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Deutsche Telekom

DB:DTE
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DTE
DB
€74B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. The last earnings update was 31 days ago. More info.


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DTE Share Price and Events
7 Day Returns
1.6%
DB:DTE
1.6%
DE Telecom
-1.8%
DE Market
1 Year Returns
20.4%
DB:DTE
7.8%
DE Telecom
-7.3%
DE Market
DTE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Deutsche Telekom (DTE) 1.6% 6.3% 4.4% 20.4% 0.2% 33.6%
DE Telecom 1.6% 5.9% 1.4% 7.8% -7.1% 13%
DE Market -1.8% -0.2% 6.8% -7.3% 7.5% 6.9%
1 Year Return vs Industry and Market
  • DTE outperformed the Telecom industry which returned 7.8% over the past year.
  • DTE outperformed the Market in Germany which returned -7.3% over the past year.
Price Volatility
DTE
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Deutsche Telekom undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Deutsche Telekom to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Deutsche Telekom.

DB:DTE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 20 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:DTE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.358 (1 + (1- 30%) (83.92%))
0.711
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:DTE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Deutsche Telekom is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:DTE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5%)
2019 6,611.61 Analyst x11 6,297.01
2020 7,507.17 Analyst x8 6,809.74
2021 8,443.68 Analyst x9 7,294.80
2022 9,523.40 Analyst x5 7,836.12
2023 10,280.67 Analyst x3 8,056.71
2024 10,838.42 Est @ 5.43% 8,089.64
2025 11,257.44 Est @ 3.87% 8,002.59
2026 11,569.80 Est @ 2.77% 7,833.28
2027 11,802.43 Est @ 2.01% 7,610.56
2028 11,976.62 Est @ 1.48% 7,355.40
Present value of next 10 years cash flows €75,185.86
DB:DTE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €11,976.62 × (1 + 0.23%) ÷ (5% – 0.23%)
€251,760.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €251,760.11 ÷ (1 + 5%)10
€154,617.76
DB:DTE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €75,185.86 + €154,617.76
€229,803.62
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €229,803.62 / 4,740.46
€48.48
DB:DTE Discount to Share Price
Calculation Result
Value per share (EUR) From above. €48.48
Current discount Discount to share price of €15.62
= -1 x (€15.62 - €48.48) / €48.48
67.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Deutsche Telekom is available for.
Intrinsic value
>50%
Share price is €15.62 vs Future cash flow value of €48.48
Current Discount Checks
For Deutsche Telekom to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Deutsche Telekom's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Deutsche Telekom's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Deutsche Telekom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Deutsche Telekom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DTE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €0.46
DB:DTE Share Price ** DB (2019-03-22) in EUR €15.62
Europe Telecom Industry PE Ratio Median Figure of 54 Publicly-Listed Telecom Companies 23.29x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.27x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Deutsche Telekom.

DB:DTE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:DTE Share Price ÷ EPS (both in EUR)

= 15.62 ÷ 0.46

34.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deutsche Telekom is overvalued based on earnings compared to the Europe Telecom industry average.
  • Deutsche Telekom is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Deutsche Telekom's expected growth come at a high price?
Raw Data
DB:DTE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts
27.8%per year
Europe Telecom Industry PEG Ratio Median Figure of 36 Publicly-Listed Telecom Companies 2.27x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

DB:DTE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.2x ÷ 27.8%

1.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deutsche Telekom is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Deutsche Telekom's assets?
Raw Data
DB:DTE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €6.52
DB:DTE Share Price * DB (2019-03-22) in EUR €15.62
Germany Telecom Industry PB Ratio Median Figure of 6 Publicly-Listed Telecom Companies 1.66x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.78x
DB:DTE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:DTE Share Price ÷ Book Value per Share (both in EUR)

= 15.62 ÷ 6.52

2.4x

* Primary Listing of Deutsche Telekom.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Deutsche Telekom is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Deutsche Telekom's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Deutsche Telekom has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Deutsche Telekom expected to perform in the next 1 to 3 years based on estimates from 20 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
27.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Deutsche Telekom expected to grow at an attractive rate?
  • Deutsche Telekom's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Deutsche Telekom's earnings growth is expected to exceed the Germany market average.
  • Deutsche Telekom's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DTE Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DTE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts 27.8%
DB:DTE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts 1.3%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 28.3%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:DTE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DTE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 82,522 24,927 4
2022-12-31 82,016 23,040 5
2021-12-31 81,800 21,083 5,641 10
2020-12-31 83,318 20,388 4,727 20
2019-12-31 78,485 19,677 4,202 1
DB:DTE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 78,118 17,948 2,166
2018-09-30 76,968 17,371 3,929
2018-06-30 76,060 17,326 3,326
2018-03-31 76,564 17,138 3,706
2017-12-31 77,272 17,196 3,461
2017-09-30 77,602 16,916 5
2017-06-30 77,425 16,665 551
2017-03-31 76,320 16,392 297
2016-12-31 75,243 15,533 2,675
2016-09-30 73,553 15,856 5,745
2016-06-30 72,530 15,245 5,501
2016-03-31 72,078 15,185 5,592

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Deutsche Telekom's earnings are expected to grow significantly at over 20% yearly.
  • Deutsche Telekom's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:DTE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below

All data from Deutsche Telekom Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DTE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 1.57 1.57 1.57 1.00
2022-12-31 1.22 1.31 1.13 2.00
2021-12-31 1.14 1.35 1.02 6.00
2020-12-31 0.99 1.17 0.84 10.00
2019-12-31 0.89 1.07 0.72 12.00
DB:DTE Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 0.46
2018-09-30 0.83
2018-06-30 0.70
2018-03-31 0.78
2017-12-31 0.74
2017-09-30 0.00
2017-06-30 0.12
2017-03-31 0.06
2016-12-31 0.58
2016-09-30 1.25
2016-06-30 1.20
2016-03-31 1.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Deutsche Telekom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Deutsche Telekom's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Deutsche Telekom has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Deutsche Telekom performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Deutsche Telekom's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Deutsche Telekom's year on year earnings growth rate has been positive over the past 5 years.
  • Deutsche Telekom's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Deutsche Telekom's 1-year earnings growth is negative, it can't be compared to the Europe Telecom industry average.
Earnings and Revenue History
Deutsche Telekom's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Deutsche Telekom Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DTE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 78,118.00 2,166.00
2018-09-30 76,968.00 3,929.00
2018-06-30 76,060.00 3,326.00
2018-03-31 76,564.00 3,706.00
2017-12-31 77,272.00 3,461.00
2017-09-30 77,602.00 5.00
2017-06-30 77,425.00 551.00
2017-03-31 76,320.00 297.00
2016-12-31 75,243.00 2,675.00
2016-09-30 73,553.00 5,745.00
2016-06-30 72,530.00 5,501.00
2016-03-31 72,078.00 5,592.00
2015-12-31 71,318.00 3,254.00
2015-09-30 69,887.00 2,198.00 5,139.00
2015-06-30 67,921.00 1,895.00 9,194.00
2015-03-31 65,132.00 1,894.00 13,835.00
2014-12-31 64,602.00 2,924.00
2014-09-30 61,321.00 2,282.00 18,332.00
2014-06-30 61,198.00 2,364.00 18,225.00
2014-03-31 61,241.00 2,183.00 18,285.00
2013-12-31 60,132.00 930.00 18,543.00
2013-09-30 59,174.00 2,323.00 17,992.00
2013-06-30 58,300.00 -5,286.00 18,483.00
2013-03-31 57,522.00 -5,334.00 18,515.00
2012-12-31 58,169.00 -5,353.00 18,930.00
2012-09-30 58,373.00 -7,334.00 19,080.00
2012-06-30 58,392.00 756.00 19,259.00
2012-03-31 58,488.00 622.00 19,301.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Deutsche Telekom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Deutsche Telekom used its assets less efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • Deutsche Telekom has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Deutsche Telekom's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Deutsche Telekom has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Deutsche Telekom's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Deutsche Telekom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Deutsche Telekom's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Deutsche Telekom's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Deutsche Telekom's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Deutsche Telekom Company Filings, last reported 2 months ago.

DB:DTE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 43,437.00 62,275.00 3,691.00
2018-09-30 43,482.00 61,123.00 5,147.00
2018-06-30 41,403.00 61,262.00 5,528.00
2018-03-31 43,691.00 57,704.00 6,536.00
2017-12-31 42,471.00 57,529.00 3,320.00
2017-09-30 39,054.00 58,637.00 5,302.00
2017-06-30 38,594.00 60,989.00 4,557.00
2017-03-31 39,818.00 65,273.00 14,449.00
2016-12-31 38,845.00 64,650.00 7,762.00
2016-09-30 37,621.00 62,308.00 11,721.00
2016-06-30 36,968.00 62,931.00 11,379.00
2016-03-31 38,444.00 62,061.00 12,161.00
2015-12-31 38,150.00 62,380.00 9,702.00
2015-09-30 36,508.00 57,087.00 6,896.00
2015-06-30 35,961.00 58,245.00 6,803.00
2015-03-31 36,996.00 57,120.00 7,802.00
2014-12-31 34,066.00 55,227.00 7,750.00
2014-09-30 33,977.00 53,359.00 9,958.00
2014-06-30 32,501.00 49,871.00 7,188.00
2014-03-31 32,766.00 49,628.00 10,401.00
2013-12-31 32,063.00 51,599.00 8,085.00
2013-09-30 32,015.00 49,323.00 7,905.00
2013-06-30 31,250.00 50,347.00 7,343.00
2013-03-31 31,013.00 44,754.00 6,036.00
2012-12-31 30,531.00 44,614.00 4,127.00
2012-09-30 30,259.00 45,615.00 4,788.00
2012-06-30 37,603.00 48,198.00 5,466.00
2012-03-31 39,818.00 46,299.00 6,083.00
  • Deutsche Telekom's level of debt (143.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (160.8% vs 143.4% today).
  • Debt is well covered by operating cash flow (28.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Deutsche Telekom's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Deutsche Telekom has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Deutsche Telekom's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.48%
Current annual income from Deutsche Telekom dividends. Estimated to be 5.09% next year.
If you bought €2,000 of Deutsche Telekom shares you are expected to receive €90 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Deutsche Telekom's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.52%).
  • Deutsche Telekom's dividend is above the markets top 25% of dividend payers in Germany (3.89%).
Upcoming dividend payment

Purchase Deutsche Telekom on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:DTE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 20 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:DTE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.79 2.00
2022-12-31 0.81 3.00
2021-12-31 0.85 10.00
2020-12-31 0.81 22.00
2019-12-31 0.76 23.00
DB:DTE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-21 0.700 4.668
2018-08-09 0.700 4.855
2018-02-23 0.650 4.760
2017-03-02 0.600 3.863
2016-02-25 0.550 3.585
2015-02-26 0.500 3.102
2014-05-16 0.500 3.980
2013-02-28 0.500 4.861
2012-12-06 0.700 8.086
2012-02-24 0.700 7.919
2011-02-25 0.700 7.289
2010-02-25 0.780 7.904
2009-03-25 0.780 8.523

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Deutsche Telekom's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Deutsche Telekom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Deutsche Telekom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Deutsche Telekom has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Deutsche Telekom's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tim Höttges
COMPENSATION €5,824,712
AGE 56
TENURE AS CEO 5.2 years
CEO Bio

Mr. Timotheus Höttges, also known as Tim, serves as an Advisor at Deutsche Telekom Capital Partners Management GmbH. He has been the Chairman of Management Board and Chief Executive Officer at Deutsche Telekom AG since January 1, 2014 and has been its Member of Management Board since December 5, 2006 and has been with it since 2000. Mr. Höttges served as the Deputy Chairman of Management Board of Deutsche Telekom AG from January 1, 2013 to December 31, 2013. He served as the Chief Financial Officer at Deutsche Telekom AG from March 1, 2009 to December 2013. He headed European operations as a Member of Management Board at T-Mobile International AG & Co. KG from January 2003 to December 2006. He served as Member of Management Board at T-Home, Sales & Service from December 5, 2006 to March 2009. In this position, he was in charge of the fixed-network and broadband business, as well as integrated sales and service in Germany. Mr. Höttges has international telecoms experience. He was in charge of sales activities and customer care at the European subsidiaries of T-Mobile in Germany, the United Kingdom, The Netherlands, Austria and the Czech Republic. He has the strong support of both parent companies, with his extensive European-wide mobile experience and was instrumental in the forming of the Deutsche Telekom and France Telecom Global Procurement Alliance. He served as Managing Director of Telekom Deutschland GmbH from April 2002 to January 2005 and its Chief Financial Officer since September 2000. Mr. Hottges started his professional career in 1989 with the management consultancy Mummert Partner. He has been a Director/Supervisory Board Member at FC Bayern München AG since February 2010. He has been Chairman of the supervisory Board at Telekom Deutschland GmbH since July 2009 and its Member of supervisory Board since April 2005. Mr. Höttges kicked off his career as a consultant at the VIAG Group in Munich. He became divisional manager in 1997 of VIAG Group. From 1992 to 2000, he served in various positions for the VIAG Group in Munich, among them Senior Vice President for Controlling and Mergers & Acquisitions and project leader for the merger between VIAG AG and VEBA AG to E.ON AG since 1999. While at the VIAG Group, he held various divisional and project management positions, in addition to his membership on the Extended Management Board responsible for controlling, corporate planning, and mergers and acquisitions. He has been the Chairman of the Board at T-Mobile US, Inc. since April 30, 2013. He served as the Non-Executive Chairman and Director of Orange Home UK Limited since April 2010. He served as Chairman of EE Limited. He has been a Non-Independent & Non-Executive Director of BT Group plc, Great Britain since January 29, 2016. He has been a Member of Supervisory Board at Henkel AG & Co. KGaA since April 11, 2016. He served as a Non-Executive Director of EE Limited until February 1, 2014. He served as a Non-Executive Director of Hellenic Telecommunications Organization SA from December 6, 2011 to May 23, 2013. Mr. Höttges completed his studies of Business Administration and Economics at the University of Cologne.

CEO Compensation
  • Tim's compensation has been consistent with company performance over the past year.
  • Tim's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Deutsche Telekom management team in years:

1.2
Average Tenure
52
Average Age
  • The average tenure for the Deutsche Telekom management team is less than 2 years, this suggests a new team.
Management Team

Tim Höttges

TITLE
Chairman of Management Board & CEO
COMPENSATION
€6M
AGE
56
TENURE
5.2 yrs

Christian Illek

TITLE
CFO & Member of Management Board
COMPENSATION
€3M
AGE
54
TENURE
0.2 yrs

Claudia Nemat

TITLE
Board member of Technology & Innovation and Member of Management Board
COMPENSATION
€3M
AGE
50
TENURE
7.4 yrs

Thomas Kremer

TITLE
Data Privacy
COMPENSATION
€2M
AGE
60
TENURE
6.8 yrs

Dirk Wossner

TITLE
Member of the Board of Management
COMPENSATION
€5M
AGE
49
TENURE
1.2 yrs

Srini Gopalan

TITLE
Member of Management Board
COMPENSATION
€2M
AGE
47
TENURE
2.2 yrs

Adel Al-Saleh

TITLE
Member of the Management Board
COMPENSATION
€4M
AGE
54
TENURE
1.2 yrs

Thorsten Langheim

TITLE
Member of Executive Board & Executive VP of Group Corporate Development
AGE
52
TENURE
0.2 yrs

Birgit Bohle

TITLE
Chief Human Resources Officer
AGE
45
TENURE
0.2 yrs

Guillaume Maisondieu

TITLE
Head of Group Accounting & Customer Finance
Board of Directors Tenure

Average tenure and age of the Deutsche Telekom board of directors in years:

5.8
Average Tenure
58
Average Age
  • The tenure for the Deutsche Telekom board of directors is about average.
Board of Directors

Ulrich Lehner

TITLE
Chairman of Supervisory Board
COMPENSATION
€325K
AGE
72
TENURE
10.9 yrs

Lothar Schröder

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€264K
AGE
59
TENURE
12.8 yrs

Dagmar Kollmann

TITLE
Member of Supervisory Board
COMPENSATION
€206K
AGE
54
TENURE
6.8 yrs

Karl-Heinz Streibich

TITLE
Member of Supervisory Board
COMPENSATION
€145K
AGE
66
TENURE
5.4 yrs

Sibyl Spoo

TITLE
Member of Supervisory Board
COMPENSATION
€147K
AGE
57
TENURE
8.8 yrs

Steffi Kreusel

TITLE
Member of Supervisory Board
COMPENSATION
€122K
AGE
56
TENURE
6.2 yrs

Lars Hinrichs

TITLE
Member of Supervisory Board
COMPENSATION
€103K
AGE
42
TENURE
5.4 yrs

Josef Bednarski

TITLE
Member of Supervisory Board
COMPENSATION
€189K
AGE
64
TENURE
5.3 yrs

Michael Kaschke

TITLE
Member of Supervisory Board
COMPENSATION
€120K
AGE
61
TENURE
3.9 yrs

Nicole Koch

TITLE
Member of Supervisory Board
COMPENSATION
€92K
AGE
46
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Deutsche Telekom's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Deutsche Telekom has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Our Take On Deutsche Telekom AG's (FRA:DTE) CEO Salary

First, this article will compare CEO compensation with compensation at other large companies. … According to our data, Deutsche Telekom AG has a market capitalization of €74b, and pays its CEO total annual compensation worth €5.8m. … While we always look at total compensation first, we note that the salary component is less, at €1.5m.

Simply Wall St -

Read This Before Judging Deutsche Telekom AG's (FRA:DTE) ROE

By way of learning-by-doing, we'll look at ROE to gain a better understanding of Deutsche Telekom AG (FRA:DTE). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.077 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Deutsche Telekom AG (FRA:DTE) An Attractive Dividend Stock?

Historically, Deutsche Telekom AG (FRA:DTE) has paid a dividend to shareholders. … Does Deutsche Telekom tick all the boxes of a great dividend stock? … Check out our latest analysis for Deutsche Telekom

Simply Wall St -

Is Deutsche Telekom AG (FRA:DTE) Investing Effectively In Its Business?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

What Kind Of Investor Owns Most Of Deutsche Telekom AG (FRA:DTE)?

The big shareholder groups in Deutsche Telekom AG (FRA:DTE) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Deutsche Telekom is a pretty big company.

Simply Wall St -

What Do Analysts Think About Deutsche Telekom AG's (FRA:DTE) Growth?

In September 2018, Deutsche Telekom AG (FRA:DTE) announced its earnings update. … the consensus outlook from analysts appear fairly confident, … the past 5-year average growth rate of 7.1%

Simply Wall St -

Is There An Opportunity With Deutsche Telekom AG's (FRA:DTE) 40.02% Undervaluation?

by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Does The Hype Around Deutsche Telekom AG's (FRA:DTE) Growth Justify Its December Share Price?

Deutsche Telekom AG (FRA:DTE) is considered a high-growth stock, but its last closing price of €14.96 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Check out our latest analysis for Deutsche Telekom? … Analysts are predicting good growth prospects for Deutsche Telekom over the next couple of years

Simply Wall St -

These Factors Make Deutsche Telekom AG (FRA:DTE) An Interesting Investment

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Should You Be Excited About Deutsche Telekom AG's (FRA:DTE) 14% Return On Equity?

By way of learning-by-doing, we'll look at ROE to gain a better understanding Deutsche Telekom AG (FRA:DTE). … That means that for every €1 worth of shareholders' equity, it generated €0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Company Info

Description

Deutsche Telekom AG, together with its subsidiaries, provides integrated telecommunication services worldwide. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. It offers fixed-network services, including voice and data communication services based on fixed-network and broadband technology; and sells terminal equipment and other hardware products, as well as services to resellers. The company also provides mobile voice and data services to consumers and business customers; sells mobile devices and other hardware products; and sells mobile services to resellers and to companies that purchases and markets network services to third parties, such as mobile virtual network operators. In addition, it offers Internet services; Internet-based TV products and services; and information and communication technology systems for multinational corporations and public sector institutions with an infrastructure of data centers and networks under the T-Systems brand, as well as call center services. The company has 178 million mobile customers, and approximately 28 million fixed-network and 20 million broadband lines. Deutsche Telekom AG was founded in 1995 and is headquartered in Bonn, Germany.

Details
Name: Deutsche Telekom AG
DTE
Exchange: DB
Founded: 1995
€74,211,879,320
4,740,458,596
Website: http://www.telekom.com
Address: Deutsche Telekom AG
Friedrich-Ebert-Allee 140,
Bonn,
North Rhine-Westphalia, 53113,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB DTE Ordinary Shares Deutsche Boerse AG DE EUR 18. Nov 1996
OTCPK DTEG.F Ordinary Shares Pink Sheets LLC US USD 18. Nov 1996
XTRA DTE Ordinary Shares XETRA Trading Platform DE EUR 18. Nov 1996
LSE 0MPH Ordinary Shares London Stock Exchange GB EUR 18. Nov 1996
SWX DTE Ordinary Shares SIX Swiss Exchange CH CHF 18. Nov 1996
ENXTBR DTEL Ordinary Shares Euronext Brussels BE EUR 18. Nov 1996
BIT DTE Ordinary Shares Borsa Italiana IT EUR 18. Nov 1996
WBAG DTE Ordinary Shares Wiener Boerse AG AT EUR 18. Nov 1996
BUSE DEUTSCHETEL Ordinary Shares Budapest Stock Exchange HU HUF 18. Nov 1996
BMV DTE N Ordinary Shares Bolsa Mexicana de Valores MX MXN 18. Nov 1996
BATS-CHIXE DTED Ordinary Shares BATS 'Chi-X Europe' GB EUR 18. Nov 1996
OTCPK DTEG.Y ADS EACH REPR 1 ORD NPV Pink Sheets LLC US USD 18. Nov 1996
DB DTEA ADS EACH REPR 1 ORD NPV Deutsche Boerse AG DE EUR 18. Nov 1996
XTRA DTEA ADS EACH REPR 1 ORD NPV XETRA Trading Platform DE EUR 18. Nov 1996
Number of employees
Current staff
Staff numbers
215,675
Deutsche Telekom employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/24 20:51
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/21
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.