Valuation Deutsche Telekom AG

Equities

Market Closed - Xetra Other stock markets 11:35:27 2026-03-06 am EST			5-day change	1st Jan Change
32.86 ^EUR	-0.60%		-3.61%	+18.80%

Mar. 06	Deutsche Börse News: Inflation fears drive yields higher (Bonds)	DP
Mar. 03	Nokia Adds Vodafone, Telefonica, Other Telcos to Network-as-Code Platform	MT

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	77,318	92,667	108,156	141,518	131,476	158,611	-	-
Change	-	19.85%	16.71%	30.85%	-7.1%	20.64%	-	-
Enterprise Value (EV) ¹	209,460	235,092	240,435	278,845	131,476	289,421	283,865	316,667
Change	-	12.24%	2.27%	15.98%	-52.85%	120.13%	-1.92%	11.56%
P/E ratio	18.7x	11.6x	6.09x	12.7x	14x	16.3x	14.9x	13.4x
PBR	1.9x	1.91x	1.9x	2.24x	-	2.11x	2.21x	2.24x
PEG	-	0.1x	0x	-0.3x	-1.1x	6.34x	1.61x	1.2x
Capitalization / Revenue	0.71x	0.81x	0.97x	1.22x	1.1x	1.29x	1.26x	1.2x
EV / Revenue	1.93x	2.05x	2.15x	2.41x	1.1x	2.36x	2.25x	2.4x
EV / EBITDA	5.61x	5.85x	5.94x	6.48x	2.97x	6.21x	5.81x	6.16x
EV / EBIT	12.5x	11x	10.3x	10.8x	5.3x	10.6x	9.3x	9.72x
EV / FCF	23.8x	20.4x	14.9x	14.6x	-	14.6x	13.2x	14.6x
FCF Yield	4.21%	4.89%	6.71%	6.87%	-	6.85%	7.58%	6.86%
Dividend per Share ²	0.64	0.7	0.77	0.9	-	1.127	1.273	1.453
Rate of return	3.93%	3.76%	3.54%	3.12%	-	3.43%	3.88%	4.42%
EPS ²	0.87	1.612	3.57	2.27	1.97	2.021	2.207	2.459
Distribution rate	73.6%	43.4%	21.6%	39.6%	-	55.8%	57.7%	59.1%
Net sales ¹	108,794	114,413	111,985	115,769	119,081	122,812	125,925	131,961
EBITDA ¹	37,330	40,208	40,497	43,021	44,244	46,637	48,818	51,404
EBIT ¹	16,749	21,330	23,277	25,853	24,822	27,371	30,527	32,582
Net income ¹	4,176	8,001	17,788	11,209	9,609	9,743	10,836	11,344
Net Debt ¹	132,142	142,425	132,279	137,327	-	130,810	125,254	158,056
Reference price ²	16.30	18.64	21.75	28.89	27.66	32.86	32.86	32.86
Nbr of stocks (in thousands)	4,743,456	4,971,941	4,972,701	4,898,512	4,753,303	4,826,872	-	-
Announcement Date	2/24/22	2/23/23	2/23/24	2/26/25	2/26/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
DEUTSCHE TELEKOM AG	16.26x	2.36x	6.21x	3.43%	184B
CHINA MOBILE LIMITED	10.54x	1.27x	3.92x	7.11%	222B
VERIZON COMMUNICATIONS, INC.	10.53x	2.55x	6.92x	5.5%	216B
NTT, INC.	11.98x	1.7x	7.04x	3.51%	78.06B
CHINA TELECOM CORPORATION LIMITED	11.89x	0.8x	2.94x	6.22%	76.25B
AMÉRICA MÓVIL, S.A.B. DE C.V.	14.69x	2.05x	5.17x	2.45%	71.88B
SINGAPORE TELECOMMUNICATIONS LIMITED	29.67x	6.15x	22.24x	3.67%	64.43B
SAUDI TELECOM COMPANY	14.52x	2.43x	7.56x	5.26%	55.84B
ORANGE	33.3x	1.84x	6.14x	4.39%	53.88B
SWISSCOM AG	27.1x	3.62x	8x	3.76%	47.79B
Average	18.05x	2.48x	7.62x	4.53%	106.97B
Weighted average by Cap.	15.25x	2.25x	6.75x	4.92%