Added to YB: 2026-05-21
Pitch date: 2026-05-19
VOD [neutral]
Vodafone Group Public Limited Company
+0.48%
current return
Author Info
Banyan Lane Capital aims to present actionable investment research on asymmetric opportunities that, in many cases, are not front and center for investors. Sign up for the newsletter.
Company Info
Vodafone Group Public Limited Company provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.
Market Cap
GBP 29.7B
Pitch Price
GBP 1.13
Price Target
N/A
Dividend
3.66%
EV/EBITDA
4.69
P/E
-107.38
EV/Sales
1.74
Sector
Wireless Telecommunication Services
Category
special_situation
Vodafone Update & Implications of New US Alliances
VOD (update): FY26 hit top of guide on profit & FCF; reinstated medium-term double-digit FCF growth target. Stock fell 6% on German profit pressure into FY27 (known, guided). UK synergies contracted & visible; capex peaks FY26. Key catalyst: AT&T/VZW/T-Mobile US JV for D2D satellite validates AST's low-band architecture vs Starlink; fits VOD's 50/50 EU JV (Satellite Connect Europe) ahead of May 2027 EU 2GHz spectrum decision. VOD holds $1B+ ASTS stake (marked at ~zero). Market pricing German drag, getting satellite optionality free.
Read full article (10 min)