Professional
Added to YB: 2024-02-19
Pitch date: 2024-01-19
TKA.VI [bullish]
Telekom Austria AG
+37.01%
current return
Author Info
No bio for this author
Company Info
Telekom Austria AG, together with its subsidiaries, provides fixed-line and mobile communications solutions to individuals, commercial and non-commercial organizations, and other national and foreign carriers in Austria, Bulgaria, Croatia, Belarus, Slovenia, Serbia, and North Macedonia.
Market Cap
EUR 6.6B
Pitch Price
EUR 7.12
Price Target
N/A
Dividend
4.22%
EV/EBITDA
4.07
P/E
10.47
EV/Sales
1.48
Sector
Diversified Telecommunication Services
Category
growth
Palm Harbour Capital Portfolio Holding - Telekom Austria
Telekom Austria +15.9%, contributing 94bps. Q3: sales +2.6%, EBITDA +0.6% despite FX headwinds & one-offs; adjusted EBITDA +6%. Spin-off impact limited due to timing. 2023 guidance maintained: ~5% sales growth, €950M capex. 2024-26 outlook: 3-4% revenue growth, 4-5% EBITDA growth, stable capex. Base dividend unchanged post-spin-off with potential increases ahead given strong cash flows, suggesting significant upside.
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