Telecom Plus Plc

DB:T8T Stock Report

Market Cap: €1.7b

Telecom Plus Valuation

Is T8T undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of T8T when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: T8T (€21) is trading below our estimate of fair value (€30.19)

Significantly Below Fair Value: T8T is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for T8T?

Key metric: As T8T is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for T8T. This is calculated by dividing T8T's market cap by their current earnings.
What is T8T's PE Ratio?
PE Ratio18.7x
EarningsUK£75.30m
Market CapUK£1.41b

Price to Earnings Ratio vs Peers

How does T8T's PE Ratio compare to its peers?

The above table shows the PE ratio for T8T vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.2x
MVV1 MVV Energie
12.1xn/a€2.0b
MNV6 Mainova
33.7xn/a€1.9b
WWG Gelsenwasser
13.5xn/a€1.8b
EOAN E.ON
17.6x8.9%€31.6b
T8T Telecom Plus
18.7x11.7%€1.4b

Price-To-Earnings vs Peers: T8T is good value based on its Price-To-Earnings Ratio (18.7x) compared to the peer average (19.3x).

Price to Earnings Ratio vs Industry

How does T8T's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
T8T 18.7xIndustry Avg. 17.8xNo. of Companies8PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: T8T is expensive based on its Price-To-Earnings Ratio (18.7x) compared to the Global Integrated Utilities industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is T8T's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

T8T PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.7x
Fair PE Ratio23.8x

Price-To-Earnings vs Fair Ratio: T8T is good value based on its Price-To-Earnings Ratio (18.7x) compared to the estimated Fair Price-To-Earnings Ratio (23.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst T8T forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€21.00
€32.86
+56.5%
11.7%€38.16€29.22n/a3
Nov ’25€19.60
€32.58
+66.2%
11.7%€37.83€28.97n/a3
Oct ’25€21.80
€32.85
+50.7%
11.7%€38.15€29.21n/a3
Sep ’25€21.60
€32.00
+48.2%
11.7%€37.16€28.46n/a3
Aug ’25€22.00
€32.36
+47.1%
11.7%€37.57€28.77n/a3
Jul ’25€20.40
€32.36
+58.6%
11.7%€37.57€28.77n/a3
Jun ’25€21.80
€30.12
+38.2%
11.9%€34.41€25.62n/a3
May ’25€19.50
€30.23
+55.0%
11.9%€34.53€25.72n/a3
Apr ’25€18.38
€30.24
+64.5%
11.9%€34.54€25.73n/a3
Mar ’25€17.74
€32.44
+82.9%
6.3%€34.49€30.40n/a2
Feb ’25€16.68
€32.49
+94.8%
6.3%€34.54€30.44n/a2
Jan ’25€18.02
€32.37
+79.6%
6.3%€34.41€30.33n/a2
Dec ’24€17.32
€31.97
+84.6%
6.3%€33.98€29.95n/a2
Nov ’24€17.26
€31.52
+82.6%
5.5%€33.24€29.80€19.602
Oct ’24€16.36
€33.29
+103.5%
9.6%€36.47€30.11€21.802
Sep ’24€18.10
€33.29
+83.9%
9.6%€36.47€30.11€21.602
Aug ’24€19.26
€33.30
+72.9%
9.6%€36.48€30.11€22.002
Jul ’24€18.76
€33.30
+77.5%
9.6%€36.48€30.11€20.402
Jun ’24€17.42
€33.25
+90.9%
9.6%€36.43€30.07€21.802
May ’24€21.15
€32.58
+54.0%
9.6%€35.69€29.46€19.502
Apr ’24€21.60
€32.23
+49.2%
9.6%€35.31€29.14€18.382
Mar ’24€19.50
€32.41
+66.2%
9.6%€35.51€29.31€17.742
Feb ’24€22.20
€32.87
+48.1%
9.6%€36.02€29.73€16.682
Jan ’24€24.40
€31.30
+28.3%
16.7%€36.52€26.08€18.022
Dec ’23€27.60
€30.77
+11.5%
13.9%€36.35€25.96€17.323
Nov ’23€24.20
€29.97
+23.9%
11.0%€34.01€25.94€17.263

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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