AT&T INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.75 USD | +1.03% |
|
+1.45% | -0.18% |
| Apr. 26 | New York affordable internet law revived by federal appeals court | RE |
| Apr. 26 | Charter Communications reports higher-than-expected broadband subscriber losses | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 285,479 | 204,916 | 175,669 | 131,193 | 119,977 | 120,098 | - | - |
| Enterprise Value (EV) 1 | 436,496 | 352,421 | 331,854 | 263,382 | 250,586 | 240,463 | 231,551 | 223,796 |
| P/E ratio | 20.7 x | -38.3 x | 8.91 x | -16.3 x | 8.52 x | 8.06 x | 7.59 x | 7.44 x |
| Yield | 5.25% | 7.23% | 8.46% | 6.03% | 6.62% | 6.68% | 6.75% | 6.76% |
| Capitalization / Revenue | 1.58 x | 1.19 x | 1.04 x | 1.09 x | 0.98 x | 0.98 x | 0.97 x | 0.96 x |
| EV / Revenue | 2.41 x | 2.05 x | 1.97 x | 2.18 x | 2.05 x | 1.96 x | 1.86 x | 1.78 x |
| EV / EBITDA | 7.36 x | 6.46 x | 6.45 x | 6.35 x | 5.77 x | 5.38 x | 5.09 x | 4.86 x |
| EV / FCF | 15 x | 12.8 x | 13 x | 16.3 x | 12.2 x | 13.5 x | 12.8 x | 12.5 x |
| FCF Yield | 6.65% | 7.79% | 7.66% | 6.15% | 8.17% | 7.39% | 7.8% | 8% |
| Price to Book | 1.55 x | 1.27 x | 1.06 x | 1.35 x | 1.16 x | 1.08 x | 1.01 x | 0.94 x |
| Nbr of stocks (in thousands) | 7,305,000 | 7,125,045 | 7,141,000 | 7,126,188 | 7,150,020 | 7,170,000 | - | - |
| Reference price 2 | 39.08 | 28.76 | 24.60 | 18.41 | 16.78 | 16.75 | 16.75 | 16.75 |
| Announcement Date | 1/29/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 181,193 | 171,760 | 168,864 | 120,741 | 122,428 | 122,817 | 124,158 | 125,535 |
| EBITDA 1 | 59,287 | 54,546 | 51,469 | 41,465 | 43,400 | 44,692 | 45,530 | 46,067 |
| EBIT 1 | 27,955 | 6,405 | 23,347 | -4,587 | 23,461 | 24,774 | 25,445 | 26,035 |
| Operating Margin | 15.43% | 3.73% | 13.83% | -3.8% | 19.16% | 20.17% | 20.49% | 20.74% |
| Earnings before Tax (EBT) 1 | 18,468 | -2,856 | 26,947 | -3,094 | 19,848 | 20,445 | 21,495 | 21,727 |
| Net income 1 | 13,900 | -5,400 | 19,900 | -8,727 | 14,192 | 14,942 | 15,781 | 15,708 |
| Net margin | 7.67% | -3.14% | 11.78% | -7.23% | 11.59% | 12.17% | 12.71% | 12.51% |
| EPS 2 | 1.890 | -0.7500 | 2.760 | -1.130 | 1.970 | 2.078 | 2.206 | 2.251 |
| Free Cash Flow 1 | 29,033 | 27,455 | 25,430 | 16,186 | 20,461 | 17,778 | 18,059 | 17,909 |
| FCF margin | 16.02% | 15.98% | 15.06% | 13.41% | 16.71% | 14.48% | 14.55% | 14.27% |
| FCF Conversion (EBITDA) | 48.97% | 50.33% | 49.41% | 39.04% | 47.15% | 39.78% | 39.66% | 38.88% |
| FCF Conversion (Net income) | 208.87% | - | 127.79% | - | 144.17% | 118.98% | 114.44% | 114.01% |
| Dividend per Share 2 | 2.050 | 2.080 | 2.080 | 1.110 | 1.110 | 1.119 | 1.130 | 1.132 |
| Announcement Date | 1/29/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 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 | 39,922 | 40,958 | 38,105 | 29,643 | 30,043 | 31,343 | 30,139 | 29,917 | 30,350 | 32,022 | 30,028 | 30,027 | 30,482 | 31,960 | 30,557 |
| EBITDA 1 | 13,019 | 11,301 | 11,638 | 10,330 | 10,714 | 10,231 | 10,589 | 11,053 | 11,203 | 10,555 | 11,046 | 11,291 | 11,484 | 10,980 | 11,325 |
| EBIT 1 | 7,109 | 5,308 | 5,641 | 4,956 | 6,012 | -21,092 | 6,002 | 6,406 | 5,782 | 5,271 | 5,847 | 6,261 | 6,471 | 5,944 | 6,242 |
| Operating Margin | 17.81% | 12.96% | 14.8% | 16.72% | 20.01% | -67.29% | 19.91% | 21.41% | 19.05% | 16.46% | 19.47% | 20.85% | 21.23% | 18.6% | 20.43% |
| Earnings before Tax (EBT) 1 | 7,812 | 6,446 | 6,607 | 6,260 | 7,254 | -23,197 | 5,767 | 6,165 | 4,980 | 2,936 | 4,869 | 5,351 | 5,529 | 4,759 | 5,208 |
| Net income 1 | 5,900 | 5,000 | 4,762 | 4,800 | 5,977 | -23,571 | 4,176 | 4,437 | 3,444 | 2,135 | 3,395 | 3,806 | 3,919 | 3,444 | 3,886 |
| Net margin | 14.78% | 12.21% | 12.5% | 16.19% | 19.89% | -75.2% | 13.86% | 14.83% | 11.35% | 6.67% | 11.31% | 12.67% | 12.86% | 10.78% | 12.72% |
| EPS 2 | 0.8200 | 0.6900 | 0.6500 | 0.5900 | 0.7900 | -3.200 | 0.5700 | 0.6100 | 0.4800 | 0.3000 | 0.4700 | 0.5148 | 0.5311 | 0.4993 | 0.5400 |
| Dividend per Share 2 | 0.5200 | 0.5200 | 0.2800 | 0.2775 | 0.2775 | 0.2775 | 0.2775 | 0.2775 | 0.2775 | 0.2775 | 0.2815 | 0.2815 | 0.2815 | 0.2815 | 0.2819 |
| Announcement Date | 10/21/21 | 1/26/22 | 4/21/22 | 7/21/22 | 10/20/22 | 1/25/23 | 4/20/23 | 7/26/23 | 10/19/23 | 1/24/24 | 4/24/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 151,017 | 147,505 | 156,185 | 132,189 | 130,609 | 120,366 | 111,453 | 103,698 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.547 x | 2.704 x | 3.035 x | 3.188 x | 3.009 x | 2.693 x | 2.448 x | 2.251 x |
| Free Cash Flow 1 | 29,033 | 27,455 | 25,430 | 16,186 | 20,461 | 17,778 | 18,059 | 17,909 |
| ROE (net income / shareholders' equity) | 14.2% | 13.2% | 14.9% | 13.9% | 18.7% | 14% | 13.7% | 13.2% |
| ROA (Net income/ Total Assets) | 4.84% | 4.23% | 4.55% | 3.84% | 4.64% | 4.1% | 4.29% | 4.43% |
| Assets 1 | 287,131 | -127,536 | 437,767 | -227,449 | 306,074 | 363,999 | 368,199 | 354,583 |
| Book Value Per Share 2 | 25.20 | 22.70 | 23.30 | 13.70 | 14.40 | 15.50 | 16.60 | 17.90 |
| Cash Flow per Share 2 | 6.620 | 6.000 | 5.830 | 4.720 | 5.280 | 5.120 | 5.180 | 5.120 |
| Capex 1 | 19,635 | 15,675 | 16,527 | 19,626 | 17,853 | 18,378 | 18,333 | 18,682 |
| Capex / Sales | 10.84% | 9.13% | 9.79% | 16.25% | 14.58% | 14.96% | 14.77% | 14.88% |
| Announcement Date | 1/29/20 | 1/27/21 | 1/26/22 | 1/25/23 | 1/24/24 | - | - | - |
1USD in Million2USD
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
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
27
Last Close Price
16.75
USD
Average target price
20.02
USD
Spread / Average Target
+19.55%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -0.18% | 120B | |
| +2.26% | 193B | |
| +23.66% | 72.46B | |
| -2.36% | 57.97B | |
| +24.90% | 23.92B | |
| +0.76% | 23.3B | |
| +9.95% | 16.07B | |
| -10.14% | 15.66B | |
| +4.97% | 9.6B | |
| -15.58% | 9.2B |
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