Thursday 29 October 2026 Export TEO’s income statement to Excel — free account

Telecom Argentina Stet - France Telecom S.A.

TEO Communication Services Telecom Services

Telecom Argentina Stet - France Telecom S.A.’s revenue for fiscal 2025 (year ended December 2025) was $6.7 billion, up 46.4% from fiscal 2024. In the quarter to June 2026, revenue grew 4.09%, EPS grew 182.4%, free cash flow grew 51.1% and total debt fell 1.32%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

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Market cap: $1.4B
P/E: 9.1×
Fwd P/E: —
Dividend yield: 0.00%
F-score: 5/9
Altman Z: 0.82
Beneish M: −2.57
Dividend safety: 37/100

Overview Business Profile Financial Analysis

Insider Decisions trades per month

Total buys 0.54

Total sells 0.52

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	1
Sell	—	—	—	—	—	—	—	—	—	1	—	—

Insider Ownership 80.04%

Capital & Financial Ratios $m

Market Cap 1,390.00

Revenue 7,156.73

Net Income 560.08

Free Cash Flow 950.20

Net Debt 3,252.71

Current Ratio 0.58

Debt/Equity 0.63

P/E ratio 9.06

Fwd P/E —

P/S ratio 0.67

P/B ratio 0.76

Past 5Y EPS Growth —

This Y EPS Growth 699.05%

Next Y EPS Growth (43.70%)

Next Y revenue growth —

Next 5Y EPS Growth (29.80%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 10.40%

10-year low 10-year high

P/S against its own 10 years 39.91%

10-year low 10-year high

P/B against its own 10 years 48.88%

10-year low 10-year high

EV/Sales against its own 10 years 45.06%

10-year low 10-year high

EV/FCF against its own 10 years 32.20%

10-year low 10-year high

Dividends

Payout Ratio 0.00

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2024	0.20	0.20
2023	0.21	0.21
2022	0.27	0.27
2021	0.40	0.40
2019	0.33	0.33 0.29 0.70
2018	2.30	1.51 0.79
2017	1.14	1.14
2016	0.71	0.25 0.45

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,078	387	634	670
Receivables	673	375	767	716
Inventory	120	66	64	61
Other	—	—	—	—
	1,871	830	1,467	1,467

	2023	2024	2025	Q'26
Payables	1,356	489	887	761
ST’ Debt	2,141	1,180	1,293	775
Other	98	49	175	123
	4,206	2,154	3,071	2,542

Compound Annual Growth %

	10y	5y	3y
Sales	4.21%	9.24%	5.87%
Cash Flow	9.92%	5.81%	5.02%
Earnings	0.00%	0.00%	0.00%
Book Value	11.30%	0.23%	(3.71%)

Earnings Trends EPS, adjusted, against the consensus

Jun 2026 Estimate 0.35 Actual 0.36

−0.72 −0.22 0.28 0.77 1.27

Sep 2025 Beat +0.13

Dec 2025 Beat +0.04

Mar 2026 Beat +0.76

Jun 2026 Beat +0.01

Sep 2026 — Nov 9

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Sep 2025	−0.49	−0.36	Beat by 0.13
Dec 2025	0.15	0.19	Beat by 0.04
Mar 2026	0.28	1.04	Beat by 0.76
Jun 2026	0.35	0.36	Beat by 0.01
Sep 2026	0.32	—	Reports 9 November 2026

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.04	0.30	—	—	—
’25	0.20	(0.36)	(0.36)	0.24	(0.32)
’24	1.87	0.15	(0.04)	0.64	2.58
’23	0.34	0.04	0.23	(2.88)	(2.28)
’22	0.51	0.08	(3.49)	(0.62)	(3.80)
’21	0.23	(0.27)	0.06	0.19	0.21
’20	0.10	(0.03)	(0.11)	(0.13)	(0.19)

Fiscal quarters ending in the months shown.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1,650	1,791	—	—	—
’25	1,227	1,721	1,652	2,063	6,663
’24	821	942	1,081	1,708	4,551
’23	1,117	1,081	1,100	4,526	7,825
’22	1,103	1,079	1,097	2,336	5,615
’21	933	937	991	1,606	4,468
’20	1,023	962	918	1,379	4,283

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	536	663	—	—	—
’25	246	372	419	872	1,909
’24	205	156	165	366	893
’23	276	300	431	1,339	2,347
’22	345	298	323	681	1,648
’21	311	286	335	433	1,365
’20	263	437	284	455	1,439

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	210	209	—	—	—
’25	77	139	228	302	746
’24	120	37	115	194	466
’23	(42)	382	236	15	590
’22	132	141	129	306	708
’21	144	114	153	157	568
’20	78	288	149	153	668

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	14.03	17.83	13.31	8.53	6.22	4.39	3.72	4.08	5.52	6.43		(8.3%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	19.99	40.19	39.93	18.55	12.35	6.90	6.59	8.87	14.79	15.54		(2.8%)	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	15,970	15,396	25,343	23,728	23,254	22,587	21,729	21,262	19,987	27,818		+6.4%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.23	0.26	0.24	0.21	0.18	0.20	0.26	0.37	0.23	0.24		+0.6%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	3,610	3,945	5,966	4,906	4,283	4,468	5,615	7,825	4,551	6,663		+7.0%	—	—	—	—
	Gross margin, %	85.58	88.43	94.25	95.47	96.31	95.07	95.26	94.61	95.24	96.53		+11.0 pt	Powerpack Telecom Argentina Stet - France Telecom S.A.’s next three years, line by line See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	379	702	96	213	45	454	(1,788)	(2,234)	1,587	(153)		n/m
	EBT margin, %	10.50	17.80	1.61	4.34	1.04	10.17	(31.84)	(28.55)	34.86	(2.30)		(12.8) pt
	Net income	271	467	197	(80)	(72)	104	(1,583)	(949)	1,137	(116)		n/m
	Depreciation	420	418	1,172	1,216	1,167	1,410	1,919	2,676	1,444	1,639		+16.3%
Per share, $
Per share, $	Revenue	18.62	20.35	13.85	11.39	9.94	10.37	13.04	18.17	10.57	15.47		(2.0%)
	Earnings	1.39	2.39	0.44	(0.17)	(0.19)	0.21	(3.80)	(2.28)	2.58	(0.32)		n/m
	Cash flow	3.97	6.02	3.50	3.94	3.34	3.17	3.83	5.45	2.07	4.43		+1.2%
	Capex	(3.95)	(3.64)	(3.50)	(2.44)	(1.79)	(1.85)	(2.18)	(4.08)	(0.99)	(2.70)		(4.2%)
	Free cash flow	0.02	2.39	0.00	1.50	1.55	1.32	1.64	1.37	1.08	1.73		+68.6%
	Book value	6.94	7.44	18.87	14.89	12.82	13.41	14.53	19.81	14.13	12.97		+7.2%
	Shares, m	194	194	431	431	431	431	431	431	431	431		+9.3%
Valuation, ×
Valuation, ×	P/E	13.04	15.72	311.20	0.00	0.00	24.29	0.00	0.00	4.81	0.00		36.9
	P/S	0.97	1.83	1.12	1.00	0.66	0.49	0.40	0.39	1.19	0.75		0.9
	P/B	2.59	5.01	0.82	0.76	0.51	0.38	0.36	0.35	0.89	0.90		1.3
	EV/Sales	1.08	1.92	1.55	1.53	1.24	1.05	0.98	1.28	1.80	1.31		1.4
	EV/FCF	1,283.36	16.38	(5,413.47)	11.59	7.96	8.24	7.75	17.00	17.62	11.69		(403.2)
Cash, $m
Cash, $m	Operating cash flow	769	1,168	1,506	1,696	1,439	1,365	1,648	2,347	893	1,909		+10.6%
	Capex	(766)	(705)	(1,508)	(1,049)	(771)	(798)	(940)	(1,757)	(427)	(1,163)		+4.7%
	Free cash flow	3	463	(2)	647	668	568	708	590	466	746		+84.3%
Balance, $m
Balance, $m	Working capital	(64)	(226)	(709)	(729)	(750)	(1,055)	(1,350)	(2,334)	(1,324)	(1,604)		+43.0%
	Total debt	806	739	2,816	3,146	2,843	2,803	3,613	8,087	3,166	4,349		+20.6%
	Net debt	421	361	2,522	2,608	2,487	2,481	3,240	7,008	2,779	3,716		+27.4%
	Shareholders’ equity	1,346	1,442	8,126	6,414	5,522	5,775	6,257	8,533	6,088	5,587		+17.1%
Returns, %
Returns, %	ROA	7.25	13.71	2.25	(0.72)	(0.72)	0.83	(12.99)	(5.74)	6.78	(1.07)		(8.3) pt
	ROIC	18.79	25.35	4.43	2.27	2.25	(0.22)	(14.95)	(1.91)	(1.14)	2.42		(16.4) pt
	ROE	16.50	33.06	3.93	(1.25)	(1.36)	1.61	(26.60)	(13.24)	15.23	(2.33)		(18.8) pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
IDT IDT Corporation	$2.1B	23.5×	11.2×	+7.07% (above 0%: growing)	+30.36% (above 0%: growing)	+49.07% (above 0%: growing)	39.78%	9.80%	Compare
ATEX Anterix Inc.	$1.7B	25.2×	— (loss-making)	+38.08% (above 0%: growing)	−99.26% (below 0%: shrinking)	+33.94% (above 0%: growing)	100.00%	(12.56%)	Compare
LILA Liberty Latin America Ltd.	$1.6B	— (loss-making)	— (loss-making)	+1.46% (above 0%: growing)	n/m	+4,952.63% (above 0%: growing)	38.38%	16.43%	Compare
LILAK Liberty Global PLC	$1.6B	— (loss-making)	— (loss-making)	+2.14% (above 0%: growing)	n/m	+9.80% (above 0%: growing)	77.74%	16.85%	Compare
TEO Telecom Argentina Stet - France Telecom S.A.	$1.5B	9.1×	—	+4.09% (above 0%: growing)	n/m	+51.10% (above 0%: growing)	96.80%	14.01%
TV Grupo Televisa S.A.	$1.1B	— (loss-making)	— (loss-making)	+8.73% (above 0%: growing)	n/m	+17,441.71% (above 0%: growing)	38.75%	11.00%	Compare
SIFY Sify Technologies Limited	$888.0M	— (loss-making)	582×	+4.36% (above 0%: growing)	n/m	+32.06% (above 0%: growing)	39.59%	9.03%	Compare
GLIBA Liberty Capital Corporation	$853.2M	— (loss-making)	8.3×	0.00%	−54.02% (below 0%: shrinking)	−77.36% (below 0%: shrinking)	47.51%	11.11%	Compare
GLIBK GCI Liberty, Inc. - Series C GCI Group	$853.2M	— (loss-making)	—	0.00%	−54.02% (below 0%: shrinking)	−77.36% (below 0%: shrinking)	47.51%	11.11%	Compare
Median of peers	$1.3B	—	11.2×	+3.25%	−54.02%	+33.00%	43.65%	11.06%

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