Deutsche Telekom Mid-Single-Digit EBITDAaL Growth Continues While Shares Remain Undervalued
Germany and the US are the only two markets that matter for Deutsche Telekom, as combined they represent more than 90% of the company's EBITDA after leases.
Germany and the US are the only two markets that matter for Deutsche Telekom, as combined they represent more than 90% of the company's EBITDA after leases.
The US is a structurally better market than most European countries, allowing for larger scale, network efficiencies, and pricing power.
The core 2.5 GHz spectrum T-Mobile US is using is composed of many small regional licenses that are leased from educational institutions. Other firms have been trying to acquire some of this spectrum.
|
Metric
|
DTEGY
|
VZ
|
T
|
|---|---|---|---|
Price/Earnings (Normalized) | 12.51 | 9.42 | 10.66 |
Price/Book Value | 2.03 | 1.85 | 1.51 |
Price/Sales | 1.01 | 1.39 | 1.35 |
Price/Cash Flow | 2.85 | 4.70 | 4.45 |
|
Metric
|
DTEGY
|
VZ
|
T
|
|---|---|---|---|
Quick Ratio | 0.79 | 0.50 | 0.49 |
Current Ratio | 1.03 | 0.64 | 0.97 |
Interest Coverage | 3.55 | 3.89 | 4.64 |
|
Metric
|
DTEGY
|
VZ
|
T
|
|---|---|---|---|
Return on Assets (Normalized) | 3.53% | 4.06% | 4.36% |
Return on Equity (Normalized) | 16.67% | 15.75% | 16.75% |
Return on Invested Capital (Normalized) | 6.11% | 7.53% | 8.68% |
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1-Day Chart
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Price
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