Unifique Telecomunicações (BOVESPA:FIQE3) - Share price, News & Analysis

FIQE3 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	3/6
Financial Health	5/6
Dividends	2/6

FIQE3 Stock Overview

Unifique Telecomunicações S.A. provides telecommunications services for businesses, homes, and governments in Brazil.

Rewards

Trading at 68.7% below our estimate of its fair value

Earnings are forecast to grow 22.47% per year

Earnings have grown 31% per year over the past 5 years

Risk Analysis

High level of non-cash earnings

Dividend of 3.83% is not well covered by earnings

Volatile share price over the past 3 months

Unifique Telecomunicações Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Unifique Telecomunicações
Historical stock prices
Current Share Price	R$4.40
52 Week High	R$9.45
52 Week Low	R$4.13
Beta	0
1 Month Change	-12.18%
3 Month Change	-15.87%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-44.30%

Recent News & Updates

Feb 11

Unifique Telecomunicações S.A.'s (BVMF:FIQE3) Earnings Haven't Escaped The Attention Of Investors

With a price-to-earnings (or "P/E") ratio of 30x Unifique Telecomunicações S.A. ( BVMF:FIQE3 ) may be sending very...

Shareholder Returns

	FIQE3	BR Telecom	BR Market
7D	1.4%	4.8%	2.0%
1Y	n/a	11.3%	-20.0%

Return vs Industry: Insufficient data to determine how FIQE3 performed against the BR Telecom industry.

Return vs Market: Insufficient data to determine how FIQE3 performed against the BR Market.

Price Volatility

Is FIQE3's price volatile compared to industry and market?
FIQE3 volatility
FIQE3 Average Weekly Movement	8.6%
Telecom Industry Average Movement	8.7%
Market Average Movement	6.4%
10% most volatile stocks in BR Market	9.8%
10% least volatile stocks in BR Market	2.9%

Stable Share Price: FIQE3 is more volatile than 75% of BR stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: FIQE3's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of BR stocks.

About the Company

Founded	Employees	CEO	Website
1997	1,635	n/a	https://www.unifique.com.br

Unifique Telecomunicações S.A. provides telecommunications services for businesses, homes, and governments in Brazil. It offers broadband and fixed telephony services. The company was founded in 1997 and is based in Timbo, Brazil.

Unifique Telecomunicações Fundamentals Summary

How do Unifique Telecomunicações's earnings and revenue compare to its market cap?
FIQE3 fundamental statistics
Market Cap	R$1.57b
Earnings (TTM)	R$94.75m
Revenue (TTM)	R$522.14m

16.6x

P/E Ratio

3.0x

P/S Ratio

Is FIQE3 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FIQE3 income statement (TTM)
Revenue	R$522.14m
Cost of Revenue	R$269.24m
Gross Profit	R$252.90m
Other Expenses	R$158.15m
Earnings	R$94.75m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.27
Gross Margin	48.43%
Net Profit Margin	18.15%
Debt/Equity Ratio	29.7%

How did FIQE3 perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

63%

Payout Ratio

Valuation

Is Unifique Telecomunicações undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FIQE3 (R$4.4) is trading below our estimate of fair value (R$14.04)

Significantly Below Fair Value: FIQE3 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: FIQE3 is poor value based on its Price-To-Earnings Ratio (16.6x) compared to the South American Telecom industry average (15.3x).

PE vs Market: FIQE3 is poor value based on its Price-To-Earnings Ratio (16.6x) compared to the BR market (9x).

Price to Earnings Growth Ratio

PEG Ratio: FIQE3 is good value based on its PEG Ratio (0.7x)

Price to Book Ratio

PB vs Industry: FIQE3 is overvalued based on its Price-To-Book Ratio (1.6x) compared to the BR Telecom industry average (0.9x).

Future Growth

How is Unifique Telecomunicações forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

22.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FIQE3's forecast earnings growth (22.5% per year) is above the savings rate (9.1%).

Earnings vs Market: FIQE3's earnings (22.5% per year) are forecast to grow faster than the BR market (6.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FIQE3's revenue (20.5% per year) is forecast to grow faster than the BR market (6% per year).

High Growth Revenue: FIQE3's revenue (20.5% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FIQE3's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Unifique Telecomunicações performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

31.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FIQE3 has a high level of non-cash earnings.

Growing Profit Margin: FIQE3's current net profit margins (18.1%) are higher than last year (17.7%).

Past Earnings Growth Analysis

Earnings Trend: FIQE3's earnings have grown significantly by 31% per year over the past 5 years.

Accelerating Growth: FIQE3's earnings growth over the past year (71.6%) exceeds its 5-year average (31% per year).

Earnings vs Industry: FIQE3 earnings growth over the past year (71.6%) underperformed the Telecom industry 288.3%.

Return on Equity

High ROE: FIQE3's Return on Equity (9.7%) is considered low.

Financial Health

How is Unifique Telecomunicações's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: FIQE3's short term assets (R$767.4M) exceed its short term liabilities (R$289.1M).

Long Term Liabilities: FIQE3's short term assets (R$767.4M) exceed its long term liabilities (R$358.5M).

Debt to Equity History and Analysis

Debt Level: FIQE3 has more cash than its total debt.

Reducing Debt: Insufficient data to determine if FIQE3's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: FIQE3's debt is well covered by operating cash flow (67.1%).

Interest Coverage: FIQE3 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Unifique Telecomunicações's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

3.83%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: FIQE3's dividend (3.83%) is higher than the bottom 25% of dividend payers in the BR market (1.36%).

High Dividend: FIQE3's dividend (3.83%) is low compared to the top 25% of dividend payers in the BR market (6.59%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether FIQE3's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FIQE3's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (63.1%), FIQE3's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: FIQE3 is paying a dividend but the company has no free cash flows.

Discover strong dividend paying companies

Management

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

CEO

Unifique Telecomunicações has no CEO, or we have no data on them.

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: FIQE3 only recently listed within the past 12 months.

Data	Last Updated (UTC time)
Company Analysis	2022/05/26 00:00
End of Day Share Price	2022/05/26 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31