Financials Tele2 AB London S.E.

Equities

0QE5

SE0005190220

Wireless Telecommunications Services

Delayed London S.E. 11:36:25 2018-05-22 am EDT 5-day change 1st Jan Change
113 SEK -0.44% Intraday chart for Tele2 AB -.--% -.--%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 93,449 74,926 88,993 58,714 59,923 71,838 - -
Enterprise Value (EV) 1 124,265 104,195 118,674 89,822 89,891 101,211 101,313 100,705
P/E ratio 19.5 x 10.1 x 20.8 x 10.6 x 16.1 x 19.2 x 17.7 x 16.3 x
Yield 8.47% 8.29% 5.23% 23.3% 7.97% 6.8% 7.11% 7.49%
Capitalization / Revenue 3.32 x 2.82 x 3.32 x 2.09 x 2.06 x 2.41 x 2.36 x 2.32 x
EV / Revenue 4.41 x 3.92 x 4.43 x 3.2 x 3.09 x 3.4 x 3.33 x 3.25 x
EV / EBITDA 12 x 9.94 x 10.9 x 7.88 x 7.56 x 8.34 x 8.08 x 7.8 x
EV / FCF 25.7 x 21.4 x 17 x 19.2 x 15.1 x 20 x 18.7 x 15.8 x
FCF Yield 3.89% 4.68% 5.87% 5.22% 6.63% 4.99% 5.35% 6.34%
Price to Book 2.68 x 2.28 x 2.86 x 2.48 x 2.63 x 3.3 x 3.44 x 3.59 x
Nbr of stocks (in thousands) 687,778 689,843 688,651 689,909 691,633 691,933 - -
Reference price 2 135.8 108.6 129.1 85.10 86.54 103.8 103.8 103.8
Announcement Date 2/3/20 2/2/21 2/1/22 1/31/23 1/30/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 28,163 26,554 26,789 28,102 29,099 29,772 30,394 30,962
EBITDA 1 10,344 10,484 10,900 11,395 11,885 12,131 12,542 12,912
EBIT 1 4,735 5,527 5,169 6,890 5,734 5,832 6,221 6,639
Operating Margin 16.81% 20.81% 19.3% 24.52% 19.71% 19.59% 20.47% 21.44%
Earnings before Tax (EBT) 1 3,665 6,855 4,307 5,907 4,578 4,749 5,169 5,474
Net income 1 10,937 7,408 4,306 5,574 3,735 3,762 4,090 4,324
Net margin 38.83% 27.9% 16.07% 19.83% 12.84% 12.64% 13.46% 13.97%
EPS 2 6.950 10.71 6.210 8.030 5.370 5.404 5.865 6.369
Free Cash Flow 1 4,840 4,879 6,970 4,689 5,960 5,051 5,421 6,385
FCF margin 17.19% 18.37% 26.02% 16.69% 20.48% 16.97% 17.84% 20.62%
FCF Conversion (EBITDA) 46.79% 46.54% 63.94% 41.15% 50.15% 41.64% 43.22% 49.45%
FCF Conversion (Net income) 44.25% 65.86% 161.87% 84.12% 159.57% 134.27% 132.56% 147.65%
Dividend per Share 2 11.50 9.000 6.750 19.80 6.900 7.065 7.379 7.777
Announcement Date 2/3/20 2/2/21 2/1/22 1/31/23 1/30/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 7,028 6,744 6,820 7,084 7,454 7,009 7,153 7,253 7,684 7,152 7,348 7,396 7,861 - -
EBITDA 1 2,690 2,798 2,790 2,974 2,833 2,853 2,882 3,150 2,999 2,928 2,915 3,123 3,031 - -
EBIT 1 1,266 2,949 1,228 1,436 1,278 1,264 1,243 1,554 1,485 1,250 1,399 1,618 1,466 - -
Operating Margin 18.01% 43.73% 18.01% 20.27% 17.15% 18.03% 17.38% 21.43% 19.33% 17.48% 19.04% 21.87% 18.65% - -
Earnings before Tax (EBT) 1 1,005 2,673 1,022 1,191 1,022 1,051 1,086 1,295 1,145 998 1,139 1,350 1,148 1,182 1,167
Net income 1 953 2,474 847 994 1,258 849 888 1,063 936 833 924.4 1,110 895.9 945.9 933.8
Net margin 13.56% 36.68% 12.42% 14.03% 16.88% 12.11% 12.41% 14.66% 12.18% 11.65% 12.58% 15.01% 11.4% - -
EPS 2 1.370 3.570 1.220 1.430 1.810 1.220 1.280 1.530 1.340 1.200 1.290 1.594 1.363 1.369 1.351
Dividend per Share 2 6.750 - - - 6.800 - 3.400 - 3.500 - 1.725 - 1.725 - 3.500
Announcement Date 2/1/22 4/21/22 7/19/22 10/20/22 1/31/23 4/21/23 7/18/23 10/18/23 1/30/24 4/18/24 - - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 30,816 29,269 29,681 31,108 29,968 29,373 29,475 28,867
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.979 x 2.792 x 2.723 x 2.73 x 2.521 x 2.421 x 2.35 x 2.236 x
Free Cash Flow 1 4,840 4,879 6,970 4,689 5,960 5,051 5,421 6,385
ROE (net income / shareholders' equity) 8.4% 16% 13.5% 20.3% 16.1% 16.7% 20.3% 21.9%
ROA (Net income/ Total Assets) 3.68% 6.94% 5.75% 7.86% 5.59% 5.3% 5.88% 6.22%
Assets 1 297,363 106,670 74,831 70,954 66,858 70,994 69,522 69,500
Book Value Per Share 2 50.70 47.60 45.10 34.30 32.90 31.50 30.20 28.90
Cash Flow per Share 2 14.10 12.70 14.90 11.90 14.40 14.10 14.10 14.20
Capex 1 3,607 2,749 3,327 3,561 4,053 4,074 4,227 3,583
Capex / Sales 12.81% 10.35% 12.42% 12.67% 13.93% 13.68% 13.91% 11.57%
Announcement Date 2/3/20 2/2/21 2/1/22 1/31/23 1/30/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
103.8 SEK
Average target price
106.2 SEK
Spread / Average Target
+2.29%
Consensus