VOD
Vodafone Group Public Limited Company$15.12
LiveJun 02, 2026
Market cap
$34.89B
52w range
9.80 – 16.61
P / E
—
EPS
—
Volume
2.8M
Revenue · FY
$40.73B
Explain this page
Arphra AIPlain-English read on Vodafone Group Public Limited Company’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Headline | |||||
| Market cap | $31.23B | — | — | — | — |
| Enterprise value | $74.93B | — | — | — | — |
| Multiples | |||||
| P / E | — | — | — | — | — |
| P / B | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — |
| EV / Sales | 1.84 | — | — | — | — |
| EV / FCF | 8.73 | — | — | — | — |
| Yields | |||||
| Earnings yield | -1.28% | — | — | — | — |
| Free cash flow yield | +27.49% | — | — | — | — |
| Dividend yield | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Margins | |||||
| Gross margin | +31.47% | +31.42% | +31.89% | +30.86% | +30.96% |
| Operating margin | +8.61% | +8.37% | +8.59% | +8.49% | +8.61% |
| EBITDA margin | +39.39% | +40.12% | +40.35% | +39.71% | +39.39% |
| EBIT margin | +8.61% | +8.84% | +8.76% | +8.74% | +8.42% |
| Pre-tax margin | +4.61% | +4.48% | +4.52% | +4.48% | +4.63% |
| Net margin | -0.98% | -0.97% | -0.97% | -0.98% | -0.96% |
| Cost structure | |||||
| Cost of revenue / sales | +68.53% | +67.88% | +67.70% | +69.25% | +67.37% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +22.86% | +22.88% | +23.02% | +23.50% | +22.96% |
| Effective tax rate | +96.83% | — | — | — | — |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Returns | |||||
| Return on equity (ROE) | -0.73% | -0.71% | -0.72% | -0.74% | -0.71% |
| Return on assets (ROA) | -0.31% | -0.30% | -0.30% | -0.30% | -0.30% |
| Return on capital (ROC) | +3.28% | +3.16% | +3.29% | +3.24% | +3.27% |
| Return on invested capital (ROIC) | +2.46% | +2.37% | +2.47% | +2.43% | +2.46% |
| Asset turnover | +31.32% | +31.05% | +31.02% | +31.21% | +31.00% |
| DuPont · ROE decomposition | |||||
| Net margin | -0.98% | -0.97% | -0.97% | -0.98% | -0.96% |
| Asset turnover (× revenue / assets) | +31.32% | +31.05% | +31.02% | +31.21% | +31.00% |
| Equity multiplier (× assets / equity) | +238.97% | +235.15% | +241.52% | +244.07% | +238.81% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Turnover | |||||
| Asset turnover | 0.31 | 0.31 | 0.31 | 0.31 | 0.31 |
| Fixed-asset turnover | 1.19 | — | — | — | — |
| Inventory turnover | 46.79 | — | — | — | — |
| Receivables turnover | 3.78 | — | — | — | — |
| Payables turnover | 1.79 | — | — | — | — |
| Days outstanding | |||||
| Days sales outstanding (DSO) | 96.61 | — | — | — | — |
| Days inventory outstanding (DIO) | 7.80 | — | — | — | — |
| Days payables outstanding (DPO) | 203.92 | — | — | — | — |
| Cash conversion cycle | -99.51 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Operating CF / Net income | -33.75 | -33.75 | -34.82 | -33.45 | -34.03 |
| FCF / Net income | -21.48 | -21.94 | -21.19 | -21.10 | -22.12 |
| FCF margin | +21.07% | +21.22% | +20.49% | +20.60% | +21.23% |
| OCF margin | +33.11% | +32.64% | +33.67% | +32.66% | +32.66% |
| CapEx / Revenue | +12.04% | +12.33% | +12.16% | +11.77% | +12.07% |
| CapEx / D&A | 0.39 | — | — | — | — |
| Stock-based comp / Revenue | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| EPS · diluted | -0.16 | 1.12 | 1.31 | 1.57 | 2.13 |
| EPS · basic | -0.16 | 1.11 | 1.33 | 1.58 | 2.12 |
| Book value / share | 22.64 | 25.34 | 25.16 | 25.76 | 27.33 |
| Tangible BV / share | 7.53 | 25.34 | 25.16 | 25.76 | 27.33 |
| Sales / share | 16.95 | 18.50 | 18.85 | 19.62 | 20.23 |
| Operating CF / share | 5.61 | 6.04 | 6.35 | 6.41 | 6.61 |
| Free cash flow / share | 3.57 | 3.93 | 3.86 | 4.04 | 4.30 |
| Dividends / share | 0.46 | 0.50 | 0.51 | 0.52 | 0.55 |
| Payout ratio | -275.31% | -278.47% | -280.48% | -273.25% | -280.80% |
| Retention ratio | +375.31% | +378.47% | +380.48% | +373.25% | +380.80% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E | 4y CAGR |
|---|---|---|---|---|---|---|
| Top-line | ||||||
| Revenue · YoY | — | +8.83% | +2.07% | +4.09% | +3.38% | +4.56% |
| Gross profit · YoY | — | +8.64% | +3.61% | +0.73% | +3.73% | +4.14% |
| Profit | ||||||
| Operating income · YoY | — | +5.80% | +4.77% | +2.79% | +4.88% | +4.55% |
| EBITDA · YoY | — | +10.83% | +2.66% | +2.44% | +2.56% | +4.56% |
| Net income · YoY | — | -7.27% | -2.05% | -5.12% | -1.61% | — |
| Operating | ||||||
| EBIT · YoY | — | +11.65% | +1.23% | +3.77% | -0.33% | +3.98% |
| R&D · YoY | — | — | — | — | — | — |
| Per-share | ||||||
| EPS · diluted · YoY | — | +799.42% | +17.15% | +19.88% | +35.43% | — |
| EPS · basic · YoY | — | +790.91% | +20.11% | +19.06% | +33.82% | — |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|
| Leverage | |||||
| Total debt | $52.69B | $56.63B | $57.92B | $61.61B | $62.26B |
| Net debt | $43.7B | $46.63B | $47.9B | $51.47B | $51.67B |
| Net debt / EBITDA | 2.72 | 2.62 | 2.62 | 2.75 | 2.69 |
| Debt / equity | 0.97 | 0.93 | 0.96 | 1.00 | 0.95 |
| Debt / assets | +40.51% | +39.67% | +39.71% | +40.82% | +39.64% |
| Equity / assets | +41.85% | +42.53% | +41.40% | +40.97% | +41.87% |
| Coverage | |||||
| EBITDA / interest expense | 6.71 | 6.79 | 7.00 | 6.88 | 6.74 |
| Operating income / interest | 1.47 | 1.42 | 1.49 | 1.47 | 1.47 |
| Interest expense | $2.39B | $2.62B | $2.61B | $2.72B | $2.85B |
| Liquidity | |||||
| Current ratio | 1.13 | — | — | — | — |
| Quick ratio | 1.11 | — | — | — | — |
| Cash ratio | 0.37 | — | — | — | — |
| Working capital | $3.13B | — | — | — | — |
| Working capital / revenue | +7.68% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2026 |
|---|---|
| P / E | — |
| P / B | — |
| EV / EBITDA | — |
| EV / Sales | 1.84x |
| Earnings yield | -1.3% |
| FCF yield | 27.5% |
Returns
| Metric | FY 2026 |
|---|---|
| Gross margin | — |
| Operating margin | — |
| Net margin | — |
| ROE | -0.8% |
| ROA | -0.3% |
| ROIC | 0.1% |
Leverage & liquidity
| Metric | FY 2026 |
|---|---|
| Debt / equity | — |
| Net debt / EBITDA | 2.72 |
| Interest coverage | — |
| Current ratio | 1.13x |
| Quick ratio | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).