Vodafone Group Public Limited Company

DB:VODI Stock Report

Market Cap: €25.1b

Vodafone Group Valuation

Is VODI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VODI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€2.75
Fair Value
61.9% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: VODI (€1.05) is trading below our estimate of fair value (€2.75)

Significantly Below Fair Value: VODI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VODI?

Key metric: As VODI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VODI. This is calculated by dividing VODI's market cap by their current revenue.
What is VODI's PS Ratio?
PS Ratio0.7x
Sales€37.45b
Market Cap€25.12b

Price to Sales Ratio vs Peers

How does VODI's PS Ratio compare to its peers?

The above table shows the PS ratio for VODI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.9x
1U1 1&1
0.9x2.05%€3.8b
FNTN freenet
1.3x2.06%€3.2b
O2D Telefónica Deutschland Holding
0.7xn/a€6.0b
UTDI United Internet
0.7x3.23%€4.6b
VODI Vodafone Group
0.7x1.30%€22.0b

Price-To-Sales vs Peers: VODI is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (0.9x).

Price to Sales Ratio vs Industry

How does VODI's PS Ratio compare vs other companies in the Global Wireless Telecom Industry?

6 CompaniesPrice / SalesEstimated GrowthMarket Cap
VODI 0.7xIndustry Avg. 1.6xNo. of Companies15PS012345+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: VODI is good value based on its Price-To-Sales Ratio (0.7x) compared to the Global Wireless Telecom industry average (1.6x).

Price to Sales Ratio vs Fair Ratio

What is VODI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VODI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.7x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: VODI is good value based on its Price-To-Sales Ratio (0.7x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VODI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.05
€1.00
-4.71%
23.59%€1.61€0.69n/a16
Oct ’26€0.99
€0.99
+0.24%
23.28%€1.57€0.70n/a16
Sep ’26€1.01
€0.99
-2.55%
22.59%€1.57€0.70n/a17
Aug ’26€0.95
€0.98
+3.50%
22.56%€1.57€0.69n/a17
Jul ’26€0.92
€0.99
+7.07%
22.54%€1.54€0.64n/a16
Jun ’26€0.91
€0.98
+7.85%
23.06%€1.54€0.65n/a16
May ’26€0.86
€1.00
+17.16%
26.76%€1.66€0.64n/a16
Apr ’26€0.87
€1.02
+17.62%
25.53%€1.66€0.72n/a16
Mar ’26€0.85
€1.03
+21.81%
26.81%€1.66€0.72n/a15
Feb ’26€0.82
€1.07
+30.37%
28.69%€1.82€0.77n/a14
Jan ’26€0.81
€1.09
+33.71%
28.61%€1.82€0.78n/a14
Dec ’25€0.86
€1.09
+26.20%
26.40%€1.68€0.78n/a14
Nov ’25€0.87
€1.11
+27.32%
26.21%€1.68€0.77€1.0514
Oct ’25€0.92
€1.14
+24.00%
27.27%€1.66€0.77€0.9915
Sep ’25€0.88
€1.13
+28.19%
27.07%€1.66€0.77€1.0116
Aug ’25€0.86
€1.14
+32.80%
25.87%€1.66€0.77€0.9516
Jul ’25€0.83
€1.13
+36.46%
26.26%€1.66€0.76€0.9216
Jun ’25€0.88
€1.09
+24.32%
25.08%€1.57€0.76€0.9115
May ’25€0.79
€1.09
+37.41%
24.56%€1.52€0.76€0.8615
Apr ’25€0.83
€1.13
+36.24%
25.73%€1.64€0.76€0.8713
Mar ’25€0.83
€1.10
+33.33%
25.43%€1.64€0.80€0.8514
Feb ’25€0.80
€1.16
+43.93%
26.20%€1.70€0.79€0.8214
Jan ’25€0.79
€1.20
+50.50%
27.17%€1.90€0.80€0.8114
Dec ’24€0.84
€1.19
+40.95%
26.39%€1.90€0.80€0.8615
Nov ’24€0.89
€1.26
+42.10%
25.39%€1.90€0.87€0.8716
€0.99
Fair Value
6.1% overvalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/31 09:59
End of Day Share Price 2025/10/31 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vodafone Group Public Limited Company is covered by 38 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew Charles BealeArete Research Services LLP
John EadeArgus Research Company
William PowerBaird