Telecom Egypt Company, together with its subsidiaries, provides public communications, and related products and services under the WE brand name in Egypt.
Price History & Performance
|Historical stock prices|
|Current Share Price||ج.م13.74|
|52 Week High||ج.م10.12|
|52 Week Low||ج.م15.35|
|1 Month Change||-1.86%|
|3 Month Change||-1.22%|
|1 Year Change||14.12%|
|3 Year Change||32.63%|
|5 Year Change||57.93%|
|Change since IPO||-29.43%|
Recent News & Updates
|ETEL||EG Telecom||EG Market|
Return vs Industry: ETEL exceeded the EG Telecom industry which returned 10.6% over the past year.
Return vs Market: ETEL exceeded the EG Market which returned 9.2% over the past year.
Stable Share Price: ETEL is less volatile than 75% of EG stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ETEL's weekly volatility (3%) has been stable over the past year.
About the Company
Telecom Egypt Company, together with its subsidiaries, provides public communications, and related products and services under the WE brand name in Egypt. It operates in Communications, Marine Cables and Infrastructure Services; Internet Services; and Outsourcing Services segments. The company offers mobile, balance, fixed voice, fixed broadband, international roaming, entertainment, mobile number portability, and other services for individuals; and devices, such as routers, fixed landline phones, USB modems, 4G routers, mobile phones, and accessories.
Telecom Egypt Fundamentals Summary
|ETEL fundamental statistics|
Is ETEL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ETEL income statement (TTM)|
|Cost of Revenue||ج.م20.71b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||3.42|
|Net Profit Margin||16.99%|
How did ETEL perform over the long term?See historical performance and comparison
5.5%Current Dividend Yield
Is Telecom Egypt undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ETEL (EGP13.74) is trading below our estimate of fair value (EGP51.45)
Significantly Below Fair Value: ETEL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ETEL is good value based on its PE Ratio (4x) compared to the African Telecom industry average (7.9x).
PE vs Market: ETEL is good value based on its PE Ratio (4x) compared to the EG market (11.6x).
Price to Earnings Growth Ratio
PEG Ratio: ETEL is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: ETEL is good value based on its PB Ratio (0.6x) compared to the XF Telecom industry average (0.7x).
How is Telecom Egypt forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ETEL's forecast earnings growth (8.2% per year) is below the savings rate (9.1%).
Earnings vs Market: ETEL's earnings (8.2% per year) are forecast to grow slower than the EG market (14.5% per year).
High Growth Earnings: ETEL's earnings are forecast to grow, but not significantly.
Revenue vs Market: ETEL's revenue (6.5% per year) is forecast to grow slower than the EG market (9.9% per year).
High Growth Revenue: ETEL's revenue (6.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ETEL's Return on Equity is forecast to be low in 3 years time (14.1%).
How has Telecom Egypt performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ETEL has high quality earnings.
Growing Profit Margin: ETEL's current net profit margins (17%) are higher than last year (12.5%).
Past Earnings Growth Analysis
Earnings Trend: ETEL's earnings have grown by 14.4% per year over the past 5 years.
Accelerating Growth: ETEL's earnings growth over the past year (66%) exceeds its 5-year average (14.4% per year).
Earnings vs Industry: ETEL earnings growth over the past year (66%) exceeded the Telecom industry 29.6%.
Return on Equity
High ROE: ETEL's Return on Equity (16.7%) is considered low.
How is Telecom Egypt's financial position?
Financial Position Analysis
Short Term Liabilities: ETEL's short term assets (EGP19.7B) do not cover its short term liabilities (EGP35.1B).
Long Term Liabilities: ETEL's short term assets (EGP19.7B) exceed its long term liabilities (EGP11.4B).
Debt to Equity History and Analysis
Debt Level: ETEL's debt to equity ratio (50.8%) is considered high.
Reducing Debt: ETEL's debt to equity ratio has increased from 1.4% to 50.8% over the past 5 years.
Debt Coverage: ETEL's debt is well covered by operating cash flow (58.9%).
Interest Coverage: ETEL's interest payments on its debt are well covered by EBIT (16.3x coverage).
What is Telecom Egypt current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ETEL's dividend (5.46%) is higher than the bottom 25% of dividend payers in the EG market (2.67%).
High Dividend: ETEL's dividend (5.46%) is low compared to the top 25% of dividend payers in the EG market (7.53%).
Stability and Growth of Payments
Stable Dividend: ETEL's dividend payments have been volatile in the past 10 years.
Growing Dividend: ETEL's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22%), ETEL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ETEL's dividends in 3 years are forecast to be well covered by earnings (22% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Eng. Adel Hamed is the Managing Director, Chief Executive Officer and Director of Telecom Egypt Company S.A.E. since 31 January 2019. He was appointed Chief International and Wholesale Officer in August 20...
Experienced Management: ETEL's management team is considered experienced (2.4 years average tenure).
Experienced Board: ETEL's board of directors are considered experienced (3.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Telecom Egypt Company's employee growth, exchange listings and data sources
- Name: Telecom Egypt Company
- Ticker: ETEL
- Exchange: CASE
- Founded: 1854
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: ج.م23.455b
- Shares outstanding: 1.71b
- Website: https://www.te.eg
- Telecom Egypt Company
- B7, Smart Village
- km 28 Cairo-Alexandria Desert Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 14:31|
|End of Day Share Price||2021/10/20 00:00|
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.