Telecom Egypt (ETEL) has just released its financial earnings for the first nine months of 2023, revealing an increase in net income. The company reported a growth of 48%, with net income reaching EGP 9.1 billion compared to EGP 6.1 billion during the same period last year driven by the positive operational results and 67% higher investment income that reached EGP 3.4bn. The earnings per share (EPS) also showed a positive trend, standing at EGP 5.36 per share, up from EGP 3.61 per share in the previous year. (source: Company Disclosure)
The year-to-date (YTD) performance of ETEL record a +60% increase as of the closing price on the 13th of November 2023, standing at EGP 38.20/share. The shares are currently trading at a Price-to-Earnings (P/E) ratio (TTM) of 5.56. ( P/E Source Reuters)
*Graph represent ETEL and EGX30 Performance for 1year
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As per Investing.com-Pro edition's fair value estimates for ETEL:
Investing 12 Models Average: EGP 46.39/share
The highest range is represented by the 5 Years DCF (Discounted Cash Flow) Model at EGP 64.03/share
The lowest range is represented by the P/E Multiples model at EGP 35.54/share
Attached Earnings release:
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