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TEL

CNTEE Transelectrica BVB:TEL Stock Report

Last Price

RON18.85

Market Cap

RON1.4b

7D

1.9%

1Y

-22.1%

Updated

11 Aug, 2022

Data

Company Financials +
TEL fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance1/6
Financial Health5/6
Dividends1/6

TEL Stock Overview

CNTEE Transelectrica SA acts as a transmission and system operator of the national power system.

CNTEE Transelectrica Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CNTEE Transelectrica
Historical stock prices
Current Share PriceRON18.85
52 Week HighRON25.90
52 Week LowRON16.90
Beta0.49
1 Month Change4.72%
3 Month Change0.27%
1 Year Change-22.11%
3 Year Change-5.75%
5 Year Change-32.68%
Change since IPO-17.33%

Recent News & Updates

Apr 28
Rainbows and Unicorns: The CNTEE Transelectrica SA (BVB:TEL) Analyst Just Became A Lot More Optimistic

Rainbows and Unicorns: The CNTEE Transelectrica SA (BVB:TEL) Analyst Just Became A Lot More Optimistic

Celebrations may be in order for CNTEE Transelectrica SA ( BVB:TEL ) shareholders, with the covering analyst delivering...

Jun 08
CNTEE Transelectrica (BVB:TEL) Has A Rock Solid Balance Sheet

CNTEE Transelectrica (BVB:TEL) Has A Rock Solid Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

May 21
Calculating The Intrinsic Value Of CNTEE Transelectrica SA (BVB:TEL)

Calculating The Intrinsic Value Of CNTEE Transelectrica SA (BVB:TEL)

Today we will run through one way of estimating the intrinsic value of CNTEE Transelectrica SA ( BVB:TEL ) by taking...

Shareholder Returns

TELRO Electric UtilitiesRO Market
7D1.9%0.2%-0.1%
1Y-22.1%-3.0%6.4%

Return vs Industry: TEL underperformed the RO Electric Utilities industry which returned -2.7% over the past year.

Return vs Market: TEL underperformed the RO Market which returned 5.7% over the past year.

Price Volatility

Is TEL's price volatile compared to industry and market?
TEL volatility
TEL Average Weekly Movement3.0%
Electric Utilities Industry Average Movement5.3%
Market Average Movement3.8%
10% most volatile stocks in RO Market6.4%
10% least volatile stocks in RO Market2.6%

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

Volatility Over Time: TEL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20002,842n/ahttps://www.transelectrica.ro

CNTEE Transelectrica SA acts as a transmission and system operator of the national power system. It manages and operates the electricity transmission system and provides the electricity exchanges between the central and eastern European countries as European network of transmission and system operators for electricity. The company is also involved in the electricity transmission, system and market operation, and grid and market infrastructure development.

CNTEE Transelectrica Fundamentals Summary

How do CNTEE Transelectrica's earnings and revenue compare to its market cap?
TEL fundamental statistics
Market CapRON1.38b
Earnings (TTM)RON1.30m
Revenue (TTM)RON3.78b

1,060x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TEL income statement (TTM)
RevenueRON3.78b
Cost of RevenueRON3.09b
Gross ProfitRON696.79m
Other ExpensesRON695.49m
EarningsRON1.30m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 12, 2022

Earnings per share (EPS)0.018
Gross Margin18.41%
Net Profit Margin0.034%
Debt/Equity Ratio3.2%

How did TEL perform over the long term?

See historical performance and comparison

Dividends

4.6%

Current Dividend Yield

4,891%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is TEL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TEL?

Other financial metrics that can be useful for relative valuation.

TEL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA4.4x
PEG Ratio15.8x

Price to Sales Ratio vs Peers

How does TEL's PS Ratio compare to its peers?

TEL PS Ratio vs Peers
The above table shows the PS ratio for TEL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.8x
EL Societatea Energetica Electrica
0.4x2.6%RON3.0b
SNN S.N. Nuclearelectrica
4.6x4.9%RON14.5b
CEZD Electrodistribution Grid West AD
1.3xn/aлв566.8m
A130660 Korea Electric Power Industrial Development
1.1xn/a₩360.2b
TEL CNTEE Transelectrica
0.4x2.1%RON1.4b

Price-To-Sales vs Peers: TEL is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (1.8x).


Price to Earnings Ratio vs Industry

How does TEL's PE Ratio compare vs other companies in the European Electric Utilities Industry?

Price-To-Sales vs Industry: TEL is expensive based on its Price-To-Sales Ratio (0.4x) compared to the European Electric Utilities industry average (0.4x)


Price to Sales Ratio vs Fair Ratio

What is TEL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TEL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: TEL is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).


Share Price vs Fair Value

What is the Fair Price of TEL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TEL (RON18.85) is trading below our estimate of fair value (RON98.75)

Significantly Below Fair Value: TEL is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is CNTEE Transelectrica forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


67.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TEL's forecast earnings growth (67.2% per year) is above the savings rate (1.1%).

Earnings vs Market: TEL's earnings (67.2% per year) are forecast to grow faster than the RO market (8.7% per year).

High Growth Earnings: TEL's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TEL's revenue (2.1% per year) is forecast to grow slower than the RO market (4.2% per year).

High Growth Revenue: TEL's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TEL's Return on Equity is forecast to be low in 3 years time (4%).


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Past Performance

How has CNTEE Transelectrica 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


-12.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TEL has high quality earnings.

Growing Profit Margin: TEL's current net profit margins (0.03%) are lower than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: TEL's earnings have declined by 12.7% per year over the past 5 years.

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

Earnings vs Industry: TEL had negative earnings growth (-99.1%) over the past year, making it difficult to compare to the Electric Utilities industry average (6.5%).


Return on Equity

High ROE: TEL's Return on Equity (0.04%) is considered low.


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Financial Health

How is CNTEE Transelectrica's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TEL's short term assets (RON3.3B) exceed its short term liabilities (RON3.1B).

Long Term Liabilities: TEL's short term assets (RON3.3B) exceed its long term liabilities (RON743.7M).


Debt to Equity History and Analysis

Debt Level: TEL has more cash than its total debt.

Reducing Debt: TEL's debt to equity ratio has reduced from 21% to 3.2% over the past 5 years.

Debt Coverage: TEL's debt is well covered by operating cash flow (186.2%).

Interest Coverage: TEL's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet


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Dividend

What is CNTEE Transelectrica 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

  • Cash Flow Coverage


4.61%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: TEL's dividend (4.62%) is higher than the bottom 25% of dividend payers in the RO market (2.85%).

High Dividend: TEL's dividend (4.62%) is low compared to the top 25% of dividend payers in the RO market (7.2%).


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (4890.7%), TEL's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: TEL is paying a dividend but the company has no free cash flows.


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Management

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

0.7yrs

Average management tenure


CEO

CNTEE Transelectrica has no CEO, or we have no data on them.


Leadership Team

Experienced Management: TEL's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: TEL's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Top Shareholders

Company Information

CNTEE Transelectrica SA's employee growth, exchange listings and data sources


Key Information

  • Name: CNTEE Transelectrica SA
  • Ticker: TEL
  • Exchange: BVB
  • Founded: 2000
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: RON1.382b
  • Shares outstanding: 73.30m
  • Website: https://www.transelectrica.ro

Number of Employees


Location

  • CNTEE Transelectrica SA
  • Boulevard General Gheorghe Magheru 33
  • Bucharest
  • 10325
  • Romania

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.