Tele2 AB (publ)

LSE:0QE6 Stock Report

Market Cap: SEK 101.7b

Tele2 Valuation

Is 0QE6 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 0QE6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SEK 270.02
Fair Value
46.3% undervalued intrinsic discount
19
Number of Analysts

Below Fair Value: 0QE6 (SEK145.03) is trading below our estimate of fair value (SEK270.02)

Significantly Below Fair Value: 0QE6 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0QE6?

Key metric: As 0QE6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0QE6. This is calculated by dividing 0QE6's market cap by their current earnings.
What is 0QE6's PE Ratio?
PE Ratio23.5x
EarningsSEK 4.33b
Market CapSEK 101.75b

Price to Earnings Ratio vs Peers

How does 0QE6's PE Ratio compare to its peers?

The above table shows the PE ratio for 0QE6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
AAF Airtel Africa
29.9x26.19%UK£11.2b
BT.A BT Group
18.2x15.06%UK£17.3b
4904 Far EasTone Telecommunications
24.1x7.37%NT$329.9b
TIMS3 TIM
14.9x6.64%R$59.2b
0QE6 Tele2
23.5x10.06%SEK 101.7b

Price-To-Earnings vs Peers: 0QE6 is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the peer average (21.8x).

Price to Earnings Ratio vs Industry

How does 0QE6's PE Ratio compare vs other companies in the Global Wireless Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0QE6 23.5xIndustry Avg. 18.2xNo. of Companies12PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QE6 is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the Global Wireless Telecom industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0QE6'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.

0QE6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.5x
Fair PE Ratio17.1x

Price-To-Earnings vs Fair Ratio: 0QE6 is expensive based on its Price-To-Earnings Ratio (23.5x) compared to the estimated Fair Price-To-Earnings Ratio (17.1x).

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 0QE6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 145.03
SEK 161.02
+11.03%
12.95%SEK 200.00SEK 122.00n/a19
Nov ’26SEK 150.85
SEK 161.02
+6.74%
12.95%SEK 200.00SEK 122.00n/a19
Oct ’26SEK 159.29
SEK 159.26
-0.018%
13.50%SEK 200.00SEK 122.00n/a19
Sep ’26SEK 166.74
SEK 152.14
-8.75%
13.40%SEK 190.00SEK 122.00n/a18
Aug ’26SEK 152.21
SEK 146.31
-3.87%
14.04%SEK 190.00SEK 102.00n/a18
Jul ’26SEK 139.45
SEK 138.19
-0.91%
11.78%SEK 170.00SEK 102.00n/a19
Jun ’26SEK 143.51
SEK 137.43
-4.24%
11.73%SEK 170.00SEK 102.00n/a20
May ’26SEK 142.06
SEK 136.23
-4.10%
11.64%SEK 170.00SEK 102.00n/a20
Apr ’26SEK 135.07
SEK 128.74
-4.69%
11.72%SEK 160.00SEK 102.00n/a20
Mar ’26SEK 128.15
SEK 125.14
-2.35%
10.34%SEK 160.00SEK 102.00n/a20
Feb ’26SEK 122.95
SEK 122.80
-0.12%
9.29%SEK 145.00SEK 102.00n/a20
Jan ’26SEK 109.25
SEK 116.23
+6.39%
9.64%SEK 145.00SEK 93.00n/a21
Dec ’25SEK 114.45
SEK 115.23
+0.68%
9.63%SEK 140.00SEK 93.00n/a21
Nov ’25SEK 112.05
SEK 112.66
+0.55%
8.73%SEK 133.00SEK 93.00SEK 150.8521
Oct ’25SEK 115.21
SEK 110.13
-4.41%
9.59%SEK 130.00SEK 93.00SEK 159.2920
Sep ’25SEK 116.15
SEK 107.50
-7.44%
8.79%SEK 125.00SEK 90.00SEK 166.7421
Aug ’25SEK 109.97
SEK 106.63
-3.04%
8.27%SEK 124.00SEK 90.00SEK 152.2120
Jul ’25SEK 106.50
SEK 105.12
-1.30%
9.16%SEK 124.00SEK 86.00SEK 139.4520
Jun ’25SEK 101.89
SEK 103.27
+1.35%
10.16%SEK 124.00SEK 84.00SEK 143.5120
May ’25SEK 103.10
SEK 101.62
-1.44%
10.52%SEK 124.00SEK 84.00SEK 142.0620
Apr ’25SEK 87.90
SEK 98.51
+12.07%
10.37%SEK 120.00SEK 84.00SEK 135.0719
Mar ’25SEK 87.30
SEK 98.56
+12.90%
10.31%SEK 120.00SEK 84.00SEK 128.1519
Feb ’25SEK 88.98
SEK 98.35
+10.53%
10.80%SEK 120.00SEK 81.00SEK 122.9519
Jan ’25SEK 86.50
SEK 98.93
+14.37%
11.49%SEK 125.00SEK 81.00SEK 109.2518
Dec ’24SEK 83.34
SEK 97.83
+17.38%
11.34%SEK 125.00SEK 81.00SEK 114.4519
Nov ’24SEK 78.79
SEK 99.15
+25.84%
10.84%SEK 125.00SEK 81.00SEK 112.0520
SEK 159.12
Fair Value
8.9% undervalued intrinsic discount
19
Number of Analysts

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 Analysis2025/11/15 18:44
End of Day Share Price 2025/11/14 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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

Tele2 AB (publ) is covered by 38 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Jonathan DannBarclays
Maurice PatrickBarclays