Financials Hrvatski Telekom d.d.

Equities

HT

HRHT00RA0005

Integrated Telecommunications Services

End-of-day quote Zagreb S.E. 06:00:00 2024-05-01 pm EDT 5-day change 1st Jan Change
30.6 EUR 0.00% Intraday chart for Hrvatski Telekom d.d. 0.00% +12.09%

Valuation

Fiscal Period: December 2019 2020 2021 2023 2024 2025 2026
Capitalization 1 14,199 14,551 1,975 2,150 17,883 - -
Enterprise Value (EV) 1 12,327 12,380 -896.5 140 15,504 15,179 17,883
P/E ratio - 24.8 x 3.22 x 2.11 x 19.3 x 18.9 x -
Yield 5.72% 4.42% 32.4% 42.9% 5.17% 5.3% -
Capitalization / Revenue 1.84 x 1.95 x 0.27 x 0.27 x 2.2 x 2.15 x -
EV / Revenue 1.6 x 1.66 x -0.12 x 0.02 x 1.91 x 1.83 x -
EV / EBITDA 3.76 x 4.07 x -0.29 x 0.05 x 4.65 x 4.44 x -
EV / FCF - 16.5 x -0.68 x - 12.6 x 11.5 x 13 x
FCF Yield - 6.05% -147% - 7.93% 8.68% 7.7%
Price to Book - 1.16 x 0.16 x 0.17 x 1.4 x 1.39 x -
Nbr of stocks (in thousands) 81,220 80,313 80,048 78,756 77,189 - -
Reference price 2 174.8 181.2 24.67 27.30 230.9 230.9 230.9
Announcement Date 2/18/20 2/24/21 2/24/22 2/23/24 - - -
1HRK in Million2HRK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2023 2024 2025 2026
Net sales 1 7,704 7,458 7,393 7,931 8,115 8,316 -
EBITDA 1 3,274 3,042 3,142 3,033 3,336 3,418 -
EBIT 1 1,012 807 813 965.4 1,205 1,240 1,257
Operating Margin 13.14% 10.82% 11% 12.17% 14.85% 14.91% -
Earnings before Tax (EBT) 1 900 713.9 744 1,224 1,180 1,201 -
Net income 1 740 588.2 615 1,007 925.5 941.4 -
Net margin 9.61% 7.89% 8.32% 12.7% 11.41% 11.32% -
EPS 2 - 7.310 7.660 12.94 11.95 12.25 -
Free Cash Flow 1 - 749 1,319 - 1,230 1,318 1,376
FCF margin - 10.04% 17.85% - 15.16% 15.85% -
FCF Conversion (EBITDA) - 24.62% 41.99% - 36.88% 38.55% -
FCF Conversion (Net income) - 127.34% 214.54% - 132.92% 140% -
Dividend per Share 2 10.00 8.000 8.000 11.72 11.95 12.25 -
Announcement Date 2/18/20 2/24/21 2/24/22 2/23/24 - - -
1HRK in Million2HRK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 3,494 3,612 1,867 1,711 1,776 3,487 - 1,875 1,878 - 2,097 2,050 1,910
EBITDA 1,293 1,529 - 650 664 1,314 - 692 678 - - 766.2 -
EBIT 421 240 211 256 206 461 - 219 284.1 - 400.2 238.9 -
Operating Margin 12.05% 6.64% 11.3% 14.96% 11.6% 13.22% - 11.68% 15.13% - 19.08% 11.65% -
Earnings before Tax (EBT) - - - - - - 290 - - 255.8 - - -
Net income 1 - - 155 - - - 224 - 211 201.6 - 272.4 201.1
Net margin - - 8.3% - - - - - 11.23% - - 13.29% 10.53%
EPS - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 7/24/20 7/29/21 2/24/22 4/28/22 7/28/22 7/28/22 10/31/22 2/23/23 4/28/23 7/27/23 10/31/23 2/23/24 4/30/24
1HRK in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 1,872 2,171 2,871 2,010 2,379 2,704 -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - 749 1,319 - 1,230 1,318 1,376
ROE (net income / shareholders' equity) 5.78% 4.65% 4.91% 8.02% 7.29% 7.37% -
ROA (Net income/ Total Assets) - 3.69% 4.02% - - - -
Assets 1 - 15,940 15,298 - - - -
Book Value Per Share 2 - 157.0 156.0 163.0 165.0 166.0 -
Cash Flow per Share - 31.40 35.70 - - - -
Capex 1 1,460 1,781 1,543 - 1,769 1,813 1,850
Capex / Sales 18.95% 23.88% 20.87% - 21.8% 21.8% -
Announcement Date 2/18/20 2/24/21 2/24/22 2/23/24 - - -
1HRK in Million2HRK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
1
Last Close Price
230.9 HRK
Average target price
218.7 HRK
Spread / Average Target
-5.28%
Consensus

Quarterly revenue - Rate of surprise

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