NOS Stock Analysis: NOS S.G.P.S. S.A. | LS
Telecom Services | LS, Portugal | Market Cap: 2.640m EUR | 12M Return: 39.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 2.23M
EPS Trend: 4.1%
Rev. Trend: 99.5%
Warnings
Tailwinds
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
NOS, S.G.P.S., S.A. is a Portuguese telecommunications and entertainment conglomerate headquartered in Lisbon, founded in 1999 and listed on the Lisbon Stock Exchange. The company operates across multiple segments of the media and communications value chain, functioning as an integrated quad-play provider offering cable and satellite television, fixed and mobile voice, broadband internet, mobile data services, and VoIP.
Beyond its core connectivity services, NOS is involved in content-related activities including the production and distribution of pay-TV channels, acquisition of content and multimedia rights, video-on-demand, cinema exhibition, and publishing/sale of videograms. The group also manages data centers, provides electronic communications network infrastructure, and offers security and engineering/consultancy services in information systems.
The company maintains a diversified portfolio that extends into adjacent businesses such as advertising on pay-TV, insurance distribution, real estate and property management, licensing, intellectual property management, and investments in technology ventures. NOS operates within Portugals GICS Communication Services sector (Cable & Satellite sub-industry), a market characterized by a small number of converged operators competing in bundled service offerings across TV, broadband, and mobile.
- Mobile postpaid growth offsets fixed-line and pay-TV declines
- Fiber network capex investment pressures near-term margins
- Capital returns via dividends and buybacks support shareholder value
- Altice and Vodafone competition pressures mobile ARPU and market share
| Net Income: 248.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA -0.84 > 1.0 |
| NWC/Revenue: -22.78% < 20% (prev -15.19%; Δ -7.59% < -1%) |
| CFO/TA 0.07 > 3% & CFO 248.8m > Net Income 248.8m |
| Net Debt (629.3m) to EBITDA (840.6m): 0.75 < 3 |
| Current Ratio: 0.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (512.5m) vs 12m ago 0.05% < -2% |
| Gross Margin: 70.40% > 18% (prev 69.30%; Δ 1.11% > 0.5%) |
| Asset Turnover: 52.65% > 50% (prev 48.19%; Δ 4.46% > 0%) |
| Interest Coverage Ratio: 6.55 > 6 (EBIT TTM 434.3m / Interest Expense TTM 66.3m) |
| A: -0.12 (Total Current Assets 541.9m - Total Current Liabilities 966.0m) / Total Assets 3.52b |
| B: 0.02 (Retained Earnings 62.0m / Total Assets 3.52b) |
| C: 0.12 (EBIT TTM 434.3m / Avg Total Assets 3.54b) |
| D: 0.51 (Book Value of Equity 1.18b / Total Liabilities 2.33b) |
| Altman-Z'' = 0.63 = B |
| DSRI: 0.65 (Receivables 318.4m/449.0m, Revenue 1.86b/1.71b) |
| GMI: 0.98 (GM 69.30% / 70.40%) |
| AQI: 0.99 (AQ_t 0.43 / AQ_t-1 0.44) |
| SGI: 1.09 (Revenue 1.86b / 1.71b) |
| TATA: 0.00 (NI 248.8m - CFO 248.8m) / TA 3.52b) |
| Beneish M = -3.27 (Cap -4..+1) = AA |
As of June 30, 2026, the stock is trading at EUR 5.17 with a total of 320,062 shares traded. Over the past week, the price has changed by -0.76%, over one month by -0.76%, over three months by -0.84% and over the past year by +39.64%.
Current recommended Stop Loss: 5.00 (which is 3.3% or 1.7 ATR below the current price).
NOS S.G.P.S. S.A. has no consensus analysts rating.
P/E Trailing = 10.7292
P/E Forward = 16.8634
P/S = 1.4176
P/B = 2.2481
P/EG = 1.1096
Revenue TTM = 1.86b EUR
EBIT TTM = 434.3m EUR
EBITDA TTM = 840.6m EUR
Long Term Debt = 627.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 311.7m EUR (from shortLongTermDebt, last quarter)
Debt = 638.0m EUR (Leases only: 638.0m)
Net Debt = 629.3m EUR (calculated: Debt 638.0m - CCE 8.67m)
Enterprise Value = 3.27b EUR (2.64b + Debt 638.0m - CCE 8.67m)
Interest Coverage Ratio = 6.55 (Ebit TTM 434.3m / Interest Expense TTM 66.3m)
EV/FCF = 7.91x (Enterprise Value 3.27b / FCF TTM 413.0m)
FCF Yield = 12.63% (FCF TTM 413.0m / Enterprise Value 3.27b)
FCF Margin = 22.18% (FCF TTM 413.0m / Revenue TTM 1.86b)
Net Margin = 13.36% (Net Income TTM 248.8m / Revenue TTM 1.86b)
Gross Margin = 70.40% ((Revenue TTM 1.86b - Cost of Revenue TTM 551.1m) / Revenue TTM)
Gross Margin QoQ = 69.65% (prev 67.28%)
Tobins Q-Ratio = 0.93 (Enterprise Value 3.27b / Total Assets 3.52b)
Interest Expense / Debt = 10.39% (Interest Expense 66.3m / Debt 638.0m)
Taxrate = 5.03% (13.2m / 261.9m)
NOPAT = 412.5m (EBIT 434.3m * (1 - 5.03%))
Current Ratio = 0.56 (Total Current Assets 541.9m / Total Current Liabilities 966.0m)
Debt / Equity = 0.54 (Debt 638.0m / totalStockholderEquity, last quarter 1.18b)
Debt / EBITDA = 0.75 (Net Debt 629.3m / EBITDA 840.6m)
Debt / FCF = 1.52 (Net Debt 629.3m / FCF TTM 413.0m)
Total Stockholder Equity = 1.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.04% (Net Income 248.8m / Total Assets 3.52b)
RoE = 22.95% (Net Income TTM 248.8m / Total Stockholder Equity 1.08b)
RoCE = 25.37% (EBIT 434.3m / Capital Employed (Equity 1.08b + L.T.Debt 627.4m))
RoIC = 16.23% (NOPAT 412.5m / Invested Capital 2.54b)
WACC = 6.29% (E(2.64b)/V(3.28b) * Re(5.43%) + D(638.0m)/V(3.28b) * Rd(10.39%) * (1-Tc(0.05)))
Discount Rate = 5.43% (= CAPM, Blume Beta Adj.)
[DCF] Terminal Value 74.31% ; FCFF base≈427.0m ; Y1≈400.7m ; Y5≈370.8m
[DCF] Fair Price = 10.19 (EV 5.85b - Net Debt 629.3m = Equity 5.23b / Shares 512.5m; r=8.35% [WACC [floored]]; 5y FCF grow -7.79% → 2.50% )
EPS Correlation: 4.10 | EPS CAGR: 0.54% | SUE: N/A | # QB: 0
Revenue Correlation: 99.51 | Revenue CAGR: 6.68% | SUE: N/A | # QB: 0
EPS current Year (2026-12-31): EPS=0.42 | Chg30d=+2.07% | Revisions=+43% | GrowthEPS=-10.2% | GrowthRev=+1.7%
EPS next Year (2027-12-31): EPS=0.44 | Chg30d=-0.23% | Revisions=+50% | GrowthEPS=+3.0% | GrowthRev=+1.8%
[Analyst] Revisions Ratio: +50%