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Telefonica Deutschland Holding AGHAM:O2D -1.00%66 Intrinsic Value: Projected FCF is €5.07 as of Jul. 25, 2026, which is 100% below its 10-year median of 0.60. GuruFocus rates HAM:O2D with a GF Score™ of 66/100 and a GF Value™ of €2.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 268 Telecommunication Services companies, Telefonica Deutschland Holding AG ranks better than 85.45% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for Telefonica Deutschland Holding AG's Intrinsic Value: Projected FCF or its related term are showing as below:
HAM:O2D'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.39 Med: 0.6 Max: 0.96
Current: 0.39
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Telefonica Deutschland Holding AG was 0.96. The lowest was 0.39. And the median was 0.60.
HAM:O2D's Price-to-Projected-FCF is ranked better than 85.45% of 268
companies
in the Telecommunication Services industry
Industry Median: 0.93
vs HAM:O2D: 0.39
Telefonica Deutschland Holding AG (HAM:O2D) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Telefonica Deutschland Holding AG's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
1.98
/
5.0706803153494
=
0.39
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Telefonica Deutschland Holding AG Intrinsic Value: Projected FCF Related Terms
Telefonica Deutschland Holding AG Intrinsic Value: Projected FCF Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Telefonica Deutschland Holding AG Intrinsic Value: Projected FCF Chart
HAM:O2D vs TMUS, VZ, T: Intrinsic Value: Projected FCF Comparison
For the Telecom Services subindustry, Telefonica Deutschland Holding AG's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Telefonica Deutschland Holding AG Price-to-Projected-FCF vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telefonica Deutschland Holding AG's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Telefonica Deutschland Holding AG's Price-to-Projected-FCF falls into.
Telefonica Deutschland Holding AG Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Intrinsic Value: Projected FCF of €5.07 mean?
Telefonica Deutschland Holding AG (HAM:O2D) has a Intrinsic Value: Projected FCF of €5.07 as of Jul. 25, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Telefonica Deutschland Holding AG and its competitors. This is 745% above median its historical median of 0.60. Over the past decade, Telefonica Deutschland Holding AG's Intrinsic Value: Projected FCF has ranged from 0.39 to 0.96. According to the industry distribution chart, Telefonica Deutschland Holding AG ranks #39 out of 268 companies in the Telecommunication Services industry, placing it in the top 14.6%.
Is Telefonica Deutschland Holding AG's Intrinsic Value: Projected FCF too high?
Telefonica Deutschland Holding AG's current Intrinsic Value: Projected FCF of €5.07 is 745% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.96. Based on the distribution chart, Telefonica Deutschland Holding AG ranks #39 out of 268 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Telefonica Deutschland Holding AG has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telefonica Deutschland Holding AG's Intrinsic Value: Projected FCF compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telefonica Deutschland Holding AG ranks #39 out of 268 companies for Intrinsic Value: Projected FCF. This places Telefonica Deutschland Holding AG in the top 15% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.93. Historically, Telefonica Deutschland Holding AG's own Intrinsic Value: Projected FCF has ranged from 0.39 to 0.96 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Telecommunication Services company?
The median Intrinsic Value: Projected FCF among Telecommunication Services companies is 0.93, based on 268 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Telefonica Deutschland Holding AG and its competitors. For the Telecommunication Services industry, the median Intrinsic Value: Projected FCF is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telefonica Deutschland Holding AG's current Intrinsic Value: Projected FCF is €5.07, which is 745% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telefonica Deutschland Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Telefonica Deutschland Holding AG (HAM:O2D) is currently considered Fairly Valued. The stock's GF Value™ is €2.09, compared to a current price of €1.98 — trading 5.3% below its estimated fair value. The current Intrinsic Value: Projected FCF is €5.07, which is 745% above median its 10-year median of 0.60. Telefonica Deutschland Holding AG's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Telefonica Deutschland Holding AG (HAM:O2D), the current Intrinsic Value: Projected FCF is €5.07 as of Jul. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Telefonica Deutschland Holding AG (HAM:O2D) Overvalued in 2026?
Based on GuruFocus' analysis, Telefonica Deutschland Holding AG stock appears to be undervalued.
The current stock price of €1.98 is trading 5.3% below its estimated GF Value™ of €2.09.
GuruFocus considers Telefonica Deutschland Holding AG to be Fairly Valued.
Key valuation signals for HAM:O2D:
Intrinsic Value: Projected FCF: €5.07 (745% above median its 10-year median of 0.60)
GF Value™: €2.09 vs. price of €1.98 (5.3% below fair value)
No single metric tells the full story. See the HAM:O2D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telefonica Deutschland Holding AG Business Description
Telefonica Deutschland Holding AG is the German subsidiary of Telefonica, which provides integrated network operations in Germany. The company offers mobile and fixed-network services for private and business customers as well as digital products and services. Its core brand is O2. It includes secondary brands and partners such as ALDI TALK, Tchibo MOBIL, AY YILDIZ, and others.
66GF Score
Get the complete analysis for HAM:O2D
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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