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Globe Telecom
(OTC:GTMEY)
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Rating:64Neutral
Price Target:
$27.00
â–¼(-0.88% Downside)
Action:Reiterated
Date:08/10/26
The score is primarily driven by solid core profitability but constrained by high leverage and weaker cash-flow conversion. Valuation is attractive (low P/E and high dividend yield) and the earnings call was broadly constructive with reiterated guidance and strong service-revenue momentum, but technical indicators remain bearish in the near term.
Positive Factors
Recurring connectivity growth
Growth in mobile data revenue, usage and users strengthens Globe’s recurring connectivity base. Increasing data adoption can support durable monetization of network investments, improve customer engagement and provide a foundation for continued service-revenue expansion over the next several quarters.
Negative Factors
Elevated leverage
Although leverage improved from 2025, debt-to-equity remains high for a capital-intensive telecom operator. This can constrain financial flexibility, increase sensitivity to refinancing and interest-rate conditions, and limit the capacity to fund growth or absorb weaker operating periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring connectivity growth
Growth in mobile data revenue, usage and users strengthens Globe’s recurring connectivity base. Increasing data adoption can support durable monetization of network investments, improve customer engagement and provide a foundation for continued service-revenue expansion over the next several quarters.
Read all positive factors
Globe Telecom (GTMEY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.62B
Dividend Yield7.03%
Average Volume (3M)3.00
Price to Earnings (P/E)13.0
Beta (1Y)0.19
Revenue Growth0.37%
EPS Growth-6.86%
CountryUS
Employees6,806
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)138.25
Shares Outstanding144,631,580
10 Day Avg. Volume0
30 Day Avg. Volume3
Financial Highlights & Ratios
PEG Ratio-3.64
Price to Book (P/B)1.36
Price to Sales (P/S)1.08
P/FCF Ratio9.34
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Globe Telecom Business Overview & Revenue Model
Company Description
Globe Telecom, Inc., a prominent telecommunications provider based in the Philippines, offers a comprehensive suite of services to a broad spectrum of clients, ranging from individual consumers and small-to-medium enterprises to large corporate an...
How the Company Makes Money
Globe Telecom primarily makes money by selling telecommunications and connectivity services to consumers and businesses. Key revenue streams typically include: (1) Mobile services: recurring and usage-based revenues from prepaid and postpaid subsc...
Globe Telecom Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Positive
The call conveys a largely positive operational and strategic performance: record service revenues, double-digit data growth, healthy EBITDA and margins, strong momentum in mobile, broadband, corporate data and platform businesses (Mynt and STT GDC). Key strategic milestones include Mynt's IPO filing, robust network and data center expansion, and sustainability progress. The primary negatives are one-off and accounting-related impacts (lower dilution gains from Mynt), higher nonoperating/finance charges, and rising operating costs; management asserts these are being offset by top-line growth and remain confident in guidance and capital discipline. Overall, the positives — recurring revenue growth, margin resilience, platform scaling and strategic execution — materially outweigh the lowlights.Positive Updates
Record Consolidated Service Revenues
Consolidated gross service revenues reached an all-time high of PHP 85.4 billion for the first 6 months of 2026, up 6% year-on-year; Q2 consolidated GSR was PHP 43.4 billion, up 3% quarter-on-quarter and the highest quarterly service revenues on record.
Negative Updates
Reported Net Income Decline
Reported net income for the first half fell to PHP 11.0 billion (an ~11% year-on-year decline), primarily due to a lower net gain from the dilution of Globe's stake in Mynt and higher nonoperating charges including FX losses and higher interest expense.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Consolidated Service Revenues
Consolidated gross service revenues reached an all-time high of PHP 85.4 billion for the first 6 months of 2026, up 6% year-on-year; Q2 consolidated GSR was PHP 43.4 billion, up 3% quarter-on-quarter and the highest quarterly service revenues on record.
Read all positive updates
Company Guidance
Globe reiterated full‑year guidance for low‑ to mid‑single‑digit consolidated revenue growth (noting first‑half GSR of PHP85.4 billion, +6% YoY and trending toward the higher end of that range), an EBITDA margin target of around 50% (H1 EBITDA margin 52.6%, Q2 margin 52.3%; H1 EBITDA PHP44.9 billion, +6% YoY; Q2 EBITDA PHP22.7 billion, +2% QoQ), and intent to keep capital expenditures below USD 1 billion (H1 CapEx PHP26.3 billion, Q2 CapEx ≈31% of service revenues, ~91% data‑related); the Board also approved a quarterly cash dividend of PHP25.00 per share (record date Aug 18, payment Sep 3). Supporting operational metrics cited against this guidance include Q2 consolidated GSR PHP43.4 billion (+3% QoQ), core net income H1 PHP10.2 billion (Q2 core net income PHP5.3 billion, +7% QoQ), mobile revenues H1 PHP60.4 billion (+6% YoY) with mobile data H1 PHP53.9 billion (+10% YoY), broadband H1 PHP12.4 billion (+6% YoY) with 2.4 million subscribers, corporate data H1 PHP11 billion (+15% YoY), 67.7 million mobile subscribers (39.6 million mobile data users, +5% YoY), 3,723 PB data traffic, 878 new 5G sites and 80,052 new FTTH lines deployed in H1, and Mynt contributing 28% of Globe’s net income before tax in H1.Globe Telecom Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 185.45B | 182.25B | 183.06B | 179.68B | 176.65B | 174.24B |
| Gross Profit | 126.80B | 111.36B | 113.59B | 112.91B | 110.09B | 111.59B |
| EBITDA | 100.91B | 100.66B | 96.41B | 91.63B | 100.56B | 81.42B |
| Net Income | 22.07B | 23.79B | 24.64B | 24.45B | 34.88B | 24.46B |
Balance Sheet | ||||||
| Total Assets | 671.38B | 655.66B | 633.64B | 611.63B | 555.68B | 458.46B |
| Cash, Cash Equivalents and Short-Term Investments | 19.70B | 25.02B | 21.35B | 16.65B | 18.03B | 24.24B |
| Total Debt | 401.59B | 415.33B | 365.57B | 338.68B | 287.44B | 229.93B |
| Total Liabilities | 493.60B | 511.19B | 465.86B | 451.70B | 403.14B | 344.06B |
| Stockholders Equity | 177.74B | 144.42B | 167.75B | 159.87B | 152.19B | 114.10B |
Cash Flow | ||||||
| Free Cash Flow | 12.79B | 21.04B | 28.59B | 9.82B | -38.49B | -27.67B |
| Operating Cash Flow | 53.89B | 68.14B | 84.78B | 80.45B | 62.88B | 65.14B |
| Investing Cash Flow | -36.06B | -37.95B | -30.75B | -54.48B | -71.58B | -96.56B |
| Financing Cash Flow | -26.32B | -26.04B | -49.46B | -27.56B | 2.20B | 36.06B |
Globe Telecom Technical Analysis
Negative
27.24
Price Trends
27.89
Negative
27.95
Negative
27.47
Negative
Market Momentum
-0.74
Negative
39.80
Neutral
32.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GTMEY, the sentiment is Negative. The current price of 27.24 is above the 20-day moving average (MA) of 26.20, below the 50-day MA of 27.89, and below the 200-day MA of 27.47, indicating a bearish trend. The MACD of -0.74 indicates Negative momentum. The RSI at 39.80 is Neutral, neither overbought nor oversold. The STOCH value of 32.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GTMEY.
Globe Telecom Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $3.93B | 8.55 | 22.58% | 8.46% | -1.72% | -18.30% | |
71 Outperform | $14.86B | 14.95 | 13.16% | 8.62% | -3.37% | -27.49% | |
69 Neutral | $4.28B | 11.00 | 7.05% | 4.32% | 16.11% | 2.15% | |
68 Neutral | $16.01B | 24.04 | 21.02% | 6.50% | 29.10% | -29.84% | |
67 Neutral | $71.04B | 13.17 | 21.99% | 2.57% | 13.40% | 75.68% | |
64 Neutral | $3.62B | 12.95 | 13.23% | 7.03% | 0.37% | -6.86% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
GTMEY
Globe Telecom
25.58
-1.49
-5.50%
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PHI
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TKC
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TIGO
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117.82%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.