Obermatt

NOS

LIS:NOS · PTZON0AM0006
Diversified Telecommunication ServicesLarge

360

78
EV / EBIT52
Price / Owner Earnings59
Owner Earnings Yield94
Dividend Yield87
Price/Sales48
EV / Gross Profit71
Price/Book45
Return on Capital71
Cash Return on Capital94
Return on Equity76
EBIT Margin55
Gross Profitability84
Cash Conversion58
Accruals70
Owner Earnings Margin92
Sales growth47
Profit Growth47
Long-Term EPS Growth43
Owner Earnings Growth55
Reinvestment13
Price momentum76
Debt load34
Refinancing56
Debt Payback67
Liquidity51
Analyst ratings18
Opinion Changes25
Price Target Upside19
Market mood55
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

NOS generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryPortugal
IndustryDiversified Telecommunication Services
SizeLarge
TypePublic Company
ExchangeENXTLS
Founded1999
Employees2,505
Websitenos.pt
ISINPTZON0AM0006
Last UpdateApr 2, 2026
Themes
Video GamesVideo StreamingContent CreationNetwork BackboneDigital MediaVoIPVideo AdvertisingStreaming MediaVideo-on-Demand ServersEnterprise Voip and TelephonyMedia and EntertainmentTelecommunications

Description

NOS, S.G.P.S., S.A. offers integrated telecommunications services worldwide. The company is a subsidiary of ZOPT, SGPS, S.A. Telecoms The company offers fixed and mobile solutions, Internet, voice and data for various market segments, such as resid…

Analysis

Hidden champion

NOS, S.G.P.S., S.A. is what we call a hidden champion: a strong business that the market is not pricing as one.

The price is attractive. You pay 6.9× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -8% yearly growth; analysts expect 1%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is adequate. The company scores 20/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

What to watch: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
34
2023202420252026

All-time high

41

Mar 2026

All-time low

14

Sep 2025

Average rank

24

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
48
31
28
38
Price/Earnings
50
34
29
41
Price/Book
45
27
25
27
Dividend Yield
87
100
94
84
Value (overall)
68
61
44
26

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →