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TBS

Telelink Business Services Group ADBUL:TBS Stock Report

Market Cap

лв202.5m

7D

1.9%

1Y

50.0%

Updated

19 Oct, 2021

Data

Company Financials +
TBS fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends2/6

TBS Overview

Telelink Business Services Group AD provides system integration, connectivity, information security, cloud, and data solutions.

Price History & Performance

Summary of all time highs, changes and price drops for Telelink Business Services Group AD
Historical stock prices
Current Share Priceлв16.20
52 Week Highлв10.60
52 Week Lowлв17.30
Beta0
1 Month Change0.62%
3 Month Change18.25%
1 Year Change50.00%
3 Year Changen/a
5 Year Changen/a
Change since IPO113.16%

Recent News & Updates

Jan 09
Is There More To The Story Than Telelink Business Services Group AD's (BUL:TBS) Earnings Growth?

Is There More To The Story Than Telelink Business Services Group AD's (BUL:TBS) Earnings Growth?

Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...

Shareholder Returns

TBSBG ITBG Market
7D1.9%6.2%0.5%
1Y50.0%37.8%29.4%

Return vs Industry: TBS exceeded the BG IT industry which returned 34.6% over the past year.

Return vs Market: TBS exceeded the BG Market which returned 28.2% over the past year.

Price Volatility

Is TBS's price volatile compared to industry and market?
TBS volatility
TBS Beta0
Industry Beta1.16
Market Beta1

Stable Share Price: TBS is not significantly more volatile than the rest of BG stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TBS's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001281Ivan Zhitiyanovhttps://www.tbs.tech

Telelink Business Services Group AD provides system integration, connectivity, information security, cloud, and data solutions. The company offers enterprise connectivity solutions, including fixed and wireless access, wide area network, unified communication, conferencing, network security, traffic load balancing, network management, automation, and orchestration services, as well as data center networks and contact center solutions. It also provides collaboration and productivity solutions, such as Microsoft 365, Microsoft hybrid productivity infrastructure, endpoint devices and operating systems, endpoint device management, and multi-factor and password-less authentication products; and information security solutions comprising security information and event management, behavior analytics, endpoint encryption, identity and privileged access management, vulnerability management, penetration testing, policy compliance, and anti-fraud solutions?.

Telelink Business Services Group AD Fundamentals Summary

How do Telelink Business Services Group AD's earnings and revenue compare to its market cap?
TBS fundamental statistics
Market Capлв202.49m
Earnings (TTM)лв14.30m
Revenue (TTM)лв168.75m

14.2x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TBS income statement (TTM)
Revenueлв168.75m
Cost of Revenueлв138.70m
Gross Profitлв30.05m
Expensesлв15.75m
Earningsлв14.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.14
Gross Margin17.81%
Net Profit Margin8.47%
Debt/Equity Ratio19.2%

How did TBS perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

72%

Payout Ratio

Valuation

Is Telelink Business Services Group AD 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: TBS (BGN16.2) is trading below our estimate of fair value (BGN38.82)

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


Price To Earnings Ratio

PE vs Industry: TBS is good value based on its PE Ratio (14.2x) compared to the European IT industry average (26.1x).

PE vs Market: TBS is good value based on its PE Ratio (14.2x) compared to the BG market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TBS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TBS is overvalued based on its PB Ratio (9x) compared to the XE IT industry average (3.7x).


Future Growth

How is Telelink Business Services Group AD forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

26.2%

Forecasted Software industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Telelink Business Services Group AD has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Telelink Business Services Group AD performed over the past 5 years?

25.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TBS has high quality earnings.

Growing Profit Margin: TBS's current net profit margins (8.5%) are lower than last year (9.2%).


Past Earnings Growth Analysis

Earnings Trend: TBS's earnings have grown significantly by 25.3% per year over the past 5 years.

Accelerating Growth: TBS's earnings growth over the past year (21.3%) is below its 5-year average (25.3% per year).

Earnings vs Industry: TBS earnings growth over the past year (21.3%) underperformed the IT industry 25.3%.


Return on Equity

High ROE: TBS's Return on Equity (63.3%) is considered outstanding.


Financial Health

How is Telelink Business Services Group AD's financial position?


Financial Position Analysis

Short Term Liabilities: TBS's short term assets (BGN69.2M) exceed its short term liabilities (BGN52.0M).

Long Term Liabilities: TBS's short term assets (BGN69.2M) exceed its long term liabilities (BGN10.9M).


Debt to Equity History and Analysis

Debt Level: TBS's debt to equity ratio (19.2%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if TBS's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: TBS's debt is well covered by operating cash flow (499.6%).

Interest Coverage: TBS's interest payments on its debt are well covered by EBIT (82.8x coverage).


Balance Sheet


Dividend

What is Telelink Business Services Group AD current dividend yield, its reliability and sustainability?

5.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TBS's dividend (5.06%) is higher than the bottom 25% of dividend payers in the BG market (1.72%).

High Dividend: TBS's dividend (5.06%) is low compared to the top 25% of dividend payers in the BG market (5.6%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether TBS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if TBS's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (71.7%), TBS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

2.3yrs

Average management tenure


CEO

Ivan Zhitiyanov

2.25yrs

Tenure

Mr. Ivan Zhitiyanov serves as the Chief Executive Officer of Telelink Business Services Group AD since July 2019 and serves as its Chairman of the Managing Board. Mr. Zhitiyanov's journey at Telelink led...


Leadership Team

Experienced Management: TBS's management team is considered experienced (2.3 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

Telelink Business Services Group AD's employee growth, exchange listings and data sources


Key Information

  • Name: Telelink Business Services Group AD
  • Ticker: TBS
  • Exchange: BUL
  • Founded: 2001
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: лв202.494m
  • Shares outstanding: 12.50m
  • Website: https://www.tbs.tech

Number of Employees


Location

  • Telelink Business Services Group AD
  • Business Center Richhill
  • Block B
  • Sofia
  • 1766
  • Bulgaria

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/19 21:49
End of Day Share Price2021/10/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.