Professional
Added to YB: 2026-02-10
Pitch date: 2026-02-03
ZEG.L [neutral]
Zegona Communications plc
+11.53%
current return
Author Info
Alluvial Capital is an investment manager with a focus on overlooked and obscure securities around the world. Sign up for the newsletter.
Company Info
Zegona Communications plc provides integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services.
Market Cap
GBP 13.9B
Pitch Price
GBP 16.05
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.12
P/E
-191.39
EV/Sales
6.18
Sector
Diversified Telecommunication Services
Category
value
Alluvial Fund Portfolio Holding: Zegona Communications plc
ZEG.L: LBO of Vodafone Spain delivered all 4 goals: €1.8B from fiber sales, €1.4B shareholder distribution, cost cuts, customer growth resumption. 69% share cancellation, active buybacks, reduced loan rates. Market reclassified from speculative to investable but still undervalued vs peers. Upside from data center/wireless sales, revenue growth, margin gains.
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