Telecom Argentina S.A. (TEO) Financial Ratios
28 years of historical data (1998–2025) · Communication Services · Telecommunications Services
EV/EBITDA
↑
4.14
↑+37% vs avg
5yr avg: 3.03
30Y Low0.0·High7.7
P/FCF
↓
N/A
—
5yr avg: 0.02
30Y Low0.0·High12.4
P/B Ratio
↓
1.18
↑+110717% vs avg
5yr avg: 0.00
30Y Low0.0·High3.9
ROE
↓
-2.7%
↓+80% vs avg
5yr avg: -13.5%
30Y Low-274%·High108%
Debt/EBITDA
↑
1.48
↓-55% vs avg
5yr avg: 3.29
30Y Low0.0·High8.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TEO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Telecom Argentina S.A. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.6B | $5.0B | $5.4B | $3.1B | $2.3B | $2.2B | $2.8B | $4.9B | $6.7B | $13.3B | $3.5B |
| Enterprise Value | $8.2B | $3.85T | $2.78T | $4.49T | $1.43T | $520.0B | $291.8B | $6.9B | $118.0B | $22.8B | $11.5B |
| P/E Ratio → | -48.28 | — | 0.01 | — | — | 0.25 | — | — | 1.27 | 1.74 | 0.89 |
| P/S Ratio | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.13 | 0.06 |
| P/B Ratio | 1.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.94 | 0.02 | 0.24 | 0.18 |
| P/FCF | — | — | 0.01 | 0.03 | 0.01 | 0.02 | 0.05 | 0.08 | — | 2.98 | 0.54 |
| P/OCF | 3.76 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.03 | 0.10 | 0.38 | 0.14 |
P/E links to full P/E history page with 30-year chart
TEO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Telecom Argentina S.A.'s enterprise value stands at 4.1x EBITDA, 37% above its 5-year average of 3.0x. The Communication Services sector median is 9.7x, placing the stock at a 57% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.46 | 0.67 | 2.18 | 0.29 | 0.20 | 0.33 | 0.01 | 0.34 | 0.22 | 0.19 |
| EV / EBITDA | 4.14 | 1.32 | 2.38 | 7.75 | — | 0.65 | 0.97 | 0.05 | 1.04 | 0.61 | 0.57 |
| EV / EBIT | 13.99 | 13.37 | 1.73 | — | — | 1.42 | 5.23 | 0.16 | 8.01 | 0.90 | 0.63 |
| EV / FCF | — | — | 6.66 | 42.82 | 4.38 | 5.75 | 5.46 | 0.11 | — | 5.12 | 1.75 |
TEO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Telecom Argentina S.A. earns an operating margin of 10.3%, above the Communication Services sector average of 1.5%. Operating margins have expanded from -6.1% to 10.3% over the past 3 years, signaling improving operational efficiency. A negative ROE of -2.7% indicates the company is currently destroying shareholder equity. ROIC of 6.8% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.4% | 75.4% | 73.3% | 73.4% | 73.8% | 73.1% | 74.9% | 73.5% | 73.9% | 72.7% | 70.3% |
| Operating Margin | 10.3% | 10.3% | -3.5% | -6.1% | -40.4% | -0.7% | 6.7% | 6.7% | 12.6% | 21.5% | 20.4% |
| Net Profit Margin | -2.0% | -2.0% | 24.5% | -12.5% | -28.5% | 0.3% | -1.9% | -1.9% | 3.2% | 14.6% | 17.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.7% | -2.7% | 19.4% | -6.9% | -78.3% | 1.0% | -5.7% | -5.1% | 5.4% | 40.0% | 55.8% |
| ROA | -1.2% | -1.2% | 8.9% | -3.0% | -37.7% | 0.5% | -2.9% | -3.1% | 3.3% | 21.1% | 24.2% |
| ROIC | 6.8% | 6.8% | -1.2% | -1.4% | -54.1% | -1.0% | 10.1% | 10.3% | 12.6% | 35.7% | 37.3% |
| ROCE | 7.9% | 7.9% | -1.6% | -1.8% | -63.8% | -1.2% | 12.1% | 13.0% | 15.8% | 41.2% | 46.5% |
TEO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Telecom Argentina S.A. carries a Debt/EBITDA ratio of 1.5x, which is manageable (60% below the sector average of 3.7x). Net debt stands at $3.8T ($4.3T total debt minus $468.9B cash). Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.62 | 0.62 | 0.56 | 0.99 | 0.61 | 0.52 | 0.54 | 0.48 | 0.35 | 0.29 | 0.60 |
| Debt / EBITDA | 1.48 | 1.48 | 2.65 | 8.34 | — | 0.70 | 1.05 | 0.02 | 1.07 | 0.43 | 0.59 |
| Net Debt / Equity | — | 0.55 | 0.50 | 0.92 | 0.56 | 0.48 | 0.49 | 0.40 | 0.32 | 0.17 | 0.40 |
| Net Debt / EBITDA | 1.32 | 1.32 | 2.38 | 7.74 | — | 0.65 | 0.96 | 0.01 | 0.98 | 0.26 | 0.39 |
| Debt / FCF | — | — | 6.65 | 42.79 | 4.37 | 5.72 | 5.40 | 0.03 | — | 2.13 | 1.21 |
| Interest Coverage | 0.60 | 0.60 | 6246.21 | -2720.37 | -14519.27 | 3.54 | 1.20 | 196.28 | 1.62 | 15.52 | 10.42 |
TEO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.48x is below 1.0, meaning current liabilities exceed current assets — though the company's $468.9B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.48 | 0.48 | 0.39 | 0.44 | 0.39 | 0.39 | 0.50 | 0.59 | 0.63 | 0.57 | 0.94 |
| Quick Ratio | 0.45 | 0.45 | 0.35 | 0.41 | 0.37 | 0.37 | 0.47 | 0.55 | 0.58 | 0.56 | 0.87 |
| Cash Ratio | 0.21 | 0.21 | 0.18 | 0.26 | 0.17 | 0.19 | 0.22 | 0.30 | 0.15 | 0.36 | 0.34 |
| Asset Turnover | — | 0.50 | 0.38 | 0.17 | 0.92 | 1.23 | 0.78 | 50.44 | 0.62 | 1.09 | 1.26 |
| Inventory Turnover | 23.29 | 23.29 | 18.28 | 7.96 | 64.57 | 114.57 | 39.55 | 2409.66 | 21.84 | 205.57 | 14.03 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TEO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Telecom Argentina S.A. returns 0.5% to shareholders annually — split between a 0.3% dividend yield and 0.2% buyback yield.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 100.0% | — | — | 52.4% | 33.9% | 38.2% | 100.0% | 100.0% | 30.3% | 85.3% |
| Payout Ratio | — | — | — | — | — | 8.6% | — | — | 642.6% | 26.8% | 28.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 18668.8% | — | — | 394.1% | — | — | 79.0% | 57.5% | 112.8% |
| FCF Yield | — | — | 7694.8% | 3401.6% | 13911.5% | 4119.2% | 1892.1% | 1308.6% | — | 33.5% | 186.1% |
| Buyback Yield | 0.2% | 100.0% | 0.0% | 73.3% | 0.0% | 2.7% | 0.0% | 2.6% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.5% | 100.0% | 0.0% | 73.3% | 52.4% | 36.6% | 38.2% | 100.0% | 100.0% | 30.3% | 85.3% |
| Shares Outstanding | — | $431M | $431M | $431M | $431M | $431M | $431M | $431M | $431M | $362M | $194M |
Peer Comparison
Compare TEO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TEOYou | $6B | -48.3 | 4.1 | — | 75.4% | 10.3% | -2.7% | 6.8% | 1.5 |
 TKC | $5B | 12.6 | 93.0 | 10.4 | 28.7% | 17.0% | 0.5% | 0.7% | 1.4 |
 VIV | $21B | 18.0 | 5.6 | 9.9 | 40.4% | 15.2% | 8.7% | 7.6% | 1.3 |
 PHI | $4B | 7.7 | 5.0 | 9.9 | 59.6% | 24.9% | 25.1% | 9.1% | 3.1 |
 T | $159B | 7.5 | 7.0 | 8.2 | 79.8% | 19.2% | 17.6% | 6.7% | 3.9 |
 VZ | $195B | 11.5 | 7.9 | 9.7 | 45.6% | 21.2% | 16.6% | 8.0% | 4.2 |
 TMUS | $200B | 19.0 | 9.8 | 19.3 | 47.6% | 21.2% | 18.2% | 8.1% | 3.8 |
 LILA | $2B | -1.9 | 6.7 | 5.7 | 67.5% | 16.2% | -45.5% | 5.6% | 5.7 |
 AMX | $78B | 17.5 | 6.3 | 11.2 | 42.9% | 21.0% | 18.1% | 11.2% | 2.6 |
 CABO | $248M | -0.7 | 4.5 | 0.9 | 51.3% | 26.5% | -22.1% | 6.1% | 4.3 |
 ERIC | $38B | 13.8 | 9.7 | 12.8 | 48.1% | 13.8% | 26.3% | 22.3% | 1.2 |
| Communication Services Median | — | 15.1 | 9.7 | 11.0 | 48.8% | 1.5% | 1.5% | 2.6% | 3.7 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
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TEO — Frequently Asked Questions
Quick answers to the most common questions about buying TEO stock.
What is Telecom Argentina S.A.'s P/E ratio?
Telecom Argentina S.A.'s current P/E ratio is -48.3x. The historical average is 5.0x.
What is Telecom Argentina S.A.'s EV/EBITDA?
Telecom Argentina S.A.'s current EV/EBITDA is 4.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 2.6x.
What is Telecom Argentina S.A.'s ROE?
Telecom Argentina S.A.'s return on equity (ROE) is -2.7%. The historical average is 4.7%.
Is TEO stock overvalued?
Based on historical data, Telecom Argentina S.A. is trading at a P/E of -48.3x. Compare with industry peers and growth rates for a complete picture.
What is Telecom Argentina S.A.'s dividend yield?
Telecom Argentina S.A.'s current dividend yield is 0.29%.
What are Telecom Argentina S.A.'s profit margins?
Telecom Argentina S.A. has 75.4% gross margin and 10.3% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Telecom Argentina S.A. have?
Telecom Argentina S.A.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.