Tele2 AB (publ) (TEL2-B.ST) stock analysis

In our weekly check, Tele2 AB (publ) is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 5, red flags: 2.

About Tele2 AB (publ)

Tele2 AB (publ) is a Communication Services company (Telecommunications Services) based in Sweden, listed on STO as TEL2-B.ST.

What our checks show for TEL2-B.ST

Red flags

• Analysts expect the net margin to shrink by 13.6 points from today's 33.8%.
• The stock has fallen as much as 62% from a peak. Would you have held through that?

Warning signs

• Net debt is 1.3x a year of EBITDA (debt/equity 1.28). That limits room in a downturn and raises refinancing risk.
• Analysts expect earnings per share to shrink about 20.1% a year.
• Analysts expect only about 2% a year of growth in revenue.
• Revenue grew only 2.5% a year over the last 3 years.
• Recovering from its deepest fall took about 2.4 years.

Strengths

• Operating profit covers interest 12.4 times over.
• The net margin rose by 17.7 points over 5 years, to 33.8%.
• The gross margin is 43.2% and has risen by 2.5 points: pricing power is holding.
• Earnings per share grew 24.9% a year over the last 3 years.
• Net profit grew 22.5% a year over the last 3 years.
• The company keeps 33.8% of its revenue as net profit.

Similar companies

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Questions

What grade does Tele2 AB (publ) (TEL2-B.ST) have?

In our weekly check, Tele2 AB (publ) is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 5, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of TEL2-B.ST stock?

This week's biggest flags for Tele2 AB (publ): Margins expected to shrink, Deep past fall, High debt. In total 7 of 25 checks show a warning or a red flag.

What does Tele2 AB (publ) do?

Tele2 AB (publ) is a Communication Services company (Telecommunications Services) based in Sweden, listed on STO as TEL2-B.ST.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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