Tillkännagivande • 20h
Telecom Egypt Company to Report Q1, 2026 Results on May 21, 2026 Telecom Egypt Company announced that they will report Q1, 2026 results Pre-Market on May 21, 2026 Tillkännagivande • Feb 27
Telecom Egypt Company, Annual General Meeting, Mar 30, 2026 Telecom Egypt Company, Annual General Meeting, Mar 30, 2026, at 08:00 Egypt Standard Time. Location: giza Egypt Tillkännagivande • Feb 10
Telecom Egypt Company to Report Fiscal Year 2025 Results on Feb 26, 2026 Telecom Egypt Company announced that they will report fiscal year 2025 results Pre-Market on Feb 26, 2026 Tillkännagivande • Jan 01
Telecom Egypt Company Announces Leadership & Organizational Changes Telecom Egypt announced an organizational transformation initiative approved by its Board of Directors. The transformation is designed to enhance the Company's strategic focus and operational agility while reinforcing its customer-centric approach. It includes structural realignments across key business functions and the appointment of new leadership roles to support the next phase of the Company's growth. The initiative aims to accelerate decision-making, strengthen execution, and ensure sustainable growth through clear accountability, optimized operations, and strategic leadership alignment. As part of the transformation, Telecom Egypt's commercial operations have been restructured into two focused business sectors - Consumer and Enterprise - to enable sharper strategic alignment and improved responsiveness to customer needs. The Consumer Sector now focuses on individual and home customers, driving growth through a streamlined portfolio and improved service models. The Enterprise Sector serves corporate, institutional, and government clients, delivering integrated communication and digital solutions that support Egypt's ongoing digital transformation. To ensure full alignment between commercial strategy and service delivery, the Customer Service function has also been realigned to operate within each sector through functionally and organizationally integrated units,establishing clear accountability for customer experience and service performance. Furthermore, the Board appointed Mr.Mohamed Eltouny as Chief Consumer Officer, responsible for leading the commercial strategy and operations of the Consumer Sector, with a focus on accelerating growth, improving commercial efficiency, and enhancing overall customer value and profitability. The Board also approved transferring Mr. Ramy Kato from Chief Customer Officer to Chief Enterprise Officer. In this role, he will lead Telecom Egypt's enterprise, corporate, and government business, driving expansion through strategic partnerships and advancing digital transformation initiatives in alignment with Egypt's Vision 2030 for a digitized economy. Recognizing the critical role of technology as an enabler of growth and innovation, the Board appointed Mr. Ahmed El-Fouly as Chief Information Officer. He will oversee the modernization and expansion of Telecom Egypt's information and digital infrastructure, advancing innovation, automation, and data-driven capabilities across all business functions. He will ensure that the Company's information systems remain fully aligned with its strategic objectives, enabling greater efficiency, resilience, and scalability. This appointment underscores Telecom Egypt's commitment to strengthening its digital foundations, fostering innovation, and delivering long-term value to customers and shareholders. Tillkännagivande • Dec 14
Telecom Egypt Company Provides Financial Guidance for 2026 Telecom Egypt Company announced that its Board of Directors has approved the 2026 budget with KPI guidance as follows: Revenue growth percentage expected in the high single digit. Tillkännagivande • Oct 30
Telecom Egypt Company to Report Q3, 2025 Results on Nov 13, 2025 Telecom Egypt Company announced that they will report Q3, 2025 results Pre-Market on Nov 13, 2025 Tillkännagivande • Jul 29
Telecom Egypt Company to Report Q2, 2025 Results on Aug 14, 2025 Telecom Egypt Company announced that they will report Q2, 2025 results Pre-Market on Aug 14, 2025 Board Change • May 14
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Non-Executive Director Mohamed Said Sultan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Apr 29
Telecom Egypt Company to Report Q1, 2025 Results on May 13, 2025 Telecom Egypt Company announced that they will report Q1, 2025 results Pre-Market on May 13, 2025 Tillkännagivande • Apr 08
Telecom Egypt Company Announces Dividend Distribution,Payable on April 24, 2025 Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 17 April 2025, Dividend payment date: 24 April 2025. Tillkännagivande • Feb 28
Telecom Egypt Company, Annual General Meeting, Mar 25, 2025 Telecom Egypt Company, Annual General Meeting, Mar 25, 2025, at 08:30 Egypt Standard Time. Location: giza Egypt Tillkännagivande • Feb 12
Telecom Egypt Company to Report Fiscal Year 2024 Results on Feb 27, 2025 Telecom Egypt Company announced that they will report fiscal year 2024 results at 1:00 PM, Egypt Standard Time on Feb 27, 2025 Tillkännagivande • Dec 24
Telecom Egypt Company Provides Earnings Guidance for the Year 2025 Telecom Egypt Company provided earnings guidance for the year 2025. For the year, the company’s revenue growth percentage planned in the low twenties. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: ج.م1.25 (vs ج.م1.44 in 3Q 2023) Third quarter 2024 results: EPS: ج.م1.25 (down from ج.م1.44 in 3Q 2023). Revenue: ج.م20.5b (up 48% from 3Q 2023). Net income: ج.م2.13b (down 13% from 3Q 2023). Profit margin: 10% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 31
Telecom Egypt Company to Report Q3, 2024 Results on Nov 14, 2024 Telecom Egypt Company announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024 Buy Or Sell Opportunity • Oct 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to ج.م34.99. The fair value is estimated to be ج.م29.10, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Tillkännagivande • Sep 23
Telecom Egypt Company(CASE:ETEL) dropped from FTSE All-World Index (USD) Telecom Egypt Company(CASE:ETEL) dropped from FTSE All-World Index (USD) Buy Or Sell Opportunity • Sep 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ج.م35.00. The fair value is estimated to be ج.م29.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: ج.م1.54 (vs ج.م1.69 in 2Q 2023) Second quarter 2024 results: EPS: ج.م1.54 (down from ج.م1.69 in 2Q 2023). Revenue: ج.م20.5b (up 44% from 2Q 2023). Net income: ج.م2.63b (down 8.8% from 2Q 2023). Profit margin: 13% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Jul 30
Telecom Egypt Company to Report Q2, 2024 Results on Aug 14, 2024 Telecom Egypt Company announced that they will report Q2, 2024 results Pre-Market on Aug 14, 2024 Major Estimate Revision • Jun 13
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from ج.م7.41 to ج.م6.51 per share. Revenue forecast steady at ج.م65.1b. Net income forecast to grow 24% next year vs 12% growth forecast for Telecom industry in Egypt. Consensus price target broadly unchanged at ج.م46.58. Share price fell 4.9% to ج.م29.48 over the past week. New Risk • Jun 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: ج.م2.27 (vs ج.م2.23 in 1Q 2023) First quarter 2024 results: EPS: ج.م2.27 (up from ج.م2.23 in 1Q 2023). Revenue: ج.م17.5b (up 25% from 1Q 2023). Net income: ج.م3.88b (up 1.8% from 1Q 2023). Profit margin: 22% (down from 27% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 20
Telecom Egypt Denies Receiving Offers to Sell Stake in Vodafone Egypt Telecom Egypt Company (CASE:ETEL) has denied receiving any official offers to sell stake in Vodafone Egypt Telecommunications S.A.E., as per a statement by the company on May 19th. Earlier on May 19th, it was reported that Telecom Egypt retracted from selling its stake in Vodafone Egypt, as it anticipates garnering profits of up to EGP 3 billion from this stake in 2024. Tillkännagivande • May 17
Telecom Egypt Company to Report Q1, 2024 Results on May 30, 2024 Telecom Egypt Company announced that they will report Q1, 2024 results on May 30, 2024 Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ج.م32.01, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 12x in the Telecom industry globally. Total returns to shareholders of 245% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م35.90 per share. Declared Dividend • Apr 10
Dividend increased to ج.م1.50 Dividend of ج.م1.50 is 20% higher than last year. Ex-date: 22nd April 2024 Payment date: 24th April 2024 Dividend yield will be 3.9%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (204% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 127% to bring the payout ratio under control. EPS is expected to grow by 62% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Tillkännagivande • Apr 09
Telecom Egypt Company Announces Dividend Distribution, Payable on 24 April 2024 Telecom Egypt Company announced dividend distribution of EGP 1.5 per share to its shareholders. Record date: 21 April 2024, Dividend payment date: 24 April 2024. Tillkännagivande • Mar 25
Telecom Egypt Company, Annual General Meeting, Mar 26, 2024 Telecom Egypt Company, Annual General Meeting, Mar 26, 2024, at 08:00 E. Europe Standard Time. Location: Telecom Egypt's headquarters located at smart village 28 km cairo alexandria desert road Giza Egypt Agenda: To consider the board of directors report on the company's activities during the financial year ended December 31,2023; to consider the auditors report on the financial statements for the financial year ended December 31,2023; to consider presentation of the corporate governance report for the year ended December 31,2023; to consider the company's financial statements for the financial year ended December 31, 2023; and to consider other issues. Reported Earnings • Mar 04
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: ج.م5.70 (up from ج.م1.13 loss in FY 2022). Revenue: ج.م56.7b (up 28% from FY 2022). Net income: ج.م11.5b (up ج.م13.4b from FY 2022). Profit margin: 20% (up from net loss in FY 2022). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. Tillkännagivande • Feb 21
Telecom Egypt Company to Report Q4, 2023 Results on Mar 04, 2024 Telecom Egypt Company announced that they will report Q4, 2023 results Pre-Market on Mar 04, 2024 Price Target Changed • Feb 03
Price target increased by 9.1% to ج.م44.09 Up from ج.م40.43, the current price target is an average from 6 analysts. New target price is 19% above last closing price of ج.م37.00. Stock is up 42% over the past year. The company is forecast to post earnings per share of ج.م6.76 next year compared to a net loss per share of ج.م1.13 last year. Tillkännagivande • Jan 18
Telecom Egypt Secures the First 5G License in Egypt from The National Telecommunications Regulatory Authority The National Telecommunications Regulatory Authority (NTRA) has granted Telecom Egypt the country's first license to install and operate fifth generation (5G) networks for mobile phones at a cost of USD 150 million. The 5G license will be valid for a 15-year period. Noting the importance of keeping up with world technology trends, Telecom Egypt took this step to expedite the nation's digitalization process and foster the expansion of various industries' advancements, which will ultimately benefit the entire economy and improve Egypt's international ranking in the ICT sector. 5G technology will provide lower latency, higher capacity, and increased bandwidth, which will improve the overall customer experience thanks to seamless connectivity, particularly during periods of usage spikes. Businesses will also be able to better analyze big amounts of data, helping them to improve their efficiency and scale up. Tillkännagivande • Jan 09
Telecom Egypt in Talks to Sell Nearly 90% of Tower Portfolio The efforts of Telecom Egypt Company (CASE:ETEL) the majority state-owned integrated telecom operator, to sell close to 90% of its tower portfolio could strengthen its market position as cash generated through tower sales could finance new strategic investments, BMI reported in a research note. The potential deal set to close in the first quarter (January-March) of 2024 is estimated to be worth $250mn. The front-runners in the race to acquire the operator's assets are three tower companies: Helios Towers, IHS Towers and Mobi Tower. Upon a completed sale, BMI expects TE's free cash flow position to improve, supporting the operator's rollout of advanced connectivity, such as the offering of 5G services. The sale of towers is also likely to improve TE's quality of service, assisting growth in the total number of mobile phone subscribers, which BMI projects will increase from 103.3mn in 2023 to 129.1mn in 2032. TE is the smallest of four mobile phone operators in Egypt with 12.5mn subscribers in the third quarter (July-September) of 2023. To further support growth, especially towards rolling out 5G technology, TE is reportedly talking to tower companies about selling and leasing back 2,500 of its 2,800 towers. Price Target Changed • Dec 14
Price target increased by 20% to ج.م40.43 Up from ج.م33.68, the current price target is an average from 8 analysts. New target price is 10% above last closing price of ج.م36.70. Stock is up 55% over the past year. The company is forecast to post earnings per share of ج.م6.38 next year compared to a net loss per share of ج.م1.13 last year. Tillkännagivande • Dec 05
Telecom Egypt Company Provides Earnings Guidance for the Year 2024 Telecom Egypt Company provided earnings guidance for the year 2024. For the year, the company expects Mid double-digit revenue growth. New Risk • Nov 19
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 74% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 204% Paying a dividend despite having no free cash flows. Minor Risks High level of debt (74% net debt to equity). Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Nov 15
Third quarter 2023 earnings released: EPS: ج.م1.44 (vs ج.م1.40 in 3Q 2022) Third quarter 2023 results: EPS: ج.م1.44 (up from ج.م1.40 in 3Q 2022). Revenue: ج.م13.8b (up 16% from 3Q 2022). Net income: ج.م2.45b (up 2.7% from 3Q 2022). Profit margin: 18% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Tillkännagivande • Nov 01
Telecom Egypt Company to Report Q3, 2023 Results on Nov 14, 2023 Telecom Egypt Company announced that they will report Q3, 2023 results Pre-Market on Nov 14, 2023 New Risk • Aug 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 218% Paying a dividend despite having no free cash flows. Minor Risks High level of debt (74% net debt to equity). Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: ج.م1.69 (vs ج.م1.42 in 2Q 2022) Second quarter 2023 results: EPS: ج.م1.69 (up from ج.م1.42 in 2Q 2022). Revenue: ج.م14.2b (up 29% from 2Q 2022). Net income: ج.م2.88b (up 19% from 2Q 2022). Profit margin: 20% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 03
Telecom Egypt Company to Report Q2, 2023 Results on Aug 14, 2023 Telecom Egypt Company announced that they will report Q2, 2023 results Pre-Market on Aug 14, 2023 Reported Earnings • May 31
First quarter 2023 earnings released: EPS: ج.م2.23 (vs ج.م0.80 in 1Q 2022) First quarter 2023 results: EPS: ج.م2.23 (up from ج.م0.80 in 1Q 2022). Revenue: ج.م14.0b (up 48% from 1Q 2022). Net income: ج.م3.81b (up 179% from 1Q 2022). Profit margin: 27% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 22
Telecom Egypt Company to Report Q1, 2023 Results on May 30, 2023 Telecom Egypt Company announced that they will report Q1, 2023 results at 10:00 AM, Egypt Standard Time on May 30, 2023 Upcoming Dividend • Apr 11
Upcoming dividend of ج.م1.25 per share at 5.0% yield Eligible shareholders must have bought the stock before 18 April 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 5.0%. Lower than top quartile of Egyptian dividend payers (8.0%). In line with average of industry peers (5.5%). Buying Opportunity • Mar 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be ج.م27.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings is also forecast to grow by 9.7% per annum over the same time period. Reported Earnings • Mar 07
Full year 2022 earnings released: EPS: ج.م4.61 (vs ج.م4.34 in FY 2021) Full year 2022 results: EPS: ج.م4.61 (up from ج.م4.34 in FY 2021). Revenue: ج.م44.3b (up 19% from FY 2021). Net income: ج.م9.18b (up 24% from FY 2021). Profit margin: 21% (in line with FY 2021). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 33% per year. Price Target Changed • Feb 26
Price target increased by 10% to ج.م31.91 Up from ج.م28.90, the current price target is an average from 11 analysts. New target price is 22% above last closing price of ج.م26.06. Stock is up 50% over the past year. The company is forecast to post earnings per share of ج.م4.65 for next year compared to ج.م4.34 last year. Tillkännagivande • Feb 16
Telecom Egypt Company to Report Fiscal Year 2022 Results on Mar 06, 2023 Telecom Egypt Company announced that they will report fiscal year 2022 results Pre-Market on Mar 06, 2023 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ج.م27.99, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Telecom industry in Africa. Total returns to shareholders of 136% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م22.91 per share. Price Target Changed • Nov 29
Price target increased to ج.م27.36 Up from ج.م24.55, the current price target is an average from 8 analysts. New target price is 20% above last closing price of ج.م22.82. Stock is up 59% over the past year. The company is forecast to post earnings per share of ج.م4.54 for next year compared to ج.م4.34 last year. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: ج.م1.40 (vs ج.م1.30 in 3Q 2021) Third quarter 2022 results: EPS: ج.م1.40 (up from ج.م1.30 in 3Q 2021). Revenue: ج.م11.9b (up 32% from 3Q 2021). Net income: ج.م2.39b (up 7.3% from 3Q 2021). Profit margin: 20% (down from 25% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Telecom industry in Africa. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Non-Executive Director Mohamed Sultan was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • Nov 07
Telecom Egypt Company to Report Q3, 2022 Results on Nov 14, 2022 Telecom Egypt Company announced that they will report Q3, 2022 results Pre-Market on Nov 14, 2022 Price Target Changed • Oct 25
Price target increased to ج.م21.39 Up from ج.م19.93, the current price target is an average from 7 analysts. New target price is 21% above last closing price of ج.م17.67. Stock is up 28% over the past year. The company is forecast to post earnings per share of ج.م4.58 for next year compared to ج.م4.34 last year. Tillkännagivande • Oct 21
QIA Reportedly in Talks to Invest $2.5 Billion in Vodafone Egypt Telecommunications Qatar Investment Authority is in advanced talks to buy around $2.5 billion of state-held stakes in Egypt’s biggest mobile network operator and other companies, as the North African nation lines up funding to cope with the economic fallout of Russia’s invasion of Ukraine. Under the potential pact, which is expected to be finalized by the end of this year, Qatar Investment Authority would acquire 20% in Vodafone Egypt Telecommunications S.A.E. from Telecom Egypt Company (CASE:ETEL), according to people with knowledge of the matter. The people, who asked not to be named because the talks are confidential, didn’t identify the other firms, saying only that they weren’t listed on Egypt’s stock market. QIA and Telecom Egypt all declined to comment. Ayman Essam, Vodafone Egypt’s spokesperson, said it was “not officially aware of the deal” and declined to comment further. Tillkännagivande • Oct 20
Telecom Egypt Company Provides Revenue Guidance for the Year 2023 Telecom Egypt Company provided revenue guidance for the year 2023. For the period, the company expects Early double digit revenue growth. Tillkännagivande • Sep 15
Qatar Investment Authority Reportedly Seeks to Purchase Up to 45% Strategic Stake in Vodafone Egypt According to media reports this week, the Qatar Investment Authority (QIA), the Gulf state's premier sovereign wealth fund, is seeking permission from Egypt's National Telecom Regulatory Authority to purchase up to 45% strategic stake in Vodafone Egypt, a subsidiary of the Vodafone Group Public Limited Company (LSE:VOD), owned by majority state-owned Telecom Egypt Company (CASE:ETEL), the fully integrated national telecom operator. Telecom Egypt's share in Vodafone Egypt has previously been estimated to be worth $2.5 billion. A previous deal with Saudi Arabia's Public Investment Fund fell through in 2020. Major Estimate Revision • Aug 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from ج.م4.43 to ج.م4.99. Revenue forecast unchanged at ج.م41.5b. Net income forecast to grow 17% next year vs 6.5% growth forecast for Telecom industry in Egypt. Consensus price target of ج.م19.93 unchanged from last update. Share price was steady at ج.م15.22 over the past week. Buying Opportunity • Jul 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be ج.م17.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Reported Earnings • Jun 05
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: ج.م0.80 (down from ج.م1.24 in 1Q 2021). Revenue: ج.م9.42b (up 12% from 1Q 2021). Net income: ج.م1.37b (down 36% from 1Q 2021). Profit margin: 14% (down from 25% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) exceeded analyst estimates by 24%. Over the next year, revenue is forecast to grow 10%, compared to a 2.0% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 26
Telecom Egypt Company to Report Q1, 2022 Results on May 31, 2022 Telecom Egypt Company announced that they will report Q1, 2022 results on May 31, 2022 Price Target Changed • Apr 27
Price target increased to ج.م20.27 Up from ج.م18.85, the current price target is an average from 4 analysts. New target price is 28% above last closing price of ج.م15.83. Stock is up 46% over the past year. The company is forecast to post earnings per share of ج.م4.21 for next year compared to ج.م4.34 last year. Price Target Changed • Apr 23
Price target increased to ج.م20.27 Up from ج.م18.85, the current price target is an average from 4 analysts. New target price is 27% above last closing price of ج.م15.91. Stock is up 36% over the past year. The company is forecast to post earnings per share of ج.م4.21 for next year compared to ج.م4.34 last year. Tillkännagivande • Apr 11
Telecom Egypt Company Announces Distribution for the Year 2021, Payable 26th April 2022 Telecom Egypt Company announced distribution of EGP 1 per share. Record date is 19th April 2022, Dividend payment date is 26th April 2022. Tillkännagivande • Apr 01
Telecom Egypt Appoints Majid Osman as Chairman Telecom Egypt has appointed Majid Ibrahim Osman as the company's Chairman. Tillkännagivande • Mar 07
Telecom Egypt Company, Annual General Meeting, Mar 28, 2022 Telecom Egypt Company, Annual General Meeting, Mar 28, 2022, at 08:00 E. Europe Standard Time. Location: Telecom Egypt's headquarters Smart Village, 28 km, Cairo-Alexandria desert road Giza Egypt Agenda: To consider and approve the Board of Directors report on the company's activities during the financial year ended December 31, 2021; to consider the Auditors' report on the financial statements for the financial year ended December 31, 2021; to consider the presentation of the corporate governance report and the auditors' report on the corporate governance report; to consider the ratification of company's financial statements for the year ended December 31, 2021; to approve change in board of directors; to approve proposed dividend for the year ended December 31, 2021; and to consider other matters. Reported Earnings • Mar 04
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: ج.م4.34 (up from ج.م2.36 in FY 2020). Revenue: ج.م37.1b (up 16% from FY 2020). Net income: ج.م8.42b (up 109% from FY 2020). Profit margin: 23% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Over the next year, revenue is forecast to grow 2.0%, compared to a 3.0% growth forecast for the industry in Egypt. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 18
Telecom Egypt Company to Report Fiscal Year 2021 Results on Mar 03, 2022 Telecom Egypt Company announced that they will report fiscal year 2021 results Pre-Market on Mar 03, 2022 Tillkännagivande • Feb 15
Telecom Egypt Company to Report Q4, 2021 Results on Feb 24, 2022 Telecom Egypt Company announced that they will report Q4, 2021 results Pre-Market on Feb 24, 2022 Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS ج.م1.30 (vs ج.م0.86 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ج.م9.01b (up 22% from 3Q 2020). Net income: ج.م2.23b (up 51% from 3Q 2020). Profit margin: 25% (up from 20% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Sep 03
Price target increased to ج.م18.68 Up from ج.م17.25, the current price target is an average from 5 analysts. New target price is 25% above last closing price of ج.م14.98. Stock is up 7.1% over the past year. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS ج.م1.02 (vs ج.م0.44 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ج.م8.97b (up 13% from 2Q 2020). Net income: ج.م1.75b (up 134% from 2Q 2020). Profit margin: 20% (up from 9.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 09
Consensus EPS estimates increase to ج.م3.04 The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from ج.م33.3b to ج.م33.7b. EPS estimate increased from ج.م2.51 to ج.م3.04 per share. Net income forecast to grow 15% next year vs 15% growth forecast for Telecom industry in Egypt. Consensus price target up from ج.م17.25 to ج.م17.61. Share price rose 16% to ج.م13.19 over the past week. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improved over the past week After last week's 16% share price gain to ج.م13.19, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 19x in the Telecom industry globally. Total loss to shareholders of 3.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ج.م13.22 per share. Reported Earnings • May 17
First quarter 2021 earnings released: EPS ج.م1.24 (vs ج.م0.77 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ج.م8.40b (up 20% from 1Q 2020). Net income: ج.م2.12b (up 62% from 1Q 2020). Profit margin: 25% (up from 19% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 19
Upcoming dividend of ج.م0.75 per share Eligible shareholders must have bought the stock before 26 April 2021. Payment date: 28 April 2021. Trailing yield: 6.6%. Lower than top quartile of Egyptian dividend payers (9.6%). Higher than average of industry peers (4.2%). Tillkännagivande • Mar 08
Telecom Egypt Company S.A.E., Annual General Meeting, Mar 29, 2021 Telecom Egypt Company S.A.E., Annual General Meeting, Mar 29, 2021, at 08:00 E. Europe Standard Time. Location: Smart Village, K 28 Cairo-Alexandria Road Giza Egypt Agenda: To consider and approve the Board of Directors report on the company's activities during the financial year ended December 31, 2020; to consider the Auditors' report on the financial statements for the financial year ended December 31, 2020; to consider the presentation of the corporate governance report and the auditors' report on the corporate governance report; to consider the ratification of company's financial statements for the year ended December 31, 2020; to approve change in board of directors; to approve proposed dividend for the year ended December 31, 2020; and to consider other matters. Is New 90 Day High Low • Mar 03
New 90-day low: ج.م11.26 The company is down 12% from its price of ج.م12.76 on 03 December 2020. The Egyptian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م8.70 per share. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS ج.م2.36 (vs ج.م2.10 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ج.م31.9b (up 24% from FY 2019). Net income: ج.م4.02b (up 12% from FY 2019). Profit margin: 13% (down from 14% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 3.3%, compared to a 6.5% growth forecast for the Telecom industry in Egypt. Tillkännagivande • Feb 16
Telecom Egypt Company S.A.E. to Report Fiscal Year 2020 Results on Feb 24, 2021 Telecom Egypt Company S.A.E. announced that they will report fiscal year 2020 results at 9:00 AM, E. Europe Standard Time on Feb 24, 2021 Is New 90 Day High Low • Feb 08
New 90-day low: ج.م11.46 The company is down 9.0% from its price of ج.م12.64 on 10 November 2020. The Egyptian market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م9.54 per share. Tillkännagivande • Jan 05
Telecom Egypt Offers Google A TransEgypt Meshed Solution Telecom Egypt signed an agreement with Google to provide Google with layer three meshed solution on multiple Telecom Egypt's redundant and resilient Egypt crossing network infrastructure. As part of the agreement, Google will also be provided capacity on Telecom Egypt's Mediterranean submarine cable, TE North. The project is expected to go live in the first half of 2021. This mesh project connects several cable landing stations in the Red and Mediterranean Seas over diverse routes and will increase the reliability of Google's international transit traffic, providing an elevated level of robustness. Telecom Egypt's network can reroute traffic as needed in less than 50 milliseconds, and will also offer high quality availability features with an SLA portal. Major Estimate Revision • Dec 24
Analysts update estimates The 2020 consensus earning per share (EPS) estimate increased from ج.م1.93 to ج.م2.29. Revenue estimate for the same period was approximately flat at ج.م29.6b. Net income is expected to grow by 27% next year compared to 12% growth forecast for the Telecom industry in Egypt. The consensus price target was lowered from ج.م17.54 to ج.م17.41. Share price is down by 3.5% to ج.م11.64 over the past week. Tillkännagivande • Dec 23
Telecom Egypt and Orange Egypt Signs an Amendment to Their Mobile-To-Fixed Termination Agreement Telecom Egypt and Orange Egypt signed an amendment to their mobile-to-fixed termination agreement, and an annex to the current agreements extending to 2022 governing international voice services, with the aim of improving their commercial and service quality terms. Additionally, the companies signed another agreement to resolve some pending commercial disputes and develop mechanisms to avoid similar obstacles in the future. These steps come within the framework of the existing strategic cooperation between the two companies aimed at providing premium services to the Egyptian telecom market. Is New 90 Day High Low • Dec 21
New 90-day low: ج.م11.51 The company is down 2.0% from its price of ج.م11.79 on 22 September 2020. The Egyptian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ج.م21.75 per share. Reported Earnings • Nov 17
Third quarter 2020 earnings released: EPS ج.م0.86 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: ج.م7.40b (up 17% from 3Q 2019). Net income: ج.م1.47b (up 14% from 3Q 2019). Profit margin: 20% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue behind estimates Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 1.6%, compared to a 1.6% growth forecast for the Telecom industry in Egypt. Tillkännagivande • Nov 04
Telecom Egypt Company S.A.E. to Report Q3, 2020 Results on Nov 12, 2020 Telecom Egypt Company S.A.E. announced that they will report Q3, 2020 results at 9:00 AM, Coordinated Universal Time on Nov 12, 2020 Tillkännagivande • Aug 06
Telecom Egypt Company S.A.E. to Report Q2, 2020 Results on Aug 13, 2020 Telecom Egypt Company S.A.E. announced that they will report Q2, 2020 results at 7:00 AM, Coordinated Universal Time on Aug 13, 2020