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NOS SGPS (NOS.LS) Stock Fundamental Analysis

ELI:NOS - Euronext Lisbon - PTZON0AM0006 - Common Stock - Currency: EUR

3.695  -0.03 (-0.81%)

Fundamental Rating

5

NOS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 26 industry peers in the Diversified Telecommunication Services industry. NOS has an excellent profitability rating, but there are concerns on its financial health. NOS has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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8

1. Profitability

1.1 Basic Checks

NOS had positive earnings in the past year.
NOS had a positive operating cash flow in the past year.
NOS had positive earnings in each of the past 5 years.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

The Return On Assets of NOS (8.10%) is better than 96.15% of its industry peers.
NOS has a better Return On Equity (25.22%) than 96.15% of its industry peers.
With an excellent Return On Invested Capital value of 9.31%, NOS belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
NOS had an Average Return On Invested Capital over the past 3 years of 7.84%. This is in line with the industry average of 7.93%.
The 3 year average ROIC (7.84%) for NOS is below the current ROIC(9.31%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 8.1%
ROE 25.22%
ROIC 9.31%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

Looking at the Profit Margin, with a value of 16.05%, NOS belongs to the top of the industry, outperforming 88.46% of the companies in the same industry.
In the last couple of years the Profit Margin of NOS has grown nicely.
Looking at the Operating Margin, with a value of 15.90%, NOS is in the better half of the industry, outperforming 65.38% of the companies in the same industry.
NOS's Operating Margin has been stable in the last couple of years.
NOS's Gross Margin of 71.47% is fine compared to the rest of the industry. NOS outperforms 73.08% of its industry peers.
NOS's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 15.9%
PM (TTM) 16.05%
GM 71.47%
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 2015 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.
The number of shares outstanding for NOS remains at a similar level compared to 1 year ago.
Compared to 5 years ago, NOS has less shares outstanding
The debt/assets ratio for NOS has been reduced compared to a year ago.
NOS.LS Yearly Shares OutstandingNOS.LS Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

NOS has an Altman-Z score of 1.28. This is a bad value and indicates that NOS is not financially healthy and even has some risk of bankruptcy.
NOS has a Altman-Z score (1.28) which is comparable to the rest of the industry.
The Debt to FCF ratio of NOS is 3.47, which is a good value as it means it would take NOS, 3.47 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.47, NOS belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
NOS has a Debt/Equity ratio of 1.21. This is a high value indicating a heavy dependency on external financing.
NOS has a Debt to Equity ratio of 1.21. This is in the lower half of the industry: NOS underperforms 73.08% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 3.47
Altman-Z 1.28
ROIC/WACC1.48
WACC6.31%
NOS.LS Yearly LT Debt VS Equity VS FCFNOS.LS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.3 Liquidity

A Current Ratio of 0.67 indicates that NOS may have some problems paying its short term obligations.
NOS's Current ratio of 0.67 is on the low side compared to the rest of the industry. NOS is outperformed by 69.23% of its industry peers.
NOS has a Quick Ratio of 0.67. 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 has a worse Quick ratio (0.62) than 69.23% of its industry peers.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.62
NOS.LS Yearly Current Assets VS Current LiabilitesNOS.LS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 51.43% over the past year.
NOS shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.44% yearly.
NOS shows a small growth in Revenue. In the last year, the Revenue has grown by 6.19%.
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%40%
Revenue 1Y (TTM)6.19%
Revenue growth 3Y5.85%
Revenue growth 5Y3.07%
Sales Q2Q%8.13%

3.2 Future

Based on estimates for the next years, NOS will show a very negative growth in Earnings Per Share. The EPS will decrease by -14.69% on average per year.
NOS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.22% yearly.
EPS Next Y-41.95%
EPS Next 2Y-24.14%
EPS Next 3Y-14.79%
EPS Next 5Y-14.69%
Revenue Next Year2.54%
Revenue Next 2Y2.05%
Revenue Next 3Y1.4%
Revenue Next 5Y0.22%

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NOS.LS Yearly Revenue VS EstimatesNOS.LS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 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 2014 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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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 6.97, which indicates a rather cheap valuation of NOS.
Compared to the rest of the industry, the Price/Earnings ratio of NOS indicates a rather cheap valuation: NOS is cheaper than 92.31% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of NOS to the average of the S&P500 Index (28.79), we can say NOS is valued rather cheaply.
The Price/Forward Earnings ratio is 12.01, which indicates a correct valuation of NOS.
Based on the Price/Forward Earnings ratio, NOS is valued a bit cheaper than 69.23% of the companies in the same industry.
NOS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.38, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 6.97
Fwd PE 12.01
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

96.15% of the companies in the same industry are more expensive than NOS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 4.27
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 -14.79% in the coming years.
PEG (NY)N/A
PEG (5Y)0.48
EPS Next 2Y-24.14%
EPS Next 3Y-14.79%

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6

5. Dividend

5.1 Amount

NOS has a Yearly Dividend Yield of 9.40%, which is a nice return.
Compared to an average industry Dividend Yield of 4.80, NOS pays a better dividend. On top of this NOS pays more dividend than 96.15% of the companies listed in the same industry.
NOS's Dividend Yield is rather good when compared to the S&P500 average which is at 2.47.
Industry RankSector Rank
Dividend Yield 9.4%

5.2 History

The dividend of NOS decreases each year by -0.01%.
Dividend Growth(5Y)-0.01%
Div Incr Years1
Div Non Decr Years4
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

65.73% of the earnings are spent on dividend by NOS. 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.
DP65.73%
EPS Next 2Y-24.14%
EPS Next 3Y-14.79%
NOS.LS Yearly Income VS Free CF VS DividendNOS.LS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 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

ELI:NOS (4/25/2025, 7:00:00 PM)

3.695

-0.03 (-0.81%)

Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupTelecommunication Services
GICS IndustryDiversified Telecommunication Services
Earnings (Last)02-26 2025-02-26/amc
Earnings (Next)05-06 2025-05-06
Inst Owners16.07%
Inst Owner ChangeN/A
Ins Owners0.27%
Ins Owner ChangeN/A
Market Cap1.90B
Analysts67.37
Price Target4.04 (9.34%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 9.4%
Yearly Dividend0.35
Dividend Growth(5Y)-0.01%
DP65.73%
Div Incr Years1
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)1338.25%
Min EPS beat(2)4.22%
Max EPS beat(2)2672.28%
EPS beat(4)4
Avg EPS beat(4)721.67%
Min EPS beat(4)4.22%
Max EPS beat(4)2672.28%
EPS beat(8)6
Avg EPS beat(8)382.25%
EPS beat(12)9
Avg EPS beat(12)309.49%
EPS beat(16)12
Avg EPS beat(16)239.43%
Revenue beat(2)2
Avg Revenue beat(2)1.39%
Min Revenue beat(2)1.08%
Max Revenue beat(2)1.7%
Revenue beat(4)3
Avg Revenue beat(4)0.87%
Min Revenue beat(4)-0.08%
Max Revenue beat(4)1.7%
Revenue beat(8)5
Avg Revenue beat(8)0.07%
Revenue beat(12)8
Avg Revenue beat(12)0.42%
Revenue beat(16)10
Avg Revenue beat(16)0.6%
PT rev (1m)1.3%
PT rev (3m)-0.79%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.18%
EPS NY rev (3m)1.09%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)1.82%
Revenue NY rev (3m)1.76%
Valuation
Industry RankSector Rank
PE 6.97
Fwd PE 12.01
P/S 1.12
P/FCF 4.27
P/OCF 2.11
P/B 1.76
P/tB N/A
EV/EBITDA N/A
EPS(TTM)0.53
EY14.34%
EPS(NY)0.31
Fwd EY8.33%
FCF(TTM)0.86
FCFY23.41%
OCF(TTM)1.75
OCFY47.46%
SpS3.29
BVpS2.1
TBVpS-0.13
PEG (NY)N/A
PEG (5Y)0.48
Profitability
Industry RankSector Rank
ROA 8.1%
ROE 25.22%
ROCE 10.51%
ROIC 9.31%
ROICexc 9.34%
ROICexgc 16.91%
OM 15.9%
PM (TTM) 16.05%
GM 71.47%
FCFM 26.27%
ROA(3y)6.6%
ROA(5y)5.43%
ROE(3y)21.67%
ROE(5y)17.95%
ROIC(3y)7.84%
ROIC(5y)7.63%
ROICexc(3y)7.88%
ROICexc(5y)7.76%
ROICexgc(3y)14.7%
ROICexgc(5y)14.69%
ROCE(3y)8.86%
ROCE(5y)8.63%
ROICexcg growth 3Y2.8%
ROICexcg growth 5Y3.18%
ROICexc growth 3Y7.04%
ROICexc growth 5Y2.64%
OM growth 3Y3.9%
OM growth 5Y1.36%
PM growth 3Y16.78%
PM growth 5Y10.28%
GM growth 3Y2.11%
GM growth 5Y0.6%
F-Score7
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 1.21
Debt/FCF 3.47
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales 26.99%
Interest Coverage 250
Cash Conversion N/A
Profit Quality 163.66%
Current Ratio 0.67
Quick Ratio 0.62
Altman-Z 1.28
F-Score7
WACC6.31%
ROIC/WACC1.48
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)28.72%
Cap/Sales(5y)33.66%
Profit Quality(3y)131.24%
Profit Quality(5y)127.18%
High Growth Momentum
Growth
EPS 1Y (TTM)51.43%
EPS 3Y23.41%
EPS 5Y14.44%
EPS Q2Q%40%
EPS Next Y-41.95%
EPS Next 2Y-24.14%
EPS Next 3Y-14.79%
EPS Next 5Y-14.69%
Revenue 1Y (TTM)6.19%
Revenue growth 3Y5.85%
Revenue growth 5Y3.07%
Sales Q2Q%8.13%
Revenue Next Year2.54%
Revenue Next 2Y2.05%
Revenue Next 3Y1.4%
Revenue Next 5Y0.22%
EBIT growth 1Y12.03%
EBIT growth 3Y9.97%
EBIT growth 5Y4.47%
EBIT Next Year144.49%
EBIT Next 3Y34.96%
EBIT Next 5Y24.73%
FCF growth 1Y60.16%
FCF growth 3Y149.07%
FCF growth 5Y14.29%
OCF growth 1Y23.97%
OCF growth 3Y8.56%
OCF growth 5Y6.27%