NOS SGPS (NOS.LS) Stock Fundamental Analysis

Europe • Euronext Lisbon • ELI:NOS • PTZON0AM0006

4.385 EUR
0 (-0.11%)
Last: Jan 30, 2026, 07:00 PM
Fundamental Rating

5

Overall NOS gets a fundamental rating of 5 out of 10. We evaluated NOS against 35 industry peers in the Diversified Telecommunication Services industry. NOS scores excellent on profitability, but there are concerns on its financial health. NOS is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • NOS had positive earnings in the past year.
  • In the past year NOS had a positive cash flow from operations.
  • Each year in the past 5 years NOS has been profitable.
  • NOS had a positive operating cash flow in each of the past 5 years.
NOS.LS Yearly Net Income VS EBIT VS OCF VS FCFNOS.LS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

  • The Return On Assets of NOS (7.14%) is better than 88.57% of its industry peers.
  • NOS has a Return On Equity of 24.06%. This is amongst the best in the industry. NOS outperforms 91.43% of its industry peers.
  • NOS's Return On Invested Capital of 10.18% is amongst the best of the industry. NOS outperforms 88.57% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for NOS is in line with the industry average of 8.42%.
  • The last Return On Invested Capital (10.18%) for NOS is above the 3 year average (7.84%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.14%
ROE 24.06%
ROIC 10.18%
ROA(3y)6.6%
ROA(5y)5.43%
ROE(3y)21.67%
ROE(5y)17.95%
ROIC(3y)7.84%
ROIC(5y)7.63%
NOS.LS Yearly ROA, ROE, ROICNOS.LS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • With a decent Profit Margin value of 14.18%, NOS is doing good in the industry, outperforming 74.29% of the companies in the same industry.
  • NOS's Profit Margin has improved in the last couple of years.
  • NOS has a Operating Margin of 16.79%. This is comparable to the rest of the industry: NOS outperforms 60.00% of its industry peers.
  • In the last couple of years the Operating Margin of NOS has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 71.16%, NOS is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • NOS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 16.79%
PM (TTM) 14.18%
GM 71.16%
OM growth 3Y3.9%
OM growth 5Y1.36%
PM growth 3Y16.78%
PM growth 5Y10.28%
GM growth 3Y2.11%
GM growth 5Y0.6%
NOS.LS Yearly Profit, Operating, Gross MarginsNOS.LS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NOS is creating some value.
  • NOS has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for NOS has been reduced compared to 5 years ago.
  • NOS has a better debt/assets ratio than last year.
NOS.LS Yearly Shares OutstandingNOS.LS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
NOS.LS Yearly Total Debt VS Total AssetsNOS.LS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 1.52, we must say that NOS is in the distress zone and has some risk of bankruptcy.
  • NOS has a Altman-Z score of 1.52. This is in the better half of the industry: NOS outperforms 74.29% of its industry peers.
  • The Debt to FCF ratio of NOS is 4.88, which is a neutral value as it means it would take NOS, 4.88 years of fcf income to pay off all of its debts.
  • NOS has a better Debt to FCF ratio (4.88) than 85.71% of its industry peers.
  • NOS has a Debt/Equity ratio of 1.30. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of NOS (1.30) is worse than 68.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.3
Debt/FCF 4.88
Altman-Z 1.52
ROIC/WACC1.6
WACC6.36%
NOS.LS Yearly LT Debt VS Equity VS FCFNOS.LS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.3 Liquidity

  • NOS has a Current Ratio of 0.61. This is a bad value and indicates that NOS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • NOS's Current ratio of 0.61 is on the low side compared to the rest of the industry. NOS is outperformed by 80.00% of its industry peers.
  • A Quick Ratio of 0.57 indicates that NOS may have some problems paying its short term obligations.
  • NOS's Quick ratio of 0.57 is on the low side compared to the rest of the industry. NOS is outperformed by 82.86% of its industry peers.
Industry RankSector Rank
Current Ratio 0.61
Quick Ratio 0.57
NOS.LS Yearly Current Assets VS Current LiabilitesNOS.LS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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4

3. Growth

3.1 Past

  • NOS shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.43%, which is quite impressive.
  • NOS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.44% yearly.
  • The Revenue has been growing slightly by 7.36% in the past year.
  • The Revenue has been growing slightly by 3.07% on average over the past years.
EPS 1Y (TTM)51.43%
EPS 3Y23.41%
EPS 5Y14.44%
EPS Q2Q%30%
Revenue 1Y (TTM)7.36%
Revenue growth 3Y5.85%
Revenue growth 5Y3.07%
Sales Q2Q%5.69%

3.2 Future

  • NOS is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.66% yearly.
  • The Revenue is expected to grow by 3.57% on average over the next years.
EPS Next Y-25.2%
EPS Next 2Y-15.04%
EPS Next 3Y-9.99%
EPS Next 5Y-7.66%
Revenue Next Year8.39%
Revenue Next 2Y4.79%
Revenue Next 3Y3.43%
Revenue Next 5Y3.57%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
NOS.LS Yearly Revenue VS EstimatesNOS.LS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
NOS.LS Yearly EPS VS EstimatesNOS.LS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.1 0.2 0.3 0.4 0.5

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4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.27, the valuation of NOS can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of NOS indicates a rather cheap valuation: NOS is cheaper than 91.43% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.30, NOS is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 11.46, the valuation of NOS can be described as very reasonable.
  • 68.57% of the companies in the same industry are more expensive than NOS, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 25.57. NOS is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.27
Fwd PE 11.46
NOS.LS Price Earnings VS Forward Price EarningsNOS.LS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Price/Free Cash Flow ratio, NOS is valued cheaper than 85.71% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.36
EV/EBITDA N/A
NOS.LS Per share dataNOS.LS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3

4.3 Compensation for Growth

  • The excellent profitability rating of NOS may justify a higher PE ratio.
  • A cheap valuation may be justified as NOS's earnings are expected to decrease with -9.99% in the coming years.
PEG (NY)N/A
PEG (5Y)0.57
EPS Next 2Y-15.04%
EPS Next 3Y-9.99%

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6

5. Dividend

5.1 Amount

  • NOS has a Yearly Dividend Yield of 8.11%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.26, NOS pays a better dividend. On top of this NOS pays more dividend than 100.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, NOS pays a better dividend.
Industry RankSector Rank
Dividend Yield 8.11%

5.2 History

  • The dividend of NOS decreases each year by -0.01%.
Dividend Growth(5Y)-0.01%
Div Incr Years1
Div Non Decr Years5
NOS.LS Yearly Dividends per shareNOS.LS Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3

5.3 Sustainability

  • NOS pays out 80.98% of its income as dividend. This is not a sustainable payout ratio.
  • The Dividend Rate of NOS has been decling, while earnings will also be declining. This means the current dividend is most likely not sustainable.
DP80.98%
EPS Next 2Y-15.04%
EPS Next 3Y-9.99%
NOS.LS Yearly Income VS Free CF VS DividendNOS.LS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
NOS.LS Dividend Payout.NOS.LS Dividend Payout, showing the Payout Ratio.NOS.LS Dividend Payout.PayoutRetained Earnings

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NOS SGPS / NOS.LS FAQ

What is the ChartMill fundamental rating of NOS SGPS (NOS.LS) stock?

ChartMill assigns a fundamental rating of 5 / 10 to NOS.LS.


Can you provide the valuation status for NOS SGPS?

ChartMill assigns a valuation rating of 6 / 10 to NOS SGPS (NOS.LS). This can be considered as Fairly Valued.


Can you provide the profitability details for NOS SGPS?

NOS SGPS (NOS.LS) has a profitability rating of 8 / 10.


Can you provide the expected EPS growth for NOS stock?

The Earnings per Share (EPS) of NOS SGPS (NOS.LS) is expected to decline by -25.2% in the next year.


How sustainable is the dividend of NOS SGPS (NOS.LS) stock?

The dividend rating of NOS SGPS (NOS.LS) is 6 / 10 and the dividend payout ratio is 80.98%.