Fundamental Analysis Report – Bezeq (BEZQ)

In-depth Analysis Report – Bezeq Israel Telecommunications Company Ltd. (TASE: BEZQ)
 A professional and comprehensive research report on Bezeq Group – the largest and leading communications group in Israel, providing a full range of fixed, cellular, high-speed internet, data communications, cloud, satellite and IP-based multi-channel television, and corporate networks. The group enjoys the status of a national infrastructure, a broad and stable customer base, and ongoing investments in advanced technologies such as fiber optics and 5G.
 The document includes a full analysis of the second quarter results for 2025, with an in-depth examination of the performance of the main operating segments – Bezeq Fixed Line, Pelephone, Yes and Bezeq International – alongside an up-to-date assessment of the capital structure, liquidity and leverage ratios, cash flow and profitability. It also includes a combined valuation model (DCF and EV/EBITDA multiple) with a reasoned target price forecast.
 ✔ Strategic review of growth drivers – fiber deployment, 5G network expansion, ARPU growth across all sectors, and expansion of cloud and business data services
 ✔ Balance sheet analysis and financial strength ratios: Net Debt/EBITDA, current ratio, quick ratio, return on equity and capital structure
 ✔ Dual valuation – DCF and EV/EBITDA multiple – with weighting of growth forecasts, dividend distribution and positive regulatory impacts
 ✔ Review of regulatory, competitive and macroeconomic risks in a changing market environment
 Perfect for investors looking for exposure to a stable communications infrastructure stock with potential returns and consistent cash flow over time.