Telecom Egypt Company

CASE:ETEL Stock Report

Market Cap: ج.م56.3b

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

  • 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 (EGP33) is trading above our estimate of fair value (EGP18.28)

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?

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

The above table shows the Price to Earnings ratio for ETEL. This is calculated by dividing ETEL's market cap by their current earnings.
What is ETEL's PE Ratio?
PE Ratio6.1x
Earningsج.م9.22b
Market Capج.م56.33b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.3x
EGSA Egyptian Satellite Company Nilesat
5.4xn/aUS$253.8m
DIGI Digi Communications
3x-47.0%RON 6.2b
JTS Jasmine Technology Solution
87.4xn/a฿41.7b
MTNU MTN Uganda
9.2xn/aUSh5.5t
ETEL Telecom Egypt
6.1x20.4%ج.م56.3b

Price-To-Earnings vs Peers: ETEL is good value based on its Price-To-Earnings Ratio (6.1x) compared to the peer average (27x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ETEL 6.1xIndustry Avg. 16.4xNo. of Companies35PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ETEL is good value based on its Price-To-Earnings Ratio (6.1x) compared to the Global Telecom industry average (16.4x).

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 Ratio6.1x
Fair PE Ration/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?

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.م33.00
ج.م50.04
+51.6%
19.9%ج.م65.27ج.م35.70n/a7
Dec ’25ج.م32.96
ج.م49.61
+50.5%
20.6%ج.م65.27ج.م35.70n/a7
Nov ’25ج.م33.58
ج.م50.32
+49.9%
21.9%ج.م65.27ج.م35.70n/a7
Oct ’25ج.م34.24
ج.م48.52
+41.7%
20.4%ج.م65.27ج.م35.70n/a7
Sep ’25ج.م31.91
ج.م48.52
+52.1%
20.4%ج.م65.27ج.م35.70n/a7
Aug ’25ج.م34.05
ج.م47.52
+39.6%
20.1%ج.م65.27ج.م35.70n/a8
Jul ’25ج.م30.99
ج.م47.52
+53.3%
20.1%ج.م65.27ج.م35.70n/a8
Jun ’25ج.م30.84
ج.م48.05
+55.8%
20.6%ج.م65.27ج.م35.70n/a7
May ’25ج.م33.00
ج.م48.69
+47.6%
22.8%ج.م69.75ج.م35.70n/a7
Apr ’25ج.م36.04
ج.م48.69
+35.1%
22.8%ج.م69.75ج.م35.70n/a7
Mar ’25ج.م38.60
ج.م45.93
+19.0%
26.8%ج.م69.75ج.م32.00n/a6
Feb ’25ج.م37.00
ج.م44.15
+19.3%
27.6%ج.م69.75ج.م32.00n/a7
Jan ’25ج.م37.65
ج.م41.93
+11.4%
28.6%ج.م69.75ج.م32.00n/a8
Dec ’24ج.م35.99
ج.م33.76
-6.2%
6.6%ج.م37.40ج.م30.00ج.م32.967
Nov ’24ج.م32.95
ج.م33.76
+2.4%
6.6%ج.م37.40ج.م30.00ج.م33.587
Oct ’24ج.م29.16
ج.م34.43
+18.1%
7.9%ج.م39.10ج.م30.00ج.م34.248
Sep ’24ج.م26.30
ج.م35.79
+36.1%
12.9%ج.م46.70ج.م30.00ج.م31.919
Aug ’24ج.م26.00
ج.م35.46
+36.4%
12.7%ج.م46.70ج.م30.00ج.م34.0510
Jul ’24ج.م25.88
ج.م33.68
+30.1%
20.1%ج.م46.70ج.م18.00ج.م30.9911
Jun ’24ج.م24.20
ج.م32.34
+33.6%
21.0%ج.م46.70ج.م18.00ج.م30.8411
May ’24ج.م23.23
ج.م32.34
+39.2%
21.0%ج.م46.70ج.م18.00ج.م33.0011
Apr ’24ج.م24.70
ج.م32.34
+30.9%
21.0%ج.م46.70ج.م18.00ج.م36.0411
Mar ’24ج.م26.22
ج.م31.91
+21.7%
20.3%ج.م46.70ج.م18.00ج.م38.6011
Feb ’24ج.م26.50
ج.م30.86
+16.5%
24.7%ج.م46.70ج.م18.00ج.م37.0011
Jan ’24ج.م25.10
ج.م29.80
+18.7%
27.8%ج.م46.70ج.م18.00ج.م37.6510
Dec ’23ج.م24.31
ج.م27.36
+12.6%
33.1%ج.م46.70ج.م18.00ج.م35.998

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 12:31
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Telecom Egypt Company is covered by 30 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Myriam ChaabouniAlphaMena
Ziad ItaniArqaam Capital Research Offshore S.A.L.
Jonathan DannBarclays