Equity Research of Vodafone Group PLC

Thesis title: Equity Research of Vodafone Group PLC
Author: Santos Simões, João
Thesis type: Diploma thesis
Supervisor: Krabec, Tomáš
Opponents: Husák, Martin
Thesis language: English
Abstract:
The aim of this thesis is to understand and analyze Vodafone Group Plc business and provide a recommendation for an investor. From the analysis, the investor for Vodafone would be a combination of a value investor and an income investor. The current stock price, which stands at its lowest point in the past two decades, coupled with assessments derived from discounted cash flow (DCF) and market multiples valuation methods, unequivocally indicate that the stock is significantly undervalued and possesses strong fundamentals, aligning well with the principles of value investing. Additionally, Vodafone's consistent payment of semiannual dividends, which rank among the highest on the FTSE index, makes it particularly appealing to income-oriented investors seeking stable returns.
Keywords: Market Multiples; Undervalued; DCF; Strategy; Vodafone; Telecommunication
Thesis title: Equity Research of Vodafone Group Plc
Author: Santos Simões, João
Thesis type: Diplomová práce
Supervisor: Krabec, Tomáš
Opponents: Husák, Martin
Thesis language: English
Abstract:
The aim of this thesis is to understand and analyze Vodafone Group Plc business and provide a recommendation for an investor. From the analysis, the investor for Vodafone would be a combination of a value investor and an income investor. The current stock price, which stands at its lowest point in the past two decades, coupled with assessments derived from discounted cash flow (DCF) and market multiples valuation methods, unequivocally indicate that the stock is significantly undervalued and possesses strong fundamentals, aligning well with the principles of value investing. Additionally, Vodafone's consistent payment of semiannual dividends, which rank among the highest on the FTSE index, makes it particularly appealing to income-oriented investors seeking stable returns.
Keywords: Vodafone; Telecommunications; Strategy; Undervalued; DCF; Market Multiples

Information about study

Study programme: Finance and Accounting
Type of study programme: Magisterský studijní program
Assigned degree: Ing.
Institutions assigning academic degree: Vysoká škola ekonomická v Praze
Faculty: Faculty of Finance and Accounting
Department: Department of Corporate Finance

Information on submission and defense

Date of assignment: 6. 12. 2023
Date of submission: 9. 5. 2024
Date of defense: 12. 6. 2024
Identifier in the InSIS system: https://insis.vse.cz/zp/86826/podrobnosti

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