Telecom Argentina S.A. (TEO) 10-Year Financial Performance & Capital Metrics

TEO • • Utilities

Communication ServicesTelecom ServicesInternational & Regional CarriersLatin American Carriers

AboutTelecom Argentina S.A., together with its subsidiaries, provides telecommunications services in Argentina and internationally. The company offers telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; and other related supplementary services, such as call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services. It also provides interconnection services, such as traffic and interconnection resource, dedicated Internet access, video signals transportation in standard and high definitions, audio and video streaming, dedicated links, backhaul links for mobile operators, data center hosting/housing services, dedicated links, layer 2 and layer 3 transport networks, video links, value-added services, and other services. In addition, the company offers mobile telecommunications services, including voice communications, high-speed mobile Internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, Modems MiFi and wingles, and smart watches under the Personal brand. Further, it provides internet connectivity products, including virtual private network services, traditional Internet protocol links, and other products; data services; and programming and other cable television services. The company was formerly known as Cablevisión S.A. and changed its name to Telecom Argentina S.A. in January 2018. Telecom Argentina S.A. was founded in 1979 and is based in Buenos Aires, Argentina.Show more

Revenue $4137.6B +100.9%
EBITDA $1165.98B +101.4%
Net Income $1012.4B +492.8%
Free Cash Flow $417.29B +298.3%
EBITDA Margin 28.18% +0.2%
Net Margin 24.47% +295.5%
ROE 19.42% +379.6%
Interest Coverage -0.92 -5.0%
Debt/Equity 0.56 -43.4%
Net Debt/EBITDA 2.38 -69.3%
CapEx / Revenue 8.41% -86.0%
CapEx Coverage 2.33 +115.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y61.95%

5Y53.4%

3Y17.04%

TTM28.36%

Profit (Net Income) CAGR

10Y75.4%

5Y-

3Y388.87%

TTM-103.61%

EPS CAGR

10Y61.94%

5Y-

3Y389.01%

TTM-107.23%

ROCE

10Y Avg9.23%

5Y Avg-11.26%

3Y Avg-22.4%

Latest-1.58%

Peer Comparison

Latin American Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TIGOMillicom International Cellular S.A.	9.36B	56.03	38.12	2.53%	19.59%	33.11%	12.06%	1.89
VIVTelefônica Brasil S.A.	19.43B	12.16	3.60	7.19%	10.34%	8.84%	54.31%	0.30
TIMBTIM S.A.	10.35B	21.67	2.91	6.77%	15.3%	15.98%	75.16%	0.59
LBTYKLiberty Global plc	1.56B	10.46	2.47	5.49%	-50.63%	-15.25%	71.97%	0.79
TEOTelecom Argentina S.A.	1.39B	11.03	0.00	100.94%	-0.57%	-0.5%	100%	0.56
LILALiberty Latin America Ltd.	290.97M	7.48	-2.24	-1.2%	-16.57%	-63.58%	74.2%	5.02
ATNIATN International, Inc.	337.65M	22.13	-12.72	-4.35%	-1.11%	-1.24%	5.03%	1.03
TEFTelefónica, S.A.	21.71B	3.85	-68.26	1.63%	-5.53%	-9.92%	23.97%	1.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	40.5B	60.41B	102.53B	351.95B	487.07B	886.76B	2.58T	4.94T	2.06T	4.14T
Revenue Growth %	0.21%	0.49%	0.7%	2.43%	0.38%	0.82%	1.91%	0.92%	-0.58%	1.01%
Cost of Revenue	11.9B	17.93B	27.96B	91.95B	129.27B	222.19B	695.18B	1.3T	546.76B	1.11T
Gross Profit+	28.59B	42.47B	74.57B	260B	357.8B	664.58B	1.89T	3.65T	1.51T	3.03T
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.25%	0.49%	0.76%	2.49%	0.38%	0.86%	1.84%	0.93%	-0.59%	1.01%
Operating Expenses+	22.36B	30.16B	52.56B	215.48B	325.34B	604.91B	1.9T	5.65T	1.64T	3.18T
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	10.67B	20.2B	37.09B	113.68B	153.13B	301.41B	797.58B	-310.28B	579.08B	1.17T
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.23%	0.89%	0.84%	2.06%	0.35%	0.97%	1.65%	-1.39%	2.87%	1.01%
Depreciation & Amortization+	4.44B	7.88B	15.08B	69.16B	120.67B	241.74B	814.48B	1.69T	704.15B	1.31T
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	6.23B	12.32B	22.01B	44.52B	32.46B	59.67B	-16.91B	-2T	-125.06B	-146.47B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.14%	0.98%	0.79%	1.02%	-0.27%	0.84%	-1.28%	-117.31%	0.94%	-0.17%
Interest Expense+	757M	1.76B	1.63B	9.08B	10.63B	46.51B	103.21B	123.03B	143.19B	159.77B
Interest Coverage	8.23x	7.01x	13.51x	4.90x	3.05x	1.28x	-0.16x	-16.26x	-0.87x	-0.92x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	1000K	1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K	1000K
Pretax Income+	5.13B	16.56B	23.65B	5.65B	21.13B	9.25B	262.4B	-1.57T	-587.94B	1.44T
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.69B	6.01B	8.49B	-5.94B	29.12B	24.26B	202.1B	-179.73B	-338.26B	409.15B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	3.4B	10.46B	14.97B	11.09B	-9.03B	-16.8B	8.66B	-1.41T	-257.73B	1.01T
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.07%	2.07%	0.43%	-0.26%	-1.81%	-0.86%	1.52%	-163.65%	0.82%	4.93%
EPS (Diluted)+	17.55	20.50	21.05	12.30	-10.20	-39.00	20.10	-3272.00	-1303.00	2350.40
EPS Growth %	-0.07%	0.17%	0.03%	-0.42%	-1.83%	-2.82%	1.52%	-163.79%	0.6%	2.8%
EPS (Basic)	17.55	20.50	21.05	12.30	-10.20	-39.00	20.10	-3272.00	-1303.00	2350.40
Diluted Shares Outstanding	193.83M	193.83M	362.17M	430.74M	430.74M	430.74M	430.74M	430.74M	430.74M	430.74M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	38.47B	47.91B	94.07B	571.87B	9.66B	1.14T	2.1T	5.38T	11.93T	10.94T
Asset Growth %	0.46%	0.25%	0.96%	5.08%	-0.98%	116.56%	0.85%	1.56%	1.22%	-0.08%
PP&E (Net)+	17.96B	23.16B	45.7B	232.11B	4.27B	511.14B	943.95B	2.66T	5.42T	4.82T
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	11.49B	15.56B	10.63B	51.52B	848.1M	80.4B	126.91B	351.83B	1.05T	754.86B
Cash & Equivalents	870M	3.94B	6.52B	10.6B	427.27M	27.96B	38.66B	124.72B	347.93B	318.32B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	2.19B	1.28B	136M	4.21B	53.65M	5.62B	6.07B	20.08B	68.66B	60.44B
Other Current Assets	492M	35M	27M	1.27B	0	46M	0	6.39B	12.16B	1.76B
Long-Term Investments	333M	347M	735M	8.61B	3.14B	3.25B	6.28B	20.06B	51.88B	13.61B
Goodwill	0	0	31.95B	185.29B	0	380.23B	738.46B	1.54T	3.36T	3.37T
Intangible Assets	7.66B	7.59B	4.63B	91.47B	1.38B	157.02B	280.72B	793.49B	1.97T	1.9T
Other Assets	1.02B	1.25B	353M	2.75B	13.76M	2.5B	4.2B	5.57B	43.3B	49.4B
Total Liabilities	20.86B	28.04B	39.04B	219.72B	4.48B	548.22B	1.03T	2.85T	7.04T	5.41T
Total Debt+	4.9B	11.91B	16.01B	121.86B	2.48B	316.94B	556.43B	1.55T	4.83T	3.09T
Net Debt	4.03B	7.96B	9.49B	111.26B	2.05B	288.97B	517.76B	1.43T	4.48T	2.77T
Long-Term Debt	1.45B	8.65B	14.63B	91.18B	1.95B	239.37B	393.58B	1.04T	3.41T	1.81T
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	3.67B	15.55B	36.85B	89.99B	193.04B	212.98B
Total Current Liabilities+	16.91B	16.51B	18.62B	82.22B	1.44B	160.07B	322.54B	897.82B	2.41T	1.96T
Accounts Payable	9.35B	3.03B	5.74B	35.16B	533.85M	59.41B	95.9B	277.95B	777.1B	444.69B
Accrued Expenses	112M	1.27B	1.68B	0	136.29M	0	0	0	0	0
Deferred Revenue	477M	439M	147M	1.7B	14.7M	2.29B	5.44B	3.97B	21.08B	26.23B
Other Current Liabilities	148M	4.64B	7.55B	1.96B	282.7M	4.65B	5.27B	28.49B	30.96B	30.54B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	1.48B	1.86B	1.61B	8.14B	147.58M	17.38B	25.07B	51.5B	81.14B	90.14B
Total Equity+	17.61B	19.88B	55.03B	352.15B	5.18B	586.94B	1.07T	2.53T	4.89T	5.53T
Equity Growth %	0.19%	0.13%	1.77%	5.4%	-0.99%	112.42%	0.82%	1.36%	0.93%	0.13%
Shareholders Equity	17.19B	19.34B	54.18B	347.19B	5.1B	577.28B	1.05T	2.48T	4.72T	5.43T
Minority Interest	416M	542M	846M	4.96B	79.64M	9.66B	16.7B	50.48B	168.88B	109.78B
Common Stock	3.62B	3.62B	1.2B	2.15B	35.98M	2.15B	2.15B	2.15B	2.15B	2.15B
Additional Paid-in Capital	0	0	0	195.9B	1.12B	381.81B	709.28B	2.12T	2.75T	2.58T
Retained Earnings	3.4B	3.98B	41.15B	41.41B	3.17B	-8.7B	16.74B	-647.21B	-561.24B	1.01T
Accumulated OCI	10.58B	12.15B	8.23B	43.23B	774.71M	62.42B	52.28B	151.21B	659.32B	-41.58B
Return on Assets (ROA)	0.11%	0.24%	0.21%	0.03%	-0.03%	-0.03%	0.01%	-0.38%	-0.03%	0.09%
Return on Equity (ROE)	0.21%	0.56%	0.4%	0.05%	-0.05%	-0.06%	0.01%	-0.78%	-0.07%	0.19%
Debt / Equity	0.28x	0.60x	0.29x	0.35x	0.48x	0.54x	0.52x	0.61x	0.99x	0.56x
Debt / Assets	0.13%	0.25%	0.17%	0.21%	0.26%	0.28%	0.26%	0.29%	0.4%	0.28%
Net Debt / EBITDA	0.38x	0.39x	0.26x	0.98x	0.01x	0.96x	0.65x	-	7.74x	2.38x
Book Value per Share	90.85	102.55	151.94	817.55	12.01	1.36K	2.49K	5.87K	11.35K	12.85K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	6.81B	25.98B	35.1B	70.38B	168.36B	293.88B	788.8B	1.45T	1.35T	811.5B
Operating CF Growth %	0.19%	2.81%	0.35%	1.01%	1.39%	0.75%	1.68%	0.84%	-0.07%	-0.4%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	3.44B	10.55B	15.17B	11.59B	-4.4B	-15.01B	60.29B	-640.38B	-257.73B	1.03T
Depreciation & Amortization	4.45B	7.88B	15.08B	69.16B	120.67B	241.74B	814.48B	775.98B	704.15B	1.31T
Deferred Taxes	1.69B	6.01B	8.49B	-5.94B	29.12B	24.26B	202.1B	-8.98B	-341.16B	409.15B
Other Non-Cash Items	-15M	2.7B	280M	30.97B	38.03B	62.25B	-289.72B	1.3T	1.06T	-1.76T
Working Capital Changes	-2.75B	-1.16B	-3.92B	-35.4B	-15.06B	-19.36B	1.63B	27.39B	184.05B	-186.75B
Capital Expenditures+	-8.71B	-19.43B	-30.65B	-70.72B	-101.04B	-240.42B	-698.31B	-1.12T	-1.24T	-394.21B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-9.65B	-23.92B	-26.05B	-47.28B	-91.91B	-240.42B	-698.31B	-1.12T	-1.24T	-383.42B
Acquisitions	39M	-3.72B	554M	8.24B	-61M	0	0	-2.76B	-4.92B	-10.66B
Purchase of Investments	-976M	-833M	-2.63B	-244M	-61M	-80.98B	-238.9B	-136.88B	-127.81B	0
Sale of Investments	0	0	1000K	1000K	1000K	0	0	0	0	1000K
Other Investing	-3.57B	33M	1.64B	-5.71B	-2.63B	392M	2.37B	-603.75B	-644.13B	-361.53B
Cash from Financing+	2.95B	-2.21B	-6.55B	-30.34B	-51.58B	-105.3B	-123.12B	-310.58B	-209.4B	-405.62B
Dividends Paid	-849M	-3B	-4.01B	-71.25B	-35.53B	-1.08B	-744M	-1.23B	0	0
Dividend Payout Ratio %	0.25%	0.29%	0.27%	6.43%	-	-	0.09%	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K
Stock Issued	0	0	0	0	0	0	0	0	-2.5B	0
Share Repurchases	0	0	0	0	-125M	0	-59M	0	-2.26B	0
Other Financing	-471M	-1.83B	-1.99B	-7.8B	-53.7B	-61.31B	-166.74B	-320.48B	-320.07B	-362.46B
Net Change in Cash+	186M	775M	2.58B	783M	30.78B	-47.92B	-49.23B	9.4B	76.32B	-29.61B
Exchange Rate Effect	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Cash at Beginning	684M	4.07B	7.45B	13.65B	21.78B	102.4B	169.64B	120.41B	124.72B	347.93B
Cash at End	870M	4.84B	10.03B	14.43B	52.57B	54.47B	120.41B	271.61B	159.77B	318.32B
Free Cash Flow+	-1.9B	6.56B	4.45B	-339M	63.98B	53.47B	90.49B	326.57B	104.76B	417.29B
FCF Growth %	0.44%	4.45%	-0.32%	-1.08%	189.72%	-0.16%	0.69%	2.61%	-0.68%	2.98%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.02%	55.79%	39.97%	5.45%	-5.06%	-5.68%	1.05%	-78.27%	-6.95%	19.42%
EBITDA Margin	26.34%	33.44%	36.18%	32.3%	31.44%	33.99%	30.9%	-6.27%	28.12%	28.18%
Net Debt / EBITDA	0.38x	0.39x	0.26x	0.98x	0.01x	0.96x	0.65x	-	7.74x	2.38x
Interest Coverage	8.23x	7.01x	13.51x	4.90x	3.05x	1.28x	-0.16x	-16.26x	-0.87x	-0.92x
CapEx / Revenue	12.71%	32.12%	28.68%	18.36%	20.74%	27.11%	27.06%	22.75%	60.24%	8.41%
Dividend Payout Ratio	24.95%	28.74%	26.82%	642.57%	-	-	8.59%	-	-	-
Debt / Equity	0.28x	0.60x	0.29x	0.35x	0.48x	0.54x	0.52x	0.61x	0.99x	0.56x
EPS Growth	-7.39%	16.81%	2.68%	-41.57%	-182.93%	-282.35%	151.54%	-16378.61%	60.18%	280.38%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
Fixed Telephony and Data services	-	-	-	-	687M	1.94B	-	-
Fixed Telephony and Data services Growth	-	-	-	-	-	181.95%	-	-
Fixed Telephony And Data Services	-	-	262M	691M	-	-	-	-
Fixed Telephony And Data Services Growth	-	-	-	163.74%	-	-	-	-
Ifrs Equipment	-	588M	-	-	-	-	-	-
Ifrs Equipment Growth	-	-	-	-	-	-	-	-
Services	-	-483M	-	-	-	-	-	-
Services Growth	-	-	-	-	-	-	-	-
Fixed Telecommunication Services And Products	614M	-	-	-	-	-	-	-
Fixed Telecommunication Services And Products Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
Argentina	-	-	-	-	-	680.37B	1.92T	3.83T
Argentina Growth	-	-	-	-	-	-	182.37%	99.33%
Foreign Countries	-	9.82B	15.96B	20.97B	-	48.81B	137.95B	308.12B
Foreign Countries Growth	-	-	62.45%	31.39%	-	-	182.62%	123.35%
Argentinas	-	-	-	-	394.78B	-	-	-
Argentinas Growth	-	-	-	-	-	-	-	-
Abroad	-	-	-	-	30.71B	-	-	-
Abroad Growth	-	-	-	-	-	-	-	-
Country Of Domicile	-	158.22B	221.06B	280.63B	-	-	-	-
Country Of Domicile Growth	-	-	39.72%	26.94%	-	-	-	-

Frequently Asked Questions

Valuation & Price

Telecom Argentina S.A. (TEO) has a price-to-earnings (P/E) ratio of 0.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Telecom Argentina S.A. (TEO) reported $5.54T in revenue for fiscal year 2024. This represents a 29868% increase from $18.50B in 2011.

Telecom Argentina S.A. (TEO) grew revenue by 100.9% over the past year. This is strong growth.

Telecom Argentina S.A. (TEO) reported a net loss of $31.74B for fiscal year 2024.

Dividend & Returns

Telecom Argentina S.A. (TEO) has a return on equity (ROE) of 19.4%. This is reasonable for most industries.

Telecom Argentina S.A. (TEO) had negative free cash flow of $410.15B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Telecom Argentina S.A. (TEO) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

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