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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 Value494.99 MXN
Upside+90.8%
Quality57/100
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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 300.46 MXN – 624.56 MXN Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 507.27 MXN to 494.99 MXN (−2.4%) since Jul 19, 2026.

A solid business, screening 91% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (300.46 MXN). The market is more pessimistic than our downside scenario.
  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (300.46 MXN to 624.56 MXN) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

283.21 MXN 125.22 MXN Fair Value 494.99 MXN Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 125.22 MXN – 283.21 MXN · fair‑value band 300.46 MXN – 624.56 MXN · the 259.50 MXN price screens below the 494.99 MXN fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Vodafone Group (VODN) currently trades at 259.50 MXN, while our model-based Fair Value estimate is 494.99 MXN, implying the stock looks roughly 90.8% undervalued today. The Quality Score stands at 57/100 (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 Aug 13, 2026

Our scenario range runs from 300.46 MXN (bear case) to 624.56 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 14% fair-value upside, at 91%, 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (3.99 MXN to 71.73 MXN). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF 20.02 MXN 32.71 MXN 55.57 MXN 80
Rev-Margin DCF 7.38 MXN 15.07 MXN 24.79 MXN 74
ROIC Compounder 1.49 MXN 3.99 MXN 6.21 MXN 72
All 16 models by family
DCF Models
FCF DCF 18.46 MXN 31.39 MXN 56.63 MXN 38
Owner Earnings 8.48 MXN 17.28 MXN 34.43 MXN 31
5Y Revenue Exit 7.38 MXN 14.37 MXN 24.55 MXN 39
5Y EBITDA Exit 33.01 MXN 58.60 MXN 92.68 MXN 41
10Y Revenue Exit 10.90 MXN 16.76 MXN 22.89 MXN 36
10Y EBITDA Exit 27.25 MXN 45.05 MXN 64.49 MXN 37
Earnings-Based
EPV 1.49 MXN 3.99 MXN 6.21 MXN 59
Dividend Discount
Gordon GGM 4.57 MXN 5.02 MXN 5.72 MXN 70
DDM Multi-Stage 4.57 MXN 5.89 MXN 7.76 MXN 61
Multiples
EV/EBIT 6.83 MXN 13.33 MXN 19.83 MXN 53
EV/EBITDA 50.63 MXN 71.73 MXN 92.83 MXN 54
EV/Revenue 2.11 MXN 8.45 MXN 14.79 MXN 43
Asset-Based
NCAV (Graham) 10.99 MXN 14.73 MXN 21.99 MXN 50
Growth DCF
Growth DCF 20.02 MXN 32.71 MXN 55.57 MXN 80
Rev-Margin DCF 7.38 MXN 15.07 MXN 24.79 MXN 74
Economic Profit
ROIC Compounder 1.49 MXN 3.99 MXN 6.21 MXN 72

Widest divergence: DCF Models (17.28 MXN) versus Earnings-Based (3.99 MXN). Highest evidence: Growth DCF (80).

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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 Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

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) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−4.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.6%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+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

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥96.11 ¥109.88 +14%
Bharti Airtel Limited BHARTIARTL ₹1,945 ₹941.55 -52%
China Telecom Corporation 601728 ¥6.43 ¥8.36 +30%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Advanced Info Service Public Company ADVANC 374.00 THB 286.77 THB -23%
Chunghwa Telecom Co 2412 136.00 TWD 100.00 TWD -26%
Telefónica, S.A TEFN 75.67 MXN 108.96 MXN +44%
TLKM TLKM 2,590 IDR 3,898 IDR +50%
PT Indoritel Makmur Internasional Tbk., DNET 9,500 IDR 1,503 IDR -84%
SK Telecom Co 017670 91,100 KRW 41,693 KRW -54%

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Frequently asked questions

Is Vodafone Group (VODN) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 494.99 MXN versus a price of 259.50 MXN, about +91% (undervalued).
What is the fair value of VODN?
Our model-based fair value for Vodafone Group is 494.99 MXN (as of Aug 13, 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 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they 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 Aug 13, 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 Aug 13, 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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