Loading…
Argentina's leading integrated telecom operator providing mobile, broadband, cable TV and fixed-line services.
Argentina's leading integrated telecom operator providing mobile, broadband, cable TV and fixed-line services.
Charges monthly subscriptions for mobile, home broadband and pay-TV, selling them bundled. Cable and broadband came from the 2018 merger with Cablevision, whose Flow brand now sells the bundles. Its bills are in pesos while part of its costs and debt are in dollars, so inflation and the exchange rate shape results.
In one line: Argentina's largest telecom/cable operator.
Moat: narrow (scale, installed base). Largest converged telecom/cable network in Argentina.
Headquarters: Buenos Aires, Argentina · Founded: 1990 · Employees: 18,690
Size Telecom Argentina SA Sponsored ADR (TEO) is a United States Communication Services company (Major Telecommunications) with a market value of $4.87B, the 1201st largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.97 on 6 Nov 2026.
Performance Over six months the shares fell 15.7%, against -5.5% for the median peer and -1.1% for the United States market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 33.2% over the last twelve months (peer median +1.9%); the operating margin is 9.4% (peer median 9.6%).
Valuation It trades at 12.8× forward earnings against a peer median of 16.8× (5th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.5 points below its cost of capital (9.1% WACC).
Short interest Short interest is 0.2% of the free float (15 Oct 2026).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.92B | $6.39B | $4.33B | $6.73B | $5.58B |
| Revenue growth | — | +47% | -36% | +21% | — |
| Gross profit | $2.07B | $1.51B | $581M | $738M | $1.21B |
| EBITDA | $2.30B | $2.08B | $1.27B | $2.04B | $1.55B |
| Net income | $505M | -$137M | $1.11B | -$875M | -$1.59B |
| Free cash flow | $708M | $415M | $152M | $585M | $391M |
| Capital expenditure | $1.59B | $1.20B | $431M | $1.57B | $937M |
| Total debt | $3.79B | $2.97B | $2.51B | $2.39B | $2.36B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Telecom Argentina SA Sponsored ADR TEO | $4.87B | -16% | +33% | 9% | 12.8× | 4.1% |
| America Movil SAB de CV Sponsored ADR AMX | $78.5B | -5% | +16% | 22% | 13.5× | -7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TEO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.1% | +2.8% | 3rd lowest of 21 |
| 6-month return | -15.7% | -5.5% | 7th lowest of 21 |
| Distance from 52-week high | -39.0% | -18.7% | 4th lowest of 21 |
| Revenue growth (TTM) | +33.2% | +1.9% | 2nd highest of 21 |
| Operating margin | 9.4% | 9.6% | 10th lowest of 21 |
| Forward P/E | 12.8× | 16.8× | 5th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 4.1% | 0.5% | 5th most demanding of 17 |
| Growth delivered (Del g) | +8.4% | +2.8% | 3rd highest of 17 |
| Hurdle (Req g minus delivered) | -4.3 pp | -4.6 pp | 8th most demanding of 17 |
| ROIC minus cost of capital | -3.5 pp | +0.1 pp | 6th lowest of 20 |
| EV / EBITDA | 3.5× | 8.9× | cheapest of 18 |
| Net debt / EBITDA | 1.4× | 2.9× | 5th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Telecom Argentina SA Sponsored ADR TEO | United States | $4.87B | -16% | +33% | 9% | 12.8× | 4.1% | +8.4% |
| PCCW 0008.HK | Hong Kong | $5.04B | -17% | +7% | 13% | 46.4× | 1.2% | +2.3% |
| Tata Communications TATACOMM.NS | India | $5.15B | +7% | +9% | 8% | 30.9× | 34.1% | +7.7% |
| LG Uplus 032640.KS | South Korea | $5.17B | +6% | 0% | 7% | 9.8× | -17.5% | +2.9% |
| United Internet UTDI.DE | Germany | $5.17B | -9% | -8% | 9% | 15.5× | 1.4% | +2.7% |
| Lumen Technologies LUMN | United States | $4.12B | -59% | -8% | -3% | n/a | 5.1% | -9.7% |
| Internet Initiative Japan 3774.T | Japan | $4.05B | +30% | +14% | 9% | 25.3× | 2.3% | +10.2% |
| Liberty Global LBTYA | United States | $3.28B | -19% | -27% | -1% | n/a | n/a | n/a |
| NetLink NBN Trust CJLU.SI | Singapore | $2.87B | -7% | 0% | 22% | 44.5× | 16.0% | +2.3% |
| ITI ITI.NS | India | $2.53B | -18% | -41% | -1% | n/a | n/a | n/a |
| KT 030200.KS | South Korea | $9.46B | -12% | +9% | 7% | 9.0× | -4.1% | +3.4% |
| Eutelsat Communications ETL.PA | France | $2.40B | -40% | -1% | -6% | n/a | n/a | n/a |
| IDT IDT | United States | $2.18B | +54% | +5% | 9% | 19.5× | 5.7% | -2.2% |
| Tele2 TEL2-A.ST | Sweden | $11.2B | -14% | +2% | 24% | 10.7× | -2.4% | +2.4% |
| HKT Trust and HKT 6823.HK | Hong Kong | $11.9B | -2% | +7% | 22% | 16.8× | -3.1% | +2.4% |
| Quebecor QBR-B.TO | Canada | $12.3B | +36% | +3% | 27% | 16.8× | 0.4% | +5.6% |
| Liberty Latin America LILA | United States | $1.73B | +72% | +1% | 17% | n/a | 0.5% | +3.4% |
| Guangdong South New Media 300770.SZ | China | $1.37B | +7% | -6% | 37% | 13.8× | -1.5% | +5.9% |
| Gamma Communications GAMA.L | United Kingdom | $1.32B | +23% | +7% | 15% | 11.9× | -0.4% | +10.4% |
| Royal KPN KPN.AS | Netherlands | $18.6B | -4% | +2% | 24% | 18.2× | -2.5% | +1.9% |
| Uniti UNIT | United States | $1.27B | -54% | +200% | 10% | n/a | n/a | n/a |