Telephone and Data Systems Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TDS.PRV ($19.27) is trading above our estimate of fair value ($18.66)

Significantly Below Fair Value: TDS.PRV is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TDS.PRV?

Key metric: As TDS.PRV is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TDS.PRV. This is calculated by dividing TDS.PRV's market cap by their current revenue.
What is TDS.PRV's PS Ratio?
PS Ratio	0.7x
Sales	US$5.04b
Market Cap	US$3.55b

TDS.PRV 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/Revenue	2x
Enterprise Value/EBITDA	8.9x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does TDS.PRV's PS Ratio compare to its peers?

The above table shows the PS ratio for TDS.PRV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.3x
USM United States Cellular	1.4x	0.9%	US$5.3b
TIGO Millicom International Cellular	0.8x	2.1%	US$4.6b
VEON VEON	0.6x	7.7%	US$2.3b
GOGO Gogo	2.3x	10.6%	US$948.4m
TDS.PRV Telephone and Data Systems	0.7x	-1.8%	US$3.5b

Price-To-Sales vs Peers: TDS.PRV is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does TDS.PRV's PS Ratio compare vs other companies in the US Wireless Telecom Industry?

2 Companies	Price / Sales	Estimated Growth	Market Cap
KORE KORE Group Holdings	0.1x	4.6%	US$36.19m
TIOG Tingo Group	0.0005x	n/a	US$1.26m

No more companies available in this PS range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: TDS.PRV is good value based on its Price-To-Sales Ratio (0.7x) compared to the Global Wireless Telecom industry average (1.3x).

Price to Sales Ratio vs Fair Ratio

What is TDS.PRV'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.

TDS.PRV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.7x
Fair PS Ratio	1x

Price-To-Sales vs Fair Ratio: TDS.PRV is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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