Telecom Argentina S.A.
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
-0.020.12N/A
Price/Sales ratio
0.000.000.00
Earnings per Share (EPS)
$-311.83$77.40N/A

Historical Multiples (2010 – 2023)

2010 2011 2012 2013 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
236.80151.38101.546.86N/A-14.134.29-0.64-48.3079.7239.86
Price/Sales ratio
31.2520.5012.320.80N/A0.260.080.186.041.930.96
Price/Book Value ratio
71.5547.4227.371.860.950.410.210.165.745.761.41
Price/Cash Flow ratio
107.9670.5054.213.08N/A0.800.280.6220.1534.9217.46
Price/Free Cash Flow ratio
242.18164.19160.097.47N/A1.770.681.4580.7324.4812.24
Price/Earnings Growth ratio
8.064.589.260.34N/AN/A-0.020.000.52-0.00N/A
Dividend Yield
0.22%0.24%0.30%4.46%N/A0.45%N/AN/A0.03%0.00%0.22%
Profitability Indicator Ratios
Gross Profit Margin
82.37%82.96%73.50%70.02%N/A74.94%73.06%73.77%73.44%73.29%37.47%
Operating Profit Margin
23.11%22.24%17.93%16.55%N/A6.72%-0.65%-40.44%-6.07%-4.73%3.36%
Pretax Profit Margin
20.63%21.22%18.96%18.49%N/A1.04%10.16%-31.83%-28.55%13.10%6.55%
Net Profit Margin
13.20%13.54%12.13%11.73%N/A-1.89%2.03%-28.50%-12.51%10.45%5.22%
Effective Tax Rate
35.57%35.43%34.87%35.51%N/A262.18%77.02%11.41%57.53%16.47%131.09%
Return on Assets
15.70%16.40%15.07%13.84%N/A-1.48%2.50%-12.02%-4.70%3.64%1.82%
Return On Equity
30.21%31.33%26.96%27.17%N/A-2.91%4.98%-26.09%-11.88%9.38%4.69%
Return on Capital Employed
43.36%42.11%33.25%32.08%-1.54%6.11%-0.95%-20.47%-2.86%-1.99%2.28%
Liquidity Ratios
Current Ratio
0.800.981.181.070.590.50N/AN/AN/A0.400.54
Quick Ratio
0.700.891.040.940.550.460.370.360.410.370.51
Cash ratio
0.300.510.530.570.290.170.110.130.140.100.23
Days of Sales Outstanding
44.4441.2339.7843.45N/A9.433.7125.3128.3132.5816.29
Days of Inventory outstanding
63.8461.9139.4334.44N/A9.223.1812.3021.0420.4310.21
Operating Cycle
108.29103.1479.2277.90N/A18.666.9037.6249.3653.0126.50
Days of Payables Outstanding
410.76393.53227.94263.53N/A97.6050.35170.39239.79151.1175.55
Cash Conversion Cycle
-302.47-290.38-148.72-185.62N/A-78.93-43.44-132.77-190.43-98.10-39.46
Debt Ratios
Debt Ratio
0.470.460.420.010.280.260.240.270.380.260.27
Debt Equity Ratio
0.900.890.760.010.530.520.490.580.980.510.53
Long-term Debt to Capitalization
0.010.010.010.010.270.290.270.290.410.240.28
Total Debt to Capitalization
0.020.010.010.010.340.340.330.370.490.340.34
Interest Coverage Ratio
18.4129.4738.9445.721.791.80N/AN/AN/A-1.061.79
Cash Flow to Debt Ratio
26.3640.8734.9230.37N/A0.971.510.450.280.310.48
Company Equity Multiplier
1.921.901.781.961.891.961.992.172.521.981.92
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.280.290.220.26N/A0.330.300.290.290.230.16
Free Cash Flow / Operating Cash Flow Ratio
0.440.420.330.41N/A0.450.410.420.240.330.22
Cash Flow Coverage Ratio
26.3640.8734.9230.37N/A0.971.510.450.280.310.48
Short Term Coverage Ratio
106.1317.41116.95475.93N/A4.736.261.591.090.822.36
Dividend Payout Ratio
54.41%36.41%30.91%30.63%N/A-6.42%N/AN/A-1.55%0.70%-3.21%