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Telefonica

  TEF SM

Telephone-Integrated, Mobile Telecoms
 /  Spain 
Empire on which the sun never sets
Updates
Summary Key Data
  12/08A
12/09A
12/10E
12/11E
12/12E
AlphaValue P/E (x) 10.7 9.68
Dividend yield (%) 5.72 7.01
EV/EBITDA (x) 6.15 5.85
AlphaValue EPS (€) 1.63 1.69
Dividend (€) 1.00 1.15
Sales (€M) 57,946 56,731
EBITDA (€M) 22,637 22,603
Attributable net profit (€M) 7,590 7,776
ROE (after tax) (%) 40.6 39.9
ROCE (%) 14.5 12.8
Gearing (%) 284 222
Next Div. Indic € 0.50 payment
Target
Price (€) 17.9
Market Cap (€M) 81,787
Perf. 1W: -0.03 %
Perf. 1M: 0.48 %
Perf. 3M: 19.1 %
Perf Ytd: -8.20 %
Rating
  • Strong momentum corresponding to a continuous and overall positive moving average trend confirmed by volumes
  • Relatively good momentum corresponding to a positively-oriented moving average, but offset by an overbought pattern or lack of confirmation from volumes
  • Relatively unfavorable momentum with a neutral or negative moving average trend, but offset by an oversold pattern or lack of confirmation from volumes
  • Strongly negative momentum corresponding to a continuous and overall negative moving average trend confirmed by volumes
VALUE
RISK
GOVERNANCE
RANKING
Best
Worst
Businesses & Trends
Telefónica has one of the most international profiles in the sector with more than 60% of its business outside its home market and ... Read More
Money Making
Telefónica generates EBITDA margins of 40% in Latin America and 45% in Spain (with a rather friendly regulator). In the rest of Eur... Read More
Valuation
For those who worry about Spain and Latin America, it is best to stay away from Telefónica. However, planning ahead, it is undenia... Read More
Analyst: Jean-Michel Salvador
Concepts
Business concepts
  • Certain / boring cash fl...
  • Asset based
  • CF funded capacity exp...
  • Government power plays
Investment Concepts
  • Free cash flow story
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