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

NOS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 35 industry peers in the Diversified Telecommunication Services industry. While NOS has a great profitability rating, there are quite some 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.
  • 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

1.2 Ratios

  • NOS has a Return On Assets of 7.14%. This is amongst the best in the industry. NOS outperforms 88.57% of its industry peers.
  • Looking at the Return On Equity, with a value of 24.06%, NOS belongs to the top of the industry, outperforming 91.43% of the companies in the same industry.
  • NOS has a better Return On Invested Capital (10.18%) than 88.57% of its industry peers.
  • 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 8.46%.
  • The 3 year average ROIC (7.84%) for NOS is below the current ROIC(10.18%), indicating increased profibility in the last year.
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

  • NOS has a better Profit Margin (14.18%) than 74.29% of its industry peers.
  • NOS's Profit Margin has improved in the last couple of years.
  • NOS's Operating Margin of 16.79% is in line compared to the rest of the industry. NOS outperforms 60.00% of its industry peers.
  • NOS's Operating Margin has been stable in the last couple of years.
  • NOS has a better Gross Margin (71.16%) than 71.43% of its industry peers.
  • 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

  • NOS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, NOS has about the same amount of shares outstanding.
  • 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's Altman-Z score of 1.52 is fine compared to the rest of the industry. NOS outperforms 74.29% of its industry peers.
  • NOS has a debt to FCF ratio of 4.88. This is a neutral value as NOS would need 4.88 years to pay back of all of its debts.
  • NOS has a Debt to FCF ratio of 4.88. This is amongst the best in the industry. NOS outperforms 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.
  • NOS has a Debt to Equity ratio of 1.30. This is in the lower half of the industry: NOS underperforms 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 has a Current ratio of 0.61. This is amonst the worse of the industry: NOS underperforms 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 has a Quick ratio of 0.57. This is amonst the worse of the industry: NOS underperforms 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.
  • The Earnings Per Share has been growing by 14.44% on average over the past years. This is quite good.
  • Looking at the last year, NOS shows a small growth in Revenue. The Revenue has grown by 7.36% in the last year.
  • NOS shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.07% yearly.
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

  • Based on estimates for the next years, NOS will show a decrease in Earnings Per Share. The EPS will decrease by -7.66% on average per year.
  • NOS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.57% yearly.
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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

  • The Price/Earnings ratio is 8.27, which indicates a very decent valuation of NOS.
  • Based on the Price/Earnings ratio, NOS is valued cheaper than 91.43% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 28.32. NOS is valued rather cheaply when compared to this.
  • A Price/Forward Earnings ratio of 11.46 indicates a reasonable valuation of NOS.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NOS indicates a somewhat cheap valuation: NOS is cheaper than 71.43% of the companies listed in the same industry.
  • NOS is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.57, which is the current average of the S&P500 Index.
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

  • NOS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. NOS is cheaper than 88.57% 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.
  • NOS's earnings are expected to decrease with -9.99% in the coming years. This may justify a cheaper valuation.
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 7.97%, which is a nice return.
  • NOS's Dividend Yield is rather good when compared to the industry average which is at 3.19. NOS pays more dividend than 100.00% of the companies in the same industry.
  • NOS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.83.
Industry RankSector Rank
Dividend Yield 7.97%

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

  • 80.98% of the earnings are spent on dividend by NOS. This is not a sustainable payout ratio.
  • NOS's earnings and Dividend Rate are 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%.