(VOD) Vodafone - Ratings and Ratios
Mobile, Fixed, IoT, Cloud, M-Pesa
Dividends
| Dividend Yield | 4.09% |
| Yield on Cost 5y | 4.56% |
| Yield CAGR 5y | -8.60% |
| Payout Consistency | 86.4% |
| Payout Ratio | 101.4% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 27.7% |
| Value at Risk 5%th | 41.1% |
| Relative Tail Risk | -9.71% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.40 |
| Alpha | 38.85 |
| CAGR/Max DD | 0.42 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.430 |
| Beta | 0.309 |
| Beta Downside | 0.454 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.93% |
| Mean DD | 12.80% |
| Median DD | 13.30% |
Description: VOD Vodafone October 14, 2025
Vodafone Group PLC (NASDAQ: VOD) is a UK-incorporated telecommunications operator that delivers mobile and fixed-line services across Germany, the United Kingdom, the broader European market, Turkey, and South Africa. Its core portfolio includes consumer voice and data plans, enterprise connectivity, and a suite of digital solutions.
Beyond traditional telecoms, Vodafone monetises IoT platforms, cloud-and-edge infrastructure, and the M-PESA mobile-money ecosystem in Africa. The firm also offers unified communications, security services, and fibre-lease arrangements, positioning itself as a one-stop provider for both private and public-sector clients in health, finance, logistics, retail, utilities, and agriculture.
Key financial and operational metrics that have moved the needle in 2024 include: • Core earnings (EBITDA) of €13.2 bn, reflecting a 5.8 % YoY increase driven by higher enterprise data consumption; • Post-capex free cash flow of €5.1 bn, supporting a dividend yield of ~6.5 % and a net-debt-to-EBITDA ratio of 1.9×, which remains above the industry median of ~1.5×; • Subscriber base of ~308 million connections, with 5G penetration now at 42 % of total mobile users, outpacing the European average of 35 %.
Sector-level drivers that materially affect Vodafone’s outlook are the rollout of 5G spectrum (which is expected to lift average revenue per user (ARPU) by 3-4 % annually), the macro-economic pressure on discretionary consumer spend in Europe, and the continued growth of mobile-money transactions in emerging markets-M-PESA alone processed over $30 bn in transaction volume in 2023, a 12 % YoY rise.
For a deeper, data-rich assessment of Vodafone’s valuation dynamics, you may find it worthwhile to explore the analyst tools on ValueRay, where scenario-based modeling can help quantify the impact of 5G rollout speed and debt-reduction pathways.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income (-845.3m TTM) > 0 and > 6% of Revenue (6% = 4.90b TTM) |
| FCFTA 0.18 (>2.0%) and ΔFCFTA 5.94pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 4.41% (prev -5.59%; Δ 10.00pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.25 (>3.0%) and CFO 31.93b > Net Income -845.3m (YES >=105%, WARN >=100%) |
| Net Debt (46.82b) to EBITDA (25.48b) ratio: 1.84 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.17 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (2.45b) change vs 12m ago -9.39% (target <= -2.0% for YES) |
| Gross Margin 35.36% (prev 32.78%; Δ 2.59pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 59.83% (prev 48.80%; Δ 11.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.67 (EBITDA TTM 25.48b / Interest Expense TTM 2.87b) >= 6 (WARN >= 3) |
Altman Z'' -3.73
| (A) 0.03 = (Total Current Assets 25.30b - Total Current Liabilities 21.70b) / Total Assets 128.86b |
| (B) -0.96 = Retained Earnings (Balance) -123.36b / Total Assets 128.86b |
| (C) 0.08 = EBIT TTM 10.56b / Avg Total Assets 136.62b |
| (D) -1.25 = Book Value of Equity -90.14b / Total Liabilities 72.25b |
| Total Rating: -3.73 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 73.83
| 1. Piotroski 6.50pt |
| 2. FCF Yield 35.82% |
| 3. FCF Margin 28.61% |
| 4. Debt/Equity 1.02 |
| 5. Debt/Ebitda 1.84 |
| 6. ROIC - WACC (= 8.12)% |
| 7. RoE -1.43% |
| 8. Rev. Trend -2.58% |
| 9. EPS Trend -37.19% |
What is the price of VOD shares?
Over the past week, the price has changed by +5.21%, over one month by +4.13%, over three months by +6.88% and over the past year by +45.64%.
Is VOD a buy, sell or hold?
- Strong Buy: 0
- Buy: 0
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the VOD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10.3 | -17.2% |
| Analysts Target Price | 10.3 | -17.2% |
| ValueRay Target Price | 14.1 | 12.7% |
VOD Fundamental Data Overview November 25, 2025
P/E Forward = 16.2075
P/S = 0.7444
P/B = 0.4737
P/EG = 0.6057
Beta = 0.263
Revenue TTM = 81.74b EUR
EBIT TTM = 10.56b EUR
EBITDA TTM = 25.48b EUR
Long Term Debt = 37.62b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 7.39b EUR (from shortTermDebt, last quarter)
Debt = 53.91b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 46.82b EUR (from netDebt column, last quarter)
Enterprise Value = 65.29b EUR (24.91b + Debt 53.91b - CCE 13.53b)
Interest Coverage Ratio = 3.67 (Ebit TTM 10.56b / Interest Expense TTM 2.87b)
FCF Yield = 35.82% (FCF TTM 23.39b / Enterprise Value 65.29b)
FCF Margin = 28.61% (FCF TTM 23.39b / Revenue TTM 81.74b)
Net Margin = -1.03% (Net Income TTM -845.3m / Revenue TTM 81.74b)
Gross Margin = 35.36% ((Revenue TTM 81.74b - Cost of Revenue TTM 52.83b) / Revenue TTM)
Gross Margin QoQ = 37.00% (prev 37.00%)
Tobins Q-Ratio = 0.51 (Enterprise Value 65.29b / Total Assets 128.86b)
Interest Expense / Debt = 1.68% (Interest Expense 903.8m / Debt 53.91b)
Taxrate = 26.47% (598.8m / 2.26b)
NOPAT = 7.76b (EBIT 10.56b * (1 - 26.47%))
Current Ratio = 1.17 (Total Current Assets 25.30b / Total Current Liabilities 21.70b)
Debt / Equity = 1.02 (Debt 53.91b / totalStockholderEquity, last quarter 52.82b)
Debt / EBITDA = 1.84 (Net Debt 46.82b / EBITDA 25.48b)
Debt / FCF = 2.00 (Net Debt 46.82b / FCF TTM 23.39b)
Total Stockholder Equity = 59.08b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.66% (Net Income -845.3m / Total Assets 128.86b)
RoE = -1.43% (Net Income TTM -845.3m / Total Stockholder Equity 59.08b)
RoCE = 10.92% (EBIT 10.56b / Capital Employed (Equity 59.08b + L.T.Debt 37.62b))
RoIC = 11.22% (NOPAT 7.76b / Invested Capital 69.17b)
WACC = 3.10% (E(24.91b)/V(78.82b) * Re(7.15%) + D(53.91b)/V(78.82b) * Rd(1.68%) * (1-Tc(0.26)))
Discount Rate = 7.15% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -4.73%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈21.08b ; Y1≈26.01b ; Y5≈44.37b
Fair Price DCF = 316.6 (DCF Value 754.68b / Shares Outstanding 2.38b; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -37.19 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: -2.58 | Revenue CAGR: -0.33% | SUE: 1.01 | # QB: 1
Additional Sources for VOD Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle