- Globe Telecom‘s net income for 2024 was 24.3 billion pesos, a slight decrease of 1.1% from the previous year.
- Mobile service revenue increased by 3.8% year-on-year, reaching 116.7 billion pesos.
- The company’s capital expenditure dropped by 20%, totaling 56.19 billion pesos.
- EBITDA grew by 6.6% to 86.8 billion pesos.
- Total service revenue for 2024 reached 165 billion pesos.
- In the fourth quarter of 2024, Globe Telecom reported a net income of 3.73 billion pesos, with mobile service revenue at 29.01 billion pesos and service revenue at 41.01 billion pesos.
- The 2024 profit decline was attributed to fewer sale and leaseback transactions.
- Mobile revenues grew by 4%, while corporate data revenues increased by 11% in 2024.
- Data revenues accounted for 86% of consolidated gross revenues in 2024, up from 83% in the previous year.
- The corporate data business revenue rose 11% to 20.4 billion pesos in 2024.
- Home broadband business revenues fell by 5%, reaching 23.8 billion pesos, with 1.74 million subscribers at the end of 2024.
- Non-telco revenues decreased by 47% due to the deconsolidation of ECPay after selling a 77% stake to Mynt.
- Core net income rose 14% to 21.5 billion pesos in 2024.
- Total debt slightly decreased to 249.5 billion pesos in 2024 from 250 billion pesos in 2023.
- The company plans a capital expenditure of less than $1 billion in 2025, aiming for positive free cash flow.
- Analyst recommendations for Globe Telecom include 13 buys, 5 holds, and 1 sell.
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A look at Globe Telecom Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Globe Telecom shows a solid overall outlook with favorable scores in various aspects. With a Dividend score of 4 and Momentum score of 4, the company seems to be performing well in terms of returning value to investors and maintaining positive market momentum. Additionally, a Growth score of 3 indicates moderate potential for expansion and development in the future. However, areas such as Value and Resilience scored lower at 2, suggesting some room for improvement in terms of undervaluation and overall financial robustness.
Globe Telecom, Inc. is a telecommunications company that offers a range of wireless application and digital communication services through its GSM network. The company also provides wireline voice and data services, catering to a diverse range of user needs. With a combination of moderate growth prospects, strong dividend performance, and positive market momentum, Globe Telecom appears to be positioning itself well in the competitive telecom industry for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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