Announcement • Dec 13
Telenet Group Holding NV to Report Q4, 2024 Results on Feb 18, 2025 Telenet Group Holding NV announced that they will report Q4, 2024 results at 10:15 PM, Central European Standard Time on Feb 18, 2025 Announcement • Sep 21
Telenet Group Holding NV to Report Q3, 2024 Results on Oct 29, 2024 Telenet Group Holding NV announced that they will report Q3, 2024 results on Oct 29, 2024 Announcement • Jun 20
Telenet Group Holding NV to Report Q2, 2024 Results on Jul 25, 2024 Telenet Group Holding NV announced that they will report Q2, 2024 results at 10:15 AM, Central European Standard Time on Jul 25, 2024 Announcement • Apr 11
Telenet Group Holding NV to Report Q1, 2024 Results on May 01, 2024 Telenet Group Holding NV announced that they will report Q1, 2024 results on May 01, 2024 Announcement • Mar 06
Telenet Group Holding NV to Report Fiscal Year 2023 Final Results on Mar 22, 2024 Telenet Group Holding NV announced that they will report fiscal year 2023 final results on Mar 22, 2024 Announcement • Feb 02
Telenet Group Holding NV to Report Fiscal Year 2023 Results on Feb 15, 2024 Telenet Group Holding NV announced that they will report fiscal year 2023 results at 10:00 PM, Central European Standard Time on Feb 15, 2024 Announcement • Oct 17
Telenet's Shares Delisted from Euronext Brussels at Close of Trade on 13 October 2023 On October 16, 2023, Liberty Global plc (Liberty Global) announced that, during the simplified squeeze-out period which opened on 22 September 2023 and closed on 13 October 2023 (the Simplified Squeeze-Out Period) of its voluntary public takeover bid for all the shares of Telenet Group Holding NV (Telenet) (the Offer) by its indirect wholly-owned subsidiary, Liberty Global Belgium Holding B.V. (the Offeror), it received acceptances for 1,156,941 Telenet shares. On 13 October 2023, Telenet shares were delisted from Euronext Brussels at close of trade. Reported Earnings • Oct 01
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: €0.26 loss per share (down from €5.84 profit in 2Q 2022). Revenue: €704.1m (up 8.9% from 2Q 2022). Net loss: €28.1m (down 104% from profit in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Jul 28
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.9% Last year net profit margin: 38% 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 Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Negative equity (-€625m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.9% net profit margin). Reported Earnings • Jul 27
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: €0.26 loss per share (down from €5.84 profit in 2Q 2022). Revenue: €704.1m (up 8.9% from 2Q 2022). Net loss: €28.1m (down 104% from profit in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 3 years compared to a 3.7% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 26
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from €3.16 to €2.83 per share. Revenue forecast steady at €2.85b. Net income forecast to shrink 62% next year vs 15% growth forecast for Media industry in Belgium . Consensus price target of €20.45 unchanged from last update. Share price was steady at €20.92 over the past week. Upcoming Dividend • Apr 26
Upcoming dividend of €0.70 per share at 4.7% yield Eligible shareholders must have bought the stock before 03 May 2023. Payment date: 05 May 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 4.7%. Lower than top quartile of Belgian dividend payers (6.1%). In line with average of industry peers (4.4%). Reported Earnings • Mar 27
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: €9.19 (up from €3.60 in FY 2021). Revenue: €2.67b (up 2.7% from FY 2021). Net income: €997.6m (up 153% from FY 2021). Profit margin: 37% (up from 15% in FY 2021). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Mar 23
Price target increased by 8.0% to €19.36 Up from €17.93, the current price target is an average from 11 analysts. New target price is 7.1% below last closing price of €20.84. Stock is down 32% over the past year. The company is forecast to post earnings per share of €3.09 for next year compared to €9.19 last year. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 47% After last week's 47% share price gain to €21.06, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 12x in the Media industry in Europe. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.73 per share. Reported Earnings • Feb 17
Full year 2022 earnings: Revenues exceed analyst expectations Full year 2022 results: Revenue: €2.67b (up 2.7% from FY 2021). Net income: €997.6m (up 153% from FY 2021). Profit margin: 37% (up from 15% in FY 2021). Revenue exceeded analyst estimates by 1.2%. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Media industry in Europe. Price Target Changed • Jan 04
Price target decreased to €18.07 Down from €19.43, the current price target is an average from 17 analysts. New target price is 13% above last closing price of €16.06. Stock is down 50% over the past year. The company is forecast to post earnings per share of €8.40 for next year compared to €3.60 last year. Major Estimate Revision • Oct 28
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €6.01 to €7.01. Revenue forecast steady at €2.62b. Net income forecast to shrink 53% next year vs 4.1% growth forecast for Media industry in Belgium . Consensus price target down from €23.42 to €21.52. Share price rose 11% to €15.12 over the past week. Price Target Changed • Oct 26
Price target decreased to €21.52 Down from €24.88, the current price target is an average from 17 analysts. New target price is 53% above last closing price of €14.07. Stock is down 58% over the past year. The company is forecast to post earnings per share of €6.01 for next year compared to €3.60 last year. Price Target Changed • Oct 13
Price target decreased to €23.23 Down from €25.09, the current price target is an average from 17 analysts. New target price is 73% above last closing price of €13.40. Stock is down 59% over the past year. The company is forecast to post earnings per share of €6.08 for next year compared to €3.60 last year. Reported Earnings • Oct 03
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: €5.84 (up from €0.91 in 2Q 2021). Revenue: €646.8m (flat on 2Q 2021). Net income: €633.3m (up €534.0m from 2Q 2021). Profit margin: 98% (up from 16% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to stay flat during the next 3 years compared to a 5.1% growth forecast for the Media industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 27
Price target decreased to €25.09 Down from €28.08, the current price target is an average from 16 analysts. New target price is 81% above last closing price of €13.87. Stock is down 57% over the past year. The company is forecast to post earnings per share of €5.15 for next year compared to €3.60 last year. Major Estimate Revision • Sep 21
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €4.47 to €5.07. Revenue forecast steady at €2.62b. Net income forecast to shrink 57% next year vs 7.4% growth forecast for Media industry in Belgium . Consensus price target down from €28.52 to €26.25. Share price was steady at €14.92 over the past week. Price Target Changed • Sep 20
Price target decreased to €26.61 Down from €29.27, the current price target is an average from 17 analysts. New target price is 80% above last closing price of €14.76. Stock is down 53% over the past year. The company is forecast to post earnings per share of €4.46 for next year compared to €3.60 last year. Major Estimate Revision • Sep 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €5.40 to €4.47 per share. Revenue forecast steady at €2.62b. Net income forecast to shrink 61% next year vs 7.8% growth forecast for Media industry in Belgium . Consensus price target down from €29.36 to €28.52. Share price was steady at €14.21 over the past week. Major Estimate Revision • Aug 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €4.89 to €5.40. Revenue forecast steady at €2.62b. Net income forecast to shrink 57% next year vs 3.7% growth forecast for Media industry in Belgium . Consensus price target of €29.36 unchanged from last update. Share price was steady at €15.36 over the past week. Major Estimate Revision • Aug 04
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €3.65 to €8.26. Revenue forecast steady at €2.62b. Net income forecast to shrink 45% next year vs 4.3% growth forecast for Media industry in Belgium . Consensus price target broadly unchanged at €30.11. Share price fell 3.3% to €14.69 over the past week. Reported Earnings • Jul 30
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: €5.84 (up from €0.91 in 2Q 2021). Revenue: €646.8m (flat on 2Q 2021). Net income: €633.3m (up €534.0m from 2Q 2021). Profit margin: 98% (up from 16% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 439%. Over the next year, revenue is forecast to stay flat compared to a 7.0% growth forecast for the industry in Belgium. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 23
Price target decreased to €30.61 Down from €34.11, the current price target is an average from 17 analysts. New target price is 92% above last closing price of €15.96. Stock is down 51% over the past year. The company is forecast to post earnings per share of €3.65 for next year compared to €3.60 last year. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €15.96, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Media industry in Europe. Total loss to shareholders of 59% over the past three years. Price Target Changed • Jun 29
Price target decreased to €35.16 Down from €38.07, the current price target is an average from 8 analysts. New target price is 75% above last closing price of €20.12. Stock is down 37% over the past year. The company posted earnings per share of €3.60 last year. Board Change • May 31
High number of new directors Independent Director Dirk Van den Berghe was the last director to join the board, commencing their role in 2022. Major Estimate Revision • May 05
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from €3.12 to €3.48. Revenue forecast steady at €2.62b. Net income forecast to shrink 19% next year vs 12% growth forecast for Media industry in Belgium . Consensus price target broadly unchanged at €39.07. Share price fell 5.7% to €26.16 over the past week. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Non Independent Director Enrique Rodriguez was the last 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: Insufficient board refreshment. Reported Earnings • May 01
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: €1.48 (up from €1.03 in 1Q 2021). Revenue: €644.8m (flat on 1Q 2021). Net income: €160.4m (up 42% from 1Q 2021). Profit margin: 25% (up from 17% in 1Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 86%. Over the next year, revenue is forecast to grow 1.2%, compared to a 704% growth forecast for the industry in Belgium. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 27
Upcoming dividend of €0.96 per share Eligible shareholders must have bought the stock before 02 May 2022. Payment date: 04 May 2022. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 9.4%. Within top quartile of Belgian dividend payers (5.4%). Higher than average of industry peers (3.8%). Reported Earnings • Feb 11
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €2.60b (flat on FY 2020). Net income: €394.0m (up 16% from FY 2020). Profit margin: 15% (up from 13% in FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 5.5% growth forecast for the industry in Belgium. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 29
Upcoming dividend of €0.96 per share Eligible shareholders must have bought the stock before 06 December 2021. Payment date: 08 December 2021. Trailing yield: 8.8%. Within top quartile of Belgian dividend payers (4.7%). Higher than average of industry peers (3.5%). Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS €0.82 (vs €1.04 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: €640.6m (flat on 3Q 2020). Net income: €89.9m (down 21% from 3Q 2020). Profit margin: 14% (down from 18% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 29
Second quarter 2021 earnings released: EPS €0.91 (vs €0.29 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €642.4m (up 3.7% from 2Q 2020). Net income: €99.3m (up 211% from 2Q 2020). Profit margin: 16% (up from 5.2% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS €0.91 (vs €0.29 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €642.4m (up 3.7% from 2Q 2020). Net income: €99.3m (up 211% from 2Q 2020). Profit margin: 16% (up from 5.2% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2021 earnings released: EPS €1.03 (vs €1.39 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: €645.9m (down 1.1% from 1Q 2020). Net income: €112.7m (down 27% from 1Q 2020). Profit margin: 17% (down from 24% in 1Q 2020). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 26
Upcoming dividend of €0.96 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 7.8%. Within top quartile of Belgian dividend payers (4.6%). Higher than average of industry peers (3.2%). Reported Earnings • Mar 27
Full year 2020 earnings released: EPS €3.10 (vs €2.13 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €2.58b (flat on FY 2019). Net income: €338.9m (up 45% from FY 2019). Profit margin: 13% (up from 9.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 24
New 90-day low: €33.98 The company is down 2.0% from its price of €34.64 on 25 November 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €40.42 per share. Reported Earnings • Feb 13
Full year 2020 earnings released: EPS €3.10 (vs €2.13 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: €2.58b (flat on FY 2019). Net income: €338.9m (up 45% from FY 2019). Profit margin: 13% (up from 9.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 13
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.2%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the Media industry in Belgium. Upcoming Dividend • Nov 27
Upcoming Dividend of €0.96 Per Share Will be paid on the 8th of December to those who are registered shareholders by the 4th of December. The trailing yield of 7.8% is in the top quartile of Belgian dividend payers (4.9%), and it is higher than industry peers (3.4%). Analyst Estimate Surprise Post Earnings • Nov 01
Third-quarter earnings released: Revenue and earnings beat expectations Third-quarter revenue exceeded analyst estimates by 0.3% at €637.9m. Earnings per share (EPS) also surpassed analyst estimates by 20% at €1.04. Revenue is forecast to grow 1.1% over the next year, compared to a 2.5% growth forecast for the Media industry in Belgium. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of €390.1m, up 108% from the prior year. Total revenue was €2.58b over the last 12 months, up 1.2% from the prior year. Is New 90 Day High Low • Sep 22
New 90-day low: €31.34 The company is down 16% from its price of €37.22 on 24 June 2020. The Belgian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media 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 €97.11 per share.