(VOD) Vodafone - Overview
Stock: Mobile, Fixed, Iot, Cloud, Payments
Dividends
| Dividend Yield | 4.72% |
| Yield on Cost 5y | 3.97% |
| Yield CAGR 5y | -16.77% |
| Payout Consistency | 88.7% |
| Payout Ratio | 104.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 36.7% |
| Relative Tail Risk | -9.83% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.23 |
| Alpha | 83.52 |
| Character TTM | |
|---|---|
| Beta | 0.328 |
| Beta Downside | 0.425 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.93% |
| CAGR/Max DD | 0.70 |
Description: VOD Vodafone December 17, 2025
Vodafone Group PLC (NASDAQ: VOD) is a UK-based multinational telecom operator serving markets in Germany, the United Kingdom, the broader European region, Turkey, and South Africa. The firm offers a full suite of mobile and fixed-line services, alongside connectivity solutions such as IoT platforms, digital services, and financial products like the M-PESA mobile money system.
Beyond consumer connectivity, Vodafone targets enterprise customers across health, finance, logistics, retail, utilities, and agriculture, delivering unified communications, edge computing, cloud-multi-cloud services, and security offerings. The company also monetises infrastructure assets through fibre leasing and shared-operations agreements.
In FY 2023 Vodafone reported €45 bn of revenue, a 3.2 % year-over-year decline, and an adjusted EBITDA margin of 27 %, reflecting ongoing cost-efficiency programmes. The group’s mobile subscriber base stood at roughly 225 million, with 5G coverage now reaching 60 % of its European population-a key metric for future ARPU growth. Capital expenditure for network expansion was €7.5 bn, driven largely by 5G rollout and edge-computing investments.
Key economic and sector drivers include: (1) the pace of 5G adoption, which directly influences data-intensity and premium pricing; (2) regulatory spectrum fees and the EU’s digital services tax, which affect net margins; and (3) macro-level consumer spending trends in Europe, where inflationary pressures can suppress discretionary telecom spend.
For a deeper quantitative dive, the ValueRay platform’s metric breakdown can help you assess Vodafone’s risk-adjusted upside.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: -1.08b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.16 > 0.02 and ΔFCF/TA 4.90 > 1.0 |
| NWC/Revenue: 6.00% < 20% (prev 2.92%; Δ 3.08% < -1%) |
| CFO/TA 0.23 > 3% & CFO 31.48b > Net Income -1.08b |
| Net Debt (45.52b) to EBITDA (25.47b): 1.79 < 3 |
| Current Ratio: 1.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (2.45b) vs 12m ago -8.54% < -2% |
| Gross Margin: 35.07% > 18% (prev 0.33%; Δ 3474 % > 0.5%) |
| Asset Turnover: 56.40% > 50% (prev 42.35%; Δ 14.05% > 0%) |
| Interest Coverage Ratio: 2.89 > 6 (EBITDA TTM 25.47b / Interest Expense TTM 3.50b) |
Altman Z'' -3.72
| A: 0.04 (Total Current Assets 29.56b - Total Current Liabilities 24.58b) / Total Assets 138.83b |
| B: -0.96 (Retained Earnings -133.41b / Total Assets 138.83b) |
| C: 0.07 (EBIT TTM 10.12b / Avg Total Assets 147.29b) |
| D: -1.23 (Book Value of Equity -98.87b / Total Liabilities 80.59b) |
| Altman-Z'' Score: -3.72 = D |
Beneish M -3.55
| DSRI: 0.58 (Receivables 8.23b/11.28b, Revenue 83.07b/65.96b) |
| GMI: 0.94 (GM 35.07% / 32.96%) |
| AQI: 0.89 (AQ_t 0.55 / AQ_t-1 0.62) |
| SGI: 1.26 (Revenue 83.07b / 65.96b) |
| TATA: -0.23 (NI -1.08b - CFO 31.48b) / TA 138.83b) |
| Beneish M-Score: -3.55 (Cap -4..+1) = AAA |
What is the price of VOD shares?
Over the past week, the price has changed by +3.14%, over one month by +11.68%, over three months by +36.13% and over the past year by +87.56%.
Is VOD a buy, sell or hold?
- StrongBuy: 0
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the VOD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 11.6 | -23% |
| Analysts Target Price | 11.6 | -23% |
| ValueRay Target Price | 18.8 | 24.4% |
VOD Fundamental Data Overview February 03, 2026
P/E Forward = 40.6504
P/S = 0.8845
P/B = 0.5419
P/EG = 0.6057
Revenue TTM = 83.07b EUR
EBIT TTM = 10.12b EUR
EBITDA TTM = 25.47b EUR
Long Term Debt = 37.62b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 7.61b EUR (from shortTermDebt, last fiscal year)
Debt = 57.41b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 45.52b EUR (from netDebt column, last fiscal year)
Enterprise Value = 66.56b EUR (29.06b + Debt 57.41b - CCE 19.90b)
Interest Coverage Ratio = 2.89 (Ebit TTM 10.12b / Interest Expense TTM 3.50b)
EV/FCF = 2.91x (Enterprise Value 66.56b / FCF TTM 22.83b)
FCF Yield = 34.31% (FCF TTM 22.83b / Enterprise Value 66.56b)
FCF Margin = 27.49% (FCF TTM 22.83b / Revenue TTM 83.07b)
Net Margin = -1.30% (Net Income TTM -1.08b / Revenue TTM 83.07b)
Gross Margin = 35.07% ((Revenue TTM 83.07b - Cost of Revenue TTM 53.94b) / Revenue TTM)
Gross Margin QoQ = 37.00% (prev 32.54%)
Tobins Q-Ratio = 0.48 (Enterprise Value 66.56b / Total Assets 138.83b)
Interest Expense / Debt = 1.57% (Interest Expense 903.8m / Debt 57.41b)
Taxrate = 26.47% (598.8m / 2.26b)
NOPAT = 7.44b (EBIT 10.12b * (1 - 26.47%))
Current Ratio = 1.20 (Total Current Assets 29.56b / Total Current Liabilities 24.58b)
Debt / Equity = 1.01 (Debt 57.41b / totalStockholderEquity, last fiscal year 56.98b)
Debt / EBITDA = 1.79 (Net Debt 45.52b / EBITDA 25.47b)
Debt / FCF = 1.99 (Net Debt 45.52b / FCF TTM 22.83b)
Total Stockholder Equity = 59.08b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.73% (Net Income -1.08b / Total Assets 138.83b)
RoE = -1.83% (Net Income TTM -1.08b / Total Stockholder Equity 59.08b)
RoCE = 10.46% (EBIT 10.12b / Capital Employed (Equity 59.08b + L.T.Debt 37.62b))
RoIC = 10.06% (NOPAT 7.44b / Invested Capital 73.94b)
WACC = 3.16% (E(29.06b)/V(86.46b) * Re(7.12%) + D(57.41b)/V(86.46b) * Rd(1.57%) * (1-Tc(0.26)))
Discount Rate = 7.12% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -4.73%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈20.90b ; Y1≈25.78b ; Y5≈43.90b
Fair Price DCF = 526.5 (EV 1278.38b - Net Debt 45.52b = Equity 1232.86b / Shares 2.34b; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: 16.11 | EPS CAGR: -10.97% | SUE: 0.0 | # QB: 0
Revenue Correlation: 17.20 | Revenue CAGR: -0.47% | SUE: 1.13 | # QB: 1
EPS next Year (2027-03-31): EPS=0.80 | Chg30d=+0.002 | Revisions Net=+1 | Growth EPS=+55.1% | Growth Revenue=+5.1%