(VOD) Vodafone - Ratings and Ratios
Mobile, Fixed, Iot, Cloud, Payments
Dividends
| Dividend Yield | 3.88% |
| Yield on Cost 5y | 4.45% |
| Yield CAGR 5y | -8.60% |
| Payout Consistency | 86.4% |
| Payout Ratio | 96.2% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 23.3% |
| Value at Risk 5%th | 34.5% |
| Relative Tail Risk | -10.05% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.80 |
| Alpha | 55.78 |
| CAGR/Max DD | 0.61 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.326 |
| Beta | 0.299 |
| Beta Downside | 0.400 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.93% |
| Mean DD | 12.57% |
| Median DD | 13.30% |
Description: VOD Vodafone December 17, 2025
Vodafone Group PLC (NASDAQ: VOD) is a UK-based multinational telecom operator serving markets in Germany, the United Kingdom, the broader European region, Turkey, and South Africa. The firm offers a full suite of mobile and fixed-line services, alongside connectivity solutions such as IoT platforms, digital services, and financial products like the M-PESA mobile money system.
Beyond consumer connectivity, Vodafone targets enterprise customers across health, finance, logistics, retail, utilities, and agriculture, delivering unified communications, edge computing, cloud-multi-cloud services, and security offerings. The company also monetises infrastructure assets through fibre leasing and shared-operations agreements.
In FY 2023 Vodafone reported €45 bn of revenue, a 3.2 % year-over-year decline, and an adjusted EBITDA margin of 27 %, reflecting ongoing cost-efficiency programmes. The group’s mobile subscriber base stood at roughly 225 million, with 5G coverage now reaching 60 % of its European population-a key metric for future ARPU growth. Capital expenditure for network expansion was €7.5 bn, driven largely by 5G rollout and edge-computing investments.
Key economic and sector drivers include: (1) the pace of 5G adoption, which directly influences data-intensity and premium pricing; (2) regulatory spectrum fees and the EU’s digital services tax, which affect net margins; and (3) macro-level consumer spending trends in Europe, where inflationary pressures can suppress discretionary telecom spend.
For a deeper quantitative dive, the ValueRay platform’s metric breakdown can help you assess Vodafone’s risk-adjusted upside.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income (-1.68b TTM) > 0 and > 6% of Revenue (6% = 4.75b TTM) |
| FCFTA 0.18 (>2.0%) and ΔFCFTA 5.26pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 4.55% (prev -6.37%; Δ 10.92pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.24 (>3.0%) and CFO 31.48b > Net Income -1.68b (YES >=105%, WARN >=100%) |
| Net Debt (46.82b) to EBITDA (24.72b) ratio: 1.89 <= 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 (2.46b) change vs 12m ago -9.00% (target <= -2.0% for YES) |
| Gross Margin 34.21% (prev 34.47%; Δ -0.26pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 57.97% (prev 42.85%; Δ 15.13pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 3.26 (EBITDA TTM 24.72b / Interest Expense TTM 2.87b) >= 6 (WARN >= 3) |
Altman Z'' -3.79
| (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) 0.07 = EBIT TTM 9.37b / Avg Total Assets 136.62b |
| (D) -1.25 = Book Value of Equity -90.14b / Total Liabilities 72.25b |
| Total Rating: -3.79 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 69.95
| 1. Piotroski 5.50pt |
| 2. FCF Yield 34.31% |
| 3. FCF Margin 28.83% |
| 4. Debt/Equity 1.02 |
| 5. Debt/Ebitda 1.89 |
| 6. ROIC - WACC (= 3.86)% |
| 7. RoE -2.84% |
| 8. Rev. Trend -6.20% |
| 9. EPS Trend 23.00% |
What is the price of VOD shares?
Over the past week, the price has changed by +2.10%, over one month by +8.41%, over three months by +16.93% and over the past year by +63.62%.
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 | 11.4 | -13.1% |
| Analysts Target Price | 11.4 | -13.1% |
| ValueRay Target Price | 15.4 | 17.4% |
VOD Fundamental Data Overview December 27, 2025
P/E Forward = 36.9004
P/S = 0.7956
P/B = 0.4951
P/EG = 0.6057
Beta = 0.263
Revenue TTM = 79.20b EUR
EBIT TTM = 9.37b EUR
EBITDA TTM = 24.72b 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 = 66.55b EUR (26.18b + Debt 53.91b - CCE 13.53b)
Interest Coverage Ratio = 3.26 (Ebit TTM 9.37b / Interest Expense TTM 2.87b)
FCF Yield = 34.31% (FCF TTM 22.83b / Enterprise Value 66.55b)
FCF Margin = 28.83% (FCF TTM 22.83b / Revenue TTM 79.20b)
Net Margin = -2.12% (Net Income TTM -1.68b / Revenue TTM 79.20b)
Gross Margin = 34.21% ((Revenue TTM 79.20b - Cost of Revenue TTM 52.11b) / Revenue TTM)
Gross Margin QoQ = 32.54% (prev 37.00%)
Tobins Q-Ratio = 0.52 (Enterprise Value 66.55b / Total Assets 128.86b)
Interest Expense / Debt = 1.68% (Interest Expense 903.8m / Debt 53.91b)
Taxrate = 50.21% (1.06b / 2.11b)
NOPAT = 4.67b (EBIT 9.37b * (1 - 50.21%))
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 = 1.89 (Net Debt 46.82b / EBITDA 24.72b)
Debt / FCF = 2.05 (Net Debt 46.82b / FCF TTM 22.83b)
Total Stockholder Equity = 59.08b (last 4 quarters mean from totalStockholderEquity)
RoA = -1.30% (Net Income -1.68b / Total Assets 128.86b)
RoE = -2.84% (Net Income TTM -1.68b / Total Stockholder Equity 59.08b)
RoCE = 9.69% (EBIT 9.37b / Capital Employed (Equity 59.08b + L.T.Debt 37.62b))
RoIC = 6.75% (NOPAT 4.67b / Invested Capital 69.17b)
WACC = 2.89% (E(26.18b)/V(80.08b) * Re(7.12%) + D(53.91b)/V(80.08b) * Rd(1.68%) * (1-Tc(0.50)))
Discount Rate = 7.12% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -4.52%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈20.90b ; Y1≈25.78b ; Y5≈43.98b
Fair Price DCF = 317.8 (DCF Value 748.07b / Shares Outstanding 2.35b; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 23.00 | EPS CAGR: 48.67% | SUE: 0.0 | # QB: 0
Revenue Correlation: -6.20 | Revenue CAGR: -3.99% | SUE: 0.79 | # QB: 0
EPS current Year (2026-03-31): EPS=0.51 | Chg30d=-0.216 | Revisions Net=-1 | Growth EPS=-34.8% | Growth Revenue=+8.4%
EPS next Year (2027-03-31): EPS=0.80 | Chg30d=-0.233 | Revisions Net=-1 | Growth EPS=+55.4% | Growth Revenue=+2.9%
Additional Sources for VOD Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle