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Budget Telecom

ENXTPA:ALBUD
Snowflake Description

Exceptional growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ALBUD
ENXTPA
€17M
Market Cap
  1. Home
  2. FR
  3. Telecom
Company description

Budget Telecom S.A. provides telecommunication services in France. The last earnings update was 81 days ago. More info.


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ALBUD Share Price and Events
7 Day Returns
-5.1%
ENXTPA:ALBUD
-1.8%
FR Telecom
-0.2%
FR Market
1 Year Returns
-21.5%
ENXTPA:ALBUD
-12%
FR Telecom
2.8%
FR Market
ALBUD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Budget Telecom (ALBUD) -5.1% -0.7% -13% -21.5% 1101.8% 185.2%
FR Telecom -1.8% -6.3% -9% -12% -16.6% -6.5%
FR Market -0.2% 0.7% -0.2% 2.8% 33.2% 37.7%
1 Year Return vs Industry and Market
  • ALBUD underperformed the Telecom industry which returned -12% over the past year.
  • ALBUD underperformed the Market in France which returned 2.8% over the past year.
Price Volatility
ALBUD
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Budget Telecom's competitors could be found in our database.

Value

 Is Budget Telecom undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Budget Telecom to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Budget Telecom.

ENXTPA:ALBUD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year FR Government Bond Rate 0.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ENXTPA:ALBUD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FR Govt Bond Rate 0.7%
Equity Risk Premium S&P Global 6.7%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.35
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.349 (1 + (1- 33%) (5.74%))
0.573
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (0.8 * 6.65%)
6.05%

Discounted Cash Flow Calculation for ENXTPA:ALBUD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Budget Telecom is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ENXTPA:ALBUD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.05%)
2020 3.02 Analyst x1 2.85
2021 5.04 Analyst x1 4.48
2022 5.11 Est @ 1.29% 4.28
2023 5.16 Est @ 1.12% 4.08
2024 5.21 Est @ 1.01% 3.89
2025 5.26 Est @ 0.92% 3.70
2026 5.31 Est @ 0.87% 3.52
2027 5.35 Est @ 0.83% 3.34
2028 5.39 Est @ 0.8% 3.18
2029 5.44 Est @ 0.78% 3.02
Present value of next 10 years cash flows €36.34
ENXTPA:ALBUD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €5.44 × (1 + 0.73%) ÷ (6.05% – 0.73%)
€102.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €102.95 ÷ (1 + 6.05%)10
€57.20
ENXTPA:ALBUD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €36.34 + €57.20
€93.53
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €93.53 / 5.01
€18.68
ENXTPA:ALBUD Discount to Share Price
Calculation Result
Value per share (EUR) From above. €18.68
Current discount Discount to share price of €3.37
= -1 x (€3.37 - €18.68) / €18.68
82%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Budget Telecom is available for.
Intrinsic value
>50%
Share price is €3.37 vs Future cash flow value of €18.68
Current Discount Checks
For Budget Telecom to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Budget Telecom's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Budget Telecom's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Budget Telecom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Budget Telecom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ENXTPA:ALBUD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €-0.53
ENXTPA:ALBUD Share Price ** ENXTPA (2019-07-19) in EUR €3.37
France Telecom Industry PE Ratio Median Figure of 5 Publicly-Listed Telecom Companies 16.63x
France Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.64x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Budget Telecom.

ENXTPA:ALBUD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ALBUD Share Price ÷ EPS (both in EUR)

= 3.37 ÷ -0.53

-6.39x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Budget Telecom is loss making, we can't compare its value to the FR Telecom industry average.
  • Budget Telecom is loss making, we can't compare the value of its earnings to the France market.
Price based on expected Growth
Does Budget Telecom's expected growth come at a high price?
Raw Data
ENXTPA:ALBUD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -6.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
99.9%per year
Europe Telecom Industry PEG Ratio Median Figure of 35 Publicly-Listed Telecom Companies 1.92x
France Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Budget Telecom, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Budget Telecom's assets?
Raw Data
ENXTPA:ALBUD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €0.51
ENXTPA:ALBUD Share Price * ENXTPA (2019-07-19) in EUR €3.37
France Telecom Industry PB Ratio Median Figure of 6 Publicly-Listed Telecom Companies 1.73x
France Market PB Ratio Median Figure of 614 Publicly-Listed Companies 1.47x
ENXTPA:ALBUD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ALBUD Share Price ÷ Book Value per Share (both in EUR)

= 3.37 ÷ 0.51

6.6x

* Primary Listing of Budget Telecom.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Budget Telecom is overvalued based on assets compared to the FR Telecom industry average.
X
Value checks
We assess Budget Telecom's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Budget Telecom has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Budget Telecom expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
99.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Budget Telecom expected to grow at an attractive rate?
  • Budget Telecom's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
  • Budget Telecom's earnings growth is expected to exceed the France market average.
  • Budget Telecom's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
Raw Data
ENXTPA:ALBUD Future Growth Rates Data Sources
Data Point Source Value (per year)
ENXTPA:ALBUD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 99.9%
ENXTPA:ALBUD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 24.6%
France Telecom Industry Earnings Growth Rate Market Cap Weighted Average 14.4%
Europe Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
France Market Earnings Growth Rate Market Cap Weighted Average 12.7%
France Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ENXTPA:ALBUD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ENXTPA:ALBUD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 47 5 4 1
2020-12-31 41 4 2 1
2019-12-31 33 2 0 1
ENXTPA:ALBUD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 21 -2
2018-09-30 18 -2
2018-06-30 15 -1
2018-03-31 12 -1
2017-12-31 9 0
2017-09-30 8 0
2017-06-30 8 1
2017-03-31 8 1
2016-12-31 8 1
2016-09-30 8 -2
2016-06-30 9 -5
2016-03-31 8 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Budget Telecom's earnings are expected to grow significantly at over 20% yearly.
  • Budget Telecom's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ENXTPA:ALBUD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Budget Telecom Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ALBUD Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.65 0.65 0.65 1.00
2020-12-31 0.30 0.30 0.30 1.00
2019-12-31 0.03 0.03 0.03 1.00
ENXTPA:ALBUD Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 -0.53
2018-09-30 -0.42
2018-06-30 -0.35
2018-03-31 -0.22
2017-12-31 -0.08
2017-09-30 0.09
2017-06-30 0.28
2017-03-31 0.28
2016-12-31 0.29
2016-09-30 -0.63
2016-06-30
2016-03-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Budget Telecom is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Budget Telecom's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Budget Telecom has a total score of 6/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Budget Telecom performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Budget Telecom's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Budget Telecom does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Budget Telecom's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Budget Telecom's 1-year growth to the FR Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Budget Telecom's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Budget Telecom Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ENXTPA:ALBUD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 20.94 -2.38
2018-09-30 17.85 -1.91
2018-06-30 14.75 -1.44
2018-03-31 11.97 -0.88
2017-12-31 9.18 -0.32
2017-09-30 8.43 0.34 0.00
2017-06-30 7.67 1.00 0.00
2017-03-31 7.90 1.02 0.00
2016-12-31 8.12 1.03
2016-09-30 8.33 -2.22 -0.03
2016-06-30 8.54 -5.47 -0.05
2016-03-31 8.38 -6.58 -0.03
2015-12-31 8.22 -7.69
2015-09-30 8.40 -5.26 0.03
2015-06-30 8.58 -2.83 0.05
2015-03-31 9.20 -1.90 0.03
2014-12-31 9.83 -0.96
2014-06-30 11.58 -0.02
2014-03-31 13.09 0.19
2013-12-31 14.60 0.39
2013-06-30 17.75 1.07
2013-03-31 19.48 1.33
2012-12-31 21.20 1.58

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Budget Telecom has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Budget Telecom has efficiently used its assets last year compared to the FR Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Budget Telecom improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Budget Telecom's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Budget Telecom has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Budget Telecom's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Budget Telecom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Budget Telecom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Budget Telecom's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Budget Telecom's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 12.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Budget Telecom Company Filings, last reported 6 months ago.

ENXTPA:ALBUD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2.30 0.97 6.75
2018-09-30 2.30 0.97 6.75
2018-06-30 2.66 2.41 4.29
2018-03-31 2.66 2.41 4.29
2017-12-31 2.90 2.89 5.51
2017-09-30 2.90 2.89 5.51
2017-06-30 2.06 2.55 3.02
2017-03-31 2.06 2.55 3.02
2016-12-31 1.48 0.70 1.05
2016-09-30 1.48 0.70 1.05
2016-06-30 0.91 0.70 0.90
2016-03-31 0.91 0.70 0.90
2015-12-31 0.46 0.70 0.87
2015-09-30 0.46 0.70 0.87
2015-06-30 6.38 0.70 1.64
2015-03-31 6.38 0.70 1.64
2014-12-31 8.14 0.70 2.90
2014-06-30 9.21 0.00 2.87
2014-03-31 9.21 0.00 2.87
2013-12-31 9.11 0.00 10.96
2013-06-30 16.99 0.00 12.45
2013-03-31 16.99 0.00 12.45
2012-12-31 18.17 0.21 12.01
  • Budget Telecom's level of debt (42.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 42.1% today).
  • Unable to verify if debt is well covered by operating cash flow as Budget Telecom has not reported sufficient balance sheet data.
  • Unable to confirm if the interest payments on Budget Telecom's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Budget Telecom's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Budget Telecom has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Budget Telecom's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Budget Telecom dividends. Estimated to be 29.72% next year.
If you bought €2,000 of Budget Telecom shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Budget Telecom's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Budget Telecom's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ENXTPA:ALBUD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
France Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4.7%
France Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3%
France Minimum Threshold Dividend Yield 10th Percentile 1%
France Bottom 25% Dividend Yield 25th Percentile 1.6%
France Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ENXTPA:ALBUD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 2.00 1.00
2019-12-31 0.00 1.00
ENXTPA:ALBUD Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2015-07-15 0.000 0.000
2015-04-30 0.000 0.000
2012-04-23 0.300 9.671
2012-04-18 0.300 11.928
2011-04-29 0.000 0.000
2010-04-30 0.600 11.606
2010-04-09 0.600 9.211
2009-01-06 0.800 11.500

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Budget Telecom has not reported any payouts.
  • Unable to verify if Budget Telecom's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Budget Telecom's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Budget Telecom has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.3x coverage).
X
Income/ dividend checks
We assess Budget Telecom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Budget Telecom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Budget Telecom has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Budget Telecom's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kaled Zourray
COMPENSATION €4,500
AGE 53
TENURE AS CEO 3.4 years
CEO Bio

Mr. Kaled Zourray co-founded Budget Telecom S.A. in 1999 and serves as its Chief Executive Officer and Chairman since February 29, 2016. Mr. Zourray served as the Managing Director of Budget Telecom S.A. From 1996 to 2000, he served as Research Manager in the Marketing and Strategy Department of IDATE (Institut de l'Audiovisuel et des Télécommunications en Europe [Consulting and Research]). Before joining IDATE, he worked as a senior telecom consultant for over ten years in several companies namely WR Grace, CTI and CXP. He has been a Director of Budget Telecom SA since May 11, 2006. He graduated from ENST (Ecole Nationale Supérieure des Télécommunications (Higher National Telecommunications School)) in 1987.

CEO Compensation
  • Kaled's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kaled's remuneration is lower than average for companies of similar size in France.
Management Team

Kaled Zourray

TITLE
Co-Founder
COMPENSATION
€5K
AGE
53
TENURE
3.4 yrs

José Caballero

TITLE
Joint Chief Executive Officer
TENURE
3.2 yrs
Board of Directors Tenure

Average tenure and age of the Budget Telecom board of directors in years:

3.4
Average Tenure
53
Average Age
  • The tenure for the Budget Telecom board of directors is about average.
Board of Directors

Kaled Zourray

TITLE
Co-Founder
COMPENSATION
€5K
AGE
53
TENURE
3.4 yrs

Luc Terral

TITLE
Director
COMPENSATION
€5K
AGE
51

Vincent Maillard

TITLE
Director
COMPENSATION
€2K
TENURE
3.4 yrs

Patrick Janson

TITLE
Director
AGE
64
TENURE
3.4 yrs

Gérard Wolf

TITLE
Director
COMPENSATION
€2K
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Budget Telecom's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Budget Telecom has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Budget Telecom SA. (EPA:ALBUD): Assessing Capital Returns

ALBUD’s ROCE is calculated below: ROCE Calculation for ALBUD Return on Capital Employed (ROCE) = Earnings Before Tax (EBT) ÷ (Capital Employed) Capital Employed = (Total Assets - Current Liabilities) ∴ ROCE = €1.04M ÷ (€7.24M - €2.27M) = 20.95% ALBUD’s 20.95% ROCE means that for every €100 you invest, the company creates €21. … We can see that earnings have increased from €276.22K to €1.04M whilst capital employed fell in response to a decreased level of total assets , which is an indication that Budget Telecom has increased the ROCE for investors by producing more earnings and using less capital. … Next Steps Budget Telecom’s ROCE has increased in the recent past and is currently at a level that makes the company an attractive candidate that is capable of producing solid capital returns, and hence, an attractive return on investment.

Simply Wall St -

Should You Be Concerned About Budget Telecom SA.'s (EPA:ALBUD) Shareholders?

This level of stake with insiders indicate highly aligned interests of shareholders and company executives. … Private Company Ownership Another group of owners that a potential investor in ALBUD should consider are private companies, with a stake of 0.85%. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: A relatively significant holding of company insiders could mean high alignment with shareholders.

Simply Wall St -

Is Now The Right Time To Invest In Telco And Budget Telecom SA. (EPA:ALBUD)?

Today, I will analyse the industry outlook, and also determine whether Budget Telecom is a laggard or leader relative to its telco sector peers. … See our latest analysis for Budget Telecom What’s the catalyst for Budget Telecom's sector growth? … The company is an telco industry laggard in terms of its future growth outlook, and is trading relatively in-line with its peers.

Simply Wall St -

Budget Telecom SA. (EPA:ALBUD): What Is Driving Margins?

Margin Calculation for ALBUD Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 1.00 Million ÷ 7.67 Million = 13.08% The past five years have seen Budget Telecom's margin contract, with net income declining at -32.00% on average, which was quicker than the average fall in revenue of -25.53%, which suggests that the falling revenue has also resulted in a decline in the net income that is converted from from the top line. … This suggests the future earnings decline is driven further by an increase in costs rather than a dramatic fall in revenue potential, which is squeezing the incremental amount of net income that is retained from the forecasted revenue increase. … Thus, it is essential to run your own analysis on Budget Telecom's future expectations whilst maintaining a watchful eye over cost behaviour, because if the business is able to maintain their revenue trajectory, there may be an opportunity to return to positive earnings growth and attractive returns.

Simply Wall St -

Company Info

Description

Budget Telecom S.A. provides telecommunication services in France. It offers services in the areas of ADSL fixed telephony, mobile telephony, corporate telephony, and energy. The company was founded in 1999 and is headquartered in Montpellier, France.

Details
Name: Budget Telecom S.A.
ALBUD
Exchange: ENXTPA
Founded: 1999
€16,852,842
5,008,274
Website: http://www.budget-telecom.com
Address: Budget Telecom S.A.
52 Rue Odin,
CS 40900,
Montpellier,
Languedoc-Roussillon, 34965,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ALBUD Share Capital Euronext Paris FR EUR 12. Oct 2006
BST 9BU Share Capital Boerse-Stuttgart DE EUR 12. Oct 2006
Number of employees
Current staff
Staff numbers
27
Budget Telecom employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 20:34
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/15
Last earnings filing: 2019/04/30
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.