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Tele2 AB
(TEL2.B)
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Rating:69Neutral
Price Target:
kr176.00
▲(7.65% Upside)
Action:Reiterated
Date:07/17/26
The score is driven primarily by strong recent profitability and solid cash generation, supported by an attractive valuation (low P/E) and a high dividend yield. These positives are tempered by meaningful leverage on the balance sheet and weak technical momentum with the stock trading below key moving averages.
Positive Factors
TTM profitability uplift
A material step-up in TTM operating and net margins indicates the business is converting revenue to profit more efficiently. Durable margin expansion supports internal investment, dividend capacity and resilience in competitive pricing environments for a subscription-led telecom operator.
Negative Factors
High leverage level
Sustained debt above equity magnifies financial risk for a capital-intensive operator. High leverage constrains free cash deployment, makes the firm sensitive to interest-cost shocks, limits downside protection in cyclical slowdowns and reduces optionality for strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
TTM profitability uplift
A material step-up in TTM operating and net margins indicates the business is converting revenue to profit more efficiently. Durable margin expansion supports internal investment, dividend capacity and resilience in competitive pricing environments for a subscription-led telecom operator.
Read all positive factors
Tele2 AB (TEL2.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr113.91B
Dividend Yield5.12%
Average Volume (3M)1.84M
Price to Earnings (P/E)11.2
Beta (1Y)0.12
Revenue Growth1.82%
EPS Growth142.95%
CountrySE
Employees3,866
SectorGeneral
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)14.58
Shares Outstanding688,031,000
10 Day Avg. Volume1,358,044
30 Day Avg. Volume1,840,046
Financial Highlights & Ratios
PEG Ratio1.20
Price to Book (P/B)4.81
Price to Sales (P/S)3.58
P/FCF Ratio14.05
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)15.02
Revenue Forecast (FY)kr30.35B
Tele2 AB Business Overview & Revenue Model
Company Description
Tele2 AB (publ) operates as a telecommunications provider, delivering a wide array of fixed and mobile connectivity and entertainment solutions across Sweden, Lithuania, Latvia, and Estonia. Its extensive service portfolio encompasses mobile voice...
How the Company Makes Money
Tele2 makes money mainly by selling recurring subscription-based connectivity services and related add-ons. (1) Mobile services: A significant share of revenue comes from monthly mobile subscriptions (postpaid) and prepaid usage, where customers p...
Tele2 AB Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
60
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.12B | 29.89B | 29.58B | 29.10B | 28.10B | 26.79B |
| Gross Profit | 13.04B | 13.00B | 12.73B | 11.81B | 11.22B | 10.92B |
| EBITDA | 18.52B | 12.85B | 11.89B | 11.79B | 11.02B | 10.72B |
| Net Income | 10.11B | 4.59B | 3.87B | 3.73B | 5.57B | 4.31B |
Balance Sheet | ||||||
| Total Assets | 67.45B | 62.88B | 64.44B | 66.14B | 67.66B | 74.25B |
| Cash, Cash Equivalents and Short-Term Investments | 3.59B | 305.00M | 191.00M | 1.63B | 1.14B | 837.00M |
| Total Debt | 30.75B | 29.12B | 30.67B | 31.78B | 32.45B | 30.81B |
| Total Liabilities | 44.72B | 40.61B | 42.34B | 43.28B | 43.97B | 43.11B |
| Stockholders Equity | 22.74B | 22.27B | 22.10B | 22.78B | 23.68B | 31.14B |
Cash Flow | ||||||
| Free Cash Flow | 7.74B | 7.63B | 5.81B | 5.95B | 4.67B | 6.97B |
| Operating Cash Flow | 11.43B | 11.34B | 9.78B | 10.01B | 8.25B | 10.30B |
| Investing Cash Flow | 944.00M | -3.67B | -4.00B | -3.93B | 5.26B | -3.02B |
| Financing Cash Flow | -9.08B | -7.72B | -7.10B | -5.59B | -13.64B | -7.26B |
Tele2 AB Technical Analysis
Negative
163.50
Price Trends
169.84
Negative
176.77
Negative
167.21
Negative
Market Momentum
-1.28
Negative
46.06
Neutral
34.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TEL2.B, the sentiment is Negative. The current price of 163.5 is below the 20-day moving average (MA) of 164.65, below the 50-day MA of 169.84, and below the 200-day MA of 167.21, indicating a bearish trend. The MACD of -1.28 indicates Negative momentum. The RSI at 46.06 is Neutral, neither overbought nor oversold. The STOCH value of 34.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:TEL2.B.
Tele2 AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | kr113.91B | 11.24 | 42.66% | 5.14% | 1.82% | 142.95% | |
68 Neutral | kr322.64B | 13.05 | 23.57% | 3.19% | -7.45% | 42.49% | |
64 Neutral | kr4.32B | 18.77 | 12.70% | ― | 114.85% | ― | |
61 Neutral | kr31.77B | 72.68 | 1.99% | ― | -6.20% | ― | |
61 Neutral | kr167.15B | 34.89 | 9.48% | 4.49% | -4.06% | 14.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
SE:TEL2.B
Tele2 AB
163.95
14.70
9.85%
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Tele2 AB Corporate Events
Tele2 posts solid Q2 growth, confirms outlook and sharpens strategic focus
Jul 16, 2026
Tele2 reported second-quarter 2026 results showing 2% organic growth in both end-user service and total revenue, with end-user service revenue reaching SEK 5.6 billion and total revenue SEK 7.4 billion. Underlying EBITDAaL rose 4% to SEK 3.0 billi...
Tele2 invests in new spectrum to bolster Lithuanian 5G and 4G networks
Jul 9, 2026
Tele2 AB has reinforced its position in the Lithuanian telecom market by securing new spectrum in the 700 MHz and 1500 MHz bands and renewing its 2100 MHz licenses in a national auction, at a total cost of EUR 9.8 million. The licenses, valid unti...
Tele2 Reschedules Presentation of Q2 2026 Results
Jul 3, 2026
Tele2 AB said it will publish its second-quarter 2026 financial results on 16 July, with the report scheduled for release at 07:00 CEST and a webcast and teleconference immediately following. The presentation, hosted by President and CEO Nicholas ...
Tele2 Adjusts Voting Rights Structure After Share Conversion
Jun 30, 2026
Tele2 AB has announced a change in its voting structure after owners of 26,798 class A shares requested conversion into class B shares, reducing the total number of votes in the company. As of 30 June 2026, Tele2 has 697,721,597 shares outstanding...
Tele2 schedules Q2 2026 results release and investor webcast
Jun 30, 2026
Tele2 AB will publish its financial results for the second quarter of 2026 on 16 July, with a webcast presentation and teleconference hosted by President and CEO Nicholas Högberg and EVP Group CFO Peter Landgren. The results release and inves...
Tele2 AGM Approves SEK 10.50 Dividend, New Incentive Plan and Expanded Capital Mandates
May 18, 2026
Tele2’s 2026 AGM approved the 2025 annual report and set an ordinary dividend of SEK 10.50 per share, to be paid in two equal instalments in May and October, underscoring the operator’s continued cash returns to shareholders. Sharehold...
Tele2 names Nicholas Högberg as new CEO as Jean Marc Harion steps down
May 12, 2026
Tele2 AB announced that CEO Jean Marc Harion will step down from his role for personal reasons on 30 June 2026, while remaining on the board subject to shareholder approval at the May 2026 AGM. The board has activated its succession plan and appoi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.