OTCPK:TLTZ.F

Stock Analysis Report

Executive Summary

Tele2 AB (publ), a telecom operator, provides telecommunication services for residential and business customers.

Snowflake

Fundamentals

Imperfect balance sheet and overvalued.


Similar Companies

Share Price & News

How has Tele2's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.6%

OTCPK:TLTZ.F

0.2%

US Wireless Telecom

1.3%

US Market


1 Year Return

n/a

OTCPK:TLTZ.F

7.6%

US Wireless Telecom

2.0%

US Market

No trading data on TLTZ.F.

No trading data on TLTZ.F.


Share holder returns

TLTZ.FIndustryMarket
7 Day-0.6%0.2%1.3%
30 Dayn/a2.0%3.9%
90 Dayn/a-0.7%3.4%
1 Yearn/a8.8%7.6%4.2%2.0%
3 Year65.3%65.3%35.8%30.6%47.2%37.6%
5 Year11.8%11.8%37.2%23.7%60.5%42.9%

Price Volatility Vs. Market

How volatile is Tele2's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Tele2 undervalued based on future cash flows and its price relative to the stock market?

33%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Tele2's share price is below the future cash flow value, and at a moderate discount (> 20%).

Tele2's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Tele2 is overvalued based on earnings compared to the US Wireless Telecom industry average.

Tele2 is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Tele2 is poor value based on expected growth next year.


Price Based on Value of Assets

Tele2 is overvalued based on assets compared to the US Wireless Telecom industry average.


Next Steps

Future Growth

How is Tele2 expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Tele2's revenue is expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).

Tele2's earnings are expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).

Tele2's revenue growth is positive but not above the United States of America market average.

Tele2's earnings growth is positive but not above the United States of America market average.

Tele2's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Tele2 is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Tele2 performed over the past 5 years?

1.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Tele2's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Tele2's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Tele2's 1-year earnings growth is negative, it can't be compared to the US Wireless Telecom industry average.


Return on Equity

Tele2 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Tele2 used its assets less efficiently than the US Wireless Telecom industry average last year based on Return on Assets.


Return on Capital Employed

Tele2's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Tele2's financial position?


Financial Position Analysis

Tele2's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Tele2's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Tele2's level of debt (67.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (46% vs 67.9% today).

Debt is well covered by operating cash flow (30.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 11.7x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

What is Tele2's current dividend yield, its reliability and sustainability?

4.80%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Tele2's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).

Tele2's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (1x coverage).


Next Steps

Management

What is the CEO of Tele2's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Anders Nilsson (52yo)

0.8yrs

Tenure

kr2,700,000

Compensation

Mr. Anders Nilsson has been the President and Chief Executive Officer of Tele2 AB (publ) since November 05, 2018. He has been Chief Executive Officer of NorCell Sweden Holding 2 AB (publ), Com Hem Holding  ...


CEO Compensation Analysis

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

Insufficient data for Anders to compare compensation growth.


Management Age and Tenure

0.8yrs

Average Tenure

51.5yo

Average Age

The average tenure for the Tele2 management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.0yrs

Average Tenure

54yo

Average Age

The average tenure for the Tele2 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

Buykr16,68113 Jun 19
Joel Westin
EntityIndividual
Shares1,200
Max Pricekr13.90
Buykr59,74907 Jun 19
Joss Delissen
EntityIndividual
Shares4,397
Max Pricekr13.59
Sellkr139,54107 Jun 19
Guillaume Van Gaver
EntityIndividual
Shares10,000
Max Pricekr13.95
Sellkr13,76905 Jun 19
Kim Hagberg
EntityIndividual
Role
Chief Operating Officer
Executive VP & Chief Operations
Shares1,000
Max Pricekr13.77
Sellkr136,28624 May 19
Guillaume Van Gaver
EntityIndividual
Shares10,000
Max Pricekr13.63
Buykr59,91222 May 19
Karin Svensson
EntityIndividual
Role
Head of Human Resources
Executive VP and Chief of People & Change
Shares4,500
Max Pricekr13.31
Buykr32,97017 May 19
Viktor Wallström
EntityIndividual
Shares2,500
Max Pricekr13.19
Buykr65,08315 May 19
Anders Björkman
EntityIndividual
Role
Member of the Board of Directors
Board Member
Shares5,000
Max Pricekr13.02
Buykr19,18608 May 19
Samuel Skott
EntityIndividual
Shares1,500
Max Pricekr12.79
Sellkr153,18403 May 19
Guillaume Van Gaver
EntityIndividual
Shares11,162
Max Pricekr13.72
Sellkr109,63802 May 19
Thomas Björklund
EntityIndividual
Shares7,989
Max Pricekr13.72
Sellkr642,11702 May 19
Samuel Skott
EntityIndividual
Shares46,789
Max Pricekr13.72
Sellkr109,63830 Apr 19
Stefan Backman
EntityIndividual
Role
Chief Legal Officer
Executive VP & Group General Counsel
Shares7,989
Max Pricekr13.72
Sellkr109,63830 Apr 19
Viktor Wallström
EntityIndividual
Shares7,989
Max Pricekr13.72
Buykr94,10426 Apr 19
Guillaume Van Gaver
EntityIndividual
Shares7,000
Max Pricekr13.44
Buykr32,20224 Apr 19
Stefan Backman
EntityIndividual
Role
Chief Legal Officer
Executive VP & Group General Counsel
Shares2,457
Max Pricekr13.11

Ownership Breakdown


Management Team

  • Mikael Larsson (51yo)

    Executive VP & Group CFO

    • Tenure: 0.8yrs
  • Jan Berntsson

    Head of Audit

    • Tenure: 13.3yrs
  • Anders Nilsson (52yo)

    President & CEO

    • Tenure: 0.8yrs
    • Compensation: kr2.70m
  • Karin Svensson (54yo)

    Executive VP and Chief of People & Change

    • Tenure: 0.8yrs
  • Stefan Backman (44yo)

    Executive VP & Group General Counsel

    • Tenure: 0.8yrs
  • Vadim Goncharov

    Chief Technical Officer of South Macro Region

    • Tenure: 5.3yrs
  • Joel Ibson

    Head of Corporate Communications

    • Tenure: 0yrs
  • Thomas Helbo (47yo)

    Executive Vice President of Technology

    • Tenure: 0.7yrs
  • Kim Hagberg (53yo)

    Executive VP & Chief Operations

    • Tenure: 0.8yrs
  • Marcus Lindberg

    Head of Investor Relations

    • Tenure: 0.7yrs

Board Members

  • Anders Björkman (60yo)

    Board Member

    • Tenure: 2.3yrs
    • Compensation: kr620.00k
  • Eva Lindqvist (61yo)

    Board Member

    • Tenure: 0.8yrs
    • Compensation: kr342.50k
  • Andrew Barron (54yo)

    Deputy Chairman

    • Tenure: 0.3yrs
    • Compensation: kr310.00k
  • Cynthia Gordon (57yo)

    Board Member

    • Tenure: 3.3yrs
    • Compensation: kr630.00k
  • Lars-Åke Norling (51yo)

    Board Member

    • Tenure: 1yrs
  • Carla Smits-Nusteling (53yo)

    Chairman

    • Tenure: 0.3yrs
    • Compensation: kr795.00k
  • Georgi Ganev (43yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: kr1.78m

Company Information

Tele2 AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Tele2 AB (publ)
  • Ticker: TLTZ.F
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Market Cap: kr92.830b
  • Listing Market Cap: kr9.665b
  • Shares outstanding: 687.71m
  • Website: https://www.tele2.com

Number of Employees


Location

  • Tele2 AB (publ)
  • Skeppsbron 18
  • PO Box 2094
  • Stockholm
  • Stockholm County
  • 103 13
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TLTZ.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDMay 1996
TEL2 AOM (OMX Nordic Exchange Stockholm)Class A SharesSESEKMay 1996
TEL2 BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKMay 1996
NCYDDB (Deutsche Boerse AG)YesClass B SharesDEEURMay 1996
0QE6LSE (London Stock Exchange)YesClass B SharesGBSEKMay 1996
TEL2BSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKMay 1996
TLTZ.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Tele2 AB (publ), a telecom operator, provides telecommunication services for residential and business customers. The company offers mobile voice telephony, handset data, messaging, and value-added services ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 23:46
End of Day Share Price2019/09/12 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.