Deutsche Telekom
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 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Deutsche Telekom.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Deutsche Telekom's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Deutsche Telekom's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Deutsche Telekom Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Deutsche Telekom's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Deutsche Telekom Company Filings, last reported 2 months ago.
| 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).
Financial health checks
We assess Deutsche Telekom's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Deutsche Telekom has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
€2,000 of
Deutsche Telekom
shares you are expected to receive
€90
in your first year as a dividend.
Dividend Amount
- 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.
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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess Deutsche Telekom's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The average tenure for the Deutsche Telekom management team is less than 2 years, this suggests a new team.
Management Team
Tim Höttges
Chairman of Management Board & CEO
€6M
56
5.2 yrs
Christian Illek
CFO & Member of Management Board
€3M
54
0.2 yrs
Claudia Nemat
Board member of Technology & Innovation and Member of Management Board
€3M
50
7.4 yrs
Thomas Kremer
Data Privacy
€2M
60
6.8 yrs
Dirk Wossner
Member of the Board of Management
€5M
49
1.2 yrs
Srini Gopalan
Member of Management Board
€2M
47
2.2 yrs
Adel Al-Saleh
Member of the Management Board
€4M
54
1.2 yrs
Thorsten Langheim
Member of Executive Board & Executive VP of Group Corporate Development
52
0.2 yrs
Birgit Bohle
Chief Human Resources Officer
45
0.2 yrs
Guillaume Maisondieu
Head of Group Accounting & Customer Finance
Board of Directors Tenure
Average tenure and age of the Deutsche Telekom board of directors in years:
- The tenure for the Deutsche Telekom board of directors is about average.
Board of Directors
Ulrich Lehner
Chairman of Supervisory Board
€325K
72
10.9 yrs
Lothar Schröder
Deputy Chairman of Supervisory Board
€264K
59
12.8 yrs
Dagmar Kollmann
Member of Supervisory Board
€206K
54
6.8 yrs
Karl-Heinz Streibich
Member of Supervisory Board
€145K
66
5.4 yrs
Sibyl Spoo
Member of Supervisory Board
€147K
57
8.8 yrs
Steffi Kreusel
Member of Supervisory Board
€122K
56
6.2 yrs
Lars Hinrichs
Member of Supervisory Board
€103K
42
5.4 yrs
Josef Bednarski
Member of Supervisory Board
€189K
64
5.3 yrs
Michael Kaschke
Member of Supervisory Board
€120K
61
3.9 yrs
Nicole Koch
Member of Supervisory Board
€92K
46
3.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Deutsche Telekom's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleRead 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 - – Full articleIs 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 - – Full articleIs 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 - – Full articleWhat 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 - – Full articleWhat 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 - – Full articleIs 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 - – Full articleDoes 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 - – Full articleThese 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 - – Full articleShould 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 - – Full articleCompany 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
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.
