Tele2 AB (publ)

BATS-CHIXE:TEL2BS Stock Report

Market Cap: SEK 75.4b

Tele2 Valuation

Is TEL2BS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TEL2BS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TEL2BS (SEK115.35) is trading below our estimate of fair value (SEK246.91)

Significantly Below Fair Value: TEL2BS is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TEL2BS?

Key metric: As TEL2BS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TEL2BS. This is calculated by dividing TEL2BS's market cap by their current earnings.
What is TEL2BS's PE Ratio?
PE Ratio19.9x
EarningsSEK 3.80b
Market CapSEK 75.44b

Price to Earnings Ratio vs Peers

How does TEL2BS's PE Ratio compare to its peers?

The above table shows the PE ratio for TEL2BS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
VOD Vodafone Group
8.8x3.7%UK£17.2b
BT.A BT Group
18.7x14.1%UK£14.3b
GAMA Gamma Communications
26.3x14.2%UK£1.5b
MTSS Mobile TeleSystems
9.7x16.9%₽463.3b
TEL2BS Tele2
19.9x5.0%SEK 75.4b

Price-To-Earnings vs Peers: TEL2BS is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the peer average (18x).

Price to Earnings Ratio vs Industry

How does TEL2BS's PE Ratio compare vs other companies in the Global Wireless Telecom Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies9PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TEL2BS is expensive based on its Price-To-Earnings Ratio (19.9x) compared to the Global Wireless Telecom industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is TEL2BS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TEL2BS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TEL2BS's Price-To-Earnings Fair Ratio for valuation analysis.

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 TEL2BS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 116.19
0%
9.7%SEK 145.00SEK 93.00n/a21
Dec ’25n/a
SEK 115.23
0%
9.6%SEK 140.00SEK 93.00n/a21
Nov ’25SEK 111.80
SEK 112.66
+0.8%
8.7%SEK 133.00SEK 93.00n/a21
Oct ’25SEK 115.03
SEK 110.13
-4.3%
9.6%SEK 130.00SEK 93.00n/a20
Sep ’25SEK 115.10
SEK 107.50
-6.6%
8.8%SEK 125.00SEK 90.00n/a21
Aug ’25SEK 110.05
SEK 106.63
-3.1%
8.3%SEK 124.00SEK 90.00n/a20
Jul ’25SEK 106.35
SEK 105.12
-1.2%
9.2%SEK 124.00SEK 86.00n/a20
Jun ’25n/a
SEK 103.27
0%
10.2%SEK 124.00SEK 84.00n/a20
May ’25SEK 104.93
SEK 101.62
-3.2%
10.5%SEK 124.00SEK 84.00n/a20
Apr ’25SEK 87.74
SEK 98.51
+12.3%
10.4%SEK 120.00SEK 84.00n/a19
Mar ’25n/a
SEK 98.56
0%
10.3%SEK 120.00SEK 84.00n/a19
Feb ’25SEK 86.99
SEK 98.35
+13.1%
10.8%SEK 120.00SEK 81.00n/a19
Jan ’25n/a
SEK 98.93
0%
11.5%SEK 125.00SEK 81.00n/a18
Dec ’24SEK 82.24
SEK 97.83
+19.0%
11.3%SEK 125.00SEK 81.00n/a19
Nov ’24SEK 79.07
SEK 99.15
+25.4%
10.8%SEK 125.00SEK 81.00SEK 111.8020
Oct ’24n/a
SEK 100.49
0%
12.0%SEK 127.00SEK 81.00SEK 115.0319
Sep ’24SEK 77.86
SEK 101.05
+29.8%
12.9%SEK 125.00SEK 81.00SEK 115.1019
Aug ’24n/a
SEK 103.16
0%
13.8%SEK 130.00SEK 81.00SEK 110.0519
Jul ’24SEK 89.64
SEK 115.26
+28.6%
10.0%SEK 135.00SEK 89.00SEK 106.3519
Jun ’24SEK 97.82
SEK 115.26
+17.8%
10.0%SEK 135.00SEK 89.00n/a19
May ’24SEK 108.85
SEK 117.06
+7.5%
9.0%SEK 135.00SEK 98.00SEK 104.9317
Apr ’24SEK 100.65
SEK 117.56
+16.8%
11.1%SEK 148.00SEK 94.00SEK 87.7418
Mar ’24SEK 94.98
SEK 117.56
+23.8%
13.1%SEK 148.00SEK 93.00n/a18
Feb ’24n/a
SEK 120.32
0%
11.5%SEK 148.00SEK 93.00SEK 86.9919
Jan ’24SEK 86.28
SEK 122.00
+41.4%
10.9%SEK 148.00SEK 96.00n/a19
Dec ’23SEK 93.68
SEK 125.42
+33.9%
13.3%SEK 170.00SEK 96.00SEK 82.2419

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 11:54
End of Day Share Price 2024/12/05 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Tele2 AB (publ) is covered by 38 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ole KjerkreitABG Sundal Collier
Jean-Michel SalvadorAlphaValue
Maurice PatrickBarclays