OTCPK:TELN.F

Stock Analysis Report

Executive Summary

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide.

Snowflake

Fundamentals

Second-rate dividend payer with limited growth.


Similar Companies

Share Price & News

How has Telenor's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

OTCPK:TELN.F

1.5%

US Telecom

1.1%

US Market


1 Year Return

-1.6%

OTCPK:TELN.F

6.9%

US Telecom

2.1%

US Market

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

TELN.F underperformed the Market in United States of America which returned 2% over the past year.


Share holder returns

TELN.FIndustryMarket
7 Day1.6%1.5%1.1%
30 Day-1.2%5.9%3.7%
90 Day-6.9%9.0%2.3%
1 Year-1.6%-1.6%12.6%6.9%4.4%2.1%
3 Year19.6%19.6%17.5%0.4%47.0%37.4%
5 Year-11.4%-11.4%33.7%3.1%61.6%43.8%

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

No news available

Valuation

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

26.93x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Telenor's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Telenor's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Telenor is overvalued based on earnings compared to the US Telecom industry average.

Telenor is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Telenor is poor value based on expected growth next year.


Price Based on Value of Assets

Telenor is overvalued based on assets compared to the US Telecom industry average.


Next Steps

Future Growth

How is Telenor expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

5.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Telenor's revenue is expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).

Telenor's earnings are expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).

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

Telenor's earnings growth is positive but not above the United States of America market average.

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


Earnings per Share Growth Estimates


Future Return on Equity

Telenor is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).


Next Steps

Past Performance

How has Telenor performed over the past 5 years?

9.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Telenor's year on year earnings growth rate has been positive over the past 5 years.

Telenor's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Telenor's 1-year earnings growth is negative, it can't be compared to the US Telecom industry average.


Return on Equity

Whilst Telenor has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.


Return on Assets

Telenor used its assets more efficiently than the US Telecom industry average last year based on Return on Assets.


Return on Capital Employed

Telenor's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Telenor's financial position?


Financial Position Analysis

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

Telenor's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Telenor's level of debt (198.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (89.5% vs 198.5% today).

Debt is well covered by operating cash flow (39.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 12.4x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.8x debt.


Next Steps

Dividend

What is Telenor's current dividend yield, its reliability and sustainability?

5.07%

Expected Dividend Yield


Dividend Yield and Payments Analysis

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

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

Whilst dividend payments have been stable, Telenor has been paying a dividend for less than 10 years.

Dividend payments have increased, but Telenor only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.2x coverage).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Sigve Brekke (60yo)

4.1yrs

Tenure

kr15,618,000

Compensation

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

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

Sigve's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

2.6yrs

Average Tenure

53.5yo

Average Age

The tenure for the Telenor management team is about average.


Board Age and Tenure

2.3yrs

Average Tenure

63yo

Average Age

The average tenure for the Telenor board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buykr104,71013 May 19
Sigve Brekke
EntityIndividual
Role
Chief Executive Officer
President & CEO
Shares5,298
Max Pricekr19.76
Buykr23,71713 May 19
Knut Giske
EntityIndividual
Shares1,200
Max Pricekr19.76
Buykr24,88313 May 19
Lars Thomsen
EntityIndividual
Shares1,259
Max Pricekr19.76
Buykr108,80113 May 19
Albern Murty
EntityIndividual
Role
Senior Key Executive
Executive VP of Developed Asia Cluster & CEO of Digi - Malaysia
Shares5,505
Max Pricekr19.76
Buykr50,12213 May 19
Anne Kvam
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Corporate Affairs Officer
Shares2,536
Max Pricekr19.76
Buykr49,56813 May 19
Cecilie Heuch
EntityIndividual
Role
Head of Human Resources
Executive VP & Chief People Officer
Shares2,508
Max Pricekr19.76
Buykr38,97513 May 19
Ruza Sabanovic
EntityIndividual
Role
Chief Technology Officer
Executive VP and Head of Technologies & Services
Shares1,972
Max Pricekr19.76
Buykr18,00513 May 19
Rita Skjervik
EntityIndividual
Shares911
Max Pricekr19.76
Buykr25,19913 May 19
Siri Birgitte Berge
EntityIndividual
Shares1,275
Max Pricekr19.76
Buykr59,09513 May 19
Jørgen Arentz Rostrup
EntityIndividual
Role
Chief Financial Officer
Executive VP & CFO
Shares2,990
Max Pricekr19.76

Ownership Breakdown


Management Team

  • Morten Sørby (60yo)

    Executive VP & Acting Cluster Head of Scandinavia

    • Tenure: 16.7yrs
    • Compensation: kr10.33m
  • Sigve Brekke (60yo)

    President & CEO

    • Tenure: 4.1yrs
    • Compensation: kr15.62m
  • Petter-Børre Furberg (52yo)

    Chief Executive Officer of Norway

    • Tenure: 1yrs
    • Compensation: kr8.12m
  • Albern Murty (46yo)

    Executive VP of Developed Asia Cluster & CEO of Digi - Malaysia

    • Tenure: 1.1yrs
    • Compensation: kr3.44m
  • Anne Kvam (52yo)

    Executive VP & Chief Corporate Affairs Officer

    • Tenure: 0.9yrs
    • Compensation: kr3.56m
  • Cecilie Heuch (54yo)

    Executive VP & Chief People Officer

    • Tenure: 1.8yrs
    • Compensation: kr4.88m
  • Ruza Sabanovic (48yo)

    Executive VP and Head of Technologies & Services

    • Tenure: 2.4yrs
    • Compensation: kr7.09m
  • Wenche Agerup (55yo)

    Head of Group Holdings Unit

    • Tenure: 3.8yrs
    • Compensation: kr4.12m
  • Alexandra Reich (56yo)

    CEO of Dtac

    • Tenure: 2.8yrs
    • Compensation: kr3.94m
  • Jørgen Arentz Rostrup (53yo)

    Executive VP & CFO

    • Tenure: 2.8yrs
    • Compensation: kr6.39m

Board Members

  • Sally Davis (66yo)

    Board Member

    • Tenure: 7.8yrs
    • Compensation: kr528.00k
  • Jon Erik Reinhardsen (63yo)

    Board Member

    • Tenure: 5.3yrs
    • Compensation: kr597.00k
  • Jørgen Kildahl (56yo)

    Vice Chair of the Board

    • Tenure: 2.3yrs
    • Compensation: kr633.00k
  • Gunn Waersted (64yo)

    Chair of the Board

    • Tenure: 3.7yrs
    • Compensation: kr805.00k
  • Lars Tronsgaard (65yo)

    Vice Chairman of Corporate Assembly

    • Tenure: 1.7yrs
  • Grethe Viksaas (61yo)

    Board Member

    • Tenure: 2.3yrs
    • Compensation: kr530.00k
  • Jacob Aqraou (47yo)

    Board Member

    • Tenure: 3.3yrs
    • Compensation: kr555.00k
  • Jan Eriksen

    Employee Representative Director

    • Tenure: 0.3yrs
  • Esben Smistad

    Employee Representative Director

    • Tenure: 0.3yrs
  • Bjørn Næss

    Chairman of Corporate Assembly

    • Tenure: 0.3yrs

Company Information

Telenor ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Telenor ASA
  • Ticker: TELN.F
  • Exchange: OTCPK
  • Founded: 1855
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: kr260.192b
  • Listing Market Cap: kr29.017b
  • Shares outstanding: 1.43b
  • Website: https://www.telenor.com

Number of Employees


Location

  • Telenor ASA
  • Snarøyveien 30
  • Fornebu
  • Akershus
  • 1360
  • Norway

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TELN.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDDec 2000
TELOB (Oslo Bors)YesOrdinary SharesNONOKDec 2000
TEQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2000
0G8CLSE (London Stock Exchange)YesOrdinary SharesGBNOKDec 2000
TELN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2000
TELOBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBNOKDec 2000
TELSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFDec 2000

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 00:12
End of Day Share Price2019/09/11 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.