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Vodafone Group (VODN) Fair Value & Analysis

Communication Services · MX · Market cap 598B MXN

VG Vodafone Group VODN · MX
Price259.50 MXN
Fair Value507.27 MXN
Upside+95.5%
Quality64/100
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Weak Growth
Loss-making · -1.0% net margin
Moderate debt · generates free cash flow
Narrow moat 30/100
Evidence: High Range 376.81 MXN – 637.73 MXN Share as image

Fair value as of: Jul 19, 2026

From 16 valuation models · updated 19 days ago

Fair value updated Jul 19, 2026, revised from 39.84 MXN to 507.27 MXN (+1,173.3%) since Jun 24, 2026.

A solid business, screening 95% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (376.81 MXN). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

283.21 MXN 125.22 MXN Fair Value 507.27 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range 125.22 MXN – 283.21 MXN · fair‑value band 376.81 MXN – 637.73 MXN · the 259.50 MXN price screens below the 507.27 MXN fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Vodafone Group (VODN) currently trades at 259.50 MXN, while our model-based Fair Value estimate is 507.27 MXN, implying the stock looks roughly 95.5% undervalued today. We read business quality at 64/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Vodafone Group generated revenue of 40.5B MXN at a net margin of -1.0%. Revenue grew 7.3% year over year. It earns a return on equity of 0.1%. Net debt stands at 33.5B MXN. Fundamentals as of Jul 19, 2026

Our scenario range runs from 376.81 MXN (bear case) to 637.73 MXN (bull case); at 259.50 MXN, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at 95%, VODN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 612.52 MXN 1,001 MXN 1,700 MXN 80
Rev-Margin DCF 225.79 MXN 461.07 MXN 758.46 MXN 74
ROIC Compounder 45.59 MXN 122.08 MXN 190.00 MXN 72
All 16 models by family
DCF Models
FCF DCF 564.79 MXN 960.39 MXN 1,733 MXN 38
Owner Earnings 259.45 MXN 528.69 MXN 1,053 MXN 31
5Y Revenue Exit 225.79 MXN 439.65 MXN 751.11 MXN 39
5Y EBITDA Exit 1,097 MXN 1,943 MXN 3,070 MXN 41
10Y Revenue Exit 333.49 MXN 512.78 MXN 700.33 MXN 36
10Y EBITDA Exit 887.88 MXN 1,475 MXN 2,116 MXN 37
Earnings-Based
EPV 45.59 MXN 122.08 MXN 190.00 MXN 59
Dividend Discount
Gordon GGM 139.82 MXN 153.59 MXN 175.01 MXN 70
DDM Multi-Stage 139.82 MXN 180.21 MXN 237.42 MXN 61
Multiples
EV/EBIT 283.62 MXN 507.27 MXN 731.23 MXN 53
EV/EBITDA 1,710 MXN 2,410 MXN 3,109 MXN 54
EV/Revenue 64.56 MXN 258.53 MXN 452.50 MXN 43
Asset-Based
NCAV (Graham) 336.24 MXN 450.67 MXN 672.79 MXN 50
Growth DCF
Growth DCF 612.52 MXN 1,001 MXN 1,700 MXN 80
Rev-Margin DCF 225.79 MXN 461.07 MXN 758.46 MXN 74
Economic Profit
ROIC Compounder 45.59 MXN 122.08 MXN 190.00 MXN 72

Widest divergence: DCF Models (528.69 MXN) versus Earnings-Based (122.08 MXN). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 40.5B MXN
Revenue growth (YoY) +7.3%
Net margin -1.0%
Return on equity 0.1%
Free cash flow 7.0B MXN FY2026
Operating margin 7.8%
More key figures
EPS (TTM) -2.44 MXN
Dividend yield 0.0%
EPS growth (YoY) -15.4%
Net debt 33.5B MXN FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 56 · Market factors (momentum, volatility) 79

Profitability 14
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 97
Calm price path (market factor)
Momentum 64
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Vodafone Group Public Limited Company provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa. It offers mobile and fixed services; connectivity business solutions, such as digital services, the Internet of Things (IoT) and financial services; and IoT platforms.

Full company description

Vodafone Group Public Limited Company provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa. It offers mobile and fixed services; connectivity business solutions, such as digital services, the Internet of Things (IoT) and financial services; and IoT platforms. The company also provides cloud, multi-cloud, and edge computing solutions; M-PESA, an African mobile money platform to make payments and offer financial services; and international voice and roaming services. In addition, it offers unified communications, mobile connectivity, IoT connectivity, cloud and edge, E2E solutions, and security services; leases fibre and other fixed connectivity services; and engages in infrastructure assets, shared operations, growth platforms, retail, and service operations. The company serves private and public sector customers in health, banking and finance, transport and logistics, retail, utilities, and agriculture industries. Vodafone Group Public Limited Company was incorporated in 1984 and is based in Newbury, the United Kingdom.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Vodafone Group reported revenue of 40.5B MXN in FY2026 versus 45.6B MXN in FY2022, a compound −2.9%/yr. Reported net income was −397M MXN in FY2026.

Growth Quality 24/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
40.5B MXN
Latest YoY
+8.0%
Avg. growth/yr (3Y)
−4.0%
Avg. growth/yr (5Y)
−1.6%
Avg. growth/yr (13Y)
+0.5%
Revenue −2.9%/yr
FY22 45.6B MXN
FY23 45.7B MXN
FY24 36.7B MXN
FY25 37.4B MXN
FY26 40.5B MXN
Net income
FY22 2.1B MXN
FY23 11.8B MXN
FY24 1.1B MXN
FY25 −4.2B MXN
FY26 −397M MXN

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Cite: Fair Value Calculator (2026). "Vodafone Group Fair Value". https://www.fairvalue-calculator.com/stock/VODN

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%
TLKM TLKM 2,530 IDR 3,898 IDR +54%

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Frequently asked questions

Is Vodafone Group (VODN) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of 507.27 MXN versus a price of 259.50 MXN, about +95% (undervalued).
What is the fair value of VODN?
Our model-based fair value for Vodafone Group is 507.27 MXN (as of Jul 19, 2026), built from audited fundamentals. The current price is 259.50 MXN.
What is the quality score of VODN?
Vodafone Group has a Quality Score of 64/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Vodafone Group (VODN)?
Vodafone Group reported trailing-twelve-month revenue of about 40.5B MXN (latest available figure, as of Jul 19, 2026).
What is the net profit margin of VODN?
The net profit margin of Vodafone Group is about -1.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Vodafone Group pay a dividend?
Vodafone Group currently shows a dividend yield of about 0.02% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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