Financials Empresa Nacional de Telecomunicaciones S.A.

Equities

ENTEL

CLP371151059

Integrated Telecommunications Services

End-of-day quote Santiago S.E. 06:00:00 2024-06-12 pm EDT 5-day change 1st Jan Change
2,910 CLP -0.31% Intraday chart for Empresa Nacional de Telecomunicaciones S.A. -1.15% -9.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,615,188 1,331,593 869,507 884,910 973,311 878,870 - -
Enterprise Value (EV) 1 3,165,592 3,123,237 3,157,857 3,361,249 2,978,022 2,997,937 3,041,213 3,035,757
P/E ratio 10.5 x 15.8 x 11.6 x 1.94 x 11 x 8.85 x 5.93 x 5.98 x
Yield - 3.49% 29.1% 42.3% - 8.09% 9.92% 11.9%
Capitalization / Revenue 0.73 x 0.62 x 0.35 x 0.28 x 0.38 x 0.33 x 0.32 x 0.3 x
EV / Revenue 1.44 x 1.45 x 1.28 x 1.07 x 1.16 x 1.12 x 1.09 x 1.03 x
EV / EBITDA 4.11 x 4.59 x 4.15 x 2.62 x 4.19 x 3.73 x 3.62 x 3.45 x
EV / FCF 22.9 x 19.8 x 11.8 x -566 x 8.77 x 4.32 x 4.39 x 6.94 x
FCF Yield 4.36% 5.06% 8.45% -0.18% 11.4% 23.2% 22.8% 14.4%
Price to Book 1 x 0.88 x 0.58 x 0.57 x 0.58 x 0.49 x 0.48 x 0.46 x
Nbr of stocks (in thousands) 302,017 302,017 302,017 302,017 302,017 302,017 - -
Reference price 2 5,348 4,409 2,879 2,930 3,223 2,910 2,910 2,910
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/25/24 - - -
1CLP in Million2CLP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,197,543 2,147,484 2,460,119 3,137,710 2,573,142 2,670,940 2,783,381 2,937,393
EBITDA 1 770,411 679,905 761,257 1,282,013 710,311 804,471 838,987 878,919
EBIT 1 343,917 212,469 294,375 757,609 249,569 252,611 300,924 312,772
Operating Margin 15.65% 9.89% 11.97% 24.15% 9.7% 9.46% 10.81% 10.65%
Earnings before Tax (EBT) 1 240,210 93,954 118,630 539,751 120,595 161,186 172,563 175,562
Net income 1 154,152 84,466 74,975 456,787 88,884 117,327 154,336 150,033
Net margin 7.01% 3.93% 3.05% 14.56% 3.45% 4.39% 5.54% 5.11%
EPS 2 510.4 279.7 248.2 1,512 294.3 328.6 490.6 486.9
Free Cash Flow 1 138,060 158,050 266,837 -5,943 339,627 694,059 692,823 437,456
FCF margin 6.28% 7.36% 10.85% -0.19% 13.2% 25.99% 24.89% 14.89%
FCF Conversion (EBITDA) 17.92% 23.25% 35.05% - 47.81% 86.28% 82.58% 49.77%
FCF Conversion (Net income) 89.56% 187.12% 355.9% - 382.1% 591.56% 448.91% 291.57%
Dividend per Share 2 - 154.0 839.0 1,239 - 235.4 288.7 346.3
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/25/24 - - -
1CLP in Million2CLP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 659,561 649,941 1,149,567 695,595 642,606 613,338 617,723 617,438 724,642 664,877 678,000 683,000 747,000 - -
EBITDA 1 179,044 189,587 686,795 233,180 172,451 132,123 212,022 190,153 194,802 187,770 201,000 198,000 209,000 195,000 209,000
EBIT 1 58,426 65,289 546,520 103,611 42,188 62,024 87,785 60,557 116,118 74,095 61,000 59,000 69,000 - -
Operating Margin 8.86% 10.05% 47.54% 14.9% 6.57% 10.11% 14.21% 9.81% 16.02% 11.14% 9% 8.64% 9.24% - -
Earnings before Tax (EBT) 1 3,388 20,142 - 45,202 -1,324 -26,882 27,699 36,355 83,423 29,206 43,000 37,000 52,000 - -
Net income 1 10,783 52,307 308,648 - - 3,032 22,345 -12,095 75,601 -20,432 31,000 27,000 37,000 - -
Net margin 1.63% 8.05% 26.85% - - 0.49% 3.62% -1.96% 10.43% -3.07% 4.57% 3.95% 4.95% - -
EPS 2 35.70 173.2 1,022 141.7 175.6 10.04 73.09 -40.05 250.3 -67.65 103.0 88.64 123.0 - -
Dividend per Share 2 839.0 - - - 99.22 - 94.00 - - - 235.4 - - - -
Announcement Date 1/26/22 5/2/22 8/1/22 11/7/22 1/25/23 5/8/23 8/7/23 11/6/23 1/25/24 5/6/24 - - - - -
1CLP in Million2CLP
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,550,404 1,791,643 2,288,350 2,476,339 2,004,712 2,119,067 2,162,343 2,156,887
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.012 x 2.635 x 3.006 x 1.932 x 2.822 x 2.634 x 2.577 x 2.454 x
Free Cash Flow 1 138,060 158,050 266,837 -5,943 339,627 694,059 692,823 437,456
ROE (net income / shareholders' equity) 10.4% 5.42% 4.98% 29.9% 5.5% 7.84% 9.16% 8.66%
ROA (Net income/ Total Assets) 3.38% 1.68% 1.45% 8.25% 1.61% 2.44% 2.07% 2.12%
Assets 1 4,560,713 5,027,753 5,170,711 5,536,816 5,520,768 4,804,557 7,452,234 7,067,026
Book Value Per Share 2 5,326 4,995 4,977 5,147 5,548 5,921 6,125 6,356
Cash Flow per Share 2,037 1,856 - - - - - -
Capex 1 477,248 402,506 305,004 596,642 540,627 537,551 541,670 538,606
Capex / Sales 21.72% 18.74% 12.4% 19.02% 21.01% 20.13% 19.46% 18.34%
Announcement Date 1/29/20 1/27/21 1/26/22 1/25/23 1/25/24 - - -
1CLP in Million2CLP
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
2,910 CLP
Average target price
3,470 CLP
Spread / Average Target
+19.24%
Consensus
  1. Stock Market
  2. Equities
  3. ENTEL Stock
  4. Financials Empresa Nacional de Telecomunicaciones S.A.