Ukrtelecom

Ukrtelecom (UTLM) is Ukraine’s largest fixed-line telecom operator with close to 6 million fixed-line customers (68% of Ukraine’s total), accounting for almost half of total domestic fixed-line sales (local, long-distance and international). Its cable network of 214,498 km includes 42,764 km of fiber-optic lines. UTLM also owns a 100% stake in 3G cellular operator TriMob.

Shareholders Structure

SUMMARY

Market Price ($)	0.006
Market Cap ($m)	107
Enterprise Value ($m)	152
Shares Outstanding	18,726,248,000
Code	UTLM

Recommendations

FV ($)	****
Upside (%)	****
Recommendation	****

Indicator	2016	2017	2018	2019E	2020F
Sales ($m)	248	230	***	***	***
EBITDA ($m)	62	74	***	***	***
Net Income ($m)	29	33	***	***	***
Net Debt ($m)	29	55	***	***	***

Indicator	2016	2017	2018	2019E	2020F
P/E	3.76	3.30	***	***	***
P/Sales	0.43	0.47	***	***	***
EV/EBITDA	2.2	2.2	***	***	***
P/Book	0.31	0.31	***	***	***

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Latest news about Ukrtelecom

Oct 31, 2019

| TMT

Ukrtelecom — Reports mixed 9M19 financials

Ukrtelecom (UTLM), Ukraine’s largest fixed-line telecom operator, reported 9M19 net sales of UAH 4.4bn, down 2% y-o-y and virtually unchanged y-o-y in USD terms at $167m. EBITDA totaled UAH 1.3bn, flat y-o-y and +2% y-o-y to $51m in USD. Net income shrank by 5% y-o-y to UAH 428m (-3% y-o-y to $16m). As a result, the EBITDA margin improved to 30.3% (+0.7pp y-o-y), while the net margin dipped to 9.7% (-0.3pp).

Oct 03, 2019

| TMT

Ukrtelecom — Current and former owners settle dispute

SCM, which owns a 92.79% stake in Ukrtelecom through ESU, and Raga Establishment (formerly Epic Telecom Invest) reported an amicable settlement of their dispute over a 2013 deal to sell Ukrtelecom, agreeing to discontinue reciprocal lawsuits and other proceedings between Raga and SCM.

Frontmen Agency