The Discounted Cash Flow (DCF) valuation of Telia Company AB (TELIA.ST) is 18.71 SEK. With the latest stock price at 30.55 SEK, the upside of Telia Company AB based on DCF is -38.7%.
Range | Selected | |
WACC / Discount Rate | 4.4% - 7.7% | 6.0% |
Long-term Growth Rate | 1.0% - 3.0% | 2.0% |
Fair Price | 3.31 - 92.45 | 18.71 |
Upside | -89.2% - 202.6% | -38.7% |
(SEK in millions) | Projections | |||||
12-2023 | 12-2024 | 12-2025 | 12-2026 | 12-2027 | 12-2028 | |
Revenue | 88,785 | 86,704 | 92,006 | 98,716 | 103,241 | 105,306 |
% Growth | 2% | -2% | 6% | 7% | 5% | 2% |
Cost of goods sold | (36,477) | (34,909) | (36,303) | (38,172) | (39,123) | (39,108) |
% of Revenue | 41% | 40% | 39% | 39% | 38% | 37% |
Selling, G&A expenses | (17,596) | (17,184) | (18,234) | (19,564) | (20,461) | (20,870) |
% of Revenue | 20% | 20% | 20% | 20% | 20% | 20% |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
% of Revenue | 0% | 0% | 0% | 0% | 0% | 0% |
Net interest & other expenses | (33,607) | (32,819) | (34,826) | (37,366) | (39,079) | (39,861) |
% of Revenue | 38% | 38% | 38% | 38% | 38% | 38% |
Tax expense | (1,099) | (193) | (285) | (390) | (494) | (590) |
Tax rate | 99% | 11% | 11% | 11% | 11% | 11% |
Net profit | 6 | 1,598 | 2,357 | 3,224 | 4,084 | 4,877 |
% Margin | 0% | 2% | 3% | 3% | 4% | 5% |