Telefónica Future Growth

Future criteria checks 3/6

Telefónica is forecast to grow earnings and revenue by 51.5% and 0.7% per annum respectively. EPS is expected to grow by 51.4% per annum. Return on equity is forecast to be 8.4% in 3 years.

Key information

51.5%

Earnings growth rate

51.4%

EPS growth rate

Telecom earnings growth	9.2%
Revenue growth rate	0.7%
Future return on equity	8.4%
Analyst coverage	Good
Last updated	23 Apr 2024

Recent future growth updates

Recent updates

Liberty Global, Telefónica and InfraVia Capital Partners form JV for building new fibre network in U.K.

Jul 29

Earnings and Revenue Growth Forecasts

NYSE:TEF - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	41,663	1,939	3,665	10,305	13
12/31/2025	41,317	1,908	3,501	10,073	21
12/31/2024	41,022	1,749	3,684	11,343	21
12/31/2023	40,652	-1,146	5,488	11,649	N/A
9/30/2023	40,810	1,542	5,562	12,403	N/A
6/30/2023	40,899	1,500	5,810	12,313	N/A
3/31/2023	41,411	1,379	5,413	12,061	N/A
12/31/2022	39,993	1,802	5,413	11,763	N/A
9/30/2022	41,188	-119	4,719	10,322	N/A
6/30/2022	39,856	127	3,717	9,895	N/A
3/31/2022	39,118	7,726	4,067	9,715	N/A
12/31/2021	39,277	7,884	3,540	10,268	N/A
9/30/2021	40,959	10,191	4,426	11,827	N/A
6/30/2021	42,270	9,325	5,434	13,020	N/A
3/31/2021	42,923	1,826	5,529	13,493	N/A
12/31/2020	43,949	1,332	5,667	13,196	N/A
9/30/2020	46,459	207	5,102	12,882	N/A
6/30/2020	47,580	-76	4,909	13,016	N/A
3/31/2020	48,353	341	5,453	13,622	N/A
12/31/2019	49,312	860	6,612	15,022	N/A
9/30/2019	49,160	1,676	7,034	15,266	N/A
6/30/2019	49,150	3,258	6,625	14,616	N/A
3/31/2019	49,448	3,140	5,808	14,461	N/A
12/31/2018	49,508	2,929	4,646	13,423	N/A
9/30/2018	49,752	2,798	4,429	13,143	N/A
6/30/2018	50,828	2,498	4,626	13,943	N/A
3/31/2018	51,916	2,703	4,716	13,674	N/A
12/31/2017	52,871	2,856	4,656	13,796	N/A
9/30/2017	53,442	2,327	N/A	13,899	N/A
6/30/2017	53,762	2,471	N/A	13,900	N/A
3/31/2017	53,519	2,344	N/A	13,874	N/A
12/31/2016	52,903	2,113	N/A	13,338	N/A
9/30/2016	53,091	-259	N/A	N/A	N/A
6/30/2016	53,939	-532	N/A	13,248	N/A
3/31/2016	56,873	418	N/A	N/A	N/A
12/31/2015	55,862	368	N/A	13,615	N/A
9/30/2015	53,802	2,863	N/A	N/A	N/A
6/30/2015	50,586	2,899	N/A	12,370	N/A
3/31/2015	45,429	2,278	N/A	N/A	N/A
12/31/2014	51,151	2,814	N/A	12,193	N/A
9/30/2014	46,174	3,785	N/A	N/A	N/A
6/30/2014	50,007	4,128	N/A	13,527	N/A
3/31/2014	53,924	4,259	N/A	N/A	N/A
12/31/2013	51,228	4,124	N/A	14,344	N/A
9/30/2013	59,056	3,618	N/A	14,504	N/A
6/30/2013	60,758	3,909	N/A	15,231	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TEF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.4%).

Earnings vs Market: TEF is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: TEF is expected to become profitable in the next 3 years.

Revenue vs Market: TEF's revenue (0.7% per year) is forecast to grow slower than the US market (8.2% per year).

High Growth Revenue: TEF's revenue (0.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TEF's Return on Equity is forecast to be low in 3 years time (8.4%).

Telefónica Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Telefónica, S.A. Provides Revenue Guidance for the Year of 2023

Telefónica, S.A. Upgrades Earnings Guidance for the Year 2023

Recent updates

Telefónica, S.A. Approves Distribution of Cash Dividend for the Year 2024, Payable on June 20, 2024 and December 19, 2024

Criteria Caixa, S.A.U Engages in Discussions with Management of Telefónica

Sociedad Estatal de Participaciones Industriales acquired a 3.04% stake in Telefónica, S.A. for €700 million.

Telefónica, S.A., Annual General Meeting, Apr 12, 2024

With 8% Dividend Yield, Telefonica Has Upside Potential

Telefonica's Shares Soar After Spanish Government Unveils Plan to Buy Stake

Telefónica, S.A. Announces Board and Committee Changes

Telefonica: Don't Let An 8% Dividend Yield Fool You

Telefónica, S.A. to Report Q3, 2024 Results on Nov 07, 2024

Telefónica, S.A. Provides Revenue Guidance for the Year of 2023

Telefónica, S.A. to Report Fiscal Year 2023 Results on Feb 22, 2024

Telefonica to Launch EUR 1.97 Billion Bid to Fully Acquire German Unit

Saudi Telecom Company (SASE:7010) acquired a 9.9% stake in Telefónica, S.A. (BME : TEF) for SAR 8.5 billion.

Saudi Telecom Company (SASE:7010) acquired a 9.9% stake in Telefónica, S.A. (BME : TEF) for SAR 8.5 billion.

Telefónica, S.A. Upgrades Earnings Guidance for the Year 2023

Asterion, Telefonica Reportedly Explore Sale of Spanish IT Infrastructure Group

Telefonica: Reiterate Buy, Potential Long-Term Performance

Telefonica S.A. Non-GAAP EPS of €0.12, revenue of €10.2B

Telefonica: There's A Significant Upside At This Valuation In 2023

Telefonica S.A. goes ex-dividend tomorrow

Telefónica, S.A. to Report Q1, 2023 Results on May 11, 2023

Telefónica, S.A. to Report Fiscal Year 2022 Results on Feb 23, 2023

Continued Underestimation For Telefonica - I'm 'Buying'

Telefónica, S.A. (BME:TEF) acquired Imascono Art S.L.

Telefonica - An Update With Undervaluation

Telefónica, S.A. Announces Dividend for 2022, Payable in December 2022 and June 2023

Telefónica, S.A. to Report Nine Months, 2022 Results on Nov 04, 2022

Liberty Global, Telefónica and InfraVia Capital Partners form JV for building new fibre network in U.K.

Global Alconaba, S.L. has signed an agreement to acquire a 7.1% stake in Promotora de Informaciones, S.A. (BME:PRS) from Telefónica, S.A. (BME:TEF) for €34.1 million.

Telefónica, S.A. to Report Q2, 2022 Results on Jul 28, 2022

Telefónica, S.A. (BME:TEF) acquired Hybridium Ltd from LoopUp Group plc (AIM:LOOP) recently.

Telefónica, S.A., Annual General Meeting, Apr 07, 2022

Telefónica, S.A. to Report Q1, 2022 Results on May 12, 2022

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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