Vodafone Group Plc (VOD)
NASDAQ:VOD
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Vodafone
(NASDAQ:VOD)
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Rating:60Neutral
Price Target:
$16.50
â–²(32.21% Upside)
Action:ReiteratedDate:02/27/26
The score is held back mainly by weak financial performance (declining revenue and recent losses) and only moderate valuation support (negative P/E despite a ~3.17% yield). Offsetting factors include strong technical uptrend signals and a constructive earnings-call outlook with improving service revenue/EBITDAaL trends, supportive guidance, and continued capital returns, though Germany and B2B pressures remain notable risks.
Positive Factors
Recurring & diversified revenue
Vodafone’s mix of subscription-based consumer mobile, fixed broadband, enterprise managed services and wholesale provides diversified, recurring revenue. This reduces reliance on any single market or product, smoothing cash flows and supporting durable investment in networks and shareholder returns.
Negative Factors
Declining revenue & losses
Multi-year revenue declines combined with negative EBIT and net income point to structural profitability issues. Ongoing losses erode margins and retained earnings, constrain reinvestment capacity, and increase the dependence on operational fixes to restore sustainable earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring & diversified revenue
Vodafone’s mix of subscription-based consumer mobile, fixed broadband, enterprise managed services and wholesale provides diversified, recurring revenue. This reduces reliance on any single market or product, smoothing cash flows and supporting durable investment in networks and shareholder returns.
Read all positive factors
Vodafone (VOD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.36B
Dividend Yield3.77%
Average Volume (3M)3.63M
Price to Earnings (P/E)7.4
Beta (1Y)0.47
Revenue Growth19.67%
EPS Growth-278.51%
CountryUS
Employees93,000
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.80
Shares Outstanding2,308,235,400
10 Day Avg. Volume3,032,718
30 Day Avg. Volume3,632,030
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.40
Price to Sales (P/S)0.61
P/FCF Ratio2.64
Enterprise Value/Market Cap2.15
Enterprise Value/Revenue2.01
Enterprise Value/Gross Profit6.13
Enterprise Value/Ebitda6.63
Forecast
1Y Price Target
$11.58Price Target Upside-7.21% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)1.22
Revenue Forecast (FY)$50.24B
Vodafone Business Overview & Revenue Model
Company Description
Vodafone Group Public Limited Company engages in telecommunication services in Europe and internationally. The company offers mobile services that enable customers to call, text, and access data; fixed line services, including broadband, televisio...
How the Company Makes Money
Vodafone generates revenue primarily through its mobile and fixed-line services, which include subscription fees from individual and business customers for voice, messaging, and data services. Key revenue streams include monthly service charges, d...
Vodafone Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how much revenue each business segment generates, highlighting which areas drive growth and which may need strategic adjustments.
Shows how much revenue each business segment generates, highlighting which areas drive growth and which may need strategic adjustments.
Data provided by:
The Fly
The FlyVodafone Earnings Call Summary
Earnings Call Date:Nov 11, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:May 19, 2026
Earnings Call Sentiment Positive
The earnings call provided a strong positive outlook with significant growth in revenue and EBITDAaL, successful M&A activities, and notable advancements in 5G network expansion. However, there remain challenges, particularly in Germany with underlying revenue growth and a slowdown in emerging markets' growth contribution due to moderating inflation.Positive Updates
Strong Financial Performance
Group service revenue growth accelerated to 5.8% in Q2, and EBITDAaL grew by 6.8% in the first half of the fiscal year, with nearly all markets posting EBITDAaL growth.
Negative Updates
Germany Revenue Challenges
Excluding wholesale, underlying German revenue trends are stable but not showing significant growth, with revenue still declining 2% to 3% if MDU effect and 1&1 impact are stripped out.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Financial Performance
Group service revenue growth accelerated to 5.8% in Q2, and EBITDAaL grew by 6.8% in the first half of the fiscal year, with nearly all markets posting EBITDAaL growth.
Read all positive updates
Company Guidance
In the recent call, Vodafone provided guidance reflecting solid financial and operational performance. The group’s service revenue growth accelerated to 5.8% in Q2, supported by strong performance across Europe and Africa. Group EBITDAaL grew by 6.8% in the first half of the fiscal year, with nearly all markets posting growth. Vodafone anticipates closing the year at the upper end of their growth guidance set in May, with a positive outlook for sustainable cash flow growth into FY '26 and beyond. Operationally, the company highlighted significant progress in Germany and the U.K., with 5G network coverage surpassing 90% of the German population and the successful merger of Vodafone and Three in the U.K. The company returned over EUR 5 billion to shareholders through buybacks and dividends in the last 18 months, with an additional EUR 1 billion of buybacks planned over the next six months. Additionally, Vodafone announced a move to a progressive dividend policy, aiming for annual growth in dividends.Vodafone Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 38.78B | 37.45B | 36.72B | 37.67B | 37.01B | 43.81B |
| Gross Profit | 12.75B | 12.52B | 12.26B | 13.31B | 13.06B | 13.72B |
| EBITDA | 11.78B | 11.61B | 14.78B | 25.79B | 16.86B | 21.01B |
| Net Income | -4.40B | -4.17B | 1.14B | 11.84B | 2.24B | 59.00M |
Balance Sheet | ||||||
| Total Assets | 128.86B | 138.83B | 144.35B | 168.97B | 171.40B | 155.06B |
| Cash, Cash Equivalents and Short-Term Investments | 13.53B | 19.90B | 10.53B | 20.34B | 17.16B | 11.87B |
| Total Debt | 53.91B | 57.41B | 58.51B | 72.13B | 77.99B | 66.80B |
| Total Liabilities | 72.25B | 80.59B | 83.35B | 98.91B | 107.90B | 97.25B |
| Stockholders Equity | 52.82B | 56.98B | 59.97B | 68.88B | 60.95B | 55.80B |
Cash Flow | ||||||
| Free Cash Flow | 10.23B | 8.67B | 9.70B | 13.10B | 13.53B | 11.80B |
| Operating Cash Flow | 14.23B | 15.37B | 16.56B | 18.05B | 18.08B | 17.21B |
| Investing Cash Flow | 43.81M | 4.76B | -6.12B | -379.00M | -6.87B | -9.26B |
| Financing Cash Flow | -13.83B | -15.28B | -15.86B | -13.43B | -9.71B | -15.20B |
Vodafone Technical Analysis
Positive
12.48
Price Trends
15.00
Positive
13.93
Positive
12.55
Positive
Market Momentum
0.16
Negative
69.27
Neutral
90.75
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VOD, the sentiment is Positive. The current price of 12.48 is below the 20-day moving average (MA) of 14.74, below the 50-day MA of 15.00, and below the 200-day MA of 12.55, indicating a bullish trend. The MACD of 0.16 indicates Negative momentum. The RSI at 69.27 is Neutral, neither overbought nor oversold. The STOCH value of 90.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VOD.
Vodafone Risk Analysis
Vodafone disclosed 13 risk factors in its most recent earnings report. Vodafone reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Vodafone Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $217.76B | 20.84 | 18.18% | 1.75% | 7.30% | 17.67% | |
72 Outperform | $202.62B | 10.02 | 16.62% | 6.60% | 2.42% | 102.17% | |
67 Neutral | $191.47B | 8.14 | 20.35% | 4.56% | 1.98% | 150.68% | |
62 Neutral | $80.31B | 14.48 | 17.05% | 2.69% | 1.14% | 83.48% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $36.36B | 7.35 | -8.37% | 3.77% | 19.67% | -278.51% |
* Communication Services Sector Average
VOD
Vodafone
15.77
7.69
95.10%
AMX
America Movil
26.29
12.76
94.31%
T
AT&T
27.35
1.80
7.04%
VZ
Verizon
48.04
7.23
17.70%
TMUS
T Mobile US
197.63
-54.19
-21.52%
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.