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NOS S.G.P.S

DB:PMV
Snowflake Description

Good value with acceptable track record.

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

NOS, S.G.P.S., S.A. offers integrated telecommunications services worldwide. The last earnings update was 35 days ago. More info.


Add to Portfolio Compare Print
  • NOS S.G.P.S has significant price volatility in the past 3 months.
PMV Share Price and Events
7 Day Returns
6.7%
DB:PMV
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
-45.5%
DB:PMV
-22.7%
DE Telecom
-14.1%
DE Market
PMV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NOS S.G.P.S (PMV) 6.7% -18.9% -36.3% -45.5% -38.7% -53.1%
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
  • PMV underperformed the Telecom industry which returned -22.7% over the past year.
  • PMV underperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
PMV
Industry
5yr Volatility vs Market
Related Companies

Value

 Is NOS S.G.P.S 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 NOS S.G.P.S 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 NOS S.G.P.S.

DB:PMV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
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:PMV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
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- 21%) (70.64%))
0.705
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 * 8.23%)
6.19%

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

The calculations below outline how an intrinsic value for NOS S.G.P.S 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:PMV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.19%)
2020 174.00 Analyst x2 163.85
2021 221.00 Analyst x2 195.97
2022 240.00 Analyst x1 200.41
2023 252.47 Est @ 5.19% 198.52
2024 261.35 Est @ 3.52% 193.52
2025 267.48 Est @ 2.35% 186.51
2026 271.57 Est @ 1.53% 178.31
2027 274.15 Est @ 0.95% 169.51
2028 275.65 Est @ 0.55% 160.49
2029 276.39 Est @ 0.27% 151.54
Present value of next 10 years cash flows €1,798.00
DB:PMV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €276.39 × (1 + -0.39%) ÷ (6.19% – -0.39%)
€4,181.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €4,181.49 ÷ (1 + 6.19%)10
€2,292.62
DB:PMV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,798.00 + €2,292.62
€4,090.62
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €4,090.62 / 513.17
€7.97
DB:PMV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PMV represents 1.00917x of ENXTLS:NOS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00917x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 7.97 x 1.00917
€8.04
Value per share (EUR) From above. €8.04
Current discount Discount to share price of €3.08
= -1 x (€3.08 - €8.04) / €8.04
61.7%

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

Current Discount
Amount off the current price NOS S.G.P.S is available for.
Intrinsic value
>50%
Share price is €3.08 vs Future cash flow value of €8.04
Current Discount Checks
For NOS S.G.P.S to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NOS S.G.P.S's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NOS S.G.P.S's share price is below the future cash flow value, and 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 NOS S.G.P.S's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NOS S.G.P.S's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PMV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.28
ENXTLS:NOS Share Price ** ENXTLS (2020-03-27) in EUR €3.05
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 NOS S.G.P.S.

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

= ENXTLS:NOS Share Price ÷ EPS (both in EUR)

= 3.05 ÷ 0.28

10.91x

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

  • NOS S.G.P.S is good value based on earnings compared to the Europe Telecom industry average.
  • NOS S.G.P.S is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does NOS S.G.P.S's expected growth come at a high price?
Raw Data
DB:PMV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
8.2%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:PMV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.91x ÷ 8.2%

1.32x

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

  • NOS S.G.P.S is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on NOS S.G.P.S's assets?
Raw Data
DB:PMV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €1.97
ENXTLS:NOS Share Price * ENXTLS (2020-03-27) in EUR €3.05
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:PMV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTLS:NOS Share Price ÷ Book Value per Share (both in EUR)

= 3.05 ÷ 1.97

1.55x

* Primary Listing of NOS S.G.P.S.

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

  • NOS S.G.P.S is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess NOS S.G.P.S'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. NOS S.G.P.S has a total score of 4/6, 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 NOS S.G.P.S expected to perform in the next 1 to 3 years based on estimates from 10 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
8.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NOS S.G.P.S expected to grow at an attractive rate?
  • NOS S.G.P.S's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • NOS S.G.P.S's earnings growth is positive but not above the Germany market average.
  • NOS S.G.P.S's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PMV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PMV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 8.2%
DB:PMV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 1.3%
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:PMV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PMV Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 1,664 613 179 7
2021-12-31 1,640 612 181 10
2020-12-31 1,619 603 163 8
2020-03-27
DB:PMV Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 1,599 144
2019-09-30 1,594 646 154
2019-06-30 1,586 679 152
2019-03-31 1,578 658 149
2018-12-31 1,576 659 141
2018-09-30 1,566 675 142
2018-06-30 1,563 581 130
2018-03-31 1,561 549 124
2017-12-31 1,559 522 122
2017-09-30 1,551 512 117
2017-06-30 1,539 542 112
2017-03-31 1,525 540 99

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NOS S.G.P.S's earnings are expected to grow by 8.2% yearly, however this is not considered high growth (20% yearly).
  • NOS S.G.P.S's revenue is expected to grow by 1.3% 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:PMV 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 10 Analyst Estimates (S&P Global) See Below

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

DB:PMV Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.36 0.40 0.30 6.00
2021-12-31 0.36 0.44 0.31 10.00
2020-12-31 0.33 0.36 0.31 8.00
2020-03-27
DB:PMV Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.28
2019-09-30 0.30
2019-06-30 0.30
2019-03-31 0.29
2018-12-31 0.28
2018-09-30 0.28
2018-06-30 0.25
2018-03-31 0.24
2017-12-31 0.24
2017-09-30 0.23
2017-06-30 0.22
2017-03-31 0.19

*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.
  • NOS S.G.P.S is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess NOS S.G.P.S'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.
NOS S.G.P.S 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 NOS S.G.P.S 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 NOS S.G.P.S'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.
  • NOS S.G.P.S's year on year earnings growth rate has been positive over the past 5 years.
  • NOS S.G.P.S's 1-year earnings growth is less than its 5-year average (1.5% vs 16.2%)
  • NOS S.G.P.S's earnings growth has not exceeded the Europe Telecom industry average in the past year (1.5% vs 10.4%).
Earnings and Revenue History
NOS S.G.P.S'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 NOS S.G.P.S Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PMV 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 1,599.20 143.50 399.30
2019-09-30 1,594.06 154.39 133.75
2019-06-30 1,585.61 151.80 131.76
2019-03-31 1,578.48 148.92 132.26
2018-12-31 1,576.16 141.41 131.99
2018-09-30 1,566.23 142.06 123.23
2018-06-30 1,563.32 129.65 126.63
2018-03-31 1,561.31 124.25 138.89
2017-12-31 1,558.64 122.08 152.38
2017-09-30 1,550.57 117.12 153.57
2017-06-30 1,539.46 111.72 154.81
2017-03-31 1,525.00 98.75 153.49
2016-12-31 1,514.97 90.38 156.83
2016-09-30 1,500.50 87.58 149.45
2016-06-30 1,487.47 86.31 150.01
2016-03-31 1,470.53 83.89 147.71
2015-12-31 1,444.31 82.72 143.19
2015-09-30 1,421.69 85.80 143.68
2015-06-30 1,401.56 78.34 142.88
2015-03-31 1,390.67 72.69 142.62
2014-12-31 1,383.93 74.71 141.64
2014-09-30 1,384.05 49.34 149.16
2014-06-30 1,287.82 29.19 135.47
2014-03-31 1,133.25 23.78 124.05
2013-12-31 990.26 10.81 110.91
2013-09-30 832.96 32.06 82.87
2013-06-30 778.74 43.55 81.53
2013-03-31 767.31 41.45 90.16

*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.
  • NOS S.G.P.S has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • NOS S.G.P.S used its assets more efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • NOS S.G.P.S has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NOS S.G.P.S'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.
NOS S.G.P.S has a total score of 3/6, 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 NOS S.G.P.S'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 NOS S.G.P.S's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NOS S.G.P.S's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • NOS S.G.P.S's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of NOS S.G.P.S'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 0.6x 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 NOS S.G.P.S Company Filings, last reported 2 months ago.

DB:PMV Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,012.30 1,106.40 12.80
2019-09-30 1,011.66 1,120.57 31.17
2019-06-30 962.98 1,142.00 11.31
2019-03-31 1,098.08 1,007.20 2.95
2018-12-31 1,083.88 1,046.27 2.18
2018-09-30 1,068.26 1,041.54 2.48
2018-06-30 1,026.38 1,126.48 3.12
2018-03-31 1,135.01 1,022.35 2.33
2017-12-31 1,107.11 1,056.36 2.98
2017-09-30 1,060.18 1,050.10 1.99
2017-06-30 1,025.85 1,080.70 2.01
2017-03-31 1,086.52 1,014.54 1.80
2016-12-31 1,053.10 1,072.22 2.31
2016-09-30 1,039.39 1,072.60 1.51
2016-06-30 1,011.27 1,091.86 1.26
2016-03-31 1,080.83 1,002.34 1.80
2015-12-31 1,063.52 1,007.65 9.95
2015-09-30 1,056.96 1,017.81 13.01
2015-06-30 1,035.41 1,064.20 8.93
2015-03-31 1,083.11 970.62 10.80
2014-12-31 1,060.13 964.33 21.07
2014-09-30 1,048.14 981.70 40.86
2014-06-30 1,033.64 997.99 42.80
2014-03-31 1,075.57 943.83 22.90
2013-12-31 1,060.21 1,001.67 74.38
2013-09-30 1,073.21 1,006.60 57.59
2013-06-30 207.13 738.43 126.89
2013-03-31 230.89 957.67 355.29
  • NOS S.G.P.S's level of debt (85.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (93% vs 85.6% today).
  • Debt is well covered by operating cash flow (74.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.9x coverage).
X
Financial health checks
We assess NOS S.G.P.S'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. NOS S.G.P.S has a total score of 3/6, 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 NOS S.G.P.S'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
9.11%
Current annual income from NOS S.G.P.S dividends. Estimated to be 11.31% next year.
If you bought €2,000 of NOS S.G.P.S shares you are expected to receive €182 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?
  • NOS S.G.P.S's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.66%).
  • NOS S.G.P.S's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
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:PMV 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 10 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:PMV Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.32 1.00
2022-12-31 0.34 6.00
2021-12-31 0.39 10.00
2020-12-31 0.29 6.00
2020-03-27
DB:PMV Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-02-21 0.278 8.560
2019-04-05 0.350 6.625
2019-03-08 0.350 6.200
2018-04-09 0.300 5.939
2018-03-12 0.300 6.236
2017-03-27 0.200 3.748
2017-03-02 0.200 3.972
2016-03-30 0.160 2.765
2016-03-01 0.160 2.634
2015-04-02 0.140 2.004
2015-02-25 0.140 2.249
2014-03-28 0.120 2.470
2013-03-28 0.120 2.751
2013-01-21 0.120 3.577
2012-03-28 0.160 6.730
2011-03-22 0.160 6.060
2011-02-23 0.160 4.340
2010-04-20 0.160 4.852
2009-04-30 0.160 3.895

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of NOS S.G.P.S's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess NOS S.G.P.S'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 NOS S.G.P.S afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NOS S.G.P.S has a total score of 3/6, 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 NOS S.G.P.S'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
Miguel Nuno Almeida
COMPENSATION €891,800
AGE 52
CEO Bio

Mr. Miguel Nuno Santos Almeida serves as the Chief Executive Officer at Sonaecom - Serviços de Comunicações, S.A since October 1, 2013 and NOS SGPS SA and also served as its Director. Mr. Almeida served as the Chief Marketing and Sales Officer of Sonaecom, S.G.P.S., S.A. and its Deputy Chairman since December 11, 2009. He served as Deputy Chief Executive Officer of Sonaecom, S.G.P.S., S.A. until April 24, 2014. He serves as Group Senior Executive of Sonae SGPS SA. He serves as the Chief Executive Officer of Optimus at Sonaecom, S.G.P.S., S.A. He served as the Chief Operating Officer of Mobile at Sonaecom, S.G.P.S., S.A. He served as an Executive Director of Telecommunications at Sonae SGPS SA. Mr. Almeida served as an Executive Director of Optimus, responsible for the areas of Marketing & Sales and Marketing Director of Modelo Continente. He serves as an Executive Director of NOS SGPS SA. He serves as a Director of Optimus – Telecomunicações, S.A. and Optimus Towering – Gestão de Torres de Telecomunicações, S.A. and Per-Mar, Sociedade de Construções, S.A. and We Do Consulting – Sistemas de Informação, S.A. and Sonae Telecom, SGPS, S.A. He served as Executive Director of Sonaecom, S.G.P.S., S.A. since April 2005 until April 24, 2014. Mr. Almeida holds a Degree in Mechanical Engineering from the Faculty of Engineering of Porto University and M.B.A. in Marketing from the INSEAD, Fontainebleau.

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

Miguel Nuno Almeida

TITLE
CEO & Vice-Chairman
COMPENSATION
€892K
AGE
52

José Pedro Pereira da Costa

TITLE
CFO, VP & Executive Director
COMPENSATION
€659K
AGE
52

Ana Paula Garrido Pina Marques

TITLE
Executive Director
COMPENSATION
€504K

Manuel Neto Portugal Ramalho Eanes

TITLE
Executive Director
COMPENSATION
€504K

Jorge Filipe Pinto sequeira dos Graça

TITLE
Executive Director
COMPENSATION
€427K

Luís Moutinho Nascimento

TITLE
Executive Director
COMPENSATION
€427K

Maria João Hewitt Moura Landau

TITLE
Head of the Investor Relations Department

Sandra Aires

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the NOS S.G.P.S board of directors in years:

6.4
Average Tenure
56
Average Age
  • The tenure for the NOS S.G.P.S board of directors is about average.
Board of Directors

Ângelo Gabriel Dos Santos Paupério

TITLE
Chairman of the Board
COMPENSATION
€75K
AGE
60
TENURE
0.2 yrs

Miguel Nuno Almeida

TITLE
CEO & Vice-Chairman
COMPENSATION
€892K
AGE
52

José Pedro Pereira da Costa

TITLE
CFO, VP & Executive Director
COMPENSATION
€659K
AGE
52
TENURE
12.5 yrs

Ana Paula Garrido Pina Marques

TITLE
Executive Director
COMPENSATION
€504K
TENURE
6.4 yrs

Manuel Neto Portugal Ramalho Eanes

TITLE
Executive Director
COMPENSATION
€504K
TENURE
6.4 yrs

Jorge Filipe Pinto sequeira dos Graça

TITLE
Executive Director
COMPENSATION
€427K
TENURE
3.9 yrs

Luís Moutinho Nascimento

TITLE
Executive Director
COMPENSATION
€427K
TENURE
2.7 yrs

António Domingues

TITLE
Non-Executive Director
COMPENSATION
€55K
AGE
63
TENURE
15.5 yrs

Paulo Cardoso da Mota Pinto

TITLE
Chairman of Fiscal Board
COMPENSATION
€67K
AGE
52

António Bernardo da Gama Lobo Xavier

TITLE
Non-Executive Director
COMPENSATION
€60K
AGE
60
TENURE
6.4 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 (€)
03. Apr 19 Sell Manuel Neto Portugal Ramalho Eanes Individual 01. Apr 19 01. Apr 19 -10,512 €5.75 €-60,357
03. Apr 19 Buy Manuel Neto Portugal Ramalho Eanes Individual 01. Apr 19 01. Apr 19 10,512 €5.66 €59,445
03. Apr 19 Sell José Pedro Pereira da Costa Individual 29. Mar 19 29. Mar 19 -15,018 €5.68 €-85,302
03. Apr 19 Buy José Pedro Pereira da Costa Individual 29. Mar 19 29. Mar 19 15,018 €5.66 €84,927
03. Apr 19 Sell Jorge Filipe Pinto sequeira dos Graça Individual 29. Mar 19 29. Mar 19 -13,560 €5.66 €-76,682
03. Apr 19 Buy Jorge Filipe Pinto sequeira dos Graça Individual 29. Mar 19 29. Mar 19 13,560 €5.66 €76,682
03. Apr 19 Buy Miguel Nuno Almeida Individual 29. Mar 19 29. Mar 19 18,051 €5.66 €102,078
X
Management checks
We assess NOS S.G.P.S'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. NOS S.G.P.S 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

NOS, S.G.P.S., S.A. offers integrated telecommunications services worldwide. It operates through Telco and Audiovisuals segments. The company offers fixed and mobile solutions, Internet, voice, and data for residential, personal, business, and wholesale markets, as well as pay TV, broadband, and cinema distribution and exhibition services. It also provides content; manages and acquires rights; and distributes movies and series. The company also engages in the commercialization of cable TV content, movies exhibition, and advertising. Further, it designs, constructs, manages, and exploits electronic communications networks, and their equipment and infrastructures; and installs and manages towers and other sites for telecommunications equipment. In addition, the company manages real estate properties; commercializes other public events; offers consulting services in the area of information systems; provides electronic communications services and equipment; promotes scientific research and development activities; imports, distributes, commercializes, and produces audiovisual products; and purchases, sells, and rents property. It also engages in the realization of urbanization and building construction, planning, urban management, studies, construction and property management, and buy and sale of properties. The company was founded in 1999 and is headquartered in Lisbon, Portugal. NOS, SGPS, S.A. is a subsidiary of ZOPT, SGPS, S.A.

Details
Name: NOS, S.G.P.S., S.A.
PMV
Exchange: DB
Founded: 1999
€1,566,196,860
513,170,662
Website: http://www.nos.pt
Address: NOS, S.G.P.S., S.A.
Rua Ator António Silva, nº 9,
Campo Grande,
Lisbon,
Lisbon, 1600-404,
Portugal
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTLS NOS Ordinary Shares Euronext Lisbon PT EUR 16. Nov 1999
OTCPK ZONN.F Ordinary Shares Pink Sheets LLC US USD 16. Nov 1999
DB PMV Ordinary Shares Deutsche Boerse AG DE EUR 16. Nov 1999
LSE 0J1Z Ordinary Shares London Stock Exchange GB EUR 16. Nov 1999
BMV NOS N Ordinary Shares Bolsa Mexicana de Valores MX MXN 16. Nov 1999
BATS-CHIXE NOSU Ordinary Shares BATS 'Chi-X Europe' GB EUR 16. Nov 1999
Number of employees
Current staff
Staff numbers
2,463
NOS S.G.P.S employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 20:42
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/21
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.