Overview Dividends

(TEF) Telefonica - Ratings and Ratios

Exchange: NYSE • Country: Spain • Currency: USD • Type: Common Stock • ISIN: US8793822086

Mobile, Fixed, Broadband, Cloud, TV

Integrated Telecommunication Services
Market Cap in USD: 22,732m

IPO / Inception: 1987-06-11
Return 12m vs S&P 500: -12.2%

EPS (Earnings per Share)

EPS CAGR: 30.33%
EPS Trend: 0.2%

Last SUE: -0.55
Qual. Beats: 0

Revenue

Rev. CAGR: -0.88%
Rev. Trend: -24.9%

Last SUE: 0.15
Qual. Beats: 0

Dividends

Dividend Yield	8.92%
Yield on Cost 5y	11.65%
Yield CAGR 5y	-4.04%
Payout Consistency	73.0%
Payout Ratio	111.2%

Risk via 5d forecast
Volatility	23.5%
Value at Risk 5%th	39.4%
Relative Tail Risk	2.07%

Reward TTM
Sharpe Ratio	0.15
Alpha	-0.49
CAGR/Max DD	0.25

Character TTM
Hurst Exponent	0.279
Beta	0.065
Beta Downside	-0.043

Drawdowns 3y
Max DD	29.10%
Mean DD	6.35%
Median DD	4.81%

Description: TEF Telefonica December 17, 2025

Telefónica S.A. (NYSE: TEF) is a multinational telecom operator headquartered in Madrid, delivering a broad portfolio that spans mobile voice, data, and value-added services; fixed-line and broadband offerings (including FTTH, VDSL and VoIP); wholesale interconnection and fiber-leasing; and an expanding suite of digital products such as the Aura AI ecosystem, Movistar Home, cloud, security, advertising and big-data services. Its operations are concentrated in Europe and Latin America, serving both consumer and enterprise customers through integrated networks and a growing digital services platform.

Key data points (as of FY 2023) include €57 bn of total revenue, an EBITDA margin of roughly 30 % and net debt of €50 bn, reflecting the capital-intensive nature of fiber rollout and 5G deployment. Subscriber trends show a modest decline in traditional mobile lines (-1.2 % YoY) but a 7 % increase in broadband customers, driven by accelerated digital adoption in Spain and Brazil. The primary macro drivers are 5G rollout intensity, eurozone inflation pressures on capex, and Latin-American macro-risk (currency volatility, GDP slowdown), all of which materially affect cash-flow generation and leverage ratios.

For a deeper, data-rich assessment of TEF’s valuation dynamics, you may find ValueRay’s analytical toolkit useful.

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (-2.12b TTM) > 0 and > 6% of Revenue (6% = 2.30b TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA -0.57pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -9.24% (prev -9.39%; Δ 0.15pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.12 (>3.0%) and CFO 11.05b > Net Income -2.12b (YES >=105%, WARN >=100%)

Net Debt (38.51b) to EBITDA (14.30b) ratio: 2.69 <= 3.0 (WARN <= 3.5)

Current Ratio 0.84 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (5.64b) change vs 12m ago 0.05% (target <= -2.0% for YES)

Gross Margin 59.93% (prev 49.87%; Δ 10.07pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 39.65% (prev 40.38%; Δ -0.73pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.69 (EBITDA TTM 14.30b / Interest Expense TTM 1.72b) >= 6 (WARN >= 3)

Altman Z'' 1.13

(A) -0.04 = (Total Current Assets 18.99b - Total Current Liabilities 22.52b) / Total Assets 92.57b

(B) 0.24 = Retained Earnings (Balance) 22.61b / Total Assets 92.57b

(D) 0.25 = Book Value of Equity 17.61b / Total Liabilities 71.22b

Total Rating: 1.13 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 61.79

1. Piotroski 3.0pt

2. FCF Yield 8.43%

3. FCF Margin 12.78%

4. Debt/Equity 2.44

5. Debt/Ebitda 2.69

6. ROIC - WACC (= 9.07)%

7. RoE -11.45%

8. Rev. Trend -24.85%

9. EPS Trend 0.21%

What is the price of TEF shares?

As of January 11, 2026, the stock is trading at USD 3.88 with a total of 3,273,060 shares traded.
Over the past week, the price has changed by -3.00%, over one month by -3.15%, over three months by -18.54% and over the past year by +6.19%.

Is TEF a buy, sell or hold?

Telefonica has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold TEF.

Strong Buy: 0
Buy: 0
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the TEF price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	4.3	11.3%
Analysts Target Price	4.3	11.3%
ValueRay Target Price	4.1	4.6%

TEF Fundamental Data Overview January 09, 2026

Market Cap EUR = 19.46b (22.73b USD * 0.856 USD.EUR)
P/E Forward = 13.2626
P/S = 0.5462
P/B = 1.1037
P/EG = 0.3552
Beta = 0.279
Revenue TTM = 38.27b EUR
EBIT TTM = 4.62b EUR
EBITDA TTM = 14.30b EUR
Long Term Debt = 30.74b EUR (from longTermDebt, last quarter)
Short Term Debt = 6.44b EUR (from shortTermDebt, last quarter)
Debt = 42.90b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 38.51b EUR (from netDebt column, last quarter)
Enterprise Value = 57.97b EUR (19.46b + Debt 42.90b - CCE 4.39b)
Interest Coverage Ratio = 2.69 (Ebit TTM 4.62b / Interest Expense TTM 1.72b)
EV/FCF = 11.86x (Enterprise Value 57.97b / FCF TTM 4.89b)
FCF Yield = 8.43% (FCF TTM 4.89b / Enterprise Value 57.97b)
FCF Margin = 12.78% (FCF TTM 4.89b / Revenue TTM 38.27b)
Net Margin = -5.53% (Net Income TTM -2.12b / Revenue TTM 38.27b)
Gross Margin = 59.93% ((Revenue TTM 38.27b - Cost of Revenue TTM 15.33b) / Revenue TTM)
Gross Margin QoQ = 33.47% (prev -3.57%)
Tobins Q-Ratio = 0.63 (Enterprise Value 57.97b / Total Assets 92.57b)
Interest Expense / Debt = 1.15% (Interest Expense 494.0m / Debt 42.90b)
Taxrate = 30.91% (149.0m / 482.0m)
NOPAT = 3.19b (EBIT 4.62b * (1 - 30.91%))
Current Ratio = 0.84 (Total Current Assets 18.99b / Total Current Liabilities 22.52b)
Debt / Equity = 2.44 (Debt 42.90b / totalStockholderEquity, last quarter 17.61b)
Debt / EBITDA = 2.69 (Net Debt 38.51b / EBITDA 14.30b)
Debt / FCF = 7.88 (Net Debt 38.51b / FCF TTM 4.89b)
Total Stockholder Equity = 18.49b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.19% (Net Income -2.12b / Total Assets 92.57b)
RoE = -11.45% (Net Income TTM -2.12b / Total Stockholder Equity 18.49b)
RoCE = 9.38% (EBIT 4.62b / Capital Employed (Equity 18.49b + L.T.Debt 30.74b))
RoIC = 11.53% (NOPAT 3.19b / Invested Capital 27.67b)
WACC = 2.47% (E(19.46b)/V(62.36b) * Re(6.15%) + D(42.90b)/V(62.36b) * Rd(1.15%) * (1-Tc(0.31)))
Discount Rate = 6.15% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.12%
[DCF Debug] Terminal Value 86.17% ; FCFF base≈5.29b ; Y1≈5.20b ; Y5≈5.33b
Fair Price DCF = 21.43 (EV 159.31b - Net Debt 38.51b = Equity 120.80b / Shares 5.64b; r=5.90% [WACC]; 5y FCF grow -2.49% → 2.90% )
EPS Correlation: 0.21 | EPS CAGR: 30.33% | SUE: -0.55 | # QB: 0
Revenue Correlation: -24.85 | Revenue CAGR: -0.88% | SUE: 0.15 | # QB: 0
EPS next Year (2026-12-31): EPS=0.24 | Chg30d=-0.033 | Revisions Net=+1 | Growth EPS=+0.0% | Growth Revenue=+0.3%

Additional Sources for TEF Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle