Overview Dividends

(TEF) Telefonica - Ratings and Ratios

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

Mobile, Broadband, Fixed-Line, Cloud, Wholesale

EPS (Earnings per Share)

EPS Growth (3y CAGR): -8.98%
EPS Trend (3y Corr): -17.2%

Last SUE: -1.10σ
Qual. Beats: 0

Revenue

Revenue Growth (3y CAGR): -3.08%
Revenue Trend (3y Corr): -55.5%

Last SUE: 0.15σ
Qual. Beats: 0

Risk via 10d forecast
Volatility	25.9%
Value at Risk 5%th	43.7%
Relative Tail Risk	2.68%

Reward TTM
Sharpe Ratio	-0.11
Alpha	-5.19

Character TTM
Hurst Exponent	0.592
Beta	0.084
Beta Downside	0.016

Drawdowns 3y
Max DD	28.55%
Mean DD	5.25%
Median DD	4.11%

Description: TEF Telefonica October 14, 2025

Telefónica S.A. (NYSE: TEF) operates a diversified telecommunications portfolio across Europe and Latin America, delivering mobile voice, data, and value-added services; traditional fixed-line offerings such as PSTN, ISDN, and broadband; wholesale interconnection and fiber-leasing solutions; and an expanding suite of digital products-including AI-driven Aura, smart-home devices, cloud, security, advertising, and big-data services. The firm also provides end-to-end video/TV platforms, fintech/payment tools, and a digital sales engine (Phoenix) that supports both retail and wholesale channels.

Key recent metrics that shape Telefónica’s outlook: (1) 2023 EBITDA of €9.4 billion, reflecting a 4 % YoY increase driven by higher mobile data ARPU in Brazil and Spain; (2) Capex of €4.2 billion, with ~€1.8 billion earmarked for 5G rollout and fiber-to-the-home expansion, underscoring the company’s focus on network modernization; (3) Subscriber base of roughly 340 million lines, of which 45 % are post-paid mobile contracts, a segment that historically yields lower churn and higher margin. Macro-level drivers include robust GDP growth in Latin America (≈3 % in 2023) supporting data demand, and European regulatory pressure on roaming fees and net-neutrality that compresses wholesale margins but incentivizes value-added services.

For a deeper, data-driven valuation, the ValueRay platform offers granular financial models and scenario analysis worth exploring.

TEF Stock Overview

Market Cap in USD	23,719m
Sub-Industry	Integrated Telecommunication Services
IPO / Inception	1987-06-11
Return 12m vs S&P 500	-14.6%
Analyst Rating	3.0 of 5

TEF Dividends

Metric	Value
Dividend Yield	7.98%
Yield on Cost 5y	12.33%
Yield CAGR 5y	-8.52%
Payout Consistency	72.7%
Payout Ratio	111.2%

TEF Growth Ratios

Metric	Value
CAGR 3y	11.61%
CAGR/Max DD Calmar Ratio	0.41
CAGR/Mean DD Pain Ratio	2.21
Current Volume	819.2k
Average Volume	948.4k

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 0.30pp (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 0.11 (>3.0%) and CFO 10.33b > Net Income -2.12b (YES >=105%, WARN >=100%)

Net Debt (38.51b) to EBITDA (14.55b) ratio: 2.65 <= 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 83.73% (prev 44.54%; Δ 39.19pp) >=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 2.83 (EBITDA TTM 14.55b / Interest Expense TTM 1.72b) >= 6 (WARN >= 3)

Altman Z'' 1.14

(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: 1.14 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 57.52

1. Piotroski 3.0pt = -2.0

2. FCF Yield 8.21% = 4.10

3. FCF Margin 12.64% = 3.16

4. Debt/Equity 2.44 = 0.10

5. Debt/Ebitda 2.65 = -1.22

6. ROIC - WACC (= 8.25)% = 10.31

7. RoE -11.45% = -1.91

8. Rev. Trend -55.50% = -4.16

9. EPS Trend -17.16% = -0.86

What is the price of TEF shares?

As of November 20, 2025, the stock is trading at USD 4.11 with a total of 819,220 shares traded.
Over the past week, the price has changed by -0.72%, over one month by -22.45%, over three months by -27.00% and over the past year by -2.99%.

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	4.8	17%
Analysts Target Price	4.8	17%
ValueRay Target Price	4.3	4.4%

TEF Fundamental Data Overview November 11, 2025

Market Cap EUR = 20.43b (23.72b USD * 0.8615 USD.EUR)
P/E Forward = 15.8479
P/S = 0.5718
P/B = 1.3955
P/EG = 0.3798
Beta = 0.244
Revenue TTM = 38.27b EUR
EBIT TTM = 4.86b EUR
EBITDA TTM = 14.55b EUR
Long Term Debt = 31.33b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 6.42b 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 = 58.95b EUR (20.43b + Debt 42.90b - CCE 4.39b)
Interest Coverage Ratio = 2.83 (Ebit TTM 4.86b / Interest Expense TTM 1.72b)
FCF Yield = 8.21% (FCF TTM 4.84b / Enterprise Value 58.95b)
FCF Margin = 12.64% (FCF TTM 4.84b / Revenue TTM 38.27b)
Net Margin = -5.53% (Net Income TTM -2.12b / Revenue TTM 38.27b)
Gross Margin = 83.73% ((Revenue TTM 38.27b - Cost of Revenue TTM 6.23b) / Revenue TTM)
Gross Margin QoQ = 33.47% (prev 100.0%)
Tobins Q-Ratio = 0.64 (Enterprise Value 58.95b / Total Assets 92.57b)
Interest Expense / Debt = 1.15% (Interest Expense 494.0m / Debt 42.90b)
Taxrate = 30.91% (149.0m / 482.0m)
NOPAT = 3.36b (EBIT 4.86b * (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 = 2.65 (Net Debt 38.51b / EBITDA 14.55b)
Debt / FCF = 7.96 (Net Debt 38.51b / FCF TTM 4.84b)
Total Stockholder Equity = 18.49b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.29% (Net Income -2.12b / Total Assets 92.57b)
RoE = -11.45% (Net Income TTM -2.12b / Total Stockholder Equity 18.49b)
RoCE = 9.76% (EBIT 4.86b / Capital Employed (Equity 18.49b + L.T.Debt 31.33b))
RoIC = 10.82% (NOPAT 3.36b / Invested Capital 31.02b)
WACC = 2.58% (E(20.43b)/V(63.34b) * Re(6.32%) + D(42.90b)/V(63.34b) * Rd(1.15%) * (1-Tc(0.31)))
Discount Rate = 6.32% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -33.33 | Cagr: -0.12%
[DCF Debug] Terminal Value 77.94% ; FCFE base≈4.88b ; Y1≈4.77b ; Y5≈4.83b
Fair Price DCF = 15.22 (DCF Value 85.79b / Shares Outstanding 5.64b; 5y FCF grow -3.34% → 3.0% )
EPS Correlation: -17.16 | EPS CAGR: -8.98% | SUE: -1.10 | # QB: 0
Revenue Correlation: -55.50 | Revenue CAGR: -3.08% | SUE: 0.15 | # QB: 0

Additional Sources for TEF Stock

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