Telecom Egypt Valuation
Is ETEL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
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 ETEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ETEL (EGP37.5) is trading above our estimate of fair value (EGP35.9)
Significantly Below Fair Value: ETEL is trading above our estimate of fair value.
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.
| What is ETEL's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | ج.م64.02b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 1.8x |
| Enterprise Value/EBITDA | 4.7x |
| PEG Ratio | 0.4x |
Price to Earnings Ratio vs Peers
How does ETEL's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 22.5x | ||
EGSA Egyptian Satellite Company Nilesat | 6.7x | n/a | US$258.7m |
CNVRG Converge Information and Communications Technology Solutions | 7.3x | 6.2% | ₱66.1b |
603220 China Bester Group Telecom | 65.1x | 31.5% | CN¥9.3b |
DIGI Digi Communications | 10.9x | -31.8% | RON5.3b |
ETEL Telecom Egypt | 6.6x | 17.9% | ج.م64.0b |
Price-To-Earnings vs Peers: ETEL is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (22.3x).
Price to Earnings Ratio vs Industry
How does ETEL's PE Ratio compare vs other companies in the Global Telecom Industry?
Price-To-Earnings vs Industry: ETEL is good value based on its Price-To-Earnings Ratio (6.6x) compared to the Global Telecom industry average (15.5x).
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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 6.6x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ETEL's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ج.م37.50 | ج.م47.42 +26.5% | 21.5% | ج.م69.75 | ج.م35.70 | n/a | 7 |
| Apr ’25 | ج.م36.04 | ج.م47.42 +31.6% | 21.5% | ج.م69.75 | ج.م35.70 | n/a | 7 |
| Mar ’25 | ج.م38.60 | ج.م45.93 +19.0% | 26.8% | ج.م69.75 | ج.م32.00 | n/a | 6 |
| Feb ’25 | ج.م37.00 | ج.م44.15 +19.3% | 27.6% | ج.م69.75 | ج.م32.00 | n/a | 7 |
| Jan ’25 | ج.م37.65 | ج.م41.93 +11.4% | 28.6% | ج.م69.75 | ج.م32.00 | n/a | 8 |
| Dec ’24 | ج.م35.99 | ج.م33.76 -6.2% | 6.6% | ج.م37.40 | ج.م30.00 | n/a | 7 |
| Nov ’24 | ج.م32.95 | ج.م33.76 +2.4% | 6.6% | ج.م37.40 | ج.م30.00 | n/a | 7 |
| Oct ’24 | ج.م29.16 | ج.م34.43 +18.1% | 7.9% | ج.م39.10 | ج.م30.00 | n/a | 8 |
| Sep ’24 | ج.م26.30 | ج.م35.79 +36.1% | 12.9% | ج.م46.70 | ج.م30.00 | n/a | 9 |
| Aug ’24 | ج.م26.00 | ج.م35.46 +36.4% | 12.7% | ج.م46.70 | ج.م30.00 | n/a | 10 |
| Jul ’24 | ج.م25.88 | ج.م33.68 +30.1% | 20.1% | ج.م46.70 | ج.م18.00 | n/a | 11 |
| Jun ’24 | ج.م24.20 | ج.م32.34 +33.6% | 21.0% | ج.م46.70 | ج.م18.00 | n/a | 11 |
| May ’24 | ج.م23.23 | ج.م32.34 +39.2% | 21.0% | ج.م46.70 | ج.م18.00 | n/a | 11 |
| Apr ’24 | ج.م24.70 | ج.م32.34 +30.9% | 21.0% | ج.م46.70 | ج.م18.00 | ج.م36.04 | 11 |
| Mar ’24 | ج.م26.22 | ج.م31.91 +21.7% | 20.3% | ج.م46.70 | ج.م18.00 | ج.م38.60 | 11 |
| Feb ’24 | ج.م26.50 | ج.م30.86 +16.5% | 24.7% | ج.م46.70 | ج.م18.00 | ج.م37.00 | 11 |
| Jan ’24 | ج.م25.10 | ج.م29.80 +18.7% | 27.8% | ج.م46.70 | ج.م18.00 | ج.م37.65 | 10 |
| Dec ’23 | ج.م24.31 | ج.م27.36 +12.6% | 33.1% | ج.م46.70 | ج.م18.00 | ج.م35.99 | 8 |
| Nov ’23 | ج.م18.39 | ج.م21.39 +16.3% | 14.2% | ج.م26.50 | ج.م18.00 | ج.م32.95 | 7 |
| Oct ’23 | ج.م17.15 | ج.م19.82 +15.5% | 10.9% | ج.م24.10 | ج.م18.00 | ج.م29.16 | 6 |
| Sep ’23 | ج.م15.43 | ج.م19.82 +28.4% | 10.9% | ج.م24.10 | ج.م18.00 | ج.م26.30 | 6 |
| Aug ’23 | ج.م13.59 | ج.م19.93 +46.7% | 12.0% | ج.م24.80 | ج.م18.00 | ج.م26.00 | 6 |
| Jul ’23 | ج.م13.86 | ج.م20.65 +49.0% | 12.4% | ج.م24.80 | ج.م18.00 | ج.م25.88 | 6 |
| Jun ’23 | ج.م15.06 | ج.م20.65 +37.1% | 12.4% | ج.م24.80 | ج.م18.00 | ج.م24.20 | 6 |
| May ’23 | ج.م16.32 | ج.م20.27 +24.2% | 10.0% | ج.م23.00 | ج.م18.00 | ج.م23.23 | 6 |
| Apr ’23 | ج.م17.49 | ج.م20.09 +14.8% | 10.1% | ج.م23.30 | ج.م18.00 | ج.م24.70 | 7 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.