Financials Deutsche Telekom AG

Equities

DTE

DE0005557508

Integrated Telecommunications Services

Market Closed - Xetra 11:37:15 2024-04-26 am EDT 5-day change 1st Jan Change
21.85 EUR +0.83% Intraday chart for Deutsche Telekom AG +3.26% +0.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 69,098 70,931 77,318 92,667 108,156 108,272 - -
Enterprise Value (EV) 1 145,129 191,131 209,460 235,092 108,156 238,688 236,263 238,875
P/E ratio 17.8 x 17 x 18.7 x 11.6 x 6.09 x 13.7 x 11.7 x 10.7 x
Yield 4.12% 4.01% 3.93% 3.76% - 3.94% 4.38% 4.81%
Capitalization / Revenue 0.86 x 0.7 x 0.71 x 0.81 x 0.97 x 0.94 x 0.92 x 0.9 x
EV / Revenue 1.8 x 1.89 x 1.93 x 2.05 x 0.97 x 2.08 x 2.01 x 1.99 x
EV / EBITDA 5.87 x 5.46 x 5.61 x 5.85 x 2.67 x 4.86 x 4.63 x 4.57 x
EV / FCF 16.3 x 37.9 x 23.8 x 20.4 x - 13.6 x 12.2 x 12.1 x
FCF Yield 6.13% 2.64% 4.21% 4.89% - 7.33% 8.23% 8.24%
Price to Book 2.18 x 1.98 x 1.9 x 1.91 x - 1.85 x 1.77 x 1.62 x
Nbr of stocks (in thousands) 4,742,459 4,742,934 4,743,456 4,971,941 4,972,701 4,955,259 - -
Reference price 2 14.57 14.96 16.30 18.64 21.75 21.85 21.85 21.85
Announcement Date 2/19/20 2/26/21 2/24/22 2/23/23 2/23/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 80,531 100,999 108,794 114,413 111,985 114,690 117,374 119,870
EBITDA 1 24,731 35,017 37,330 40,208 40,497 49,086 51,036 52,266
EBIT 1 11,416 15,300 16,749 21,330 23,277 24,332 26,465 27,727
Operating Margin 14.18% 15.15% 15.4% 18.64% 20.79% 21.22% 22.55% 23.13%
Earnings before Tax (EBT) 1 7,260 8,677 7,900 11,703 24,957 18,946 21,462 21,787
Net income 1 3,867 4,158 4,176 8,001 17,788 8,507 9,559 10,017
Net margin 4.8% 4.12% 3.84% 6.99% 15.88% 7.42% 8.14% 8.36%
EPS 2 0.8200 0.8800 0.8700 1.612 3.570 1.595 1.861 2.036
Free Cash Flow 1 8,893 5,049 8,810 11,500 - 17,496 19,444 19,687
FCF margin 11.04% 5% 8.1% 10.05% - 15.26% 16.57% 16.42%
FCF Conversion (EBITDA) 35.96% 14.42% 23.6% 28.6% - 35.64% 38.1% 37.67%
FCF Conversion (Net income) 229.97% 121.43% 210.97% 143.73% - 205.66% 203.4% 196.55%
Dividend per Share 2 0.6000 0.6000 0.6400 0.7000 - 0.8617 0.9562 1.051
Announcement Date 2/19/20 2/26/21 2/24/22 2/23/23 2/23/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 46,984 26,877 28,934 28,023 28,168 28,979 29,800 27,839 27,221 27,556 29,369 27,562 28,212 28,868 30,034 -
EBITDA 16,373 9,661 9,007 11,436 11,476 10,481 9,964 9,963 10,038 10,486 10,010 - - - - -
EBIT 1 - 4,441 3,925 5,140 5,100 5,772 5,318 5,540 5,848 6,306 5,583 5,714 6,333 6,513 6,416 -
Operating Margin - 16.52% 13.57% 18.34% 18.11% 19.92% 17.85% 19.9% 21.48% 22.88% 19.01% 20.73% 22.45% 22.56% 21.36% -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - -
Net income 1 1,670 889 471 3,949 1,460 1,578 1,014 15,360 - 1,924 -1,035 1,638 1,943 2,254 1,873 -
Net margin 3.55% 3.31% 1.63% 14.09% 5.18% 5.45% 3.4% 55.17% - 6.98% -3.52% 5.94% 6.89% 7.81% 6.23% -
EPS 2 - 0.1900 0.0900 0.7900 0.2900 0.3200 0.2040 3.090 - 0.3900 -0.2100 0.3352 0.3976 0.4611 0.3831 -
Dividend per Share 2 - - 0.6400 - - - 0.7000 - - - - - - - 0.8470 -
Announcement Date 8/13/20 11/12/21 2/24/22 5/13/22 8/11/22 11/10/22 2/23/23 5/11/23 8/10/23 11/9/23 2/23/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 76,031 120,200 132,142 142,425 - 130,415 127,990 130,603
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.074 x 3.433 x 3.54 x 3.542 x - 2.657 x 2.508 x 2.499 x
Free Cash Flow 1 8,893 5,049 8,810 11,500 - 17,496 19,444 19,687
ROE (net income / shareholders' equity) 12.4% 16.9% 14.9% 19.9% - 15.1% 16.7% 17.2%
ROA (Net income/ Total Assets) 3.13% 2.62% 2.15% 3.13% - 3.07% 3.57% 3.79%
Assets 1 123,500 158,460 194,676 255,607 - 276,808 268,117 264,071
Book Value Per Share 2 6.690 7.550 8.560 9.740 - 11.80 12.40 13.40
Cash Flow per Share 2 4.860 5.010 6.680 7.200 - 7.780 7.710 7.850
Capex 1 14,357 18,694 26,365 16,563 - 16,689 16,810 16,846
Capex / Sales 17.83% 18.51% 24.23% 14.48% - 14.55% 14.32% 14.05%
Announcement Date 2/19/20 2/26/21 2/24/22 2/23/23 2/23/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
19
Last Close Price
21.85 EUR
Average target price
26.97 EUR
Spread / Average Target
+23.42%
Consensus
  1. Stock Market
  2. Equities
  3. DTE Stock
  4. Financials Deutsche Telekom AG