Liberty Global Ltd (LBTYB) vs Turkcell Iletisim Hizmetleri AS (TKC)

Liberty Global Ltd and Turkcell Iletisim Hizmetleri AS are both Telecom Services companies. Liberty Global Ltd is the larger, with a market value of $7.1B against $4.5B — 1.6× the size. Liberty Global Ltd has negative trailing earnings, so its P/E is not meaningful; Turkcell Iletisim Hizmetleri AS trades at 10.6×. Turkcell Iletisim Hizmetleri AS grew revenue faster over the last twelve months: 15.5% against 5.43%. Turkcell Iletisim Hizmetleri AS has the higher net margin (7.21% vs −62.1%) and the higher return on invested capital (7.40% vs −0.35%). Across the 20 metrics below, Turkcell Iletisim Hizmetleri AS leads on 15 and Liberty Global Ltd on 5.

Valuation

Metric LBTYB TKC Telecom Services median
P/E n/m 10.55 13.27
P/S 0.86 0.68 0.95
P/B 0.45 0.66 1.47
Price to free cash flow 9.97 n/m 8.72
EV/EBITDA 9.90 2.69 6.85
EV/Sales 2.08 1.11 1.87
Earnings yield (71.96%) 9.48% 1.66%
Free cash flow yield 10.03% (3.85%) 5.53%

Profitability

Metric LBTYB TKC Telecom Services median
Gross margin 48.78% 27.44% 51.26%
Operating margin (1.78%) 14.60% 7.62%
Net margin (62.14%) 7.21% 4.22%
Free cash flow margin 8.66% (2.63%) 4.73%
Return on equity (26.78%) 7.61% 5.80%
Return on assets (12.46%) 3.61% 0.00%
Return on invested capital (0.35%) 7.40% 3.41%

Growth

Metric LBTYB TKC Telecom Services median
Revenue growth (TTM) 5.43% 15.54% 3.31%
EPS growth (last fiscal year) (593.14%) (37.80%) —
Revenue growth, 5-year CAGR (15.83%) 7.97% 1.50%
Net income growth, 5-year CAGR 0.00% (5.97%) 0.00%

Health

Metric LBTYB TKC Telecom Services median
Debt to equity 0.88 0.57 0.63
Current ratio 1.28 1.49 1.13
Net debt to EBITDA 6.04 0.15 1.86

Dividend

Metric LBTYB TKC Telecom Services median
Dividend yield — 3.93% 4.06%
Payout ratio 0.00 0.17 0.00

Size

Metric LBTYB TKC Telecom Services median
Market cap 7.08b 4.46b 3.06b

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