(VOD) Vodafone - NASDAQ
Sector: Communication Services | Industry: Telecom Services | Exchange: NASDAQ (USA) | Market Cap: 31.915m USD | Total Return: 35.6% in 12m
Avg Turnover: 46.2M
Warnings
Altman Z'' -1.91 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Vodafone Group Public Limited Company is a UK-headquartered multinational telecommunications provider incorporated in 1984 and based in Newbury. It operates across Germany, the United Kingdom, rest of Europe, Turkey, and South Africa, offering mobile and fixed-line services alongside a broader portfolio that includes IoT connectivity, cloud and edge computing, unified communications, and security solutions. The company also operates M-PESA, one of Africas largest mobile money platforms, which extends its business model beyond traditional connectivity into financial services and digital payments. Vodafone serves both private and public sector customers across industries such as health, banking, retail, transport, utilities, and agriculture.
As a Large Cap stock in the Communication Services sector (Wireless Telecommunication Services), Vodafones business model is built on subscription-based connectivity revenue, enterprise contracts, and infrastructure assets. The industry is highly capital-intensive, with significant ongoing investment in fibre, mobile networks, and shared operations, while growth areas such as IoT platforms, cloud services, and emerging-market mobile money (e.g., M-PESA) provide diversification beyond core voice and data services.
- Germany mobile revenue pressured by 1&1 competition
- IoT and enterprise services drive segment growth
- Vantage Towers stake sale accelerates debt reduction plan
| Net Income: 2.91b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA -2.04 > 1.0 |
| NWC/Revenue: 3.68% < 20% (prev 6.72%; Δ -3.04% < -1%) |
| CFO/TA 0.22 > 3% & CFO 28.1b > Net Income 2.91b |
| Net Debt (49.3b) to EBITDA (26.1b): 1.89 < 3 |
| Current Ratio: 1.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.31b) vs 12m ago -14.75% < -2% |
| Gross Margin: 34.35% > 18% (prev 33.41%; Δ 0.94% > 0.5%) |
| Asset Turnover: 63.25% > 50% (prev 53.42%; Δ 9.83% > 0%) |
| Interest Coverage Ratio: 2.23 > 6 (EBIT TTM 8.06b / Interest Expense TTM 3.62b) |
| A: 0.02 (Total Current Assets 27.1b - Total Current Liabilities 24.0b) / Total Assets 130b |
| B: -0.97 (Retained Earnings -127b / Total Assets 130b) |
| C: 0.06 (EBIT TTM 8.06b / Avg Total Assets 134b) |
| D: 0.67 (Book Value of Equity 50.7b / Total Liabilities 75.5b) |
| Altman-Z'' = -1.91 = D |
| DSRI: 1.14 (Receivables 10.8b/8.23b, Revenue 85.0b/74.2b) |
| GMI: 0.97 (GM 33.41% / 34.35%) |
| AQI: 0.96 (AQ_t 0.53 / AQ_t-1 0.55) |
| SGI: 1.15 (Revenue 85.0b / 74.2b) |
| TATA: -0.19 (NI 2.91b - CFO 28.1b) / TA 130b) |
| Beneish M = -2.87 (Cap -4..+1) = A |
As of June 27, 2026, the stock is trading at USD 13.89 with a total of 2,379,851 shares traded. Over the past week, the price has changed by -2.87%, over one month by -4.65%, over three months by -3.28% and over the past year by +35.61%.
Current recommended Stop Loss: 13.50 (which is 2.8% or 1.3 ATR below the current price).
Vodafone has received a consensus analysts rating of 3.00. Therefore, it is recommended to hold VOD.
- StrongBuy: 0
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 12.5 | -10.1% |
Market Cap EUR = 28.1b (31.9b USD * 0.8793 USD.EUR)
P/E Forward = 30.3951
P/S = 0.7888
P/B = 0.5539
P/EG = 0.6057
Revenue TTM = 85.0b EUR
EBIT TTM = 8.06b EUR
EBITDA TTM = 26.1b EUR
Long Term Debt = 35.9b EUR (from longTermDebt, last quarter)
Short Term Debt = 7.14b EUR (from shortTermDebt, last quarter)
Debt = 65.1b EUR (from shortLongTermDebtTotal, last quarter) + Leases 12.4b
Net Debt = 49.3b EUR (calculated: Debt 65.1b - CCE 15.8b)
Enterprise Value = 77.4b EUR (28.1b + Debt 65.1b - CCE 15.8b)
Interest Coverage Ratio = 2.23 (Ebit TTM 8.06b / Interest Expense TTM 3.62b)
EV/FCF = 4.17x (Enterprise Value 77.4b / FCF TTM 18.6b)
FCF Yield = 23.98% (FCF TTM 18.6b / Enterprise Value 77.4b)
FCF Margin = 21.82% (FCF TTM 18.6b / Revenue TTM 85.0b)
Net Margin = 3.42% (Net Income TTM 2.91b / Revenue TTM 85.0b)
Gross Margin = 34.35% ((Revenue TTM 85.0b - Cost of Revenue TTM 55.8b) / Revenue TTM)
Gross Margin QoQ = 30.47% (prev 37.00%)
Tobins Q-Ratio = 0.59 (Enterprise Value 77.4b / Total Assets 130b)
Interest Expense / Debt = 5.56% (Interest Expense 3.62b / Debt 65.1b)
Taxrate = 47.19% (3.01b / 6.38b)
NOPAT = 4.26b (EBIT 8.06b * (1 - 47.19%))
Current Ratio = 1.13 (Total Current Assets 27.1b / Total Current Liabilities 24.0b)
Debt / Equity = 1.28 (Debt 65.1b / totalStockholderEquity, last quarter 50.7b)
Debt / EBITDA = 1.89 (Net Debt 49.3b / EBITDA 26.1b)
Debt / FCF = 2.66 (Net Debt 49.3b / FCF TTM 18.6b)
Total Stockholder Equity = 56.8b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.16% (Net Income 2.91b / Total Assets 130b)
RoE = 5.13% (Net Income TTM 2.91b / Total Stockholder Equity 56.8b)
RoCE = 8.70% (EBIT 8.06b / Capital Employed (Equity 56.8b + L.T.Debt 35.9b))
RoIC = 3.91% (NOPAT 4.26b / Invested Capital 109b)
WACC = 4.03% (E(28.1b)/V(93.1b) * Re(6.56%) + D(65.1b)/V(93.1b) * Rd(5.56%) * (1-Tc(0.47)))
Discount Rate = 6.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -76.83 | Cagr: -6.78%
[DCF] Terminal Value 73.10% ; FCFF base≈20.2b ; Y1≈17.7b ; Y5≈14.3b
[DCF] Fair Price = 78.31 (EV 230b - Net Debt 49.3b = Equity 180b / Shares 2.30b; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 56.76 | Revenue CAGR: 9.07% | SUE: 0.02 | # QB: 0
EPS current Year (2027-03-31): EPS=1.05 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+0.0% | GrowthRev=+0.0%
EPS next Year (2028-03-31): EPS=1.40 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+33.2% | GrowthRev=+3.3%