Magyar Telekom Telecommunications Public Ltd Co MYTKY

Communication ServicesTelecommunications ServicesHungary

Last close 8.47 USD on Nov 1, 2026, −66.9% year to date

Quant rating

Quant rating D Rank 123 of 152 in Communication Services

Growth D 126 of 152
Valuation B 50 of 152
Quality C 76 of 152
Revisions D 125 of 152
Momentum C 64 of 152

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 7.7B
Enterprise value: 8.5B
52-week range: 5.22 – 29.53
3-year range: 5.22 – 29.60
Dividend yield: 5.86%
Beta (5 years): 0.67
Shares outstanding: 895M
Next earnings: –

About the company

Magyar Telekom Tavkozlesi Nyrt is engaged in providing fixed line and mobile telecommunication services for public and business customers. The Company's segments include Telekom Hungary, T-Systems, Macedonia and Montenegro. Its Telekom Hungary segment operates in Hungary providing mobile and fixed line telecommunications and television distribution and energy retail services to residential and small businesses customers under the Telekom (T) brand, and also provides wholesale services to local companies and operators. Its T-Systems segment operates in Hungary providing mobile and fixed line telecommunications, info communications and system integration services, which are offered under the T-Systems brand to business partners, including corporate customers and public sector. Its Macedonia and Montenegro segments provide mobile and fixed line telecommunications operations in Macedonia and Montenegro.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2010	2009	2008	2007	2006	5Y avg
Revenue (mil)	3,008	2,435	2,449	2,001	2,135	–
Revenue growth	23.5%	−0.6%	22.4%	−6.3%	−5.8%	5.8%
EPS (basic, normalized)	–	1.98	2.63	1.58	1.90	–
EPS growth	–	−24.6%	66.5%	−16.8%	–	–
Gross margin	55.9%	55.2%	51.5%	50.7%	50.8%	52.8%
Net margin	21.2%	16.3%	9.3%	8.4%	8.5%	12.7%
ROE	24.3%	20.4%	11.2%	9.4%	9.3%	14.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	77.9
Current ratio	1.09x
Long-term debt (mil)	633
Net debt (mil)	881
Total equity (mil)	2,639
Net debt / equity	0.33x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2010 actual	3,008	+23.5%	2.8x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2011	–	–	–	–	–	–	–	–
2012	–	–	–	–	–	–	–	–
2013	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Telecommunications Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
MYTKY Magyar Telekom Telecommunications Public Ltd Co	7.7B	–	21.2%	2.94x	–	–	–	–
ORAN Orange SA	43.0B	–	1.2%	1.21x	10.7x	13.2x	5.7x	5.4x
CHT Chunghwa Telecom Co Ltd	38.1B	−0.30x	16.4%	3.38x	56.3x	55.6x	13.5x	12.8x
BT BT Group PLC	30.3B	–	5.5%	1.80x	12.4x	11.8x	5.3x	5.3x
TEF Telefonica SA	21.4B	–	−6.6%	1.29x	10.8x	8.5x	5.0x	4.8x
CLLNY Cellnex Telecom S.a	19.3B	6.58x	−8.2%	1.48x	−76.2x	724.0x	14.4x	13.5x
Mean		3.14x	4.9%	2.02x	2.8x	162.6x	8.8x	8.4x
Median		3.14x	3.4%	1.64x	10.8x	13.2x	5.7x	5.4x

Technical analysis

1M+7.2%
3M−2.3%
1Y−66.9%
3Y+25.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Magyar Telekom Telecommunications Public Ltd Co, fiscal years, most recent first
	2010	2009	2008	2007	2006	2005
Total revenue	3,008	2,435	2,449	2,001	2,135	2,268
Cost of revenue	1,325	1,092	1,189	986	1,050	1,139
Gross profit	1,683	1,343	1,260	1,015	1,085	1,129
Selling, general & administrative expenses	360	377	379	318	284	319
Research & development	–	–	–	–	–	–
Depreciation/amortization	438	352	401	372	456	475
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	30.9	33.6	39.8	14.3	31.6	25.5
Other operating expenses	14.1	18.2	13.7	18.1	27.2	22.7
Operating income	839	562	427	293	286	286
Net interest income (expense)	−41.0	−52.7	−109	−49.8	−24.1	−134
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−22.9	−20.9	−18.3	−16.6	−18.1	53.1
Net income before taxes	775	489	300	226	244	205
Provision for taxes	116	77.6	56.4	46.4	50.1	49.2
Minority interest	−21.7	−14.1	−15.7	−11.0	−11.9	−13.3
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	637	397	228	169	182	143
Extraordinary items	–	–	–	–	–	–
Net income	637	397	228	169	182	143
EBIT, normalized	880	602	473	310	327	328
EBITDA, normalized	1,318	954	874	682	783	803
Basic EPS, normalized	–	1.98	2.63	1.58	1.90	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Magyar Telekom Telecommunications Public Ltd Co, fiscal years, most recent first
	2010	2009	2008	2007	2006	2005
Assets
Cash & short-term investments	51.9	46.8	42.1	36.2	57.8	128
Receivables	1,020	706	641	515	571	615
Total inventory	90.5	72.4	93.5	67.9	55.6	62.0
Prepaid expenses	25.3	19.2	22.0	26.9	21.1	15.4
Other current assets	3.8	13.6	23.6	0.7	8.8	49.7
Total current assets	1,191	858	823	647	715	870
Property, plant & equipment	2,010	1,583	1,728	1,606	1,726	1,866
Goodwill	648	535	613	570	655	718
Intangibles	822	739	907	890	1,067	963
Long-term investments	14.6	15.3	10.1	8.9	9.9	7.9
Note receivable	97.9	75.7	85.4	73.0	72.9	80.5
Other long-term assets	40.3	43.9	54.4	108	71.8	43.1
Total assets	4,824	3,851	4,221	3,903	4,317	4,549
Liabilities
Accounts payable	507	398	480	425	438	500
Payable/accrued	–	–	–	–	–	–
Accrued expenses	43.4	51.2	63.8	58.2	52.6	75.5
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	188	136	343	243	186	393
Other current liabilities	158	120	114	95.6	234	98.9
Total current liabilities	897	705	1,001	822	910	1,068
Long-term debt	638	625	653	754	834	907
Minority interest	131	114	122	115	124	132
Other liabilities	423	335	359	357	436	358
Total liabilities	2,089	1,779	2,135	2,049	2,305	2,464
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	287	236	280	270	321	351
Additional paid-in capital	–	–	–	–	–	92.3
Retained earnings (accumulated deficit)	2,549	1,803	1,763	1,536	1,654	1,570
Treasury stock	−205	−66.3	−53.6	−49.8	−59.9	−31.0
Other equity	105	99.0	96.7	98.3	96.1	103
Total equity	2,735	2,072	2,086	1,854	2,012	2,085
Total liabilities & shareholders' equity	4,824	3,851	4,221	3,903	4,317	4,549

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Magyar Telekom Telecommunications Public Ltd Co, fiscal years, most recent first
	2010	2009	2008	2007	2006	2005
Operating activities
Net income	659	411	243	180	194	156
Depreciation, depletion & amortization	438	352	401	372	456	475
Deferred taxes	–	–	–	–	–	–
Non-cash items	180	151	183	113	92.3	130
Changes in working capital	−170	−154	−186	−140	−142	−135
Cash from operations	1,107	761	642	525	600	627
Investing activities
Capital expenditures	−361	−259	−289	−325	−342	−516
Other investing cash flows	5.5	41.3	−42.5	42.8	29.3	16.9
Cash from investing	−356	−217	−331	−282	−313	−499
Financing activities
Financing cash flow items	–	–	–	–	–	–
Cash dividends paid	−298	−121	−97.9	−52.2	−57.9	−82.6
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−462	−414	−210	−194	−234	−44.1
Cash from financing	−760	−534	−308	−246	−292	−127
Foreign exchange effects	−2.5	2.4	−1.3	2.0	0.4	3.5
Net change in cash	−10.9	11.3	1.9	−1.6	−3.8	4.4
Free cash flow	746	502	354	200	258	111

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.