022	€119.4b	€130.0b	€7.9b	13.9x	15.2x	0.9x
Tue, 02 Aug 2022	€120.1b	€128.3b	€8.3b	20.9x	14.5x	0.9x
Thu, 30 Jun 2022	€122.2b	€128.2b	€8.2b	21.5x	14.9x	1x
Sat, 28 May 2022	€124.5b	€128.0b	€8.1b	19x	15.5x	1x
Mon, 25 Apr 2022	€116.0b	€126.3b	€5.1b	21.1x	22.9x	0.9x
Wed, 23 Mar 2022	€113.1b	€126.3b	€5.1b	28.6x	22.3x	0.9x
Fri, 18 Feb 2022	€111.4b	€124.8b	€6.2b	32.1x	18.1x	0.9x
Sun, 16 Jan 2022	€105.4b	€124.8b	€6.2b	41.7x	17.1x	0.8x
Tue, 14 Dec 2021	€104.9b	€124.7b	€6.3b	20.3x	16.6x	0.8x
Thu, 11 Nov 2021	€108.6b	€123.9b	€6.1b	20.4x	17.7x	0.9x
Sat, 09 Oct 2021	€107.3b	€123.8b	€6.1b	20.5x	17.6x	0.9x
Mon, 06 Sep 2021	€115.0b	€124.0b	€6.1b	21.1x	18.8x	0.9x
Wed, 04 Aug 2021	€111.2b	€124.0b	€6.1b	19.6x	18.2x	0.9x

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 27.7x which is higher than its 3-year average PE of 19.7x.

The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.1x.

Past Earnings Growth

The earnings for companies in the Telecom industry have declined 4.2% per year over the last three years.
Meanwhile revenues have remained mostly flat.
This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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


DE Market	0.70%
Telecom	-0.046%
Telecom Services and Carriers	0.28%
Integrated Telecom Services	0.28%
Alternative Carriers	-1.68%

Industry PE

Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 19.6x.

Analysts are expecting annual earnings growth of 21.3%, which is higher than its past year's earnings decline of 18.0% per year.

Forecasted Growth

Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 76% over the next 5 years.

In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 21% per year over the next few years.

Company	Last Price	7D	1Y	Valuation
DTE Deutsche Telekom	€24.24	0.2% +€207.1m	21.8%	PE27.1x
VTWR Vantage Towers	€37.80	0.8% +€151.7m	11.2%	PE40.4x
O2D Telefónica Deutschland Holding	€2.17	0.5% +€29.7m	n/a	PE23.6x

Company

Last Price

Valuation

DTE Deutsche Telekom

€24.24

0.2%
+€207.1m

21.8%

PE27.1x

VTWR Vantage Towers

€37.80

0.8%
+€151.7m

11.2%