Financials Tele2 AB

Equities

TEL2 B

SE0005190238

Wireless Telecommunications Services

Market Closed - Nasdaq Stockholm 08:59:43 26/04/2024 pm IST 5-day change 1st Jan Change
104.6 SEK +1.06% Intraday chart for Tele2 AB +3.77% +20.93%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 93,449 74,926 88,993 58,714 59,923 72,464 - -
Enterprise Value (EV) 1 1,24,265 1,04,195 1,18,674 89,822 89,891 1,00,806 1,02,119 1,01,476
P/E ratio 19.5 x 10.1 x 20.8 x 10.6 x 16.1 x 19.5 x 18.1 x 16.7 x
Yield 8.47% 8.29% 5.23% 23.3% 7.97% 6.71% 6.94% 7.22%
Capitalization / Revenue 3.32 x 2.82 x 3.32 x 2.09 x 2.06 x 2.43 x 2.38 x 2.34 x
EV / Revenue 4.41 x 3.92 x 4.43 x 3.2 x 3.09 x 3.38 x 3.36 x 3.28 x
EV / EBITDA 12 x 9.94 x 10.9 x 7.88 x 7.56 x 8.42 x 8.28 x 8 x
EV / FCF 25.7 x 21.4 x 17 x 19.2 x 15.1 x 19.6 x 18.9 x 16.4 x
FCF Yield 3.89% 4.68% 5.87% 5.22% 6.63% 5.1% 5.3% 6.08%
Price to Book 2.68 x 2.28 x 2.86 x 2.48 x 2.63 x 3.34 x 3.55 x 3.7 x
Nbr of stocks (in thousands) 6,87,778 6,89,843 6,88,651 6,89,909 6,91,633 6,91,933 - -
Reference price 2 135.8 108.6 129.1 85.10 86.54 104.6 104.6 104.6
Announcement Date 03/02/20 02/02/21 01/02/22 31/01/23 30/01/24 - - -
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 29,817 30,402 30,968
EBITDA 1 10,344 10,484 10,900 11,395 11,885 11,967 12,331 12,682
EBIT 1 4,735 5,527 5,169 6,890 5,734 5,531 5,969 6,456
Operating Margin 16.81% 20.81% 19.3% 24.52% 19.71% 18.55% 19.63% 20.85%
Earnings before Tax (EBT) 1 3,665 6,855 4,307 5,907 4,578 4,584 5,017 5,341
Net income 1 10,937 7,408 4,306 5,574 3,735 3,784 4,074 4,331
Net margin 38.83% 27.9% 16.07% 19.83% 12.84% 12.69% 13.4% 13.98%
EPS 2 6.950 10.71 6.210 8.030 5.370 5.377 5.784 6.262
Free Cash Flow 1 4,840 4,879 6,970 4,689 5,960 5,143 5,416 6,174
FCF margin 17.19% 18.37% 26.02% 16.69% 20.48% 17.25% 17.82% 19.93%
FCF Conversion (EBITDA) 46.79% 46.54% 63.94% 41.15% 50.15% 42.97% 43.93% 48.68%
FCF Conversion (Net income) 44.25% 65.86% 161.87% 84.12% 159.57% 135.92% 132.95% 142.55%
Dividend per Share 2 11.50 9.000 6.750 19.80 6.900 7.020 7.262 7.551
Announcement Date 03/02/20 02/02/21 01/02/22 31/01/23 30/01/24 - - -
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 7,401 7,534 7,955 - -
EBITDA 1 2,690 2,798 2,790 2,974 2,833 2,853 2,882 3,150 2,999 2,928 2,912 3,142 3,034 - -
EBIT 1 1,266 2,949 1,228 1,436 1,278 1,264 1,243 1,554 1,485 1,250 1,365 1,597 1,373 - -
Operating Margin 18.01% 43.73% 18.01% 20.27% 17.15% 18.03% 17.38% 21.43% 19.33% 17.48% 18.45% 21.2% 17.27% - -
Earnings before Tax (EBT) 1 1,005 2,673 1,022 1,191 1,022 1,051 1,086 1,295 1,145 998 1,080 1,318 1,093 1,182 1,167
Net income 1 953 2,474 847 994 1,258 849 888 1,063 936 833 898.8 1,104 819.4 945.9 933.8
Net margin 13.56% 36.68% 12.42% 14.03% 16.88% 12.11% 12.41% 14.66% 12.18% 11.65% 12.14% 14.65% 10.3% - -
EPS 2 1.370 3.570 1.220 1.430 1.810 1.220 1.280 1.530 1.340 1.200 1.274 1.582 1.285 1.369 1.351
Dividend per Share 2 6.750 - - - 6.800 - 3.400 - 3.500 - 1.725 - 1.725 - 3.500
Announcement Date 01/02/22 21/04/22 19/07/22 20/10/22 31/01/23 21/04/23 18/07/23 18/10/23 30/01/24 18/04/24 - - - - -
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 28,343 29,656 29,013
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.979 x 2.792 x 2.723 x 2.73 x 2.521 x 2.368 x 2.405 x 2.288 x
Free Cash Flow 1 4,840 4,879 6,970 4,689 5,960 5,143 5,417 6,174
ROE (net income / shareholders' equity) 8.4% 16% 13.5% 20.3% 16.1% 15.9% 19.9% 21.4%
ROA (Net income/ Total Assets) 3.68% 6.94% 5.75% 7.86% 5.59% 5.2% 5.85% 6.23%
Assets 1 2,97,363 1,06,670 74,831 70,954 66,858 72,786 69,604 69,521
Book Value Per Share 2 50.70 47.60 45.10 34.30 32.90 31.30 29.40 28.30
Cash Flow per Share 2 14.10 12.70 14.90 11.90 14.40 14.10 14.40 14.50
Capex 1 3,607 2,749 3,327 3,561 4,053 4,074 4,191 3,686
Capex / Sales 12.81% 10.35% 12.42% 12.67% 13.93% 13.66% 13.79% 11.9%
Announcement Date 03/02/20 02/02/21 01/02/22 31/01/23 30/01/24 - - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
104.6 SEK
Average target price
101.6 SEK
Spread / Average Target
-2.90%
Consensus