Financials Vodafone Group Plc

Equities

VOD

GB00BH4HKS39

Wireless Telecommunications Services

Market Closed - London S.E. 11:35:26 2024-05-17 am EDT 5-day change 1st Jan Change
77.18 GBX -0.44% Intraday chart for Vodafone Group Plc +11.21% +12.57%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 44,227 34,034 43,727 39,776 27,419 24,398 - -
Enterprise Value (EV) 1 72,377 76,202 84,270 81,354 60,794 55,556 54,490 53,851
P/E ratio -6.03 x -40.6 x 408 x 20.7 x 2.38 x 19.6 x 13.1 x 11.4 x
Yield 5.54% 7.08% 5.81% 6.07% 8.86% 10.9% 6.91% 6.35%
Capitalization / Revenue 0.98 x 0.76 x 1 x 0.87 x 0.6 x 0.57 x 0.64 x 0.61 x
EV / Revenue 1.61 x 1.69 x 1.92 x 1.78 x 1.33 x 1.32 x 1.43 x 1.34 x
EV / EBITDA 5.12 x 5.12 x 5.86 x 5.35 x 4.15 x 4.38 x 4.97 x 4.36 x
EV / FCF 13.3 x 13.4 x 16.8 x 15 x 12.6 x 5.43 x 22.3 x 17.9 x
FCF Yield 7.52% 7.48% 5.96% 6.68% 7.96% 18.4% 4.49% 5.6%
Price to Book 0.72 x 0.61 x 0.82 x 0.79 x 0.44 x 0.4 x 0.38 x 0.36 x
Nbr of stocks (in thousands) 27,215,847 26,771,934 28,211,023 26,839,146 26,997,639 27,048,895 - -
Reference price 2 1.625 1.271 1.550 1.482 1.016 0.9020 0.9020 0.9020
Announcement Date 5/14/19 5/12/20 5/18/21 5/17/22 5/16/23 5/14/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 45,066 44,974 43,809 45,580 45,706 43,020 37,998 40,303
EBITDA 1 14,139 14,881 14,386 15,208 14,665 13,017 10,972 12,351
EBIT 1 4,474 4,555 5,463 6,690 6,624 4,613 4,294 4,987
Operating Margin 9.93% 10.13% 12.47% 14.68% 14.49% 10.72% 11.3% 12.37%
Earnings before Tax (EBT) 1 - 795 4,400 3,954 12,816 2,622 3,162 3,683
Net income 1 -7,444 -920 112 2,088 11,838 1,697 2,111 2,382
Net margin -16.52% -2.05% 0.26% 4.58% 25.9% 3.94% 5.56% 5.91%
EPS 2 -0.2695 -0.0313 0.003800 0.0717 0.4262 0.0421 0.0688 0.0791
Free Cash Flow 1 5,443 5,700 5,019 5,437 4,842 10,226 2,448 3,015
FCF margin 12.08% 12.67% 11.46% 11.93% 10.59% 6.83% 6.44% 7.48%
FCF Conversion (EBITDA) 38.5% 38.3% 34.89% 35.75% 33.02% 22.58% 22.31% 24.41%
FCF Conversion (Net income) - - 4,481.25% 260.39% 40.9% 173.27% 115.95% 126.58%
Dividend per Share 2 0.0900 0.0900 0.0900 0.0900 0.0900 0.0900 0.0624 0.0572
Announcement Date 5/14/19 5/12/20 5/18/21 5/17/22 5/16/23 5/14/24 - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 Q1 2023 S1 2023 S2 2024 Q1 2024 S1 2024 S2
Net sales 1 21,939 23,035 21,427 22,382 22,489 23,091 11,278 22,930 22,776 10,740 21,937 21,908
EBITDA 7,105 7,776 7,023 7,363 7,565 7,643 - 7,244 7,421 - - -
EBIT 1,681 2,874 2,549 2,914 3,290 3,400 - 3,343 3,281 - 1,655 -
Operating Margin 7.66% 12.48% 11.9% 13.02% 14.63% 14.72% - 14.58% 14.41% - 7.54% -
Earnings before Tax (EBT) - - - - 1,276 2,678 - 1,728 11,088 - - -
Net income - 1,208 1,314 -1,202 996 1,092 - 986 10,852 - - -
Net margin - 5.24% 6.13% -5.37% 4.43% 4.73% - 4.3% 47.65% - - -
EPS - 0.0411 - -0.0407 0.0339 0.0378 - - - - -0.0128 0.0549
Dividend per Share 0.0450 0.0450 0.0450 0.0450 0.0450 0.0450 - 0.0450 0.0450 - - 0.0450
Announcement Date 11/12/19 5/12/20 11/16/20 5/18/21 11/16/21 5/17/22 8/15/22 11/15/22 5/16/23 8/14/23 11/14/23 5/14/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 28,150 42,168 40,543 41,578 33,375 33,242 30,092 29,452
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.991 x 2.834 x 2.818 x 2.734 x 2.276 x 2.502 x 2.743 x 2.385 x
Free Cash Flow 1 5,443 5,700 5,019 5,437 4,842 10,226 2,448 3,015
ROE (net income / shareholders' equity) 2.23% 2.66% 4.08% 5.79% 6.22% 3.67% 4.32% 4.47%
ROA (Net income/ Total Assets) 1.01% 1.06% 1.48% 2.07% 2.37% 0.97% 0.4% 0.4%
Assets 1 -739,960 -86,869 7,574 100,850 498,862 174,717 527,831 595,533
Book Value Per Share 2 2.250 2.090 1.890 1.890 2.290 2.250 2.370 2.470
Cash Flow per Share 2 0.4700 0.5900 0.5800 0.6200 0.6500 0.3300 0.3200 0.3700
Capex 1 7,227 7,411 7,854 8,306 8,378 6,331 7,307 7,391
Capex / Sales 16.04% 16.48% 17.93% 18.22% 18.33% 18.21% 19.23% 18.34%
Announcement Date 5/14/19 5/12/20 5/18/21 5/17/22 5/16/23 5/14/24 - -
1EUR in Million2EUR
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
15
Last Close Price
0.902 EUR
Average target price
1.088 EUR
Spread / Average Target
+20.59%
Consensus
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