ENXTBR:TNET

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Telenet Group Holding

Executive Summary

Telenet Group Holding NV provides basic and enhanced video services to residential and business customers in Belgium and Luxembourg.


Snowflake Analysis

Solid track record, good value and pays a dividend.


Similar Companies

Share Price & News

How has Telenet Group Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TNET has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.0%

TNET

2.6%

BE Media

3.0%

BE Market


1 Year Return

-25.3%

TNET

-24.7%

BE Media

-20.1%

BE Market

Return vs Industry: TNET matched the Belgian Media industry which returned -24.7% over the past year.

Return vs Market: TNET underperformed the Belgian Market which returned -20.1% over the past year.


Shareholder returns

TNETIndustryMarket
7 Day8.0%2.6%3.0%
30 Day-8.2%5.0%-1.3%
90 Day0.5%13.7%13.8%
1 Year-22.7%-25.3%-23.1%-24.7%-18.8%-20.1%
3 Year-33.0%-40.4%-35.5%-42.9%-24.0%-28.6%
5 Year-22.8%-31.3%-34.2%-46.4%-13.1%-22.5%

Price Volatility Vs. Market

How volatile is Telenet Group Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Telenet Group Holding undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TNET (€33.9) is trading below our estimate of fair value (€100.02)

Significantly Below Fair Value: TNET is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TNET is good value based on its PE Ratio (10.2x) compared to the XE Media industry average (13.3x).

PE vs Market: TNET is good value based on its PE Ratio (10.2x) compared to the Belgian market (13.9x).


Price to Earnings Growth Ratio

PEG Ratio: TNET is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: TNET has negative assets, so we can't compare its PB Ratio to the XE Media industry average.


Next Steps

Future Growth

How is Telenet Group Holding forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TNET's forecast earnings growth (6.9% per year) is above the savings rate (1.6%).

Earnings vs Market: TNET's earnings (6.9% per year) are forecast to grow slower than the Belgian market (26.1% per year).

High Growth Earnings: TNET's earnings are forecast to grow, but not significantly.

Revenue vs Market: TNET's revenue (1.3% per year) is forecast to grow slower than the Belgian market (5.4% per year).

High Growth Revenue: TNET's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TNET's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Telenet Group Holding performed over the past 5 years?

22.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TNET has high quality earnings.

Growing Profit Margin: TNET's current net profit margins (14%) are higher than last year (7.8%).


Past Earnings Growth Analysis

Earnings Trend: TNET's earnings have grown significantly by 22.5% per year over the past 5 years.

Accelerating Growth: TNET's earnings growth over the past year (83.8%) exceeds its 5-year average (22.5% per year).

Earnings vs Industry: TNET earnings growth over the past year (83.8%) exceeded the Media industry -6.2%.


Return on Equity

High ROE: TNET's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Telenet Group Holding's financial position?


Financial Position Analysis

Short Term Liabilities: TNET has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: TNET has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: TNET has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: TNET's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: TNET's debt is well covered by operating cash flow (22.9%).

Interest Coverage: TNET's interest payments on its debt are well covered by EBIT (3.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Telenet Group Holding current dividend yield, its reliability and sustainability?

5.53%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TNET's dividend (5.53%) is higher than the bottom 25% of dividend payers in the Belgian market (2.51%).

High Dividend: TNET's dividend (5.53%) is in the top 25% of dividend payers in the Belgian market (5.33%)


Stability and Growth of Payments

Stable Dividend: TNET has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: TNET has only been paying a dividend for 9 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (39.4%), TNET's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TNET's dividends in 3 years are forecast to be covered by earnings (74.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average management tenure


CEO

John Porter (63 yo)

7.33yrs

Tenure

Mr. John C. Porter has been the Chief Executive Officer at Telenet N.V. and Telenet Group Holding NV since April 01, 2013. As CEO, Mr. Porter is responsible for the day-to-day operations. He joined Telenet ...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD0.00) is below average for companies of similar size in the Belgian market ($USD812.15K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
John Porter
CEO, MD & Director7.33yrsno datano data
Erik den Enden
Chief Financial Officer2yrsno datano data
Micha Berger
Chief Technology Officer7.08yrsno datano data
Dieter Nieuwdorp
Senior Vice President of Strategy & Corporate Development6.25yrsno datano data
Patrick Vincent
Chief Transformation Officer5.33yrsno datano data
Martine Tempels
Senior Vice President of Telenet for Business11.58yrsno datano data
Ann Caluwaerts
Chief of Corporate Affairs9.33yrsno datano data
Benedikte Paulissen
Chief Customer Officer5.33yrsno datano data
Jeroen Bronselaer
Senior Vice President of Residential Marketing4.92yrsno datano data
Rob Goyens
Vice President of Treasuryno datano datano data
Bart van Sprundel
Director of Legal Affairs & Secretary of the Board of Directorsno datano datano data
Stijn Plaetse
Vice President of Product & Marketing6.92yrsno datano data

6.6yrs

Average Tenure

51yo

Average Age

Experienced Management: TNET's management team is seasoned and experienced (6.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
John Porter
CEO, MD & Director7.33yrsno datano data
Charles H. Bracken
Director15.08yrs€24.00kno data
Manuel Kohnstamm
Director13.25yrs€26.00kno data
Albrecht De Graeve
Independent Chairman of the Board6.33yrs€144.50kno data
Johan M. Jo Van Biesbroeck
Independent Director5yrs€69.50kno data
André Sarens
Board Observer8.33yrs€69.50kno data
Amy Blair
Director2.33yrs€24.00kno data
Christiane Franck
Independent Director5.33yrs€69.50kno data
Severina Pascu
Director2.33yrs€18.00kno data
Enrique Rodriguez
Director1.33yrs€14.00kno data

5.8yrs

Average Tenure

60.5yo

Average Age

Experienced Board: TNET's board of directors are considered experienced (5.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Telenet Group Holding NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Telenet Group Holding NV
  • Ticker: TNET
  • Exchange: ENXTBR
  • Founded: 1994
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: €3.702b
  • Shares outstanding: 109.21m
  • Website: https://investors.telenet.be/phoenix.zhtml?c=241896&p=irol-irhome

Number of Employees


Location

  • Telenet Group Holding NV
  • Liersesteenweg 428000
  • Mechelen
  • Brussels
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TNETENXTBR (Euronext Brussels)YesOrdinary SharesBEEUROct 2005
T4IDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2005
0GAFLSE (London Stock Exchange)YesOrdinary SharesGBEUROct 2005
TLGH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 2005
TNETBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEUROct 2005
TNETWBAG (Wiener Boerse AG)YesOrdinary SharesATEUROct 2005
TLGH.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMar 2010

Biography

Telenet Group Holding NV provides basic and enhanced video services to residential and business customers in Belgium and Luxembourg. The company offers basic video services, including basic cable televisio ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/15 03:38
End of Day Share Price2020/08/14 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.