OTCPK:ILIA.Y

Stock Analysis Report

Executive Summary

Iliad SA provides retail telecommunication services in France.

Snowflake

Fundamentals

Average dividend payer with limited growth.


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


Market Performance


7 Day Return

0%

OTCPK:ILIA.Y

3.2%

US Telecom

1.3%

US Market


1 Year Return

-27.9%

OTCPK:ILIA.Y

8.4%

US Telecom

2.0%

US Market

ILIA.Y underperformed the Telecom industry which returned 8.4% over the past year.

ILIA.Y underperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

ILIA.YIndustryMarket
7 Day0%3.2%1.3%
30 Day-12.0%7.1%3.9%
90 Dayn/a10.4%3.4%
1 Year-27.5%-27.9%14.1%8.4%4.2%2.0%
3 Year-57.8%-58.3%18.1%0.9%47.2%37.6%
5 Year-58.5%-59.1%35.1%4.2%60.5%42.9%

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 based on future cash flows and its price relative to the stock market?

26.31x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Iliad's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Iliad's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Iliad is overvalued based on earnings compared to the US Telecom industry average.

Iliad is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Iliad is poor value based on expected growth next year.


Price Based on Value of Assets

Iliad is good value based on assets compared to the US Telecom industry average.


Next Steps

Future Growth

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

15.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Iliad's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).

Iliad's earnings are expected to grow by 15.7% yearly, however this is not considered high growth (20% yearly).

Iliad's revenue growth is positive but not above the United States of America market average.

Iliad's earnings growth is expected to exceed the United States of America market average.

Iliad's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Iliad is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Iliad performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Iliad's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Iliad's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Iliad's 1-year earnings growth is negative, it can't be compared to the US Telecom industry average.


Return on Equity

Iliad has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Iliad used its assets less efficiently than the US Telecom industry average last year based on Return on Assets.


Return on Capital Employed

Iliad's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Iliad's financial position?


Financial Position Analysis

Iliad's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Iliad's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Iliad's level of debt (140.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (49.6% vs 140.7% today).

Debt is well covered by operating cash flow (34.3%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

What is Iliad's current dividend yield, its reliability and sustainability?

1.28%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Iliad's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

Iliad's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (5.3x coverage).


Next Steps

Management

What is the CEO of Iliad's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Thomas Reynaud (45yo)

1.3yrs

Tenure

€2,188,752

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

Thomas's remuneration is lower than average for companies of similar size in United States of America.

Thomas's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.8yrs

Average Tenure

44.5yo

Average Age

The average tenure for the Iliad management team is less than 2 years, this suggests a new team.


Board Age and Tenure

11.3yrs

Average Tenure

52yo

Average Age

The average tenure for the Iliad board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Cyril Poidatz (57yo)

    Corporate Secretary & Director

    • Tenure: 15.8yrs
    • Compensation: €179.12k
  • Xavier Niel (52yo)

    Founder

    • Tenure: 15.2yrs
    • Compensation: €189.00k
  • Antoine Levavasseur (42yo)

    Deputy CEO

    • Tenure: 14.3yrs
    • Compensation: €1.99m
  • Rani Assaf (44yo)

    Deputy CEO & Senior VP

    • Tenure: 0yrs
    • Compensation: €1.99m
  • Nicolas Jaeger

    Chief Financial Officer

    • Tenure: 0yrs
  • Thomas Reynaud (45yo)

    CEO & Director

    • Tenure: 1.3yrs
    • Compensation: €2.19m
  • Alexis Bidinot (31yo)

    Deputy CEO & Senior VP

    • Tenure: 1.8yrs
    • Compensation: €2.01m
  • Aude Mercier

    Chief Human Resources Officer

    • Tenure: 0yrs
  • Serge Ferreira

    Chief Legal Officer

    • Tenure: 0yrs
  • Camille Perrin

    Chief Marketing Officer

    • Tenure: 0yrs

Board Members

  • Orla Noonan (49yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: €30.00k
  • Pierre Pringuet (69yo)

    Independent Director

    • Tenure: 12.2yrs
    • Compensation: €30.00k
  • Maxime Lombardini (54yo)

    Chairman of the Board of Directors

    • Tenure: 1.3yrs
    • Compensation: €2.19m
  • Virginie Calmels (48yo)

    Independent Director

    • Tenure: 10.3yrs
    • Compensation: €30.00k
  • Cyril Poidatz (57yo)

    Corporate Secretary & Director

    • Tenure: 15.8yrs
    • Compensation: €179.12k
  • Xavier Niel (52yo)

    Founder

    • Tenure: 15.2yrs
    • Compensation: €189.00k
  • Antoine Levavasseur (42yo)

    Deputy CEO

    • Tenure: 14.3yrs
    • Compensation: €1.99m
  • Marie-Christine Levet (52yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: €30.00k
  • Thomas Reynaud (45yo)

    CEO & Director

    • Tenure: 1.3yrs
    • Compensation: €2.19m
  • Corinne Vigreux (55yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: €30.00k

Company Information

Iliad SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Iliad SA
  • Ticker: ILIA.Y
  • Exchange: OTCPK
  • Founded: 1987
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Market Cap: €4.776b
  • Listing Market Cap: €5.289b
  • Shares outstanding: 59.03m
  • Website: https://www.iliad.fr

Number of Employees


Location

  • Iliad SA
  • 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
ILIA.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDMar 2013

Biography

Iliad SA provides retail telecommunication services in France. It offers its subscribers the Internet access solutions under the Free and Alice brands; telephony services; television services with 600 chan ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 00:20
End of Day Share Price2019/09/09 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.