GO (MTSE:GO) - Share price, News & Analysis

GO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	1/6
Financial Health	2/6
Dividends	1/6

GO Stock Overview

GO p.l.c., together with its subsidiaries, provides integrated telecommunications services in Malta and Cyprus.

Rewards

Trading at 4.3% below our estimate of its fair value

Risk Analysis

Earnings have declined by 10% per year over past 5 years

Dividend of 5.62% is not well covered by earnings or forecast to be in the next 3 years

Has a high level of debt

GO Competitors

Price History & Performance

Summary of all time highs, changes and price drops for GO
Historical stock prices
Current Share Price	€3.20
52 Week High	€3.52
52 Week Low	€3.00
Beta	0.059
1 Month Change	0.63%
3 Month Change	-0.62%
1 Year Change	-8.57%
3 Year Change	-25.23%
5 Year Change	-9.86%
Change since IPO	36.07%

Recent News & Updates

Apr 16

GO's (MTSE:GO) Dividend Is Being Reduced To €0.09

GO p.l.c. ( MTSE:GO ) has announced it will be reducing its dividend payable on the 27th of May to €0.09. The dividend...

Apr 02

GO's (MTSE:GO) Dividend Will Be Reduced To €0.09

GO p.l.c. ( MTSE:GO ) is reducing its dividend to €0.09 on the 27th of May. Despite the cut, the dividend yield of 4.8...

Shareholder Returns

	GO	MT Telecom	MT Market
7D	3.2%	-0.9%	0.3%
1Y	-8.6%	1.6%	-7.3%

Return vs Industry: GO underperformed the MT Telecom industry which returned 1.6% over the past year.

Return vs Market: GO underperformed the MT Market which returned -7.3% over the past year.

Price Volatility

Is GO's price volatile compared to industry and market?
GO volatility
GO Average Weekly Movement	4.3%
Telecom Industry Average Movement	4.6%
Market Average Movement	6.5%
10% most volatile stocks in MT Market	11.9%
10% least volatile stocks in MT Market	3.6%

Stable Share Price: GO is less volatile than 75% of MT stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GO's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	1,146	Nikhil Patil	https://www.go.com.mt

GO p.l.c., together with its subsidiaries, provides integrated telecommunications services in Malta and Cyprus. The company offers fixed-line and mobile telephony, and cable and digital television services, as well as broadband, internet services, and other business communication solutions. It also provides business-related services, such as data networking solutions, business IP services, cloud services, IPLCs, managed and co-location facilities, business clients with data center facilities, and ICT solutions, as well as roaming and managed services.

GO Fundamentals Summary

How do GO's earnings and revenue compare to its market cap?
GO fundamental statistics
Market Cap	€324.19m
Earnings (TTM)	€9.91m
Revenue (TTM)	€193.67m

32.7x

P/E Ratio

1.7x

P/S Ratio

Is GO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
GO income statement (TTM)
Revenue	€193.67m
Cost of Revenue	€120.48m
Gross Profit	€73.19m
Other Expenses	€63.27m
Earnings	€9.91m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	0.098
Gross Margin	37.79%
Net Profit Margin	5.12%
Debt/Equity Ratio	116.2%

How did GO perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

164%

Payout Ratio

Valuation

Is GO undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

4.3%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: GO (€3.2) is trading below our estimate of fair value (€3.34)

Significantly Below Fair Value: GO is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: GO is poor value based on its PE Ratio (32.7x) compared to the European Telecom industry average (15.1x).

PE vs Market: GO is poor value based on its PE Ratio (32.7x) compared to the MT market (21x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GO's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: GO is overvalued based on its PB Ratio (3.3x) compared to the XE Telecom industry average (1.9x).

Future Growth

How is GO forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

12.9%

Forecasted Telecom industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GO has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has GO performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-10.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GO has high quality earnings.

Growing Profit Margin: GO's current net profit margins (5.1%) are lower than last year (7.2%).

Past Earnings Growth Analysis

Earnings Trend: GO's earnings have declined by 10% per year over the past 5 years.

Accelerating Growth: GO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GO had negative earnings growth (-25.4%) over the past year, making it difficult to compare to the Telecom industry average (22.3%).

Return on Equity

High ROE: GO's Return on Equity (9.5%) is considered low.

Financial Health

How is GO's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: GO's short term assets (€86.0M) do not cover its short term liabilities (€88.1M).

Long Term Liabilities: GO's short term assets (€86.0M) do not cover its long term liabilities (€170.6M).

Debt to Equity History and Analysis

Debt Level: GO's net debt to equity ratio (79.9%) is considered high.

Reducing Debt: GO's debt to equity ratio has increased from 67.6% to 116.2% over the past 5 years.

Debt Coverage: GO's debt is well covered by operating cash flow (53.1%).

Interest Coverage: GO's interest payments on its debt are well covered by EBIT (4.2x coverage).

Balance Sheet

Dividend

What is GO current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

5.62%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GO's dividend (5.62%) is higher than the bottom 25% of dividend payers in the MT market (2.44%).

High Dividend: GO's dividend (5.62%) is low compared to the top 25% of dividend payers in the MT market (5.63%).

Stability and Growth of Payments

Stable Dividend: GO has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GO's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (163.5%), GO's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (97.7%), GO's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

12.1yrs

Average management tenure

CEO

Nikhil Patil (46 yo)

no data

Tenure

Mr. Nikhil Prakash Patil is the Chief Executive Officer of GO p.l.c. He served as the Chief Executive Officer of Malta Properties Company plc. until June 15, 2018.Mr. Patil serves as a Director of Strateg...

Leadership Team

Experienced Management: GO's management team is seasoned and experienced (12.1 years average tenure).

Board Members

Experienced Board: GO's board of directors are considered experienced (5.7 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31