Equity Research of Vodafone Group PLC

João Santos Simões

Master's thesis

Anotácia:

The aim of this thesis is to understand and analyze Vodafone Group Plc business and provide a recommendation for an investor. From the analysis, the investor for Vodafone would be a combination of a value investor and an income investor. The current stock price, which stands at its lowest point in the past two decades, coupled with assessments derived from discounted cash flow (DCF) and market multiples valuation methods, unequivocally indicate that the stock is significantly undervalued and possesses strong fundamentals, aligning well with the principles of value investing. Additionally, Vodafone's consistent payment of semiannual dividends, which rank among the highest on the FTSE index, makes it particularly appealing to income-oriented investors seeking stable returns.

Abstract:

The aim of this thesis is to understand and analyze Vodafone Group Plc business and provide a recommendation for an investor. From the analysis, the investor for Vodafone would be a combination of a value investor and an income investor. The current stock price, which stands at its lowest point in the past two decades, coupled with assessments derived from discounted cash flow (DCF) and market multiples valuation methods, unequivocally indicate that the stock is significantly undervalued and possesses strong fundamentals, aligning well with the principles of value investing. Additionally, Vodafone's consistent payment of semiannual dividends, which rank among the highest on the FTSE index, makes it particularly appealing to income-oriented investors seeking stable returns.

Kľúčové slová

Vodafone, Telecommunications, Strategy, Undervalued, DCF, Market Multiples

Keywords

Market Multiples, Undervalued, DCF, Strategy, Vodafone, Telecommunication

Jazyk práce: English

Datum vytvoření / odevzdání či podání práce: 9. 5. 2024

Obhajoba závěrečné práce

• Obhajoba proběhla 12. 6. 2024
• Vedúci: Tomáš Krabec
• Oponent: Martin Husák

Vysoká škola ekonomická v Praze

Master programme:
Finance and Accounting