Hold Verizon Communications
WKN: 868402 ISIN: US92343V1044
Actual sales range between USD 126 billion and USD 132 billion between 2015 and 2019. Planned sales are expected to increase to USD 138 billion by 2024e.Actual profit ranges between USD 13 billion and USD 30 billion between 2015 and 2019. Planned profit to increase to USD 23 billion by 2024e.
Dividend (%) ranges between 4 and 5% between 2015 and 2024e.
Dividend per share (USD) increases from USD 2.23 (2015) to USD 2.69 (2024e).
Equity is low and amounts to USD 61 billion (EQ 22%) in 2019.
Book value per share (USD 15.19 in 2019) is well below the current share price (USD 57.80, NYSE, 08.01.21). The 2019 P/B ratio is 4.14.
The ratios show an overvaluation of the share.
The P/E ratio fluctuates between 7.2 and 16.6 between 2015 and 2019. In the period 2021e to 2024e, the P/E ratio falls to 10.5. This ratio suggests a favourable valuation of the share.
Theoretical increase to the annual high 7.17% (AH 61.95 USD/AP 57.80 USD).
Price difference to annual high -6.70%.
Verizon Communications Inc. is one of the world's leading telecommunications providers in the areas of mobile communications, internet and fixed network. The company is one of the largest US mobile communications providers, with around 100 million customers in the US mobile communications market alone.
The product range here includes mobile communication products and data services for private and business customers as well as the sale of the corresponding devices and accessories such as headsets, Bluetooth, screen protectors and batteries. In the devices segment, the company sells mobile phones, smartphones, tablet PCs, USB modems and netbooks of all major brands such as Apple, Samsung, HTC, Blackberry, LG and Motorola.
The fixed-line market, the company's second pillar, is supplied with telecommunications services such as fixed-line telephony, internet access, broadband video and data streaming, and network services. In 2017, Verizon acquired the operating business of internet pioneer Yahoo.
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Sources: FactSet, Finanzen.net, Comdirect, Börse online, Ariva.de (minor discrepancies between the sources are possible, but do not affect the statement of the analysis).