Telefónica, S.A. (TEF) 10-Year Financial Performance & Capital Metrics

TEF • • Utilities

Communication ServicesTelecom ServicesInternational & Regional CarriersLatin American Carriers

AboutTelefónica, S.A., together with its subsidiaries, provides telecommunications services in Europe and Latin America. The company's mobile and related services and products comprise mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services. Its fixed telecommunication services include PSTN lines; ISDN accesses; public telephone services; local, domestic, and international long-distance and fixed-to-mobile communications; corporate communications; supplementary value-added services; video telephony; intelligent network; and telephony information services, as well as leases and sells handset equipment. The company also provides Internet and broadband multimedia services comprising Internet service provider, portal and network, retail and wholesale broadband access, narrowband switched access, high-speed Internet through fibre to the home, and voice over Internet protocol services. In addition, it offers leased line, virtual private network, fibre optics, web hosting and application, outsourcing and consultancy, desktop, and system integration and professional services. Further, the company offers wholesale services for telecommunication operators, including domestic interconnection and international wholesale services; leased lines for other operators; and local loop leasing services, as well as bit stream services, wholesale line rental accesses, and leased ducts for other operators' fiber deployment. Additionally, it provides video/TV services; smart connectivity and services, and consumer IoT products; financial and other payment, security, cloud computing, advertising, big data, and digital telco experience services; virtual assistants; digital home platforms; and Movistar Home devices. It also offers online telemedicine, home insurance, music streaming, and consumer loan services. The company was incorporated in 1924 and is headquartered in Madrid, Spain.Show more

Revenue $41.31B +1.6%
EBITDA $11.19B -1.7%
Net Income -$49M +94.5%
Free Cash Flow $5.2B -12.3%
EBITDA Margin 27.09% -3.3%
Net Margin -0.12% +94.6%
ROE -0.2% +93.5%
Interest Coverage 0.80 -12.5%
Debt/Equity 1.98 +21.6%
Net Debt/EBITDA 3.30 +1.7%
CapEx / Revenue 14.01% -14.5%
CapEx Coverage 1.90 +0.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.0x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.1%
✗Weak momentum: RS Rating 17 (bottom 17%)
✗Weak interest coverage of 0.8x
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-1.96%

5Y-3.12%

3Y1.7%

TTM-5.67%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-81.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM-45.37%

ROCE

10Y Avg6.3%

5Y Avg6.57%

3Y Avg3.65%

Latest3.08%

Peer Comparison

Latin American Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TIGOMillicom International Cellular S.A.	9.36B	56.03	38.12	2.53%	19.59%	33.11%	12.06%	1.89
VIVTelefônica Brasil S.A.	19.43B	12.16	3.60	7.19%	10.34%	8.84%	54.31%	0.30
TIMBTIM S.A.	10.35B	21.67	2.91	6.77%	15.3%	15.98%	75.16%	0.59
LBTYKLiberty Global plc	1.56B	10.46	2.47	5.49%	-50.63%	-15.25%	71.97%	0.79
TEOTelecom Argentina S.A.	1.39B	11.03	0.00	100.94%	-0.57%	-0.5%	100%	0.56
LILALiberty Latin America Ltd.	290.97M	7.48	-2.24	-1.2%	-16.57%	-63.58%	74.2%	5.02
ATNIATN International, Inc.	337.65M	22.13	-12.72	-4.35%	-1.11%	-1.24%	5.03%	1.03
TEFTelefónica, S.A.	21.71B	3.85	-68.26	1.63%	-5.53%	-9.92%	23.97%	1.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	47.22B	52.04B	52.01B	48.69B	48.42B	43.08B	39.28B	39.99B	40.65B	41.31B
Revenue Growth %	-0.06%	0.1%	-0%	-0.06%	-0.01%	-0.11%	-0.09%	0.02%	0.02%	0.02%
Cost of Revenue	12.91B	15.24B	15.02B	14.01B	12.74B	12.14B	11.49B	12.16B	20.42B	12.56B
Gross Profit+	34.31B	36.79B	36.99B	34.68B	35.68B	30.93B	27.79B	27.84B	20.23B	28.76B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.03%	0.07%	0.01%	-0.06%	0.03%	-0.13%	-0.1%	0%	-0.27%	0.42%
Operating Expenses+	31.95B	31.58B	30.33B	28.18B	31.14B	26.8B	14.2B	23.78B	17.64B	26.36B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	11.41B	15.12B	16.19B	15.57B	15.12B	13.5B	21.98B	12.85B	11.39B	11.19B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.26%	0.32%	0.07%	-0.04%	-0.03%	-0.11%	0.63%	-0.42%	-0.11%	-0.02%
Depreciation & Amortization+	8.52B	9.65B	9.4B	9.05B	10.58B	9.36B	8.4B	8.8B	8.8B	8.8B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	2.9B	5.47B	6.79B	6.52B	4.54B	4.14B	13.59B	4.06B	2.59B	2.4B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.58%	0.89%	0.24%	-0.04%	-0.3%	-0.09%	2.28%	-0.7%	-0.36%	-0.08%
Interest Expense+	4.42B	4.48B	3.36B	2.69B	2.79B	2.42B	2.03B	3.03B	2.84B	3B
Interest Coverage	0.66x	1.22x	2.02x	2.42x	1.62x	1.71x	6.70x	1.34x	0.91x	0.80x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	311M	3.25B	4.6B	5.57B	2.72B	2.58B	12.1B	2.96B	-1.47B	557M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	13M	846M	1.22B	1.62B	1.05B	626M	1.38B	641M	-899M	348M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.75B	2.37B	3.13B	3.33B	1.14B	1.58B	8.14B	2.01B	-892M	-49M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.09%	-0.14%	0.32%	0.06%	-0.66%	0.39%	4.14%	-0.75%	-1.44%	0.95%
EPS (Diluted)+	0.51	0.42	0.56	0.64	0.32	0.23	1.38	0.31	-0.20	-0.06
EPS Growth %	-0.16%	-0.18%	0.33%	0.14%	-0.5%	-0.28%	5%	-0.78%	-1.65%	0.72%
EPS (Basic)	0.51	0.42	0.56	0.65	0.33	0.23	1.38	0.31	-0.26	-0.06
Diluted Shares Outstanding	4.93B	5.06B	5.11B	5.19B	5.12B	5.82B	5.73B	5.74B	5.72B	5.63B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	122.97B	123.64B	115.07B	114.05B	118.88B	105.05B	109.21B	109.64B	104.32B	100.5B
Asset Growth %	0.01%	0.01%	-0.07%	-0.01%	0.04%	-0.12%	0.04%	0%	-0.05%	-0.04%
PP&E (Net)+	30.55B	36.39B	34.23B	33.3B	39.17B	28.75B	30.3B	31.99B	31.39B	29.35B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	31.58B	19.97B	19.93B	23.34B	24.33B	33.66B	24.93B	22.59B	20.76B	22.37B
Cash & Equivalents	2.6B	3.74B	5.19B	5.69B	6.04B	5.6B	8.58B	7.25B	7.15B	8.06B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	1.36B	1.05B	1.12B	1.69B	2B	1.72B	1.75B	1.55B	928M	954M
Other Current Assets	4.32B	4.17B	3.93B	5.75B	1.44B	15.99B	2.02B	1.6B	1.62B	1.69B
Long-Term Investments	10.08B	9.84B	8.24B	7.18B	1.09B	1.14B	14.14B	13.06B	9.95B	9.56B
Goodwill	21.75B	28.69B	26.84B	25.75B	25.4B	17.04B	16.52B	18.47B	18.71B	16.46B
Intangible Assets	18.56B	20.52B	18B	16.86B	16.03B	11.49B	11.72B	12.02B	11.37B	9.88B
Other Assets	0	0	0	0	6.17B	6.56B	5.98B	6.62B	5.91B	6.21B
Total Liabilities	95.42B	95.26B	88.45B	87.07B	93.43B	86.79B	80.53B	77.93B	77.23B	77.75B
Total Debt+	60.07B	60.36B	52.59B	54.7B	56.71B	50.85B	48.17B	45.39B	44.12B	45.02B
Net Debt	57.47B	56.63B	47.4B	49.01B	50.67B	45.25B	39.59B	38.14B	36.96B	36.96B
Long-Term Debt	47.12B	45.61B	43.46B	45.33B	40.93B	38.13B	33.45B	33.03B	31.7B	31.33B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	7.23B	5.29B	8.07B	8.68B	8.95B	8.3B
Total Current Liabilities+	34.87B	35.45B	29.07B	29.65B	30.19B	28.12B	25.5B	23.1B	23.4B	25.73B
Accounts Payable	8.67B	11.86B	11.52B	5.07B	11.11B	8.34B	9.73B	10.39B	10.46B	10.59B
Accrued Expenses	788M	0	0	886M	0	0	0	0	0	0
Deferred Revenue	1.11B	1.57B	1.39B	1.62B	1.6B	1.29B	1.34B	1.49B	1.6B	1.95B
Other Current Liabilities	10.01B	2.72B	2.67B	8.74B	2.58B	6.79B	1.93B	1.98B	1.87B	1.9B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	13.43B	10.89B	13B	8.51B	12.59B	12.93B	11.54B	10.98B	11.81B	10.81B
Total Equity+	27.56B	28.39B	26.62B	26.98B	25.45B	18.26B	28.68B	31.71B	27.1B	22.75B
Equity Growth %	-0.09%	0.03%	-0.06%	0.01%	-0.06%	-0.28%	0.57%	0.11%	-0.15%	-0.16%
Shareholders Equity	17.89B	18.16B	16.92B	17.95B	17.12B	11.23B	22.21B	25.09B	21.85B	19.35B
Minority Interest	9.66B	10.23B	9.7B	9.03B	8.33B	7.03B	6.48B	6.62B	5.24B	3.4B
Common Stock	4.97B	5.04B	5.19B	5.19B	5.19B	0	0	5.78B	5.75B	5.67B
Additional Paid-in Capital	3.23B	3.23B	4.54B	4.54B	4.54B	0	0	3.82B	3.75B	3.52B
Retained Earnings	20.6B	17.09B	18.23B	14.88B	13.38B	0	0	27.7B	24.89B	22.61B
Accumulated OCI	-16.1B	-13.55B	-17.9B	-13.52B	-13.49B	0	0	-18.94B	-19.31B	-19.74B
Return on Assets (ROA)	0.02%	0.02%	0.03%	0.03%	0.01%	0.01%	0.08%	0.02%	-0.01%	-0%
Return on Equity (ROE)	0.09%	0.08%	0.11%	0.12%	0.04%	0.07%	0.35%	0.07%	-0.03%	-0%
Debt / Equity	2.18x	2.13x	1.98x	2.03x	2.23x	2.78x	1.68x	1.43x	1.63x	1.98x
Debt / Assets	0.49%	0.49%	0.46%	0.48%	0.48%	0.48%	0.44%	0.41%	0.42%	0.45%
Net Debt / EBITDA	5.04x	3.75x	2.93x	3.15x	3.35x	3.35x	1.80x	2.97x	3.25x	3.30x
Book Value per Share	5.59	5.61	5.21	5.2	4.97	3.14	5.01	5.52	4.74	4.04

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.6B	13.36B	13.79B	13.31B	15.01B	13.2B	12.14B	11.76B	12.59B	10.99B
Operating CF Growth %	0.12%	-0.02%	0.03%	-0.04%	0.13%	-0.12%	-0.08%	-0.03%	0.07%	-0.13%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	2.75B	2.37B	3.13B	3.33B	860M	1.33B	9.32B	0	-1.24B	0
Depreciation & Amortization	8.52B	9.65B	9.4B	9.05B	10.58B	9.36B	9.93B	0	9.51B	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-11.26B	-12.02B	-12.53B	-12.38B	3.56B	2.51B	-7.11B	11.76B	4.32B	10.99B
Working Capital Changes	0	0	0	0	0	0	0	0	0	0
Capital Expenditures+	-9.4B	-9.19B	-8.99B	-8.78B	-8.41B	-7.02B	-7.95B	-6.35B	-6.66B	-5.79B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-12.92B	-8.21B	-10.24B	-8.69B	-5.64B	-7.79B	6.97B	-5.33B	-4.63B	-5.22B
Acquisitions	-2.81B	713M	-88M	26M	1.71B	2M	15.98B	-633M	1.15B	31M
Purchase of Investments	-286M	-265M	-1.11B	-965M	-1.13B	-3.3B	-1.74B	-2.58B	-1.59B	-1.2B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	-1.49B	42M	-355M	27M	355M	217M	-1.87B	-265M	0	281M
Cash from Financing+	-3.61B	-4.22B	-1.75B	-3.88B	-9.02B	-5.44B	-15.35B	-7.92B	-7.77B	-4.67B
Dividends Paid	-2.77B	-2.91B	-2.46B	-2.79B	-2.74B	-1.3B	-4.29B	-968M	-2.31B	-1.76B
Dividend Payout Ratio %	1.01%	1.23%	0.79%	0.84%	2.4%	0.82%	0.53%	0.48%	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Stock Issued	4.25B	0	1.27B	379M	0	323M	0	0	122.17M	0
Share Repurchases	-1.77B	-660M	0	0	-504M	-223M	-713.92M	0	-1.91B	0
Other Financing	3.23B	-1.3B	-400M	-1.03B	-136M	-1.4B	-2.85B	-928M	-2.91B	-2.06B
Net Change in Cash+	-3.93B	1.12B	1.46B	500M	350M	-438M	2.9B	-1.33B	167.13M	911M
Exchange Rate Effect	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Cash at Beginning	6.53B	2.62B	3.74B	5.19B	5.69B	6.04B	6.86B	8.58B	7.73B	7.15B
Cash at End	2.6B	3.74B	5.19B	5.69B	6.04B	5.6B	9.76B	7.25B	7.9B	8.06B
Free Cash Flow+	4.2B	4.18B	4.8B	4.53B	6.59B	6.18B	4.18B	5.41B	5.93B	5.2B
FCF Growth %	0.41%	-0%	0.15%	-0.06%	0.46%	-0.06%	-0.32%	0.29%	0.1%	-0.12%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.49%	8.47%	11.39%	12.43%	4.36%	7.24%	34.67%	6.66%	-3.03%	-0.2%
EBITDA Margin	24.17%	29.05%	31.12%	31.98%	31.22%	31.34%	55.97%	32.14%	28.02%	27.09%
Net Debt / EBITDA	5.04x	3.75x	2.93x	3.15x	3.35x	3.35x	1.80x	2.97x	3.25x	3.30x
Interest Coverage	0.66x	1.22x	2.02x	2.42x	1.62x	1.71x	6.70x	1.34x	0.91x	0.80x
CapEx / Revenue	19.91%	17.66%	17.29%	18.03%	17.37%	16.3%	20.25%	15.88%	16.38%	14.01%
Dividend Payout Ratio	101.09%	122.67%	78.51%	83.88%	240.11%	81.92%	52.73%	48.14%	-	-
Debt / Equity	2.18x	2.13x	1.98x	2.03x	2.23x	2.78x	1.68x	1.43x	1.63x	1.98x
EPS Growth	-16.39%	-17.65%	33.33%	14.29%	-50%	-28.13%	500%	-77.54%	-164.52%	71.8%

Revenue by Geography

	2023	2024
ARGENTINA	1.24B	2.23B
ARGENTINA Growth	-	79.95%

Frequently Asked Questions

Growth & Financials

Telefónica, S.A. (TEF) reported $38.27B in revenue for fiscal year 2024. This represents a 41% decrease from $64.94B in 2011.

Telefónica, S.A. (TEF) grew revenue by 1.6% over the past year. Growth has been modest.

Telefónica, S.A. (TEF) reported a net loss of $2.12B for fiscal year 2024.

Dividend & Returns

Yes, Telefónica, S.A. (TEF) pays a dividend with a yield of 8.10%. This makes it attractive for income-focused investors.

Telefónica, S.A. (TEF) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.

Telefónica, S.A. (TEF) generated $4.01B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Telefónica, S.A. (TEF) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

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Telefónica, S.A. (TEF) 10-Year Financial Performance & Capital Metrics

TEF • • Utilities

Communication ServicesTelecom ServicesInternational & Regional CarriersLatin American Carriers

Revenue $41.31B +1.6%
EBITDA $11.19B -1.7%
Net Income -$49M +94.5%
Free Cash Flow $5.2B -12.3%
EBITDA Margin 27.09% -3.3%
Net Margin -0.12% +94.6%
ROE -0.2% +93.5%
Interest Coverage 0.80 -12.5%
Debt/Equity 1.98 +21.6%
Net Debt/EBITDA 3.30 +1.7%
CapEx / Revenue 14.01% -14.5%
CapEx Coverage 1.90 +0.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.0x book value

✗Weaknesses

✗Weak 3Y average ROE of 1.1%
✗Weak momentum: RS Rating 17 (bottom 17%)
✗Weak interest coverage of 0.8x
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-1.96%

5Y-3.12%

3Y1.7%

TTM-5.67%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-81.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM-45.37%

ROCE

10Y Avg6.3%

5Y Avg6.57%

3Y Avg3.65%

Latest3.08%

Peer Comparison

Latin American Carriers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TIGOMillicom International Cellular S.A.	9.36B	56.03	38.12	2.53%	19.59%	33.11%	12.06%	1.89
VIVTelefônica Brasil S.A.	19.43B	12.16	3.60	7.19%	10.34%	8.84%	54.31%	0.30
TIMBTIM S.A.	10.35B	21.67	2.91	6.77%	15.3%	15.98%	75.16%	0.59
LBTYKLiberty Global plc	1.56B	10.46	2.47	5.49%	-50.63%	-15.25%	71.97%	0.79
TEOTelecom Argentina S.A.	1.39B	11.03	0.00	100.94%	-0.57%	-0.5%	100%	0.56
LILALiberty Latin America Ltd.	290.97M	7.48	-2.24	-1.2%	-16.57%	-63.58%	74.2%	5.02
ATNIATN International, Inc.	337.65M	22.13	-12.72	-4.35%	-1.11%	-1.24%	5.03%	1.03
TEFTelefónica, S.A.	21.71B	3.85	-68.26	1.63%	-5.53%	-9.92%	23.97%	1.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	47.22B	52.04B	52.01B	48.69B	48.42B	43.08B	39.28B	39.99B	40.65B	41.31B
Revenue Growth %	-0.06%	0.1%	-0%	-0.06%	-0.01%	-0.11%	-0.09%	0.02%	0.02%	0.02%
Cost of Revenue	12.91B	15.24B	15.02B	14.01B	12.74B	12.14B	11.49B	12.16B	20.42B	12.56B
Gross Profit+	34.31B	36.79B	36.99B	34.68B	35.68B	30.93B	27.79B	27.84B	20.23B	28.76B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.03%	0.07%	0.01%	-0.06%	0.03%	-0.13%	-0.1%	0%	-0.27%	0.42%
Operating Expenses+	31.95B	31.58B	30.33B	28.18B	31.14B	26.8B	14.2B	23.78B	17.64B	26.36B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	11.41B	15.12B	16.19B	15.57B	15.12B	13.5B	21.98B	12.85B	11.39B	11.19B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	-0.26%	0.32%	0.07%	-0.04%	-0.03%	-0.11%	0.63%	-0.42%	-0.11%	-0.02%
Depreciation & Amortization+	8.52B	9.65B	9.4B	9.05B	10.58B	9.36B	8.4B	8.8B	8.8B	8.8B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	2.9B	5.47B	6.79B	6.52B	4.54B	4.14B	13.59B	4.06B	2.59B	2.4B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.58%	0.89%	0.24%	-0.04%	-0.3%	-0.09%	2.28%	-0.7%	-0.36%	-0.08%
Interest Expense+	4.42B	4.48B	3.36B	2.69B	2.79B	2.42B	2.03B	3.03B	2.84B	3B
Interest Coverage	0.66x	1.22x	2.02x	2.42x	1.62x	1.71x	6.70x	1.34x	0.91x	0.80x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	311M	3.25B	4.6B	5.57B	2.72B	2.58B	12.1B	2.96B	-1.47B	557M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	13M	846M	1.22B	1.62B	1.05B	626M	1.38B	641M	-899M	348M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.75B	2.37B	3.13B	3.33B	1.14B	1.58B	8.14B	2.01B	-892M	-49M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.09%	-0.14%	0.32%	0.06%	-0.66%	0.39%	4.14%	-0.75%	-1.44%	0.95%
EPS (Diluted)+	0.51	0.42	0.56	0.64	0.32	0.23	1.38	0.31	-0.20	-0.06
EPS Growth %	-0.16%	-0.18%	0.33%	0.14%	-0.5%	-0.28%	5%	-0.78%	-1.65%	0.72%
EPS (Basic)	0.51	0.42	0.56	0.65	0.33	0.23	1.38	0.31	-0.26	-0.06
Diluted Shares Outstanding	4.93B	5.06B	5.11B	5.19B	5.12B	5.82B	5.73B	5.74B	5.72B	5.63B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	122.97B	123.64B	115.07B	114.05B	118.88B	105.05B	109.21B	109.64B	104.32B	100.5B
Asset Growth %	0.01%	0.01%	-0.07%	-0.01%	0.04%	-0.12%	0.04%	0%	-0.05%	-0.04%
PP&E (Net)+	30.55B	36.39B	34.23B	33.3B	39.17B	28.75B	30.3B	31.99B	31.39B	29.35B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	31.58B	19.97B	19.93B	23.34B	24.33B	33.66B	24.93B	22.59B	20.76B	22.37B
Cash & Equivalents	2.6B	3.74B	5.19B	5.69B	6.04B	5.6B	8.58B	7.25B	7.15B	8.06B
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	1.36B	1.05B	1.12B	1.69B	2B	1.72B	1.75B	1.55B	928M	954M
Other Current Assets	4.32B	4.17B	3.93B	5.75B	1.44B	15.99B	2.02B	1.6B	1.62B	1.69B
Long-Term Investments	10.08B	9.84B	8.24B	7.18B	1.09B	1.14B	14.14B	13.06B	9.95B	9.56B
Goodwill	21.75B	28.69B	26.84B	25.75B	25.4B	17.04B	16.52B	18.47B	18.71B	16.46B
Intangible Assets	18.56B	20.52B	18B	16.86B	16.03B	11.49B	11.72B	12.02B	11.37B	9.88B
Other Assets	0	0	0	0	6.17B	6.56B	5.98B	6.62B	5.91B	6.21B
Total Liabilities	95.42B	95.26B	88.45B	87.07B	93.43B	86.79B	80.53B	77.93B	77.23B	77.75B
Total Debt+	60.07B	60.36B	52.59B	54.7B	56.71B	50.85B	48.17B	45.39B	44.12B	45.02B
Net Debt	57.47B	56.63B	47.4B	49.01B	50.67B	45.25B	39.59B	38.14B	36.96B	36.96B
Long-Term Debt	47.12B	45.61B	43.46B	45.33B	40.93B	38.13B	33.45B	33.03B	31.7B	31.33B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	0	7.23B	5.29B	8.07B	8.68B	8.95B	8.3B
Total Current Liabilities+	34.87B	35.45B	29.07B	29.65B	30.19B	28.12B	25.5B	23.1B	23.4B	25.73B
Accounts Payable	8.67B	11.86B	11.52B	5.07B	11.11B	8.34B	9.73B	10.39B	10.46B	10.59B
Accrued Expenses	788M	0	0	886M	0	0	0	0	0	0
Deferred Revenue	1.11B	1.57B	1.39B	1.62B	1.6B	1.29B	1.34B	1.49B	1.6B	1.95B
Other Current Liabilities	10.01B	2.72B	2.67B	8.74B	2.58B	6.79B	1.93B	1.98B	1.87B	1.9B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	13.43B	10.89B	13B	8.51B	12.59B	12.93B	11.54B	10.98B	11.81B	10.81B
Total Equity+	27.56B	28.39B	26.62B	26.98B	25.45B	18.26B	28.68B	31.71B	27.1B	22.75B
Equity Growth %	-0.09%	0.03%	-0.06%	0.01%	-0.06%	-0.28%	0.57%	0.11%	-0.15%	-0.16%
Shareholders Equity	17.89B	18.16B	16.92B	17.95B	17.12B	11.23B	22.21B	25.09B	21.85B	19.35B
Minority Interest	9.66B	10.23B	9.7B	9.03B	8.33B	7.03B	6.48B	6.62B	5.24B	3.4B
Common Stock	4.97B	5.04B	5.19B	5.19B	5.19B	0	0	5.78B	5.75B	5.67B
Additional Paid-in Capital	3.23B	3.23B	4.54B	4.54B	4.54B	0	0	3.82B	3.75B	3.52B
Retained Earnings	20.6B	17.09B	18.23B	14.88B	13.38B	0	0	27.7B	24.89B	22.61B
Accumulated OCI	-16.1B	-13.55B	-17.9B	-13.52B	-13.49B	0	0	-18.94B	-19.31B	-19.74B
Return on Assets (ROA)	0.02%	0.02%	0.03%	0.03%	0.01%	0.01%	0.08%	0.02%	-0.01%	-0%
Return on Equity (ROE)	0.09%	0.08%	0.11%	0.12%	0.04%	0.07%	0.35%	0.07%	-0.03%	-0%
Debt / Equity	2.18x	2.13x	1.98x	2.03x	2.23x	2.78x	1.68x	1.43x	1.63x	1.98x
Debt / Assets	0.49%	0.49%	0.46%	0.48%	0.48%	0.48%	0.44%	0.41%	0.42%	0.45%
Net Debt / EBITDA	5.04x	3.75x	2.93x	3.15x	3.35x	3.35x	1.80x	2.97x	3.25x	3.30x
Book Value per Share	5.59	5.61	5.21	5.2	4.97	3.14	5.01	5.52	4.74	4.04

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	13.6B	13.36B	13.79B	13.31B	15.01B	13.2B	12.14B	11.76B	12.59B	10.99B
Operating CF Growth %	0.12%	-0.02%	0.03%	-0.04%	0.13%	-0.12%	-0.08%	-0.03%	0.07%	-0.13%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	2.75B	2.37B	3.13B	3.33B	860M	1.33B	9.32B	0	-1.24B	0
Depreciation & Amortization	8.52B	9.65B	9.4B	9.05B	10.58B	9.36B	9.93B	0	9.51B	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-11.26B	-12.02B	-12.53B	-12.38B	3.56B	2.51B	-7.11B	11.76B	4.32B	10.99B
Working Capital Changes	0	0	0	0	0	0	0	0	0	0
Capital Expenditures+	-9.4B	-9.19B	-8.99B	-8.78B	-8.41B	-7.02B	-7.95B	-6.35B	-6.66B	-5.79B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-12.92B	-8.21B	-10.24B	-8.69B	-5.64B	-7.79B	6.97B	-5.33B	-4.63B	-5.22B
Acquisitions	-2.81B	713M	-88M	26M	1.71B	2M	15.98B	-633M	1.15B	31M
Purchase of Investments	-286M	-265M	-1.11B	-965M	-1.13B	-3.3B	-1.74B	-2.58B	-1.59B	-1.2B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	-1.49B	42M	-355M	27M	355M	217M	-1.87B	-265M	0	281M
Cash from Financing+	-3.61B	-4.22B	-1.75B	-3.88B	-9.02B	-5.44B	-15.35B	-7.92B	-7.77B	-4.67B
Dividends Paid	-2.77B	-2.91B	-2.46B	-2.79B	-2.74B	-1.3B	-4.29B	-968M	-2.31B	-1.76B
Dividend Payout Ratio %	1.01%	1.23%	0.79%	0.84%	2.4%	0.82%	0.53%	0.48%	-	-
Debt Issuance (Net)	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Stock Issued	4.25B	0	1.27B	379M	0	323M	0	0	122.17M	0
Share Repurchases	-1.77B	-660M	0	0	-504M	-223M	-713.92M	0	-1.91B	0
Other Financing	3.23B	-1.3B	-400M	-1.03B	-136M	-1.4B	-2.85B	-928M	-2.91B	-2.06B
Net Change in Cash+	-3.93B	1.12B	1.46B	500M	350M	-438M	2.9B	-1.33B	167.13M	911M
Exchange Rate Effect	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Cash at Beginning	6.53B	2.62B	3.74B	5.19B	5.69B	6.04B	6.86B	8.58B	7.73B	7.15B
Cash at End	2.6B	3.74B	5.19B	5.69B	6.04B	5.6B	9.76B	7.25B	7.9B	8.06B
Free Cash Flow+	4.2B	4.18B	4.8B	4.53B	6.59B	6.18B	4.18B	5.41B	5.93B	5.2B
FCF Growth %	0.41%	-0%	0.15%	-0.06%	0.46%	-0.06%	-0.32%	0.29%	0.1%	-0.12%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.49%	8.47%	11.39%	12.43%	4.36%	7.24%	34.67%	6.66%	-3.03%	-0.2%
EBITDA Margin	24.17%	29.05%	31.12%	31.98%	31.22%	31.34%	55.97%	32.14%	28.02%	27.09%
Net Debt / EBITDA	5.04x	3.75x	2.93x	3.15x	3.35x	3.35x	1.80x	2.97x	3.25x	3.30x
Interest Coverage	0.66x	1.22x	2.02x	2.42x	1.62x	1.71x	6.70x	1.34x	0.91x	0.80x
CapEx / Revenue	19.91%	17.66%	17.29%	18.03%	17.37%	16.3%	20.25%	15.88%	16.38%	14.01%
Dividend Payout Ratio	101.09%	122.67%	78.51%	83.88%	240.11%	81.92%	52.73%	48.14%	-	-
Debt / Equity	2.18x	2.13x	1.98x	2.03x	2.23x	2.78x	1.68x	1.43x	1.63x	1.98x
EPS Growth	-16.39%	-17.65%	33.33%	14.29%	-50%	-28.13%	500%	-77.54%	-164.52%	71.8%

Revenue by Geography

	2023	2024
ARGENTINA	1.24B	2.23B
ARGENTINA Growth	-	79.95%

Frequently Asked Questions

Growth & Financials

Telefónica, S.A. (TEF) reported $38.27B in revenue for fiscal year 2024. This represents a 41% decrease from $64.94B in 2011.

Telefónica, S.A. (TEF) grew revenue by 1.6% over the past year. Growth has been modest.

Telefónica, S.A. (TEF) reported a net loss of $2.12B for fiscal year 2024.

Dividend & Returns

Yes, Telefónica, S.A. (TEF) pays a dividend with a yield of 8.10%. This makes it attractive for income-focused investors.

Telefónica, S.A. (TEF) has a return on equity (ROE) of -0.2%. Negative ROE indicates the company is unprofitable.

Telefónica, S.A. (TEF) generated $4.01B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Telefónica, S.A. (TEF) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.