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Iliad

DB:IL2
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IL2
DB
€9B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Iliad SA provides retail telecommunication services in France. The last earnings update was 10 days ago. More info.


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IL2 Share Price and Events
7 Day Returns
3%
DB:IL2
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
42.8%
DB:IL2
-22.7%
DE Telecom
-14.1%
DE Market
IL2 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Iliad (IL2) 3% -2.6% 9.6% 42.8% -39.4% -41.6%
DE Telecom 3.7% -22.8% -18.2% -22.7% -31.2% -35.3%
DE Market 14.8% -20% -23.5% -14.1% -22.8% -26.7%
1 Year Return vs Industry and Market
  • IL2 outperformed the Telecom industry which returned -22.7% over the past year.
  • IL2 outperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
IL2
Industry
5yr Volatility vs Market

Value

 Is Iliad undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Iliad to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Iliad.

DB:IL2 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 21 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:IL2
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.359 (1 + (1- 33%) (90.14%))
0.716
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 6.07%)
4.47%

Discounted Cash Flow Calculation for DB:IL2 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Iliad is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:IL2 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 4.47%)
2020 -315.70 Analyst x6 -302.20
2021 -60.12 Analyst x7 -55.09
2022 168.20 Analyst x5 147.54
2023 391.00 Analyst x2 328.30
2024 504.50 Analyst x2 405.50
2025 586.09 Est @ 16.17% 450.94
2026 651.76 Est @ 11.2% 480.02
2027 702.11 Est @ 7.73% 495.00
2028 739.26 Est @ 5.29% 498.91
2029 765.78 Est @ 3.59% 494.71
Present value of next 10 years cash flows €2,943.00
DB:IL2 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €765.78 × (1 + -0.39%) ÷ (4.47% – -0.39%)
€15,708.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €15,708.17 ÷ (1 + 4.47%)10
€10,147.90
DB:IL2 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,943.00 + €10,147.90
€13,090.90
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €13,090.90 / 70.07
€186.82
DB:IL2 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IL2 represents 0.99961x of ENXTPA:ILD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99961x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 186.82 x 0.99961
€186.75
Value per share (EUR) From above. €186.75
Current discount Discount to share price of €126.75
= -1 x (€126.75 - €186.75) / €186.75
32.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Iliad is available for.
Intrinsic value
32%
Share price is €126.75 vs Future cash flow value of €186.75
Current Discount Checks
For Iliad to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Iliad's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Iliad's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Iliad's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Iliad's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IL2 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €29.59
ENXTPA:ILD Share Price ** ENXTPA (2020-03-27) in EUR €126.8
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 17.13x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.62x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Iliad.

DB:IL2 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ENXTPA:ILD Share Price ÷ EPS (both in EUR)

= 126.8 ÷ 29.59

4.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iliad is good value based on earnings compared to the Europe Telecom industry average.
  • Iliad is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Iliad's expected growth come at a high price?
Raw Data
DB:IL2 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
-32.3%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.35x
Germany Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

DB:IL2 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.29x ÷ -32.3%

-0.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iliad earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Iliad's assets?
Raw Data
DB:IL2 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €89.43
ENXTPA:ILD Share Price * ENXTPA (2020-03-27) in EUR €126.8
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.43x
DB:IL2 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ILD Share Price ÷ Book Value per Share (both in EUR)

= 126.8 ÷ 89.43

1.42x

* Primary Listing of Iliad.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Iliad is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Iliad's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Iliad has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Iliad expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-32.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Iliad expected to grow at an attractive rate?
  • Iliad's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Iliad's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Iliad's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IL2 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IL2 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts -32.3%
DB:IL2 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 4.4%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:IL2 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IL2 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 6,561 529 2
2023-12-31 6,327 473 2
2022-12-31 6,167 2,489 426 6
2021-12-31 5,907 1,833 328 19
2020-12-31 5,616 1,682 247 21
2020-03-27
DB:IL2 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 5,332 1,740 1,719
2019-09-30 5,213 1,738 949
2019-06-30 5,094 1,736 179
2019-03-31 4,993 1,577 251
2018-12-31 4,891 1,418 323
2018-09-30 4,877 1,329 348
2018-06-30 4,863 1,240 372
2018-03-31 4,862 1,284 385
2017-12-31 4,860 1,328 398
2017-09-30 4,843 1,361 418
2017-06-30 4,826 1,394 439
2017-03-31 4,774 1,392 420

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Iliad's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Iliad's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:IL2 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Iliad Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IL2 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 9.00 10.29 7.70 2.00
2023-12-31 8.03 8.76 7.30 2.00
2022-12-31 6.61 6.62 6.60 2.00
2021-12-31 5.57 6.58 4.34 11.00
2020-12-31 4.69 5.50 3.99 9.00
2020-03-27
DB:IL2 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 29.59
2019-09-30 16.32
2019-06-30 3.07
2019-03-31 4.30
2018-12-31 5.51
2018-09-30 5.91
2018-06-30 6.31
2018-03-31 6.54
2017-12-31 6.76
2017-09-30 7.12
2017-06-30 7.47
2017-03-31 7.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Iliad is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Iliad's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Iliad has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Iliad performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Iliad's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Iliad has delivered over 20% year on year earnings growth in the past 5 years.
  • Iliad's 1-year earnings growth exceeds its 5-year average (432.2% vs 22.2%)
  • Iliad's earnings growth has exceeded the Europe Telecom industry average in the past year (432.2% vs 10.4%).
Earnings and Revenue History
Iliad's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Iliad Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IL2 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,332.00 1,719.00 553.00
2019-09-30 5,213.00 949.00 576.00
2019-06-30 5,094.00 179.00 585.00
2019-03-31 4,992.50 251.00 582.00
2018-12-31 4,891.00 323.00 593.00
2018-09-30 4,877.00 347.50 538.50
2018-06-30 4,863.00 372.00 484.00
2018-03-31 4,861.50 385.00 450.50
2017-12-31 4,860.00 398.00 417.00
2017-09-30 4,843.06 418.41 396.71
2017-06-30 4,826.13 438.81 376.43
2017-03-31 4,774.10 419.95 359.25
2016-12-31 4,722.06 401.08 342.07
2016-09-30 4,636.77 381.22 327.79
2016-06-30 4,551.47 361.35 313.51
2016-03-31 4,482.95 348.13 301.00
2015-12-31 4,414.42 334.91 288.50
2015-09-30 4,361.18 320.22 280.86
2015-06-30 4,307.95 305.53 273.23
2015-03-31 4,237.78 294.15 261.48
2014-12-31 4,167.61 282.77 249.74
2014-09-30 4,052.82 274.00 238.91
2014-06-30 3,938.04 265.23 228.08
2014-03-31 3,842.95 267.26 223.00
2013-12-31 3,747.86 269.28 217.92
2013-09-30 3,643.09 260.60 213.00
2013-06-30 3,538.33 251.92 208.07
2013-03-31 3,345.82 220.64 205.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Iliad has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Iliad used its assets more efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • Iliad's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Iliad's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Iliad has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Iliad's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Iliad's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Iliad's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Iliad's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Iliad's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Iliad Company Filings, last reported 2 months ago.

DB:IL2 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,231.00 5,203.00 1,593.00
2019-09-30 5,231.00 5,203.00 1,593.00
2019-06-30 3,599.00 5,063.00 453.00
2019-03-31 3,599.00 5,063.00 453.00
2018-12-31 3,606.00 4,103.00 181.00
2018-09-30 3,606.00 4,103.00 181.00
2018-06-30 3,445.00 4,154.00 897.00
2018-03-31 3,445.00 4,154.00 897.00
2017-12-31 3,374.00 2,614.00 216.00
2017-09-30 3,374.00 2,614.00 216.00
2017-06-30 3,198.31 1,922.97 153.73
2017-03-31 3,198.31 1,922.97 153.73
2016-12-31 3,001.78 1,821.63 238.54
2016-09-30 3,001.78 1,821.63 238.54
2016-06-30 2,793.06 1,732.31 329.36
2016-03-31 2,793.06 1,732.31 329.36
2015-12-31 2,637.20 1,829.74 720.07
2015-09-30 2,637.20 1,829.74 720.07
2015-06-30 2,454.15 1,324.46 165.06
2015-03-31 2,454.15 1,324.46 165.06
2014-12-31 2,315.23 1,131.44 137.40
2014-09-30 2,315.23 1,131.44 137.40
2014-06-30 2,158.69 1,164.55 231.82
2014-03-31 2,158.69 1,164.55 231.82
2013-12-31 2,013.60 1,239.49 318.05
2013-09-30 2,013.60 1,239.49 318.05
2013-06-30 1,874.01 1,353.28 317.89
2013-03-31 1,874.01 1,353.28 317.89
  • Iliad's level of debt (99.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (48.9% vs 99.5% today).
  • Debt is well covered by operating cash flow (33.4%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Iliad's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Iliad has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Iliad's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.05%
Current annual income from Iliad dividends. Estimated to be 1.77% next year.
If you bought €2,000 of Iliad shares you are expected to receive €41 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Iliad's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.66%).
  • Iliad's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Iliad before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:IL2 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:IL2 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.60 2.00
2023-12-31 2.60 2.00
2022-12-31 2.62 5.00
2021-12-31 2.17 19.00
2020-12-31 2.14 20.00
2020-03-27
DB:IL2 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-17 2.600 2.150
2019-03-19 0.900 0.889
2018-04-27 0.680 0.585
2017-03-07 0.440 0.213
2016-03-10 0.410 0.220
2015-03-12 0.390 0.187
2014-03-10 0.370 0.188
2013-04-09 0.370 0.217
2013-03-19 0.370 0.229
2012-03-08 0.370 0.312
2011-04-19 0.400 0.452
2011-03-09 0.400 0.478
2010-03-23 0.370 0.495
2009-08-28 0.340 0.434

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Iliad's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (11.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Iliad's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Iliad afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Iliad has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Iliad's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Thomas Reynaud
COMPENSATION €2,188,752
AGE 45
TENURE AS CEO 1.8 years
CEO Bio

Mr. Thomas Reynaud has been the Chief Executive Officer of Iliad SA since May 21, 2018. Mr. Reynaud has been Senior Vice-President of Iliad SA since 2010 and served as its Head of Business Development since 2007. Prior to joining Iliad, Mr. Reynaud was a Managing Director in Equity Capital Markets at Société Générale, responsible for the Telecoms, Media and Technology sector. He started his career at Société Générale, worked in both the Paris and New York offices, leading numerous transactions in connection with IPOs, privatisations and equity and debt offerings. He has acted as an advisor to the Iliad Group since 2003, notably for the Group’s IPO in 2004 and convertible bond issue in 2006. He has been a Director of Iliad SA since May 29, 2008. He serves as Director of Tomato-n-co. and the Mozaik Foundation. Mr. Reynaud is a graduate of HEC business school and New York University.

CEO Compensation
  • Thomas's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Thomas's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Iliad management team in years:

2.2
Average Tenure
45
Average Age
  • The tenure for the Iliad management team is about average.
Management Team

Thomas Reynaud

TITLE
CEO & Director
COMPENSATION
€2M
AGE
45
TENURE
1.8 yrs

Xavier Niel

TITLE
Founder
COMPENSATION
€189K
AGE
52

Antoine Levavasseur

TITLE
Deputy CEO
COMPENSATION
€2M
AGE
42
TENURE
12.8 yrs

Rani Assaf

TITLE
Deputy CEO & Senior VP
COMPENSATION
€2M
AGE
44

Cyril Poidatz

TITLE
Corporate Secretary & Director
COMPENSATION
€179K
AGE
57

Nicolas Jaeger

TITLE
Chief Financial Officer

Serge Ferreira

TITLE
Chief Legal Officer

Camille Perrin

TITLE
Chief Marketing Officer

Aude Mercier

TITLE
Chief Human Resources Officer

Benedetto Levi

TITLE
Chief Executive Officer of Italian Mobile Operations
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the Iliad board of directors in years:

11.8
Average Tenure
52
Average Age
  • The average tenure for the Iliad board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Maxime Lombardini

TITLE
Chairman of the Board of Directors
COMPENSATION
€2M
AGE
54
TENURE
1.8 yrs

Thomas Reynaud

TITLE
CEO & Director
COMPENSATION
€2M
AGE
45
TENURE
11.8 yrs

Xavier Niel

TITLE
Founder
COMPENSATION
€189K
AGE
52
TENURE
15.7 yrs

Antoine Levavasseur

TITLE
Deputy CEO
COMPENSATION
€2M
AGE
42
TENURE
14.8 yrs

Cyril Poidatz

TITLE
Corporate Secretary & Director
COMPENSATION
€179K
AGE
57
TENURE
16.3 yrs

Marie-Christine Levet

TITLE
Independent Director
COMPENSATION
€30K
AGE
52
TENURE
11.8 yrs

Corinne Vigreux

TITLE
Independent Director
COMPENSATION
€30K
AGE
55
TENURE
3.8 yrs

Pierre Pringuet

TITLE
Independent Director
COMPENSATION
€30K
AGE
69
TENURE
12.7 yrs

Orla Noonan

TITLE
Independent Director
COMPENSATION
€30K
AGE
49
TENURE
10.8 yrs

Virginie Calmels

TITLE
Independent Director
COMPENSATION
€30K
AGE
48
TENURE
10.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Iliad's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Iliad has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Iliad SA provides retail telecommunication services in France. It offers its subscribers the Internet access solutions under the Free and Alice brands; telephony services; television services with 600 channels; and value added services comprising catch-up TV and video on demand, and video games, as well as subscription to pay-TV packages and channels consisting of Canal+, beIN Sports, etc. The company also provides hosting services, including shared hosting services comprising Website hosting, and the purchase and resale of domain names; dedicated hosting services, including the dedicated servers to private individuals and SMEs; collocation services that consist of offering physical space in a data center, as well as the associated electrical capacity; and cloud computing services. In addition, it provides various mobile services, such as voice calls, texts/MMS, and 3G/4G mobile Internet services, as well as voice mail, caller display and usage monitoring; and sells mobile phones. As of December 31, 2017, the company had approximately 6.5 million broadband subscribers and 13.7 million mobile subscribers. Iliad SA was incorporated in 1987 and is headquartered in Paris, France.

Details
Name: Iliad SA
IL2
Exchange: DB
Founded: 1987
€8,885,188,181
70,072,462
Website: http://www.iliad.fr
Address: Iliad SA
16 rue de la Ville l’Evêque,
Paris,
Ile-de-France, 75008,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ILD Ordinary Shares Euronext Paris FR EUR 30. Jan 2004
OTCPK ILIA.F Ordinary Shares Pink Sheets LLC US USD 30. Jan 2004
DB IL2 Ordinary Shares Deutsche Boerse AG DE EUR 30. Jan 2004
LSE 0MGY Ordinary Shares London Stock Exchange GB EUR 30. Jan 2004
BATS-CHIXE ILDP Ordinary Shares BATS 'Chi-X Europe' GB EUR 30. Jan 2004
ETLX IL2 Ordinary Shares Eurotlx IT EUR 30. Jan 2004
OTCPK ILIA.Y UNSPONSORD ADR Pink Sheets LLC US USD 18. Mar 2013
Number of employees
Current staff
Staff numbers
11,083
Iliad employees.
Industry
Alternative Carriers
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 21:36
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/17
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.