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29.61 (1y: +9%)
Market Cap 146.2 B P/E(ttm)
Enterprise Value P/B
VOD- NAS (USA)
Vodafone Group PLC
Not Rated
Top Ranked Predictable Companies
$29.61
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

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GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

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» VOD's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

VOD Guru Trades in Q2 2012

Steven Cohen 20,100 sh (+94.98%)
Jim Simons 8,417,400 sh (+58.25%)
David Dreman 139,872 sh (+25.15%)
Murray Stahl 27,509 sh (+9.12%)
Mario Gabelli 284,293 sh (+4.52%)
First Pacific Advisors 3,316,200 sh (+0.93%)
NWQ Managers 257,650 sh (+0.45%)
Tom Gayner 20,000 sh (unchged)
Pioneer Investments 2,300,675 sh (unchged)
Jeremy Grantham 124,000 sh (unchged)
Francis Chou 10,000 sh (unchged)
John Hussman 19,000 sh (unchged)
Tom Russo 50 sh (unchged)
Jean-Marie Eveillard 500 sh (unchged)
Steven Romick 2,990,000 sh (unchged)
Tweedy Browne 10,511 sh (unchged)
James Barrow 22,254,729 sh (-1.59%)
HOTCHKIS & WILEY 15,085,095 sh (-2.1%)
Mason Hawkins 3,992,416 sh (-13.58%)
Dodge & Cox 29,328,162 sh (-17.09%)
Charles Brandes 1,315,163 sh (-19.89%)
Leon Cooperman 410,456 sh (-48.9%)
Paul Tudor Jones 375,000 sh (-53.13%)
» More
Q3 2012

VOD Guru Trades in Q3 2012

Ken Fisher 9,805,503 sh (New)
Sarah Ketterer 29,829 sh (New)
Pioneer Investments 5,210,525 sh (+126.48%)
Leon Cooperman 375,356 sh (+82.9%)
Mario Gabelli 311,043 sh (+9.41%)
David Dreman 151,407 sh (+8.25%)
HOTCHKIS & WILEY 15,630,651 sh (+3.62%)
Murray Stahl 27,709 sh (+0.73%)
NWQ Managers 258,480 sh (+0.32%)
James Barrow 22,255,914 sh (+0.01%)
Jean-Marie Eveillard 500 sh (unchged)
Tom Russo 50 sh (unchged)
John Hussman 19,000 sh (unchged)
Tom Gayner 20,000 sh (unchged)
Francis Chou 10,000 sh (unchged)
First Pacific Advisors Sold Out
Jim Simons Sold Out
Steven Romick Sold Out
Mason Hawkins 3,926,416 sh (-1.65%)
Tweedy Browne 9,486 sh (-9.75%)
Dodge & Cox 24,959,075 sh (-14.9%)
Jeremy Grantham 104,000 sh (-16.13%)
Charles Brandes 1,055,786 sh (-19.72%)
Paul Tudor Jones 300,000 sh (-20%)
Steven Cohen 13,511 sh (-32.78%)
» More
Q4 2012

VOD Guru Trades in Q4 2012

David Einhorn 1,600,000 sh (New)
Paul Tudor Jones 2,750,000 sh (+816.67%)
Sarah Ketterer 95,505 sh (+220.17%)
David Dreman 180,478 sh (+19.2%)
Mario Gabelli 349,068 sh (+12.22%)
Steven Cohen 14,183 sh (+4.97%)
HOTCHKIS & WILEY 16,309,108 sh (+4.34%)
Murray Stahl 28,764 sh (+3.81%)
NWQ Managers 259,894 sh (+0.55%)
John Hussman 19,000 sh (unchged)
Francis Chou 10,000 sh (unchged)
Tom Russo 50 sh (unchged)
Tweedy Browne 9,486 sh (unchged)
Jeremy Grantham 231,000 sh (unchged)
Jean-Marie Eveillard 500 sh (unchged)
Tom Gayner Sold Out
Leon Cooperman Sold Out
James Barrow 22,026,860 sh (-1.03%)
Dodge & Cox 24,142,133 sh (-3.27%)
Charles Brandes 1,003,173 sh (-4.98%)
Mason Hawkins 3,521,416 sh (-10.31%)
Ken Fisher 7,012,239 sh (-28.49%)
Pioneer Investments 2,587,404 sh (-50.34%)
» More
Q1 2013

VOD Guru Trades in Q1 2013

John Paulson 2,800,000 sh (New)
First Pacific Advisors 4,497,000 sh (New)
Jean-Marie Eveillard 1,944,101 sh (+388720%)
Steven Cohen 938,256 sh (+6515.36%)
NWQ Managers 6,078,916 sh (+2239%)
Mario Gabelli 521,878 sh (+49.51%)
Murray Stahl 37,709 sh (+31.1%)
Ken Fisher 8,340,373 sh (+18.94%)
Jeremy Grantham 267,000 sh (+15.58%)
Sarah Ketterer 97,674 sh (+2.27%)
HOTCHKIS & WILEY 16,308,461 sh (unchged)
John Hussman 19,000 sh (unchged)
Francis Chou 10,000 sh (unchged)
Tom Russo 50 sh (unchged)
David Einhorn 1,600,000 sh (unchged)
Paul Tudor Jones Sold Out
Tweedy Browne Sold Out
David Dreman 180,244 sh (-0.13%)
Charles Brandes 990,755 sh (-1.24%)
Dodge & Cox 23,430,538 sh (-2.95%)
Mason Hawkins 3,413,407 sh (-3.07%)
Pioneer Investments 2,237,504 sh (-13.52%)
James Barrow 3,788,585 sh (-82.8%)
» More
» Details

Insider Trades

Latest Guru Trades with VOD

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
James Barrow 2013-03-31 Reduce -82.8%0.91%$24.55 - $28.64 $ 29.6111%3788585
John Paulson 2013-03-31 New Buy0.45%$24.55 - $28.64 $ 29.6111%2800000
Jean-Marie Eveillard 2013-03-31 Add 388720%0.18%$24.55 - $28.64 $ 29.6111%1944101
Mario Gabelli 2013-03-31 Add 49.51%0.03%$24.55 - $28.64 $ 29.6111%521878
Tweedy Browne 2013-03-31 Sold Out 0.01%$24.55 - $28.64 $ 29.6111%0
Leon Cooperman 2012-12-31 Sold Out 0.21%$25.01 - $29.14 $ 29.6111%0
Tom Gayner 2012-12-31 Sold Out 0.02%$25.01 - $29.14 $ 29.6111%0
Leon Cooperman 2012-09-30 Add 82.9%0.19%$27.58 - $30.05 $ 29.613%375356
Leon Cooperman 2012-06-30 Reduce -48.9%0.22%$26.16 - $28.24 $ 29.618%410456
David Dreman 2012-06-30 Add 25.15%0.02%$26.16 - $28.24 $ 29.618%139872
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Vodafone Group PLC

David Einhorn Comments on Vodafone - May 13, 2013

In addition to MRVL and the Yen, Vodafone (UK: VOD)(VOD) was another material winner during the quarter. It is now clear that Verizon does in fact want to buy VOD’s 45% interest in Verizon Wireless. We can hear them now. We believe that a premium sale followed by a successful return and/or redeployment of the proceeds could unlock substantial value latent in VOD stock. VOD without Verizon Wireless might also become a good acquisition target for AT&T. During the quarter VOD shares advanced from £1.54 to £1.87.

From David Einhorn's first quarter 2013 letter.
Check out David Einhorn latest stock trades

David Einhorn Comments on Vodafone - Jan 23, 2013

We have also increased our Vodafone (UK: VOD) holdings, as the stock fell sharply on newsthat just doesn ’ t seem that bad. After achieving an August peak of £1.92, the shares ended theyear at £1.54. At this valuation, it appears that the market is placing no value on VOD’s 45%stake in Verizon Wireless. And the Verizon Wireless stake is clearly quite valuable.

Look at it from Verizon ’ s perspective: Historically, Verizon had a very profitable landline business, and Verizon Wireless owed it billions of dollars. Verizon received Verizon Wireless ’s free cash flow as it repaid the debt. For years, Verizon used its control to try to starve VOD by refusing to allow Verizon Wireless to pay dividends. Today, Verizon’s landline business generates no cash and the debt from Verizon Wireless has been repaid. Verizon’s 55% control stake in Verizon Wireless is probably worth mo re than all of Verizon’s market capitalization, and Verizon has become wholly dependent on dividends from Verizon Wireless to fund its parent company obligations and shareholder dividends.

Excluding any contribution from Verizon Wireless, VOD stock pays a 7% dividend and trades at less than 12x cash earnings – roughly in line with other large European telecom companies. Meanwhile, VOD has never become dependent on Verizon Wireless distributions.

Given the huge valuation disparity between what the market thinks Verizon Wireless is worth to Verizon (at least a couple hundred billion dollars) and what it ascribes to VOD (about zero), combined with Verizon’s increasing dependence on Verizon Wireless, it wouldn’t surprise us if Verizon decided to buy all of VOD to gain full ownership of Verizon Wireless.It could decide to become a global telecom leader or it could spin out parts of VOD that it’s not interested in owning. Maybe there is an investment banker with time on their hands reading this letter.

From David Einhorn's fourth quarter letter.

Check out David Einhorn latest stock trades

Top Ranked Articles about Vodafone Group PLC

John Paulson’s Top 5 Biggest New Buys
May 17, 2013
John Paulson - John Paulson’s Top 5 Biggest New Buys
Paulson is known for extreme wins and losses – for instance, a $5 billion win during the housing crisis and an almost $1 billion loss in two days on gold last month. In the first quarter, the manager of the $18 billion hedge fund Paulson & Co. added some sizable new positions to his stock portfolio. Read more...
David Einhorn Comments on Vodafone
May 13, 2013
In addition to MRVL and the Yen, Vodafone (UK: VOD)(VOD) was another material winner during the quarter. It is now clear that Verizon does in fact want to buy VOD’s 45% interest in Verizon Wireless. We can hear them now. We believe that a premium sale followed by a successful return and/or redeployment of the proceeds could unlock substantial value latent in VOD stock. VOD without Verizon Wireless might also become a good acquisition target for AT&T. During the quarter VOD shares advanced from £1.54 to £1.87. Read more...
Guru Stocks at 52-Week Lows: AAPL, VOD, PBR, AMX, EMC
March 4, 2013
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. Apple Inc (AAPL) Reached the 52-Week Low of $431.16 Read more...
Guru Stocks at 52-Week Lows: AAPL, VOD, PBR, AMOV, EMC
February 24, 2013
David Dreman,Ken Fisher - Guru Stocks At 52-Week Lows: AAPL, VOD, PBR, AMOV, EMC
According to GuruFocus list of 52-week lows, these Guru stocks are within less than 5% of their 52-week lows. Also check out Stocks at 3-year lows and Stocks at 5-year lows. Read more...
David Einhorn Buys Google, Vodafone and Western Digital
February 15, 2013
David Einhorn - David Einhorn Buys Google, Vodafone And Western Digital
David Einhorn, value investor and head of hedge fund Greenlight Capital, bought three new stocks in the fourth quarter: Google Inc. (GOOG), Vodafone Group Plc (VOD) and Western Digital Corp. (WDC). Greenlight Capital since inception in May 1996 has returned 19.4% on annualized basis, net of fees and expenses, after underperforming the market being up 8.3% 2012. New Buys Read more...
Hedge Fund Manager David Einhorn Buys Into GOOG, VOD, WDC, Sells STX, CVH
February 15, 2013
Renowned hedge fund manager David Einhorn made news lately as he sued Apple (AAPL) to force the company to unlock shareholder value. In the meantime, he turned to Google, which is his largest new position for the fourth quarter of 2012. Read more...
David Einhorn Comments on Vodafone
January 23, 2013
We have also increased our Vodafone (UK: VOD) holdings, as the stock fell sharply on newsthat just doesn ’ t seem that bad. After achieving an August peak of £1.92, the shares ended theyear at £1.54. At this valuation, it appears that the market is placing no value on VOD’s 45%stake in Verizon Wireless. And the Verizon Wireless stake is clearly quite valuable. Read more...
Guru Stocks at 52-Week Lows: MSFT, VOD, NTT, TEVA, SE
January 21, 2013
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. Read more...
Guru Stocks at 52-Week Lows: MSFT, VOD, NTT, TEVA, FE
January 7, 2013
According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. Read more...
Guru Stocks at 52-Week Lows: MSFT, VOD, AMX, NTT, TEVA
December 31, 2012
These Guru stocks have reached their 52-week lows according to our GuruFocus list [color=#0000ff] [u]. Read more...

Ratios

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Dividend & Buy Back

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Dividend Yield 5.06
VOD's Dividend Yield is ranked lower than
306748% of the 326 Companies
in the Global Telecom Services industry.

( Industry Median: 0.91 vs. VOD: 5.06 )
VOD' s 10-Year Dividend Yield Range
Min: 0   Max: 0
Current: 5.06
Dividend Payout 0.7
VOD's Dividend Payout is ranked lower than
621117% of the 161 Companies
in the Global Telecom Services industry.

( Industry Median: 0.50 vs. VOD: 0.7 )
VOD' s 10-Year Dividend Payout Range
Min: 0   Max: 0
Current: 0.7

Valuation & Return

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Business Description

Vodafone Group PLC is a provider of mobile communications. It has a single group of related services and products being the supply of communications services and products. Segment information is provided on the basis of geographic areas, which are: Germany, Italy, Spain, UK, Europe, India and Africa, Middle East and Asia Pacific.
Company Website
Industry: Telecom Services
Compare:CHU, T, VZ, AMOV, CHL
Traded in other countries:VOD.UK, VODPF.USA, VODE.Germany, VODH.Germany
» More Articles for NAS:VOD

Headlines

Articles On GuruFocus.com
John Paulson’s Top 5 Biggest New Buys May 17 2013 
David Einhorn Comments on Vodafone May 13 2013 
Greenlight Capital David Einhorn's First Quarter Letter to Investors May 13 2013 
Vodafone Group (VOD) Dividend Stock Analysis May 02 2013 
Six Dividend Paying Stocks I Purchased Apr 15 2013 
My 3 Favorite Safe Heaven Technology Stocks Apr 04 2013 
Billionaire David Einhorn's Big Moves: Apple (AAPL), Google (GOOG) And More Mar 24 2013 
Billionaire David Einhorn's Big Moves: Apple (AAPL), Google (GOOG) and More Mar 21 2013 
Revisiting the Past: Vodafone-Mannesmann Takeover Mar 21 2013 
Daniel Loeb Reports New Top Position – Virgin Media Mar 11 2013 

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