Telecom Egypt Company

CASE:ETEL Stock Report

Mkt Cap: ج.م44.4b

We’ve recently updated our valuation analysis.

Telecom Egypt Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ETEL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.5x
Enterprise Value/EBITDA3.6x
PEG Ratio0.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ETEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.1x
EGSA Egyptian Satellite Company Nilesat
5.3xn/aUS$199.3m
MTNU MTN Uganda
10.3x22.6%USh4.0t
HFCL HFCL
32.3xn/a₹95.1b
TEL1L Telia Lietuva
20.3xn/a€1.2b
ETEL Telecom Egypt
5.9x12.8%ج.م44.4b

Price-To-Earnings vs Peers: ETEL is good value based on its Price-To-Earnings Ratio (5.9x) compared to the peer average (17.1x).

Price to Earnings Ratio vs Industry

How does ETEL's PE Ratio compare vs other companies in the Global Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.8%
 n/an/an/a

Price-To-Earnings vs Industry: ETEL is good value based on its Price-To-Earnings Ratio (5.9x) compared to the Global Telecom industry average (16.5x)

Price to Earnings Ratio vs Fair Ratio

What is ETEL'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.

ETEL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ETEL's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: ETEL (EGP26.03) is trading above our estimate of fair value (EGP20.12)

Significantly Below Fair Value: ETEL is trading above our estimate of fair value.

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 ETEL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentج.م26.03
ج.م30.86
+18.6%
24.7%ج.م46.70ج.م18.00n/a11
Jan ’24ج.م25.10
ج.م29.80
+18.7%
27.8%ج.م46.70ج.م18.00n/a10
Dec ’23ج.م24.31
ج.م27.36
+12.6%
33.1%ج.م46.70ج.م18.00n/a8
Nov ’23ج.م18.39
ج.م21.39
+16.3%
14.2%ج.م26.50ج.م18.00n/a7
Oct ’23ج.م17.15
ج.م19.82
+15.5%
10.9%ج.م24.10ج.م18.00n/a6
Sep ’23ج.م15.43
ج.م19.82
+28.4%
10.9%ج.م24.10ج.م18.00n/a6
Aug ’23ج.م13.59
ج.م19.93
+46.7%
12.0%ج.م24.80ج.م18.00n/a6
Jul ’23ج.م13.86
ج.م20.65
+49.0%
12.4%ج.م24.80ج.م18.00n/a6
Jun ’23ج.م15.06
ج.م20.65
+37.1%
12.4%ج.م24.80ج.م18.00n/a6
May ’23ج.م16.32
ج.م20.27
+24.2%
10.0%ج.م23.00ج.م18.00n/a6
Apr ’23ج.م17.49
ج.م20.09
+14.8%
10.1%ج.م23.30ج.م18.00n/a7
Mar ’23ج.م18.42
ج.م20.09
+9.0%
10.1%ج.م23.30ج.م18.00n/a7
Feb ’23ج.م16.90
ج.م20.09
+18.9%
10.1%ج.م23.30ج.م18.00ج.م26.507
Jan ’23ج.م16.77
ج.م19.60
+16.9%
11.7%ج.م23.30ج.م16.20ج.م25.108
Dec ’22ج.م14.79
ج.م18.85
+27.5%
14.1%ج.م23.30ج.م15.00ج.م24.318
Nov ’22ج.م13.69
ج.م18.63
+36.1%
15.0%ج.م23.30ج.م15.00ج.م18.398
Oct ’22ج.م14.14
ج.م18.63
+31.7%
15.0%ج.م23.30ج.م15.00ج.م17.158
Sep ’22ج.م14.90
ج.م17.96
+20.5%
12.9%ج.م22.50ج.م15.00ج.م15.437
Aug ’22ج.م14.00
ج.م17.99
+28.5%
12.0%ج.م22.50ج.م15.00ج.م13.598
Jul ’22ج.م13.45
ج.م18.25
+35.7%
12.0%ج.م22.50ج.م15.00ج.م13.867
Jun ’22ج.م11.36
ج.م17.25
+51.9%
17.6%ج.م22.50ج.م12.50ج.م15.068
May ’22ج.م10.82
ج.م17.25
+59.5%
17.6%ج.م22.50ج.م12.50ج.م16.328
Apr ’22ج.م11.26
ج.م17.26
+53.3%
17.7%ج.م22.50ج.م12.50ج.م17.498
Mar ’22ج.م11.51
ج.م17.12
+48.7%
17.5%ج.م22.50ج.م12.50ج.م18.428
Feb ’22ج.م11.74
ج.م17.55
+49.5%
17.8%ج.م24.10ج.م13.20ج.م16.908

Analyst Forecast: Target price is less than 20% higher than the current share price.

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