Vodafone (VOD)

Company name:	Vodafone Group Plc
Company Description:	A group engaged in the supply of communications services and products
EPIC:	VOD	Trading Currency:	GBX
Market Sector:	FE10	ISIN:	GB00BH4HKS39
Market Segment:	SET1	Share Type:	DE
WWW Address:	http://www.vodafone.com/	Description:	ORD USD0.20 20/21
Industry Sector:	MOBILE TELECOMMUNICATIONS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
127.68	-2.62 [-2.01]	127.22	127.28	129.90	130.08	126.94	200,027,466
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
34,262.05	26,834.31	0.07	0.32	7.68	393.12	6.01	142.74 - 100.54

Vodafone Key Figures

(at previous day's close)
Market Cap.	34,262.05	m
Shares In Issue	26,834.31	m
Prev. Close	130.30
PE Ratio	393.12
Dividend Yield	6.01	%
EPS - basic	0.32	p
Dividend PS	7.68	p
Dividend Cover	-
Cash Flow PS	54.72	p
Return On Equity (ROE)	0.20	%
Operating Margin	10.04	%
PEG Factor	3.51
EPS Growth Rate	112.14	%
Dividends PS Growth Rate	-	%
Net Debt	77,980.59	m
Gross Gearing	62.71	%
Quick Assets	38,195.36	m
Net Working Capital	14,283.28	m
Intangibles / Fixed Assets	48.86	%
Turnover PS	139.25	p
Pre-Tax Profit PS	13.99	p
Retained Profit PS	-7.36	p
Cash PS	18.50	p
Net Cash PS	-72.76	p
Net Tangible Asset Value PS *	7.17	p
Net Asset Value PS	183.77	p
Spread	0.06 (0.05%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Vodafone Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	132.34	126.94
4 weeks	132.34	125.64
12 weeks	142.74	124.88
1 year	142.74	100.54

Share Price Chart (5 years)

Vodafone Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	129.74	-2.06	-1.59	126.94	80.39		130.91
4 weeks	128.20	-0.52	-0.41	125.64	79.10		128.97
12 weeks	135.70	-8.02	-5.91	124.88	76.93		133.22
26 weeks	125.88	1.80	1.43	119.78	75.87		130.99
1 year	128.54	-0.86	-0.67	100.54	73.06		124.39
3 years	184.90	-57.22	-30.95	92.76	82.36		139.03
5 years	215.85	-88.17	-40.85	92.76	74.64		163.80
† periods calculated are whole weeks rather than calendar months

Vodafone Key Management Ratios

Vodafone Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	3.64
PE Ratio	393.12
Tobin's Q Ratio	0.21
Tobin's Q Ratio (excl. intangibles)	0.32
Dividend Yield	6.01	%
Market-to-Book Ratio	0.72
Price-to-Pre-Tax Profit PS	9.13
Price-to-Retained Profit PS	-17.35
Price-to-Cash Flow PS	2.33
Price-to-Sales PS	0.92
Price-to-Net Tangible Asset Value PS	9.41
Price-to-Cash PS	6.90
Net Working Capital PS	53.23
Price Pct to Working Capital PS	2.40	%
Earnings Yield	0.25	%
Average PE	187.48
Years in average	2
PE to PE average	209.68	%

Vodafone Financial Ratios

(Leverage Ratios)
Debt Ratio	54.24	%
Debt-to-Equity Ratio	1.19
Debt-to-Equity Ratio (excl. Intgbl)	16.06
Debt-to-Equity Market Value	1.71
Net Gearing	58.96	%
Net Gearing (excl. Intangibles)	90.06	%
Gross Gearing	62.71	%
Gross Gearing (excl. Intangibles)	95.80	%
Gearing Under 1 Year	18.52	%
Gearing Under 1 Year (excl. Intgbl)	28.28	%
Assets/Equity	2.68
Cash/Equity	10.07
(Liquidity Ratios)
Net Working Capital to Total Assets	10.80	%
Current Ratio	1.58
Quick Ratio (Acid Test)	1.56
Liquidity Ratio	0.20
Cash & Equiv/Current Assets	12.81	%
(Solvency Ratios)
Enterprise Value	89,470.08	m
CFO/Sales	0.39
CFO/Attributable Profit	153.71
CFO/Assets	0.11
CFO/Debt	0.18
Total Debt/Equity Market Value	2.42
Total Debt/Sales	2.22
Total Debt/Pre-Tax Profit	22.10
Total Debt	82,945.53	m
Total Debt/Net Current Assets	5.81	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	12

Beta (60-Mnth)	Beta (36-Mnth)
0.0654	0.0463

Vodafone Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	3.48	%
Return On Assets (ROA)	0.06	%
Net Profit Margin	0.26	%
Assets Turnover	0.23
Return On Equity (ROE)	0.20	%
Return On Investment (ROI)	0.07	%
Dividend Payout Ratio	2,368.42	%
Plowback Ratio	-2,268.42	%
Growth from Plowback Ratio	-3.70	%
Net Income Of Revenues	-5.28	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.64
Fixed Assets Turnover	0.34
Current Assets Turnover	0.70
Net Working Capital Turnover
Inventory Turnover	59.26
(Other Operating Ratios)
Total Assets-to-Sales	4.33
Debtors-to-Sales	111.56	%
Debt Collection Period	407.20	Days

Vodafone Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
18 May 2021	Final	EUX	4.50	31/03/2020	31/03/2021	24/06/2021	25/06/2021	06/08/2021	9.00
16 Nov 2020	Interim	EUX	4.50	30/03/2020	30/09/2020	17/12/2020	18/12/2020	05/02/2021	-
12 May 2020	Final	EUX	4.50	31/03/2019	31/03/2020	11/06/2020	12/06/2020	07/08/2020	9.00
12 Nov 2019	Interim	EUX	4.50	30/03/2019	30/09/2019	28/11/2019	29/11/2019	07/02/2020	-
14 May 2019	Final	EUX	4.16	31/03/2018	31/03/2019	06/06/2019	07/06/2019	02/08/2019	9.00
13 Nov 2018	Interim	EUX	4.84	30/03/2018	30/09/2018	22/11/2018	23/11/2018	01/02/2019	-
15 May 2018	Final	EUX	10.23	31/03/2017	31/03/2018	07/06/2018	08/06/2018	03/08/2018	15.07
14 Nov 2017	Interim	EUX	4.84	30/03/2017	30/09/2017	23/11/2017	24/11/2017	02/02/2018	-
16 May 2017	Final	EUX	10.03	31/03/2016	31/03/2017	08/06/2017	09/06/2017	04/08/2017	14.77
15 Nov 2016	Interim	EUX	4.74	30/03/2016	30/09/2016	24/11/2016	25/11/2016	03/02/2017	-
17 May 2016	Final	GBX	7.77	31/03/2015	31/03/2016	09/06/2016	10/06/2016	03/08/2016	11.45
10 Nov 2015	Interim	GBX	3.68	30/03/2015	30/09/2015	19/11/2015	20/11/2015	03/02/2016	-
19 May 2015	Final	GBX	7.62	31/03/2014	31/03/2015	11/06/2015	12/06/2015	05/08/2015	11.22
11 Nov 2014	Interim	GBX	3.60	30/03/2014	30/09/2014	20/11/2014	21/11/2014	04/02/2015	-
20 May 2014	Final	GBX	7.47	31/03/2013	31/03/2014	11/06/2014	13/06/2014	06/08/2014	11.00
12 Nov 2013	Interim	GBX	3.53	30/03/2013	30/09/2013	20/11/2013	22/11/2013	05/02/2014	-
21 May 2013	Final	GBX	6.92	31/03/2012	31/03/2013	12/06/2013	14/06/2013	07/08/2013	10.19
13 Nov 2012	Interim	GBX	3.27	30/03/2012	30/09/2012	21/11/2012	23/11/2012	06/02/2013	-
22 May 2012	Final	GBX	6.47	31/03/2011	31/03/2012	06/06/2012	08/06/2012	01/08/2012	9.52
08 Nov 2011	Interim	GBX	3.05	30/03/2011	30/09/2011	16/11/2011	18/11/2011	03/02/2012	-
08 Nov 2011	Special	GBX	4.00	30/03/2011	30/09/2011	16/11/2011	18/11/2011	03/02/2012	-
17 May 2011	Final	GBX	6.05	31/03/2010	31/03/2011	01/06/2011	03/06/2011	05/08/2011	8.90
09 Nov 2010	Interim	GBX	2.85	30/03/2010	30/09/2010	17/11/2010	19/11/2010	04/02/2011	-
18 May 2010	Final	GBX	5.65	31/03/2009	31/03/2010	02/06/2010	04/06/2010	06/08/2010	8.31
10 Nov 2009	Interim	GBX	2.66	30/03/2009	30/09/2009	18/11/2009	20/11/2009	05/02/2010	-
19 May 2009	Final	GBX	5.20	31/03/2008	31/03/2009	03/06/2009	05/06/2009	07/08/2009	7.77
11 Nov 2008	Interim	GBX	2.57	30/03/2008	30/09/2008	19/11/2008	21/11/2008	06/02/2009	-
27 May 2008	Final	GBX	5.02	31/03/2007	31/03/2008	04/06/2008	06/06/2008	01/08/2008	7.51
13 Nov 2007	Interim	GBX	2.49	30/03/2007	30/09/2007	21/11/2007	23/11/2007	01/02/2008	-
29 May 2007	Final	GBX	4.41	31/03/2006	31/03/2007	06/06/2007	08/06/2007	03/08/2007	6.76
14 Nov 2006	Interim	GBX	2.35	30/03/2006	30/09/2006	22/11/2006	24/11/2006	02/02/2007	-
24 May 2006	Final	GBX	3.87	31/03/2005	31/03/2006	07/06/2006	09/06/2006	04/08/2006	6.07
15 Nov 2005	Interim	GBX	2.20	30/03/2005	30/09/2005	23/11/2005	25/11/2005	03/02/2006	-
24 May 2005	Final	GBX	2.16	31/03/2004	31/03/2005	01/06/2005	03/06/2005	05/08/2005	4.07
16 Nov 2004	Interim	GBX	1.91	30/03/2004	30/09/2004	24/11/2004	26/11/2004	04/02/2005	-
25 Feb 2004	Final	GBX	1.08	31/03/2003	31/03/2004	02/06/2004	04/06/2004	06/08/2004	2.03
18 Nov 2003	Interim	GBX	0.95	30/03/2003	30/09/2003	26/11/2003	28/11/2003	06/02/2004	-
27 May 2003	Final	GBX	0.90	31/03/2002	31/03/2003	04/06/2003	06/06/2003	08/08/2003	1.69
12 Nov 2002	Interim	GBX	0.79	30/03/2002	30/09/2002	20/11/2002	22/11/2002	07/02/2003	-
28 May 2002	Final	GBX	0.75	31/03/2001	31/03/2002	05/06/2002	07/06/2002	09/08/2002	1.47
13 Nov 2001	Interim	GBX	0.72	30/03/2001	30/09/2001	21/11/2001	23/11/2001	08/02/2002	-
29 May 2001	Final	GBX	0.71	31/03/2000	31/03/2001	06/06/2001	08/06/2001	10/08/2001	1.40
14 Nov 2000	Interim	GBX	0.69	30/03/2000	30/09/2000	20/11/2000	22/11/2000	09/02/2001	-
05 Jun 2000	Final	GBX	0.68	01/10/1999	31/03/2000	07/06/2000	09/06/2000	21/08/2000	1.53
06 Jun 1999	Final	GBX	0.65	31/03/1998	31/03/1999	14/06/1999	18/06/1999	13/08/1999	1.45
02 Jun 1998	Final	GBX	0.56	31/03/1997	31/03/1998	08/06/1998	12/06/1998	14/08/1998	1.27

Vodafone Fundamentals

	31 Mar 2018 (EUR)		31 Mar 2019 (EUR)		31 Mar 2020 (EUR)		31 Mar 2021 (EUR)
turnover	46,571.00	100.00%	43,666.00	100.00%	44,974.00	100.00%	43,809.00	100.00%	m
pre tax profit	3,878.00	8.33%	-2,613.00	-5.98%	795.00	1.77%	4,400.00	10.04%	m
attributable profit	2,439.00	5.24%	-8,020.00	-18.37%	-920.00	-2.05%	112.00	0.26%	m
retained profit	-1,481.00	-3.18%	-12,084.00	-27.67%	-3,216.00	-7.15%	-2,315.00	-5.28%	m
eps - basic	8.78		-29.05		-3.13		0.38
eps - diluted	8.76		-29.05		-3.13		0.38
dividends per share	15.07		9.00		9.00		9.00

Vodafone Balance Sheet

	31 Mar 2018 (EUR)		31 Mar 2019 (EUR)		31 Mar 2020 (EUR)		31 Mar 2021 (EUR)


	31 Mar 2018 (EUR)		31 Mar 2019 (EUR)		31 Mar 2020 (EUR)		31 Mar 2021 (EUR)
ASSETS
fixed assets	28,325.00	19.45%	27,432.00	19.20%	39,197.00	23.31%	41,243.00	26.60%	m
intangibles	43,257.00	29.71%	41,005.00	28.70%	53,523.00	31.83%	53,549.00	34.53%	m
fixed investments	14,647.00	10.06%	17,928.00	12.55%	14,302.00	8.50%	14,814.00	9.55%	m
current assets - other	13,820.00	9.49%	-231.00	-0.16%	1,607.00	0.96%	1,257.00	0.81%	m
stocks	581.00	0.40%	714.00	0.50%	585.00	0.35%	676.00	0.44%	m
debtors	40,307.00	27.68%	42,377.00	29.66%	45,670.00	27.16%	37,703.00	24.31%	m
cash & securities	4,674.00	3.21%	13,637.00	9.55%	13,284.00	7.90%	5,821.00	3.75%	m

TOTAL	145,611.00	100%	142,862.00	100%	168,168.00	100%	155,063.00	100%	m

LIABILITIES
creditors - short	28,025.00	19.25%	25,523.00	17.87%	32,456.00	19.30%	28,711.00	18.52%	m
creditors - long	37,980.00	26.08%	53,894.00	37.72%	72,036.00	42.84%	68,536.00	44.20%	m
creditors - other	10,999.00	7.55%	-	-%	1,051.00	0.62%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	77,004.00	52.88%	79,417.00	55.59%	105,543.00	62.76%	97,247.00	62.71%	m

EQUITY
ord cap, reserves	67,640.00	46.45%	62,218.00	43.55%	61,410.00	36.52%	55,804.00	35.99%	m
prefs, minorities	967.00	0.66%	1,227.00	0.86%	1,215.00	0.72%	2,012.00	1.30%	m

TOTAL	68,607.00	47.12%	63,445.00	44.41%	62,625.00	37.24%	57,816.00	37.29%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Vodafone Cash Flow Statement

	31 Mar 2018 (EUR)	31 Mar 2019 (EUR)	31 Mar 2020 (EUR)	31 Mar 2021 (EUR)
Operating CF	13,600.00	12,980.00	17,379.00	17,215.00	m
Pre-Financing CF	3,759.00	3,763.00	9,291.00	7,953.00	m
Retained CF	-3,475.00	8,200.00	-61.00	-7,243.00	m

Vodafone Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC