Telefónica, S.A.

BME:TEF Stock Report

Market Cap: €22.2b

Telefónica Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Marc Thomas Millar

Chief executive officer

€5.1m

Total compensation

CEO salary percentage35.74%
CEO tenure1.3yrs
CEO ownershipn/a
Management average tenure1.2yrs
Board average tenure2.4yrs

Recent management updates

Recent updates

Analysis Article Nov 28

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

The board of Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of...
Analysis Article Nov 04

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

Telefónica, S.A. ( BME:TEF ) will pay a dividend of €0.1215 on the 18th of December. This makes the dividend yield...
Narrative Update Nov 03

TEF: Potential Vodafone Spain Deal And Modest Margin Gains Will Guide Next Steps

Telefónica’s analyst price target has been raised modestly, with new estimates rising from €4.45 to €4.51. This reflects analysts’ updated views based on slightly improved profit margins and adjusted revenue forecasts.
Narrative Update Oct 20

Fiber Modernization And Digital Services Will Unlock Future Markets

Analysts have raised their price target for Telefónica from €4.70 to €4.80, citing updated estimates following recent foreign exchange changes and financial results. Analyst Commentary Bullish Takeaways Bullish analysts note that updated foreign exchange rates have positively impacted the company's valuation and supported a higher price target.
Analysis Article Oct 18

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

Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of December...
Analysis Article Oct 08

Returns On Capital At Telefónica (BME:TEF) Paint A Concerning Picture

What financial metrics can indicate to us that a company is maturing or even in decline? More often than not, we'll see...
Analysis Article Sep 16

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

Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of December...
Narrative Update Sep 02

Fiber Modernization And Digital Services Will Unlock Future Markets

The consensus Analyst Price Target for Telefónica edged up slightly from €4.35 to €4.41, primarily due to updated foreign exchange impacts and minor model adjustments, with no material change in business fundamentals. Analyst Commentary Updated foreign exchange moves impacting future earnings estimates.
Analysis Article Aug 29

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

Telefónica, S.A.'s ( BME:TEF ) investors are due to receive a payment of €0.1215 per share on 18th of December. Based...
Analysis Article Aug 11

Telefónica's (BME:TEF) Dividend Will Be €0.1215

Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of December...
Analysis Article Jul 28

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

The board of Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend on the 18th of December, with...
Analysis Article Jul 22

Here's Why Telefónica (BME:TEF) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Jun 30

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

The board of Telefónica, S.A. ( BME:TEF ) has announced that it will pay a dividend of €0.1215 per share on the 18th of...
Analysis Article Jun 16

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

Telefónica, S.A. ( BME:TEF ) will pay a dividend of €0.1215 on the 19th of June. This means the annual payment is 6.5...
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New Narrative Nov 07

Fiber Expansion And 5G Investment Poised To Power Future Growth

Telefónica's network investments and strategic agreements solidify market position and future revenue prospects.

CEO Compensation Analysis

How has Marc Thomas Millar's remuneration changed compared to Telefónica's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025€5m€2m

-€2b

Compensation vs Market: Marc Thomas's total compensation ($USD5.97M) is above average for companies of similar size in the Spanish market ($USD3.32M).

Compensation vs Earnings: Insufficient data to compare Marc Thomas's compensation with company performance.


CEO

Marc Thomas Millar (53 yo)

1.3yrs
Tenure
€5,133,764
Compensation

Mr. Marc Thomas Murtra Millar served as Chairman at Indra Sistemas, S.A. since May 27, 2021 until 2025 and served as its Executive Chairman until 2025. Mr. Murtra serves as Advisor of Intelliment Security....


Leadership Team

NamePositionTenureCompensationOwnership
Marc Thomas Millar
Executive Chairman & CEO1.3yrs€5.13mno data
Emilio Rodríguez
COO & Executive Director1.2yrs€3.19mno data
Juan Azcue Vich
Chief Financial & Corporate Development Officerno datano datano data
Adrian Ruano
Head of Investor Relationsno datano datano data
Pablo de Carvajal González
General Counsel8.3yrsno datano data
Salvador Ruiz
Chief Communications & Corporate Marketing Officer1.3yrsno datano data
Marta Machicot
Chief People Officer8.3yrsno datano data
Francisco de Paz Mancho
Deputy to Chairman1.3yrs€258.60k0.0014%
€ 317.6k
Daniel Domenjó
CEO of Movistar+1.2yrsno datano data
Alvaro Arevalo
Chief of Staff of Chairman's Office & Corporate Affairs1.2yrsno datano data
Borja Ochoa Gil
CEO of Telefonica Spain1.1yrsno datano data
Santiago Hesse
CEO of Telefónica Germanyless than a yearno datano data
1.2yrs
Average Tenure
60yo
Average Age

Experienced Management: TEF's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Marc Thomas Millar
Executive Chairman & CEO1.3yrs€5.13mno data
Emilio Rodríguez
COO & Executive Director1.2yrs€3.19mno data
Christian Mauad Gebara
Chairman & CEO of Telefónica Brasilno datano datano data
Isidro Faine Casas
Vice Chairman32.3yrs€280.00k0.012%
€ 2.8m
Peter Loscher
Lead Independent Director10.1yrs€329.93k0.0032%
€ 708.4k
Alejandro Ample
Independent Director2.4yrs€120.93kno data
Maria Garci Blanco
Independent Director8.1yrs€246.20k0.00066%
€ 146.6k
Claudia Ramirez
Independent Director6.4yrs€200.00kno data
Solange Targa
Independent Director2.4yrs€140.20kno data
Ana Maria Andres
Independent Director1.3yrs€125.87kno data
Carlos Orbis
Vice-Chairman of the Board2yrs€306.20kno data
Olayan Alwetaid
Proprietary Director1.3yrs€100.00kno data
2.4yrs
Average Tenure
53yo
Average Age

Experienced Board: TEF's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/15 23:50
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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

Telefónica, S.A. is covered by 41 analysts. 17 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
null nullBanco de Sabadell. S.A.
Fernando Cordero BarreiraBanco Santander