ATSE:HTO

Stock Analysis Report

Hellenic Telecommunications Organization

Executive Summary

Hellenic Telecommunications Organization S.A., together with its subsidiaries, provides telecommunications and related services to businesses and individuals primarily in Greece and Romania.

Snowflake

Fundamentals

Adequate balance sheet with proven track record.


Similar Companies

Share Price & News

How has Hellenic Telecommunications Organization's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.8%

HTO

2.3%

GR Telecom

2.7%

GR Market


1 Year Return

40.3%

HTO

7.6%

GR Telecom

28.4%

GR Market

Return vs Industry: HTO exceeded the Greek Telecom industry which returned 7.6% over the past year.

Return vs Market: HTO exceeded the Greek Market which returned 28.4% over the past year.


Shareholder returns

HTOIndustryMarket
7 Day3.8%2.3%2.7%
30 Day6.5%5.2%0.9%
90 Day8.9%7.0%1.3%
1 Year46.3%40.3%13.1%7.6%32.5%28.4%
3 Year82.4%66.9%12.9%-1.3%56.7%42.9%
5 Year52.6%36.5%19.2%-4.1%-77.5%-78.1%

Price Volatility Vs. Market

How volatile is Hellenic Telecommunications Organization's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hellenic Telecommunications Organization undervalued compared to its fair value and its price relative to the market?

26.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: HTO (€13.5) is trading above our estimate of fair value (€6.02)

Significantly Undervalued: HTO is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HTO is poor value based on its PE Ratio (26.8x) compared to the Telecom industry average (21.7x).

PE vs Market: HTO is poor value based on its PE Ratio (26.8x) compared to the Greek market (16.5x).


Price to Earnings Growth Ratio

Low PEG Ratio: HTO is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: HTO is overvalued based on its PB Ratio (3.2x) compared to the XE Telecom industry average (1.9x).


Next Steps

Future Growth

How is Hellenic Telecommunications Organization forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

12.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTO's forecast earnings growth (12.1% per year) is above the savings rate (4.9%).

Earnings vs Market: HTO's earnings (12.1% per year) are forecast to grow slower than the Greek market (16.5% per year).

High Growth Earnings: HTO's earnings are forecast to grow, but not significantly.

Revenue vs Market: HTO's revenue (0.6% per year) is forecast to grow slower than the Greek market (3.9% per year).

High Growth Revenue: HTO's revenue (0.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: HTO's Return on Equity is forecast to be high in 3 years time (20.1%)


Next Steps

Past Performance

How has Hellenic Telecommunications Organization performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HTO's earnings have grown by 7.6% per year over the past 5 years.

Accelerating Growth: HTO's earnings growth over the past year (11.6%) exceeds its 5-year average (7.6% per year).

Earnings vs Industry: HTO earnings growth over the past year (11.6%) exceeded the Telecom industry 10.1%.


Return on Equity

High ROE: HTO's Return on Equity (9.8%) is considered low.


Return on Assets

ROA vs Industry: HTO's Return on Assets is below or equal to the Telecom industry average last year.


Return on Capital Employed

ROCE Improving: HTO has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Hellenic Telecommunications Organization's financial position?


Financial Position Analysis

Short Term Liabilities: HTO's short term assets (€2.1B) do not cover its short term liabilities (€2.5B)

Long Term Liabilities: HTO's short term assets (2.1B) exceeds its long term liabilities (2.0B)


Debt to Equity History and Analysis

Debt Level: HTO's debt to equity ratio (75.2%) is considered high

Reducing Debt: HTO's debt to equity ratio has reduced from 105.8% to 75.2% over the past 5 years.

Debt Coverage: HTO's debt is well covered by operating cash flow (64.3%).

Interest Coverage: HTO's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet

Inventory Level: HTO has a high level of physical assets or inventory.

Debt Coverage by Assets: HTO's debt is covered by short term assets (assets are 1.223050x debt).


Next Steps

Dividend

What is Hellenic Telecommunications Organization's current dividend yield, its reliability and sustainability?

3.41%

Current Dividend Yield


Dividend Yield vs Market

company3.4%marketbottom25%1.9%markettop25%3.6%industryaverage4.7%forecastin3Years4.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: HTO's dividend (3.41%) is higher than the bottom 25% of dividend payers in the Greek market (1.89%).

High Dividend: HTO's dividend (3.41%) is low compared to the top 25% of dividend payers in the Greek market (3.62%).

Stable Dividend: HTO's dividend payments have been volatile in the past 10 years.

Growing Dividend: HTO's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (91.4%), HTO's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HTO's dividends in 3 years are forecast to be covered by earnings (71.3% payout ratio).


Next Steps

Management

What is the CEO of Hellenic Telecommunications Organization's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average management tenure


CEO

Michael Tsamaz (60yo)

8.9yrs

Tenure

0

Mr. Michael Tsamaz has been the Chairman and Chief Executive Officer of Hellenic Telecommunications Organization S.A. since November 3, 2010 and serves as its Managing Director. Mr. Tsamaz serves as the Ch ...


Management Age and Tenure

6.5yrs

Average Tenure

52.5yo

Average Age

Experienced Management: HTO's management team is seasoned and experienced (6.5 years average tenure).


Board Age and Tenure

1.9yrs

Average Tenure

51.5yo

Average Age

Experienced Board: HTO's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Michael Tsamaz (60yo)

    Chairman

    • Tenure: 8.9yrs
  • Babis Mazarakis (55yo)

    Group CFO & Executive Director

    • Tenure: 7.3yrs
  • Stefanos Theocharopoulos (49yo)

    Group Chief Technology & Operations Officer

    • Tenure: 6.5yrs
  • Eirini Nikolaidi (50yo)

    Chief Legal & Regulatory Affairs Officer and Group Legal Counsel

    • Tenure: 0yrs
  • Konstantinos Ploumpis (51yo)

    Chief Regulatory Officer

    • Tenure: 0yrs
  • Evrikos Sarsentis

    Head of Mergers

    • Tenure: 5.2yrs
  • Aristodimos Dimitriadis (54yo)

    Executive Director of Compliance

    • Tenure: 6.9yrs
  • Elena Papadopoulou

    Group Chief Human Resources Officer

    • Tenure: 4.6yrs
  • Deppie Tzimea

    Group Corporate Communications Executive Director

    • Tenure: 4.3yrs
  • Anastasios Kapenis

    Accounting Director

    • Tenure: 0yrs

Board Members

  • Michael Tsamaz (60yo)

    Chairman

    • Tenure: 8.9yrs
  • Babis Mazarakis (55yo)

    Group CFO & Executive Director

    • Tenure: 7.3yrs
  • Dimitri Georgoutsos

    Non-Executive Director

    • Tenure: 0.08yrs
  • Srini Gopalan (48yo)

    Non-Executive Director

    • Tenure: 2.8yrs
  • Robert Hauber (48yo)

    Non-Executive Director

    • Tenure: 2.5yrs
  • Vasilis Vassalos

    Non-Executive Director

    • Tenure: 0.08yrs
  • Andreas Psathas

    Independent Non-Executive Director

    • Tenure: 3.7yrs
  • Kyra Orth

    Non-Executive Director

    • Tenure: 1.3yrs
  • Michael Wilkens

    Non-Executive Director

    • Tenure: 1.3yrs
  • Eelco Blok

    Independent Vice-Chairman

    • Tenure: 0.3yrs

Company Information

Hellenic Telecommunications Organization S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hellenic Telecommunications Organization S.A.
  • Ticker: HTO
  • Exchange: ATSE
  • Founded: 1949
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: €6.384b
  • Shares outstanding: 472.86m
  • Website: https://www.cosmote.gr/cs/otegroup/en/ote_ae.html

Number of Employees


Location

  • Hellenic Telecommunications Organization S.A.
  • 99 Kifissias Avenue
  • Maroussi
  • Athens
  • 151 24
  • Greece

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HLTO.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDMay 1996
HTOATSE (The Athens Stock Exchange)YesOrdinary SharesGREURMay 1996
OTEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURMay 1996
0FIZLSE (London Stock Exchange)YesOrdinary SharesGBEURMay 1996
HLTO.YOTCPK (Pink Sheets LLC)LVL III ADS EACH REP 1/2 ORD EUR2.83USUSDNov 1998
OTESDB (Deutsche Boerse AG)LVL III ADS EACH REP 1/2 ORD EUR2.83DEEURNov 1998

Biography

Hellenic Telecommunications Organization S.A., together with its subsidiaries, provides telecommunications and related services to businesses and individuals primarily in Greece and Romania. It operates th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:49
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.