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Orange Polska (TPSA)

Orange Polska's Cash & Cash Equivalents remain unchanged yoy at PLN mil in 1Q2016

By Helgi Library - October 12, 2020

Orange Polska (TPSA)'s total assets reached PLN 24,455 mil at the end of 1Q2016, up 11.9% compared to the previous year. ...

Orange Polska's Cash & Cash Equivalents rose 3.10% yoy to PLN 266 mil in 2015

By Helgi Library - April 2, 2020

Orange Polska (TPSA)'s total assets reached PLN 21,652 mil at the end of 2015, down 2.04% compared to the previous year. ...

Profit Statement
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Jan 2014
Company Report

Orange Polska (former Telekomunikacja Polska, or TPSA) is a Poland's national telecommunications provider. The Company was established in 1991 following the division of the communist era state-owned entity Polish Post, Telegraph and Telephone. In 2000, the State Treasury sold a 35% stake in then TPSA to a consortium of France Télécom and Kulczyk Holding and TPSA shares were listed on the Warsaw Stock Exchange. As at the end of 2012 Orange Polska had over 20 mil customers of different services (mobile, fixed voice, broadband, TV). The Company holds 30-50% share on the Polish telecommunication market in various business segments. France Telecom owns nearly 50% of the Company

Finance

Orange Polska (TPSA) has been growing its sales by a year on average in the last 5 years. EBITDA has fallen on average by 10.1% a year during that time to total of PLN 3,443 mil in 2015, or 29.1% of sales. That’s compared to 32.3% average margin seen in last five years.

The company netted PLN 254 mil in 2015 implying ROE of 2.08% and ROCE of 1.32%. Again, the average figures were 5.63% and 3.60%, respectively when looking at the previous 5 years.

Orange Polska (TPSA)’s net debt amounted to PLN 3,982 mil at the end of 2015, or 0.332 of equity. When compared to EBITDA, net debt was 1.16x, up when compared to average of 0.938x seen in the last 5 years.

Valuation

Orange Polska (TPSA) stock traded at EUR 6.56 per share at the end of 2015 resulting in a market capitalization of USD 2,206 mil. Over the previous five years, stock price fell by 59.9% or -16.7% a year on average. The closing price put stock at a 12-month trailing EV/EBITDA of 3.49x and price to earnings (PE) of 33.9x as of 2015.

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