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Telenor ASA (TELNY)
OTHER OTC:TELNY
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Telenor ASA
(OTC:TELNY)
79Outperform
Telenor ASA (TELNY) vs. S&P 500 (SPY)
Market Cap
$19.25B
Dividend Yield4.22%
Average Volume (3M)942.00
Price to Earnings (P/E)11.3
Beta (1Y)0.11
Revenue Growth-2.32%
EPS GrowthN/A
CountryUS
Employees11,000
SectorCommunication Services
Sector Strength78
IndustryTelecommunications
Share Statistics
EPS (TTM)1.33
Shares Outstanding1,368,350,000
10 Day Avg. Volume0
30 Day Avg. Volume942
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)N/A
Price to Sales (P/S)1.87
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$17.50Price Target Upside23.24% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering0
Telenor ASA Business Overview & Revenue Model
Company DescriptionTelenor ASA is a leading telecommunications company based in Norway, operating primarily in the Nordic region and Asia. The company provides a wide range of mobile and fixed-line communication services, including voice, data, internet, and television services. Telenor is known for its robust infrastructure and commitment to delivering innovative solutions that enhance connectivity for individuals and businesses.
How the Company Makes MoneyTelenor ASA generates revenue through several key streams, primarily from providing mobile and fixed-line services. The company earns money from subscription fees, call charges, data usage, and value-added services such as entertainment and digital content. Additionally, Telenor has strategic partnerships and collaborations that enhance its service offerings and extend its market reach, contributing to its overall earnings. The company also invests in network infrastructure and technology to maintain competitive advantages and meet the growing demand for digital services.
Telenor ASA Financial Statement Overview
Summary
Overall, Telenor ASA presents a robust financial position with strong profitability and efficient cash flow management. Despite a slight decline in revenue, the company maintains healthy margins and a stable balance sheet, offering a solid foundation for future growth and resilience in the telecommunications industry.Income Statement
Telenor ASA shows strong profitability with a stable gross profit margin of 77.8% for 2024 and a net profit margin of 23.9%. The company experienced a slight revenue decline of 0.65% from 2023 to 2024, but EBIT and EBITDA margins remain healthy at 23.3% and 57.8%, respectively. Overall, the income statement indicates solid performance with room for growth in revenue.75
Positive
Balance Sheet
The balance sheet reveals a manageable debt-to-equity ratio of 1.33, showing a stable leverage position. The return on equity is competitive at 24.9%, and the equity ratio stands at 33.4%, indicating a healthy balance between debt and equity financing. The company maintains a solid equity base, though slightly reduced compared to past years.70
Positive
Cash Flow
Telenor ASA demonstrates strong cash flow management with an impressive free cash flow growth rate of 25.7% and a high operating cash flow to net income ratio of 1.65. The free cash flow to net income ratio of 0.95 also highlights efficient cash generation capabilities, supporting future investments and debt servicing.80
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 79.93B | 80.45B | 98.95B | 110.24B | 122.81B | Gross Profit |
| 62.20B | 61.40B | 72.55B | 81.06B | 93.04B | EBIT |
| 18.62B | 16.96B | 14.06B | 21.51B | 29.50B | EBITDA |
| 46.23B | 22.89B | 39.39B | 50.57B | 56.77B | Net Income Common Stockholders |
| 19.11B | 13.73B | 13.65B | 11.34B | 17.34B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 11.99B | 20.86B | 10.26B | 15.60B | 20.97B | Total Assets |
| 229.58B | 218.38B | 239.25B | 225.74B | 256.53B | Total Debt |
| 101.62B | 102.19B | 118.52B | 131.40B | 150.00B | Net Debt |
| 91.24B | 82.64B | 108.59B | 116.17B | 129.42B | Total Liabilities |
| 147.04B | 147.95B | 174.88B | 194.25B | 212.62B | Stockholders Equity |
| 76.62B | 64.48B | 60.13B | 26.29B | 38.32B |
| Cash Flow | Free Cash Flow | |||
| 18.10B | 14.39B | 19.92B | 22.82B | 24.82B | Operating Cash Flow |
| 31.48B | 29.12B | 39.22B | 42.27B | 43.82B | Investing Cash Flow |
| -11.49B | -18.30B | -23.14B | -17.23B | -10.56B | Financing Cash Flow |
| -29.39B | -1.53B | -23.98B | -27.90B | -27.58B |
Telenor ASA Technical Analysis
Positive
14.20
Price Trends
12.82
Positive
12.22
Positive
12.00
Positive
Market Momentum
0.41
Positive
78.60
Negative
83.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TELNY, the sentiment is Positive. The current price of 14.2 is above the 20-day moving average (MA) of 13.68, above the 50-day MA of 12.82, and above the 200-day MA of 12.00, indicating a bullish trend. The MACD of 0.41 indicates Positive momentum. The RSI at 78.60 is Negative, neither overbought nor oversold. The STOCH value of 83.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TELNY.
Telenor ASA Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $299.72B | 26.77 | 17.93% | 1.17% | 3.62% | 38.24% | |
79 Outperform | $19.25B | 11.26 | 27.97% | 4.22% | -2.32% | ― | |
76 Outperform | $202.42B | 18.54 | 10.54% | 4.01% | -0.08% | -24.48% | |
73 Outperform | $183.37B | 10.51 | 18.27% | 6.08% | 0.61% | 50.39% | |
64 Neutral | $6.48B | ― | -17.68% | ― | 32.25% | 20.56% | |
59 Neutral | $29.14B | 0.91 | -18.74% | 4.05% | 2.07% | -49.65% | |
47 Neutral | $4.27B | ― | -12.49% | ― | -9.95% | 99.47% |
* Communication Services Sector Average
Performance Comparison
TELNY
Telenor ASA
14.20
3.64
34.47%
T
AT&T
28.20
11.57
69.57%
LUMN
Lumen Technologies
4.10
2.54
162.82%
VZ
Verizon
44.96
5.65
14.37%
TMUS
T Mobile US
268.28
107.33
66.69%
S
SentinelOne
19.35
-3.96
-16.99%
Telenor ASA Earnings Call Summary
Earnings Call Date: Feb 6, 2025 | % Change Since: 14.98% | Next Earnings Date: May 6, 2025
Earnings Call Sentiment Neutral
The earnings call presented a generally positive outlook with strong performance in the Nordics and Pakistan, robust free cash flow, and a commitment to sustainability. However, challenges in Bangladesh and one-off impacts affected the overall group results.Highlights
Strong Nordic Performance
The Nordic region showed solid performance with a 6% EBITDA growth, driven by successful transformation efforts and operational efficiencies. Mobile service revenue growth in the Nordics was 4.6%.
Free Cash Flow Exceeds Expectations
Total free cash flow, including M&A, was NOK 13.3 billion in 2024, exceeding the proposed dividend payments for the year.
Resilient Performance in Pakistan
Telenor Pakistan delivered 12% service revenue growth and 25% EBITDA growth, demonstrating strong pricing efforts and lower energy costs.
Commitment to Sustainability
Significant strides in reducing Scope 1 and 2 emissions and increasing the share of spending covered by science-based targets were made in 2024.
Lowlights
Challenges in Bangladesh
The macroeconomic conditions in Bangladesh continued to negatively impact performance, with a NOK 90 million revenue correction and larger-than-usual bad debt provision.
One-Off Impacts on Group Results
Group results were impacted by several one-offs, including VAT-related cases in Norway and a negative revenue correction in Bangladesh.
Increased Lease Payments
Sequential increase in quarterly lease payments by close to NOK 300 million, with expectations of continued increases in 2025.
Company Guidance
In Telenor's Fourth Quarter Results Call for fiscal year 2024, the company shared its financial performance and strategic priorities. The call highlighted a solid performance with a 3.3% growth in group service revenues, primarily driven by a 4.6% increase in mobile service revenue in the Nordics. Nordic EBITDA grew by 6%, supported by transformation efforts. Free cash flow, including M&A, was NOK13.3 billion, surpassing dividend payments. The company achieved significant progress in reducing Scope 1 and 2 emissions. Telenor's 2025 outlook includes low single-digit service revenue growth in the Nordics, mid-single-digit EBITDA growth, and CapEx to sales of around 14%. Group EBITDA is expected to grow in the low to mid-single digits, with free cash flow before M&A projected at around NOK13 billion. The company remains committed to shareholder remuneration and strategic capital management to support profitable growth.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.