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Telefónica Deutschland Holding

DB:O2D
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
O2D
DB
€7B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Telefónica Deutschland Holding AG provides telecommunication and connectivity solutions to private and business customers in Germany. The last earnings update was 35 days ago. More info.


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O2D Share Price and Events
7 Day Returns
4.8%
DB:O2D
3.6%
DE Telecom
2.1%
DE Market
1 Year Returns
-19%
DB:O2D
-18.5%
DE Telecom
-16.6%
DE Market
O2D Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Telefónica Deutschland Holding (O2D) 4.8% 0.8% -10.9% -19% -48.4% -56.2%
DE Telecom 3.6% -14% -15% -18.5% -28.5% -34.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • O2D matched the Telecom industry (-18.5%) over the past year.
  • O2D underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
O2D
Industry
5yr Volatility vs Market

Value

 Is Telefónica Deutschland Holding 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 Telefónica Deutschland Holding 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 Telefónica Deutschland Holding.

DB:O2D Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 21 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:O2D
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.355 (1 + (1- 30%) (71.75%))
0.687
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)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:O2D using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Telefónica Deutschland Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:O2D DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 3.96%)
2020 910.76 Analyst x5 876.05
2021 882.94 Analyst x10 816.92
2022 812.40 Analyst x5 723.01
2023 981.67 Analyst x3 840.36
2024 1,138.00 Analyst x2 937.06
2025 1,214.72 Est @ 6.74% 962.12
2026 1,270.63 Est @ 4.6% 968.05
2027 1,310.08 Est @ 3.1% 960.07
2028 1,337.02 Est @ 2.06% 942.47
2029 1,354.70 Est @ 1.32% 918.54
Present value of next 10 years cash flows €8,944.00
DB:O2D DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €1,354.70 × (1 + -0.39%) ÷ (3.96% – -0.39%)
€31,006.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €31,006.83 ÷ (1 + 3.96%)10
€21,023.79
DB:O2D Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €8,944.00 + €21,023.79
€29,967.79
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €29,967.79 / 2,974.55
€10.07
DB:O2D Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:O2D represents 1.00643x of XTRA:O2D
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.00643x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 10.07 x 1.00643
€10.14
Value per share (EUR) From above. €10.14
Current discount Discount to share price of €2.35
= -1 x (€2.35 - €10.14) / €10.14
76.8%

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

Current Discount
Amount off the current price Telefónica Deutschland Holding is available for.
Intrinsic value
>50%
Share price is €2.35 vs Future cash flow value of €10.14
Current Discount Checks
For Telefónica Deutschland Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 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 Telefónica Deutschland Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Telefónica Deutschland Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:O2D PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €-0.07
XTRA:O2D Share Price ** XTRA (2020-04-06) in EUR €2.33
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 17.97x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Telefónica Deutschland Holding.

DB:O2D PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:O2D Share Price ÷ EPS (both in EUR)

= 2.33 ÷ -0.07

-32.75x

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

  • Telefónica Deutschland Holding is loss making, we can't compare its value to the Europe Telecom industry average.
  • Telefónica Deutschland Holding is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Telefónica Deutschland Holding's expected growth come at a high price?
Raw Data
DB:O2D PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -32.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
93.7%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.36x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

  • 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
What value do investors place on Telefónica Deutschland Holding's assets?
Raw Data
DB:O2D PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €2.20
XTRA:O2D Share Price * XTRA (2020-04-06) in EUR €2.33
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.24x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:O2D PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:O2D Share Price ÷ Book Value per Share (both in EUR)

= 2.33 ÷ 2.20

1.06x

* Primary Listing of Telefónica Deutschland Holding.

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

  • Telefónica Deutschland Holding is good value based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Telefónica Deutschland Holding'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 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 Telecom industry average (and greater than 0)? (1 check)
  5. Telefónica Deutschland Holding 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 Telefónica Deutschland Holding expected to perform in the next 1 to 3 years based on estimates from 21 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
93.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Telefónica Deutschland Holding expected to grow at an attractive rate?
  • Telefónica Deutschland Holding's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Telefónica Deutschland Holding's earnings growth is expected to exceed the Germany market average.
  • Telefónica Deutschland Holding's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:O2D Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:O2D Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 93.7%
DB:O2D Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 0.8%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.4%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:O2D Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:O2D Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 7,922 809 4
2023-12-31 7,836 1,376 92 5
2022-12-31 7,644 1,821 84 11
2021-12-31 7,548 2,197 65 20
2020-12-31 7,421 2,291 -122 21
2020-04-07
DB:O2D Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 7,580 2,015 -212
2019-09-30 7,610 -287
2019-06-30 7,546 1,941 -293
2019-03-31 7,504 -255
2018-12-31 7,497 1,690 -230
2018-09-30 7,407 1,588 -326
2018-06-30 7,416 1,572 -335
2018-03-31 7,428 1,678 -364
2017-12-31 7,424 1,702 -381
2017-09-30 7,454 1,798 -332
2017-06-30 7,475 1,972 -398
2017-03-31 7,559 1,936 -105

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Telefónica Deutschland Holding's earnings are expected to grow significantly at over 20% yearly.
  • Telefónica Deutschland Holding's revenue is expected to grow by 0.8% 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:O2D Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Telefónica Deutschland Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:O2D Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 0.03 0.03 0.02 2.00
2022-12-31 0.02 0.13 -0.05 8.00
2021-12-31 0.02 0.18 -0.05 17.00
2020-12-31 -0.05 -0.03 -0.08 11.00
2020-04-07
DB:O2D Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 -0.07
2019-09-30 -0.10
2019-06-30 -0.10
2019-03-31 -0.09
2018-12-31 -0.08
2018-09-30 -0.11
2018-06-30 -0.11
2018-03-31 -0.13
2017-12-31 -0.13
2017-09-30 -0.10
2017-06-30 -0.13
2017-03-31 -0.03

*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.
  • Telefónica Deutschland Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Telefónica Deutschland Holding'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Telefónica Deutschland Holding has a total score of 3/6, 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 Telefónica Deutschland Holding 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 Telefónica Deutschland Holding's growth in the last year to its industry (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.
  • 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 Europe Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Telefónica Deutschland Holding'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 Telefónica Deutschland Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:O2D Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 7,580.00 -212.00 239.00
2019-09-30 7,610.00 -287.00 253.00
2019-06-30 7,546.00 -293.00 254.00
2019-03-31 7,504.00 -255.00 253.00
2018-12-31 7,497.00 -230.00 253.00
2018-09-30 7,407.00 -326.00 265.00
2018-06-30 7,416.00 -335.00 272.00
2018-03-31 7,428.00 -364.00 213.00
2017-12-31 7,424.00 -381.00 291.00
2017-09-30 7,454.00 -332.00 554.00
2017-06-30 7,475.00 -398.00 482.00
2017-03-31 7,559.00 -105.00 418.00
2016-12-31 7,649.00 -176.00 340.00
2016-09-30 7,890.00 -58.00
2016-06-30 7,960.00 -87.00
2016-03-31 8,022.00 -408.00
2015-12-31 8,034.00 -383.00
2015-09-30 7,885.00 -957.00
2015-06-30 7,149.00 -838.00
2015-03-31 6,385.00 -794.00
2014-12-31 5,627.00 -689.00
2014-09-30 4,842.00 0.00
2014-06-30 4,849.00 24.00
2014-03-31 4,904.56 50.84
2013-12-31 5,007.00 78.00
2013-09-30 5,092.41 198.17
2013-06-30 5,174.36 242.38

*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.
  • 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.
  • It is difficult to establish if Telefónica Deutschland Holding has efficiently used its assets last year compared to the Europe Telecom industry average (Return on Assets) as it is loss-making.
  • 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.
X
Past performance checks
We assess Telefónica Deutschland Holding'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 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.
Telefónica Deutschland Holding has a total score of 0/6, 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 Telefónica Deutschland Holding'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 Telefónica Deutschland Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Telefónica Deutschland Holding'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 1.1x 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 Telefónica Deutschland Holding Company Filings, last reported 3 months ago.

DB:O2D Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 6,534.00 2,492.00 783.00
2019-09-30 6,534.00 2,527.00 617.00
2019-06-30 6,575.00 2,630.00 481.00
2019-03-31 7,437.00 2,108.00 776.00
2018-12-31 7,569.00 2,119.00 753.00
2018-09-30 7,676.00 2,721.00 941.00
2018-06-30 7,707.00 2,319.00 330.00
2018-03-31 8,490.00 2,112.00 852.00
2017-12-31 8,297.00 1,871.00 591.00
2017-09-30 8,504.00 2,233.00 533.00
2017-06-30 8,542.00 2,472.00 691.00
2017-03-31 9,320.00 1,716.00 632.00
2016-12-31 9,408.00 1,726.00 615.00
2016-09-30 9,514.00 1,854.00 315.00
2016-06-30 9,633.00 2,023.00 289.00
2016-03-31 10,117.00 2,067.00 497.00
2015-12-31 10,321.00 2,042.00 535.00
2015-09-30 10,366.00 1,976.00 210.00
2015-06-30 10,401.00 2,142.00 227.00
2015-03-31 11,167.00 2,139.00 2,013.00
2014-12-31 11,412.00 1,844.00 1,704.00
2014-09-30 8,955.00 1,831.00 4,741.00
2014-06-30 5,399.17 1,825.28 1,006.28
2014-03-31 5,956.36 1,819.94 1,185.94
2013-12-31 5,999.00 1,445.00 709.00
2013-09-30 5,916.32 1,000.89 107.99
2013-06-30 5,906.42 1,250.87 163.79
  • Telefónica Deutschland Holding's level of debt (38.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16.2% vs 38.1% today).
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, even with free cash flow being positive and shrinking by -7.3% per year.
X
Financial health checks
We assess Telefónica Deutschland Holding'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. Telefónica Deutschland Holding has a total score of 3/6, 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 Telefónica Deutschland Holding'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
7.28%
Current annual income from Telefónica Deutschland Holding dividends. Estimated to be 8% next year.
If you bought €2,000 of Telefónica Deutschland Holding shares you are expected to receive €146 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?
  • Telefónica Deutschland Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Telefónica Deutschland Holding's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
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:O2D 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 21 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:O2D Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.28 1.00
2023-12-31 0.28 1.00
2022-12-31 0.20 10.00
2021-12-31 0.19 20.00
2020-12-31 0.17 17.00
2020-04-07
DB:O2D Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-03 0.170 7.866
2020-02-19 0.170 6.792
2019-05-21 0.270 10.665
2018-03-05 0.260 7.671
2018-02-21 0.260 6.709
2017-11-09 0.260 6.341
2017-10-25 0.260 5.982
2017-03-13 0.250 5.597
2017-02-22 0.250 6.079
2016-10-26 0.250 6.511
2016-08-11 0.250 6.925
2016-07-27 0.250 6.737
2016-03-10 0.240 5.786
2015-03-24 0.240 4.648
2014-05-20 0.470 9.742
2013-03-27 0.450 7.797

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

  • 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 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Telefónica Deutschland Holding's earnings are paid to the shareholders as a dividend.
  • 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 (0.1x coverage).
X
Income/ dividend checks
We assess Telefónica Deutschland Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Telefónica Deutschland Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Telefónica Deutschland Holding has a total score of 2/6, 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 Telefónica Deutschland Holding'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
Markus Haas
COMPENSATION €2,315,892
AGE 47
TENURE AS CEO 3.3 years
CEO Bio

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 responsible for the operative business. He is responsible for legal affairs, regulatory affairs, auditing, roaming services as well as compliance and data protection management. He serves as Chairman of The Board of Directors at Telefónica Deutschland Holding AG and has been its Member of The Board of Directors since January 6, 2017. Mr. Haas served as Chief Operating Officer at Telefónica Deutschland Holding AG at Telefónica, S.A. since October 1, 2014 until January 6, 2017. He served as the Chief Strategy Officer of Telefónica Deutschland Holding AG since 2009 and served as its General Counsel. He served as Managing Director of Corporate and Legal Affairs at Telefónica Germany GmbH & Co. OHG (also known as Telefonica O2 Germany GmbH & Co. OHG) since May 1, 2009. He started his career with Telefónica O2 Germany in 1998, where he served as Legal and Regulatory Affairs Officer and as Management Assistant. He served as Director of Regulatory Affairs, Director of Legal & Regulatory, General Counsel and Vice President of Corporate & Legal Affairs. He has been a Director of Telefónica Deutschland Holding Ag at Telefónica, S.A. since October 2014. Mr. Haas received his license as lawyer in 1998.

CEO Compensation
  • Markus's compensation has increased whilst company is loss making.
  • Markus's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Telefónica Deutschland Holding management team in years:

2.7
Average Tenure
48
Average Age
  • The tenure for the Telefónica Deutschland Holding management team is about average.
Management Team

Markus Haas

TITLE
Chairman of Management Board & CEO
COMPENSATION
€2M
AGE
47
TENURE
3.3 yrs

Markus Rolle

TITLE
CFO & Member of Management Board
COMPENSATION
€3M
AGE
41
TENURE
2.7 yrs

Wolfgang Metze

TITLE
Chief Consumer Officer & Member of Management Board
COMPENSATION
€994K
AGE
46
TENURE
2.7 yrs

Alfons Lösing

TITLE
Chief Partner & Wholesale Officer and Member of Management Board
COMPENSATION
€1M
AGE
55
TENURE
2.7 yrs

Valentina Daiber

TITLE
Chief Officer for Legal & Corporate Affairs and Member of Management Board
COMPENSATION
€743K
AGE
52
TENURE
2.7 yrs

Nicole Gerhardt

TITLE
Chief Human Resource Officer
COMPENSATION
€741K
AGE
49
TENURE
2.7 yrs

Mallik Rao

TITLE
Chief Technology & Information Officer and Member of the Executive Board
COMPENSATION
€228K
TENURE
0.5 yrs

Marion Polzer

TITLE
Head of Investor Relations

Guido Heitmann

TITLE
Head of Corporate Communications
COMPENSATION
€415K

Veronika Bunk-Sanderson

TITLE
Director Commun­icat­ions & Investor Relations
Board of Directors Tenure

Average tenure and age of the Telefónica Deutschland Holding board of directors in years:

6.8
Average Tenure
53.5
Average Age
  • The tenure for the Telefónica Deutschland Holding board of directors is about average.
Board of Directors

Peter Löscher

TITLE
Chairperson of the Supervisory Board
AGE
62

Christoph Braun

TITLE
Deputy Chairperson of Supervisory Board
COMPENSATION
€40K
AGE
54
TENURE
3.8 yrs

Patricia Cobían González

TITLE
Independent Member of Supervisory Board
COMPENSATION
€2K
AGE
44
TENURE
7.6 yrs

Michael Hoffmann

TITLE
Independent Member of Supervisory Board
COMPENSATION
€70K
AGE
58
TENURE
7.5 yrs

Sally Ashford

TITLE
Independent Member of Supervisory Board
COMPENSATION
€20K
AGE
49
TENURE
5.6 yrs

Thomas Pfeil

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€20K
AGE
53
TENURE
6.8 yrs

Jan-Erik Walter

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€20K
AGE
58
TENURE
6.8 yrs

Christoph Heil

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€15K
AGE
54
TENURE
1 yrs

Claudia Weber

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€20K
AGE
53
TENURE
6.8 yrs

Joachim Rieger

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€25K
AGE
52
TENURE
5.5 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 Telefónica Deutschland Holding'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. Telefónica Deutschland Holding 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

Should You Worry About Telefónica Deutschland Holding AG's (FRA:O2D) CEO Pay?

View our latest analysis for Telefónica Deutschland Holding How Does Markus Haas's Compensation Compare With Similar Sized Companies? … Our data indicates that Telefónica Deutschland Holding AG is worth €7.4b, and total annual CEO compensation is €2.3m. … If you think CEO compensation levels are interesting you will probably really like this free visualization of insider trading at Telefónica Deutschland Holding.

Simply Wall St -

Investors Who Bought Telefónica Deutschland Holding (FRA:O2D) Shares Five Years Ago Are Now Down 58%

At this point some shareholders may be questioning their investment in Telefónica Deutschland Holding AG (FRA:O2D), since the last five years saw the share price fall 58%. … View our latest analysis for Telefónica Deutschland Holding Because Telefónica Deutschland Holding is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Over five years, Telefónica Deutschland Holding grew its revenue at 6.3% per year.

Simply Wall St -

Telefónica Deutschland Holding AG's (FRA:O2D) Shift From Loss To Profit

Telefónica Deutschland Holding AG's (FRA:O2D):. … Telefónica Deutschland Holding AG provides telecommunication and connectivity solutions to private and business customers in Germany. … See our latest analysis for Telefónica Deutschland Holding

Simply Wall St -

Have You Considered This Before Investing In Telefónica Deutschland Holding AG (FRA:O2D)?

If you are currently a shareholder in Telefónica Deutschland Holding AG (FRA:O2D), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I’ve analysed below, the health and outlook of Telefónica Deutschland Holding’s cash flow, which will help you understand the stock from a cash standpoint. … Free cash flow (FCF) is the amount of cash Telefónica Deutschland Holding has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

Should Telefónica Deutschland Holding AG's (FRA:O2D) Recent Earnings Worry You?

Assessing Telefónica Deutschland Holding AG's (FRA:O2D) past track record of performance is a useful exercise for investors. … Below, I assess O2D's latest performance announced on 30 September 2018 and evaluate these figures to its historical trend and industry movements. … Did O2D's recent performance beat its trend and industry.

Simply Wall St -

What You Need To Know About Telefónica Deutschland Holding AG’s (FRA:O2D) Cash Situation

If you are currently a shareholder in Telefónica Deutschland Holding AG (FRA:O2D), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Today we will examine Telefónica Deutschland Holding’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Telefónica Deutschland Holding’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.

Simply Wall St -

Has Telefónica Deutschland Holding AG (FRA:O2D) Got Enough Cash?

Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Telefónica Deutschland Holding AG (FRA:O2D). … With a market valuation of €10.68b, O2D is a safe haven in times of market uncertainty due to its strong balance sheet. … See our latest analysis for Telefónica Deutschland Holding?

Simply Wall St -

Telefónica Deutschland Holding AG's (FRA:O2D) Path To Profitability

Telefónica Deutschland Holding AG's (FRA:O2D):. … Telefónica Deutschland Holding AG operates as a mobile communication provider to private and business customers in Germany. … Check out our latest analysis for Telefónica Deutschland Holding

Simply Wall St -

A Look At The Intrinsic Value Of Telefónica Deutschland Holding AG (FRA:O2D)

How far off is Telefónica Deutschland Holding AG (FRA:O2D) from its intrinsic value? … by estimating the company's future cash flows and discounting them to their present value. … If you are reading this and its not June 2018 then I highly recommend you check out the latest calculation for Telefónica Deutschland Holding by following the link below.

Simply Wall St -

Is Telefónica Deutschland Holding AG (DB:O2D) A Smart Choice For Dividend Investors?

Telefónica Deutschland Holding AG (DB:O2D) has returned to shareholders over the past 6 years, an average dividend yield of 14.00% annually. … Does Telefónica Deutschland Holding tick all the boxes of a great dividend stock? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

Simply Wall St -

Company Info

Description

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 fixed line networks; and access to infrastructure and services for its wholesale partners. It also provides Unbundled Local Loop services, including fixed line telephony and high speed Internet; and digital products and services in the fields of Internet of Things and data analytics. The company offers its products and services through a network of independently operated franchise and premium partner shops, and online and telesales channels, as well as indirect selling channels, such as partnerships and co-operations with retailers. It markets its products and services under the O2, blau, AY YILDIZ, Ortel Mobile, TürkeiSIM, netzclub, BASE, FONIC, O2 Unite, Vivo, and Movistar brands. As of December 31, 2018, Telefónica Deutschland Holding AG had approximately 47.1 million customers. The company was formerly known as Telefónica Germany Verwaltungs GmbH and changed its name to Telefónica Deutschland Holding AG in September 2012. The company is based in Munich, Germany. Telefónica Deutschland Holding AG operates as a subsidiary of Telefonica Germany Holdings Limited.

Details
Name: Telefónica Deutschland Holding AG
O2D
Exchange: DB
Founded:
€6,942,611,353
2,974,554,993
Website: http://www.telefonica.de
Address: Telefónica Deutschland Holding AG
Georg–Brauchle–Ring 23–25,
Munich,
Bavaria, 80992,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA O2D Ordinary Registered Shares XETRA Trading Platform DE EUR 30. Oct 2012
OTCPK TELD.F Ordinary Registered Shares Pink Sheets LLC US USD 30. Oct 2012
DB O2D Ordinary Registered Shares Deutsche Boerse AG DE EUR 30. Oct 2012
LSE 0QAL Ordinary Registered Shares London Stock Exchange GB EUR 30. Oct 2012
SWX O2D Ordinary Registered Shares SIX Swiss Exchange CH CHF 30. Oct 2012
WBAG O2D Ordinary Registered Shares Wiener Boerse AG AT EUR 30. Oct 2012
ETLX O2D Ordinary Registered Shares Eurotlx IT EUR 30. Oct 2012
BATS-CHIXE O2DD Ordinary Registered Shares BATS 'Chi-X Europe' GB EUR 30. Oct 2012
Number of employees
Current staff
Staff numbers
8,202
Telefónica Deutschland Holding employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 04:34
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.