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Vodacom Group

DB:5VD
Snowflake Description

6 star dividend payer with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5VD
DB
ZAR219B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Vodacom Group Limited, a unified communications provider, provides mobile voice, messaging, data, financial, and converged services to the consumer, business, and enterprise customers in South Africa and internationally. The last earnings update was 7 days ago. More info.


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5VD Share Price and Events
7 Day Returns
-1.2%
DB:5VD
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
3.8%
DB:5VD
1.1%
Europe Wireless Telecom
9.9%
DE Market
5VD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vodacom Group (5VD) -1.2% 5.3% 21.1% 3.8% -14.5% -14.4%
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • 5VD outperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • 5VD underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
5VD
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Vodacom Group's competitors could be found in our database.

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vodacom Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vodacom Group.

DB:5VD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in ZAR ZAR 8.7772585714286
Payout Ratio Company Filings (2019-09-30) 8835.9%
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:5VD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 28%) (22.63%))
0.475
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:5VD using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Vodacom Group is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:5VD Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ZAR8.78 / (5% - 0.23%)
ZAR0.7
DB:5VD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:5VD represents 0.06164x of JSE:VOD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.06164x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 184.09 x 0.06164
€11.35
Value per share (EUR) From above. €11.35
Current discount Discount to share price of €7.95
= -1 x (€7.95 - €11.35) / €11.35
29.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Vodacom Group is available for.
Intrinsic value
30%
Share price is €7.95 vs Future cash flow value of €11.35
Current Discount Checks
For Vodacom Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vodacom Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Vodacom Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vodacom Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vodacom Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:5VD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in ZAR ZAR9.47
JSE:VOD Share Price ** JSE (2019-11-18) in ZAR ZAR128.98
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vodacom Group.

DB:5VD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:VOD Share Price ÷ EPS (both in ZAR)

= 128.98 ÷ 9.47

13.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vodacom Group is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • Vodacom Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Vodacom Group's expected growth come at a high price?
Raw Data
DB:5VD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
9.5%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:5VD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.62x ÷ 9.5%

1.44x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vodacom Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Vodacom Group's assets?
Raw Data
DB:5VD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in ZAR ZAR47.00
JSE:VOD Share Price * JSE (2019-11-18) in ZAR ZAR128.98
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:5VD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:VOD Share Price ÷ Book Value per Share (both in ZAR)

= 128.98 ÷ 47.00

2.74x

* Primary Listing of Vodacom Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vodacom Group is overvalued based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess Vodacom Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Vodacom Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Vodacom Group expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vodacom Group expected to grow at an attractive rate?
  • Vodacom Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Vodacom Group's earnings growth is positive but not above the Germany market average.
  • Vodacom Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:5VD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:5VD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 9.5%
DB:5VD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 4.4%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:5VD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:5VD Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 100,871 1
2022-03-31 99,835 37,614 19,799 9
2021-03-31 95,589 35,934 18,172 9
2020-03-31 90,984 33,074 16,250 6
2019-11-18
DB:5VD Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-09-30 88,309 30,658 16,092
2019-06-30 87,468 29,349 15,457
2019-03-31 86,627 28,040 14,822
2018-12-31 86,855 27,817 14,940
2018-09-30 87,082 27,594 15,058
2018-06-30 86,726 26,850 15,201
2018-03-31 86,370 26,105 15,344
2017-12-31 84,746 25,034 14,585
2017-09-30 83,122 23,963 13,826
2017-06-30 82,200 24,852 13,622
2017-03-31 81,278 25,740 13,418
2016-12-31 81,477 26,146 13,157

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vodacom Group's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
  • Vodacom Group's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:5VD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Vodacom Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5VD Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31 11.05 12.30 8.79 5.00
2021-03-31 10.12 11.00 8.19 5.00
2020-03-31 8.90 9.74 7.49 3.00
2019-11-18
DB:5VD Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-09-30 9.47
2019-06-30 9.10
2019-03-31 8.72
2018-12-31 8.79
2018-09-30 8.86
2018-06-30 9.16
2018-03-31 9.47
2017-12-31 9.34
2017-09-30 9.19
2017-06-30 9.17
2017-03-31 9.15
2016-12-31 8.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Vodacom Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Vodacom Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vodacom Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Vodacom Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vodacom Group's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vodacom Group's year on year earnings growth rate has been positive over the past 5 years.
  • Vodacom Group's 1-year earnings growth exceeds its 5-year average (6.9% vs 4.8%)
  • Vodacom Group's earnings growth has not exceeded the Europe Wireless Telecom industry average in the past year (6.9% vs 21%).
Earnings and Revenue History
Vodacom Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vodacom Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5VD Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 88,309.00 16,092.00 1,897.00
2019-06-30 87,468.00 15,457.00 1,908.50
2019-03-31 86,627.00 14,822.00 1,920.00
2018-12-31 86,854.50 14,940.00 1,909.50
2018-09-30 87,082.00 15,058.00 1,899.00
2018-06-30 86,726.00 15,201.00 1,971.00
2018-03-31 86,370.00 15,344.00 2,043.00
2017-12-31 84,746.00 14,585.00 2,080.50
2017-09-30 83,122.00 13,826.00 2,118.00
2017-06-30 82,200.00 13,622.00 2,082.00
2017-03-31 81,278.00 13,418.00 2,046.00
2016-12-31 81,477.00 13,156.50 2,060.50
2016-09-30 81,676.00 12,895.00 2,075.00
2016-06-30 80,876.50 12,906.00 2,058.00
2016-03-31 80,077.00 12,917.00 2,041.00
2015-12-31 77,791.50 12,931.50 1,952.00
2015-09-30 75,506.00 12,946.00 1,863.00
2015-06-30 75,003.00 12,809.00 1,912.00
2015-03-31 74,500.00 12,672.00 1,961.00
2014-12-31 75,534.50 12,809.00 2,160.00
2014-09-30 76,569.00 12,946.00 2,359.00
2014-06-30 76,140.00 13,094.50 2,343.00
2014-03-31 75,711.00 13,243.00 2,327.00
2013-12-31 73,945.00 13,362.50 2,196.50
2013-09-30 72,179.00 13,482.00 2,066.00
2013-06-30 71,048.00 13,236.50 2,013.00
2013-03-31 69,917.00 12,991.00 1,960.00
2012-12-31 69,762.50 12,370.00 1,815.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Vodacom Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vodacom Group used its assets more efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • Vodacom Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vodacom Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vodacom Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Vodacom Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vodacom Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vodacom Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vodacom Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vodacom Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vodacom Group Company Filings, last reported 1 month ago.

DB:5VD Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 87,510.00 38,133.00 15,181.00
2019-06-30 87,510.00 38,133.00 15,181.00
2019-03-31 86,388.00 32,597.00 12,740.00
2018-12-31 86,388.00 32,597.00 12,740.00
2018-09-30 82,550.00 36,656.00 14,605.00
2018-06-30 82,550.00 36,656.00 14,605.00
2018-03-31 70,652.00 30,629.00 13,503.00
2017-12-31 70,652.00 30,629.00 13,503.00
2017-09-30 75,468.00 31,884.00 11,221.00
2017-06-30 75,468.00 31,884.00 11,221.00
2017-03-31 22,996.00 29,780.00 9,117.00
2016-12-31 22,996.00 29,780.00 9,117.00
2016-09-30 21,945.00 32,878.00 11,422.00
2016-06-30 21,945.00 32,878.00 11,422.00
2016-03-31 23,024.00 27,598.00 8,121.00
2015-12-31 23,024.00 27,598.00 8,121.00
2015-09-30 22,439.00 28,442.00 9,398.00
2015-06-30 22,439.00 28,442.00 9,398.00
2015-03-31 21,643.00 24,644.00 9,323.00
2014-12-31 21,643.00 24,644.00 9,323.00
2014-09-30 21,306.00 18,856.00 4,596.00
2014-06-30 21,306.00 18,856.00 4,596.00
2014-03-31 23,743.00 12,856.00 6,351.00
2013-12-31 23,743.00 12,856.00 6,351.00
2013-09-30 22,036.00 15,293.00 4,861.00
2013-06-30 22,036.00 15,293.00 4,861.00
2013-03-31 21,216.00 13,612.00 6,621.00
2012-12-31 21,216.00 13,612.00 6,621.00
  • Vodacom Group's level of debt (43.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (82.6% vs 43.6% today).
  • Debt is well covered by operating cash flow (80.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.7x coverage).
X
Financial health checks
We assess Vodacom Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vodacom Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.16%
Current annual income from Vodacom Group dividends. Estimated to be 6.81% next year.
If you bought €2,000 of Vodacom Group shares you are expected to receive €123 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Vodacom Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Vodacom Group's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Upcoming dividend payment

Purchase Vodacom Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:5VD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:5VD Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 7.79 1.00
2022-03-31 9.30 10.00
2021-03-31 8.66 10.00
2020-03-31 8.34 7.00
2019-11-18
DB:5VD Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-06-18 7.950 6.575
2019-05-13 7.950 6.650
2018-06-15 8.150 6.637
2018-05-14 8.150 5.550
2017-06-14 8.300 5.246
2016-11-14 7.950 5.252
2016-06-17 7.950 5.083
2016-05-16 7.950 4.798
2015-05-18 7.750 5.321
2014-11-10 8.050 6.015
2014-05-19 8.250 6.419
2013-11-11 8.250 6.580
2013-06-14 7.850 6.823
2013-05-20 7.850 6.964
2012-11-12 8.050 6.931
2012-06-01 7.100 7.040
2012-05-21 7.100 6.929
2011-06-03 4.600 4.966
2011-05-16 4.600 5.575
2010-05-28 2.850 4.150
2010-05-17 2.850 4.740
2009-11-10 2.200 3.986

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Vodacom Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Vodacom Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vodacom Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vodacom Group has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mohamed Shameel Joosub
COMPENSATION ZAR50,272,495
AGE 48
TENURE AS CEO 7.2 years
CEO Bio

Mr. Mohamed Shameel Aziz Joosub has been the Chief Executive Officer of Vodacom Group Limited since September 1, 2012. Mr. Joosub served as Managing Director of Vodacom (Pty) Limited from April 01, 2005 to March 31, 2011. Mr. Joosub served as the Chief Executive Officer at Vodafone España, S.A. (Vodafone Spain) since April 1, 2011. He served as the Managing Director of Vodacom Service Provider Company (Proprietary) Limited since September 2000 until February 2005. He was the Founder and Managing Director of Vodacom Equipment Company (Proprietary) Limited since 1998, the handset distribution company in the Vodacom Group. Mr. Joosub served as Managing Director of Vodacom South Africa at Telkom SA Ltd. from March 2005 to March 2011. He has International operational experience, Sound financial expertise, Strategy business leadership and Strong ICT experience and is Commercial strategist. He joined Vodacom in March 1994 and held various positions within the Group. He has been an Executive Director of Vodacom Group Limited since September 1, 2012 and previously served as its Executive Director from September 2000 to March 31, 2011. He has been Non Executive Director at Safaricom Limited since August 31, 2017. He was also appointed as non executive director of Vodacom Tanzania in August 2017. He served as Non-Executive Director of YeboYethu Limited. He is an Associated General Accountant and Commercial and Financial Accountant (South Africa). Mr. Joosub holds a Bachelor of Accounting Science (Honours) from the University of South Africa and holds a Masters of Business Administration degree from the University of Southern Queensland, Australia.

CEO Compensation
  • Mohamed Shameel's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Mohamed Shameel's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Vodacom Group management team in years:

6.3
Average Tenure
47.5
Average Age
  • The average tenure for the Vodacom Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mohamed Shameel Joosub

TITLE
CEO & Executive Director
COMPENSATION
ZAR50M
AGE
48
TENURE
7.2 yrs

Phil Streichert

TITLE
CFO & Executive Director
COMPENSATION
ZAR916K
AGE
45
TENURE
4.3 yrs

Andries Daniel Delport

TITLE
Chief Technology Officer
COMPENSATION
ZAR9M
AGE
54
TENURE
9 yrs

Snakes Nyoka

TITLE
Chief Officer of Legal & Regulatory
COMPENSATION
ZAR8M
AGE
56
TENURE
12.1 yrs

Matimba Mbungela

TITLE
Chief Human Resources Officer
COMPENSATION
ZAR6M
AGE
47
TENURE
5.5 yrs

T. Ralebitso

TITLE
Managing Director of Vodacom Ventures

Johan van Graan

TITLE
Chief Risk Officer

Muriel Loriloux

TITLE
Managing Director of Vodacom Congo

Jerry Mobbs

TITLE
Managing Director of Vodacom Mozambique

Joaquim Jorge Mendes

TITLE
Chief Officer of Consumer Business Unit
AGE
45
TENURE
3.4 yrs
Board of Directors Tenure

Average tenure and age of the Vodacom Group board of directors in years:

3.6
Average Tenure
52.5
Average Age
  • The tenure for the Vodacom Group board of directors is about average.
Board of Directors

Jabu Moleketi

TITLE
Independent Non Executive Chairman
COMPENSATION
ZAR2M
AGE
62
TENURE
2.3 yrs

Mohamed Shameel Joosub

TITLE
CEO & Executive Director
COMPENSATION
ZAR50M
AGE
48
TENURE
7.2 yrs

Phil Streichert

TITLE
CFO & Executive Director
COMPENSATION
ZAR916K
AGE
45
TENURE
4.3 yrs

David Brown

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR940K
AGE
57
TENURE
7.8 yrs

Saki Macozoma

TITLE
Lead Independent Non-Executive Director
COMPENSATION
ZAR614K
AGE
62
TENURE
2.3 yrs

Phuti Mahanyele-Dabengwa

TITLE
Independent Non-Executive Director
AGE
48
TENURE
0.8 yrs

John William Otty

TITLE
Non-Executive Director
COMPENSATION
ZAR455K
AGE
55
TENURE
7.2 yrs

Bafelelang Mabelane

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR636K
AGE
46
TENURE
4.9 yrs

Vivek Badrinath

TITLE
Non Executive Director
COMPENSATION
ZAR713K
AGE
50
TENURE
2.9 yrs

Sunil Sood

TITLE
Non-Executive Director
AGE
58
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Vodacom Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vodacom Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Vodacom Group Limited, a unified communications provider, provides mobile voice, messaging, data, financial, and converged services to the consumer, business, and enterprise customers in South Africa and internationally. The company offers contract or prepaid voice, messaging, and data services, as well as handsets. It also provides connectivity, and Internet and virtual private network services to its customers over various wireless, fixed-line, satellite, mobile, and converged technologies; and hosted cloud services, as well as enterprise mobility, unified communication, machine to machine communications, broadband, mHealth, and mEducation services. In addition, the company operates customer service operation centers; and offers carrier service products, including wholesale APN data, microwave, managed satellite, WiFi, international private leased circuit, Internet protocol (IP) transit, fiber, and IP-virtual private network. The company was founded in 1993 and is headquartered in Midrand, South Africa. Vodacom Group Limited is a subsidiary of Vodafone Investments SA (Pty) Limited.

Details
Name: Vodacom Group Limited
5VD
Exchange: DB
Founded: 1993
ZAR13,385,329,748
1,699,368,810
Website: http://www.vodacom.com
Address: Vodacom Group Limited
Vodacom Corporate Park,
082 Vodacom Boulevard,
Midrand,
Gauteng, 1685,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE VOD Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 18. May 2009
OTCPK VODA.F Ordinary Shares Pink Sheets LLC US USD 18. May 2009
DB 5VD Ordinary Shares Deutsche Boerse AG DE EUR 18. May 2009
OTCPK VDMC.Y SPONSORED ADR Pink Sheets LLC US USD 24. Dec 2009
Number of employees
Current staff
Staff numbers
7,521
Vodacom Group employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:34
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/18
Last earnings filing: 2019/11/11
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.