Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide.
Average dividend payer and slightly overvalued.
Share Price & News
How has Telenor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TEL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TEL underperformed the Norwegian Telecom industry which returned -9.4% over the past year.
Return vs Market: TEL underperformed the Norwegian Market which returned -13.3% over the past year.
Price Volatility Vs. Market
How volatile is Telenor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHere's Why Telenor (OB:TEL) Has A Meaningful Debt Burden
3 weeks ago | Simply Wall StDon't Buy Telenor ASA (OB:TEL) For Its Next Dividend Without Doing These Checks
1 month ago | Simply Wall StWhy Telenor ASA's (OB:TEL) High P/E Ratio Isn't Necessarily A Bad Thing
Is Telenor undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TEL (NOK147.4) is trading below our estimate of fair value (NOK344.84)
Significantly Below Fair Value: TEL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TEL is poor value based on its PE Ratio (38.3x) compared to the Telecom industry average (18.3x).
PE vs Market: TEL is poor value based on its PE Ratio (38.3x) compared to the Norwegian market (12x).
Price to Earnings Growth Ratio
PEG Ratio: TEL is poor value based on its PEG Ratio (2.8x)
Price to Book Ratio
PB vs Industry: TEL is overvalued based on its PB Ratio (5x) compared to the XE Telecom industry average (1.6x).
How is Telenor forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TEL's forecast earnings growth (13.8% per year) is above the savings rate (1.6%).
Earnings vs Market: TEL's earnings (13.8% per year) are forecast to grow slower than the Norwegian market (35.2% per year).
High Growth Earnings: TEL's earnings are forecast to grow, but not significantly.
Revenue vs Market: TEL's revenue (1.1% per year) is forecast to grow slower than the Norwegian market (5% per year).
High Growth Revenue: TEL's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TEL's Return on Equity is forecast to be very high in 3 years time (41.9%).
How has Telenor performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TEL has high quality earnings.
Growing Profit Margin: TEL's current net profit margins (4.7%) are lower than last year (7.4%).
Past Earnings Growth Analysis
Earnings Trend: TEL's earnings have grown by 2.9% per year over the past 5 years.
Accelerating Growth: TEL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TEL had negative earnings growth (-28.9%) over the past year, making it difficult to compare to the Telecom industry average (9.8%).
Return on Equity
High ROE: TEL's Return on Equity (18.9%) is considered low.
How is Telenor's financial position?
Financial Position Analysis
Short Term Liabilities: TEL's short term assets (NOK53.3B) do not cover its short term liabilities (NOK66.8B).
Long Term Liabilities: TEL's short term assets (NOK53.3B) do not cover its long term liabilities (NOK162.9B).
Debt to Equity History and Analysis
Debt Level: TEL's debt to equity ratio (240.8%) is considered high.
Reducing Debt: TEL's debt to equity ratio has increased from 89% to 240.8% over the past 5 years.
Debt Coverage: TEL's debt is well covered by operating cash flow (30.4%).
Interest Coverage: TEL's interest payments on its debt are well covered by EBIT (7x coverage).
What is Telenor's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TEL's dividend (5.9%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.96%).
High Dividend: TEL's dividend (5.9%) is low compared to the top 25% of dividend payers in the Norwegian market (7%).
Stability and Growth of Payments
Stable Dividend: TEL's dividends per share have been stable in the past 10 years.
Growing Dividend: TEL's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (226.1%), TEL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TEL's dividends in 3 years are forecast to be covered by earnings (80.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sigve Brekke (60yo)
Mr. Sigve Brekke has been the Chief Executive Officer and President of Telenor ASA since August 17, 2015. Mr. Brekke served as the Chief Executive Officer of Total Access Communication Public Company Limit ...
CEO Compensation Analysis
Compensation vs Market: Sigve's total compensation ($USD16.14K) is below average for companies of similar size in the Norwegian market ($USD1.01M).
Compensation vs Earnings: Sigve's compensation has been consistent with company performance over the past year.
|President & CEO||4.75yrs||kr14.52m||0.010% NOK21.4m|
|Executive VP & CTO||3yrs||kr7.77m||0.0012% NOK2.5m|
|Acting Executive VP & Chief Marketing Officer||1yr||kr3.60m||0.00060% NOK1.3m|
|Executive VP & Chief People Officer||2.42yrs||kr5.04m||0.00073% NOK1.5m|
|Executive VP & CEO of Telenor Norge AS||3.42yrs||kr6.20m||0.0033% NOK6.9m|
|Executive VP & Chief Corporate Affairs Officer||1.58yrs||kr4.54m||0.00049% NOK1.0m|
|Executive VP & Head of Asia Business||no data||kr7.32m||0.0017% NOK3.6m|
|Executive VP of Nordic Cluster & CEO of DNA at Finland||0.42yr||kr6.49m||0.00063% NOK1.3m|
|Head of Investor Relations||no data||no data||no data|
|General Counsel||no data||no data||0.00036% NOK754.9k|
Experienced Management: TEL's management team is considered experienced (2.4 years average tenure).
|Vice Chair of the Board||2.83yrs||kr700.00k||0.00014% NOK293.6k|
|Chair of the Board||4.33yrs||kr848.00k||0.00084% NOK1.8m|
|Vice Chairman of Corporate Assembly||2.33yrs||no data||no data|
|Employee Representative Director||1yr||kr274.00k||0.0041% NOK8.6m|
|Employee Representative Director||1yr||kr277.00k||no data|
|Employee Representative Director||1yr||kr323.00k||0.000050% NOK104.9k|
|Chairman of Corporate Assembly||1yr||no data||no data|
Experienced Board: TEL's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TEL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Telenor ASA's company bio, employee growth, exchange listings and data sources
- Name: Telenor ASA
- Ticker: TEL
- Exchange: OB
- Founded: 1855
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: kr209.701b
- Shares outstanding: 1.42b
- Website: https://www.telenor.com
Number of Employees
- Telenor ASA
- Snarøyveien 30
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TELN.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Dec 2000|
|TEL||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Dec 2000|
|TEQ||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Dec 2000|
|0G8C||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Dec 2000|
|TELNF||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Dec 2000|
|TELO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Dec 2000|
|TEL||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Dec 2000|
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company’s mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging. Its fixed line services consist of telephony, Internet and TV, and leased lines, as well as data and managed services; and broadcast services include DTH, and broadcasting and data communication services through satellite, and terrestrial radio and TV transmission. The company also provides wholesale services that enable the operators to route international voice, messaging, data, and signaling traffic through a single connection to a global network, as well as handles international roaming relationships. In addition, it offers digital services, such as international communication services and machine to machine communication, as well as Internet based services, digital media advertising, and financial services. Further, the company sells mobile devices; and leases base station sites and equipment. Telenor ASA was founded in 1855 and is headquartered in Fornebu, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/31 20:53|
|End of Day Share Price||2020/05/29 00:00|
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.