PREMIUM!

Why Telkom is undervalued

Business Insight 2 months ago

The state’s plans for company have more sway over the group’s valuation.


16 Nov 2020
PREMIUM!
Why Telkom is undervalued

Telkom CEO Sipho Maseko pointed out something of the obvious at the group’s interim results presentation earlier this week: the telecoms group is undervalued. “It’s a core belief that we remain undervalued as a company,” Maseko said. With a price-earnings (PE) ratio of 12.67 and a forward PE of 6.59, at a share price of R33.01, it looks relatively cheap for a company that has done reasonably well in an economy that has been knocked by the Covid-19 crisis. In fact, under the circumstances, it has done more than well. It has superseded Cell C to become the third largest mobile operator...

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