Telecom Argentina (TECO2) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Telecom Argentina stock ARS 3,579, price ARS 3,353, upside +6.8%, quality 38 out of 100. Rating: fairly valued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 173.75 ARS – 4,755 ARS · fair‑value band 2,278 ARS – 5,054 ARS · the 3,353 ARS price screens below the 3,579 ARS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Follow Telecom Argentina in your weekly email
Every Wednesday you see whether Telecom Argentina is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Telecom Argentina S.A., together with its subsidiaries, provides telecommunications services in Argentina, Paraguay, Uruguay, Chile and the United States.
Show moreShow less
The company offers mobile telecommunications services, including voice communications, high-speed mobile internet content and applications download, online streaming, and other services; and sells mobile communication devices, such as handsets, modems, MiFi and wingles, and smartwatches.
It also offers internet connectivity products, including virtual private network services, traditional internet protocol links, and other products; and programming and other cable television services.
In addition, the company provides telephone services, including local, domestic, and international long-distance telephone services, as well as public telephone services; and other related supplementary services, such as call waiting, call forwarding, conference calls, caller ID, voice mail, itemized billing, and maintenance services.
Further, it offers infrastructure, interconnection, datacenter, internet, value added, and international long-distance services; and data services, including data transmission, virtual private networks, symmetric internet access, national and international signal transport, and videoconferencing services; Personal Pay, a digital wallet service.
The company also offers broadcasting, cable television, financial, cybersecurity, ICT services and audiovisual communication, content platform and related services; security solutions and services; closed-circuit and community closed-circuit television, as well as investment and consulting services.
The company was formerly known as Cablevisión S.A. and changed its name to Telecom Argentina S.A. in January 2018. Telecom Argentina S.A. was founded in 1979 and is based in Buenos Aires, Argentina.
Stock analysis
Telecom Argentina (TECO2) currently trades at 3,353 ARS, while our model-based Fair Value estimate is 3,579 ARS, so the stock looks roughly fairly valued today (gap 6.3%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 4,083 ARS per share, and 9 of the 12 models we run sit above the 3,353 ARS price.
Bear case: the Earnings-Based group reads lowest at 467.22 ARS, and 3 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 2,278 ARS (bear) to 5,054 ARS (bull), the price of 3,353 ARS sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 38/100 (below-average quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Telecom Argentina reported revenue of 8.3T ARS in FY2025 versus 425B ARS in FY2021, a compound +110.3%/yr. Reported net income was −170B ARS in FY2025.
Key figures
Market cap 9.2T ARS (≈ $6.0B) Mid · P/E ratio 12.6 · P/S ratio 1.03 · EPS (TTM) 339.46 ARS · Dividend yield 0.4% · Net margin 8.9% · Return on equity 10.8% · Return on assets (EBIT) −2.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 29% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 51% fair-value upside, at 7%, TECO2 screens richer than that median.
Fair Value models
Bear2,278 ARSFair Value 3,579 ARSBull5,054 ARS
Price 3,353 ARS · Upside +6.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (278.52 ARS per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+53.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+125.2%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+94.2%
Start year 2020 (pandemic). Over 10 years: +82.7% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+82.7%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
9.4% (2020) → 10.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Argentina: IMF forecast 13.8% a year to 2030) that is about +3.7% a year for the price.
News mood ⓘNews mood, the average tone of recent news (84 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Telecom Services · 235 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score38 · Bottom 25%
Fair Value upside+6.8% · Below median
Profitability
Return on equity (12 months)10.8% · Above median
Return on assets−1.0% · Bottom 25%
Net margin (12 months)8.9% · Above median
Operating margin (12 months)14.0% · Above median
Growth and dividend
Revenue growth (quarter YoY)0.4% · Below median
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.56× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (12 months)12.6× · Cheaper than median
P/B1.34× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)1.03× · Cheaper than median
Price / free cash flow (fiscal year)10.3× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Telecom Argentina Fair Value". https://www.fairvalue-calculator.com/stock/TECO2
Frequently asked questions
Is Telecom Argentina (TECO2) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 3,579 ARS versus a price of 3,353 ARS, about +7% upside (fairly valued).
What is the fair value of TECO2?
Our model-based fair value for Telecom Argentina is 3,579 ARS (as of Nov 7, 2026), built from audited fundamentals. The current price: 3,353 ARS.
What is the quality score of TECO2?
Telecom Argentina has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Telecom Argentina (TECO2)?
Our model-based price target is the fair value of 3,579 ARS (as of Nov 7, 2026) from 12 valuation models. Cautious scenario 2,278 ARS, optimistic scenario 5,054 ARS. It is a calculation from audited fundamentals, not an analyst target.
What is the Telecom Argentina stock forecast for 2026?
Our models put fair value at 3,579 ARS, about +7% upside versus a price of 3,353 ARS (fairly valued). Cautious scenario 2,278 ARS, optimistic scenario 5,054 ARS. The calculation is refreshed regularly with new filings.
What is the revenue of Telecom Argentina (TECO2)?
Telecom Argentina reported trailing-twelve-month revenue of about 8.9T ARS (latest available figure, as of Nov 7, 2026).
Does Telecom Argentina pay a dividend?
Telecom Argentina currently shows a dividend yield of 0.41% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Telecom Argentina (TECO2) and when is the ex-dividend date?
Telecom Argentina pays a dividend of 13.63 ARS per share a year, a dividend yield of 0.4%. The last ex-dividend date was Nov 18, 2025. The payout ratio is 4.0% of earnings. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Telecom Argentina (TECO2)?
For today's price to be fair in a discounted-cash-flow model, Telecom Argentina would have to grow free cash flow by +18.1 % per year for five years (discount rate 17.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +94.2 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of TECO2 use?
Our models discount Telecom Argentina at 17.7 %: a base by market capitalisation (mid), damped by beta 0.34, country premium for Argentina. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Telecom Argentina that is +18.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (17.7 %) and the same formula as our fair value.
How much growth has Telecom Argentina (TECO2) delivered so far?
Over the past 5 years revenue at Telecom Argentina grew +94.2 % a year. The price currently implies free-cash-flow growth of +18.1 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Telecom Argentina (TECO2) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Telecom Argentina (+18.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Telecom Argentina (TECO2)?
The free-cash-flow yield on the price is 12.40 %: that much free cash flow Telecom Argentina produces per unit of market value. When it exceeds the discount rate of our models (17.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Telecom Argentina (TECO2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Telecom Argentina it is 3,579 ARS per share (as of Nov 7, 2026), against a price of 3,353 ARS. It is the blended result of 12 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit).
Is Telecom Argentina stock overvalued or undervalued in 2026?
As of Nov 7, 2026, TECO2 trades below its calculated fair value: price 3,353 ARS, fair value 3,579 ARS, a gap of about +7% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TECO2?
No. The price is what the market pays today (3,353 ARS); the fair value is what the company's own numbers justify (3,579 ARS). For Telecom Argentina the two are 226.58 ARS per share apart. That gap is exactly why we show both numbers side by side.
How much is Telecom Argentina worth?
The market values Telecom Argentina at about 9.2T ARS (market capitalisation, as of Nov 7, 2026). Per share that is 3,353 ARS; our models calculate a fair value of 3,579 ARS per share.
What do the bullish and bearish scenarios say about TECO2?
Our models span a range for Telecom Argentina: cautious scenario 2,278 ARS, base 3,579 ARS, optimistic 5,054 ARS per share (as of Nov 7, 2026, price 3,353 ARS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TECO2?
Telecom Argentina trades at a price-to-earnings ratio of 12.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3,579 ARS is built from several models across several years. Other multiples: PEG 0.3, P/B 1.3, P/S 1.0, EV/EBITDA 4.8.
What is the PEG ratio of TECO2?
The PEG ratio of Telecom Argentina is 0.35 (P/E divided by earnings growth, as of Nov 7, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Telecom Argentina (TECO2)?
Balance-sheet figures for Telecom Argentina (as of Nov 7, 2026): return on equity 10.8%, debt of 0.56 per unit of equity. They feed the Quality Score of 38/100, which measures business quality independently of the share price.
How far is TECO2 from its 52-week high?
Telecom Argentina trades at 3,353 ARS, about 29% below its 52-week high of 4,755 ARS and 5% above the low of 3,185 ARS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3,579 ARS is for.
Which stocks are comparable to Telecom Argentina?
From the same area (Communication Services) we also value China Mobile Limited, Verizon Communications Inc, T-Mobile US, Inc, AT&T Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Telecom Argentina stock attractive at the current price?
The data as of Nov 7, 2026: price 3,353 ARS, calculated fair value 3,579 ARS (+7%), Quality Score 38/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TECO2 calculated?
We run Telecom Argentina through 12 models from 5 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 3,579 ARS builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Telecom Argentina currently trades 6% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Telecom Argentina (TECO2)?
The closing price on Nov 6, 2026 was 3,353 ARS. Our model-based fair value is 3,579 ARS, about +7% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Telecom Argentina right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (2,278 ARS to 5,054 ARS) leaves room in how you read the outcome.
Key figures of Telecom Argentina
How large is the market capitalisation of Telecom Argentina (TECO2)?
The market capitalisation of Telecom Argentina is 9.2T ARS (≈ $6.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Telecom Argentina (TECO2)?
The price-to-sales ratio of Telecom Argentina is 1.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Telecom Argentina (TECO2)?
Earnings per share at Telecom Argentina are 339.46 ARS (price ÷ EPS = P/E 12.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Telecom Argentina (TECO2)?
The dividend yield of Telecom Argentina is 0.4% (payout 4.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Telecom Argentina (TECO2)?
The net margin of Telecom Argentina is 8.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Telecom Argentina (TECO2)?
The return on equity (ROE) of Telecom Argentina is 10.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Telecom Argentina (TECO2)?
On an EBIT basis the return on assets of Telecom Argentina is −2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Telecom Argentina (TECO2)?
The operating margin of Telecom Argentina is 14.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Telecom Argentina (TECO2)?
Revenue at Telecom Argentina is growing +0.4% versus a year earlier (3y avg +125%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Telecom Argentina (TECO2)?
Earnings per share at Telecom Argentina are growing +439% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Telecom Argentina (TECO2) carry?
The net debt of Telecom Argentina is 5.0T ARS (fiscal year 2025, ≈ 5.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Telecom Argentina in the live analysis
One click puts Telecom Argentina on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Some data
Nov 7, 2026