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Telia Company

DB:TLS
Snowflake Description

Second-rate dividend payer and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TLS
DB
SEK141B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Latvia, Moldova, Lithuania, and Estonia. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • Telia Company has significant price volatility in the past 3 months.
TLS Share Price and Events
7 Day Returns
-4%
DB:TLS
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
-22.1%
DB:TLS
-22.7%
DE Telecom
-14.1%
DE Market
TLS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Telia Company (TLS) -4% -15.8% -19.4% -22.1% -19.1% -46.3%
DE Telecom 3.7% -22.8% -18.2% -22.7% -31.2% -35.3%
DE Market 14.8% -20% -23.5% -14.1% -22.8% -26.7%
1 Year Return vs Industry and Market
  • TLS matched the Telecom industry (-22.7%) over the past year.
  • TLS underperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
TLS
Industry
5yr Volatility vs Market
Related Companies

TLS Value

 Is Telia Company 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 Telia Company 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 Telia Company.

DB:TLS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 18 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:TLS
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))
= 0.359 (1 + (1- 22%) (84.68%))
0.729
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:TLS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Telia Company 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:TLS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 3.96%)
2020 11,636.86 Analyst x13 11,193.38
2021 12,237.20 Analyst x12 11,322.25
2022 12,585.22 Analyst x11 11,200.49
2023 12,538.50 Analyst x4 10,733.64
2024 13,932.67 Analyst x3 11,472.58
2025 14,299.75 Est @ 2.63% 11,326.10
2026 14,546.74 Est @ 1.73% 11,082.64
2027 14,705.60 Est @ 1.09% 10,776.70
2028 14,800.81 Est @ 0.65% 10,433.11
2029 14,850.58 Est @ 0.34% 10,069.25
Present value of next 10 years cash flows SEK109,610.00
DB:TLS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK14,850.58 × (1 + -0.39%) ÷ (3.96% – -0.39%)
SEK339,904.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK339,904.89 ÷ (1 + 3.96%)10
SEK230,468.28
DB:TLS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK109,610.00 + SEK230,468.28
SEK340,078.28
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK340,078.28 / 4,089.63
SEK83.16
DB:TLS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TLS represents 0.0912x of OM:TELIA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0912x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 83.16 x 0.0912
€7.58
Value per share (EUR) From above. €7.58
Current discount Discount to share price of €3.15
= -1 x (€3.15 - €7.58) / €7.58
58.4%

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

Current Discount
Amount off the current price Telia Company is available for.
Intrinsic value
>50%
Share price is €3.15 vs Future cash flow value of €7.58
Current Discount Checks
For Telia Company to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Telia Company's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Telia Company'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 Telia Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Telia Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TLS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK1.78
OM:TELIA Share Price ** OM (2020-03-27) in SEK SEK34.56
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 17.13x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.62x

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

** Primary Listing of Telia Company.

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

= OM:TELIA Share Price ÷ EPS (both in SEK)

= 34.56 ÷ 1.78

19.4x

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

  • Telia Company is overvalued based on earnings compared to the Europe Telecom industry average.
  • Telia Company is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Telia Company's expected growth come at a high price?
Raw Data
DB:TLS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts
9.9%per year
Europe Telecom Industry PEG Ratio Median Figure of 33 Publicly-Listed Telecom Companies 1.35x
Germany Market PEG Ratio Median Figure of 251 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.4x ÷ 9.9%

1.96x

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

  • Telia Company is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Telia Company's assets?
Raw Data
DB:TLS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK22.14
OM:TELIA Share Price * OM (2020-03-27) in SEK SEK34.56
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.43x
DB:TLS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:TELIA Share Price ÷ Book Value per Share (both in SEK)

= 34.56 ÷ 22.14

1.56x

* Primary Listing of Telia Company.

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

  • Telia Company is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Telia Company'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. Telia Company has a total score of 2/6, 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.

TLS Future Performance

 How is Telia Company expected to perform in the next 1 to 3 years based on estimates from 18 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
9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Telia Company expected to grow at an attractive rate?
  • Telia Company's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Telia Company's earnings growth is positive but not above the Germany market average.
  • Telia Company's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TLS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TLS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts 9.9%
DB:TLS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts 1.7%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.2%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:TLS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TLS Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 90,594 29,227 10,205 2
2023-12-31 92,728 28,758 10,241 5
2022-12-31 93,182 27,759 10,748 13
2021-12-31 92,886 27,350 10,098 18
2020-12-31 92,711 27,968 8,996 18
2020-03-27
DB:TLS Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 85,965 27,594 7,434
2019-09-30 85,506 28,145 8,430
2019-06-30 85,011 25,884 8,436
2019-03-31 84,554 25,534 9,377
2018-12-31 83,559 26,696 9,612
2018-09-30 82,514 26,915 11,119
2018-06-30 81,444 22,560 9,285
2018-03-31 80,415 23,332 7,894
2017-12-31 79,790 23,204 7,954
2017-09-30 79,756 22,191 11,186
2017-06-30 81,666 28,050 14,023
2017-03-31 83,011 26,912 13,205

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Telia Company's earnings are expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
  • Telia Company's revenue is expected to grow by 1.7% 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:TLS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 18 Analyst Estimates (S&P Global) See Below

All data from Telia Company Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TLS Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31 2.56 2.81 2.30 2.00
2022-12-31 2.64 2.93 2.35 13.00
2021-12-31 2.44 2.70 2.06 17.00
2020-12-31 2.18 2.43 1.76 16.00
2020-03-27
DB:TLS Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 1.78
2019-09-30 2.01
2019-06-30 1.99
2019-03-31 2.20
2018-12-31 2.24
2018-09-30 2.58
2018-06-30 2.15
2018-03-31 1.82
2017-12-31 1.84
2017-09-30 2.58
2017-06-30 3.24
2017-03-31 3.05

*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.
  • Telia Company is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Telia Company'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.
Telia Company has a total score of 1/6, 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.

TLS Past Performance

  How has Telia Company 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 Telia Company'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.
  • Telia Company's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Telia Company's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Telia Company's 1-year earnings growth is negative, it can't be compared to the Europe Telecom industry average.
Earnings and Revenue History
Telia Company'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 Telia Company Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TLS Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 85,965.00 7,434.00 20,016.00 152.00
2019-09-30 85,506.00 8,430.00 19,181.00 164.00
2019-06-30 85,011.00 8,436.00 19,335.00 164.00
2019-03-31 84,554.00 9,377.00 18,923.00 164.00
2018-12-31 83,559.00 9,612.00 18,325.00 164.00
2018-09-30 82,514.00 11,119.00 18,392.00 286.00
2018-06-30 81,444.00 9,285.00 17,693.00 286.00
2018-03-31 80,415.00 7,894.00 17,700.00 286.00
2017-12-31 79,790.00 7,954.00 17,984.00 286.00
2017-09-30 79,756.00 11,186.00 18,129.00 173.00
2017-06-30 81,666.00 14,023.00 18,519.00 173.00
2017-03-31 83,011.00 13,205.00 18,716.00 173.00
2016-12-31 84,178.00 13,669.00 19,030.00 173.00
2016-09-30 85,687.00 7,616.00 19,267.00 147.00
2016-06-30 85,875.00 7,334.00 19,666.00 147.00
2016-03-31 86,303.00 8,622.00 20,041.00 147.00
2015-12-31 86,498.00 7,878.00 20,167.00 147.00
2015-09-30 70,663.00 6,401.00 17,152.00 228.00
2015-06-30 74,367.00 7,324.00 17,755.00 228.00
2015-03-31 77,794.00 9,194.00 18,144.00 228.00
2014-12-31 81,131.00 11,123.00 18,741.00 228.00
2014-09-30 100,887.00 13,753.00 22,790.00 294.00
2014-06-30 100,887.00 14,321.00 22,789.00 294.00
2014-03-31 101,214.00 14,807.00 22,738.00 294.00
2013-12-31 101,870.00 14,970.00 22,654.00 294.00
2013-09-30 102,380.00 19,659.00 22,468.00 382.00
2013-06-30 102,805.00 19,051.00 22,795.00 382.00
2013-03-31 103,787.00 19,872.00 23,292.00 382.00

*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.
  • Telia Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Telia Company used its assets less efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • Telia Company's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Telia Company'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.
Telia Company has a total score of 1/6, 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.

TLS Health

 How is Telia Company'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 Telia Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Telia Company's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Telia Company's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Telia Company'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 not covered by short term assets, assets are 0.4x 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 Telia Company Company Filings, last reported 2 months ago.

DB:TLS Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 92,456.00 104,664.00 14,925.00
2019-09-30 93,536.00 102,548.00 8,992.00
2019-06-30 92,628.00 99,772.00 12,265.00
2019-03-31 106,214.00 101,313.00 21,050.00
2018-12-31 102,437.00 95,133.00 19,821.00
2018-09-30 103,488.00 92,634.00 28,137.00
2018-06-30 104,759.00 94,653.00 19,404.00
2018-03-31 113,598.00 93,328.00 26,036.00
2017-12-31 106,517.00 91,310.00 29,420.00
2017-09-30 97,149.00 93,507.00 14,722.00
2017-06-30 93,184.00 93,886.00 19,266.00
2017-03-31 99,912.00 83,345.00 9,284.00
2016-12-31 94,869.00 94,237.00 21,413.00
2016-09-30 88,278.00 96,329.00 18,485.00
2016-06-30 97,485.00 94,611.00 16,758.00
2016-03-31 104,048.00 97,260.00 14,505.00
2015-12-31 102,202.00 100,930.00 21,437.00
2015-09-30 108,624.00 106,103.00 26,742.00
2015-06-30 109,407.00 103,044.00 19,578.00
2015-03-31 120,437.00 110,473.00 34,962.00
2014-12-31 116,364.00 101,417.00 32,853.00
2014-09-30 112,638.00 93,883.00 31,031.00
2014-06-30 107,934.00 91,180.00 21,091.00
2014-03-31 115,034.00 87,596.00 31,894.00
2013-12-31 112,934.00 90,664.00 32,877.00
2013-09-30 108,317.00 86,573.00 27,211.00
2013-06-30 106,459.00 86,425.00 18,128.00
2013-03-31 111,816.00 83,559.00 25,900.00
  • Telia Company's level of debt (113.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (87.2% vs 113.2% today).
  • Debt is well covered by operating cash flow (26.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
X
Financial health checks
We assess Telia Company'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. Telia Company has a total score of 2/6, 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.

TLS Dividends

 What is Telia Company'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
5.21%
Current annual income from Telia Company dividends. Estimated to be 6.59% next year.
If you bought €2,000 of Telia Company shares you are expected to receive €104 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?
  • Telia Company's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.66%).
  • Telia Company's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Telia Company 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:TLS 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 18 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 319 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:TLS Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 2.12 3.00
2022-12-31 2.33 13.00
2021-12-31 2.33 18.00
2020-12-31 2.22 21.00
2020-03-27
DB:TLS Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-25 1.800 4.976
2019-04-10 2.360 5.652
2018-03-06 2.300 5.576
2017-03-15 2.000 5.275
2017-01-27 2.000 5.609
2016-03-07 3.000 7.879
2015-03-18 3.000 6.564
2015-01-29 3.000 5.730
2014-04-02 3.000 6.028
2013-01-31 2.850 5.981
2012-02-02 2.850 6.291
2011-02-03 2.750 5.852
2010-03-22 2.250 4.295
2010-02-11 2.250 4.432

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

  • 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
What portion of Telia Company's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x 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 Telia Company's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Telia Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Telia Company has a total score of 3/6, see the detailed checks below.


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

TLS Management

 What is the CEO of Telia Company'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
Christian Luiga
COMPENSATION SEK16,184,413
AGE 51
TENURE AS CEO 0.5 years
CEO Bio

Mr. Christian Luiga serves as Independent Director at Axfood AB (publ) since March 18, 2020. He serves as Acting President and Chief Executive Officer at Telia Company AB since September 12, 2019. He served as the Chief Financial Officer of Telia Company AB since April 2014 and its Executive Vice President since January 03, 2017 until September 12, 2019. Mr. Luiga served as Senior Vice President of TeliaSonera Aktiebolag (publ) since April 2014 until January 03, 2017. Mr. Luiga served as the Acting Chief Financial Officer at TeliaSonera Aktiebolag (publ) from November 2013 to April 2014. He served as the Head of Corporate Control at TeliaSonera Aktiebolag (publ) since March 2009. Mr. Luiga served as the Head of Chief Executive Officer Office at TeliaSonera Aktiebolag (publ). Mr. Luiga served as the Acting Chief Financial Officer of TeliaSonera AB (currently known as Telia Company AB (publ)) since February 6, 2013. He served as Head of Corporate Business Control at TeliaSonera AB (currently known as Telia Company AB (publ)) until February 6, 2013. Mr. Luiga served as Chief Financial Officer and Senior Vice President of Teleca AB from 2004 to September 2008. He has experience in corporate finance and accounting. He served as Chief Financial Officer of FramFab AB since May 2002. He served as Group Controller of Intentia International and Area Controller Nordics for Intemec Inc. Mr. Luiga served as Chief Financial Officer of Nordic Operations at the U.S. company Technology Inc., and Group Controller of United Barcode Industries (UBI) and Chief Financial Officer of UBI Inc., and MaxiLan Inc. He is a graduate of Business Administration from Stockholm University. Mr. Luiga holds a Bachelor of Science in Economics.

CEO Compensation
  • Insufficient data for Christian to compare compensation growth.
  • Christian's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Telia Company management team in years:

2.4
Average Tenure
49.5
Average Age
  • The tenure for the Telia Company management team is about average.
Management Team

Christian Luiga

TITLE
Executive VP & CFO
COMPENSATION
SEK16M
AGE
51
TENURE
0.5 yrs

Johan Dennelind

TITLE
COMPENSATION
SEK27M
AGE
50
TENURE
0.5 yrs

Douglas Lubbe

TITLE
Acting Chief Financial Officer
TENURE
0.5 yrs

Magnus Zetterberg

TITLE
Senior VP
AGE
50
TENURE
1.8 yrs

Andreas Joelsson

TITLE
Head of Investor Relations
TENURE
3.3 yrs

J. Bengtsson

TITLE
Executive VP
AGE
49
TENURE
6.2 yrs

Åsa Jamal

TITLE
Senior VP & Head of Group Communications
AGE
47
TENURE
1.1 yrs

Cecilia Lundin

TITLE
Executive VP and Head of People & Brand
AGE
49
TENURE
3.1 yrs

Andreas Ekström

TITLE
Head of Mergers & Acquisitions
AGE
44
TENURE
7 yrs

Peter Borsos

TITLE
Head of Telia Global & Senior VP
AGE
50
TENURE
6.2 yrs
Board of Directors Tenure

Average tenure and age of the Telia Company board of directors in years:

3.9
Average Tenure
57
Average Age
  • The tenure for the Telia Company board of directors is about average.
Board of Directors

Lars-Johan Jarnheimer

TITLE
Independent Chair of the Board
COMPENSATION
SEK199K
AGE
59
TENURE
0.3 yrs

Olli-Pekka Kallasvuo

TITLE
Independent Vice Chairman
COMPENSATION
SEK898K
AGE
66
TENURE
6.9 yrs

Nina Linander

TITLE
Independent Director
COMPENSATION
SEK869K
AGE
60
TENURE
6.9 yrs

Stefan Carlsson

TITLE
Director
AGE
63
TENURE
10.3 yrs

Agneta Ahlström

TITLE
Director
AGE
59
TENURE
12.3 yrs

Anna Settman

TITLE
Independent Director
COMPENSATION
SEK642K
AGE
49
TENURE
3.9 yrs

Olaf Swantee

TITLE
Independent Director
COMPENSATION
SEK642K
AGE
53
TENURE
3.9 yrs

Martin Tivéus

TITLE
Independent Director
COMPENSATION
SEK601K
AGE
49
TENURE
2 yrs

Jimmy Maymann

TITLE
Independent Director
COMPENSATION
SEK710K
AGE
48
TENURE
2.2 yrs

Gusta Gustafson

TITLE
Independent Director
COMPENSATION
SEK478K
AGE
55
TENURE
0.9 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 (€)
09. May 19 Buy Abraham Foss Individual 07. May 19 07. May 19 6,102 €3.77 €23,030
X
Management checks
We assess Telia Company'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. Telia Company 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.

TLS News

Simply Wall St News

TLS Company Info

Description

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Latvia, Moldova, Lithuania, and Estonia. The company offers mobile, broadband, television, and fixed-line services to businesses, individuals, families, and communities. It also provides contact center, Internet of Things (IoT), hosting, managed Wi-Fi, and cloud and security services; data center and infrastructure services; IP-network solutions and system integration services; and financing solutions. In addition, the company owns and operates fiber backbones. The company markets its products and services under the Telia, Halebop, OneCall, MyCall, Phonero, Get, TDC, Call me, Telia Latvija, Telia Finance, DataInfo, Diil, Okarte, Telia Cloudy, Mit Tele, Cygate, Lmt, Amigo, Ezys, and Moldcell brands. It has 16.7 million mobile subscriptions, 1.5 million fixed voice subscriptions, 2.9 million fixed broadband subscriptions, 3.1 million TV subscriptions, and 2.4 million M2M subscriptions. The company was formerly known as TeliaSonera AB (publ) and changed its name to Telia Company AB (publ) in April 2016. Telia Company AB (publ) was founded in 1853 and is headquartered in Solna, Sweden.

Details
Name: Telia Company AB (publ)
TLS
Exchange: DB
Founded: 1853
SEK12,823,647,898
4,089,631,702
Website: http://www.teliacompany.com
Address: Telia Company AB (publ)
Stjärntorget 1,
Solna,
Stockholm County, 169 94,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM TELIA Common Stock OMX Nordic Exchange Stockholm SE SEK 13. Jun 2000
OTCPK TLSN.F Common Stock Pink Sheets LLC US USD 13. Jun 2000
DB TLS Common Stock Deutsche Boerse AG DE EUR 13. Jun 2000
LSE 0H6X Common Stock London Stock Exchange GB SEK 13. Jun 2000
SWX TELIA Common Stock SIX Swiss Exchange CH CHF 13. Jun 2000
HLSE TELIA1 Common Stock OMX Nordic Exchange Helsinki FI EUR 13. Jun 2000
OTCPK TLSN.Y UNSPONSORED ADR Pink Sheets LLC US USD 22. Oct 2008
Number of employees
Current staff
Staff numbers
20,845
Telia Company employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 22:40
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/03/12
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.