Telefónica Future Growth

Future criteria checks 3/6

Telefónica is forecast to grow earnings and revenue by 40.3% and 0.8% per annum respectively. EPS is expected to grow by 40.6% per annum. Return on equity is forecast to be 8.6% in 3 years.

Key information

40.3%

Earnings growth rate

40.6%

EPS growth rate

Telecom earnings growth	21.2%
Revenue growth rate	0.8%
Future return on equity	8.6%
Analyst coverage	Good
Last updated	03 Jun 2024

Recent future growth updates

Recent updates

An Intrinsic Calculation For Telefónica, S.A. (BME:TEF) Suggests It's 50% Undervalued

Jun 04

Increases to Telefónica, S.A.'s (BME:TEF) CEO Compensation Might Cool off for now

Apr 06

Telefónica (BME:TEF) Has Affirmed Its Dividend Of €0.1215

Mar 14

Is Telefónica (BME:TEF) Using Too Much Debt?

Feb 24

Investors Don't See Light At End Of Telefónica, S.A.'s (BME:TEF) Tunnel

Jan 03

Telefónica (BME:TEF) Is Paying Out A Dividend Of €0.1215

Dec 08

Telefónica (BME:TEF) Has Announced A Dividend Of €0.1215

Nov 23

Telefónica (BME:TEF) Has Affirmed Its Dividend Of €0.1215

Nov 09

Telefónica (BME:TEF) Takes On Some Risk With Its Use Of Debt

Nov 06

Are Investors Undervaluing Telefónica, S.A. (BME:TEF) By 41%?

Oct 01

Telefónica (BME:TEF) Has Affirmed Its Dividend Of €0.1215

Sep 10

Telefónica (BME:TEF) Has Announced A Dividend Of €0.1215

Aug 27

Earnings and Revenue Growth Forecasts

BME:TEF - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	41,730	1,964	3,706	10,187	15
12/31/2025	41,373	1,903	3,565	10,073	21
12/31/2024	41,099	1,784	3,553	10,150	21
3/31/2024	40,747	-915	5,263	11,560	N/A
12/31/2023	40,652	-1,146	5,488	11,649	N/A
9/30/2023	40,810	1,542	5,562	12,403	N/A
6/30/2023	40,899	1,500	5,810	12,313	N/A
3/31/2023	41,411	1,379	5,413	12,061	N/A
12/31/2022	39,993	1,802	5,413	11,763	N/A
9/30/2022	41,188	-119	4,719	10,322	N/A
6/30/2022	39,856	127	3,717	9,895	N/A
3/31/2022	39,118	7,726	4,067	9,715	N/A
12/31/2021	39,277	7,884	3,540	10,268	N/A
9/30/2021	40,959	10,191	4,426	11,827	N/A
6/30/2021	42,270	9,325	5,434	13,020	N/A
3/31/2021	42,923	1,826	5,529	13,493	N/A
12/31/2020	43,949	1,332	5,667	13,196	N/A
9/30/2020	46,459	207	5,102	12,882	N/A
6/30/2020	47,580	-76	4,909	13,016	N/A
3/31/2020	48,353	341	5,453	13,622	N/A
12/31/2019	49,312	860	6,612	15,022	N/A
9/30/2019	49,160	1,676	7,034	15,266	N/A
6/30/2019	49,150	3,258	6,625	14,616	N/A
3/31/2019	49,448	3,140	5,808	14,461	N/A
12/31/2018	49,508	2,929	4,646	13,423	N/A
9/30/2018	49,752	2,798	4,429	13,143	N/A
6/30/2018	50,828	2,498	4,626	13,943	N/A
3/31/2018	51,916	2,703	4,716	13,674	N/A
12/31/2017	52,871	2,856	N/A	13,796	N/A
9/30/2017	53,442	2,327	N/A	13,899	N/A
6/30/2017	53,762	2,471	N/A	13,900	N/A
3/31/2017	53,519	2,344	N/A	13,874	N/A
12/31/2016	52,903	2,113	N/A	13,338	N/A
9/30/2016	53,091	-259	N/A	N/A	N/A
6/30/2016	53,939	-532	N/A	13,248	N/A
3/31/2016	56,873	418	N/A	N/A	N/A
12/31/2015	55,862	368	N/A	13,615	N/A
9/30/2015	53,802	2,863	N/A	N/A	N/A
6/30/2015	50,586	2,899	N/A	12,370	N/A
3/31/2015	45,429	2,278	N/A	N/A	N/A
12/31/2014	51,151	2,814	N/A	12,193	N/A
9/30/2014	46,174	3,785	N/A	N/A	N/A
6/30/2014	50,007	4,128	N/A	13,527	N/A
3/31/2014	53,924	4,259	N/A	N/A	N/A
12/31/2013	51,228	4,124	N/A	14,344	N/A
9/30/2013	59,056	3,618	N/A	14,504	N/A
6/30/2013	60,758	3,909	N/A	15,231	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TEF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.5%).

Earnings vs Market: TEF is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TEF is expected to become profitable in the next 3 years.

Revenue vs Market: TEF's revenue (0.8% per year) is forecast to grow slower than the Spanish market (4.4% per year).

High Growth Revenue: TEF's revenue (0.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TEF's Return on Equity is forecast to be low in 3 years time (8.6%).

Telefónica Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Telefónica, S.A. Provides Revenue Guidance for the Year of 2023

Recent updates

An Intrinsic Calculation For Telefónica, S.A. (BME:TEF) Suggests It's 50% Undervalued

Telefónica, S.A. Announces Dividend for the Year 2024

First quarter 2024 earnings: EPS misses analyst expectations

Telefónica (BME:TEF) Has Announced A Dividend Of €0.1215

Telefónica, S.A. Announces Board Changes

Telefónica (BME:TEF) Is Paying Out A Dividend Of €0.1215

Telefónica, S.A. Approves Distribution of Cash Dividend for the Year 2024, Payable on June 20, 2024 and December 19, 2024

Criteria Caixa, S.A.U Engages in Discussions with Management of Telefónica

Telefónica (BME:TEF) Will Pay A Dividend Of €0.1215

Increases to Telefónica, S.A.'s (BME:TEF) CEO Compensation Might Cool off for now

Sociedad Estatal de Participaciones Industriales acquired a 3.04% stake in Telefónica, S.A. for €700 million.

Telefónica (BME:TEF) Has Affirmed Its Dividend Of €0.1215

Final dividend of €0.12 announced

Telefónica, S.A., Annual General Meeting, Apr 12, 2024

Is Telefónica (BME:TEF) Using Too Much Debt?

Full year 2023 earnings: EPS misses analyst expectations

Investors Don't See Light At End Of Telefónica, S.A.'s (BME:TEF) Tunnel

Telefonica's Shares Soar After Spanish Government Unveils Plan to Buy Stake

Telefónica, S.A. Announces Board and Committee Changes

Telefónica (BME:TEF) Is Paying Out A Dividend Of €0.1215

Upcoming dividend of €0.12 per share at 7.5% yield

Telefónica (BME:TEF) Has Announced A Dividend Of €0.1215

Telefónica, S.A. to Report Q3, 2024 Results on Nov 07, 2024

Telefónica, S.A. Provides Revenue Guidance for the Year of 2023

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Telefónica, S.A. to Report Fiscal Year 2023 Results on Feb 22, 2024

Telefónica (BME:TEF) Has Affirmed Its Dividend Of €0.1215

Telefonica to Launch EUR 1.97 Billion Bid to Fully Acquire German Unit

Telefónica (BME:TEF) Takes On Some Risk With Its Use Of Debt

Are Investors Undervaluing Telefónica, S.A. (BME:TEF) By 41%?

Telefónica (BME:TEF) Has Affirmed Its Dividend Of €0.1215

Saudi Telecom Company (SASE:7010) acquired a 9.9% stake in Telefónica, S.A. (BME : TEF) for SAR 8.5 billion.

Saudi Telecom Company (SASE:7010) acquired a 9.9% stake in Telefónica, S.A. (BME : TEF) for SAR 8.5 billion.

Telefónica (BME:TEF) Has Announced A Dividend Of €0.1215

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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