(TEF) Telefonica - Overview
Stock: Mobile, Fixed, Broadband, Cloud, TV
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.65% |
| Yield on Cost 5y | 11.10% |
| Yield CAGR 5y | -3.53% |
| Payout Consistency | 78.8% |
| Payout Ratio | 2.5% |
| Risk 5d forecast | |
|---|---|
| Volatility | 26.1% |
| Relative Tail Risk | 0.40% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.37 |
| Alpha | 6.51 |
| Character TTM | |
|---|---|
| Beta | 0.063 |
| Beta Downside | -0.001 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.43% |
| CAGR/Max DD | 0.37 |
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 |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.57 > 1.0 |
| NWC/Revenue: -9.24% < 20% (prev -9.39%; Δ 0.15% < -1%) |
| CFO/TA 0.12 > 3% & CFO 11.05b > Net Income -2.12b |
| Net Debt (38.51b) to EBITDA (14.30b): 2.69 < 3 |
| Current Ratio: 0.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (5.64b) vs 12m ago 0.05% < -2% |
| Gross Margin: 59.93% > 18% (prev 0.50%; Δ 5944 % > 0.5%) |
| Asset Turnover: 39.65% > 50% (prev 40.38%; Δ -0.73% > 0%) |
| Interest Coverage Ratio: 2.69 > 6 (EBITDA TTM 14.30b / Interest Expense TTM 1.72b) |
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 22.61b / Total Assets 92.57b) |
| C: 0.05 (EBIT TTM 4.62b / Avg Total Assets 96.53b) |
| D: 0.25 (Book Value of Equity 17.61b / Total Liabilities 71.22b) |
| Altman-Z'' Score: 1.13 = BB |
Beneish M -4.00
| DSRI: 0.10 (Receivables 1.08b/11.28b, Revenue 38.27b/40.57b) |
| GMI: 0.83 (GM 59.93% / 49.87%) |
| AQI: 1.03 (AQ_t 0.51 / AQ_t-1 0.49) |
| SGI: 0.94 (Revenue 38.27b / 40.57b) |
| TATA: -0.14 (NI -2.12b - CFO 11.05b) / TA 92.57b) |
| Beneish M-Score: -4.09 (Cap -4..+1) = AAA |
What is the price of TEF shares?
Over the past week, the price has changed by +5.50%, over one month by +7.93%, over three months by +6.43% and over the past year by +10.80%.
Is TEF a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the TEF price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 4.2 | -1.4% |
| Analysts Target Price | 4.2 | -1.4% |
| ValueRay Target Price | 4.8 | 14.7% |
TEF Fundamental Data Overview February 05, 2026
P/E Forward = 13.1406
P/S = 0.5164
P/B = 1.0934
P/EG = 0.3518
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 = 56.71b EUR (18.20b + Debt 42.90b - CCE 4.39b)
Interest Coverage Ratio = 2.69 (Ebit TTM 4.62b / Interest Expense TTM 1.72b)
EV/FCF = 11.60x (Enterprise Value 56.71b / FCF TTM 4.89b)
FCF Yield = 8.62% (FCF TTM 4.89b / Enterprise Value 56.71b)
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 = 0.61 (Enterprise Value 56.71b / 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 = 2.39% (E(18.20b)/V(61.11b) * Re(6.15%) + D(42.90b)/V(61.11b) * 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=+0.004 | Revisions Net=+1 | Growth EPS=+0.0% | Growth Revenue=+0.1%