Investors Appear Satisfied With Vocento, S.A.'s (BME:VOC) Prospects As Shares Rocket 27%
May 07
Spanish (IBEX) Telecom Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies9
- 7D3.0%
- 3M10.5%
- 1Y-1.1%
- YTD6.6%
In the last week, the Telecom industry is up 3.0%, with Cellnex Telecom up 5.3%. In the same time, Vocento was down 8.4%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 54% annually.
Sector Valuation and Performance
Has the Spanish Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | €49.9b | €46.4b | -€971,406,347.00 | 14.9x | -51.4x | 1.1x |
| Tue, 16 Apr 2024 | €45.1b | €46.3b | -€1,247,792,214.00 | 13.7x | -36.1x | 1x |
| Thu, 14 Mar 2024 | €47.2b | €46.3b | -€1,246,855,629.00 | 16.6x | -37.9x | 1x |
| Sat, 10 Feb 2024 | €45.0b | €46.3b | €1.4b | 18.3x | 31.5x | 1x |
| Mon, 08 Jan 2024 | €47.7b | €47.1b | €1.6b | 13.3x | 29.8x | 1x |
| Wed, 06 Dec 2023 | €50.4b | €47.8b | €1.6b | 14.1x | 31.7x | 1.1x |
| Fri, 03 Nov 2023 | €43.6b | €47.7b | €1.5b | 13.7x | 29x | 0.9x |
| Sun, 01 Oct 2023 | €47.6b | €47.7b | €1.5b | 15.1x | 31.6x | 1x |
| Tue, 29 Aug 2023 | €48.2b | €47.7b | €1.5b | 15.3x | 32.1x | 1x |
| Thu, 27 Jul 2023 | €45.3b | €47.4b | €1.4b | 17.4x | 33x | 1x |
| Sat, 24 Jun 2023 | €48.6b | €47.4b | €1.4b | 17.9x | 35.3x | 1x |
| Mon, 22 May 2023 | €51.6b | €47.4b | €1.4b | 22.8x | 37.4x | 1.1x |
| Wed, 19 Apr 2023 | €52.8b | €46.6b | €1.8b | 20.1x | 29.3x | 1.1x |
| Fri, 17 Mar 2023 | €48.5b | €46.5b | €1.8b | 22.9x | 26.9x | 1x |
| Sun, 12 Feb 2023 | €48.9b | €46.0b | -€124,163,591.00 | 36.8x | -394x | 1.1x |
| Tue, 10 Jan 2023 | €45.9b | €46.0b | -€119,036,255.00 | 31.7x | -385.5x | 1x |
| Thu, 08 Dec 2022 | €45.7b | €46.0b | -€119,771,256.00 | 37.9x | -381.9x | 1x |
| Sat, 05 Nov 2022 | €45.0b | €44.6b | €137.4m | 33.5x | 327.5x | 1x |
| Mon, 03 Oct 2022 | €42.5b | €44.5b | €136.4m | 26.3x | 311.5x | 1x |
| Wed, 31 Aug 2022 | €52.2b | €44.5b | €136.4m | 27.7x | 382.5x | 1.2x |
| Fri, 29 Jul 2022 | €56.7b | €44.6b | €7.6b | 6.3x | 7.4x | 1.3x |
| Sun, 26 Jun 2022 | €56.5b | €44.5b | €7.6b | 15.7x | 7.4x | 1.3x |
| Tue, 24 May 2022 | €57.3b | €44.2b | €7.6b | 16.4x | 7.5x | 1.3x |
| Thu, 21 Apr 2022 | €61.4b | €44.8b | €7.9b | 20.3x | 7.8x | 1.4x |
| Sat, 19 Mar 2022 | €56.4b | €44.8b | €7.9b | 20.4x | 7.2x | 1.3x |
| Mon, 14 Feb 2022 | €54.9b | €44.9b | €10.1b | 38.3x | 5.4x | 1.2x |
| Wed, 12 Jan 2022 | €54.5b | €44.9b | €10.1b | 45.3x | 5.4x | 1.2x |
| Fri, 10 Dec 2021 | €59.4b | €44.9b | €10.1b | 57.8x | 5.9x | 1.3x |
| Sun, 07 Nov 2021 | €62.0b | €45.6b | €10.1b | 55.9x | 6.1x | 1.4x |
| Tue, 05 Oct 2021 | €64.6b | €47.4b | €9.3b | 60.3x | 7x | 1.4x |
| Thu, 02 Sep 2021 | €66.5b | €46.7b | €9.2b | 59.6x | 7.2x | 1.4x |
| Sat, 31 Jul 2021 | €62.3b | €46.7b | €9.2b | 59.6x | 6.7x | 1.3x |
Price to Earnings Ratio
31.6x
Current Industry PE
- Investors are relatively neutral on the Spanish Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- Total earnings for the Communication Services industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Spanish Telecom sector?
| ES Market | 1.94% | |
| Telecom | 2.97% | |
| Telecom Services and Carriers | 3.05% | |
| Entertainment | 2.56% | |
| Media | 0.68% | |
| Interactive Media and Services | 0% | |
| Wireless Telecom | 0% | |
Industry PE
- Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 45.0x.
- Analysts are expecting annual earnings growth of 16.1%, which is lower than the prior year's growth of 297.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 55% over the next 5 years.
- In contrast, the Media industry is expected to see its earnings decline by 3.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CLNX Cellnex Telecom | €35.26 | 5.3% +€1.3b | -7.7% | PS6.4x | |
| TEF Telefónica | €4.14 | 0.7% +€169.2m | 5.5% | PS0.6x | |
| A3M Atresmedia Corporación de Medios de Comunicación | €4.94 | 1.8% +€19.1m | 36.9% | PE6.5x | |
| PRS Promotora de Informaciones | €0.36 | 1.7% +€6.0m | -7.1% | PS0.4x | |
| SQRL Squirrel Media | €1.60 | 2.6% +€3.6m | -32.8% | PE10.1x |
