Telecom Argentina SA (TEO) fair value: what the stock is really worth
As of Oct 28, 2026: fair value (intrinsic value) of Telecom Argentina SA stock $33.27, price $11.09, upside +200.0%, quality 40 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 29, 2026.
How to read this chart
60‑month range $3.45 – $15.98 · fair‑value band $17.71 – $72.47 · the $11.09 price screens below the $33.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Oct 29, 2026.
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Telecom Argentina S.A., together with its subsidiaries, provides telecommunications services in Argentina, Paraguay, Uruguay, Chile and the United States.
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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 SA (TEO) currently trades at $11.09, while our model-based Fair Value estimate is $33.27, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $35.97 per share, and 11 of the 13 models we run sit above the $11.09 price.
Bear case: the Earnings-Based group reads lowest at $8.69, and 2 of the 13 models stay below the price. Data coverage for this calculation is low.
Scenario range: $17.71 (bear) to $72.47 (bull), the price of $11.09 sits below 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 40/100 (below-average quality), in the Communication Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Telecom Argentina SA ADR reported revenue of 8.3T ARS in FY2025 versus 2.6T ARS in FY2021, a compound +34.0%/yr. Reported net income was −170B ARS in FY2025.
Key figures
Market cap $4.8B Mid · P/E ratio 9.0 · EPS (TTM) $1.28 · Dividend yield 3.7% · Net margin −2.0% · Return on equity 10.8% · Return on assets (EBIT) −7.0% · Operating margin 14.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (medium confidence).
What moves the price
The share trades about 31% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 35% fair-value upside, at 200%, TEO screens cheaper than that median.
Fair Value models
Bear$17.71Fair Value $33.27Bull$72.47
Price $11.09 · Upside +200.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
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 ($0.7223 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+101.3%
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.
+19.0%
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.
+56.5%
Start year 2020 (pandemic). Over 10 years: +70.3% a year
Revenue growth 27 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.
+33.9%
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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.
6.7% (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).
+6.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in ARS, Argentina: IMF forecast 13.8% a year to 2030) that is about −6.6% a year for the price.
News mood ⓘNews mood, the average tone of recent news (97 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.Very negative
AI conclusion: The business shows a weak moat from sustained negative earnings, high debt and limited pricing power in a regulated market, while the Telefónica acquisition path may bring synergies and greater combined scale.
Main risk: The divestiture reduces the customer base precisely when organic growth remains weak, hitting future revenue momentum.
Telecom Argentina accepted a 450 million dollar offer to transfer millions of mobile subscribers, spectrum rights and Buenos Aires network assets to Metrotel. The move clears the path for its Telefónica acquisition yet reduces its customer base precisely when organic growth remains weak. Will the synergies and larger scale from the combined business outweigh the lost subscribers, or will the divestiture limit future momentum?
Compare Telecom Argentina SA ADR with another stock
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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 · 237 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside+200.0% · Top 25%
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)3.7% · Above median
Balance sheet
Debt / equity0.56× · Above median
Valuation Multiplesvs Telecom Services median · lower = cheaper
P/E (12 months)9.0× · Cheapest 25%
P/B1.07× · 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.
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 SA ADR Fair Value". https://www.fairvalue-calculator.com/stock/TEO
Frequently asked questions
Is Telecom Argentina SA (TEO) overvalued or undervalued?
As of Oct 29, 2026, our model estimates a fair value of $33.27 versus a price of $11.09, about +200% upside (undervalued).
What is the fair value of TEO?
Our model-based fair value for Telecom Argentina SA ADR is $33.27 (as of Oct 29, 2026), built from audited fundamentals. The current price: $11.09.
What is the quality score of TEO?
Telecom Argentina SA ADR has a Quality Score of 40/100. 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 SA (TEO)?
Our model-based price target is the fair value of $33.27 (as of Oct 29, 2026) from 13 valuation models. Cautious scenario $17.71, optimistic scenario $72.47. It is a calculation from audited fundamentals, not an analyst target.
What is the Telecom Argentina SA ADR stock forecast for 2026?
Our models put fair value at $33.27, about +200% upside versus a price of $11.09 (undervalued). Cautious scenario $17.71, optimistic scenario $72.47. The calculation is refreshed regularly with new filings.
What is the revenue of Telecom Argentina SA (TEO)?
Telecom Argentina SA ADR reported trailing-twelve-month revenue of about 8.9T ARS (latest available figure, as of Oct 29, 2026).
Does Telecom Argentina SA ADR pay a dividend?
Telecom Argentina SA ADR currently shows a dividend yield of 3.67% relative to its recent price (as of Oct 29, 2026).
What growth is priced into Telecom Argentina SA (TEO)?
For today's price to be fair in a discounted-cash-flow model, Telecom Argentina SA ADR would have to grow free cash flow by +6.3 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +56.5 % per year. As of Oct 29, 2026.
What discount rate (WACC) does the fair value of TEO use?
Our models discount Telecom Argentina SA ADR at 8.5 %: a base by market capitalisation (mid), damped by beta 0.34, country premium for USA. 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 SA ADR that is +6.3 % per year a year over ten years, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Telecom Argentina SA (TEO) delivered so far?
Over the past 5 years revenue at Telecom Argentina SA ADR grew +56.5 % a year. The price currently implies +6.3 % per year free-cash-flow growth a 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 SA (TEO) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Telecom Argentina SA ADR (+6.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Telecom Argentina SA (TEO)?
The free-cash-flow yield on the price is 8.17 %: that much free cash flow Telecom Argentina SA ADR produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), 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 SA (TEO)?
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 SA ADR it is $33.27 per share (as of Oct 29, 2026), against a price of $11.09. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Telecom Argentina SA ADR stock overvalued or undervalued in 2026?
As of Oct 29, 2026, TEO trades below its calculated fair value: price $11.09, fair value $33.27, a gap of about +200% (undervalued). 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 TEO?
No. The price is what the market pays today ($11.09); the fair value is what the company's own numbers justify ($33.27). For Telecom Argentina SA ADR the two are $22.18 per share apart. That gap is exactly why we show both numbers side by side.
How much is Telecom Argentina SA ADR worth?
The market values Telecom Argentina SA ADR at about $4.8B (market capitalisation, as of Oct 29, 2026). Per share that is $11.09; our models calculate a fair value of $33.27 per share.
What do the bullish and bearish scenarios say about TEO?
Our models span a range for Telecom Argentina SA ADR: cautious scenario $17.71, base $33.27, optimistic $72.47 per share (as of Oct 29, 2026, price $11.09). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TEO?
Telecom Argentina SA ADR trades at a price-to-earnings ratio of 9.0 (as of Oct 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $33.27 is built from several models across several years. Other multiples: PEG 1.4, P/B 1.1, P/S 0.8, EV/EBITDA 4.1.
What is the PEG ratio of TEO?
The PEG ratio of Telecom Argentina SA ADR is 1.41 (P/E divided by earnings growth, as of Oct 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Telecom Argentina SA (TEO)?
Balance-sheet figures for Telecom Argentina SA ADR (as of Oct 29, 2026): return on equity 10.8%, debt of 0.56 per unit of equity. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is TEO from its 52-week high?
Telecom Argentina SA ADR trades at $11.09, about 31% below its 52-week high of $15.98 and 8% above the low of $10.28 (as of Oct 28, 2026). Distance from the high says nothing about value: that is what the fair value of $33.27 is for.
Which stocks are comparable to Telecom Argentina SA ADR?
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 SA ADR stock attractive at the current price?
The data as of Oct 29, 2026: price $11.09, calculated fair value $33.27 (+200%), Quality Score 40/100, from 13 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 TEO calculated?
We run Telecom Argentina SA ADR through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $33.27, 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 13.4 % above its aggregate fair value. Telecom Argentina SA ADR currently trades 67 % 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 SA (TEO)?
The closing price on Oct 28, 2026 was $11.09. Our model-based fair value is $33.27, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Telecom Argentina SA ADR right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($17.71). The market is more pessimistic than our downside scenario. The model range is unusually wide ($17.71 to $72.47). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Telecom Argentina SA ADR
How large is the market capitalisation of Telecom Argentina SA (TEO)?
The market capitalisation of Telecom Argentina SA ADR is $4.8B. 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 are the earnings per share of Telecom Argentina SA (TEO)?
Earnings per share at Telecom Argentina SA ADR are $1.28 (price ÷ EPS = P/E 9.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Telecom Argentina SA (TEO)?
The dividend yield of Telecom Argentina SA ADR is 3.7% (payout 31.8%). 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 SA (TEO)?
The net margin of Telecom Argentina SA ADR is −2.0% (fiscal year 2025). 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 SA (TEO)?
The return on equity (ROE) of Telecom Argentina SA ADR 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 SA (TEO)?
On an EBIT basis the return on assets of Telecom Argentina SA ADR is −7.0% (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 SA (TEO)?
The operating margin of Telecom Argentina SA ADR 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 SA (TEO)?
Revenue at Telecom Argentina SA ADR is growing +0.4% versus a year earlier (3y avg +19.0%). 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 SA (TEO)?
Earnings per share at Telecom Argentina SA ADR are growing +439% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Telecom Argentina SA (TEO) carry?
The net debt of Telecom Argentina SA ADR is 3.8T ARS (fiscal year 2025, ≈ 6.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 29, 2026