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    The document provides financial data for three telecommunications companies - Orange, Telecom Italia, and Telefonica - across several years. It analyzes metrics such as revenues, profits, capital expenditures, assets, liabilities, and various ratios. Overall revenues declined year-over-year for all three companies from 2013 to 2012. Telefonica generally had the strongest profitability as measured by returns, while Telecom Italia struggled the most with losses. Liquidity levels were stable but declined slightly over time. Telefonica tended to have higher leverage ratios than the other two firms.

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    Grap Ghost

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    64 views56 pages
    The document provides financial data for three telecommunications companies - Orange, Telecom Italia, and Telefonica - across several years. It analyzes metrics such as revenues, profits, capital expenditures, assets, liabilities, and various ratios. Overall revenues declined year-over-year for all three companies from 2013 to 2012. Telefonica generally had the strongest profitability as measured by returns, while Telecom Italia struggled the most with losses. Liquidity levels were stable but declined slightly over time. Telefonica tended to have higher leverage ratios than the other two firms.

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    The document provides financial data for three telecommunications companies - Orange, Telecom Italia, and Telefonica - across several years. It analyzes metrics such as revenues, profits, capital expenditures, assets, liabilities, and various ratios. Overall revenues declined year-over-year for all three companies from 2013 to 2012. Telefonica generally had the strongest profitability as measured by returns, while Telecom Italia struggled the most with losses. Liquidity levels were stable but declined slightly over time. Telefonica tended to have higher leverage ratios than the other two firms.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    64 views56 pages

    Grap Ghost

    Uploaded by

    nia_gem25
    The document provides financial data for three telecommunications companies - Orange, Telecom Italia, and Telefonica - across several years. It analyzes metrics such as revenues, profits, capital expenditures, assets, liabilities, and various ratios. Overall revenues declined year-over-year for all three companies from 2013 to 2012. Telefonica generally had the strongest profitability as measured by returns, while Telecom Italia struggled the most with losses. Liquidity levels were stable but declined slightly over time. Telefonica tended to have higher leverage ratios than the other two firms.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 56

    Revenues

    Companies ORANGE
    TELECOM ITALIA
    TELEFONICA

    2013/2012
    -5.8%
    -9.1%
    -8.5%

    Operating profit
    Companies ORANGE
    TELECOM ITALIA
    TELEFONICA

    2013/2012
    0.1%
    -13.6%
    -8.3%

    Net profit
    Companies ORANGE
    TELECOM ITALIA
    TELEFONICA

    2013/2012
    -6.7%
    -47.7%
    5.1%

    CAPEX
    Companies ORANGE
    TELECOM ITALIA
    TELEFONICA

    2013/2012
    22.4%
    -4.3%
    25.7%

    Operating Cash Flow


    Companies ORANGE
    TELECOM ITALIA
    TELEFONICA

    2013/2012
    -27.5%
    -12.5%
    -5.7%

    Non-current liabilities
    Companies ORANGE
    TELECOM ITALIA
    TELEFONICA

    2013/2012
    -3.5%
    -10.7%
    -11.8%

    Adjusted
    2012/2011
    -3.9%
    -2.8%
    -0.8%
    Adjusted
    2012/2011
    -27.1%
    -14.5%
    7.3%
    Adjusted
    2012/2011
    -25.3%
    -6.2%
    -5.8%
    Adjusted
    2012/2011
    -21.7%
    -36.8%
    -37.0%
    Adjusted
    2012/2011
    -22.2%
    -9.5%
    -13.0%
    Adjusted
    2012/2011
    -4.1%
    -5.1%
    1.3%

    Capital Structure
    Companies ORANGE

    TELECOM ITALIA

    TELEFONICA

    Asset Structure
    Companies ORANGE

    TELECOM ITALIA

    TELEFONICA

    Equity
    Non current liabilities
    Current liabilities
    Equity
    Non current liabilities
    Current liabilities
    Equity
    Non current liabilities
    Current liabilities

    2013
    31%
    44%
    26%
    29%
    48%
    23%
    23%
    52%
    25%

    2012
    29%
    43%
    28%
    30%
    49%
    22%
    21%
    54%
    24%

    Plants
    Other non-current assets
    Current assets
    Plants
    Other non-current assets
    Current assets
    Plants
    Other non-current assets
    Current assets

    2013
    27%
    57%
    16%
    19%
    57%
    24%
    26%
    49%
    25%

    2012
    26%
    56%
    18%
    20%
    59%
    21%
    27%
    53%
    20%

    2011
    31%
    41%
    28%
    32%
    47%
    21%
    21%
    54%
    25%

    2011
    25%
    54%
    21%
    19%
    79%
    2%
    27%
    57%
    16%

    Equity
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    31%
    29%
    23%
    28%

    Non current liabilitie


    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    44%
    48%
    52%
    48%

    Current liabilities
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    26%
    23%
    25%
    25%

    Plants
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    27%
    19%
    26%
    24%

    Other non-current as
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    57%
    57%
    49%
    55%

    Current assets

    2013

    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    16%
    24%
    25%
    21%

    2012
    29%
    30%
    21%
    27%

    2011
    31%
    32%
    21%
    28%

    2012
    43%
    49%
    54%
    49%

    2011
    41%
    47%
    54%
    47%

    2012
    28%
    22%
    24%
    25%

    2011
    28%
    21%
    25%
    25%

    2012
    26%
    20%
    27%
    24%

    2011
    25%
    19%
    27%
    24%

    2012
    56%
    59%
    53%
    56%

    2011
    54%
    79%
    57%
    63%

    2012

    2011

    18%
    21%
    20%
    20%

    21%
    2%
    16%
    13%

    Profitability Ratios
    Companies ORANGE

    TELECOM ITALIA

    TELEFONICA

    ROE
    Net Profit Margin
    Sustainable Growth Rate
    ROI
    Operating Profit Margin
    Asset Turnover Ratio
    Gearing
    Interest Coverage Ratio
    ROE
    Net Profit Margin
    Sustainable Growth Rate
    ROI
    Operating Profit Margin
    Asset Turnover Ratio
    Gearing
    Interest Coverage Ratio
    ROE
    Net Profit Margin
    Sustainable Growth Rate
    ROI
    Operating Profit Margin
    Asset Turnover Ratio
    Gearing
    Interest Coverage Ratio

    2013
    10%
    6%
    9%
    7%
    14%
    48%
    2.3
    441%
    6%
    5%
    11%
    7%
    21%
    33%
    2.4
    -395%
    16%
    8%
    9%
    8%
    16%
    48%

    2012
    11%
    7%
    6%
    6%
    13%
    48%
    2.4
    388%
    10%
    9%
    6%
    8%
    23%
    33%
    2.1
    -347%
    15%
    7%
    4%
    8%
    16%
    48%
    3.33

    312%

    3.33
    319%

    Non adjusted
    2011
    13%
    8%
    11%
    8%
    18%
    47%
    2.2
    391%
    9%
    9%
    4%
    8%
    25%
    32%
    2.5
    -335%
    17%
    7%
    -7%
    7%
    15%
    48%
    3.33
    345%

    ROE
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    10%
    6%
    16%
    11%

    2012
    11%
    10%
    15%
    12%

    2011
    13%
    9%
    17%
    13%

    0
    0%
    0%
    0%
    0%

    Net Profit Margin


    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    6%
    5%
    8%
    7%

    2012
    7%
    9%
    7%
    8%

    2011
    8%
    9%
    7%
    8%

    0
    0%
    0%
    0%
    0%

    Sustainable Growth Rate


    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    9%
    11%
    9%
    10%

    2012
    6%
    6%
    4%
    5%

    2011
    11%
    4%
    -7%
    3%

    0
    0%
    0%
    0%
    0%

    2013
    7%
    7%
    8%
    7%

    2012
    6%
    8%
    8%
    7%

    2011
    8%
    8%
    7%
    8%

    0
    0%
    0%
    0%
    0%

    2013
    14%
    21%
    16%
    17%

    2012
    13%
    23%
    16%
    17%

    2011
    18%
    25%
    15%
    19%

    0
    0%
    0%
    0%
    0%

    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    0
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    48%
    33%
    48%
    43%

    2012
    48%
    33%
    48%
    43%

    2011
    47%
    32%
    48%
    42%

    0
    0%
    0%
    0%
    0%

    Gearing
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    2.26
    2.37
    3.33
    2.65

    2012
    2.41
    2.14
    3.33
    2.63

    2011
    2.25
    2.48
    3.33
    2.68

    2013
    441%
    -395%
    312%
    120%

    2012
    388%
    -347%
    319%
    120%

    2011
    391%
    -335%
    345%
    134%

    Interest Coverage Ratio


    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    ROE
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    ROI
    10%
    6%
    16%
    11%

    7%
    7%
    8%
    7%

    2013
    Gearing
    2.26
    2.37
    3.33
    265%

    0
    0%
    0%
    0%
    0%

    ROI vs. Average Gearing vs. Average


    0.9440223847
    0.8521013598
    0.9921723823
    0.8938879424
    1.0638052329
    1.2540106978
    100%
    100%

    Profitability Ratios
    Companies ORANGE

    TELECOM ITALIA

    TELEFONICA

    2013
    Net Working Capital/Revenues
    Current Ratio
    Cash-to-debt
    CAPEX Coverage
    Net Working Capital/Revenues
    Current Ratio
    Cash-to-debt
    CAPEX Coverage
    Net Working Capital/Revenues
    Current Ratio
    Cash-to-debt
    CAPEX Coverage

    2012
    -0.11
    0.61
    0.19
    1.20
    -0.13
    1.03
    0.26
    1.77
    -0.09
    1.00
    0.24
    1.45

    -0.16
    0.65
    0.25
    2.13
    -0.12
    0.96
    0.28
    1.93
    -0.09
    0.81
    0.23
    1.93

    2011
    -0.13
    0.79
    0.31
    2.04
    -0.09
    0.95
    0.30
    1.35
    -0.07
    0.64
    0.26
    1.40

    Net Working Capital/Revenues


    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    -0.11
    -0.13
    -0.09
    -0.11

    2012
    -0.16
    -0.12
    -0.09
    -0.12

    2011
    -0.13
    -0.09
    -0.07
    -0.10

    0
    0.00
    0.00
    0.00
    0.00

    Current Ratio
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    0.61
    1.03
    1.00
    0.88

    2012
    0.65
    0.96
    0.81
    0.81

    2011
    0.79
    0.95
    0.64
    0.79

    0
    -

    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    0.19
    0.26
    0.24
    0.23

    2012
    0.25
    0.28
    0.23
    0.25

    2011
    0.31
    0.30
    0.26
    0.29

    CAPEX Coverage
    ORANGE
    TELECOM ITALIA
    TELEFONICA
    Average

    2013
    1.20
    1.77
    1.45
    1.47

    2012
    2.13
    1.93
    1.93
    2.00

    2011
    2.04
    1.35
    1.40
    1.60

    0
    0.00
    0.00
    0.00
    0.00

    TIME SERIES ANALYSIS

    Revenues

    -14.0%

    -12.0%

    -10.0%

    -8.0%

    -6.0%

    -4.

    Non current liabiliti

    TE

    TELEC

    -20.0%

    -15.0%

    -10.0%

    -5.0%

    Capex
    TELEFONICA

    TELECOM ITALIA

    ORANGE

    -50.0%

    -40.0%

    -30.0%

    -20.0%

    -10.0%

    0.0%

    ORANGE

    -50.0%

    -40.0%

    -30.0%

    -20.0%

    -10.0%

    0.0%

    PROFITABILITY

    ROI vs. Average


    ORANGE
    0.9440223847
    TELECOM ITALIA
    0.9921723823
    TELEFONICA
    1.0638052329
    Average
    1
    roe HIGHER THE BETTER AND TELEFONICA SEEMS TO HAVE THE HIGHEST RE

    ROE
    ORANGE

    TELECOM ITALIA

    TELEFONICA

    18%
    16%
    14%
    12%
    10%
    8%
    6%
    4%
    2%
    0%
    2013

    2012

    2011

    Average

    8%
    6%
    4%
    2%
    0%
    2013

    2012

    2011

    ROI
    ORANGE

    TELECOM ITALIA

    TELEFONICA

    Average

    9%
    8%
    7%
    6%
    5%
    4%
    3%
    2%
    1%
    0%
    2013

    2012

    2011

    Gearing
    ORANGE

    TELECOM ITALIA

    TELEFONICA

    Average

    3.50
    3.00
    2.50
    2.00
    1.50
    1.00
    0.50
    2013

    2012

    2011

    LIQUIDITY

    NWC/Revenues
    ORANGE
    0.00
    2013
    -0.02
    -0.04
    -0.06
    -0.08
    -0.10
    -0.12
    -0.14
    -0.16

    TELECOM ITALIA
    2012

    TELEFONICA

    A
    2011

    -0.04
    -0.06
    -0.08
    -0.10
    -0.12
    -0.14
    -0.16
    -0.18

    Cash-to-debt
    ORANGE

    TELECOM ITALIA

    TELEFONICA

    0.35
    0.30
    0.25
    0.20
    0.15
    0.10
    0.05
    2013

    2012

    2011

    Revenues
    TELEFONICA

    2012/2011
    TELECOM ITALIA

    2013/2012

    ORANGE

    -8.0%

    -6.0%

    -4.0%

    -2.0%

    0.0%

    Non current liabilities


    TELEFONICA

    2012/2011
    2013/2012

    TELECOM ITALIA

    ORANGE

    -10.0%

    -5.0%

    0.0%

    5.0%

    Capex
    TELEFONICA

    2012/2011
    2013/2012

    TELECOM ITALIA

    From negative
    to positive OCF
    ORANGE

    -20.0%

    -10.0%

    0.0%

    10.0%

    20.0%

    30.0%

    to positive OCF
    ORANGE

    -20.0%

    -10.0%

    0.0%

    10.0%

    20.0%

    30.0%

    Gearing vs. Average


    0.8521013598
    0.8938879424
    1.2540106978
    1
    FONICA SEEMS TO HAVE THE HIGHEST RETURN ON EQUITY . IT IS THE PROFIT EARNED BY A COMPANY IN REG

    ROE

    ELECOM ITALIA

    Net pro
    TELEFONICA

    2011

    Average

    ORANGE

    10%
    9%
    8%
    7%
    6%
    5%
    4%
    3%
    2%
    1%
    0%
    2013

    TELECOM IT

    2012

    2011

    5%
    4%
    3%
    2%
    1%
    0%
    2013

    2012

    ROI

    ELECOM ITALIA

    TELEFONICA

    ORANGE

    Average

    TELECOM

    30%
    25%
    20%
    15%
    10%
    5%
    2011

    0%
    2013

    2012

    Gearing

    ELECOM ITALIA

    TELEFONICA

    ORANGE

    Average

    TELECOM IT

    500%
    400%
    300%
    200%
    100%
    0%
    2013
    -100%

    2012

    -200%
    -300%
    -400%

    12

    2011

    -500%

    NWC/Revenues
    TELECOM ITALIA
    2012

    TELEFONICA

    Average
    2011

    ORA
    0

    1.20
    1.00
    0.80
    0.60
    0.40
    0.20

    0.80
    0.60
    0.40
    0.20
    2013

    Cash-to-debt

    GE

    TELECOM ITALIA

    TELEFONICA

    ORA

    Average
    2.50

    2.00

    1.50

    1.00

    0.50

    2012

    2011

    0.00
    2013

    Operating profit
    TELEFONICA

    TELECOM ITALIA

    ORANGE

    -30.0%

    -25.0%

    -20.0%

    -15.0%

    -10.0%

    -5.0%

    0.0%

    5.0%

    10.0%

    Net profit
    TELEFONICA

    TELECOM ITALIA

    ORANGE

    -60.0%

    -50.0%

    -40.0%

    -30.0%

    -20.0%

    -10.0%

    0.0%

    10.0%

    Operating Cash Flow


    TELEFONICA

    TELECOM ITALIA

    From negative
    to positive OCF
    ORANGE

    -60.0%

    -50.0%

    -40.0%

    -30.0%

    -20.0%

    -10.0%

    0.0%

    to positive OCF
    ORANGE

    -60.0%

    -50.0%

    -40.0%

    -30.0%

    -20.0%

    RNED BY A COMPANY IN REGARDS TO THE SHARE HOLDER'S EQUITY.

    Net profit margin


    ORANGE

    TELECOM ITALIA

    2012

    TELEFONICA

    2011

    Average

    -10.0%

    0.0%

    2012

    2011

    Opm
    ORANGE

    TELECOM ITALIA

    2012

    TELEFONICA

    Average

    2011

    ICR
    ORANGE

    TELECOM ITALIA

    2012

    TELEFONICA

    Average

    2011

    Current Ratio
    ORANGE
    1.20
    1.00
    0.80
    0.60
    0.40
    0.20

    TELECOM ITALIA

    TELEFONICA

    Average

    0.80
    0.60
    0.40
    0.20
    2013

    2012

    2011

    CAPEX Coverage
    ORANGE

    TELECOM ITALIA

    TELEFONICA

    Average

    2.50

    2.00

    1.50

    1.00

    0.50

    0.00
    2013

    2012

    2011

    COMMON SIZE ANALYSIS

    profit
    35%

    LEFONICA

    30%
    2012/2011
    2013/2012

    OM ITALIA

    25%
    20%
    15%
    10%

    ORANGE

    5%

    0.0%

    5.0%

    0%

    10.0%

    ORANGE

    TELECOM ITA

    fit
    TELEFONICA

    2012/2011
    2013/2012

    TELECOM ITALIA

    ORANGE

    -10.0%

    0.0%

    10.0%

    30%

    sh Flow

    20.0%

    25%
    20%
    TELEFONICA

    15%
    2012/2011

    TELECOM ITALIA

    2013/2012

    10%
    5%
    0%

    ORANGE

    -10.0%

    0.0%

    ORANGE

    TELECOM ITALIA

    20.0%

    ORANGE

    -10.0%

    0.0%

    1200%
    1000%
    800%
    600%
    400%
    200%
    0%

    Sustainable Growth Rate


    ORANGE

    TELECOM ITALIA

    TELEFONICA

    Average

    15%
    10%
    5%
    0%
    2013
    -5%
    -10%

    2012

    2011

    0%
    2013

    2012

    2011

    -5%
    -10%

    ATR
    ORANGE

    TELECOM ITALIA

    TELEFONICA

    Average

    60%
    50%
    40%
    30%
    20%
    10%
    0%
    2013

    2012

    2011

    OMMON SIZE ANALYSIS

    Equity
    35%
    30%
    25%
    20%
    15%
    10%
    5%
    0%

    ORANGE

    TELECOM ITALIA

    TELEFONICA

    2013

    2012

    Average
    2011

    Column N

    Plants

    ORANGE

    TELECOM ITALIA

    TELEFONICA
    2013

    2012

    Average
    2011

    Column N

    Cost of sales

    %
    2013

    verage

    2012

    2011

    Column N

    verage

    Non current liabilities


    60%
    50%
    40%
    30%
    20%
    10%
    0%

    ORANGE

    TELECOM ITALIA

    TELEFONICA
    2013

    2012

    Average
    2011

    Column N

    Other non current assets


    90%
    80%
    70%
    60%
    50%
    40%
    30%
    20%
    10%
    0%

    ORANGE

    TELECOM ITALIA

    TELEFONICA
    2013

    2012

    Average
    2011

    Column N

    SGA
    1200%
    1000%
    800%
    600%
    400%
    200%
    0%
    2013

    2012

    2011

    Column N

    liabilities

    Current liabilities
    30%
    25%
    20%
    15%
    10%
    5%
    0%

    ORANGE

    TELECOM ITALIA

    TELEFONICA

    2013

    2012

    Average
    2011

    Column N

    Current assets

    urrent assets
    30%
    25%
    20%
    15%
    10%
    5%
    0%

    ORANGE

    TELECOM ITALIA

    TELEFONICA

    2013

    2012

    Average
    2011

    Column N

    R&D
    1200%
    1000%
    800%
    600%
    400%
    200%
    0%
    2013

    2012

    2011

    Column N

    urrent liabilities

    NICA

    Average
    2011

    Column N

    urrent assets

    ICA

    Average
    2011

    Column N

    &D

    2011

    Column N

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