TEL2-B Stock Analysis: Tele2 (publ) | ST
Telecom Services | ST, Sweden | Market Cap: 115.204m SEK | 12M Return: 26% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 272M
EPS Trend: 91.4%
Qual. Beats: -1
Rev. Trend: 96.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Tele2 AB (publ) is a Swedish-headquartered telecommunications operator listed on Nasdaq Stockholm under the ticker TEL2-B, providing fixed and mobile connectivity, entertainment, and a broad suite of business communication services across Sweden, Lithuania, Latvia, and Estonia. Its consumer offerings include mobile telephony, mobile data, fixed broadband, telephony, and linear and streaming entertainment, while its enterprise portfolio spans cloud, IT, network, security, unified communications, and workplace collaboration services.
The company also operates a connectivity-enabler business supplying wholesale and IoT services such as single and dual IMSI SIM solutions, on-demand roaming, eSIM delivery, routing and termination of international voice traffic, and application-to-person messaging. Tele2 is classified within the Communication Services sector (Alternative Carriers sub-industry) under the GICS framework. The company was founded in 1990 as NetCom AB and adopted its current name in February 2001; it is headquartered in Kista, Sweden.
- Baltic subscriber growth drives consolidated margin expansion
- Swedish mobile ARPU under pressure from Telia and Tre competition
- Share buybacks and dividends remain core capital allocation focus
| Net Income: 10.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 1.17 > 1.0 |
| NWC/Revenue: 1.17% < 20% (prev -21.85%; Δ 23.02% < -1%) |
| CFO/TA 0.17 > 3% & CFO 11.5b > Net Income 10.1b |
| Net Debt (32.1b) to EBITDA (18.5b): 1.74 < 3 |
| Current Ratio: 1.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (697.4m) vs 12m ago 0.12% < -2% |
| Gross Margin: 43.54% > 18% (prev 43.46%; Δ 0.09% > 0.5%) |
| Asset Turnover: 44.58% > 50% (prev 45.81%; Δ -1.22% > 0%) |
| Interest Coverage Ratio: 12.45 > 6 (EBIT TTM 12.2b / Interest Expense TTM 984.0m) |
| A: 0.01 (Total Current Assets 11.3b - Total Current Liabilities 10.9b) / Total Assets 69.9b |
| B: 0.01 (Retained Earnings 385.0m / Total Assets 69.9b) |
| C: 0.18 (EBIT TTM 12.2b / Avg Total Assets 67.3b) |
| D: 0.70 (Book Value of Equity 28.8b / Total Liabilities 41.1b) |
| Altman-Z'' = 2.01 = BBB |
| DSRI: 0.99 (Receivables 5.09b/5.07b, Revenue 30.0b/29.6b) |
| GMI: 1.00 (GM 43.46% / 43.54%) |
| AQI: 0.90 (AQ_t 0.60 / AQ_t-1 0.66) |
| SGI: 1.01 (Revenue 30.0b / 29.6b) |
| TATA: -0.02 (NI 10.1b - CFO 11.5b) / TA 69.9b) |
| Beneish M = -3.08 (Cap -4..+1) = AA |
As of July 10, 2026, the stock is trading at SEK 166.20 with a total of 1,082,473 shares traded. Over the past week, the price has changed by +1.25%, over one month by -5.89%, over three months by -12.46% and over the past year by +25.95%.
Current recommended Stop Loss: 161.50 (which is 2.8% or 1.4 ATR below the current price).
Tele2 (publ) has no consensus analysts rating.
P/E Trailing = 11.471
P/E Forward = 22.5734
P/S = 3.8422
P/B = 3.929
P/EG = 3.6108
Revenue TTM = 30.0b SEK
EBIT TTM = 12.2b SEK
EBITDA TTM = 18.5b SEK
Long Term Debt = 20.1b SEK (from longTermDebt, last quarter)
Short Term Debt = 4.31b SEK (from shortTermDebt, last quarter)
Debt = 37.6b SEK (from shortLongTermDebtTotal, last quarter) + Leases 7.23b
Net Debt = 32.1b SEK (calculated: Debt 37.6b - CCE 5.44b)
Enterprise Value = 147b SEK (115b + Debt 37.6b - CCE 5.44b)
Interest Coverage Ratio = 12.45 (Ebit TTM 12.2b / Interest Expense TTM 984.0m)
EV/FCF = 18.80x (Enterprise Value 147b / FCF TTM 7.84b)
FCF Yield = 5.32% (FCF TTM 7.84b / Enterprise Value 147b)
FCF Margin = 26.14% (FCF TTM 7.84b / Revenue TTM 30.0b)
Net Margin = 33.68% (Net Income TTM 10.1b / Revenue TTM 30.0b)
Gross Margin = 43.54% ((Revenue TTM 30.0b - Cost of Revenue TTM 16.9b) / Revenue TTM)
Gross Margin QoQ = 43.90% (prev 41.47%)
Tobins Q-Ratio = 2.11 (Enterprise Value 147b / Total Assets 69.9b)
Interest Expense / Debt = 2.62% (Interest Expense 984.0m / Debt 37.6b)
Taxrate = 10.44% (1.18b / 11.3b)
NOPAT = 11.0b (EBIT 12.2b * (1 - 10.44%))
Current Ratio = 1.03 (Total Current Assets 11.3b / Total Current Liabilities 10.9b)
Debt / Equity = 1.31 (Debt 37.6b / totalStockholderEquity, last quarter 28.8b)
Debt / EBITDA = 1.74 (Net Debt 32.1b / EBITDA 18.5b)
Debt / FCF = 4.10 (Net Debt 32.1b / FCF TTM 7.84b)
Total Stockholder Equity = 23.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.01% (Net Income 10.1b / Total Assets 69.9b)
RoE = 43.99% (Net Income TTM 10.1b / Total Stockholder Equity 23.0b)
RoCE = 28.45% (EBIT 12.2b / Capital Employed (Equity 23.0b + L.T.Debt 20.1b))
RoIC = 17.74% (NOPAT 11.0b / Invested Capital 61.8b)
WACC = 4.55% (E(115b)/V(153b) * Re(5.27%) + D(37.6b)/V(153b) * Rd(2.62%) * (1-Tc(0.10)))
Discount Rate = 5.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 73.33 | Cagr: 0.12%
[DCF] Terminal Value 77.97% ; FCFF base≈7.30b ; Y1≈8.36b ; Y5≈12.3b
[DCF] Fair Price = 223.9 (EV 185b - Net Debt 32.1b = Equity 153b / Shares 683.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 91.41 | EPS CAGR: 12.16% | SUE: -2.05 | # QB: -1
Revenue Correlation: 96.73 | Revenue CAGR: 1.42% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.66 | Chg30d=-11.33% | Revisions=-25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=3.15 | Chg30d=-13.12% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=8.75 | Chg30d=+1.68% | Revisions=+25% | GrowthEPS=+20.5% | GrowthRev=+1.5%
EPS next Year (2027-12-31): EPS=8.75 | Chg30d=+2.03% | Revisions=+25% | GrowthEPS=-0.1% | GrowthRev=+2.0%
[Analyst] Revisions Ratio: +29% (up=3, down=1)