Vodafone

VOD 232.6p 0.0  0.0%
27/05/16 10.00k
Market Cap £61.78bn
Enterprise Value £94.12bn
Revenue £40.97bn
Value 75
Quality 25
StockRank 53

Momentum
Relative Strength (%)
1m +4.8%
3m +3.9%
1yr +1.7%
Volume Change (%)
10d v 3m -4.51%
Price vs... (%)
52w High -37.7%
50d MA +3.87%
200d MA +6.24%
vs.
market
vs.
industry
Growth & Value
12m Forecast Rolling
PE Ratio (f) 39.5
PEG Ratio (f) n/a
EPS Growth (f) n/a %
Dividend Yield (f) 4.99 %
Valuation (ttm)
Price to Book Value 0.94
Price to Tang. Book 3.23
Price to Free Cashflow n/a
Price to Sales 1.51
EV to EBITDA 70.6
Margin of Safety (beta)
Screens Passed 1
vs.
market
vs.
industry
Quality
Return on Capital 1.37 %
Return on Equity -6.10 %
Operating Margin 3.36 %
Balance Sheet · Income Statement · Cashflow Financial Summary
Year End 31st Mar 2011 2012 2013 2014 2015 2016 2017E 2018E CAGR / Avg
Revenue £m 45,884 38,821 38,041 38,346 42,227 40,973 43,048 43,996 -2.2%
Operating Profit £m 5,596 5,618 -2,202 -3,913 1,967 1,377 -24.5%
Net Profit £m 7,968 6,948 413 59,254 5,761 -4,024 1,453 1,935
EPS Reported p 27.7 12.1 -15.7 41.8 21.4 -15.1
EPS Normalised p 45.7 24.8 3.93 60.7 22.0 -13.4 5.60 7.40
EPS Growth % +21.5 -45.8 -84.1 +1,444 -63.8 +32.1
PE Ratio x n/a 41.5 31.4
PEG x n/a 1.29 1.40
Profitability
Operating Margin % 12.2 14.5 -5.8 -10.2 4.7 3.4 +3.1%
ROA % 2.3 -3.0 8.6 4.7
ROCE % 4.5 4.9 -2.0 -4.0 2.1 1.4 +1.1%
ROE % 4.1 -5.7 15.7 8.3 -6.1 +3.3%
Cashflow
Op. Cashflow ps p 41.7 36.9 32.9 23.3 36.5 39.3 -1.2%
Capex ps p 30.0 21.3 28.8 25.2 33.4 44.4 +8.1%
Free Cashflow ps p 11.7 15.6 4.13 -1.86 3.12 -5.14
Last ex-div: 9th Jun, paid: 3rd Aug more... Dividends
Dividend ps p 16.3 17.5 18.7 13.9 11.2 11.5 11.6 11.8 -6.8%
Dividend Growth % +7.10 +6.97 +7.04 -25.4 -19.5 +2.05 +0.96 +2.28
Dividend Yield % 4.92 4.97 5.08
Dividend Cover x 1.70 0.70 -0.84 3.00 1.91 -1.32 0.49 0.63
Balance Sheet
Cash etc £m 6,926 8,461 12,881 14,553 10,737 14,438 +15.8%
Working Capital £m -10,072 -4,000 -6,720 -317 -9,050 -5,251
Net Fixed Assets £m 65,659 60,037 72,536 50,430 59,236 58,801 -2.2%
Net Debt £m 27,696 25,147 22,922 10,809 19,836 30,909
Book Value £m 87,555 76,935 71,477 70,802 66,145 65,885 -5.5%
Average Shares m 28,771 27,938 26,831 26,682 26,629 26,692 -1.5%
Book Value ps p 311.2 284.1 267.9 267.8 249.5 248.5 -4.4%

FINANCIAL BRIEF: For the fiscal year ended 31 March 2016, Vodafone Group plc revenues decreased 3% to L40.97B. Net loss before extraordinary items totaled L4.02B vs. income of L5.7B. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Impairment losses increase from L0K to L450M (expense), Selling and distribution expenses increase of 3% to L3.57B (expense). more »

Health Trend
Bankruptcy Risk
Earnings Manipulation Risk
1809     43%    C-
Magic Formula Score
C-
C-
Other Ratios
Leverage (ttm) Total Ex Intang
Gross Gearing % 68.8 237.2
Net Gearing % 46.9 161.7
Cash / Assets % 10.8
Liquidity (ttm)
Curr. Ratio 0.85
Quick Ratio 0.83
Interest Cov. 0.76
Efficiency (ttm)
Asset Turnover 0.33
Rec's Turnover 4.84
Stock Turnover 58.1
vs.
market
vs.
industry
Recent History
Latest interim period (ended 31st Mar '16) vs. prior year
Sales Growth -3.58 %
EPS Growth n/a %
3yr Compound Annual Growth Rate
Sales Growth 2.51 %
EPS Growth n/a %
DPS Growth -15.1 %
Graphical History Current Fiscal Year 2017

Broker Forecasts
31st Mar 2017
31st Mar 2018

Price Target: 2.47
(+6.21% above Price)
Net Profit EPS DPS Net Profit EPS DPS
Est. Long Term Growth Rate: +17.4% (£) (p) (p) (£) (p) (p)
Consensus Estimate 1.45bn 5.62 11.5 1.93bn 7.40 11.8
1m Change -53.3m -0.071 +0.076 -10.7m +0.047 +0.020
3m Change -4.74m -0.021 +0.064 +43.6m +0.086 +0.006
23 brokers Broker Consensus Trend
Broker Recommendations for Vodafone
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts: 0 2 8 12 7

Named Brokers and Analysts
Stifel Nicolaus and Company, Incorporated , Jefferies Jerry Dellis , Credit Suisse Justin Funnell , Nomura Securities James Britton , Santander GCB John Davies , Natixis Jacques de Greling Eric Beaudet , Mirabaud Securities William Draper , Macquarie Research Guy Peddy , Societe Generale Ottavio Adorisio , ESN/Banca Akros Andrea De Vita , Berenberg Paul Marsch , Oddo Securities Vincent Maulay , Edelweiss Capital Ltd , Hamburger Sparkasse (HASPA) Tina Hecking , Charles Stanley Tom Gidley-Kitchin , Raymond James Europe RJEE/RJFI Stephane Beyazian , Haitong Research (UK) John Karidis , Morningstar, Inc. Allan C. Nichols , Day by Day Valérie GASTALDY , Landesbank Baden-Wuerttemberg Bettina Deuscher , Liberum Lawrence Sugarman , and 1 unnamed other

Profile Summary

Vodafone Group Plc (Vodafone) is a mobile communications company which provides services to mobile voice, messaging, data and fixed line. The Company’s money transfer service, M-Pesa, enables people in emerging markets, to send and receive money through a mobile phone. The Company also has products such as international money transfer, savings and loans, salary disbursements and access to insurance products in different markets. Vodafone Red offers consumers and businesses a package with mobile data allowances, unlimited calls and texts, plus cloud and back-up services to secure personal data. Vodafone Cloud allows customers to store their personal digital content, such as contacts, photos and videos in the Vodafone network and to access it on the move from any connected device. Vodafone OneNet integrates landlines and mobiles providing a communication solution. Vodafone Secure Device Manager gives customer a way to manage many of their smart devices.

Directors: Vittorio Colao (CEO) 53, Nicholas Read (CFO) 49, Paolo Bertoluzzo (CEX) 48, Philipp Humm (CEX) 55, Serpil Timuray (CEX) 45, Johan Wibergh (CTO) 52, Rosemary Martin (GCN) 55, Ronald Schellekens (DHR) 51, Warren Finegold (OTH) 58, Nicholas Jeffery (OTH) 42, Gerard Kleisterlee (NEC) 69, Crispin Davis (NED) 66, Mathias Dopfner (NED) , Clara Furse (NED) 58, Valerie Gooding (NED) 64,

No. of Employees: 101,443 No. of Shareholders: n/a


Last Annual March 31st, 2016
Last Interim March 31st, 2016
Incorporated July 17, 1984
Public Since October 26, 1988
Shares in Issue 26,560,376,597
Free Float 26.50bn (99.8%)

VOD Share Price Performance VODQuote
232.6p
0.0  0.0%
Traded 5:11pm · Minimum 15 min delayed · NMS: 10.00k

Latest VOD News Announcements (delayed)

Upcoming VOD Events
Wednesday 1st June, 2016
Vodafone Group PLC at Berenberg TMT Conference
Wednesday 8th June, 2016
Dividend For VOD
Thursday 9th June, 2016
Dividend For VOD.L
Friday 22nd July, 2016
Q1 2016 Vodafone Group PLC Trading Statement Release
Friday 29th July, 2016
Vodafone Group PLC Annual Shareholders Meeting
Tuesday 15th November, 2016
Half Year 2016 Vodafone Group PLC Earnings Release

Recent ↓
Tuesday 17th May, 2016
Full Year 2015 Vodafone Group PLC Earnings Presentation
Tuesday 17th May, 2016
Full Year 2015 Vodafone Group PLC Earnings Release
Monday 7th March, 2016
Vodafone Group PLC at Deutsche Bank Media, Internet & Telecom Conference
Friday 19th February, 2016
Vodafone Group PLC Convertible Offering Pricing
Tuesday 16th February, 2016
Vodafone Group PLC and Liberty Global to Merge Their Dutch Operations Call
Thursday 4th February, 2016
Q3 2015 Vodafone Group PLC Trading Statement Presentation
Thursday 4th February, 2016
Q3 2015 Vodafone Group PLC Trading Statement Release
Thursday 19th November, 2015
Dividend For VOD.L
Thursday 19th November, 2015
Vodafone Group PLC Convertible Offering Filing
Wednesday 18th November, 2015
Dividend For VOD.L
Wednesday 18th November, 2015
Dividend For VOD
Wednesday 18th November, 2015
Dividend For VOD.BA
Tuesday 10th November, 2015
Half Year 2015 Vodafone Group PLC Earnings Presentation
Tuesday 10th November, 2015
Half Year 2015 Vodafone Group PLC Earnings Release
Thursday 1st October, 2015
Vodafone Group PLC Investor Briefing: Delivering 5G
Monday 14th September, 2015
Vodafone Group PLC at Credit Suisse European Telecoms Conference
Tuesday 28th July, 2015
Vodafone Group PLC Annual Shareholders Meeting
Friday 24th July, 2015
Vodafone Group PLC Trading Statement for the quarter ended 30 June 2015 Presentation
Friday 24th July, 2015
Vodafone Group PLC Trading Statement for the quarter ended 30 June 2015
Tuesday 16th June, 2015
Vodafone Group PLC Investor Day: Vodafone Spain


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