Telecommunication Services

The industry group, Telecommunication Services, contains the industries:

and has the constituents:

Comparative Analysis

Income Statement

($'M) 2020 2021 $ Change % Change
Revenue 26,161.0 23,132.0 -3,029.0 -11.6
Less: Cost of Goods Sold -13,165.0 -12,330.0 835.0 -6.3
Gross Profit 39,326.0 35,462.0 -3,864.0 -9.8
Less: Operating Costs -9,429.0 -7,810.0 1,619.0 -17.2
Operating Profit 48,755.0 43,272.0 -5,483.0 -11.2
Less: Financing Costs -771.0 -551.0 220.0 -28.5
Earnings Before Tax 49,526.0 43,823.0 -5,703.0 -11.5
Less: Income Tax -957.0 -539.0 418.0 -43.7
Net Profit 50,483.0 44,362.0 -6,121.0 -12.1

Balance Sheet

($'M) 2020 2021 $ Change % Change
Current Assets 6,534.0 7,114.0 580.0 8.9
Non Current Assets 37,869.0 35,411.0 -2,458.0 -6.5
Assets 44,403.0 42,525.0 -1,878.0 -4.2
Current Liabilities 10,094.0 10,424.0 330.0 3.3
Non Current Liabilities 19,162.0 16,826.0 -2,336.0 -12.2
Liabilities 29,256.0 27,250.0 -2,006.0 -6.9
Equity 15,147.0 15,275.0 128.0 0.8

Cash Flow Statement

($'M) 2020 2021 $ Change % Change
Cash Flow from Operating Activities 7,010.0 7,231.0 221.0 3.2
Cash Flow from Financing Activities -4,138.0 -4,236.0 -98.0 2.4
Cash Flow from Investing Activities -2,976.0 -2,344.0 632.0 -21.2
Net Cash Flow -104.0 651.0 755.0 -726.0
Foreign Exchange Fluctuations -1.0 -25.0 -24.0 2,400.0
Cash at the Beginning of the Period 604.0 499.0 -105.0 -17.4
Cash at the End of the Period 499.0 1,125.0 626.0 125.5

Ratio Analysis

Profitability

2020 2021 Change
Gross Profit Margin 150.3% 153.3% 3.0%
Operating Profit Margin 186.4% 187.1% 0.7%
Net Profit Margin 193.0% 191.8% -1.2%

Management Effectiveness

2020 2021 Change
Return on Assets 113.7% 104.3% -9.4%
Return on Equity 333.3% 290.4% -42.9%
Current Ratio 0.6 0.7 0.0
Debt to Equity Ratio 1.9 1.8 -0.1

Valuation

2020 2021 Change  
Share Price ($) 3.13 3.76 0.63 20.1%
Ordinary Shares 11,893,297,855 11,893,297,855 0 0.0%
Market Capitalisation ($) 37,226,022,286 44,718,799,935 7,492,777,649 20.1%
Revenue per Share ($) 2.20 1.94 -0.25 -11.6%
Earnings per Share ($) 4.24 3.73 -0.51 -12.1%
Equity per Share ($) 1.27 1.28 0.01 0.8%
Dividends per Share ($) 0.16 0.16 0.00 -0.1%
Dividend Yield 5.1% 4.3% -0.9%  
Price to Sales Ratio 1.4 1.9 0.5 35.9%
Price to Earnings Ratio 0.7 1.0 0.3 36.7%
Price to Book Ratio 2.5 2.9 0.5 19.1%