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Eutelsat Communications

OTCPK:ETCM.Y
Snowflake Description

6 star dividend payer and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ETCM.Y
OTCPK
€3B
Market Cap
  1. Home
  2. US
  3. Media
Company description

Eutelsat Communications S.A., a private telecommunications satellite operator, engages in the design, establishment, operation, and maintenance of satellite telecommunications systems. The last earnings update was 58 days ago. More info.


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ETCM.Y Share Price and Events
7 Day Returns
6.9%
OTCPK:ETCM.Y
-0.8%
US Media
1.1%
US Market
1 Year Returns
-15.6%
OTCPK:ETCM.Y
17.4%
US Media
17.8%
US Market
ETCM.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Eutelsat Communications (ETCM.Y) 6.9% -7.1% -11.2% -15.6% -10.8% -48.9%
US Media -0.8% -3.1% -1.6% 17.4% 15.1% 28.6%
US Market 1.1% 1.4% 3.9% 17.8% 35.4% 52.4%
1 Year Return vs Industry and Market
  • ETCM.Y underperformed the Media industry which returned 17.4% over the past year.
  • ETCM.Y underperformed the Market in United States of America which returned 17.8% over the past year.
Price Volatility
ETCM.Y
Industry
5yr Volatility vs Market

ETCM.Y Value

 Is Eutelsat Communications 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 Eutelsat Communications 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 Eutelsat Communications.

OTCPK:ETCM.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:ETCM.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 6.1%
Media Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.759 (1 + (1- 33%) (127.07%))
1.272
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.272 * 6.07%)
9.46%

Discounted Cash Flow Calculation for OTCPK:ETCM.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Eutelsat Communications 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.

OTCPK:ETCM.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.46%)
2020 510.33 Analyst x6 466.23
2021 503.86 Analyst x8 420.54
2022 522.76 Analyst x5 398.61
2023 645.00 Analyst x1 449.32
2024 644.00 Analyst x1 409.85
2025 646.72 Est @ 0.42% 376.02
2026 652.01 Est @ 0.82% 346.33
2027 659.14 Est @ 1.09% 319.87
2028 667.63 Est @ 1.29% 295.99
2029 677.14 Est @ 1.42% 274.26
Present value of next 10 years cash flows €3,757.00
OTCPK:ETCM.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €677.14 × (1 + 1.74%) ÷ (9.46% – 1.74%)
€8,924.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €8,924.98 ÷ (1 + 9.46%)10
€3,614.87
OTCPK:ETCM.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3,757.00 + €3,614.87
€7,371.87
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €7,371.87 / 232.55
€31.7
OTCPK:ETCM.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:ETCM.Y represents 0.28011x of ENXTPA:ETL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.28011x
Value per Share
(Listing Adjusted, USD)
= Value per Share (EUR) x Listing Adjustment Factor
= € 31.70 x 0.28011
$8.88
Value per share (USD) From above. $8.88
Current discount Discount to share price of $4.21
= -1 x ($4.21 - $8.88) / $8.88
52.6%

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

Current Discount
Amount off the current price Eutelsat Communications is available for.
Intrinsic value
>50%
Share price is $4.21 vs Future cash flow value of $8.88
Current Discount Checks
For Eutelsat Communications to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Eutelsat Communications's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Eutelsat Communications'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 Eutelsat Communications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Eutelsat Communications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ETCM.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.46
ENXTPA:ETL Share Price ** ENXTPA (2019-12-11) in EUR €15.03
United States of America Media Industry PE Ratio Median Figure of 39 Publicly-Listed Media Companies 14.2x
United States of America Market PE Ratio Median Figure of 2,928 Publicly-Listed Companies 18.42x

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

** Primary Listing of Eutelsat Communications.

OTCPK:ETCM.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 15.03 ÷ 1.46

10.26x

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

  • Eutelsat Communications is good value based on earnings compared to the US Media industry average.
  • Eutelsat Communications is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Eutelsat Communications's expected growth come at a high price?
Raw Data
OTCPK:ETCM.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
1.7%per year
United States of America Media Industry PEG Ratio Median Figure of 30 Publicly-Listed Media Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,039 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

OTCPK:ETCM.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.26x ÷ 1.7%

6.02x

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

  • Eutelsat Communications is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Eutelsat Communications's assets?
Raw Data
OTCPK:ETCM.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €11.53
ENXTPA:ETL Share Price * ENXTPA (2019-12-11) in EUR €15.03
United States of America Media Industry PB Ratio Median Figure of 75 Publicly-Listed Media Companies 1.34x
United States of America Market PB Ratio Median Figure of 5,092 Publicly-Listed Companies 1.78x
OTCPK:ETCM.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 15.03 ÷ 11.53

1.3x

* Primary Listing of Eutelsat Communications.

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

  • Eutelsat Communications is good value based on assets compared to the US Media industry average.
X
Value checks
We assess Eutelsat Communications'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Eutelsat Communications has a total score of 5/6, 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.

ETCM.Y Future Performance

 How is Eutelsat Communications expected to perform in the next 1 to 3 years based on estimates from 14 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
1.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Eutelsat Communications expected to grow at an attractive rate?
  • Eutelsat Communications's earnings growth is positive but not above the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Eutelsat Communications's earnings growth is positive but not above the United States of America market average.
  • Eutelsat Communications's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:ETCM.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ETCM.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 1.7%
OTCPK:ETCM.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts -0%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 15.6%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
OTCPK:ETCM.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:ETCM.Y Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 1,350 395 1
2023-06-30 1,343 378 1
2022-06-30 1,310 924 344 10
2021-06-30 1,297 915 334 14
2020-06-30 1,297 916 327 13
2019-12-12
OTCPK:ETCM.Y Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 1,321 848 340
2019-03-31 1,341 848 312
2018-12-31 1,378 847 283
2018-09-30 1,393 864 286
2018-06-30 1,391 881 292
2018-03-31 1,401 897 305
2017-12-31 1,411 913 318
2017-09-30 1,444 948 335
2017-06-30 1,478 983 352
2017-03-31 1,494 957 352
2016-12-31 1,510 931 353
2016-09-30 1,519 913 351

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Eutelsat Communications's earnings are expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).
  • Eutelsat Communications's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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
OTCPK:ETCM.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Eutelsat Communications Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ETCM.Y Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30 1.70 1.70 1.70 1.00
2023-06-30 1.63 1.63 1.63 1.00
2022-06-30 1.48 1.63 1.19 8.00
2021-06-30 1.43 1.61 1.21 11.00
2020-06-30 1.38 1.46 1.25 10.00
2019-12-12
OTCPK:ETCM.Y Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.46
2019-03-31 1.34
2018-12-31 1.22
2018-09-30 1.23
2018-06-30 1.25
2018-03-31 1.31
2017-12-31 1.37
2017-09-30 1.44
2017-06-30 1.51
2017-03-31 1.51
2016-12-31 1.52
2016-09-30 1.52

*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.
  • Eutelsat Communications is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Eutelsat Communications'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Eutelsat Communications has a total score of 0/6, 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.

ETCM.Y Past Performance

  How has Eutelsat Communications 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 Eutelsat Communications's growth in the last year to its industry (Media).
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.
  • Eutelsat Communications's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Eutelsat Communications's 1-year earnings growth exceeds its 5-year average (16.7% vs -2%)
  • Eutelsat Communications's earnings growth has exceeded the US Media industry average in the past year (16.7% vs -32.7%).
Earnings and Revenue History
Eutelsat Communications'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 Eutelsat Communications Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ETCM.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,321.10 340.40 198.00
2019-03-31 1,340.80 312.20 206.85
2018-12-31 1,377.90 282.50 234.50
2018-09-30 1,392.90 286.30 234.05
2018-06-30 1,390.50 291.60 214.80
2018-03-31 1,400.70 304.60 218.15
2017-12-31 1,410.90 317.60 221.50
2017-09-30 1,444.40 334.70 233.45
2017-06-30 1,477.90 351.80 245.40
2017-03-31 1,493.80 352.25 251.00
2016-12-31 1,509.70 352.70 256.60
2016-09-30 1,519.35 350.60 257.35
2016-06-30 1,529.00 348.50 258.10
2016-03-31 1,528.50 365.50 253.00
2015-12-31 1,528.00 382.50 247.90
2015-09-30 1,502.20 368.85 243.95
2015-06-30 1,476.40 355.20 240.00
2015-03-31 1,449.85 335.90 234.60
2014-12-31 1,423.30 316.60 229.20
2014-09-30 1,385.60 309.90 223.80
2014-06-30 1,347.90 303.20 218.40
2014-03-31 1,322.90 313.45 206.50
2013-12-31 1,297.90 323.70 194.60
2013-09-30 1,291.00 339.30 181.60
2013-06-30 1,284.10 354.90 168.60
2013-03-31 1,268.75 351.25 163.90
2012-12-31 1,253.40 347.60 159.20

*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.
  • Eutelsat Communications has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Eutelsat Communications used its assets less efficiently than the US Media industry average last year based on Return on Assets.
  • Eutelsat Communications's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Eutelsat Communications'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 Media 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.
Eutelsat Communications 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.

ETCM.Y Health

 How is Eutelsat Communications'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 Eutelsat Communications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Eutelsat Communications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Eutelsat Communications's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Eutelsat Communications'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 0.5x 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 Eutelsat Communications Company Filings, last reported 5 months ago.

OTCPK:ETCM.Y Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,867.40 3,859.10 1,538.80
2019-03-31 2,867.40 3,859.10 1,538.80
2018-12-31 2,705.20 4,113.30 1,559.80
2018-09-30 2,705.20 4,113.30 1,559.80
2018-06-30 2,847.60 3,295.70 750.40
2018-03-31 2,847.60 3,295.70 750.40
2017-12-31 2,727.40 3,335.40 383.10
2017-09-30 2,727.40 3,335.40 383.10
2017-06-30 2,911.30 3,313.80 408.00
2017-03-31 2,911.30 3,313.80 408.00
2016-12-31 2,767.00 4,266.30 1,188.20
2016-09-30 2,767.00 4,266.30 1,188.20
2016-06-30 2,734.80 4,229.70 1,153.80
2016-03-31 2,734.80 4,229.70 1,153.80
2015-12-31 2,642.80 3,789.00 581.80
2015-09-30 2,642.80 3,789.00 581.80
2015-06-30 2,534.00 3,727.80 420.30
2015-03-31 2,534.00 3,727.80 420.30
2014-12-31 2,206.20 3,943.10 469.20
2014-09-30 2,206.20 3,943.10 469.20
2014-06-30 2,030.70 3,872.80 293.20
2014-03-31 2,030.70 3,872.80 293.20
2013-12-31 1,836.20 3,868.10 547.70
2013-09-30 1,836.20 3,868.10 547.70
2013-06-30 1,950.80 2,896.20 248.20
2013-03-31 1,950.80 2,896.20 248.20
2012-12-31 1,807.40 2,827.70 186.10
  • Eutelsat Communications's level of debt (134.6%) 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 (190.6% vs 134.6% today).
  • Debt is well covered by operating cash flow (22%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
X
Financial health checks
We assess Eutelsat Communications'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. Eutelsat Communications has a total score of 4/6, 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.

ETCM.Y Dividends

 What is Eutelsat Communications'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
8.45%
Current annual income from Eutelsat Communications dividends. Estimated to be 8.82% next year.
If you bought $2,000 of Eutelsat Communications shares you are expected to receive $169 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?
  • Eutelsat Communications's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Eutelsat Communications's dividend is above the markets top 25% of dividend payers in United States of America (3.67%).
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
OTCPK:ETCM.Y 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 14 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1962 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:ETCM.Y Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-06-30 1.53 1.00
2023-06-30 1.46 1.00
2022-06-30 1.37 10.00
2021-06-30 1.30 14.00
2020-06-30 1.29 13.00
2019-12-12
OTCPK:ETCM.Y Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-11-07 1.270 8.193
2018-08-01 1.270 7.201
2017-07-28 1.210 6.254
2016-11-04 1.100 5.571
2015-07-30 1.090 4.791
2014-11-07 1.030 3.495
2013-11-07 1.080 4.476
2012-11-08 1.000 4.145
2011-11-08 0.900 3.453
2010-11-09 0.760 2.637
2009-11-12 0.660 2.554

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 Eutelsat Communications's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Eutelsat Communications's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Eutelsat Communications afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Eutelsat Communications has a total score of 6/6, see the detailed checks below.


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

ETCM.Y Management

 What is the CEO of Eutelsat Communications'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
Rodolphe Belmer
COMPENSATION €1,952,445
AGE 50
TENURE AS CEO 3.8 years
CEO Bio

Mr. Rodolphe Belmer has been the Chief Executive Officer of Eutelsat Communications S.A. and Eutelsat S.A. since March 1, 2016. Mr. Belmer serves as the Chief Operating Officer and Member of the Executive Board at CANAL+ Group. Mr. Belmer served as Deputy Chief Executive Officer of Eutelsat Communications Société Anonyme from December 1, 2015 to February 29, 2016 and of Eutelsat S.A. until February 29, 2016. He served as the Chief Executive Officer of Societe d'Edition de Canal Plus S.A. until July 7, 2015. He served as an Executive Vice President of Marketing & Strategy at CANAL + SA. Since 2012, he was in charge of all CANAL + SA's pay and free-to-air TV operations in Metropolitan France. He served as the Chief Executive Officer of CANAL + SA until July 3, 2015. He served as the Chief Operating Officer of Canal Plus SAS (Societe d'Edition de Canal Plus S.A) until July 2015. He worked for six years in the marketing department at Procter & Gamble France. In 1998, he joined McKinsey & Co. as Manager, where he lead consultancy projects in the media, retailing and consumer products industries. He joined CANAL+ Group in October 2001 as Director of Strategy and Development at CANAL+ Distribution before being appointed Marketing and Strategy Director for CANAL+ Group. He served as Vice President of Content at CANAL+ Group in April 2005. He has been a Director of Eutelsat Communications S.A. since November 4, 2016. He has been Non-executive Director of Netflix, Inc. since February 2018. He has been a Director of Canal Plus SAS since December 9, 2003. He served as Deputy Chairman of the Supervisory Board and served as a Member of the Supervisory Board at Mediawan Société anonyme since April 7, 2016 until November 2019. He has been a Member of Supervisory Board of TVN Spolka Akcyjna from November 30, 2012 to June 24, 2015. He is Board Member and Chairman of Eutelsat Inc. (USA) since March 1, 2016. He is Board Member of Eutelsat Inc. (USA) since March 1, 2016. He is Board Member of Satélites Mexicanos S.A. de C.V. (Mexico), Broadband for Africa (United Kingdom) since March 1, 2016. He is a Director of Eutelsat Networks LLC since September 30, 2016 and has been its Chairman since November 9, 2016. He is Manager of Euro Broadband Infrastructure (Switzerland) and Euro Broadband Retail (Switzerland) since March 3, 2017. He is Chairman of Auteurs Solidaires since January 2017, RBC since July 2015. He is Chairman of Séries Mania since September 2017. He is Director of Brut since February 15, 2018. He was Manager of Flab Press until July 6, 2015. He was Chairman of MultiThématiques S.A.S. until June 21, 2013, Board Member of Planète Thalassa until June 6, 2013, Member of Directory Board of Canal+ France until December 31, 2013, Chairman of D8 Production until June 21, 2013, Member of Directory Board of Groupe Canal+ until July 3, 2015, Chairman of Cine Info until July 6, 2015, Board Member of Sport+ until July 6, 2015, Chairman of Vivendi Contents until July 6, 2015, Chairman of Flab Prod until July 6, 2015, Board Member of Société d’Édition de Canal Plus until July 7, 2015 and Board Member of Hispasat S.A (Spain) until April 18, 2018. He has been a Director of Societe d'Edition de Canal Plus S.A. since December 9, 2003. He serves as a Director of Médiamétrie SA and Nc Numericable Holding. Mr. Belmer graduated from the Hautes Etudes Commerciales (HEC) business school in Paris in 1992.

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

Average tenure and age of the Eutelsat Communications management team in years:

3.8
Average Tenure
51.5
Average Age
  • The tenure for the Eutelsat Communications management team is about average.
Management Team

Rodolphe Belmer

TITLE
CEO & Director
COMPENSATION
€2M
AGE
50
TENURE
3.8 yrs

Yohann Leroy

TITLE
Deputy CEO & CTO
COMPENSATION
€475K
AGE
41
TENURE
5.4 yrs

Michel Azibert

TITLE
Deputy Chief Executive Officer
COMPENSATION
€1M
AGE
64
TENURE
8.3 yrs

Sandrine Téran

TITLE
CFO & IT Officer
TENURE
2.9 yrs

Manuel Serrano

TITLE
Deputy Chief Technology Officer and Director of Operations

Joanna Darlington

TITLE
Head of Investor Relations

Marie-Sophie Ecuer

TITLE
Corporate Communications Director
TENURE
1.9 yrs

Antoine Mingalon

TITLE
Chief Human Resources Officer
AGE
53
TENURE
2.9 yrs

Jakub Brzeczkowski

TITLE
President of Eutelsat Poland

Markus Fritz

TITLE
Executive Vice President of Commercial Development & Strategic Partnerships
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the Eutelsat Communications board of directors in years:

2.6
Average Tenure
58
Average Age
  • The average tenure for the Eutelsat Communications board of directors is less than 3 years, this suggests a new board.
Board of Directors

Dominique D'Hinnin

TITLE
Independent Chairman of the Board
COMPENSATION
€228K
AGE
60
TENURE
2.1 yrs

Rodolphe Belmer

TITLE
CEO & Director
COMPENSATION
€2M
AGE
50
TENURE
3.1 yrs

Giuliano Berretta

TITLE
Chairman
COMPENSATION
€315K
AGE
79
TENURE
8.1 yrs

Ross McInnes

TITLE
Independent Director
COMPENSATION
€87K
AGE
65
TENURE
6.8 yrs

Ana María García Fau

TITLE
Independent Director
COMPENSATION
€75K
AGE
51
TENURE
4.1 yrs

Esther Gaide

TITLE
Independent Director
COMPENSATION
€71K
AGE
58
TENURE
2.1 yrs

Stéphanie Frachet

TITLE
Director
COMPENSATION
€54K
AGE
42
TENURE
8.8 yrs

Paul-François Fournier

TITLE
Director
COMPENSATION
€46K
AGE
51
TENURE
2.1 yrs

Didier Leroy

TITLE
Independent Director
COMPENSATION
€58K
AGE
62
TENURE
2.1 yrs

Piotr Dmochowski-Lipski

TITLE
Board Observer
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 Eutelsat Communications'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. Eutelsat Communications 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.

ETCM.Y News

Simply Wall St News

ETCM.Y Company Info

Description

Eutelsat Communications S.A., a private telecommunications satellite operator, engages in the design, establishment, operation, and maintenance of satellite telecommunications systems. The company offers broadcast and media services, including broadcasting services, such as video neighborhoods, dual reception, regional broadcasting, digital terrestrial television, and direct-to-home (DTH) services; high definition television and ultra-high definition services; smart services comprising connected television (TV), multiscreen delivery, and electronic program guide; and professional video services that include full-time or ad hoc capacity and services for broadcasting to homes equipped for DTH reception or connected to cable and IP networks. It also provides broadband services that include consumer and SOHO, and enterprise broadband services; corporate and carrier networks; mobility services for maritime and air access; and direct interconnection services for government. The company offers its services under the Eutelsat, HOTBIRD, KA-SAT, FRANSAT, Eutelsat Broadband, Tooway, IP Easy, and NewsSpotter brands. As of June 30, 2017, it operated 39 satellites in geostationary orbit that provided capacity to international telecommunications operators and broadcasting companies for television and radio broadcasting services, as well as for business telecommunications services, multimedia applications, and messaging and positioning services. The company serves broadcasters, video service providers, telecom operators, ISPs, and government agencies in France, Italy, the United Kingdom, other European countries, the Americas, the Middle-East, Africa, Asia, and internationally. Eutelsat Communications S.A. was founded in 1977 and is headquartered in Paris, France.

Details
Name: Eutelsat Communications S.A.
ETCM.Y
Exchange: OTCPK
Founded: 1977
€3,878,005,797
232,551,339
Website: http://www.eutelsat.com
Address: Eutelsat Communications S.A.
70, rue Balard,
Cedex 15,
Paris,
Ile-de-France, 75502,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ETL Common Stock Euronext Paris FR EUR 02. Dec 2005
OTCPK EUTL.F Common Stock Pink Sheets LLC US USD 02. Dec 2005
DB E3B Common Stock Deutsche Boerse AG DE EUR 02. Dec 2005
LSE 0JNI Common Stock London Stock Exchange GB EUR 02. Dec 2005
BMV ETL N Common Stock Bolsa Mexicana de Valores MX MXN 02. Dec 2005
ETLX E3B Common Stock Eurotlx IT EUR 02. Dec 2005
BATS-CHIXE ETLP Common Stock BATS 'Chi-X Europe' GB EUR 02. Dec 2005
OTCPK ETCM.Y SPONSORED ADR Pink Sheets LLC US USD 15. Nov 2011
Number of employees
Current staff
Staff numbers
1,001
Eutelsat Communications employees.
Industry
Cable and Satellite
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/12 00:52
End of day share price update: 2019/12/11 00:00
Last estimates confirmation: 2019/12/02
Last earnings filing: 2019/10/15
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


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.