TEL2-B Stock Analysis: Tele2 (publ) | ST
Telecom Services | ST, Sweden | Market Cap: 113.401m SEK | 12M Return: 15.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 303M
EPS Trend: 95.2%
Qual. Beats: -2
Rev. Trend: 97.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Tele2 AB (publ) is a Swedish-headquartered telecommunications operator listed on Nasdaq Stockholm under the ticker TEL2-B, providing fixed and mobile connectivity, entertainment, and a broad suite of business communication services across Sweden, Lithuania, Latvia, and Estonia. Its consumer offerings include mobile telephony, mobile data, fixed broadband, telephony, and linear and streaming entertainment, while its enterprise portfolio spans cloud, IT, network, security, unified communications, and workplace collaboration services.
The company also operates a connectivity-enabler business supplying wholesale and IoT services such as single and dual IMSI SIM solutions, on-demand roaming, eSIM delivery, routing and termination of international voice traffic, and application-to-person messaging. Tele2 is classified within the Communication Services sector (Alternative Carriers sub-industry) under the GICS framework. The company was founded in 1990 as NetCom AB and adopted its current name in February 2001; it is headquartered in Kista, Sweden.
- Baltic subscriber growth drives consolidated margin expansion
- Swedish mobile ARPU under pressure from Telia and Tre competition
- Share buybacks and dividends remain core capital allocation focus
| Net Income: 10.1b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 0.48 > 1.0 |
| NWC/Revenue: -13.54% < 20% (prev -27.29%; Δ 13.74% < -1%) |
| CFO/TA 0.17 > 3% & CFO 11.4b > Net Income 10.1b |
| Net Debt (34.4b) to EBITDA (18.5b): 1.85 < 3 |
| Current Ratio: 0.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (698.5m) vs 12m ago 0.27% < -2% |
| Gross Margin: 43.28% > 18% (prev 43.61%; Δ -0.32% > 0.5%) |
| Asset Turnover: 46.05% > 50% (prev 46.69%; Δ -0.64% > 0%) |
| Interest Coverage Ratio: 12.34 > 6 (EBIT TTM 12.3b / Interest Expense TTM 996.0m) |
| A: -0.06 (Total Current Assets 9.38b - Total Current Liabilities 13.5b) / Total Assets 67.5b |
| B: -0.08 (Retained Earnings -5.66b / Total Assets 67.5b) |
| C: 0.19 (EBIT TTM 12.3b / Avg Total Assets 65.4b) |
| D: 0.51 (Book Value of Equity 22.7b / Total Liabilities 44.7b) |
| Altman-Z'' = 1.13 = BB |
| DSRI: 0.92 (Receivables 4.97b/5.30b, Revenue 30.1b/29.6b) |
| GMI: 1.01 (GM 43.61% / 43.28%) |
| AQI: 0.92 (AQ_t 0.61 / AQ_t-1 0.67) |
| SGI: 1.02 (Revenue 30.1b / 29.6b) |
| TATA: -0.02 (NI 10.1b - CFO 11.4b) / TA 67.5b) |
| Beneish M = -3.12 (Cap -4..+1) = AA |
As of July 28, 2026, the stock is trading at SEK 165.60 with a total of 2,791,166 shares traded. Over the past week, the price has changed by +4.91%, over one month by -4.64%, over three months by -8.20% and over the past year by +15.57%.
Current recommended Stop Loss: 160.90 (which is 2.8% or 1.4 ATR below the current price).
Tele2 (publ) has no consensus analysts rating.
P/E Trailing = 11.2914
P/E Forward = 22.6244
P/S = 3.7651
P/B = 4.925
P/EG = 4.2187
Revenue TTM = 30.1b SEK
EBIT TTM = 12.3b SEK
EBITDA TTM = 18.5b SEK
Long Term Debt = 21.3b SEK (from longTermDebt, last quarter)
Short Term Debt = 3.52b SEK (from shortTermDebt, last quarter)
Debt = 37.9b SEK (from shortLongTermDebtTotal, last quarter) + Leases 7.20b
Net Debt = 34.4b SEK (calculated: Debt 37.9b - CCE 3.59b)
Enterprise Value = 148b SEK (113b + Debt 37.9b - CCE 3.59b)
Interest Coverage Ratio = 12.34 (Ebit TTM 12.3b / Interest Expense TTM 996.0m)
EV/FCF = 19.10x (Enterprise Value 148b / FCF TTM 7.74b)
FCF Yield = 5.24% (FCF TTM 7.74b / Enterprise Value 148b)
FCF Margin = 25.68% (FCF TTM 7.74b / Revenue TTM 30.1b)
Net Margin = 33.58% (Net Income TTM 10.1b / Revenue TTM 30.1b)
Gross Margin = 43.28% ((Revenue TTM 30.1b - Cost of Revenue TTM 17.1b) / Revenue TTM)
Gross Margin QoQ = 43.36% (prev 43.90%)
Tobins Q-Ratio = 2.19 (Enterprise Value 148b / Total Assets 67.5b)
Interest Expense / Debt = 2.62% (Interest Expense 996.0m / Debt 37.9b)
Taxrate = 10.56% (1.19b / 11.3b)
NOPAT = 11.0b (EBIT 12.3b * (1 - 10.56%))
Current Ratio = 0.70 (Total Current Assets 9.38b / Total Current Liabilities 13.5b)
Debt / Equity = 1.67 (Debt 37.9b / totalStockholderEquity, last quarter 22.7b)
Debt / EBITDA = 1.85 (Net Debt 34.4b / EBITDA 18.5b)
Debt / FCF = 4.44 (Net Debt 34.4b / FCF TTM 7.74b)
Total Stockholder Equity = 23.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.46% (Net Income 10.1b / Total Assets 67.5b)
RoE = 42.66% (Net Income TTM 10.1b / Total Stockholder Equity 23.7b)
RoCE = 27.30% (EBIT 12.3b / Capital Employed (Equity 23.7b + L.T.Debt 21.3b))
RoIC = 19.63% (NOPAT 11.0b / Invested Capital 56.0b)
WACC = 4.62% (E(113b)/V(151b) * Re(5.38%) + D(37.9b)/V(151b) * Rd(2.62%) * (1-Tc(0.11)))
Discount Rate = 5.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 67.17 | Cagr: 0.15%
[DCF] Terminal Value 76.79% ; FCFF base≈7.43b ; Y1≈8.14b ; Y5≈10.3b
[DCF] Fair Price = 179.6 (EV 157b - Net Debt 34.4b = Equity 123b / Shares 683.8m; r=8.35% [WACC [floored]]; 5y FCF grow 11.13% → 2.50% )
EPS Correlation: 95.20 | EPS CAGR: 14.27% | SUE: -3.84 | # QB: -2
Revenue Correlation: 97.36 | Revenue CAGR: 1.33% | SUE: 0.06 | # QB: 0
EPS current Quarter (2026-09-30): EPS=3.15 | Chg30d=-14.40% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=8.73 | Chg30d=+1.33% | Revisions=+0% | GrowthEPS=+20.1% | GrowthRev=+1.5%
EPS next Year (2027-12-31): EPS=8.73 | Chg30d=+1.64% | Revisions=+0% | GrowthEPS=-0.0% | GrowthRev=+2.1%
[Analyst] Revisions Ratio: +12% (up=3, down=2)