Tele2 AB (publ)

LSE:0QE6 Stock Report

Market Cap: SEK 77.9b

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.

Below Fair Value: 0QE6 (SEK112.4) is trading below our estimate of fair value (SEK207.87)

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 Ratio20.3x
EarningsSEK 3.80b
Market CapSEK 77.87b

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 Average16.1x
VOD Vodafone Group
9.2x4.2%UK£18.0b
BT.A BT Group
18.2x14.7%UK£13.7b
GAMA Gamma Communications
27.2x12.7%UK£1.5b
MTSS Mobile TeleSystems
9.7x16.9%₽463.3b
0QE6 Tele2
20.3x7.5%SEK 77.9b

Price-To-Earnings vs Peers: 0QE6 is expensive based on its Price-To-Earnings Ratio (20.3x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0QE6 20.3xIndustry Avg. 17.8xNo. of Companies9PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0QE6 is expensive based on its Price-To-Earnings Ratio (20.3x) compared to the Global Wireless Telecom industry average (17.8x).

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 Ratio20.3x
Fair PE Ratio18.4x

Price-To-Earnings vs Fair Ratio: 0QE6 is expensive based on its Price-To-Earnings Ratio (20.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.4x).

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 112.40
SEK 113.95
+1.4%
9.7%SEK 135.00SEK 93.00n/a21
Nov ’25SEK 112.05
SEK 112.66
+0.5%
8.7%SEK 133.00SEK 93.00n/a21
Oct ’25SEK 115.21
SEK 110.13
-4.4%
9.6%SEK 130.00SEK 93.00n/a20
Sep ’25SEK 116.15
SEK 107.50
-7.4%
8.8%SEK 125.00SEK 90.00n/a21
Aug ’25SEK 109.97
SEK 106.63
-3.0%
8.3%SEK 124.00SEK 90.00n/a20
Jul ’25SEK 106.50
SEK 105.12
-1.3%
9.2%SEK 124.00SEK 86.00n/a20
Jun ’25SEK 101.89
SEK 103.27
+1.3%
10.2%SEK 124.00SEK 84.00n/a20
May ’25SEK 103.10
SEK 101.62
-1.4%
10.5%SEK 124.00SEK 84.00n/a20
Apr ’25SEK 87.90
SEK 98.51
+12.1%
10.4%SEK 120.00SEK 84.00n/a19
Mar ’25SEK 87.30
SEK 98.56
+12.9%
10.3%SEK 120.00SEK 84.00n/a19
Feb ’25SEK 88.98
SEK 98.35
+10.5%
10.8%SEK 120.00SEK 81.00n/a19
Jan ’25SEK 86.50
SEK 98.93
+14.4%
11.5%SEK 125.00SEK 81.00n/a18
Dec ’24SEK 83.34
SEK 97.83
+17.4%
11.3%SEK 125.00SEK 81.00n/a19
Nov ’24SEK 78.79
SEK 99.15
+25.8%
10.8%SEK 125.00SEK 81.00SEK 112.0520
Oct ’24SEK 83.46
SEK 100.49
+20.4%
12.0%SEK 127.00SEK 81.00SEK 115.2119
Sep ’24SEK 77.78
SEK 101.05
+29.9%
12.9%SEK 125.00SEK 81.00SEK 116.1519
Aug ’24SEK 78.50
SEK 103.16
+31.4%
13.8%SEK 130.00SEK 81.00SEK 109.9719
Jul ’24SEK 89.12
SEK 115.26
+29.3%
10.0%SEK 135.00SEK 89.00SEK 106.5019
Jun ’24SEK 98.26
SEK 115.26
+17.3%
10.0%SEK 135.00SEK 89.00SEK 101.8919
May ’24SEK 108.73
SEK 117.06
+7.7%
9.0%SEK 135.00SEK 98.00SEK 103.1017
Apr ’24SEK 101.40
SEK 117.56
+15.9%
11.1%SEK 148.00SEK 94.00SEK 87.9018
Mar ’24SEK 95.20
SEK 117.56
+23.5%
13.1%SEK 148.00SEK 93.00SEK 87.3018
Feb ’24SEK 89.78
SEK 120.32
+34.0%
11.5%SEK 148.00SEK 93.00SEK 88.9819
Jan ’24SEK 85.76
SEK 122.00
+42.3%
10.9%SEK 148.00SEK 96.00SEK 86.5019
Dec ’23SEK 94.17
SEK 125.42
+33.2%
13.3%SEK 170.00SEK 96.00SEK 83.3419
Nov ’23SEK 90.44
SEK 125.42
+38.7%
13.3%SEK 170.00SEK 96.00SEK 78.7919

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

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