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O2 Czech Republic

DB:TEE
Snowflake Description

Good value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TEE
DB
CZK66B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

O2 Czech Republic a.s. provides integrated telecommunication services for households, small and medium sized businesses, corporations, and government customers in the Czech Republic and Slovakia. The last earnings update was 27 days ago. More info.


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TEE Share Price and Events
7 Day Returns
0.5%
DB:TEE
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
-15.1%
DB:TEE
-22.7%
DE Telecom
-14.1%
DE Market
TEE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
O2 Czech Republic (TEE) 0.5% -10.7% -10.4% -15.1% -21.3% 10.5%
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
  • TEE outperformed the Telecom industry which returned -22.7% over the past year.
  • TEE underperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
TEE
Industry
5yr Volatility vs Market
Related Companies

TEE Value

 Is O2 Czech Republic 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 O2 Czech Republic 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 O2 Czech Republic.

DB:TEE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.7%
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:TEE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
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- 19%) (28.35%))
0.626
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 * 6.33%)
4.67%

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

The calculations below outline how an intrinsic value for O2 Czech Republic 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:TEE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CZK, Millions) Source Present Value
Discounted (@ 4.67%)
2020 4,361.00 Analyst x4 4,166.27
2021 5,764.75 Analyst x4 5,261.42
2022 7,798.50 Analyst x2 6,799.78
2023 8,000.00 Analyst x1 6,664.00
2024 8,000.00 Analyst x1 6,366.43
2025 7,990.64 Est @ -0.12% 6,075.03
2026 7,974.75 Est @ -0.2% 5,792.22
2027 7,954.31 Est @ -0.26% 5,519.40
2028 7,930.74 Est @ -0.3% 5,257.32
2029 7,905.01 Est @ -0.32% 5,006.27
Present value of next 10 years cash flows CZK56,908.00
DB:TEE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CZK7,905.01 × (1 + -0.39%) ÷ (4.67% – -0.39%)
CZK155,493.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CZK155,493.25 ÷ (1 + 4.67%)10
CZK98,474.40
DB:TEE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CZK56,908.00 + CZK98,474.40
CZK155,382.40
Equity Value per Share
(CZK)
= Total value / Shares Outstanding
= CZK155,382.40 / 300.88
CZK516.42
DB:TEE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TEE represents 0.03659x of SEP:TELEC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.03659x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CZK) x Listing Adjustment Factor
= CZK 516.42 x 0.03659
€18.90
Value per share (EUR) From above. €18.90
Current discount Discount to share price of €8.05
= -1 x (€8.05 - €18.90) / €18.90
57.4%

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

Current Discount
Amount off the current price O2 Czech Republic is available for.
Intrinsic value
>50%
Share price is €8.05 vs Future cash flow value of €18.9
Current Discount Checks
For O2 Czech Republic to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • O2 Czech Republic's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • O2 Czech Republic'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 O2 Czech Republic's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are O2 Czech Republic's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TEE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CZK CZK18.12
SEP:TELEC Share Price ** SEP (2020-03-27) in CZK CZK220
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 O2 Czech Republic.

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

= SEP:TELEC Share Price ÷ EPS (both in CZK)

= 220 ÷ 18.12

12.14x

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

  • O2 Czech Republic is good value based on earnings compared to the Europe Telecom industry average.
  • O2 Czech Republic is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does O2 Czech Republic's expected growth come at a high price?
Raw Data
DB:TEE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
0.8%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:TEE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.14x ÷ 0.8%

15.55x

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

  • O2 Czech Republic is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on O2 Czech Republic's assets?
Raw Data
DB:TEE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CZK CZK47.07
SEP:TELEC Share Price * SEP (2020-03-27) in CZK CZK220
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:TEE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEP:TELEC Share Price ÷ Book Value per Share (both in CZK)

= 220 ÷ 47.07

4.67x

* Primary Listing of O2 Czech Republic.

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

  • O2 Czech Republic is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess O2 Czech Republic'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. O2 Czech Republic 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.

TEE Future Performance

 How is O2 Czech Republic expected to perform in the next 1 to 3 years based on estimates from 5 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
0.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is O2 Czech Republic expected to grow at an attractive rate?
  • O2 Czech Republic's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • O2 Czech Republic's earnings growth is positive but not above the Germany market average.
  • O2 Czech Republic's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TEE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TEE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 0.8%
DB:TEE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 0.2%
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:TEE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CZK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TEE Future Estimates Data
Date (Data in CZK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 39,639 5,593 2
2023-12-31 39,355 5,496 2
2022-12-31 39,140 11,147 5,390 2
2021-12-31 38,490 9,953 5,138 5
2020-12-31 38,841 11,259 5,335 5
2020-03-27
DB:TEE Past Financials Data
Date (Data in CZK Millions) Revenue Cash Flow Net Income *
2019-12-31 39,269 9,980 5,463
2019-09-30 38,943 5,256
2019-06-30 38,961 8,496 5,276
2019-03-31 38,585 5,357
2018-12-31 38,538 7,713 5,450
2018-09-30 38,509 5,695
2018-06-30 38,299 8,057 5,737
2018-03-31 38,170 5,635
2017-12-31 38,201 8,451 5,592
2017-09-30 38,255 5,361
2017-06-30 38,245 9,047 5,340
2017-03-31 38,261 5,301

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • O2 Czech Republic's earnings are expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).
  • O2 Czech Republic's revenue is expected to grow by 0.2% 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:TEE 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 5 Analyst Estimates (S&P Global) See Below

All data from O2 Czech Republic Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TEE Future Estimates Data
Date (Data in CZK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 18.50 18.50 18.50 1.00
2023-12-31 18.40 18.40 18.40 1.00
2022-12-31 17.60 18.00 17.20 2.00
2021-12-31 16.88 18.30 15.12 4.00
2020-12-31 17.13 18.10 15.88 4.00
2020-03-27
DB:TEE Past Financials Data
Date (Data in CZK Millions) EPS *
2019-12-31 18.12
2019-09-30
2019-06-30 17.50
2019-03-31
2018-12-31 18.07
2018-09-30
2018-06-30 18.99
2018-03-31
2017-12-31 18.42
2017-09-30
2017-06-30 17.46
2017-03-31

*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.
  • O2 Czech Republic is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess O2 Czech Republic'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.
O2 Czech Republic has a total score of 2/6, 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.

TEE Past Performance

  How has O2 Czech Republic 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 O2 Czech Republic'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.
  • O2 Czech Republic's year on year earnings growth rate has been positive over the past 5 years.
  • O2 Czech Republic's 1-year earnings growth is less than its 5-year average (0.2% vs 5.2%)
  • O2 Czech Republic's earnings growth has not exceeded the Europe Telecom industry average in the past year (0.2% vs 10.4%).
Earnings and Revenue History
O2 Czech Republic'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 O2 Czech Republic Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TEE Past Revenue, Cash Flow and Net Income Data
Date (Data in CZK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 39,269.00 5,463.00
2019-09-30 38,943.00 5,256.00 -365.00
2019-06-30 38,961.00 5,276.00
2019-03-31 38,585.00 5,357.00 -105.00
2018-12-31 38,538.00 5,450.00
2018-09-30 38,509.00 5,695.00 -81.00
2018-06-30 38,299.00 5,737.00
2018-03-31 38,170.00 5,635.00 -72.00
2017-12-31 38,201.00 5,592.00
2017-09-30 38,255.00 5,361.00 221.00
2017-06-30 38,245.00 5,340.00
2017-03-31 38,261.00 5,301.00 99.00
2016-12-31 38,042.00 5,259.00
2016-09-30 37,856.00 5,362.00 -107.00
2016-06-30 37,691.00 5,304.00
2016-03-31 37,682.00 5,251.00 -3.00
2015-12-31 37,779.00 5,077.00
2015-09-30 35,517.00 4,483.00 6,032.00
2015-06-30 37,706.00 4,335.00
2015-03-31 35,965.00 4,027.00 -1,944.00
2014-12-31 37,703.00 3,515.00
2014-09-30 42,708.00 4,711.00
2014-06-30 43,135.00 4,807.00
2014-03-31 47,641.00 5,206.00 3,925.00
2013-12-31 48,762.00 5,695.00
2013-09-30 48,346.00 5,500.00 -780.00
2013-06-30 49,214.00 5,914.00 -513.00
2013-03-31 51,075.00 6,201.00 -274.00

*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.
  • Whilst O2 Czech Republic has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • O2 Czech Republic used its assets more efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • O2 Czech Republic's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess O2 Czech Republic'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.
O2 Czech Republic has a total score of 2/6, 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.

TEE Health

 How is O2 Czech Republic'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 O2 Czech Republic's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • O2 Czech Republic's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • O2 Czech Republic's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of O2 Czech Republic'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 covered by short term assets, assets are 1x 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 O2 Czech Republic Company Filings, last reported 2 months ago.

DB:TEE Past Debt and Equity Data
Date (Data in CZK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 14,177.00 14,596.00 6,021.00
2019-09-30 12,895.00 14,669.00 4,297.00
2019-06-30 11,457.00 14,578.00 8,813.00
2019-03-31 16,465.00 10,520.00 2,952.00
2018-12-31 15,225.00 10,499.00 2,489.00
2018-09-30 14,026.00 10,489.00 1,174.00
2018-06-30 12,603.00 11,690.00 7,322.00
2018-03-31 17,396.00 10,502.00 4,514.00
2017-12-31 15,475.00 10,486.00 4,088.00
2017-09-30 14,319.00 10,487.00 4,069.00
2017-06-30 13,104.00 10,477.00 2,884.00
2017-03-31 18,543.00 8,980.00 6,516.00
2016-12-31 17,505.00 6,977.00 4,137.00
2016-09-30 16,753.00 7,976.00 3,541.00
2016-06-30 15,437.00 7,975.00 3,095.00
2016-03-31 19,316.00 6,984.00 5,749.00
2015-12-31 18,344.00 2,981.00 1,970.00
2015-09-30 17,153.00 7,001.00 3,924.00
2015-06-30 15,759.00 7,634.00 3,596.00
2015-03-31 55,303.00 7,002.00 5,592.00
2014-12-31 54,153.00 7,004.00 3,256.00
2014-09-30 53,057.00 3,002.00 5,699.00
2014-06-30 51,798.00 3,004.00 3,478.00
2014-03-31 56,272.00 3,006.00 2,635.00
2013-12-31 55,749.00 3,004.00 3,890.00
2013-09-30 53,334.00 3,016.00 9,117.00
2013-06-30 52,615.00 3,005.00 6,922.00
2013-03-31 61,531.00 3,011.00 5,370.00
  • O2 Czech Republic's level of debt (103%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.9% vs 103% today).
  • Debt is well covered by operating cash flow (68.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 20.8x coverage).
X
Financial health checks
We assess O2 Czech Republic'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. O2 Czech Republic 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.

TEE Dividends

 What is O2 Czech Republic'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
9.55%
Current annual income from O2 Czech Republic dividends. Estimated to be 9.55% next year.
If you bought €2,000 of O2 Czech Republic shares you are expected to receive €191 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?
  • O2 Czech Republic's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.66%).
  • O2 Czech Republic's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase O2 Czech Republic 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:TEE 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 5 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:TEE Future Dividends Estimate Data
Date (Data in CZK) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 21.00 1.00
2021-12-31 20.94 5.00
2020-12-31 21.10 5.00
2020-03-27
DB:TEE Past Annualized Dividends Data
Date (Data in CZK) Dividend per share (annual) Avg. Yield (%)
2019-02-28 21.000 9.195
2018-04-27 21.000 8.269
2017-02-17 17.000 6.135
2017-01-31 17.000 6.364
2016-02-18 16.000 6.736
2016-01-26 16.000 6.523
2015-03-27 13.000 7.568
2014-06-27 18.000 7.263
2014-05-02 18.000 6.100
2014-02-26 18.000 6.027
2013-02-27 20.000 6.792
2012-03-15 27.000 7.337
2012-02-17 27.000 6.776
2011-02-18 40.000 9.994
2010-04-07 40.000 9.877
2010-02-25 40.000 8.979
2009-04-03 50.000 11.443

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of O2 Czech Republic's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess O2 Czech Republic'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 O2 Czech Republic afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. O2 Czech Republic has a total score of 2/6, see the detailed checks below.


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

TEE Management

 What is the CEO of O2 Czech Republic'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
Jindrich Fremuth
AGE 44
TENURE AS CEO 2.2 years
CEO Bio

Mr. Jindrich Fremuth has been Chief Executive Officers and Director of O2 Czech Republic, A.S. since January 1, 2018 and has been its Chairman since 2018. He served Chief Commercial Officer at the company since January 7, 2017 until December 31, 2017 and served as its Director of Consumer Division since March 2013 until January 7, 2017. Mr. Fremuth joined Telefónica CR in 2009 as the Middle East in particular. He served as Managing Director of Euro RSCG 4D at Havas Group, whose business is digital marketing, direct marketing and sales support. He served as Director of Online Channels at Telefónica Czech Republic AS, where he was responsible for the planning and execution of the Company's online strategy, management of online tools and application development. In 2011 he took over the responsibility for the consumer distribution channel strategy, which plays a major role in the development of customer care. Before joining Telefónica CR, he worked for 10 years in various marketing and sales positions. As consultant at McKinsey&Company, he specialised in telecommunications and technology projects and worked for leading corporations in Europe. Mr. Fremuth graduated from the University of Economics in Prague.

CEO Compensation
  • Insufficient data for Jindrich to compare compensation growth.
  • Insufficient data for Jindrich to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the O2 Czech Republic management team in years:

2.2
Average Tenure
45
Average Age
  • The tenure for the O2 Czech Republic management team is about average.
Management Team

Jindrich Fremuth

TITLE
Chairman of the Board & CEO
AGE
44
TENURE
2.2 yrs

Tomáš Kouril

TITLE
Vice-Chairman of the Board
AGE
45
TENURE
3.2 yrs

Jan Hruška

TITLE
CTO & Director of Technology Division
TENURE
2 yrs

Jakub Hampl

TITLE
Head of Investor Relations

Václav Zakouril

TITLE
Director of Legal & Regulatory Affairs Division and Director
AGE
45
TENURE
4.2 yrs

Hany Farghali

TITLE
Director of Corporate Communication & CSR
TENURE
1 yrs

Pavel Milec

TITLE
Vice-Chairman of the Supervisory Board & Director of Human Resources
TENURE
1.2 yrs

Jakub Minarik

TITLE
Head of Start-Up Accelerator
TENURE
4.3 yrs

Richard Siebenstich

TITLE
Chief Commercial Officer & Director of Commercial Division
TENURE
2 yrs

Jakub Chytil

TITLE
Company Secretary
AGE
58
TENURE
13.8 yrs
Board of Directors Tenure

Average tenure and age of the O2 Czech Republic board of directors in years:

2
Average Tenure
45
Average Age
  • The average tenure for the O2 Czech Republic board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jindrich Fremuth

TITLE
Chairman of the Board & CEO
AGE
44
TENURE
2.2 yrs

Tomáš Kouril

TITLE
Vice-Chairman of the Board
AGE
45
TENURE
5.2 yrs

Václav Zakouril

TITLE
Director of Legal & Regulatory Affairs Division and Director
AGE
45
TENURE
2 yrs

Pavel Milec

TITLE
Vice-Chairman of the Supervisory Board & Director of Human Resources
TENURE
1.2 yrs

Ladislav Bartonícek

TITLE
Chairman of the Supervisory Board
AGE
55
TENURE
1.8 yrs

Katerina Pospíšilová

TITLE
Member of the Supervisory Board
AGE
37
TENURE
2.1 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 O2 Czech Republic'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. O2 Czech Republic 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.

TEE News

Simply Wall St News

TEE Company Info

Description

O2 Czech Republic a.s. provides integrated telecommunication services for households, small and medium sized businesses, corporations, and government customers in the Czech Republic and Slovakia. It operates through two segments, Fixed and Mobile. The company offers fixed and mobile voice, data, and Internet services; and information and communication technology services, such as system integration, outsourcing, and software development, as well as project solutions. It also provides services, including digital television, financial services intermediary, online communication platform, virtual and augmented reality, transport telematic, and mobile applications development services, as well as offers electronic sales reporting solutions. In addition, the company offers home security equipment and services, as well as operates startup funds. The company was formerly known as Telefónica Czech Republic, a.s. and changed its name to O2 Czech Republic a.s. in June 2014. O2 Czech Republic a.s. was incorporated in 1993 and is based in Prague, the Czech Republic. O2 Czech Republic a.s. is a subsidiary of PPF Telco B.V.

Details
Name: O2 Czech Republic a.s.
TEE
Exchange: DB
Founded: 1993
CZK2,430,096,140
300,882,148
Website: http://www.o2.cz
Address: O2 Czech Republic a.s.
Za Brumlovkou 266/2,
Prague 4,
Prague,
140 22,
Czech Republic
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEP TELEC Ordinary Bearer Shares The Stock Exchange Prague Co. Ltd. CZ CZK 08. Mar 1995
OTCPK TFAO.F Ordinary Bearer Shares Pink Sheets LLC US USD 08. Mar 1995
DB TEE Ordinary Bearer Shares Deutsche Boerse AG DE EUR 08. Mar 1995
LSE 0OHL Ordinary Bearer Shares London Stock Exchange GB CZK 08. Mar 1995
BATS-CHIXE TELECK Ordinary Bearer Shares BATS 'Chi-X Europe' GB CZK 08. Mar 1995
Number of employees
Current staff
Staff numbers
5,116
O2 Czech Republic employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 21:06
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/19
Last earnings filing: 2020/02/29
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.