Telenor ASA (TELNY) AI Stock Analysis

• Market Cap: $20.26B
• Dividend Yield: 5.75%
• Average Volume (3M): 10.16K
• Price to Earnings (P/E): 19.6
• Beta (1Y): >-0.01
• Revenue Growth: 1.54%
• EPS Growth: 10.58%
• Country: US
• Employees: 10,867
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 0.19
• Shares Outstanding: 1,368,350,000
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 10,157
• PEG Ratio: 0.24
• Price to Book (P/B): 2.28
• Price to Sales (P/S): 2.18
• P/FCF Ratio: 9.65
• Enterprise Value/Market Cap: 1.58
• Enterprise Value/Revenue: 0.40
• Enterprise Value/Gross Profit: 0.51
• Enterprise Value/Ebitda: 0.84
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 62 Neutral
• Price Target: $16.50 ▲(0.00% Upside)

Telenor ASA's overall stock score reflects a mixed financial performance with strong gross margins but challenges in profitability and leverage. Technical analysis indicates bearish momentum, while valuation metrics are favorable with a high dividend yield. The earnings call provided a positive outlook with growth in the Nordics and strategic partnerships, though risks in Asia and competitive markets remain.

Telenor ASA Business Overview & Revenue Model

Company Description

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging. Its fixed line services consist of telephony, Internet and TV, and leased lines, as well as data and managed services; and broadcasting and data communication services through satellite, terrestrial radio, and TV transmission. The company also provides machine-to-machine communication, as well as internet based services and financial services. Telenor ASA was founded in 1855 and is headquartered in Fornebu, Norway.

How the Company Makes Money

Telenor generates revenue primarily through its mobile and fixed-line telecommunications services. Key revenue streams include subscription fees from mobile and broadband services, usage-based charges, and value-added services such as mobile payments and digital content. The company also earns income from partnerships and collaborations with various technology and content providers, enhancing its service offerings. Additionally, Telenor benefits from economies of scale and operational efficiencies, which help maintain healthy margins. The company has made strategic investments in emerging markets, contributing to its revenue growth through increased customer acquisition and service diversification.

Telenor ASA Financial Statement Overview

Summary

Telenor ASA shows a strong financial position with robust cash flows and a solid balance sheet. The company faces declining revenue and profit margins, but maintains competitive margins and a healthy equity ratio. Financial stability is supported by moderate leverage and strong cash generation.

Income Statement

Telenor ASA shows a steady but declining revenue trend with a TTM revenue of 80,177 million compared to past years. Gross profit margin for TTM is robust at approximately 69.4%, indicating efficient cost management. However, net profit margin has decreased to 12.1% from 23.9% in the previous year, indicating tightened profitability. The EBIT margin at 21.7% and EBITDA margin at 45.5% remain competitive, though they have seen a decline in comparison to previous periods.

Balance Sheet

The balance sheet reflects a strong equity position with an equity ratio of 33.6% for TTM. The debt-to-equity ratio is at 1.29, indicating moderate leverage, which is typical in the telecommunications industry. Return on equity (ROE) is healthy at 13.2% for TTM, although it has decreased from previous years, suggesting pressure on generating returns from equity capital.

Cash Flow

Telenor ASA's cash flow statement presents stable free cash flow, with a slight decrease in free cash flow growth. The operating cash flow to net income ratio is strong at 3.13 for TTM, demonstrating solid cash generation relative to earnings. The free cash flow to net income ratio stands at 1.84, indicating ample free cash flow available despite a decline from previous years.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	80.56B	79.93B	80.45B	98.95B	110.24B	122.81B
Gross Profit	62.97B	62.20B	61.40B	72.55B	81.06B	93.04B
EBITDA	38.12B	46.23B	22.89B	39.39B	50.57B	56.77B
Net Income	10.93B	18.34B	13.73B	13.65B	11.34B	17.34B
Balance Sheet
Total Assets	219.33B	229.58B	218.38B	239.25B	225.74B	256.53B
Cash, Cash Equivalents and Short-Term Investments	7.46B	10.77B	20.86B	10.26B	15.60B	20.97B
Total Debt	100.04B	101.62B	102.19B	118.52B	131.40B	150.00B
Total Liabilities	149.50B	147.04B	147.95B	174.88B	194.25B	212.62B
Stockholders Equity	64.57B	76.62B	64.48B	60.13B	26.29B	38.32B
Cash Flow
Free Cash Flow	17.11B	18.10B	14.39B	19.92B	22.82B	24.82B
Operating Cash Flow	29.48B	31.48B	29.12B	39.22B	42.27B	43.82B
Investing Cash Flow	-13.07B	-11.49B	-18.30B	-23.14B	-17.23B	-10.56B
Financing Cash Flow	-24.07B	-29.39B	-1.53B	-23.98B	-27.90B	-27.58B

Telenor ASA Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 16.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TELNY, the sentiment is Negative. The current price of 16.5 is above the 20-day moving average (MA) of 16.07, above the 50-day MA of 16.29, and above the 200-day MA of 14.59, indicating a neutral trend. The MACD of -0.29 indicates Positive momentum. The RSI at 26.53 is Positive, neither overbought nor oversold. The STOCH value of -0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TELNY.

Telenor ASA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VIV	―	$19.16B	19.02	8.36%	5.07%	-6.51%	-0.21%
TLK	―	$19.84B	14.96	15.54%	6.37%	-5.13%	-5.90%
TELNY	―	$20.26B	19.59	15.01%	5.75%	1.54%	10.58%
Sector *	―	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
SKM	―	$7.71B	19.27	―	4.97%	-8.16%	-51.97%
TEF	―	$27.89B	―	-3.55%	6.71%	-4.73%	-251.31%
VOD	―	$28.93B	―	-7.17%	4.35%	0.89%	-494.16%

Telenor ASA Corporate Events

Telenor ASA Reports Strong Q3 2025 Performance

Telenor ASA (ADR) is a leading telecommunications company operating in the Nordics and Asia, known for its customer-focused and technology-driven communication services. In the third quarter of 2025, Telenor reported solid financial performance, driven by strong results in the Nordics and steady progress in Asia. The company achieved a 2.7% increase in service revenues and a 5.4% rise in adjusted EBITDA on an organic basis, with free cash flow before M&A reaching NOK 4,191 million. Key highlights include a strategic partnership with Vodafone and continued growth in mobile subscriptions in the Nordics. Despite challenges in Asia, particularly in Bangladesh, Telenor’s strategic initiatives and cost management efforts contributed to positive EBITDA growth. Looking ahead, Telenor remains focused on delivering value to its customers and shareholders, with expectations of continued growth in service revenues and adjusted EBITDA for the remainder of 2025.

Telenor ASA Earnings Call: Strong Nordics, Asia Challenges

The recent earnings call for Telenor ASA (ADR) conveyed a generally positive sentiment, highlighting strong performance in the Nordics and strategic initiatives such as the Vodafone partnership. Despite these positive notes, the company faces challenges in Asia, particularly with data costs and the financial situation of CelcomDigi. Telenor is addressing these challenges while continuing to focus on growth and efficiency.