B Communications' (TLV:BCOM) Soft Earnings Are Actually Better Than They Appear
Nov 24
Israeli (TA) Telecom Sector Analysis
UpdatedDec 01, 2022
DataAggregated Company Financials
Companies11
- 7D0.1%
- 3M5.8%
- 1Y35.0%
- YTD16.5%
In the last week, Telecom has been flat. As for the the longer term, the industry is up 38% over the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.
Sector Valuation and Performance
Has the Israeli Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 01 Dec 2022 | ₪23.2b | ₪23.4b | ₪1.2b | 16.1x | 19.1x | 1x |
| Sat, 29 Oct 2022 | ₪22.0b | ₪23.0b | ₪1.1b | 17.1x | 19.3x | 1x |
| Mon, 26 Sep 2022 | ₪22.4b | ₪23.0b | ₪1.1b | 17.4x | 19.7x | 1x |
| Wed, 24 Aug 2022 | ₪22.2b | ₪23.0b | ₪1.2b | 15.2x | 18x | 1x |
| Fri, 22 Jul 2022 | ₪21.3b | ₪22.9b | ₪1.2b | 14.9x | 18.3x | 0.9x |
| Sun, 19 Jun 2022 | ₪18.4b | ₪22.9b | ₪1.2b | 12.9x | 15.8x | 0.8x |
| Tue, 17 May 2022 | ₪18.9b | ₪22.8b | ₪1.3b | 11.5x | 14.6x | 0.8x |
| Thu, 14 Apr 2022 | ₪20.7b | ₪22.8b | ₪1.3b | 12.7x | 15.9x | 0.9x |
| Sat, 12 Mar 2022 | ₪20.0b | ₪22.6b | ₪1.3b | 9.9x | 15.2x | 0.9x |
| Mon, 07 Feb 2022 | ₪20.5b | ₪22.6b | ₪1.3b | 10.1x | 15.6x | 0.9x |
| Wed, 05 Jan 2022 | ₪20.1b | ₪22.6b | ₪1.3b | 10.1x | 15.2x | 0.9x |
| Fri, 03 Dec 2021 | ₪4.6b | ₪13.9b | ₪123.0m | 7.5x | 37.7x | 0.3x |
| Sun, 31 Oct 2021 | ₪4.0b | ₪13.8b | ₪57.3m | 7.2x | 69.4x | 0.3x |
| Tue, 28 Sep 2021 | ₪3.5b | ₪13.8b | ₪56.4m | 7.1x | 62.4x | 0.3x |
| Thu, 26 Aug 2021 | ₪3.2b | ₪5.0b | -₪142,019,510.20 | 15.6x | -22.7x | 0.7x |
| Fri, 02 Jul 2021 | ₪3.4b | ₪5.0b | -₪142,019,510.20 | 15x | -23.7x | 0.7x |
| Mon, 05 Apr 2021 | ₪3.0b | ₪4.9b | -₪187,756,000.00 | 17x | -16.2x | 0.6x |
| Thu, 07 Jan 2021 | ₪3.4b | ₪4.7b | -₪285,820,963.20 | 19x | -11.9x | 0.7x |
| Wed, 30 Sep 2020 | ₪2.9b | ₪4.6b | -₪319,231,707.70 | 31.9x | -9x | 0.6x |
| Sat, 04 Jul 2020 | ₪2.7b | ₪4.7b | -₪278,283,109.00 | 5.9x | -9.6x | 0.6x |
| Tue, 07 Apr 2020 | ₪2.0b | ₪4.8b | -₪279,069,191.10 | 6.3x | -7.2x | 0.4x |
| Fri, 10 Jan 2020 | ₪2.2b | ₪4.9b | -₪260,343,578.30 | 14.3x | -8.6x | 0.5x |
Price to Earnings Ratio
-10.1x
Current Industry PE
- Investors are optimistic on the Israeli Communication Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 19.0x which is higher than its 3-year average PE of 4.1x.
- The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
- Total earnings for the Communication Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 69% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Israeli Telecom sector?
| IL Market | -1.30% | |
| Telecom | 0.10% | |
| Entertainment | 1.08% | |
| Wireless Telecom | 0.53% | |
| Telecom Services and Carriers | 0.046% | |
| Interactive Media and Services | -4.65% | |
| Media | -7.83% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Wireless Telecom industry, expecting annual earnings growth of 23% over the next 5 years.
- In contrast, the Telecom Services and Carriers industry is expected to see its earnings grow by 8.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BEZQ Bezeq The Israel Telecommunication | ₪6.30 | 0.2% +₪36.0m | 38.2% | PE16x | |
| CEL Cellcom Israel | ₪19.12 | 0.5% +₪16.3m | 30.2% | PE24.2x | |
| BUFT Buff Technologies | ₪43.07 | 7.6% +₪7.0m | -48.0% | n/a | |
| CNZN Canzon Israel | ₪5.30 | 8.9% +₪1.8m | 3.2% | PB2.1x |