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Tele2

OTCPK:TLTZ.F
Snowflake Description

Acceptable track record with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TLTZ.F
OTCPK
SEK94B
Market Cap
  1. Home
  2. US
  3. Telecom
Company description

Tele2 AB (publ), a telecom operator, provides telecommunication services for residential and business customers. The last earnings update was 14 days ago. More info.


Add to Portfolio Compare Print
TLTZ.F Share Price and Events
7 Day Returns
0%
OTCPK:TLTZ.F
2.2%
US Wireless Telecom
2.4%
US Market
1 Year Returns
-
OTCPK:TLTZ.F
15.7%
US Wireless Telecom
-10%
US Market
TLTZ.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tele2 (TLTZ.F) 0% -17.1% - - 30.4% 4.3%
US Wireless Telecom 2.2% -4.7% 10.3% 15.7% 12.3% 70.1%
US Market 2.4% -11% -19.4% -10% 9.6% 21.1%
1 Year Return vs Industry and Market
  • No trading data on TLTZ.F.
  • No trading data on TLTZ.F.
Price Volatility
TLTZ.F
Industry
5yr Volatility vs Market

Value

 Is Tele2 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 Tele2 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 Tele2.

OTCPK:TLTZ.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 OTCPK:TLTZ.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.248 (1 + (1- 22%) (32.88%))
0.539
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)
= 1.74% + (0.8 * 5.44%)
6.09%

Discounted Cash Flow Calculation for OTCPK:TLTZ.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tele2 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.

OTCPK:TLTZ.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 6.09%)
2020 5,342.70 Analyst x9 5,035.91
2021 6,284.99 Analyst x8 5,583.92
2022 7,118.18 Analyst x7 5,961.03
2023 6,559.67 Analyst x3 5,177.87
2024 6,773.33 Analyst x3 5,039.52
2025 6,872.97 Est @ 1.47% 4,820.02
2026 6,979.61 Est @ 1.55% 4,613.74
2027 7,091.86 Est @ 1.61% 4,418.74
2028 7,208.71 Est @ 1.65% 4,233.64
2029 7,329.49 Est @ 1.68% 4,057.39
Present value of next 10 years cash flows SEK48,941.00
OTCPK:TLTZ.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK7,329.49 × (1 + 1.74%) ÷ (6.09% – 1.74%)
SEK171,346.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK171,346.95 ÷ (1 + 6.09%)10
SEK94,852.77
OTCPK:TLTZ.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK48,941.00 + SEK94,852.77
SEK143,793.77
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK143,793.77 / 690.34
SEK208.29
OTCPK:TLTZ.F Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:TLTZ.F represents 0.09076x of OM:TEL2 B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09076x
Value per Share
(Listing Adjusted, USD)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 208.29 x 0.09076
$18.91
Value per share (USD) From above. $18.91
Current discount Discount to share price of $12.42
= -1 x ($12.42 - $18.91) / $18.91
34.3%

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

Current Discount
Amount off the current price Tele2 is available for.
Intrinsic value
34%
Share price is $12.42 vs Future cash flow value of $18.91
Current Discount Checks
For Tele2 to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tele2's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tele2's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE 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 Tele2's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tele2's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TLTZ.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK3.59
OM:TEL2 B Share Price ** OM (2020-03-24) in SEK SEK136.8
United States of America Wireless Telecom Industry PE Ratio Median Figure of 8 Publicly-Listed Wireless Telecom Companies 20.38x
United States of America Market PE Ratio Median Figure of 2,948 Publicly-Listed Companies 12.95x

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

** Primary Listing of Tele2.

OTCPK:TLTZ.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:TEL2 B Share Price ÷ EPS (both in SEK)

= 136.8 ÷ 3.59

38.06x

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

  • Tele2 is overvalued based on earnings compared to the US Wireless Telecom industry average.
  • Tele2 is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Tele2's expected growth come at a high price?
Raw Data
OTCPK:TLTZ.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 38.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
15.2%per year
United States of America Wireless Telecom Industry PEG Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 1.14x
United States of America Market PEG Ratio Median Figure of 2,010 Publicly-Listed Companies 0.92x

*Line of best fit is calculated by linear regression .

OTCPK:TLTZ.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 38.06x ÷ 15.2%

2.51x

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

  • Tele2 is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Tele2's assets?
Raw Data
OTCPK:TLTZ.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK50.59
OM:TEL2 B Share Price * OM (2020-03-24) in SEK SEK136.8
United States of America Wireless Telecom Industry PB Ratio Median Figure of 14 Publicly-Listed Wireless Telecom Companies 1.46x
United States of America Market PB Ratio Median Figure of 5,162 Publicly-Listed Companies 1.26x
OTCPK:TLTZ.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:TEL2 B Share Price ÷ Book Value per Share (both in SEK)

= 136.8 ÷ 50.59

2.7x

* Primary Listing of Tele2.

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

  • Tele2 is overvalued based on assets compared to the US Wireless Telecom industry average.
X
Value checks
We assess Tele2's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Tele2 has a total score of 1/6, 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 Tele2 expected to perform in the next 1 to 3 years based on estimates from 19 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
15.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tele2 expected to grow at an attractive rate?
  • Tele2's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Tele2's earnings growth is expected to exceed the United States of America market average.
  • Tele2's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TLTZ.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TLTZ.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts 15.2%
OTCPK:TLTZ.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 0.7%
United States of America Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 4%
United States of America Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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
OTCPK:TLTZ.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TLTZ.F Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 28,161 9,768 5,537 3
2023-12-31 28,249 9,798 5,017 4
2022-12-31 28,344 9,698 4,680 13
2021-12-31 28,050 9,298 4,196 19
2020-12-31 27,594 8,764 3,700 19
2020-04-09
OTCPK:TLTZ.F Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 27,659 9,716 2,471
2019-09-30 28,924 8,468 1,428
2019-06-30 27,134 7,668 1,057
2019-03-31 25,453 6,742 1,550
2018-12-31 21,775 5,160 970
2018-09-30 18,420 5,020 2,316
2018-06-30 19,456 5,128 2,396
2018-03-31 20,495 5,615 2,418
2017-12-31 21,466 5,732 2,403
2017-09-30 19,885 5,993 5,281
2017-06-30 20,760 5,769 2,635
2017-03-31 20,709 5,089 2,106

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Tele2's earnings are expected to grow by 15.2% yearly, however this is not considered high growth (20% yearly).
  • Tele2's revenue is expected to grow by 0.7% 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
OTCPK:TLTZ.F 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 19 Analyst Estimates (S&P Global) See Below

All data from Tele2 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TLTZ.F Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 8.00 8.00 8.00 1.00
2023-12-31 7.63 7.80 7.46 2.00
2022-12-31 6.74 10.46 3.84 11.00
2021-12-31 6.11 7.80 3.39 15.00
2020-12-31 5.43 6.75 3.20 16.00
2020-04-09
OTCPK:TLTZ.F Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 3.59
2019-09-30 2.13
2019-06-30 1.70
2019-03-31 2.69
2018-12-31 1.83
2018-09-30 4.60
2018-06-30 4.75
2018-03-31 4.82
2017-12-31 4.78
2017-09-30 10.69
2017-06-30 5.50
2017-03-31 4.53

*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.
  • Tele2 is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Tele2'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Tele2 has a total score of 2/6, see the detailed checks below.

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

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

Past Performance

  How has Tele2 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 Tele2's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Tele2's year on year earnings growth rate has been positive over the past 5 years.
  • Tele2's 1-year earnings growth exceeds its 5-year average (154.7% vs 1.1%)
  • Tele2's earnings growth has exceeded the US Wireless Telecom industry average in the past year (154.7% vs -10.4%).
Earnings and Revenue History
Tele2'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 Tele2 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TLTZ.F 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 27,659.00 2,471.00 6,522.00
2019-09-30 28,924.00 1,428.00 7,101.00
2019-06-30 27,134.00 1,057.00 6,737.00
2019-03-31 25,453.00 1,550.00 6,350.00
2018-12-31 21,775.00 970.00 5,556.00
2018-09-30 18,420.00 2,316.00 5,185.00
2018-06-30 19,456.00 2,396.00 5,480.00
2018-03-31 20,495.00 2,418.00 5,766.00
2017-12-31 21,466.00 2,403.00 5,963.00
2017-09-30 19,885.00 5,281.00 4,509.00
2017-06-30 20,760.00 2,635.00 4,838.00
2017-03-31 20,709.00 2,106.00 5,162.00
2016-12-31 18,131.00 2,093.00 5,191.00
2016-09-30 26,164.00 -1,742.00 7,617.00
2016-06-30 26,281.00 833.00 7,779.00
2016-03-31 26,791.00 1,122.00 7,774.00
2015-12-31 19,338.00 1,512.00 5,570.00
2015-09-30 26,789.00 1,717.00 7,939.00
2015-06-30 26,582.00 2,046.00 7,757.00
2015-03-31 26,314.00 2,558.00 7,781.00
2014-12-31 25,955.00 2,626.00 7,795.00
2014-09-30 25,664.00 2,409.00 7,685.00
2014-06-30 25,580.00 1,565.00 7,832.00
2014-03-31 25,661.00 1,113.00 7,823.00
2013-12-31 25,757.00 968.00 7,789.00
2013-09-30 27,045.00 907.00 8,267.00
2013-06-30 28,194.00 1,308.00 8,783.00

*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.
  • Tele2 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tele2 used its assets less efficiently than the US Wireless Telecom industry average last year based on Return on Assets.
  • Tele2's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tele2's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Tele2 has a total score of 3/6, see the detailed checks below.

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

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

Health

 How is Tele2'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 Tele2's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tele2's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tele2's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tele2'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.
  • Low level of unsold assets.
  • 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 Tele2 Company Filings, last reported 3 months ago.

OTCPK:TLTZ.F Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 34,805.00 25,401.00 448.00
2019-09-30 34,129.00 25,399.00 607.00
2019-06-30 37,039.00 25,134.00 3,715.00
2019-03-31 37,491.00 26,201.00 916.00
2018-12-31 36,362.00 28,291.00 405.00
2018-09-30 16,989.00 12,420.00 1,215.00
2018-06-30 16,702.00 12,525.00 318.00
2018-03-31 18,123.00 11,033.00 444.00
2017-12-31 17,132.00 11,288.00 804.00
2017-09-30 16,651.00 12,410.00 1,071.00
2017-06-30 16,377.00 12,818.00 321.00
2017-03-31 18,657.00 11,354.00 759.00
2016-12-31 18,473.00 10,984.00 257.00
2016-09-30 15,308.00 12,302.00 1,193.00
2016-06-30 17,404.00 12,035.00 181.00
2016-03-31 19,464.00 9,723.00 217.00
2015-12-31 18,438.00 10,004.00 107.00
2015-09-30 18,285.00 10,950.00 241.00
2015-06-30 18,029.00 11,533.00 345.00
2015-03-31 24,426.00 7,286.00 2,923.00
2014-12-31 22,682.00 8,329.00 151.00
2014-09-30 21,640.00 9,364.00 458.00
2014-06-30 21,064.00 9,750.00 567.00
2014-03-31 21,969.00 8,353.00 636.00
2013-12-31 21,591.00 8,681.00 1,348.00
2013-09-30 20,884.00 9,438.00 1,074.00
2013-06-30 21,293.00 9,685.00 792.00
  • Tele2's level of debt (73%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (36.6% vs 73% today).
  • Debt is well covered by operating cash flow (38.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.5x coverage).
X
Financial health checks
We assess Tele2'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. Tele2 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.

Dividends

 What is Tele2'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
4.02%
Current annual income from Tele2 dividends. Estimated to be 6.12% next year.
If you bought $2,000 of Tele2 shares you are expected to receive $80 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?
  • Tele2's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.93%).
  • Tele2's dividend is below the markets top 25% of dividend payers in United States of America (5.46%).
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
OTCPK:TLTZ.F 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 19 Analyst Estimates (S&P Global) See Below
United States of America Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 7.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1935 Stocks 2.9%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

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

OTCPK:TLTZ.F Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 11.50 1.00
2023-12-31 8.12 2.00
2022-12-31 8.23 15.00
2021-12-31 8.18 12.00
2020-12-31 8.55 11.00
2020-04-09
OTCPK:TLTZ.F Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-03-26 5.500 4.111
2020-02-03 5.500 4.009
2019-04-05 4.400 3.228
2018-04-17 4.000 3.547
2017-04-04 5.230 5.451
2016-04-19 5.350 7.184
2015-04-16 4.850 5.738
2014-05-12 4.400 4.918
2013-10-22 4.400 5.702
2013-05-13 7.100 8.579
2012-03-30 13.000 11.480
2012-02-07 13.000 9.930
2011-04-14 27.000 20.687
2010-02-09 5.850 4.472
2009-05-11 5.000 5.357

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 increased over the past 10 years.
Current Payout to shareholders
What portion of Tele2's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.9x coverage).
X
Income/ dividend checks
We assess Tele2's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Tele2 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tele2 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 Tele2'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
Anders Nilsson
COMPENSATION SEK2,700,000
AGE 52
TENURE AS CEO 1.4 years
CEO Bio

Mr. Anders Nilsson has been the President and Chief Executive Officer of Tele2 AB (publ) since November 05, 2018. He has been Chief Executive Officer of NorCell Sweden Holding 2 AB (publ), Com Hem Holding AB (publ), Com Hem AB and NorCell Sweden Holding 3 AB (Publ) since April 2014. Mr. Nilsson joined Com Hem in April 2014. Prior to joining Millicom, he worked within the MTG group of companies for 20 years. Within the MTG group, he served several executive positions and served, inter alia, as Executive Vice President of Central European Broadcasting. He served as the Chairman of the board of directors of Relevant Traffic Sweden AB, Relevant Traffic Europe AB, Gymgrossisten AB, Engine AB and FTV Prima Holding, a.s. Czech Republic. He served as Executive Vice President of Millicom Services AB. He served as an Executive Vice President of Commerce and Services at Millicom International Cellular SA from January 2013 to March 31, 2014. Mr. Nilsson served as an Executive Vice President of Central Europen Broadcasting at Modern Times Group Mtg AB from October 2011 to December 31, 2012. He served as the Chief Executive Officer of MTGs Online Business Area at Modern Times Group Mtg AB from January 2008 to 2010. He served as the Managing Director, Sweden of Modern Times Group MTG AB. He served as the Chief Operating Officer of Modern Times Group MTG AB since January 2008. He served as the Head of Free-TV Bulgaria and Head of Free-TV of Baltic region at Modern Times Group MTG AB since October 2008 and February 2009 respectively. He has significant experience of the Swedish media sector, having spent 20 years with the Modern Times Group. He served as Head of Free-TV Slovenia of Modern Times Group MTG AB since March 2010. He served as the Chief Executive Officer of MTG Sweden of Modern Times Group MTG AB., from 2003 to November 2007. He served with MTG Radio from 1992. He served as the President of MTG's radio operations since 1997. Mr. Nilsson served as President of the Publishing business area and Chief Operating Officer since 2000 of MTG. He has been a Director of Com Hem Holding AB (publ) and NorCell Sweden Holding 2 AB (publ) since 2014. He serves as Member of the board of directors of Milvik AB. He has been a Director of NorCell Sweden Holding 3 AB (Publ) since April 9, 2014. He served as a Director of CDON Group AB (alternate name, Qliro Group AB (publ) until May 15, 2011. He served as Member of the board of directors of MTG Holding AB, MTG Publishing AB, Investment Alsergrund AB, Mediainvest Holding AS Estonia, Agentsia Eva OOD Bulgaria, UAB Tele-3 Lithuania, TV3 Latvia SIA and LNT Latvia SIA. Mr. Nilsson Studied Law from Lund University.

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

Average tenure and age of the Tele2 management team in years:

1.4
Average Tenure
52
Average Age
  • The average tenure for the Tele2 management team is less than 2 years, this suggests a new team.
Management Team

Anders Nilsson

TITLE
President & CEO
COMPENSATION
SEK3M
AGE
52
TENURE
1.4 yrs

Mikael Larsson

TITLE
Executive VP & Group CFO
AGE
51
TENURE
1.4 yrs

Kim Hagberg

TITLE
Executive VP & Chief of Operations
AGE
53
TENURE
1.4 yrs

Marcus Lindberg

TITLE
Head of Investor Relations
TENURE
1.3 yrs

Stefan Backman

TITLE
Executive VP & Group General Counsel
AGE
44
TENURE
1.4 yrs

Joel Ibson

TITLE
Head of Corporate Communications

Jonas Lundquist

TITLE
Marketing Director

Karin Svensson

TITLE
Executive VP and Chief of People & Change
AGE
54
TENURE
1.4 yrs

Jan Berntsson

TITLE
Head of Audit
TENURE
13.9 yrs

Vadim Goncharov

TITLE
Chief Technical Officer of South Macro Region
TENURE
5.8 yrs
Board of Directors Tenure

Average tenure and age of the Tele2 board of directors in years:

1.6
Average Tenure
54
Average Age
  • The average tenure for the Tele2 board of directors is less than 3 years, this suggests a new board.
Board of Directors

Carla Smits-Nusteling

TITLE
Independent Chairman
COMPENSATION
SEK795K
AGE
53
TENURE
0.9 yrs

Andrew Barron

TITLE
Independent Deputy Chairman
COMPENSATION
SEK310K
AGE
54
TENURE
0.9 yrs

Georgi Ganev

TITLE
Board Member
COMPENSATION
SEK2M
AGE
43
TENURE
3.9 yrs

Eva Lindqvist

TITLE
Independent Board Member
COMPENSATION
SEK343K
AGE
61
TENURE
1.4 yrs

Anders Björkman

TITLE
Independent Board Member
COMPENSATION
SEK620K
AGE
60
TENURE
2.9 yrs

Cynthia Gordon

TITLE
Board Member
COMPENSATION
SEK630K
AGE
57
TENURE
3.9 yrs

Lars-Åke Norling

TITLE
Independent Board Member
COMPENSATION
SEK456K
AGE
51
TENURE
1.6 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Tele2 individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Feb 20 Buy Lars-Åke Norling Individual 04. Feb 20 04. Feb 20 1,500 $14.71 $22,061
20. Nov 19 Sell Andrew Barron Individual 19. Nov 19 19. Nov 19 -50,000 $14.57 $-728,654
25. Oct 19 Sell Kim Hagberg Individual 23. Oct 19 23. Oct 19 -2,200 $14.94 $-32,862
13. Sep 19 Buy Thomas Helbo Individual 13. Sep 19 13. Sep 19 3,000 $14.16 $42,495
13. Jun 19 Buy Joel Westin Individual 05. Jun 19 05. Jun 19 1,200 $13.90 $16,681
07. Jun 19 Sell Guillaume Van Gaver Individual 07. Jun 19 07. Jun 19 -10,000 $13.95 $-139,541
07. Jun 19 Buy Joss Delissen Individual 05. Jun 19 05. Jun 19 4,397 $13.59 $59,749
05. Jun 19 Sell Kim Hagberg Individual 05. Jun 19 05. Jun 19 -1,000 $13.77 $-13,769
24. May 19 Sell Guillaume Van Gaver Individual 24. May 19 24. May 19 -10,000 $13.63 $-136,286
22. May 19 Buy Karin Svensson Individual 20. May 19 20. May 19 4,500 $13.31 $59,912
17. May 19 Buy Viktor Wallström Individual 17. May 19 17. May 19 2,500 $13.19 $32,970
15. May 19 Buy Anders Björkman Individual 15. May 19 15. May 19 5,000 $13.02 $65,083
08. May 19 Buy Samuel Skott Individual 08. May 19 08. May 19 1,500 $12.79 $19,186
03. May 19 Sell Guillaume Van Gaver Individual 29. Apr 19 29. Apr 19 -11,162 $13.72 $-153,184
02. May 19 Sell Thomas Björklund Individual 29. Apr 19 29. Apr 19 -7,989 $13.72 $-109,638
02. May 19 Sell Samuel Skott Individual 29. Apr 19 29. Apr 19 -46,789 $13.72 $-642,117
30. Apr 19 Sell Viktor Wallström Individual 29. Apr 19 29. Apr 19 -7,989 $13.72 $-109,638
30. Apr 19 Sell Stefan Backman Individual 29. Apr 19 29. Apr 19 -7,989 $13.72 $-109,638
26. Apr 19 Buy Guillaume Van Gaver Individual 24. Apr 19 24. Apr 19 7,000 $13.44 $94,104
24. Apr 19 Buy Stefan Backman Individual 24. Apr 19 24. Apr 19 2,457 $13.11 $32,202
X
Management checks
We assess Tele2'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. Tele2 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

Tele2 AB (publ), a telecom operator, provides telecommunication services for residential and business customers. The company offers mobile voice telephony, handset data, and messaging services, as well as value-added services, such as handset insurance, antivirus, and content services; mobile broadband services; and fixed voice and broadband, TV, and fixed and mobile telephony services. It also provides business-to-business telecommunication services, such as secure and encrypted connections, company-specific mobile network access points, etc.; cloud services comprising voice switching, data center services, business productivity solutions, etc.; and Internet of things solutions, such as connectivity solutions, APN/VPN connections, SIM cards, professional services, and education and training services. It has operations in Sweden, Lithuania, Latvia, Estonia, and Germany. Tele2 AB (publ) was founded in 1993 and is based in Stockholm, Sweden.

Details
Name: Tele2 AB (publ)
TLTZ.F
Exchange: OTCPK
Founded: 1993
SEK9,406,191,549
690,341,597
Website: http://www.tele2.com
Address: Tele2 AB (publ)
Skeppsbron 18,
PO Box 2094,
Stockholm,
Stockholm County, 103 13,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM TEL2 B Class B Shares OMX Nordic Exchange Stockholm SE SEK 14. May 1996
OTCPK TLTZ.F Class B Shares Pink Sheets LLC US USD 14. May 1996
DB NCYD Class B Shares Deutsche Boerse AG DE EUR 14. May 1996
LSE 0QE6 Class B Shares London Stock Exchange GB SEK 14. May 1996
BATS-CHIXE TEL2BS Class B Shares BATS 'Chi-X Europe' GB SEK 14. May 1996
OTCPK TLTZ.Y UNSPONSORED ADR Pink Sheets LLC US USD 22. Oct 2008
OM TEL2 A Class A Shares OMX Nordic Exchange Stockholm SE SEK 14. May 1996
LSE 0QE5 Class A Shares London Stock Exchange GB SEK 14. May 1996
Number of employees
Current staff
Staff numbers
4,695
Tele2 employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 00:55
End of day share price update: 2020/03/24 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/03/26
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.