Reported Earnings • May 14
First quarter 2026 earnings released: EPS: €0.38 (vs €0.43 in 1Q 2025) First quarter 2026 results: EPS: €0.38 (down from €0.43 in 1Q 2025). Revenue: €1.53b (down 6.2% from 1Q 2025). Net income: €124.0m (down 10% from 1Q 2025). Profit margin: 8.1% (down from 8.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Apr 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.3% per year for the foreseeable future. Minor Risks High level of debt (88% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Duyuru • Mar 16
Proximus PLC, Annual General Meeting, Apr 15, 2026 Proximus PLC, Annual General Meeting, Apr 15, 2026, at 10:00 Romance Standard Time. Reported Earnings • Feb 28
Third quarter 2025 earnings released: EPS: €0.26 (vs €0.56 in 3Q 2024) Third quarter 2025 results: EPS: €0.26 (down from €0.56 in 3Q 2024). Revenue: €1.54b (down 5.2% from 3Q 2024). Net income: €85.0m (down 53% from 3Q 2024). Profit margin: 5.5% (down from 11% in 3Q 2024). Revenue is forecast to stay flat during the next 4 years compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €6.98, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 18x in the Telecom industry in Europe. Total returns to shareholders of 5.4% over the past three years. Declared Dividend • Nov 30
Dividend of €0.21 announced Shareholders will receive a dividend of €0.21. Ex-date: 3rd December 2025 Payment date: 5th December 2025 Dividend yield will be 3.8%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (27% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 27% over the next 3 years. However, it would need to fall by 70% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 27
Second quarter 2025 earnings released: EPS: €0.54 (vs €0.28 in 2Q 2024) Second quarter 2025 results: EPS: €0.54 (up from €0.28 in 2Q 2024). Revenue: €1.73b (up 8.8% from 2Q 2024). Net income: €175.0m (up 94% from 2Q 2024). Profit margin: 10% (up from 5.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Duyuru • Jun 13
EasyPark AB reached a binding agreement to acquire 92.70% stake in Be-Mobile nv from Proximus PLC (ENXTBR:PROX) for an enterprise value of €170 million. EasyPark AB reached a binding agreement to acquire 92.70% stake in Be-Mobile nv from Proximus PLC (ENXTBR:PROX) for an enterprise value of €170 million on June 13, 2025. The acquisition will reinforce its parking services portfolio and will further strengthen its presence in Belgium and the Netherlands. The agreement with Arrive will be filed to the Belgian screening authority for Foreign Direct Investment (ISC). The transaction is subject to customary regulatory clearance, with closing expected in the second half of 2025. Buy Or Sell Opportunity • Apr 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to €6.77. The fair value is estimated to be €5.55, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are forecast to decline by 7.5% per annum over the same time period. Duyuru • Apr 04
Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million. Nextensa NV/SA (ENXTBR:NEXTA) signed an agreement to acquire Two office Towers of Proximus PLC from Proximus PLC (ENXTBR:PROX) for €62.5 million on April 2, 2025. A cash consideration of €62.5 million will be paid by Nextensa NV/SA. As part of consideration, €62.5 million is paid towards assets of Two office Towers of Proximus PLC. Duyuru • Mar 03
Proximus PLC, Annual General Meeting, Apr 16, 2025 Proximus PLC, Annual General Meeting, Apr 16, 2025. Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: €1.39 (vs €1.11 in FY 2023) Full year 2024 results: EPS: €1.39 (up from €1.11 in FY 2023). Revenue: €6.54b (up 9.1% from FY 2023). Net income: €447.0m (up 25% from FY 2023). Profit margin: 6.8% (up from 6.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Duyuru • Jan 21
Proximus PLC to Report Q4, 2024 Results on Feb 28, 2025 Proximus PLC announced that they will report Q4, 2024 results on Feb 28, 2025 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €4.91, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Telecom industry in Europe. Total loss to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.53 per share. Declared Dividend • Nov 29
Dividend of €0.35 announced Shareholders will receive a dividend of €0.35. Ex-date: 4th December 2024 Payment date: 6th December 2024 Dividend yield will be 14%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by earnings (84% earnings payout ratio) but not covered by cash flows (199% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 25% over the next 3 years. Since a fall of 6.7% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Duyuru • Nov 22
InfraRed European Infrastructure Income Fund IV managed by InfraRed Capital Partners Limited signed a binding agreement to acquire Proximus Luxembourg SA from Proximus PLC (ENXTBR:PROX) for approximately €110 million. InfraRed European Infrastructure Income Fund IV managed by InfraRed Capital Partners Limited signed a binding agreement to acquire Proximus Luxembourg SA from Proximus PLC (ENXTBR:PROX) for approximately €110 million on November 22, 2024. The closing of this transaction is subject to regulatory approvals and is expected to occur in the first quarter of 2025. Reported Earnings • Oct 27
Third quarter 2024 earnings released: EPS: €0.56 (vs €0.24 in 3Q 2023) Third quarter 2024 results: EPS: €0.56 (up from €0.24 in 3Q 2023). Revenue: €1.75b (up 15% from 3Q 2023). Net income: €182.0m (up 130% from 3Q 2023). Profit margin: 10% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 29
Second quarter 2024 earnings released: EPS: €0.28 (vs €0.29 in 2Q 2023) Second quarter 2024 results: EPS: €0.28 (down from €0.29 in 2Q 2023). Revenue: €1.60b (up 7.9% from 2Q 2023). Net income: €90.0m (down 4.3% from 2Q 2023). Profit margin: 5.6% (down from 6.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. New Risk • Jul 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 267% Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risk High level of debt (98% net debt to equity). Duyuru • May 01
Proximus PLC to Report Q3, 2024 Results on Oct 25, 2024 Proximus PLC announced that they will report Q3, 2024 results on Oct 25, 2024 Duyuru • Apr 30
Proximus PLC to Report Q2, 2024 Results on Jul 26, 2024 Proximus PLC announced that they will report Q2, 2024 results on Jul 26, 2024 Reported Earnings • Apr 28
First quarter 2024 earnings released: EPS: €0.31 (vs €0.29 in 1Q 2023) First quarter 2024 results: EPS: €0.31 (up from €0.29 in 1Q 2023). Revenue: €1.50b (up 2.0% from 1Q 2023). Net income: €101.0m (up 6.3% from 1Q 2023). Profit margin: 6.7% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings. New Risk • Apr 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 232% Earnings are forecast to decline by an average of 0.4% per year for the foreseeable future. Minor Risk High level of debt (97% net debt to equity). New Risk • Mar 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 108% Cash payout ratio: 232% Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk High level of debt (97% net debt to equity). New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 111% Cash payout ratio: 232% Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. Minor Risk High level of debt (97% net debt to equity). Upcoming Dividend • Nov 29
Upcoming dividend of €0.35 per share at 14% yield Eligible shareholders must have bought the stock before 06 December 2023. Payment date: 08 December 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 14%. Within top quartile of British dividend payers (6.2%). Higher than average of industry peers (4.2%). Duyuru • Nov 08
Citymesh NV acquired Edpnet NV from Proximus PLC (ENXTBR:PROX). Citymesh NV acquired Edpnet NV from Proximus PLC (ENXTBR:PROX) on November 6, 2023. The headquarters of edpnet will remain in Sint-Niklaas, and the entire team will become an integral part of the Citymesh. Belgian Competition Authority approved the transaction. Citymesh NV completed the acquisition of Edpnet NV from Proximus PLC (ENXTBR:PROX) on November 6, 2023. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: €0.24 (vs €0.39 in 3Q 2022) Third quarter 2023 results: EPS: €0.24 (down from €0.39 in 3Q 2022). Revenue: €1.53b (up 2.3% from 3Q 2022). Net income: €79.0m (down 37% from 3Q 2022). Profit margin: 5.2% (down from 8.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Duyuru • Sep 18
Proximus PLC(ENXTBR:PROX) dropped from FTSE All-World Index (USD) Proximus PLC(ENXTBR:PROX) dropped from FTSE All-World Index (USD) Duyuru • Sep 07
Proximus PLC to Report Q3, 2023 Results on Oct 27, 2023 Proximus PLC announced that they will report Q3, 2023 results on Oct 27, 2023 Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: €0.29 (vs €0.38 in 2Q 2022) Second quarter 2023 results: EPS: €0.29 (down from €0.38 in 2Q 2022). Revenue: €1.50b (up 4.8% from 2Q 2022). Net income: €94.0m (down 23% from 2Q 2022). Profit margin: 6.3% (down from 8.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Duyuru • Jun 29
Proximus PLC to Report Q2, 2023 Results on Jul 28, 2023 Proximus PLC announced that they will report Q2, 2023 results on Jul 28, 2023 Reported Earnings • Apr 19
Full year 2022 earnings released: EPS: €1.40 (vs €1.37 in FY 2021) Full year 2022 results: EPS: €1.40 (up from €1.37 in FY 2021). Net income: €450.0m (up 1.6% from FY 2021). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 19
Upcoming dividend of €0.49 per share at 14% yield Eligible shareholders must have bought the stock before 26 April 2023. Payment date: 28 April 2023. Payout ratio is on the higher end at 86%, and the cash payout ratio is above 100%. Trailing yield: 14%. Within top quartile of British dividend payers (5.8%). Higher than average of industry peers (4.2%). Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: €1.40 (vs €1.37 in FY 2021) Full year 2022 results: EPS: €1.40 (up from €1.37 in FY 2021). Revenue: €5.85b (up 5.7% from FY 2021). Net income: €450.0m (up 1.6% from FY 2021). Profit margin: 7.7% (down from 8.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Duyuru • Feb 18
Proximus PLC Proposes Dividend for the Year 2022 Proximus PLC's Board of Directors approved to propose to the Annual General Shareholders' Meeting to return a gross dividend of EUR 1.2 per share over the result of 2022. Duyuru • Jan 19
Proximus PLC to Report Q4, 2022 Results on Feb 17, 2023 Proximus PLC announced that they will report Q4, 2022 results on Feb 17, 2023 Buying Opportunity • Dec 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €11.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 0.6% per annum. Earnings is forecast to decline by 7.8% per annum over the same time period. Upcoming Dividend • Nov 30
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 07 December 2022. Payment date: 09 December 2022. Payout ratio is on the higher end at 85%, and the cash payout ratio is above 100%. Trailing yield: 12%. Within top quartile of British dividend payers (5.7%). Higher than average of industry peers (4.6%). Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: €0.39 (vs €0.36 in 3Q 2021) Third quarter 2022 results: EPS: €0.39 (up from €0.36 in 3Q 2021). Revenue: €1.51b (up 8.6% from 3Q 2021). Net income: €126.0m (up 8.6% from 3Q 2021). Profit margin: 8.3% (in line with 3Q 2021). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Europe. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: €0.38 (vs €0.37 in 2Q 2021) Second quarter 2022 results: EPS: €0.38 (up from €0.37 in 2Q 2021). Revenue: €1.44b (up 5.7% from 2Q 2021). Net income: €122.0m (up 3.4% from 2Q 2021). Profit margin: 8.5% (down from 8.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 3.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: €0.37 (vs €0.38 in 1Q 2021) First quarter 2022 results: EPS: €0.37 (down from €0.38 in 1Q 2021). Revenue: €1.40b (up 3.5% from 1Q 2021). Net income: €120.0m (down 1.6% from 1Q 2021). Profit margin: 8.5% (down from 9.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 2.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 20
Upcoming dividend of €0.49 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 29 April 2022. Payout ratio and cash payout ratio are on the higher end at 87% and 80% respectively. Trailing yield: 7.0%. Within top quartile of British dividend payers (4.6%). Higher than average of industry peers (4.0%). Reported Earnings • Feb 19
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €1.37 (down from €1.75 in FY 2020). Revenue: €5.58b (up 2.5% from FY 2020). Net income: €443.0m (down 22% from FY 2020). Profit margin: 7.9% (down from 10% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to stay flat compared to a 3.0% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 7% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Dec 01
Upcoming dividend of €0.35 per share Eligible shareholders must have bought the stock before 08 December 2021. Payment date: 10 December 2021. Trailing yield: 7.5%. Within top quartile of British dividend payers (4.2%). Higher than average of industry peers (4.2%). Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS €0.36 (vs €0.49 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €1.40b (up 2.9% from 3Q 2020). Net income: €116.0m (down 26% from 3Q 2020). Profit margin: 8.3% (down from 12% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS €0.37 (vs €0.45 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: €1.37b (up 3.7% from 2Q 2020). Net income: €118.0m (down 19% from 2Q 2020). Profit margin: 8.6% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Reported Earnings • May 04
First quarter 2021 earnings released: EPS €0.38 (vs €0.47 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: €1.37b (flat on 1Q 2020). Net income: €122.0m (down 20% from 1Q 2020). Profit margin: 8.9% (down from 11% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Apr 21
Upcoming dividend of €0.49 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 30 April 2021. Trailing yield: 6.4%. Within top quartile of British dividend payers (4.1%). Higher than average of industry peers (4.6%). Reported Earnings • Mar 21
Full year 2020 earnings released: EPS €1.75 (vs €1.16 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €5.44b (down 3.5% from FY 2019). Net income: €564.0m (up 51% from FY 2019). Profit margin: 10% (up from 6.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 10% per year. Reported Earnings • Mar 01
Full year 2020 earnings released: EPS €1.75 (vs €1.16 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €5.48b (down 2.8% from FY 2019). Net income: €564.0m (up 51% from FY 2019). Profit margin: 10% (up from 6.6% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Mar 01
Revenue misses expectations Revenue missed analyst estimates by 0.7%. Over the next year, revenue is forecast to stay flat compared to a 6.0% growth forecast for the Telecom industry in the United Kingdom. Is New 90 Day High Low • Feb 25
New 90-day high: €18.31 The company is up 4.0% from its price of €17.58 on 26 November 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Telecom industry, which is also up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.53 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €18.10 The company is up 10.0% from its price of €16.45 on 04 September 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €17.27 per share. Upcoming Dividend • Dec 02
Upcoming Dividend of €0.35 Per Share Will be paid on the 11th of December to those who are registered shareholders by the 9th of December. The trailing yield of 8.6% is in the top quartile of British dividend payers (4.8%), and it is higher than industry peers (4.5%). Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to stay flat compared to a 9.0% growth forecast for the Telecom industry in the United Kingdom. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS €0.49 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €1.36b (down 2.5% from 3Q 2019). Net income: €157.0m (up 21% from 3Q 2019). Profit margin: 12% (up from 9.3% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS €0.49 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €1.37b (down 2.0% from 3Q 2019). Net income: €157.0m (up 21% from 3Q 2019). Profit margin: 12% (up from 9.3% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Analyst Estimate Surprise Post Earnings • Nov 02
Revenue beats expectations Revenue exceeded analyst estimates by 0.9%. Over the next year, revenue is forecast to stay flat compared to a 9.1% growth forecast for the Telecom industry in the United Kingdom. Is New 90 Day High Low • Oct 29
New 90-day low: €15.32 The company is down 11% from its price of €17.30 on 30 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.16 per share. Is New 90 Day High Low • Sep 22
New 90-day low: €16.10 The company is down 13% from its price of €18.46 on 24 June 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €49.07 per share.