Financials Telekom Networks Malawi plc

Equities

TNM

MWTNM0010126

Wireless Telecommunications Services

End-of-day quote Malawi S.E. 06:00:00 2024-04-24 pm EDT 5-day change 1st Jan Change
12.1 MWK +0.25% Intraday chart for Telekom Networks Malawi plc +0.33% -35.29%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 145,587 281,133 261,052 201,512 230,127 140,566
Enterprise Value (EV) 1 156,400 296,492 273,307 214,659 256,721 167,345
P/E ratio 11.1 x 16.9 x 17.3 x 26.1 x 23.7 x -77.8 x
Yield 4.14% 2.68% 2.88% 1.99% 1.88% -
Capitalization / Revenue 1.83 x 3.08 x 2.8 x 2.31 x 2.43 x 1.46 x
EV / Revenue 1.97 x 3.25 x 2.93 x 2.46 x 2.71 x 1.74 x
EV / EBITDA 5.49 x 8.63 x 7.87 x 7.88 x 8.16 x 7.47 x
EV / FCF 37.5 x 261 x 16.7 x 15.9 x -31.9 x 19.2 x
FCF Yield 2.67% 0.38% 6% 6.28% -3.13% 5.22%
Price to Book 5 x 7.33 x 5.69 x 4.59 x 4.67 x 3.02 x
Nbr of stocks (in thousands) 10,040,450 10,040,450 10,040,450 10,040,450 10,040,450 10,040,450
Reference price 2 14.50 28.00 26.00 20.07 22.92 14.00
Announcement Date 6/14/18 6/17/19 4/2/20 6/11/21 8/5/22 5/23/23
1MWK in Million2MWK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 79,590 91,178 93,274 87,304 94,816 96,354
EBITDA 1 28,477 34,372 34,712 27,226 31,461 22,399
EBIT 1 21,865 26,913 25,917 17,222 20,153 7,897
Operating Margin 27.47% 29.52% 27.79% 19.73% 21.25% 8.2%
Earnings before Tax (EBT) 1 18,965 24,024 21,803 12,937 13,521 -1,794
Net income 1 13,108 16,667 15,063 7,729 9,691 -1,763
Net margin 16.47% 18.28% 16.15% 8.85% 10.22% -1.83%
EPS 2 1.306 1.660 1.500 0.7697 0.9652 -0.1800
Free Cash Flow 1 4,170 1,138 16,392 13,483 -8,044 8,731
FCF margin 5.24% 1.25% 17.57% 15.44% -8.48% 9.06%
FCF Conversion (EBITDA) 14.64% 3.31% 47.22% 49.52% - 38.98%
FCF Conversion (Net income) 31.81% 6.83% 108.82% 174.46% - -
Dividend per Share 2 0.6000 0.7500 0.7500 0.4000 0.4300 -
Announcement Date 6/14/18 6/17/19 4/2/20 6/11/21 8/5/22 5/23/23
1MWK in Million2MWK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 10,813 15,360 12,255 13,148 26,594 26,779
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.3797 x 0.4469 x 0.353 x 0.4829 x 0.8453 x 1.196 x
Free Cash Flow 1 4,170 1,138 16,392 13,483 -8,044 8,731
ROE (net income / shareholders' equity) 52.5% 49.4% 35.8% 18.1% 20.8% -3.68%
ROA (Net income/ Total Assets) 23.7% 23.1% 17.7% 9.62% 9.65% 3.41%
Assets 1 55,277 71,997 84,996 80,307 100,461 -51,757
Book Value Per Share 2 2.900 3.820 4.570 4.370 4.910 4.630
Cash Flow per Share 2 0.2900 0.2300 1.300 1.460 1.600 2.260
Capex 1 17,707 16,610 16,414 20,287 28,351 15,143
Capex / Sales 22.25% 18.22% 17.6% 23.24% 29.9% 15.72%
Announcement Date 6/14/18 6/17/19 4/2/20 6/11/21 8/5/22 5/23/23
1MWK in Million2MWK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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