OTCPK:HLTO.Y

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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 Analysis

Adequate balance sheet second-rate dividend payer.


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

Stable Share Price: HLTO.Y has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.6%

HLTO.Y

1.0%

US Telecom

3.0%

US Market


1 Year Return

11.7%

HLTO.Y

-4.5%

US Telecom

15.8%

US Market

Return vs Industry: HLTO.Y exceeded the US Telecom industry which returned -5% over the past year.

Return vs Market: HLTO.Y underperformed the US Market which returned 15.4% over the past year.


Shareholder returns

HLTO.YIndustryMarket
7 Day1.6%1.0%3.0%
30 Day10.9%1.5%6.0%
90 Day16.0%2.0%16.4%
1 Year16.2%11.7%0.3%-4.5%18.4%15.8%
3 Year33.5%21.1%8.5%-7.1%44.8%35.4%
5 Year89.1%67.9%23.2%-4.5%75.7%56.7%

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

No news available

Valuation

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

24.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: HLTO.Y ($7.52) is trading above our estimate of fair value ($6.88)

Significantly Below Fair Value: HLTO.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: HLTO.Y is poor value based on its PE Ratio (24.2x) compared to the US Telecom industry average (13.7x).

PE vs Market: HLTO.Y is poor value based on its PE Ratio (24.2x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: HLTO.Y is poor value based on its PEG Ratio (2.3x)


Price to Book Ratio

PB vs Industry: HLTO.Y is overvalued based on its PB Ratio (2.8x) compared to the US Telecom industry average (1.5x).


Next Steps

Future Growth

How is Hellenic Telecommunications Organization forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

10.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HLTO.Y's forecast earnings growth (10.3% per year) is above the savings rate (2.2%).

Earnings vs Market: HLTO.Y's earnings (10.3% per year) are forecast to grow slower than the US market (22.6% per year).

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

Revenue vs Market: HLTO.Y's revenue (1% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: HLTO.Y's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HLTO.Y's Return on Equity is forecast to be high in 3 years time (24.1%)


Next Steps

Past Performance

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

11.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HLTO.Y has a large one-off loss of €394.7M impacting its June 30 2020 financial results.

Growing Profit Margin: HLTO.Y's current net profit margins (6.1%) are lower than last year (7.2%).


Past Earnings Growth Analysis

Earnings Trend: HLTO.Y's earnings have grown by 11.7% per year over the past 5 years.

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

Earnings vs Industry: HLTO.Y had negative earnings growth (-11.7%) over the past year, making it difficult to compare to the Telecom industry average (-22%).


Return on Equity

High ROE: HLTO.Y's Return on Equity (3.6%) is considered low.


Next Steps

Financial Health

How is Hellenic Telecommunications Organization's financial position?


Financial Position Analysis

Short Term Liabilities: HLTO.Y's short term assets (€2.0B) do not cover its short term liabilities (€2.4B).

Long Term Liabilities: HLTO.Y's short term assets (€2.0B) exceed its long term liabilities (€1.7B).


Debt to Equity History and Analysis

Debt Level: HLTO.Y's debt to equity ratio (72.9%) is considered high.

Reducing Debt: HLTO.Y's debt to equity ratio has reduced from 85.6% to 72.9% over the past 5 years.

Debt Coverage: HLTO.Y's debt is well covered by operating cash flow (75.5%).

Interest Coverage: HLTO.Y's interest payments on its debt are well covered by EBIT (7.8x coverage).


Balance Sheet


Next Steps

Dividend

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

4.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HLTO.Y's dividend (4.26%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: HLTO.Y's dividend (4.26%) is low compared to the top 25% of dividend payers in the US market (4.45%).


Stability and Growth of Payments

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

Growing Dividend: HLTO.Y's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (103.1%), HLTO.Y's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HLTO.Y's dividends in 3 years are forecast to be covered by earnings (70.5% payout ratio).


Next Steps

Management

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

7.5yrs

Average management tenure


CEO

Michael Tsamaz (61 yo)

9.75yrs

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Michael Tsamaz
Chairman9.75yrsno datano data
Charalampos Mazarakis
Group CFO & Executive Director8.08yrsno datano data
Stefanos Theocharopoulos
Director and Group Chief Technology & Operations Officerno datano datano data
Anastasios Kapenis
Accounting Directorno datano datano data
Evrikos Sarsentis
Head of Mergers6yrsno datano data
Aristodimos Dimitriadis
Executive Director of Complianceno datano datano data
Eirini Nikolaidi
Chief Legal & Regulatory Affairs Officer and Group Legal Counselno datano datano data
Deppie Tzimea
Group Corporate Communications Executive Director5.08yrsno datano data
Elena Papadopoulou
Group Chief Human Resources Officer5.42yrsno datano data
Konstantinos Ploumpis
Chief Regulatory Officerno datano datano data
George Athanasopoulos
Group Chief Information Technology Officerno datano datano data
Emily Filippou-Klopfer
Head of Group Controlling7.58yrsno datano data

7.5yrs

Average Tenure

55yo

Average Age

Experienced Management: HLTO.Y's management team is seasoned and experienced (7.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Tsamaz
Chairman9.75yrsno datano data
Charalampos Mazarakis
Group CFO & Executive Director8.08yrsno datano data
Stefanos Theocharopoulos
Director and Group Chief Technology & Operations Officerno datano datano data
Aristodimos Dimitriadis
Executive Director of Complianceno datano datano data
Georgios Christodoulopoulos
Director & Head of Group Procurementno datano datano data
Grigoris Christopoulos
Group Chief Commercial Officer of Business Segment & Directorno datano datano data
Konstantinos Apostolides
Vice Chairmanno datano datano data
Srinivasan Gopalan
Non-Executive Director3.58yrsno datano data
Robert Hauber
Non-Executive Director3.33yrsno datano data
Kyra Orth
Non-Executive Director2.17yrsno datano data
Michael Wilkens
Non-Executive Director2.17yrsno datano data
Eelco Blok
Independent Vice-Chairman1.17yrsno datano data

3.3yrs

Average Tenure

52.5yo

Average Age

Experienced Board: HLTO.Y's board of directors are considered experienced (3.3 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.


Top Shareholders

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: HLTO.Y
  • Exchange: OTCPK
  • Founded: 1949
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: €5.992b
  • Listing Market Cap: €7.098b
  • Shares outstanding: 464.53m
  • 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
OTESLSE (London Stock Exchange)LVL III ADS EACH REP 1/2 ORD EUR2.83GBUSDNov 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 Analysis2020/08/06 23:47
End of Day Share Price2020/08/06 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.