2026 Q2 -tulosraportti
24 päivää sitten
‧1 t 1 min
4,70 NOK/osake
Irtoamispäivä 15.10.
7,13%Tuotto/v
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 28.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 16.7. | ||
Vuosittainen yhtiökokous 2026 19.5. | ||
2026 Q1 -tulosraportti 28.4. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 29.10.2025 |
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·11 t sittenTELENOR – INVESTMENT ANALYSIS Figures from Børsdata and AI-generated report. **Date: August 2026 | Overall rating: 9.3/10 🟢** **Conclusion:** Telenor appears to be an attractive value and dividend stock. The strongest signal is a very low valuation against FCF combined with high, growing and stable cash flow. The most important uncertainty is whether today's high FCF is sustainable after sales and restructuring of the business. Q3 will therefore be important. 1. VALUATION **P/FCF Current: 3.6** – very low. 5Y average 8.56 and 7Y average 8.0. Today's level is approx. 55 % below the 7Y average. Strong value signal. **EV/FCF Current: 4.7** – very low. 5Y 12.2 and 7Y 11.7. Today's level is approx. 60 % below the 7Y average. Confirms that the entire business is lowly priced against FCF. **EBIT/EV Current: 7.2 %** against 5Y 6.6 %. Slightly better than historically and thus positive. **Important:** Historical multiples should be used as a reference, not as an automatic price target. Telenor has changed business structure and sold companies. 2. FREE CASH FLOW **FCF Margin 3Y: 39.7 %** against 5Y 32.4 %. Over the last three years, the cash margin has been better than the five-year average. 🟢 **FCF Growth 5Y: +15.1 %** – strong development. 🟢 **FCF Stability 5Y: 5/5** – maximum stability. 🟢 **OCF Stability 5Y: 5/5** – maximum stability. 🟢 The combination of low P/FCF + high FCF margin + growth + maximum stability is Telenor's strongest argument. 3. PROFITABILITY **EBIT Margin 3Y: 22.9 %** – strong operating margin. 🟢 **ROIC 3Y: 8.6 %** – acceptable, but not outstanding. 🟡/🟢 4. FINANCIAL STRENGTH **Net Debt/EBITDA Current: 1.6** against 3Y 2.1 – the debt burden is lower than historically. 🟢 **Equity Ratio: 33 %** – good equity ratio. 🟢 **Cash-% 3Y: 10 %** – good liquidity buffer. 🟢 **F-Score: 7/9** – strong financial development. 🟢 5. DIVIDEND AND SHAREHOLDER VALUE **Dividend/FCF: 26 %** – very good dividend coverage and large safety margin. 🟢 **Shares Growth 1Y: -2.2 %** – number of shares is reduced, positive for existing shareholders. 🟢 **Buyback 1Y: 165 %** – significant buybacks. Especially interesting when P/FCF is low at the same time. **Insider buys 6M: 21** – positive supporting indicator, but not an independent buy signal. 6. VALUE TRAP? A classic value trap has low P/FCF, but falling FCF, falling margins, high debt, weak balance sheet and high dividend relative to FCF. Telenor shows instead: P/FCF 3.6 🟢, FCF Growth +15.1 % 🟢, FCF Margin 39.7 % 🟢, FCF Stability 5/5 🟢, OCF Stability 5/5 🟢, F-Score 7 🟢, Net Debt/EBITDA 1.6 🟢 and Dividend/FCF 26 % 🟢. **Value-trap risk: currently low.** 7. WHY HAS THE STOCK FALLEN? The share price drop after Q2 does not necessarily mean that fundamental conditions have worsened. The market may be pricing in lower future growth/FCF, uncertainty around restructuring, sale of businesses or expectations for Q3. The crucial question is: **Has future FCF been permanently reduced, or has the share price fallen more than fundamental values suggest?** 8. MOST IMPORTANT RISK The biggest risk is not today's FCF, but **normalized future FCF**. Telenor has changed its company structure, and today's business is not identical to Telenor 5–7 years ago. Therefore, we should not assume that P/FCF will return to 8.0. Historical multiples are used as a reference. 9. Q3 – THIS IS TO BE CHECKED **1. FCF:** Does it remain strong? **2. FCF-margin:** Does it remain high? **3. EBITDA/EBIT:** Does profitability continue? **4. Capex:** Are investments under control? **5. Net Debt/EBITDA:** Does debt remain around 1.6–2.0? **6. Guiding:** Are expectations maintained? **7. Dividend:** Is it still well covered by FCF? **Positive Q3:** Strong FCF, high margin, continued growth, stable EBITDA, controlled Capex, low/stable debt and maintained guidance. **Negative:** Sharp drop in FCF/margin, increased debt, high Capex, falling EBITDA or cut in guidance. One weak quarter alone is not necessarily serious – the trend is most important. 10. OVERALL RATING **Valuation: 9.5/10 🟢 | FCF: 10/10 🟢 | FCF Stability: 10/10 🟢 | Profitability: 8/10 🟢 | Financial Strength: 9/10 🟢 | Dividend: 10/10 🟢 | Shareholder Friendliness: 9/10 🟢 | Value-trap risk: Low 🟢** **OVERALL: 9.3/10** 11. INVESTMENT DECISION **🟢 HOLD:** Fundamental conditions are strong. **🟢 BUY ON WEAKNESS:** Today's low P/FCF and EV/FCF make further purchases interesting if fundamental conditions remain strong. **🟡 DO NOT CHASE THE STOCK:** Rather buy in several steps on weakness. **🟡 Q3:** Use the report as confirmation that FCF and operations remain strong. ## 12. REMINDER Upon new assessment: **P/FCF → EV/FCF → FCF-margin → FCF-growth → FCF-stability → EBIT-margin/ROIC → Net Debt/EBITDA → Dividend/FCF → F-Score → historical P/FCF and EV/FCF.** FINAL CONCLUSION Telenor has a very interesting combination of **low valuation, high FCF, FCF growth, maximum cash flow stability, moderate debt, well-covered dividend and share buybacks**. Today's P/FCF 3.6 against 7Y 8.0 and EV/FCF 4.7 against 7Y 11.7 is the strongest value signal.- ·1 päivä sittenJuly 16 was D-day in Telenor. It has crept up a bit but still shows signs of being bruised. It just can't seem to find its direction?
I disagree. I have faith in the reorganization of operations and the focus on infrastructure. This will be important in the years to come. I rather see it as a buying opportunity and bought a little more today. 
·3 päivää sittenI agree with the comments about cybersecurity, preparedness, and that Telenor manages critical societal infrastructure. But if one takes off the defense glasses for a moment, this can also become a very good business. Norway should meet SpaceX somewhat like we met foreign companies during the build-up of the oil industry: welcome the technology and capital, but retain national control over the infrastructure itself. SpaceX can gladly offer satellite and mobile services in Norway, but Telenor and the state can enter into a profitable agreement where SpaceX leases access to Norwegian fiber, masts, terrestrial network, data center connections, security, and other capacity. This can give Telenor stable cashflow, while SpaceX avoids building absolutely everything from scratch. Telenor can thus make money from the new competitor, even if Starlink takes parts of the end-customer market. The point is not to shut Musk out, but to let him pay for access on Norwegian terms. The state still owns over half of Telenor, a bit like the Statoil model. Maybe the company should soon be called TeleNorge 😄 The satellites can be American. The digital continental shelf should remain Norwegian. Just get rid of Støre and Co before they sell the whole country, haha
Telenor and Norge A/S manage fine without Elon. Don't understand the fascination with that guy, he got lucky with PayPal, got a few billions there, stole the idea for Tesla, i.e. the electric car, Twitter he bought up, didn't create himself, the same applies to Starlink, we've had satellite phones since the first satellites were put into operation there in the 70s. He has promised us self-driving cars, robots, chips in the brain (no thanks), living on Mars, now it's the moon. There I can sign up so I avoid Elon and with reservations Alex Rosen =) Musk is just an investor with a lot of money, thats it. A bit higher IQ than someone who completed 9th grade in the 90`s. And his Tesla fortune is state-financed by our tax money for the green shift. He sells all Teslas at a loss, but has a straw directly into our Oil Fund. So no, we don't need Elon Musk
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
2026 Q2 -tulosraportti
24 päivää sitten
‧1 t 1 min
4,70 NOK/osake
Irtoamispäivä 15.10.
7,13%Tuotto/v
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·11 t sittenTELENOR – INVESTMENT ANALYSIS Figures from Børsdata and AI-generated report. **Date: August 2026 | Overall rating: 9.3/10 🟢** **Conclusion:** Telenor appears to be an attractive value and dividend stock. The strongest signal is a very low valuation against FCF combined with high, growing and stable cash flow. The most important uncertainty is whether today's high FCF is sustainable after sales and restructuring of the business. Q3 will therefore be important. 1. VALUATION **P/FCF Current: 3.6** – very low. 5Y average 8.56 and 7Y average 8.0. Today's level is approx. 55 % below the 7Y average. Strong value signal. **EV/FCF Current: 4.7** – very low. 5Y 12.2 and 7Y 11.7. Today's level is approx. 60 % below the 7Y average. Confirms that the entire business is lowly priced against FCF. **EBIT/EV Current: 7.2 %** against 5Y 6.6 %. Slightly better than historically and thus positive. **Important:** Historical multiples should be used as a reference, not as an automatic price target. Telenor has changed business structure and sold companies. 2. FREE CASH FLOW **FCF Margin 3Y: 39.7 %** against 5Y 32.4 %. Over the last three years, the cash margin has been better than the five-year average. 🟢 **FCF Growth 5Y: +15.1 %** – strong development. 🟢 **FCF Stability 5Y: 5/5** – maximum stability. 🟢 **OCF Stability 5Y: 5/5** – maximum stability. 🟢 The combination of low P/FCF + high FCF margin + growth + maximum stability is Telenor's strongest argument. 3. PROFITABILITY **EBIT Margin 3Y: 22.9 %** – strong operating margin. 🟢 **ROIC 3Y: 8.6 %** – acceptable, but not outstanding. 🟡/🟢 4. FINANCIAL STRENGTH **Net Debt/EBITDA Current: 1.6** against 3Y 2.1 – the debt burden is lower than historically. 🟢 **Equity Ratio: 33 %** – good equity ratio. 🟢 **Cash-% 3Y: 10 %** – good liquidity buffer. 🟢 **F-Score: 7/9** – strong financial development. 🟢 5. DIVIDEND AND SHAREHOLDER VALUE **Dividend/FCF: 26 %** – very good dividend coverage and large safety margin. 🟢 **Shares Growth 1Y: -2.2 %** – number of shares is reduced, positive for existing shareholders. 🟢 **Buyback 1Y: 165 %** – significant buybacks. Especially interesting when P/FCF is low at the same time. **Insider buys 6M: 21** – positive supporting indicator, but not an independent buy signal. 6. VALUE TRAP? A classic value trap has low P/FCF, but falling FCF, falling margins, high debt, weak balance sheet and high dividend relative to FCF. Telenor shows instead: P/FCF 3.6 🟢, FCF Growth +15.1 % 🟢, FCF Margin 39.7 % 🟢, FCF Stability 5/5 🟢, OCF Stability 5/5 🟢, F-Score 7 🟢, Net Debt/EBITDA 1.6 🟢 and Dividend/FCF 26 % 🟢. **Value-trap risk: currently low.** 7. WHY HAS THE STOCK FALLEN? The share price drop after Q2 does not necessarily mean that fundamental conditions have worsened. The market may be pricing in lower future growth/FCF, uncertainty around restructuring, sale of businesses or expectations for Q3. The crucial question is: **Has future FCF been permanently reduced, or has the share price fallen more than fundamental values suggest?** 8. MOST IMPORTANT RISK The biggest risk is not today's FCF, but **normalized future FCF**. Telenor has changed its company structure, and today's business is not identical to Telenor 5–7 years ago. Therefore, we should not assume that P/FCF will return to 8.0. Historical multiples are used as a reference. 9. Q3 – THIS IS TO BE CHECKED **1. FCF:** Does it remain strong? **2. FCF-margin:** Does it remain high? **3. EBITDA/EBIT:** Does profitability continue? **4. Capex:** Are investments under control? **5. Net Debt/EBITDA:** Does debt remain around 1.6–2.0? **6. Guiding:** Are expectations maintained? **7. Dividend:** Is it still well covered by FCF? **Positive Q3:** Strong FCF, high margin, continued growth, stable EBITDA, controlled Capex, low/stable debt and maintained guidance. **Negative:** Sharp drop in FCF/margin, increased debt, high Capex, falling EBITDA or cut in guidance. One weak quarter alone is not necessarily serious – the trend is most important. 10. OVERALL RATING **Valuation: 9.5/10 🟢 | FCF: 10/10 🟢 | FCF Stability: 10/10 🟢 | Profitability: 8/10 🟢 | Financial Strength: 9/10 🟢 | Dividend: 10/10 🟢 | Shareholder Friendliness: 9/10 🟢 | Value-trap risk: Low 🟢** **OVERALL: 9.3/10** 11. INVESTMENT DECISION **🟢 HOLD:** Fundamental conditions are strong. **🟢 BUY ON WEAKNESS:** Today's low P/FCF and EV/FCF make further purchases interesting if fundamental conditions remain strong. **🟡 DO NOT CHASE THE STOCK:** Rather buy in several steps on weakness. **🟡 Q3:** Use the report as confirmation that FCF and operations remain strong. ## 12. REMINDER Upon new assessment: **P/FCF → EV/FCF → FCF-margin → FCF-growth → FCF-stability → EBIT-margin/ROIC → Net Debt/EBITDA → Dividend/FCF → F-Score → historical P/FCF and EV/FCF.** FINAL CONCLUSION Telenor has a very interesting combination of **low valuation, high FCF, FCF growth, maximum cash flow stability, moderate debt, well-covered dividend and share buybacks**. Today's P/FCF 3.6 against 7Y 8.0 and EV/FCF 4.7 against 7Y 11.7 is the strongest value signal.
- ·1 päivä sittenJuly 16 was D-day in Telenor. It has crept up a bit but still shows signs of being bruised. It just can't seem to find its direction?I disagree. I have faith in the reorganization of operations and the focus on infrastructure. This will be important in the years to come. I rather see it as a buying opportunity and bought a little more today.
- ·3 päivää sittenI agree with the comments about cybersecurity, preparedness, and that Telenor manages critical societal infrastructure. But if one takes off the defense glasses for a moment, this can also become a very good business. Norway should meet SpaceX somewhat like we met foreign companies during the build-up of the oil industry: welcome the technology and capital, but retain national control over the infrastructure itself. SpaceX can gladly offer satellite and mobile services in Norway, but Telenor and the state can enter into a profitable agreement where SpaceX leases access to Norwegian fiber, masts, terrestrial network, data center connections, security, and other capacity. This can give Telenor stable cashflow, while SpaceX avoids building absolutely everything from scratch. Telenor can thus make money from the new competitor, even if Starlink takes parts of the end-customer market. The point is not to shut Musk out, but to let him pay for access on Norwegian terms. The state still owns over half of Telenor, a bit like the Statoil model. Maybe the company should soon be called TeleNorge 😄 The satellites can be American. The digital continental shelf should remain Norwegian. Just get rid of Støre and Co before they sell the whole country, hahaTelenor and Norge A/S manage fine without Elon. Don't understand the fascination with that guy, he got lucky with PayPal, got a few billions there, stole the idea for Tesla, i.e. the electric car, Twitter he bought up, didn't create himself, the same applies to Starlink, we've had satellite phones since the first satellites were put into operation there in the 70s. He has promised us self-driving cars, robots, chips in the brain (no thanks), living on Mars, now it's the moon. There I can sign up so I avoid Elon and with reservations Alex Rosen =) Musk is just an investor with a lot of money, thats it. A bit higher IQ than someone who completed 9th grade in the 90`s. And his Tesla fortune is state-financed by our tax money for the green shift. He sells all Teslas at a loss, but has a straw directly into our Oil Fund. So no, we don't need Elon Musk
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 28.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 16.7. | ||
Vuosittainen yhtiökokous 2026 19.5. | ||
2026 Q1 -tulosraportti 28.4. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 29.10.2025 |
2026 Q2 -tulosraportti
24 päivää sitten
‧1 t 1 min
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 28.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 16.7. | ||
Vuosittainen yhtiökokous 2026 19.5. | ||
2026 Q1 -tulosraportti 28.4. | ||
2025 Q4 -tulosraportti 6.2. | ||
2025 Q3 -tulosraportti 29.10.2025 |
4,70 NOK/osake
Irtoamispäivä 15.10.
7,13%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·11 t sittenTELENOR – INVESTMENT ANALYSIS Figures from Børsdata and AI-generated report. **Date: August 2026 | Overall rating: 9.3/10 🟢** **Conclusion:** Telenor appears to be an attractive value and dividend stock. The strongest signal is a very low valuation against FCF combined with high, growing and stable cash flow. The most important uncertainty is whether today's high FCF is sustainable after sales and restructuring of the business. Q3 will therefore be important. 1. VALUATION **P/FCF Current: 3.6** – very low. 5Y average 8.56 and 7Y average 8.0. Today's level is approx. 55 % below the 7Y average. Strong value signal. **EV/FCF Current: 4.7** – very low. 5Y 12.2 and 7Y 11.7. Today's level is approx. 60 % below the 7Y average. Confirms that the entire business is lowly priced against FCF. **EBIT/EV Current: 7.2 %** against 5Y 6.6 %. Slightly better than historically and thus positive. **Important:** Historical multiples should be used as a reference, not as an automatic price target. Telenor has changed business structure and sold companies. 2. FREE CASH FLOW **FCF Margin 3Y: 39.7 %** against 5Y 32.4 %. Over the last three years, the cash margin has been better than the five-year average. 🟢 **FCF Growth 5Y: +15.1 %** – strong development. 🟢 **FCF Stability 5Y: 5/5** – maximum stability. 🟢 **OCF Stability 5Y: 5/5** – maximum stability. 🟢 The combination of low P/FCF + high FCF margin + growth + maximum stability is Telenor's strongest argument. 3. PROFITABILITY **EBIT Margin 3Y: 22.9 %** – strong operating margin. 🟢 **ROIC 3Y: 8.6 %** – acceptable, but not outstanding. 🟡/🟢 4. FINANCIAL STRENGTH **Net Debt/EBITDA Current: 1.6** against 3Y 2.1 – the debt burden is lower than historically. 🟢 **Equity Ratio: 33 %** – good equity ratio. 🟢 **Cash-% 3Y: 10 %** – good liquidity buffer. 🟢 **F-Score: 7/9** – strong financial development. 🟢 5. DIVIDEND AND SHAREHOLDER VALUE **Dividend/FCF: 26 %** – very good dividend coverage and large safety margin. 🟢 **Shares Growth 1Y: -2.2 %** – number of shares is reduced, positive for existing shareholders. 🟢 **Buyback 1Y: 165 %** – significant buybacks. Especially interesting when P/FCF is low at the same time. **Insider buys 6M: 21** – positive supporting indicator, but not an independent buy signal. 6. VALUE TRAP? A classic value trap has low P/FCF, but falling FCF, falling margins, high debt, weak balance sheet and high dividend relative to FCF. Telenor shows instead: P/FCF 3.6 🟢, FCF Growth +15.1 % 🟢, FCF Margin 39.7 % 🟢, FCF Stability 5/5 🟢, OCF Stability 5/5 🟢, F-Score 7 🟢, Net Debt/EBITDA 1.6 🟢 and Dividend/FCF 26 % 🟢. **Value-trap risk: currently low.** 7. WHY HAS THE STOCK FALLEN? The share price drop after Q2 does not necessarily mean that fundamental conditions have worsened. The market may be pricing in lower future growth/FCF, uncertainty around restructuring, sale of businesses or expectations for Q3. The crucial question is: **Has future FCF been permanently reduced, or has the share price fallen more than fundamental values suggest?** 8. MOST IMPORTANT RISK The biggest risk is not today's FCF, but **normalized future FCF**. Telenor has changed its company structure, and today's business is not identical to Telenor 5–7 years ago. Therefore, we should not assume that P/FCF will return to 8.0. Historical multiples are used as a reference. 9. Q3 – THIS IS TO BE CHECKED **1. FCF:** Does it remain strong? **2. FCF-margin:** Does it remain high? **3. EBITDA/EBIT:** Does profitability continue? **4. Capex:** Are investments under control? **5. Net Debt/EBITDA:** Does debt remain around 1.6–2.0? **6. Guiding:** Are expectations maintained? **7. Dividend:** Is it still well covered by FCF? **Positive Q3:** Strong FCF, high margin, continued growth, stable EBITDA, controlled Capex, low/stable debt and maintained guidance. **Negative:** Sharp drop in FCF/margin, increased debt, high Capex, falling EBITDA or cut in guidance. One weak quarter alone is not necessarily serious – the trend is most important. 10. OVERALL RATING **Valuation: 9.5/10 🟢 | FCF: 10/10 🟢 | FCF Stability: 10/10 🟢 | Profitability: 8/10 🟢 | Financial Strength: 9/10 🟢 | Dividend: 10/10 🟢 | Shareholder Friendliness: 9/10 🟢 | Value-trap risk: Low 🟢** **OVERALL: 9.3/10** 11. INVESTMENT DECISION **🟢 HOLD:** Fundamental conditions are strong. **🟢 BUY ON WEAKNESS:** Today's low P/FCF and EV/FCF make further purchases interesting if fundamental conditions remain strong. **🟡 DO NOT CHASE THE STOCK:** Rather buy in several steps on weakness. **🟡 Q3:** Use the report as confirmation that FCF and operations remain strong. ## 12. REMINDER Upon new assessment: **P/FCF → EV/FCF → FCF-margin → FCF-growth → FCF-stability → EBIT-margin/ROIC → Net Debt/EBITDA → Dividend/FCF → F-Score → historical P/FCF and EV/FCF.** FINAL CONCLUSION Telenor has a very interesting combination of **low valuation, high FCF, FCF growth, maximum cash flow stability, moderate debt, well-covered dividend and share buybacks**. Today's P/FCF 3.6 against 7Y 8.0 and EV/FCF 4.7 against 7Y 11.7 is the strongest value signal.
- ·1 päivä sittenJuly 16 was D-day in Telenor. It has crept up a bit but still shows signs of being bruised. It just can't seem to find its direction?I disagree. I have faith in the reorganization of operations and the focus on infrastructure. This will be important in the years to come. I rather see it as a buying opportunity and bought a little more today.
- ·3 päivää sittenI agree with the comments about cybersecurity, preparedness, and that Telenor manages critical societal infrastructure. But if one takes off the defense glasses for a moment, this can also become a very good business. Norway should meet SpaceX somewhat like we met foreign companies during the build-up of the oil industry: welcome the technology and capital, but retain national control over the infrastructure itself. SpaceX can gladly offer satellite and mobile services in Norway, but Telenor and the state can enter into a profitable agreement where SpaceX leases access to Norwegian fiber, masts, terrestrial network, data center connections, security, and other capacity. This can give Telenor stable cashflow, while SpaceX avoids building absolutely everything from scratch. Telenor can thus make money from the new competitor, even if Starlink takes parts of the end-customer market. The point is not to shut Musk out, but to let him pay for access on Norwegian terms. The state still owns over half of Telenor, a bit like the Statoil model. Maybe the company should soon be called TeleNorge 😄 The satellites can be American. The digital continental shelf should remain Norwegian. Just get rid of Støre and Co before they sell the whole country, hahaTelenor and Norge A/S manage fine without Elon. Don't understand the fascination with that guy, he got lucky with PayPal, got a few billions there, stole the idea for Tesla, i.e. the electric car, Twitter he bought up, didn't create himself, the same applies to Starlink, we've had satellite phones since the first satellites were put into operation there in the 70s. He has promised us self-driving cars, robots, chips in the brain (no thanks), living on Mars, now it's the moon. There I can sign up so I avoid Elon and with reservations Alex Rosen =) Musk is just an investor with a lot of money, thats it. A bit higher IQ than someone who completed 9th grade in the 90`s. And his Tesla fortune is state-financed by our tax money for the green shift. He sells all Teslas at a loss, but has a straw directly into our Oil Fund. So no, we don't need Elon Musk
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Ei dataa
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Välittäjätilasto
Dataa ei löytynyt