Telenor is the incumbent telecom operator in Norway and operates in Nordic and Asian countries. Its business is mature and growing slowly with high reliance on mobile operations, but it generates significant free cash flow and has increased dividends nicely in recent years. Telenor expanded into emerging markets earlier than many European telecom operators.
Norway provides Telenor with steady free cash flow, which allows the firm to invest in higher-risk but faster-growing emerging markets, particularly Asia.
Telecom regulators can encourage increased market competition to the detriment of the established players like Telenor.
|
Metric
|
TELNY
|
TELIA
|
TEL2 B
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 19.54 | 18.20 |
Price/Book Value | 2.54 | 1.79 | 3.04 |
Price/Sales | 2.12 | 1.12 | 2.49 |
Price/Cash Flow | 5.88 | 4.17 | 7.32 |
|
Metric
|
TELNY
|
TELIA
|
TEL2 B
|
|---|---|---|---|
Quick Ratio | 0.76 | 0.60 | 0.51 |
Current Ratio | 0.86 | 0.92 | 0.65 |
Interest Coverage | 1.07 | 1.31 | 5.22 |
|
Metric
|
TELNY
|
TELIA
|
TEL2 B
|
|---|---|---|---|
Return on Assets (Normalized) | −3.05% | 0.14% | 5.72% |
Return on Equity (Normalized) | −9.77% | 0.53% | 16.88% |
Return on Invested Capital (Normalized) | −2.76% | 2.65% | 8.51% |
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Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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