NOS.LS

Strong BuyFull HouseAI neutral

NOS, S.G.P.S., S.A. · Communication Services · Portugal · $3.2B cap · $3.2M/day traded

EUR 5.18 -0.2% · close 12 Oct · scored 14 Oct

StockRank up 5.3 since 13 Oct: Momentum up 9.

Full House: Strong business, sensible price, market agrees. The rare full house.

89
StockRank
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Quality
55
Value
63
Momentum
71

As of 14 Oct 2026, MoatMap's StockRank for NOS, S.G.P.S., S.A. (NOS.LS) is 89/100, ranked against 24,000+ stocks in 35 markets (Quality 55, Value 63, Momentum 71, each scored against its sector).

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
10.0x
peers 9.1x
ROE
26.4%
peers 10.1%
D/E
1.6x
peers 0.7x
Dividend %
8.7%
trailing yield
AI CONVICTION THESIS

NOS is a leading Portuguese telecommunications and entertainment group generating predictable domestic cash flow from fixed broadband, mobile, and cinema exhibition. While management conducts modest share repurchases, forward consensus earnings estimates have recently drifted downward and the business operates in a mature, capital-intensive domestic market facing persistent capital expenditures for 5G deployment and imminent low-cost mobile market entry.

ABOUT NOS, S.G.P.S., S.A.

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NOS, S.G.P.S., S.A. together with its subsidiaries, engages in the telecommunications and entertainment business. The company offers cable and satellite television, voice and internet access, mobile broadband internet access and mobile voice; and voice over internet protocol services.

FINANCIAL SUMMARY (EUR)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue1.5B1.6B1.7B1.8B6.2%1.9B1.9B1.9B1.5%
EPS (EUR)0.440.350.540.482.9%0.520.440.45-2.7%
Shares511.2M511.4M511.3M511.7M+0.1%512.5M———
Debt1.6B1.7B1.5B1.7B0.8%1.7B———
Equity1.0B988.1M1.1B1.1B2.2%————
Op CF642.4M728.7M903.4M817.9M8.4%833.0M———
Inv CF-330.8M-442.2M-376.8M-554.2M—————
Fin CF-313.7M-286.1M-526.4M-262.2M—————
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PRICE (1Y) · EUR+3.0%
4.95.15.25.45.631 Aug22 Sep12 Oct
SMA 50SMA 200

Price checkIn an uptrendExperimental

Above its 200-day average and 7% below its 52-week high.

SwingsCalm

Calmer than 88% of stocks we rank over the past year (22% a year).

How this is worked out

StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.

The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
EUR 5.18
RSI (14)
25.6
52-Week Range-6.7% from high
Low EUR 3.31High EUR 5.55

SCORE BREAKDOWN

Quality
55
ROIC
13.4%71.4
ROE
26.4%87.9
GP/Assets
29.8%59.7
Op. Margin
19.2%76.3
FCF/Assets
7.2%63.0
Piotroski
532.4
Int. Cover
5.5x45.7
D/E Ratio
1.64x13.1
Current Ratio
0.54x7.3
Value
63
P/E (TTM)
10.0x76.4
EV/EBITDA
6.8x62.7
P/FCF
10.9x60.9
P/B
2.6x34.8
P/S
1.4x50.4
Div Yield
8.7%92.0
Momentum
71
52W High %
93%89.0
RS 6M
1%70.1
SMA 50/200
1.05x71.1
EPS Rev 4W
+2.3%92.7
EPS Rev 12W
+2.6%80.5
EPS Improve
-14%17.0
Q Growth
34%69.6

FUNDAMENTALS

Market Cap
$3.2B
P/E (Forward)
11.6x
Gross Margin
57.7%

SECTOR PEERS

Closest peers in Communication Services, ranked by industry match, size, and score similarity. Cross-listings of NOS.LS are excluded.

TickerCompanyMkt CapStockRankSignal
NOS.LSNOS, S.G.P.S., S.A.(you)$3.2B89Strong Buy
SNC.LSSonaecom, SGPS, S.A.$1.0B64Hold
SLBEN.LSSport Lisboa e Benfica - Futebol, SAD$176M54Hold

Peer medians: ROE 10.1% · P/E 9.1x · Gross margin 29.6%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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NOS, S.G.P.S., S.A. (NOS.LS): Stock Score Summary

NOS, S.G.P.S., S.A. (NOS.LS) has a MoatMap StockRank of 89/100 based on Quality (55/100), Value (63/100), and Momentum (71/100) factor scores. The current signal is STRONG BUY. NOS is a leading Portuguese telecommunications and entertainment group generating predictable domestic cash flow from fixed broadband, mobile, and cinema exhibition. While management conducts modest share repurchases, forward consensus earnings estimates have recently drifted downward and the business operates in a mature, capital-intensive domestic market facing persistent capital expenditures for 5G deployment and imminent low-cost mobile market entry.

NOS, S.G.P.S., S.A. together with its subsidiaries, engages in the telecommunications and entertainment business. The company offers cable and satellite television, voice and internet access, mobile broadband internet access and mobile voice; and voice over internet protocol services.

Key Financial Metrics

PriceEUR 5.18
Market Cap$3.2B
P/E (TTM)9.98
P/E (Forward)11.63
Price/Book2.58
Return on Equity26.4%
Return on Invested Capital13.4%
Debt/Equity1.64x
Gross Margin57.7%
Operating Margin19.2%
Revenue Growth0.0%
Dividend Yield8.7%
Free Cash Flow$290M

NOS, S.G.P.S., S.A. operates in the Telecom Services industry, part of the Communication Services sector (Portugal).

Frequently Asked Questions

What is NOS, S.G.P.S., S.A.’s (NOS.LS) StockRank?
MoatMap’s StockRank for NOS, S.G.P.S., S.A. (NOS.LS) is 89/100, with a Strong Buy signal. It is a composite of Quality (55), Value (63), and Momentum (71), each scored against its sector. The composite is then ranked across MoatMap’s universe of 24,000+ stocks.
Does NOS, S.G.P.S., S.A. have an economic moat?
NOS, S.G.P.S., S.A. (NOS.LS) has a Quality factor score of 55/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is NOS, S.G.P.S., S.A. a buy, hold, or sell?
MoatMap’s current signal for NOS, S.G.P.S., S.A. (NOS.LS) is Strong Buy, based on a StockRank of 89/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is NOS, S.G.P.S., S.A. in?
NOS, S.G.P.S., S.A. (NOS.LS) operates in the Communication Services sector, specifically the Telecom Services industry (Portugal).