Telia Company AB (TELIA) AI Stock Analysis

• Market Cap: $155.42B
• Dividend Yield: 5.14%
• Average Volume (3M): 6.10M
• Price to Earnings (P/E): 31.0
• Beta (1Y): 0.10
• Revenue Growth: -5.76%
• EPS Growth: -10.05%
• Country: SE
• Employees: 15,040
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): -0.33
• Shares Outstanding: 3,932,109,400
• 10 Day Avg. Volume: 4,937,340
• 30 Day Avg. Volume: 6,099,907
• PEG Ratio: -1.08
• Price to Book (P/B): 3.03
• Price to Sales (P/S): 1.91
• P/FCF Ratio: 12.27
• Enterprise Value/Market Cap: 1.61
• Enterprise Value/Revenue: 2.48
• Enterprise Value/Gross Profit: 4.47
• Enterprise Value/Ebitda: 6.92
• 1Y Price Target: $40.79
• Price Target Upside: 0.59% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: kr43.00 ▲(6.04% Upside)

The score is held back mainly by moderate financial performance, driven by 2025’s sharp revenue decline and still-elevated leverage, despite strong operating cash flow. Technicals are supportive with a clear uptrend and positive momentum. Valuation is mixed: an attractive dividend yield is offset by a high P/E. Earnings call commentary was net positive due to upgraded free cash flow outlook and cost/CapEx discipline, with some ongoing regional headwinds.

Positive Factors

Cash Flow Growth

The robust growth in free cash flow indicates strong cash generation ability, supporting financial stability and enabling future investments.

Customer Satisfaction

Improving customer satisfaction enhances brand loyalty and can lead to increased market share and revenue growth over time.

Operational Efficiency

Enhanced operational efficiency through cost savings strengthens margins and competitiveness, supporting long-term profitability.

Negative Factors

Revenue Decline

Negative revenue growth indicates difficulty in expanding market presence, which could impact future profitability and market position.

High Leverage

High leverage can increase financial risk and limit flexibility, potentially affecting the company's ability to invest in growth opportunities.

Profit Margin Decline

A declining profit margin reduces profitability, which can hinder the company's ability to reinvest in the business and maintain competitive advantages.

Telia Company AB Business Overview & Revenue Model

Company Description

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. The company offers mobile, broadband, television, and fixed-line services to businesses, individuals, families, and communities. It provides networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, colocation, and IoT connectivity solutions, as well as broadcasting and content production services, and customer financing services. The company markets its products and services under the Telia, halebop, Fello, TV4, C More, MTV, MyCall, OneCall, Phonero, Call me, Mit tele, Diil, Lmt Okarte, Telia Latvija, Cloudy, Tet, and Ezys brands for logistics, public transport, manufacturing, retail, utilities, building, and public sector industries. It has 18.1 million mobile subscriptions, 1.0 million fixed telephony subscriptions, 2.9 fixed million broadband subscriptions, and 3.4 million TV subscriptions. The company was formerly known as TeliaSonera AB (publ) and changed its name to Telia Company AB (publ) in April 2016. Telia Company AB (publ) was founded in 1853 and is headquartered in Solna, Sweden.

How the Company Makes Money

Telia generates revenue through multiple key streams, primarily from mobile services, fixed-line telephony, broadband, and digital TV subscriptions. Mobile services, including voice and data plans, contribute significantly to its income, bolstered by a large customer base across its operating regions. Fixed-line services provide steady revenue from both residential and business customers, while broadband subscriptions capitalize on the growing demand for high-speed internet access. Additionally, Telia earns money from value-added services such as cloud computing, cybersecurity solutions, and IoT (Internet of Things) applications for businesses. Strategic partnerships with technology providers and content distributors further enhance its offerings, driving additional revenue through bundled services and promotional packages. Overall, Telia's diversified service portfolio and focus on innovation play a crucial role in its financial performance.

Telia Company AB Financial Statement Overview

Summary

Profitability has recovered versus the 2020–2022 loss years and operating cash flow remains strong, but 2025 shows a sharp revenue decline (-21.6%) with margin compression. Leverage is still a key constraint (debt-to-equity ~1.63x in 2025), keeping the overall financial profile only moderate despite improved earnings and solid free cash flow.

Income Statement

Profitability has improved materially versus the 2020–2022 loss years, with 2024–2025 returning to solid positive earnings and healthy EBITDA margins (about 39% in 2024 and 34% in 2025). However, the 2025 annual report shows a sharp revenue decline (-21.6%) alongside a notably lower gross profit margin versus 2024, pointing to pressure on pricing/mix and/or costs. Net margin remains positive in 2025 (~6.3%) but is below 2024 (~7.9%), and the multi-year track record includes significant volatility in net income.

Balance Sheet

Leverage is the key constraint: debt-to-equity remains elevated (about 1.70x in 2024 and 1.63x in 2025), even though it has improved from the 2023 peak (~2.11x). Equity is positive and sizeable, but returns on equity have been inconsistent—very weak in 2023 and negative in 2020–2022—before recovering to ~12.8% in 2024 and ~6.9% in 2025. Overall, the balance sheet looks serviceable but more debt-heavy than ideal for a stable-rated profile.

Cash Flow

Cash generation is a relative strength. Operating cash flow is consistently strong across the period and rose to ~27.6B in 2025, supporting free cash flow of ~12.6B (up sharply from 2024’s ~7.3B, though still below 2020’s peak). That said, free cash flow growth is negative in 2024 and 2025, and cash conversion versus earnings is not especially strong (free cash flow is well below net income in 2024–2025). This suggests some pressure from investment needs, working capital, or other cash uses despite solid operating inflows.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	80.98B	89.13B	88.78B	90.83B	88.34B
Gross Profit	13.85B	55.65B	40.22B	30.88B	30.03B
EBITDA	27.74B	35.11B	29.53B	14.02B	40.15B
Net Income	3.52B	7.08B	303.00M	-14.16B	11.68B
Balance Sheet
Total Assets	189.25B	204.27B	226.47B	222.79B	237.03B
Cash, Cash Equivalents and Short-Term Investments	11.53B	10.93B	19.85B	9.18B	20.45B
Total Debt	83.27B	94.38B	112.57B	53.72B	40.58B
Total Liabilities	134.43B	144.91B	169.47B	155.12B	153.48B
Stockholders Equity	51.07B	55.44B	53.47B	64.24B	80.73B
Cash Flow
Free Cash Flow	12.62B	7.31B	9.21B	8.09B	11.73B
Operating Cash Flow	27.60B	21.20B	24.67B	24.00B	27.38B
Investing Cash Flow	-7.15B	4.11B	-22.06B	-9.94B	-10.91B
Financing Cash Flow	-18.80B	-27.34B	2.65B	-21.78B	-10.60B

Telia Company AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 40.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TELIA, the sentiment is Positive. The current price of 40.55 is above the 20-day moving average (MA) of 39.74, above the 50-day MA of 38.63, and above the 200-day MA of 35.89, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 60.70 is Neutral, neither overbought nor oversold. The STOCH value of 74.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:TELIA.

Telia Company AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TEL2.B	66 Neutral	kr113.02B	24.18	20.60%	4.15%	0.51%	14.15%
BRE2	66 Neutral	kr3.09B	28.07	―	4.67%	9.72%	4.26%
ACAST	63 Neutral	kr5.49B	-140.92	-3.84%	―	26.82%	76.68%
TELIA	62 Neutral	$155.42B	31.02	10.93%	5.14%	-5.76%	-10.05%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
IVSO	57 Neutral	kr12.03B	57.72	21.88%	0.87%	5.69%	4.82%
SINCH	53 Neutral	kr22.61B	-63.41	-1.23%	―	-1.62%	94.01%

Telia Company AB Corporate Events

Telia Lifts Cash Flow and Dividend Despite Provision-Hit Earnings in 2025

Telia Company reported modest like-for-like revenue growth for the fourth quarter and full year 2025, with service revenue up 2.1% in Q4 and 1.5% for the year, driven primarily by Sweden and the Baltics. Adjusted EBITDA rose 3.7% in Q4 and 5.2% for the full year thanks to service revenue growth and lower operating expenses, but reported EBITDA and net income declined due to a SEK 3.7 billion non-cash increase in asset retirement obligation provisions, pushing Q4 into a net loss and reducing full-year earnings per share. Despite this accounting impact, cash generation strengthened markedly: free cash flow climbed to SEK 2.4 billion in Q4 and SEK 9.3 billion for 2025, supported by higher adjusted EBITDA, lower interest paid, and strong working capital, while leverage remained at 1.93x. Capital expenditure excluding spectrum and leases decreased to SEK 12.8 billion for the year, reflecting lower investment levels, even as Q4 capex ticked up, and the company maintained its dividend, with the board proposing a slightly higher payout of SEK 2.05 per share for 2025. Telia also obtained all regulatory approvals for its recommended cash offer for broadband provider Bredband2 i Skandinavien AB and issued a 2026 outlook targeting around 2% like-for-like service revenue growth, around 3% adjusted EBITDA growth, capex below SEK 13 billion, and free cash flow of about SEK 9 billion, signaling confidence in meeting its 2027 financial ambitions and offering continued returns to shareholders.

The most recent analyst rating on (SE:TELIA) stock is a Buy with a SEK45.00 price target. To see the full list of analyst forecasts on Telia Company AB stock, see the SE:TELIA Stock Forecast page.

Telia Company Sets January 29 Date for Q4 and Full-Year 2025 Results

Telia Company has scheduled the publication of its fourth-quarter and full-year 2025 financial results for January 29, 2026, with the release set for early morning Central European Time. President and CEO Patrik Hofbauer and CFO Eric Hageman will present and discuss the results in an English-language conference call and live webcast later that morning, underscoring the company’s efforts to maintain transparency with investors and other stakeholders as it reports on its latest financial and operational performance.

The most recent analyst rating on (SE:TELIA) stock is a Buy with a SEK44.00 price target. To see the full list of analyst forecasts on Telia Company AB stock, see the SE:TELIA Stock Forecast page.

Telia Clears Regulatory Hurdle for Cash Offer to Acquire Bredband2

Telia Company AB has secured all necessary regulatory approvals, including clearance from the Swedish Competition Authority, for its recommended cash offer to acquire all shares in Swedish broadband provider Bredband2 i Skandinavien AB. With the competition condition now fulfilled, the offer is no longer contingent on further governmental or regulatory decisions, although other terms set out in the offer document remain in effect. The acceptance period runs until January 30, 2026, with settlement expected to begin around February 6, 2026, assuming Telia confirms that all remaining conditions have been met or decides to complete the offer, and the company retains the option to adjust the timetable within legal limits.

The most recent analyst rating on (SE:TELIA) stock is a Sell with a SEK36.00 price target. To see the full list of analyst forecasts on Telia Company AB stock, see the SE:TELIA Stock Forecast page.

Telia Extends Offer for Bredband2 with New Supplement

Telia Company AB has announced a supplement to its offer document regarding a cash offer to acquire all shares of Bredband2 i Skandinavien AB. The supplement includes Bredband2’s interim report for January to September 2025, and the acceptance period for the offer has been extended until January 30, 2026. This move is part of Telia’s strategic efforts to expand its market presence and enhance its service offerings in the telecommunications sector.

The most recent analyst rating on (SE:TELIA) stock is a Sell with a SEK36.00 price target. To see the full list of analyst forecasts on Telia Company AB stock, see the SE:TELIA Stock Forecast page.