MAGYAR TELEKOM TÁVKÖZLÉSI NYILVÁNOSAN MÜKÖDÖ RÉSZVÉNYTÁRSASÁG

Cash flow Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság

Equities

MTELEKOM

HU0000073507

Integrated Telecommunications Services

Market Closed - Budapest S.E. Other stock markets 11:19:59 2025-01-16 am EST			5-day change	1st Jan Change
1,354.00 ^HUF	+1.96%		+1.80%	+6.28%

Nov. 13	Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	CI
Aug. 21	Magyar Telekom Concludes Agreements on Frequency Sale and 2G Access	CI

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Published financial data: MAGYAR TELEKOM TÁVKÖZLÉSI NYILVÁNOSAN MÜKÖDÖ RÉSZVÉNYTÁRSASÁG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	667B	673B	700B	747B	849B
Total Revenues	667B	673B	700B	747B	849B
Cost of Goods Sold, Total	348B	349B	350B	366B	401B
Gross Profit	319B	324B	350B	381B	449B
Selling General & Admin Expenses, Total	10.61B	8.56B	9.05B	9.54B	10.04B
Provision for Bad Debts	-	-	11.01B	-	14.03B
Depreciation & Amortization - (IS)	137B	141B	148B	139B	139B
Other Operating Expenses	90.75B	91.99B	90.3B	127B	138B
Other Operating Expenses, Total	239B	242B	258B	275B	301B
Operating Income	80.1B	82.56B	92.06B	105B	148B
Interest Expense, Total	-14.29B	-11.32B	-13.77B	-17.6B	-25B
Interest And Investment Income	377M	676M	362M	1.59B	4.13B
Net Interest Expenses	-13.91B	-10.64B	-13.4B	-16.01B	-20.87B
Income (Loss) On Equity Invest.	90M	-66M	-	26M	-
Currency Exchange Gains (Loss)	-6.9B	-30.26B	-2.1B	-24.28B	10.3B
Other Non Operating Income (Expenses)	-3.31B	17.09B	1.82B	15.37B	-33.58B
EBT, Excl. Unusual Items	56.06B	58.68B	78.37B	80.41B	104B
Gain (Loss) On Sale Of Investments	-	-35M	-11M	106M	112M
Gain (Loss) On Sale Of Assets	2.98B	2.14B	751M	3.88B	237M
Insurance Settlements	106M	85M	-	-	-
Other Unusual Items	-	38M	-	-	-
EBT, Incl. Unusual Items	59.14B	60.91B	79.11B	84.4B	104B
Income Tax Expense	14.63B	14.6B	16.27B	17.32B	19.55B
Earnings From Continuing Operations	44.51B	46.32B	62.85B	67.07B	84.4B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	44.51B	46.32B	62.85B	67.07B	84.4B
Minority Interest	-3.36B	-3.95B	-3.85B	-4.12B	-5.45B
Net Income - (IS)	41.16B	42.36B	59B	62.95B	78.95B
Net Income to Common Incl Extra Items	41.16B	42.36B	59B	62.95B	78.95B
Net Income to Common Excl. Extra Items	41.16B	42.36B	59B	62.95B	78.95B
Per Share Items
Net EPS - Basic	39.81	41.25	58.56	64.53	83.73
Basic EPS - Continuing Operations	39.81	41.25	58.56	64.53	83.73
Basic Weighted Average Shares Outstanding	1.03B	1.03B	1.01B	976M	943M
Net EPS - Diluted	39.81	41.25	58.56	64.53	83.73
Diluted EPS - Continuing Operations	39.81	41.25	58.56	64.53	83.73
Diluted Weighted Average Shares Outstanding	1.03B	1.03B	1.01B	976M	943M
Normalized Basic EPS	30.64	31.86	44.8	47.29	62.89
Normalized Diluted EPS	30.64	31.86	44.8	47.29	62.89
Dividend Per Share	20	15	15.05	30.6	44.7
Payout Ratio	72.22	57.87	31.85	30.95	42.99
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	174B	181B	195B	199B	287B
EBITA	99.16B	106B	118B	130B	148B
EBIT	80.1B	82.56B	92.06B	105B	148B
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	-	-	700B	747B	849B
Effective Tax Rate - (Ratio)	24.74	23.96	20.56	20.52	18.81
Total Current Taxes	3.27B	3.03B	3.83B	4.52B	5.11B
Total Deferred Taxes	1.77B	2.36B	2.92B	2.83B	3.76B
Normalized Net Income	31.68B	32.72B	45.13B	46.13B	59.3B
Interest Capitalized	83M	209M	157M	267M	526M
Interest on Long-Term Debt	5.56B	5.41B	5.63B	6.11B	6.96B
Non-Cash Pension Expense	4.8B	5.8B	2.92B	2.49B	2.24B
Supplemental Operating Expense Items
Marketing Expenses	10.61B	8.56B	9.05B	9.54B	10.04B
Selling and Marketing Expenses	10.61B	8.56B	9.05B	9.54B	10.04B
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	13.4B	14.69B	13.46B	12.86B	13.51B
Short Term Investments	813M	3.57B	5.28B	665M	6.1B
Total Cash And Short Term Investments	14.21B	18.26B	18.74B	13.53B	19.61B
Accounts Receivable, Total	187B	176B	179B	190B	217B
Other Receivables	8.58B	26.02B	6.15B	1.69B	131M
Notes Receivable	290M	225M	-	-	-
Total Receivables	196B	202B	185B	192B	217B
Inventory	19.83B	18.4B	18.05B	25.34B	32.43B
Prepaid Expenses	5.49B	4.58B	6.83B	10.04B	-
Other Current Assets, Total	894M	14.76B	2.86B	267M	16.46B
Total Current Assets	237B	258B	232B	241B	285B
Gross Property Plant And Equipment	-	-	-	1,621B	-
Accumulated Depreciation	-	-	-	-1,022B	-
Net Property Plant And Equipment	534B	554B	560B	599B	599B
Long-term Investments	2.14B	2.34B	3.2B	3.32B	3.51B
Goodwill	213B	213B	213B	213B	213B
Other Intangibles, Total	213B	286B	346B	332B	315B
Accounts Receivable Long-Term	22.13B	23.32B	23.66B	27.25B	29.63B
Loans Receivable Long-Term	739M	562M	-	-	-
Deferred Tax Assets Long-Term	103M	118M	125M	742M	123M
Deferred Charges Long-Term	4.55B	5.39B	6.57B	7.4B	9.15B
Other Long-Term Assets, Total	3.31B	7.28B	16.76B	32.04B	9.92B
Total Assets	1,229B	1,350B	1,401B	1,456B	1,464B
Liabilities
Accounts Payable, Total	155B	148B	142B	159B	166B
Accrued Expenses, Total	22.55B	23.2B	19.7B	24.71B	26.08B
Short-term Borrowings	1.32B	1.31B	1.39B	1.28B	1.36B
Current Portion of Long-Term Debt	87.8B	109B	92.12B	78.18B	105B
Current Portion of Leases	17.36B	20.71B	22.33B	26.74B	26.94B
Current Income Taxes Payable	844M	432M	2.55B	1.48B	2.75B
Unearned Revenue Current, Total	13.77B	12.96B	14.2B	15.26B	16.13B
Other Current Liabilities	2.89B	642M	1.04B	495M	2.86B
Total Current Liabilities	302B	317B	295B	307B	347B
Long-Term Debt	171B	232B	268B	271B	215B
Long-Term Leases	94.64B	112B	112B	115B	110B
Unearned Revenue Non Current	383M	361M	326M	405M	358M
Deferred Tax Liability Non Current	19.03B	18.62B	16.89B	14.3B	11.71B
Other Non Current Liabilities	10.46B	13.02B	15.19B	14.64B	13.92B
Total Liabilities	597B	692B	708B	722B	698B
Common Stock, Total	104B	104B	104B	101B	97.16B
Additional Paid In Capital	27.38B	27.38B	27.38B	26.41B	-
Retained Earnings	444B	466B	509B	547B	586B
Treasury Stock	-3.99B	-9.21B	-19.42B	-18.6B	-18.6B
Comprehensive Income and Other	25.05B	30.45B	31.19B	36.69B	59.04B
Total Common Equity	597B	619B	653B	692B	723B
Minority Interest	35.17B	39.04B	40.08B	43.04B	42.2B
Total Equity	632B	658B	693B	735B	766B
Total Liabilities And Equity	1,229B	1,350B	1,401B	1,456B	1,464B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.03B	1.02B	997M	963M	930M
ECS Total Common Shares Outstanding	1.03B	1.02B	997M	963M	930M
Book Value / Share	577.41	606.1	654.88	718.52	778.1
Tangible Book Value	171B	120B	94.23B	147B	196B
Tangible Book Value Per Share	165.55	117.43	94.52	152.53	210.9
Total Debt	372B	475B	496B	492B	458B
Net Debt	358B	456B	477B	478B	438B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	35.17B	39.04B	40.08B	43.04B	42.2B
Equity Method Investments, Total	1.08B	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	18.46B	16.6B	16.07B	22.76B	30.13B
Inventories - Others	1.61B	1.96B	2.13B	2.84B	2.43B
Land - (BS)	-	-	-	139B	-
Buildings, Total	-	-	-	-	-
Machinery, Total	-	-	-	1,295B	-
Full Time Employees	8.25K	7.13K	6.79K	6.71K	6.8K
Accumulated Allowance for Doubtful Accounts (Supple)	30.69B	28.98B	31.34B	33.76B	41.55B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	41.16B	42.36B	59B	62.95B	78.95B
Depreciation & Amortization - CF	91.92B	92.8B	95.99B	89.54B	139B
Amortization of Goodwill and Intangible Assets - (CF)	19.07B	23.11B	26.11B	24.52B	-
Depreciation & Amortization, Total	111B	116B	122B	114B	139B
Amortization of Deferred Charges, Total - (CF)	26.39B	25.14B	25.86B	24.7B	-
(Gain) Loss on Sale of Investments - (CF)	-	35M	-	-	-
(Income) Loss On Equity Investments - (CF)	-90M	66M	-	-26M	-
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	4.27B	6.06B	-1.09B	2.8B	25.62B
Change in Other Net Operating Assets	-20.35B	-3.63B	-11.1B	-8.73B	-20.99B
Cash from Operations	162B	186B	195B	196B	223B
Capital Expenditure	-97.66B	-153B	-111B	-121B	-100B
Sale of Property, Plant, and Equipment	9.35B	7.84B	1.95B	1.12B	570M
Cash Acquisitions	-1.45B	-567M	-1.68B	-	-67M
Divestitures	-	268M	-	5.5B	-
Investment in Marketable and Equity Securities, Total	4.82B	-2.53B	9.23B	9.34B	-15.22B
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-84.94B	-148B	-101B	-105B	-115B
Long-Term Debt Issued, Total	182B	287B	187B	158B	124B
Total Debt Issued	182B	287B	187B	158B	124B
Long-Term Debt Repaid, Total	-221B	-291B	-248B	-167B	-177B
Total Debt Repaid	-221B	-291B	-248B	-167B	-177B
Repurchase of Common Stock	-	-5.22B	-10.22B	-14.61B	-14.61B
Common Dividends Paid	-29.72B	-24.52B	-18.79B	-19.49B	-33.94B
Common & Preferred Stock Dividends Paid	-29.72B	-24.52B	-18.79B	-19.49B	-33.94B
Other Financing Activities, Total	-3.4B	-4.05B	-4.68B	-48.13B	-4.61B
Cash from Financing	-71.44B	-37.6B	-94.71B	-91.86B	-107B
Foreign Exchange Rate Adjustments	198M	1.04B	118M	750M	-462M
Net Change in Cash	6.19B	1.29B	-1.23B	-602M	653M
Supplemental Items
Cash Interest Paid	22.93B	19.91B	19.94B	21.23B	31.23B
Cash Income Tax Paid (Refund)	12.56B	12.7B	14.47B	18.62B	17.82B
Levered Free Cash Flow	54.7B	5.25B	107B	78.92B	90.57B
Unlevered Free Cash Flow	63.64B	12.33B	115B	89.92B	106B
Change In Net Working Capital	26.15B	27.22B	-20.62B	-6.56B	25.21B
Net Debt Issued / Repaid	-38.31B	-3.82B	-61.03B	-9.64B	-53.64B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.2	4	4.18	4.61	6.32
Return on Total Capital	5.24	4.83	4.96	5.45	7.54
Return On Equity %	7.14	7.18	9.31	9.4	11.25
Return on Common Equity	6.99	6.97	9.28	9.36	11.16
Margin Analysis
Gross Profit Margin %	47.83	48.16	50.05	50.98	52.85
SG&A Margin	1.59	1.27	1.29	1.28	1.18
EBITDA Margin %	26.05	26.84	27.89	26.66	33.78
EBITA Margin %	14.87	15.7	16.88	17.39	17.4
EBIT Margin %	12.01	12.27	13.15	14.1	17.4
Income From Continuing Operations Margin %	6.68	6.88	8.98	8.98	9.94
Net Income Margin %	6.17	6.29	8.43	8.43	9.3
Net Avail. For Common Margin %	6.17	6.29	8.43	8.43	9.3
Normalized Net Income Margin	4.75	4.86	6.45	6.18	6.98
Levered Free Cash Flow Margin	8.21	0.78	15.23	10.57	10.66
Unlevered Free Cash Flow Margin	9.55	1.83	16.46	12.04	12.5
Asset Turnover
Asset Turnover	0.56	0.52	0.51	0.52	0.58
Fixed Assets Turnover	1.37	1.24	1.26	1.29	1.42
Receivables Turnover (Average Receivables)	3.6	3.7	3.94	4.04	4.17
Inventory Turnover (Average Inventory)	17.86	18.25	19.19	16.87	13.87
Short Term Liquidity
Current Ratio	0.78	0.82	0.79	0.79	0.82
Quick Ratio	0.7	0.7	0.69	0.67	0.68
Operating Cash Flow to Current Liabilities	0.54	0.59	0.66	0.64	0.64
Days Sales Outstanding (Average Receivables)	101.4	98.79	92.62	90.37	87.47
Days Outstanding Inventory (Average Inventory)	20.44	20.05	19.02	21.64	26.32
Average Days Payable Outstanding	172.99	159.79	151.66	147.07	145.61
Cash Conversion Cycle (Average Days)	-51.15	-40.95	-40.03	-35.07	-31.81
Long Term Solvency
Total Debt/Equity	58.81	72.16	71.54	66.9	59.81
Total Debt / Total Capital	37.03	41.91	41.71	40.08	37.43
LT Debt/Equity	41.96	52.2	54.83	52.45	42.45
Long-Term Debt / Total Capital	26.42	30.32	31.96	31.42	26.56
Total Liabilities / Total Assets	48.56	51.28	50.53	49.55	47.69
EBIT / Interest Expense	5.6	7.29	6.69	5.98	5.91
EBITDA / Interest Expense	13.37	17.53	15.56	12.47	11.48
(EBITDA - Capex) / Interest Expense