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STOCK COMPARISON

China Mobile vs Tele2 AB (publ): Fair Value & Quality

Both stocks run through our valuation models. Here is how China Mobile (80941) and Tele2 AB (publ) (TEL2-A) compare, as of Oct 3, 2026.

As of Oct 3, 2026, Fair Value Calculator sees China Mobile as the more attractively valued of the two: China Mobile trades at HK$67.20 versus a fair value of HK$115 (+70.9%), while Tele2 AB (publ) trades at SEK 164 versus SEK 114 (−30.5%).
China Mobile
80941.HK · HKD · Communication Services
+70.9%
upside to fair value
undervalued
PriceHK$67.20
Fair ValueHK$115
Quality57/100
Tele2 AB (publ)
TEL2-A.ST · SEK · Communication Services
−30.5%
upside to fair value
overvalued
PriceSEK 164
Fair ValueSEK 114
Quality69/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

China MobileTele2 AB (publ)
Valuation
n/aP/E (TTM)11.6×
0.22×P/S (TTM)3.79×
0.16×P/B5.13× · book value is mostly goodwill
0.5×EV/EBITDA11.1×
n/aPEG3.80×
+70.9%Fair value upside−30.5%
6.9%Dividend yield6.4%
HK$4.67Dividend per shareSEK 10.50
Profitability
11.0%Operating margin24.3%
1.03×EBIT margin trend (5Y)0.79×
9.6%Return on equity47.6%
4.3%Return on assets7.1%
Growth
1.0%Revenue growth (YoY)1.9%
3.9%Avg. growth/yr (3Y)2.1%
n/aAvg. growth/yr (5Y)2.4%
n/aValue creation/yr+7.6%
Balance & size
n/aInterest coverage (EBIT/interest)6.7×
n/aDebt / equity0.90×
$227BMarket cap$11B
healthyGrowth qualityhealthy

China Mobile leads: 6 to 2 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

China Mobileof which business quality 60 · market factors 50 Tele2 AB (publ)of which business quality 64 · market factors 56
ProfitabilityMargins and returns on capital today
47
52
Quality GrowthAre margins and returns improving?
38
55
CashflowEarnings quality: real cash, not paper profit
75
88
Fin. StrengthBalance sheet, leverage, solvency risk
81
40
InvestmentDisciplined investing over empire-building
29
81
Low VolatilityCalm price path (market factor)
100
91
MomentumPrice trend over the last 3–12 months (market factor)
37
39
52W MomentumDistance to the 52-week high (market factor)
16
43
Net IssuanceShare count: buybacks or dilution?
74
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyChina MobilePrice HK$67.20Tele2 AB (publ)Price SEK 164
DCF Models+50.4%above the priceHK$101−25.6%below the priceSEK 122
Earnings-Based−10.5%close to the priceHK$60.12−59.6%below the priceSEK 66.04
Dividend Discount−27.6%below the priceHK$48.65n/a
Multiples+34.8%above the priceHK$90.62−28.2%below the priceSEK 117
Asset-Based−47.6%below the priceHK$35.20−86.9%below the priceSEK 21.36
Growth DCF+32.4%above the priceHK$89.00−24.6%below the priceSEK 123
Economic Profit−19.3%below the priceHK$54.24−66.4%below the priceSEK 54.90
Growth Earnings+28.6%above the priceHK$86.42−33.3%below the priceSEK 109
Minimum−47.6%below the priceHK$35.20−86.9%below the priceSEK 21.36
Maximum+50.4%above the priceHK$101−24.6%below the priceSEK 123
Median+9.0%close to the priceHK$73.27−33.3%below the priceSEK 109
Geometric mean−0.7%close to the priceHK$66.73−53.4%below the priceSEK 76.18

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

China Mobile: 7 of 24 models see the stock below the current price.

Tele2 AB (publ): 20 of 22 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

China Mobile
Price HK$67.20
Fair Value HK$115
Bear HK$87.17Bull HK$143
Tele2 AB (publ)
Price SEK 164
Fair Value SEK 114
Bear SEK 85.20Bull SEK 151

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

China Mobile · Communication Services

Quality score57 · above median
Fair value upside+70.9% · Top 25%

Tele2 AB (publ) · Communication Services

Quality score69 · Top 25%
Fair value upside−30.5% · below median

Bottom line

As of Oct 3, 2026, Fair Value Calculator sees China Mobile as the more attractively valued of the two: China Mobile trades at HK$67.20 versus a fair value of HK$115 (+70.9%), while Tele2 AB (publ) trades at SEK 164 versus SEK 114 (−30.5%).

Tele2 AB (publ) has the higher quality score (69/100).

Open China Mobile live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.