OTCPK:ILIA.Y

Stock Analysis Report

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Executive Summary

iliad S.A. provides integrated fixed and mobile telecommunications services in France and Italy. More Details


Snowflake Analysis

Solid track record and good value.


Similar Companies

Share Price & News

How has iliad's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

ILIA.Y

0.4%

US Telecom

0.08%

US Market


1 Year Return

60.5%

ILIA.Y

-11.6%

US Telecom

12.8%

US Market

Return vs Industry: ILIA.Y exceeded the US Telecom industry which returned -4.3% over the past year.

Return vs Market: ILIA.Y exceeded the US Market which returned 21.3% over the past year.


Shareholder returns

ILIA.YIndustryMarket
7 Day0%0.4%0.08%
30 Day0%-0.2%-1.8%
90 Dayn/a2.3%7.2%
1 Year62.4%60.5%-7.1%-11.6%15.3%12.8%
3 Year-32.4%-33.8%7.4%-8.0%39.2%29.9%
5 Year-28.3%-30.0%32.1%2.5%88.3%67.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ILIA.Y ($8.3) is trading below our estimate of fair value ($28.2)

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


Price To Earnings Ratio

PE vs Industry: ILIA.Y is good value based on its PE Ratio (5.6x) compared to the US Telecom industry average (11.7x).

PE vs Market: ILIA.Y is good value based on its PE Ratio (5.6x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: ILIA.Y's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ILIA.Y is overvalued based on its PB Ratio (1.9x) compared to the US Telecom industry average (1.4x).


Next Steps

Future Growth

How is iliad forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

-32.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ILIA.Y's earnings are forecast to decline over the next 3 years (-32.5% per year).

Earnings vs Market: ILIA.Y's earnings are forecast to decline over the next 3 years (-32.5% per year).

High Growth Earnings: ILIA.Y's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ILIA.Y's revenue (5% per year) is forecast to grow slower than the US market (9.6% per year).

High Growth Revenue: ILIA.Y's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ILIA.Y's Return on Equity is forecast to be low in 3 years time (8.1%).


Next Steps

Past Performance

How has iliad performed over the past 5 years?

22.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ILIA.Y has a high level of non-cash earnings.

Growing Profit Margin: ILIA.Y's current net profit margins (32.2%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: ILIA.Y's earnings have grown significantly by 22.2% per year over the past 5 years.

Accelerating Growth: ILIA.Y's earnings growth over the past year (432.2%) exceeds its 5-year average (22.2% per year).

Earnings vs Industry: ILIA.Y earnings growth over the past year (432.2%) exceeded the Telecom industry -13.5%.


Return on Equity

High ROE: ILIA.Y's Return on Equity (33%) is considered high.


Next Steps

Financial Health

How is iliad's financial position?


Financial Position Analysis

Short Term Liabilities: ILIA.Y's short term assets (€4.8B) do not cover its short term liabilities (€5.6B).

Long Term Liabilities: ILIA.Y's short term assets (€4.8B) do not cover its long term liabilities (€7.3B).


Debt to Equity History and Analysis

Debt Level: ILIA.Y's debt to equity ratio (99.5%) is considered high.

Reducing Debt: ILIA.Y's debt to equity ratio has increased from 48.9% to 99.5% over the past 5 years.

Debt Coverage: ILIA.Y's debt is well covered by operating cash flow (33.4%).

Interest Coverage: ILIA.Y's interest payments on its debt are not well covered by EBIT (1.5x coverage).


Balance Sheet


Next Steps

Dividend

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

0.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ILIA.Y's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: ILIA.Y's dividend (0.54%) is low compared to the top 25% of dividend payers in the US market (4.41%).


Stability and Growth of Payments

Stable Dividend: ILIA.Y is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: ILIA.Y is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: ILIA.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ILIA.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Thomas Reynaud (46 yo)

2.25yrs

Tenure

€2,339,100

Compensation

Mr. Thomas Reynaud has been the Chief Executive Officer of Iliad SA since May 21, 2018. Mr. Reynaud has been Senior Vice-President of Iliad SA since 2010 and served as its Head of Business Development sinc ...


CEO Compensation Analysis

Compensation vs Market: Thomas's total compensation ($USD2.76M) is below average for companies of similar size in the US market ($USD11.33M).

Compensation vs Earnings: Thomas's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Reynaud
CEO & Director2.25yrs€2.34m0.15%
€ 21.3m
Xavier Niel
Co-Founder & Director16.08yrs€189.00k59.28%
€ 8.2b
Antoine Levavasseur
Senior Vice President13.17yrs€1.12m0.85%
€ 117.8m
Rani Assaf
Senior Vice-Presidentno data€1.12m1.27%
€ 175.7m
Nicolas Jaeger
Chief Financial Officerno datano datano data
Serge Ferreira
Chief Legal Officerno datano datano data
Camille Perrin
Chief Marketing Officerno datano datano data
Aude Mercier
Chief Human Resources Officerno datano datano data
Benedetto Levi
Chief Executive Officer of Italian Mobile Operations2.58yrsno datano data
Shahrzad Sharvan
Deputy Corporate Secretaryno datano datano data

2.6yrs

Average Tenure

45.5yo

Average Age

Experienced Management: ILIA.Y's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Reynaud
CEO & Director2.25yrs€2.34m0.15%
€ 21.3m
Xavier Niel
Co-Founder & Director16.08yrs€189.00k59.28%
€ 8.2b
Jacques Veyrat
Independent Director0.58yrno datano data
Orla Noonan
Independent Director11.17yrs€36.00k0.00043%
€ 59.3k
Maxime Lombardini
Deputy Chairman0.42yr€1.31m0.16%
€ 22.3m
Virginie Calmels
Independent Director11.17yrs€36.00k0.00021%
€ 28.9k
Cyril Poidatz
Director16.67yrsno data1.15%
€ 158.2m
Ilan Dahan
Employee Representative Director4.75yrsno datano data
Bertille Burel
Independent Director3.25yrs€12.75k0.00014%
€ 19.3k
Celine Lazorthes
Independent Director0.58yrno datano data

8.0yrs

Average Tenure

50yo

Average Age

Experienced Board: ILIA.Y's board of directors are considered experienced (8 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 been diluted in the past year, with total shares outstanding growing by 19.1%.


Top Shareholders

Company Information

iliad S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: iliad S.A.
  • Ticker: ILIA.Y
  • Exchange: OTCPK
  • Founded: 1999
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Market Cap: €11.702b
  • Listing Market Cap: €13.785b
  • Shares outstanding: 70.07m
  • Website: https://www.iliad.fr

Number of Employees


Location

  • iliad S.A.
  • 16 rue de la Ville-l’Evêque
  • Paris
  • Ile-de-France
  • 75008
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ILIA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 2004
ILDENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 2004
IL2DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 2004
0MGYLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 2004
ILDPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 2004
IL2ETLX (Eurotlx)YesOrdinary SharesITEURJan 2004
ILIA.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMar 2013

Biography

iliad S.A. provides integrated fixed and mobile telecommunications services in France and Italy. The company offers VoIP, IPTV, and flat-rate calling plans, as well as provides Freebox, a multiservice box ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/23 05:46
End of Day Share Price2020/05/26 00:00
Earnings2019/12/31
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.