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Vodafone Group PLC - Stock Quote VOD

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Morningstar's Vodafone Group PLC Stock Analysis

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Is it the right time to buy or sell?

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Economic Moat


Capital Allocation


Downgrading Our Vodafone Moat Rating, Fair Value Estimate; Portfolio Simplification Is a Priority

Javier Correonero Equity Analyst

Analyst Note

| Javier Correonero |

We are relaunching coverage of Vodafone and downgrading our moat rating to none from narrow. Although Vodafone is competitively advantaged in Germany (its main market) and other minor European geographies, we believe its Italian and Spanish divisions are value-destructive. While the United Kingdom is not destructive, it remains a highly competitive market. We are reducing our fair value estimate to GBX 135 per share from GBX 185 to account for the moat downgrade and more conservative revenue assumptions.

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Key Statistics - VOD

Vodafone Group PLC's Company Profile

Business Description

Vodafone operates mobile and fixed-line networks and businesses in more than 20 countries. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns a cable network after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the U.K. and Italy, it acts as a mobile operator, while in Spain, it offers converged services after the acquisition of cable operator Ono in 2014. Vodafone also has operations in several Central European and African countries, which combined represent around one third of revenue.

Vodafone House, The Connection
Newbury, Berkshire, RG14 2FN, United Kingdom
T +44 163533251
Industry Telecom Services
Most Recent Earnings Sep 30, 2008
Fiscal Year End Mar 31, 2023
Stock Type
Employees 95,008