Financials T-Mobile US, Inc.

Equities

TMUS

US8725901040

Wireless Telecommunications Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-10 pm EDT			5-day change	1st Jan Change
196.50 ^USD	+0.61%		-2.01%	+22.56%

Sep. 10	Americans used record 100 trillion megabytes of wireless data in 2023	RE
Sep. 05	T-MOBILE US : Goldman Sachs reiterates its Buy rating	ZD

Projected Income Statement: T-Mobile US, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	44,998	68,397	80,118	79,571	78,558	80,842	84,458	87,811
Change	-	52%	17.14%	-0.68%	-1.27%	2.91%	4.47%	3.97%
EBITDA ¹	13,383	24,557	26,924	27,821	29,428	31,682	33,901	35,954
Change	-	83.49%	9.64%	3.33%	5.78%	7.66%	7%	6.06%
EBIT ¹	5,722	6,636	6,892	6,543	14,266	17,597	19,841	21,432
Change	-	15.97%	3.86%	-5.06%	118.03%	23.35%	12.75%	8.02%
Interest Paid ¹	-1,135	-2,701	-3,342	-3,364	-3,335	-3,442	-3,573	-3,820
Earnings before Tax (EBT) ¹	4,603	3,530	3,351	3,146	10,999	14,195	16,300	17,743
Change	-	-23.31%	-5.07%	-6.12%	249.62%	29.05%	14.84%	8.85%
Net income ¹	3,468	3,064	3,024	2,590	8,317	10,778	12,303	13,430
Change	-	-11.65%	-1.31%	-14.35%	221.12%	29.59%	14.15%	9.16%
Announcement Date	2/6/20	2/4/21	2/2/22	2/1/23	1/25/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	11,061	11,878	11,113	17,671	19,272	20,341	19,759	19,950	19,624	20,785	20,120	19,701	19,477	20,273	19,632	19,196	19,252	20,478	19,594	19,772	20,078	21,370	20,561	20,512	20,738	22,005	20,953	20,914
Change	-	7.39%	-6.44%	59.01%	9.06%	5.55%	-2.86%	0.97%	-1.63%	5.92%	-3.2%	-2.08%	-1.14%	4.09%	-3.16%	-2.22%	0.29%	6.37%	-4.32%	0.91%	1.55%	6.44%	-3.79%	-0.24%	1.1%	6.11%	-4.78%	-0.19%
EBITDA ¹	3,396	3,242	3,665	7,017	7,129	6,746	6,905	6,906	6,811	6,302	6,950	7,004	7,039	6,828	7,199	7,405	7,600	7,224	7,652	8,053	8,157	7,906	8,333	8,652	8,712	8,377	8,828	9,208
Change	-	-4.53%	13.05%	91.46%	1.6%	-5.37%	2.36%	0.01%	-1.38%	-7.47%	10.28%	0.78%	0.5%	-3%	5.43%	2.86%	2.63%	-4.95%	5.92%	5.24%	1.3%	-3.08%	5.4%	3.83%	0.69%	-3.84%	5.38%	4.3%
EBIT ¹	1,471	1,234	1,656	2,377	2,853	1,712	2,139	2,106	2,539	1,063	1,806	709	1,281	2,747	3,397	3,793	3,596	3,480	3,998	4,630	4,645	4,368	4,874	5,179	5,114	4,740	4,970	5,293
Change	-	-16.11%	34.2%	43.54%	20.03%	-39.99%	24.94%	-1.54%	20.56%	-58.13%	69.9%	-60.74%	80.68%	114.44%	23.66%	11.66%	-5.19%	-3.23%	14.89%	15.81%	0.32%	-5.96%	11.59%	6.26%	-1.26%	-7.31%	4.86%	6.5%
Charge d'intérêts ¹	-284	-280	-284	-839	-809	-790	-835	-852	-838	-821	-864	-851	-827	-822	-835	-861	-790	-849	-880	-854	-855	-871.1	-845.8	-853.8	-891.8	-872.2	-964	-992
Earnings before Tax (EBT) ¹	1,195	965	1,257	-208	1,660	821	1,179	1,255	688	229	931	-163	451	1,927	2,571	2,938	2,847	2,643	3,138	3,768	3,801	3,495	3,822	4,152	4,160	3,778	4,006	4,301
Change	-	-19.25%	30.26%	-	-	-50.54%	43.61%	6.45%	-45.18%	-66.72%	306.55%	-	-	327.27%	33.42%	14.27%	-3.1%	-7.17%	18.73%	20.08%	0.87%	-8.04%	9.36%	8.62%	0.21%	-9.2%	6.04%	7.36%
Net income ¹	870	751	951	110	1,253	750	933	978	691	422	713	-108	508	1,477	1,940	2,221	2,142	2,014	2,374	2,925	2,850	2,638	3,028	3,228	3,179	2,888	2,965	3,183
Change	-	-13.68%	26.63%	-88.43%	1,039.09%	-40.14%	24.4%	4.82%	-29.35%	-38.93%	68.96%	-	-	190.75%	31.35%	14.48%	-3.56%	-5.98%	17.87%	23.21%	-2.57%	-7.44%	14.79%	6.62%	-1.54%	-9.15%	2.68%	7.35%
Announcement Date	10/28/19	2/6/20	5/6/20	8/6/20	11/5/20	2/4/21	5/4/21	7/29/21	11/2/21	2/2/22	4/27/22	7/27/22	10/27/22	2/1/23	4/27/23	7/27/23	10/25/23	1/25/24	4/25/24	7/31/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: T-Mobile US, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	23,441	63,247	70,137	69,984	72,379	76,543	81,375	86,156
Change	-	169.81%	10.89%	-0.22%	3.42%	5.75%	6.31%	5.88%
Announcement Date	2/6/20	2/4/21	2/2/22	2/1/23	1/25/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: T-Mobile US, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	6,391	11,034	12,326	13,970	9,801	8,937	9,490	9,832
Change	-	72.65%	11.71%	13.34%	-29.84%	-8.82%	6.19%	3.61%
Free Cash Flow (FCF) ¹	4,689	3,001	5,646	7,656	13,586	16,896	17,787	17,848
Change	-	-36%	88.14%	35.6%	77.46%	24.36%	5.27%	0.34%
Announcement Date	2/6/20	2/4/21	2/2/22	2/1/23	1/25/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: T-Mobile US, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	29.74%	35.9%	33.61%	34.96%	37.46%	39.19%	40.14%	40.95%
EBIT Margin (%)	12.72%	9.7%	8.6%	8.22%	18.16%	21.77%	23.49%	24.41%
EBT Margin (%)	10.23%	5.16%	4.18%	3.95%	14%	17.56%	19.3%	20.21%
Net margin (%)	7.71%	4.48%	3.77%	3.25%	10.59%	13.33%	14.57%	15.29%
FCF margin (%)	10.42%	4.39%	7.05%	9.62%	17.29%	20.9%	21.06%	20.33%
FCF / Net Income (%)	135.21%	97.94%	186.71%	295.6%	163.35%	156.77%	144.57%	132.89%
Profitability
ROA	4.35%	2.13%	1.49%	1.24%	3.97%	5.04%	5.65%	6.37%
ROE	12.96%	11.17%	7.92%	3.73%	13.47%	17.49%	21.91%	26.97%
Financial Health
Leverage (Debt/EBITDA)	1.75x	2.58x	2.6x	2.52x	2.46x	2.42x	2.4x	2.4x
Debt / Free cash flow	5x	21.08x	12.42x	9.14x	5.33x	4.53x	4.58x	4.83x
Capital Intensity
CAPEX / Current Assets (%)	14.2%	16.13%	15.38%	17.56%	12.48%	11.05%	11.24%	11.2%
CAPEX / EBITDA (%)	47.75%	44.93%	45.78%	50.21%	33.31%	28.21%	27.99%	27.35%
CAPEX / FCF (%)	136.3%	367.68%	218.31%	182.47%	72.14%	52.89%	53.35%	55.09%
Items per share
Cash flow per share ¹	7.903	7.482	11.09	13.37	15.46	20.27	24.76	26.1
Change	-	-5.33%	48.24%	20.52%	15.67%	31.08%	22.17%	5.39%
Dividend per Share ¹	-	-	-	-	0.65	2.649	2.928	3.231
Change	-	-	-	-	-	307.54%	10.53%	10.36%
Book Value Per Share ¹	33.6	52.62	55.32	56.45	54.12	52.66	52.13	51.47
Change	-	56.62%	5.12%	2.05%	-4.13%	-2.7%	-1%	-1.26%
EPS ¹	4.02	2.65	2.41	2.06	6.93	9.245	11.29	13.46
Change	-	-34.08%	-9.06%	-14.52%	236.41%	33.4%	22.15%	19.16%
Nbr of stocks (in thousands)	855,575	1,241,187	1,249,054	1,244,154	1,156,475	1,166,784	1,166,784	1,166,784
Announcement Date	2/6/20	2/4/21	2/2/22	2/1/23	1/25/24	-	-	-