As of 2025-05-19, the Intrinsic Value of Telefonica SA (TEF.MC) is 4.02 EUR. This TEF.MC valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 4.43 EUR, the upside of Telefonica SA is -9.4%.

The range of the Intrinsic Value is 1.45 - 8.98 EUR.

Is TEF.MC undervalued or overvalued?

Based on its market price of 4.43 EUR and our intrinsic valuation, Telefonica SA (TEF.MC) is overvalued by 9.4%.

4.43 EUR

Stock Price

4.02 EUR

Intrinsic Value

Intrinsic Value Details

TEF.MC Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	1.45 - 8.98	4.02	-9.4%
DCF (Growth Exit 10Y)	3.4 - 12.27	6.43	45.1%
DCF (EBITDA Exit 5Y)	0.59 - 2.73	1.48	-66.7%
DCF (EBITDA Exit 10Y)	1.89 - 4.65	3.05	-31.2%
Peter Lynch Fair Value	-0.22 - -0.22	-0.22	-104.87%
P/E Multiples	(0.12) - 3.05	1.00	-77.5%
EV/EBITDA Multiples	1.29 - 4.11	2.94	-33.7%
Dividend Discount Model - Multi Stages	2.18 - 3.98	2.84	-35.9%

TEF.MC Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
Orange SA	13.25 - 30.3	19.57	53.7%
Swisscom AG	411.82 - 1,254.73	669.65	21.3%
Telenor ASA	146.54 - 273.1	193.97	26.0%
Koninklijke KPN NV	1.48 - 8.45	3.00	-26.5%
Telia Company AB	27.59 - 103.03	47.51	30.8%
Telecom Italia SpA	(0.07) - 2.44	0.23	-40.2%
Telefonica Deutschland Holding AG	0.63 - 5.03	1.61	-33.7%
Hellenic Telecommunications Organization SA	13.68 - 25.23	17.65	4.9%
Telekom Austria AG	11.2 - 22.11	15.02	49.9%
Proximus NV	12.17 - 24.4	16.96	138.3%

TEF.MC Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	25,136
Beta	0.69
Outstanding shares (mil)	5,670
Enterprise Value (mil)	64,159

Market risk premium	7.9%
Cost of Equity	8.9%
Cost of Debt	5.5%
WACC	5.6%