OTCPK:TELD.F

Stock Analysis Report

Telefónica Deutschland Holding

Executive Summary

Telefónica Deutschland Holding AG provides telecommunication and connectivity solutions to private and business customers in Germany.

Snowflake

Fundamentals

Fair value with moderate growth potential.


Similar Companies

Share Price & News

How has Telefónica Deutschland Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:TELD.F

3.2%

US Telecom

1.3%

US Market


1 Year Return

-36.8%

OTCPK:TELD.F

8.4%

US Telecom

2.0%

US Market

TELD.F underperformed the Telecom industry which returned 8.4% over the past year.

TELD.F underperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

TELD.FIndustryMarket
7 Day0%3.2%1.3%
30 Day6.6%7.1%3.9%
90 Day-1.9%10.4%3.4%
1 Year-36.8%-36.8%14.1%8.4%4.2%2.0%
3 Year-31.4%-31.4%18.1%0.9%47.2%37.6%
5 Yearn/a35.1%4.2%60.5%42.9%

Price Volatility Vs. Market

How volatile is Telefónica Deutschland Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Telefónica Deutschland Holding undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Telefónica Deutschland Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).

Telefónica Deutschland Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Telefónica Deutschland Holding is loss making, we can't compare its value to the US Telecom industry average.

Telefónica Deutschland Holding is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Telefónica Deutschland Holding, we can't assess if its growth is good value.


Price Based on Value of Assets

Telefónica Deutschland Holding is good value based on assets compared to the US Telecom industry average.


Next Steps

Future Growth

How is Telefónica Deutschland Holding expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

69.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Telefónica Deutschland Holding's revenue is expected to grow by 0.8% yearly, however this is not considered high growth (20% yearly).

Telefónica Deutschland Holding's earnings are expected to grow significantly at over 20% yearly.

Telefónica Deutschland Holding's revenue growth is positive but not above the United States of America market average.

Telefónica Deutschland Holding's earnings growth is expected to exceed the United States of America market average.

Telefónica Deutschland Holding's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Telefónica Deutschland Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Telefónica Deutschland Holding performed over the past 5 years?

10.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Telefónica Deutschland Holding does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Telefónica Deutschland Holding's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Telefónica Deutschland Holding's 1-year growth to the US Telecom industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Telefónica Deutschland Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Telefónica Deutschland Holding has efficiently used its assets last year compared to the US Telecom industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Telefónica Deutschland Holding improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Telefónica Deutschland Holding's financial position?


Financial Position Analysis

Telefónica Deutschland Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Telefónica Deutschland Holding's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Telefónica Deutschland Holding's level of debt (40%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (33.6% vs 40% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.9x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making Telefónica Deutschland Holding has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Telefónica Deutschland Holding has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.7% per year.


Next Steps

Dividend

What is Telefónica Deutschland Holding's current dividend yield, its reliability and sustainability?

10.11%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Telefónica Deutschland Holding's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

Telefónica Deutschland Holding's dividend is above the markets top 25% of dividend payers in United States of America (3.67%).

Telefónica Deutschland Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Telefónica Deutschland Holding has only been paying a dividend for 6 years, and since then dividends per share have fallen.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (0.2x coverage).


Next Steps

Management

What is the CEO of Telefónica Deutschland Holding's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

Markus Haas (47yo)

2.7yrs

Tenure

€2,264,903

Compensation

Mr. Markus Haas serves as Managing Director of O2 Telefonica Deutschland Finanzierungs GmbH. Mr. Haas has been the Chief Executive Officer of Telefónica Deutschland Holding AG since January 1, 2017 and is  ...


CEO Compensation Analysis

Markus's remuneration is lower than average for companies of similar size in United States of America.

Markus's compensation has increased whilst company is loss making.


Management Age and Tenure

2.1yrs

Average Tenure

48.5yo

Average Age

The tenure for the Telefónica Deutschland Holding management team is about average.


Board Age and Tenure

6.3yrs

Average Tenure

53yo

Average Age

The tenure for the Telefónica Deutschland Holding board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Markus Haas (47yo)

    Chairman of Management Board & CEO

    • Tenure: 2.7yrs
    • Compensation: €2.26m
  • Cayetano Martín (48yo)

    CTO & Member of the Management Board

    • Tenure: 2.1yrs
    • Compensation: €957.52k
  • Alfons Lösing (55yo)

    Chief Partner & Business Officer and Member of Management Board

    • Tenure: 2.1yrs
    • Compensation: €1.02m
  • Valentina Daiber (52yo)

    Chief Officer for Legal & Corporate Affairs and Member of Management Board

    • Tenure: 2.1yrs
    • Compensation: €701.77k
  • Guido Heitmann

    Head of Corporate Communications

    • Tenure: 0yrs
    • Compensation: €317.51k
  • Veronika Bunk-Sanderson

    Director of Investor Relations

    • Tenure: 2.2yrs
  • Markus Rolle (41yo)

    CFO & Member of Management Board

    • Tenure: 2.1yrs
    • Compensation: €917.00k
  • Wolfgang Metze (46yo)

    Chief Consumer Officer & Member of Management Board

    • Tenure: 2.1yrs
    • Compensation: €916.19k
  • Guido Eidmann (51yo)

    Chief Information Officer & Member of Management Board

    • Tenure: 2.1yrs
    • Compensation: €736.96k
  • Nicole Gerhardt (49yo)

    Chief HR Officer

    • Tenure: 2.1yrs
    • Compensation: €664.36k

Board Members

  • Laura Abasolo de Baquedano (47yo)

    Chairperson of Supervisory Board

    • Tenure: 1.3yrs
  • Michael Hoffmann (58yo)

    Member of Supervisory Board

    • Tenure: 6.9yrs
  • Patricia Cobian Gonzalez (44yo)

    Member of Supervisory Board

    • Tenure: 7yrs
  • Thomas Pfeil (53yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 6.3yrs
  • Jan-Erik Walter (58yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 6.3yrs
  • Christoph Heil (54yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 6.3yrs
  • Claudia Weber (53yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 6.3yrs
  • Sally Ashford (49yo)

    Member of Supervisory Board

    • Tenure: 5yrs
  • Christoph Braun (54yo)

    Deputy Chairperson of Supervisory Board

    • Tenure: 3.2yrs
  • Nicole Gerhardt (49yo)

    Chief HR Officer

    • Tenure: 2.1yrs
    • Compensation: €664.36k

Company Information

Telefónica Deutschland Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Telefónica Deutschland Holding AG
  • Ticker: TELD.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: €7.475b
  • Listing Market Cap: €8.278b
  • Shares outstanding: 2.97b
  • Website: https://www.telefonica.de

Number of Employees


Location

  • Telefónica Deutschland Holding AG
  • Georg–Brauchle–Ring 23–25
  • Munich
  • Bavaria
  • 80992
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
O2DDB (Deutsche Boerse AG)YesOrdinary Registered SharesDEEUROct 2012
O2DXTRA (XETRA Trading Platform)YesOrdinary Registered SharesDEEUROct 2012
0QALLSE (London Stock Exchange)YesOrdinary Registered SharesGBEUROct 2012
O2DDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Registered SharesGBEUROct 2012
TELD.FOTCPK (Pink Sheets LLC)YesOrdinary Registered SharesUSUSDOct 2012
O2DSWX (SIX Swiss Exchange)YesOrdinary Registered SharesCHCHFOct 2012
O2DWBAG (Wiener Boerse AG)YesOrdinary Registered SharesATEUROct 2012

Biography

Telefónica Deutschland Holding AG provides telecommunication and connectivity solutions to private and business customers in Germany. The company offers voice, data, and value added services in mobile and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/16 00:21
End of Day Share Price2019/09/09 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.