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Telefônica Brasil

DB:TSP
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TSP
DB
R$83B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Telefônica Brasil S.A. provides mobile and fixed telecommunications services to residential and corporate customers in Brazil. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Telefônica Brasil has significant price volatility in the past 3 months.
TSP Share Price and Events
7 Day Returns
-21.1%
DB:TSP
3.7%
DE Telecom
14.8%
DE Market
1 Year Returns
-18.7%
DB:TSP
-22.7%
DE Telecom
-14.1%
DE Market
TSP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Telefônica Brasil (TSP) -21.1% -23.9% -33.8% -18.7% -37.8% -38.8%
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
  • TSP outperformed the Telecom industry which returned -22.7% over the past year.
  • TSP underperformed the Market in Germany which returned -14.1% over the past year.
Price Volatility
TSP
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Telefônica Brasil 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 Telefônica Brasil 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 Telefônica Brasil.

DB:TSP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in BRL R$ 4.2828585714286
Payout Ratio Company Filings (2019-12-31) 7348%
Discount Rate (Cost of Equity) See below 7%
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:TSP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 9.3%
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- 34%) (16.79%))
0.597
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 * 9.25%)
7.01%

Discounted Cash Flow Calculation for DB:TSP using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Telefônica Brasil 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:TSP Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= R$4.28 / (7.01% - -0.39%)
R$1.81
DB:TSP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TSP represents 0.17699x of BOVESPA:VIVT4
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.17699x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (BRL) x Listing Adjustment Factor
= R$ 57.88 x 0.17699
€10.24
Value per share (EUR) From above. €10.24
Current discount Discount to share price of €8.60
= -1 x (€8.60 - €10.24) / €10.24
16%

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

Current Discount
Amount off the current price Telefônica Brasil is available for.
Intrinsic value
16%
Share price is €8.6 vs Future cash flow value of €10.24
Current Discount Checks
For Telefônica Brasil to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Telefônica Brasil's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Telefônica Brasil'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 Telefônica Brasil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Telefônica Brasil's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TSP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in BRL R$2.96
BOVESPA:VIVT4 Share Price ** BOVESPA (2020-03-27) in BRL R$48.59
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 Telefônica Brasil.

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

= BOVESPA:VIVT4 Share Price ÷ EPS (both in BRL)

= 48.59 ÷ 2.96

16.41x

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

  • Telefônica Brasil is good value based on earnings compared to the Europe Telecom industry average.
  • Telefônica Brasil is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Telefônica Brasil's expected growth come at a high price?
Raw Data
DB:TSP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
9.6%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:TSP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.41x ÷ 9.6%

1.7x

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

  • Telefônica Brasil is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Telefônica Brasil's assets?
Raw Data
DB:TSP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in BRL R$41.72
BOVESPA:VIVT4 Share Price * BOVESPA (2020-03-27) in BRL R$48.59
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:TSP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BOVESPA:VIVT4 Share Price ÷ Book Value per Share (both in BRL)

= 48.59 ÷ 41.72

1.16x

* Primary Listing of Telefônica Brasil.

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

  • Telefônica Brasil is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess Telefônica Brasil'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. Telefônica Brasil 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.

Future Performance

 How is Telefônica Brasil expected to perform in the next 1 to 3 years based on estimates from 13 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
9.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Telefônica Brasil expected to grow at an attractive rate?
  • Telefônica Brasil's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Telefônica Brasil's earnings growth is positive but not above the Germany market average.
  • Telefônica Brasil's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TSP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TSP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 9.6%
DB:TSP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 2.5%
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:TSP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in BRL Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TSP Future Estimates Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 48,493 7,828 3
2022-12-31 47,414 6,794 4
2021-12-31 47,054 15,836 6,284 11
2020-12-31 44,969 15,126 6,029 7
2020-03-27
DB:TSP Past Financials Data
Date (Data in BRL Millions) Revenue Cash Flow Net Income *
2019-12-31 44,268 17,721 5,001
2019-09-30 43,977 17,402 5,213
2019-06-30 43,695 15,053 7,426
2019-03-31 43,649 12,512 9,172
2018-12-31 43,463 11,941 8,928
2018-09-30 43,411 10,314 8,959
2018-06-30 43,532 11,758 7,004
2018-03-31 43,406 13,260 4,711
2017-12-31 43,207 12,641 4,609
2017-09-30 43,047 12,996 4,307
2017-06-30 42,854 12,194 4,037
2017-03-31 42,667 11,712 3,863

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Telefônica Brasil's earnings are expected to grow by 9.6% yearly, however this is not considered high growth (20% yearly).
  • Telefônica Brasil's revenue is expected to grow by 2.5% 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:TSP 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 13 Analyst Estimates (S&P Global) See Below

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

DB:TSP Future Estimates Data
Date (Data in BRL Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.52 3.52 3.52 1.00
2022-12-31 3.21 3.21 3.21 1.00
2021-12-31 3.83 5.16 2.97 7.00
2020-12-31 3.24 3.78 2.69 7.00
2020-03-27
DB:TSP Past Financials Data
Date (Data in BRL Millions) EPS *
2019-12-31 2.96
2019-09-30 3.09
2019-06-30 4.40
2019-03-31 5.43
2018-12-31 5.29
2018-09-30 5.31
2018-06-30 4.15
2018-03-31 2.79
2017-12-31 2.73
2017-09-30 2.55
2017-06-30 2.39
2017-03-31 2.29

*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.
  • Telefônica Brasil is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Telefônica Brasil'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.
Telefônica Brasil 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.

Past Performance

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

DB:TSP Past Revenue, Cash Flow and Net Income Data
Date (Data in BRL Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 44,268.17 5,001.01 15,126.38
2019-09-30 43,976.80 5,213.44 15,212.48
2019-06-30 43,694.95 7,425.59 15,174.83
2019-03-31 43,648.52 9,172.38 15,340.35
2018-12-31 43,462.74 8,928.26 15,364.89
2018-09-30 43,410.80 8,958.54 15,430.22
2018-06-30 43,531.85 7,003.99 15,584.91
2018-03-31 43,405.64 4,710.61 15,524.64
2017-12-31 43,206.83 4,608.79 15,579.58
2017-09-30 43,046.94 4,306.66 15,559.40
2017-06-30 42,854.36 4,036.64 15,439.85
2017-03-31 42,667.21 3,863.21 15,336.55
2016-12-31 42,508.46 4,085.24 15,150.43
2016-09-30 42,395.64 3,954.97 14,995.37
2016-06-30 42,283.06 3,888.44 14,869.26
2016-03-31 41,735.13 4,058.76 14,589.98
2015-12-31 40,286.82 3,420.25 14,147.94
2015-09-30 38,573.51 3,596.61 13,534.91
2015-06-30 36,716.65 3,732.77 12,900.69
2015-03-31 35,371.12 4,855.61 12,370.15
2014-12-31 34,999.97 4,936.66 12,227.92
2014-09-30 35,009.14 4,907.06 12,176.98
2014-06-30 34,903.43 4,644.94 12,084.26
2014-03-31 34,778.34 3,566.54 12,055.14
2013-12-31 34,721.90 3,715.95 11,864.06
2013-09-30 34,572.60 3,958.88 11,377.75
2013-06-30 34,414.93 4,134.44 11,136.85
2013-03-31 34,163.86 4,306.30 10,887.83

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

Health

 How is Telefônica Brasil'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 Telefônica Brasil's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Telefônica Brasil is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Telefônica Brasil's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Telefônica Brasil'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 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 Telefônica Brasil Company Filings, last reported 2 months ago.

DB:TSP Past Debt and Equity Data
Date (Data in BRL Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 70,455.58 4,689.66 3,393.38
2019-09-30 70,612.26 4,467.73 4,548.26
2019-06-30 69,666.12 5,443.58 5,858.02
2019-03-31 72,247.70 5,549.06 4,074.84
2018-12-31 71,607.03 5,785.79 3,381.33
2018-09-30 71,461.50 5,950.75 3,713.75
2018-06-30 71,081.70 6,167.54 4,429.81
2018-03-31 70,422.90 7,661.44 4,354.49
2017-12-31 69,461.36 8,097.03 4,050.34
2017-09-30 69,512.08 7,826.63 5,571.06
2017-06-30 68,657.36 10,158.63 7,447.06
2017-03-31 69,781.46 10,665.04 6,285.00
2016-12-31 69,244.42 9,034.26 5,105.11
2016-09-30 68,663.71 8,528.10 5,794.57
2016-06-30 68,319.77 8,560.41 5,675.71
2016-03-31 69,294.71 8,622.53 4,068.21
2015-12-31 68,567.24 10,158.71 5,336.85
2015-09-30 67,403.20 10,481.04 6,315.24
2015-06-30 67,118.23 11,258.12 7,094.67
2015-03-31 43,183.60 6,747.49 3,212.15
2014-12-31 44,950.10 7,568.92 4,692.69
2014-09-30 44,680.97 8,121.43 6,377.34
2014-06-30 44,474.75 8,112.54 5,486.72
2014-03-31 42,509.94 8,343.57 4,544.52
2013-12-31 42,894.44 8,534.68 6,543.94
2013-09-30 43,631.08 9,039.11 8,630.21
2013-06-30 43,310.54 8,990.88 7,779.20
2013-03-31 43,828.17 7,696.19 6,750.95
  • Telefônica Brasil's level of debt (6.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (16.8% vs 6.7% today).
  • Debt is well covered by operating cash flow (377.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 14.1x coverage).
X
Financial health checks
We assess Telefônica Brasil'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. Telefônica Brasil 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 Telefônica Brasil'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
7.27%
Current annual income from Telefônica Brasil dividends. Estimated to be 8.81% next year.
If you bought €2,000 of Telefônica Brasil shares you are expected to receive €145 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?
  • Telefônica Brasil's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.66%).
  • Telefônica Brasil's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Telefônica Brasil 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:TSP 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 13 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:TSP Future Dividends Estimate Data
Date (Data in R$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 4.86 1.00
2022-12-31 5.68 2.00
2021-12-31 3.91 8.00
2020-12-31 4.14 3.00
2020-03-27
DB:TSP Past Annualized Dividends Data
Date (Data in R$) Dividend per share (annual) Avg. Yield (%)
2020-02-19 3.533 6.627
2019-04-17 4.288 8.097
2018-10-30 3.421 7.277
2018-07-30 0.489 1.230
2018-07-25 0.489 1.155
2018-02-21 2.815 5.924
2017-02-21 2.496 5.173
2016-02-24 2.083 4.696
2015-02-25 4.448 10.830
2015-02-24 4.448 8.299
2014-05-08 3.362 7.098
2014-02-26 3.362 7.373
2013-02-25 3.924 8.076
2012-11-06 2.839 5.841
2012-03-13 5.518 11.248
2012-02-16 5.518 10.626
2011-03-03 4.159 8.984
2011-02-16 4.159 10.277
2011-02-07 4.159 10.508
2010-03-26 2.997 7.752
2010-02-11 2.997 7.590
2009-04-13 5.182 11.812

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 Telefônica Brasil's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.6x coverage).
X
Income/ dividend checks
We assess Telefônica Brasil'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 Telefônica Brasil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Telefônica Brasil 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 Telefônica Brasil'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 Mauad Gebara
AGE 45
TENURE AS CEO 1.2 years
CEO Bio

Mr. Christian Mauad Gebara serves as Chief Executive Officer of Telefónica Brasil, S.A. (Telefónica Brasil) since 2019 and also serves as its Chairman. Christian holds a degree in Business Administration from the Getúlio Vargas Foundation - São Paulo and an MBA from the Graduate School of Business - Stanford University. He joined Telefónica in June 2006 as Director of Quality and Processes, Telefónica España. In 2008 he assumed the position of Director in the area of Strategy and Regulation in TISA. Previous experience includes Citibank, Banco ABC Roma in Sao Paulo, JP Morgan Chase in New York and McKinsey & Company in Spain. In 2011, with the integration of Telefónica Vivo, he became Vice President of Strategy and New Businesses and one year later (2012) Vice-President of Mobile Business. In January 2015, after the merger with GVT, he became CRO (Chief Revenue Officer) and then as COO responsible for all business areas (B2C, B2B and wholesale), operating areas (Networks, IT and Customer Service) and areas of Innovation and Digital.

CEO Compensation
  • Insufficient data for Christian to compare compensation growth.
  • Insufficient data for Christian to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Telefônica Brasil management team in years:

1.8
Average Tenure
45
Average Age
  • The average tenure for the Telefônica Brasil management team is less than 2 years, this suggests a new team.
Management Team

Christian Mauad Gebara

TITLE
CEO & Director
AGE
45
TENURE
1.2 yrs

David Sanchez-Friera

TITLE
Chief Financial & Investor Relations Officer
AGE
49
TENURE
4 yrs

Luis Carlos Da Plaster

TITLE
Investor Relations Director

Breno Rodrigo de Oliveira

TITLE
General Secretary & Legal Officer
AGE
44

Paula França Mansur

TITLE
Chief Audit Officer
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Telefônica Brasil board of directors in years:

3.8
Average Tenure
63.5
Average Age
  • The tenure for the Telefônica Brasil board of directors is about average.
Board of Directors

Eduardo Navarro de Carvalho

TITLE
Chairman of the Board
AGE
56
TENURE
3.8 yrs

Christian Mauad Gebara

TITLE
CEO & Director
AGE
45
TENURE
1.2 yrs

Antonio Carlos Valente da Silva

TITLE
Director
AGE
66
TENURE
3.9 yrs

Francisco Javier de Paz Mancho

TITLE
Director
AGE
61
TENURE
12.1 yrs

José del Rey Osorio

TITLE
Independent Director
AGE
67
TENURE
3.2 yrs

Juan Carlos Ros Brugueras

TITLE
Director
AGE
58
TENURE
0.1 yrs

Narcis Serra Serra

TITLE
Independent Director
AGE
75
TENURE
15.2 yrs

Luiz Fernando Furlán

TITLE
Director
AGE
73
TENURE
12.1 yrs

Sônia Júlia Villalobos

TITLE
Director
AGE
56
TENURE
3.9 yrs

Julio Esteban Lopez

TITLE
Director
AGE
72
TENURE
2.5 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 Telefônica Brasil'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. Telefônica Brasil 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

Telefônica Brasil S.A. provides mobile and fixed telecommunications services to residential and corporate customers in Brazil. Its fixed line services portfolio includes local, domestic long-distance, and international long-distance calls; and mobile portfolio comprises voice and broadband Internet access through 3G, 4G, and 4.5G, as well as mobile value-added services and wireless roaming services. The company also offers data services, including broadband and mobile data services. In addition, it provides pay TV services through direct to home satellite technology, IPTV, and cable, as well as pay-per-view and video on demand services; network services, such as rental of facilities; other services comprising Internet access, private network connectivity, computer equipment leasing, extended, caller identification, voice mail, cellular blocker, and others; wholesale services, including interconnection services to users of other network providers; and digital services, such as entertainment, cloud, and financial services. Further, the company offers multimedia communication services, which include audio, data, voice and other sounds, images, texts, and other information, as well as sells devices, such as smartphones, broadband USB modems, and other devices. Additionally, it provides telecommunications solutions and IT support to various industries, such as retail, manufacturing, services, financial institutions, government, etc. Telefônica Brasil S.A. markets and sells its solutions through own stores, dealers, retail and distribution channels, door-to-door sales, and telesales. The company was formerly known as Telecomunicações de São Paulo S.A. - TELESP and changed its name to Telefônica Brasil S.A. in October 2011. The company was incorporated in 1998 and is headquartered in São Paulo, Brazil. Telefônica Brasil S.A. operates as a subsidiary of SP Telecomunicações Participações Ltda

Details
Name: Telefônica Brasil S.A.
TSP
Exchange: DB
Founded: 1998
R$14,955,297,685
1,688,693,776
Website: http://www.telefonica.com.br
Address: Telefônica Brasil S.A.
Avenida Engenheiro Luis Carlos Berrini, 1376,
32º andar,
São Paulo,
São Paulo, 04571-936,
Brazil
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BOVESPA VIVT4 Preferred Shares Bolsa de Valores de Sao Paulo BR BRL 29. Sep 1998
NYSE VIV SPONSORED ADR New York Stock Exchange US USD 16. Nov 1998
BOVESPA VIVT3 Common Shares Bolsa de Valores de Sao Paulo BR BRL 29. Sep 1998
DB TSP SPONSORED ADR Deutsche Boerse AG DE EUR 16. Nov 1998
BMV VIV N SPONSORED ADR Bolsa Mexicana de Valores MX MXN 16. Nov 1998
Number of employees
Current staff
Staff numbers
32,793
Telefônica Brasil employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/27 22:13
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/19
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.