Tele2 AB (publ)

TEL2-A.ST

Telecommunications Services · Communication Services

Exchange

Stockholm Stock Exchange

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Strong

Growth

Strong

Cash Flow

Exceptional

Stability

Good

Valuation

Good

Dividends

Exceptional

Track this stock — start free trial

Winston Score History

The full picture

Tele2 AB is a Swedish telecommunications company that provides mobile phone service, home internet, and TV to everyday consumers and businesses. It operates mainly in Sweden and the Baltic states — Estonia, Latvia, and Lithuania — and owns the Tele2 brand, which is one of the most recognized telecom names in the Nordic region. The company competes in an industry where customers need reliable connectivity for daily life and work.

Tele2 makes money by charging monthly subscription fees for mobile plans, broadband, and bundled TV packages. It is a mid-sized European telecom with a market cap around $121 billion Swedish kronor, and its moat comes from owning physical network infrastructure, which is expensive and slow for rivals to replicate. The main growth driver is expanding fiber broadband and 5G coverage, while the key risk is intense price competition from larger rivals like Telia, which can pressure margins over time.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+1.9% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+1.2% YoY

YoY Growth Rate

Slow EPS growth

Insider Activity

99.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

kr 3.6B cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Tele2 AB (publ) is growing revenue at 2% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

43.4%

Healthy — 43.4% gross margin

Profit after running costs

Operating Margin

24.1%

Excellent — 24.1% operating margin

Return on the money invested

ROCE

26.6%

Exceptional — 26.6% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+1.8%

Nearly flat sales (+1.8% YoY)

Profit growth

EPS YoY

+143.4%

Earnings growing fast (+143.4% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

113%

Turns 113% of profit into real cash

Spare cash per sale

FCF Margin

25.7%

Converts sales into free cash efficiently (25.7%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

1.04

Elevated debt (1.04)

Covers its interest

Interest Cover

12.37x

Comfortably covers interest (12.4x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

11.4x

no trend

Attractive valuation — P/E 11.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

-6.9

SLOWING

Earnings expected to fall — forward P/E higher than today

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

5.13%

no trend

Healthy income — 5.13% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+23.0%

no trend

Dividend growing fast (23.0% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial