Investors like growth and they like dividends. So why isn’t Vodafone on a premium rating?
The global mobile phone operator hasn’t just forecast high single-digit growth in sales next year. It also expects to hold its profit margins and to freeze its capital expenditure. That should allow it to increase an already attractive dividend.
Yet its shares trade on a forward P/E ratio of just 13. That’s about the same rating as the broad UK stock market.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
