Telenor
Market Cap
US$28.0b
Last Updated
2019/10/18 23:43 UTC
Data Sources
Company Financials +
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
-1.3%
TELN.Y
1.0%
US Telecom
1.8%
US Market
1 Year Return
6.4%
TELN.Y
10.4%
US Telecom
7.3%
US Market
Return vs Industry: TELN.Y underperformed the US Telecom industry which returned 10.4% over the past year.
Return vs Market: TELN.Y matched the US Market which returned 7.3% over the past year.
Shareholder returns
| TELN.Y | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.3% | 1.0% | 1.8% |
| 30 Day | -5.6% | 0.9% | -0.7% |
| 90 Day | -4.1% | 10.1% | 0.06% |
| 1 Year | 8.5%6.4% | 16.2%10.4% | 9.7%7.3% |
| 3 Year | 36.0%17.9% | 22.5%4.7% | 46.3%36.9% |
| 5 Year | 11.4%-9.0% | 41.9%9.5% | 64.5%46.5% |
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 compared to its fair value and its price relative to the market?
26.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: TELN.Y ($19.71) is trading above our estimate of fair value ($18.86)
Significantly Undervalued: TELN.Y is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TELN.Y is poor value based on its PE Ratio (26.7x) compared to the Telecom industry average (18.8x).
PE vs Market: TELN.Y is poor value based on its PE Ratio (26.7x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
Low PEG Ratio: TELN.Y is poor value based on its PEG Ratio (5x)
Price to Book Ratio
PB vs Industry: TELN.Y is overvalued based on its PB Ratio (6.6x) compared to the US Telecom industry average (1.4x).
Next Steps
Future Growth
How is Telenor forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
5.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TELN.Y's forecast earnings growth (5.3% per year) is above the savings rate (2.7%).
Earnings vs Market: TELN.Y's earnings (5.3% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: TELN.Y's earnings are forecast to grow, but not significantly.
Revenue vs Market: TELN.Y's revenue (2.8% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: TELN.Y's revenue (2.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: TELN.Y's Return on Equity is forecast to be very high in 3 years time (52.3%).
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
Earnings Trend: TELN.Y's earnings have grown by 9.8% per year over the past 5 years.
Accelerating Growth: TELN.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TELN.Y had negative earnings growth (-29.9%) over the past year, making it difficult to compare to the Telecom industry average (-23%).
Return on Equity
High ROE: Whilst TELN.Y's Return on Equity (28.49%) is high, this metric is skewed due to their high level of debt.
Return on Assets
ROA vs Industry: TELN.Y has a higher Return on Assets than the Telecom industry average last year.
Return on Capital Employed
ROCE Improving: TELN.Y's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Telenor's financial position?
Financial Position Analysis
Short Term Liabilities: TELN.Y's short term assets (NOK66.1B) do not cover its short term liabilities (NOK81.0B)
Long Term Liabilities: TELN.Y's short term assets (66.1B) do not cover its long term liabilities (108.7B)
Debt to Equity History and Analysis
Debt Level: TELN.Y's debt to equity ratio (198.5%) is considered high
Reducing Debt: TELN.Y's debt to equity ratio has increased from 89.5% to 198.5% over the past 5 years.
Debt Coverage: TELN.Y's debt is well covered by operating cash flow (39.4%).
Interest Coverage: TELN.Y's interest payments on its debt are well covered by EBIT (12.4x coverage).
Balance Sheet
Inventory Level: TELN.Y has a high level of physical assets or inventory.
Debt Coverage by Assets: TELN.Y's 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?
4.66%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: TELN.Y's dividend (4.66%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: TELN.Y's dividend (4.66%) is in the top 25% of dividend payers in the US market (3.72%)
Stable Dividend: Whilst dividend payments have been stable, TELN.Y has been paying a dividend for less than 10 years.
Growing Dividend: TELN.Y's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (124.2%), TELN.Y's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TELN.Y's dividends in 3 years are forecast to be covered by earnings (79.6% payout ratio).
Next Steps
Management
What is the CEO of Telenor's salary, the management and board of directors tenure and is there insider trading?
2.7yrs
Average management tenure
CEO
Sigve Brekke (60yo)
4.2yrs
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
Compensation vs. Market: Sigve's total compensation ($USD1.70M) is below average for companies of similar size in the US market ($USD11.21M).
Compensation vs Earnings: Sigve's compensation has been consistent with company performance over the past year.
Management Age and Tenure
2.7yrs
Average Tenure
53.5yo
Average Age
Experienced Management: TELN.Y's management team is considered experienced (2.7 years average tenure).
Board Age and Tenure
2.4yrs
Average Tenure
63yo
Average Age
Experienced Board: TELN.Y's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Jørgen C. Rostrup (53yo)
Executive VP & CFO
- Tenure: 2.9yrs
- Compensation: kr6.39m
Morten Sørby (60yo)
Executive VP & Acting Cluster Head of Scandinavia
- Tenure: 16.8yrs
- Compensation: kr10.33m
Sigve Brekke (60yo)
President & CEO
- Tenure: 4.2yrs
- Compensation: kr15.62m
Petter-Børre Furberg (52yo)
Chief Executive Officer of Norway
- Tenure: 1.1yrs
- Compensation: kr8.12m
Albern Murty (46yo)
Executive VP of Developed Asia Cluster & CEO of Digi - Malaysia
- Tenure: 1.2yrs
- Compensation: kr3.44m
Anne Kvam (52yo)
Executive VP & Chief Corporate Affairs Officer
- Tenure: 1yrs
- 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: 2.5yrs
- Compensation: kr7.09m
Wenche Agerup (55yo)
Head of Group Holdings Unit
- Tenure: 3.9yrs
- Compensation: kr4.12m
Alexandra Reich (56yo)
CEO of Dtac
- Tenure: 2.9yrs
- Compensation: kr3.94m
Board Members
Sally Davis (66yo)
Board Member
- Tenure: 7.9yrs
- Compensation: kr528.00k
Jon Erik Reinhardsen (63yo)
Board Member
- Tenure: 5.4yrs
- 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: 3.8yrs
- Compensation: kr805.00k
Lars Tronsgaard (65yo)
Vice Chairman of Corporate Assembly
- Tenure: 1.8yrs
Grethe Viksaas (61yo)
Board Member
- Tenure: 2.4yrs
- Compensation: kr530.00k
Jacob Aqraou (47yo)
Board Member
- Tenure: 3.4yrs
- Compensation: kr555.00k
Jan Eriksen (65yo)
Employee Representative Director
- Tenure: 0.4yrs
Esben Smistad (34yo)
Employee Representative Director
- Tenure: 0.4yrs
Bjørn Næss
Chairman of Corporate Assembly
- Tenure: 0.4yrs
Company Information
Telenor ASA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Telenor ASA
- Ticker: TELN.Y
- Exchange: OTCPK
- Founded: 1855
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: kr257.210b
- Listing Market Cap: kr28.009b
- Shares outstanding: 1.43b
- Website: https://www.telenor.com
Number of Employees
Location
- Telenor ASA
- Snarøyveien 30
- Fornebu
- Akershus
- 1360
- Norway
Listings
| 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 |
| TELN.F | 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 |
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/18 23:43 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.