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⚠️ Not investment advice. Past performance does not guarantee future results.
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Tele2 TEL2-B.ST

Sweden Communication Services
7.5/10
AI Analyst score
167.65 SEK
Last price at analysis date · analyst target 175.93 (+4.9%)
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🟡 HOLD — Hold; the stock offers a defensive combination of dividend and valuation, but limited growth does not justify overweighting.

Tele2 AB is a Swedish telecommunications operator providing mobile telephony, fixed broadband, and connectivity solutions for consumers and enterprises in the Nordic and Baltic countries. Tele2 shows solid financial health (ND/EBITDA 2.25) and very attractive shareholder returns (net yield 5.32%, payout 58%), with a reasonable valuation (P/E 11.57) that compensates for very moderate revenue and earnings growth (1.9% and 1.2% respectively).

Financial health
7.5
Quality / Moat
7.2
Valuation
6.6
Growth
4.7
Dividend
8.6
Momentum
6.4
Risk & Context
8.8

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E11.57
Fwd P/E25.36
EV/EBITDA11.90
P/B5.12
P/S3.86
PEG4.13
Market cap116.73 B SEK
Enterprise value143.78 B SEK
🏰 Quality and moat
ROIC (approx.)13.7%
Gross margin43.40%
FCF conversion63%
Operating margin24.34%
📈 Profitability and margins
ROE47.62%
ROA7.08%
Net margin33.58%
FCF7.56 B SEK
FCF yield6.48%
🏦 Solvency and liquidity
Total debt30.75 B SEK
Net debt27.16 B SEK
Cash3.59 B SEK
EBITDA12.08 B SEK
Net debt / EBITDA2.25
D/E135.22
Current ratio0.70
Quick ratio0.64
🚀 Growth
Revenue growth1.90%
Earnings growth1.20%
EPS (TTM)14.49 SEK
EPS (Fwd)6.61 SEK
💰 Dividend and risk
Dividend yield6.26%
Payout58.0%
Beta0.32
Analyst consensusHold (19)
Target price175.93 SEK
52-week range143.05 SEK – 198.30 SEK
⚠️ Main risk: Stagnant growth (revenue +1.9%) in a mature and highly competitive Nordic market, which could pressure margins and limit upside.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Tele2 AB is a Swedish telecommunications operator providing mobile telephony, fixed broadband, and connectivity solutions for consumers and enterprises in the Nordic and Baltic countries. Tele2 shows solid financial health (ND/EBITDA 2.25) and very attractive shareholder returns (net yield 5.32%, payout 58%), with a reasonable valuation (P/E 11.57) that compensates for very moderate revenue and earnings growth (1.9% and 1.2% respectively).

Score by category

CategoryScore
Financial health7.5
Quality / Moat7.2
Valuation6.6
Growth4.7
Dividend8.6
Momentum6.4
Risk & Context8.8

OVERALL SCORE: 7.5/10

Context and risks

Moderate governance/regulatory risk in Sweden. No direct relevant geopolitical exposure; the business is domestic Nordic/Baltic.

News considered in the analysis

  • Tele2 AB (TLTZF) Q2 2026 Earnings Call Highlights: Strategic Growth Amidst Competitive Challenges — Resultados del segundo trimestre con crecimiento estratégico en un entorno competitivo; refuerza la tesis de estabilidad, aunque sin sorpresas transformadoras.
  • French billionaire buys £4.4bn stake in Vodafone to become biggest shareholder — Noticia sobre un competidor (Vodafone) en otro mercado; sin impacto directo en los fundamentales de Tele2.
  • Is Companhia Paranaense de Energia - Copel Unsponsored ADR (ELPC) Outperforming Other Utilities Stocks This Year? — Listículo comparativo sin información nueva sobre Tele2.
  • All You Need to Know About Tele2 (TLTZY) Rating Upgrade to Strong Buy — Upgrade de analista a Strong Buy; señal positiva moderada que puede apoyar el momentum.
  • Are Utilities Stocks Lagging Telecom Italia (TIIAY) This Year? — Comparativa sectorial genérica sin relevancia para Tele2.

Verdict: Hold; the stock offers a defensive combination of dividend and valuation, but limited growth does not justify overweighting.

Main risk: Stagnant growth (revenue +1.9%) in a mature and highly competitive Nordic market, which could pressure margins and limit upside.

Other Communication Services companies

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.