Telenor ASA

OB:TEL Stock Report

Market Cap: NOK 196.5b

Telenor Future Growth

Future criteria checks 1/6

Telenor is forecast to grow earnings and revenue by 9.4% and 0.5% per annum respectively. EPS is expected to grow by 10.3% per annum. Return on equity is forecast to be 18.7% in 3 years.

Key information

9.4%

Earnings growth rate

10.34%

EPS growth rate

Telecom earnings growth18.4%
Revenue growth rate0.5%
Future return on equity18.68%
Analyst coverage

Good

Last updated19 Dec 2025

Recent future growth updates

Analysts Are Updating Their Telenor ASA (OB:TEL) Estimates After Its First-Quarter Results

May 09
Analysts Are Updating Their Telenor ASA (OB:TEL) Estimates After Its First-Quarter Results

Recent updates

Telenor ASA's (OB:TEL) Business Is Yet to Catch Up With Its Share Price

Oct 28
Telenor ASA's (OB:TEL) Business Is Yet to Catch Up With Its Share Price

Telenor (OB:TEL) Seems To Use Debt Quite Sensibly

Sep 25
Telenor (OB:TEL) Seems To Use Debt Quite Sensibly

Here's Why We Think Telenor (OB:TEL) Is Well Worth Watching

Aug 30
Here's Why We Think Telenor (OB:TEL) Is Well Worth Watching

Telenor (OB:TEL) Is Due To Pay A Dividend Of NOK4.60

Aug 14
Telenor (OB:TEL) Is Due To Pay A Dividend Of NOK4.60

Some Shareholders Feeling Restless Over Telenor ASA's (OB:TEL) P/E Ratio

Jul 09
Some Shareholders Feeling Restless Over Telenor ASA's (OB:TEL) P/E Ratio

Telenor (OB:TEL) Has More To Do To Multiply In Value Going Forward

Jun 23
Telenor (OB:TEL) Has More To Do To Multiply In Value Going Forward

Analysts Are Updating Their Telenor ASA (OB:TEL) Estimates After Its First-Quarter Results

May 09
Analysts Are Updating Their Telenor ASA (OB:TEL) Estimates After Its First-Quarter Results

We Ran A Stock Scan For Earnings Growth And Telenor (OB:TEL) Passed With Ease

May 08
We Ran A Stock Scan For Earnings Growth And Telenor (OB:TEL) Passed With Ease

Telenor's (OB:TEL) Profits May Not Reveal Underlying Issues

Mar 28
Telenor's (OB:TEL) Profits May Not Reveal Underlying Issues

Telenor's (OB:TEL) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Mar 03
Telenor's (OB:TEL) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Does Telenor (OB:TEL) Have A Healthy Balance Sheet?

Feb 10
Does Telenor (OB:TEL) Have A Healthy Balance Sheet?

Some Shareholders Feeling Restless Over Telenor ASA's (OB:TEL) P/E Ratio

Jan 20
Some Shareholders Feeling Restless Over Telenor ASA's (OB:TEL) P/E Ratio

Earnings and Revenue Growth Forecasts

OB:TEL - Analysts future estimates and past financials data (NOK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202782,19914,33417,18929,11813
12/31/202680,97713,32716,28828,06914
12/31/202580,41111,67815,94927,90612
9/30/202580,82210,12518,24430,638N/A
6/30/202580,55510,21717,06529,476N/A
3/31/202580,1779,28517,91930,490N/A
12/31/202479,92818,59618,09831,481N/A
9/30/202480,3649,70219,67132,305N/A
6/30/202480,4349,10920,32633,484N/A
3/31/202480,7227,43817,84531,631N/A
12/31/202380,452-4,88114,39229,120N/A
9/30/202379,1857,11313,29329,565N/A
6/30/202378,6105,09414,50532,014N/A
3/31/202377,6333,07416,34035,910N/A
12/31/202276,8779,68319,92439,222N/A
9/30/202272,2763,92418,85838,378N/A
6/30/202280,1565,63821,37040,596N/A
3/31/202288,0668,80322,61640,852N/A
12/31/202197,1535,65122,82542,272N/A
9/30/2021111,40914,58125,67945,057N/A
6/30/2021112,40516,61824,05442,911N/A
3/31/2021114,22616,90824,97444,284N/A
12/31/2020115,83914,15524,82043,820N/A
9/30/2020118,25410,07221,34039,510N/A
6/30/2020118,2704,87519,25140,260N/A
3/31/2020116,2095,09214,62735,126N/A
12/31/2019113,6668,51512,23634,222N/A
9/30/2019105,6333,75910,15135,435N/A
6/30/2019104,7758,323N/A34,581N/A
3/31/2019105,3617,743N/A37,253N/A
12/31/2018105,9238,966N/A36,394N/A
9/30/2018110,89812,304N/A37,029N/A
6/30/2018110,79414,071N/A37,935N/A
3/31/2018111,62311,350N/A40,473N/A
12/31/2017112,06910,199N/A40,723N/A
9/30/2017115,11610,707N/A41,069N/A
6/30/2017118,9034,562N/A39,833N/A
3/31/2017121,4976,580N/A37,419N/A
12/31/2016125,39510,404N/A39,778N/A
9/30/2016127,1565,853N/A38,532N/A
6/30/2016127,7434,842N/A39,024N/A
3/31/2016128,2236,967N/A39,929N/A
12/31/2015128,1753,414N/A37,107N/A
9/30/2015125,1286,035N/A35,198N/A
6/30/2015120,97710,390N/A34,907N/A
3/31/2015117,5709,234N/A33,302N/A
12/31/2014111,4439,077N/A33,851N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TEL's forecast earnings growth (9.4% per year) is above the savings rate (3%).

Earnings vs Market: TEL's earnings (9.4% per year) are forecast to grow slower than the Norwegian market (16% per year).

High Growth Earnings: TEL's earnings are forecast to grow, but not significantly.

Revenue vs Market: TEL's revenue (0.5% per year) is forecast to grow slower than the Norwegian market (2.3% per year).

High Growth Revenue: TEL's revenue (0.5% 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 low in 3 years time (18.7%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/23 03:43
End of Day Share Price 2025/12/23 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

Telenor ASA is covered by 38 analysts. 14 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
William Noel MilnerArete Research Services LLP
John DaviesBanco Santander