Vodafone market cap is £35.6 b, and annual revenue was £38.93 b in FY 2019

Vodafone Gross profit (FY, 2019)12 B

Vodafone Gross profit margin (FY, 2019), %30.9%

Vodafone Net income (FY, 2019)-3.7 B

Vodafone EBIT (FY, 2019)-847.8 M

Vodafone Cash, 31-Mar-201912.2 B

Vodafone EV70.7 B

Vodafone revenue was £38.93 b in FY, 2019

Vodafone revenue breakdown by business segment: 65.8% from Mobile Service Revenue, 22.3% from Fixed Service Revenue and 11.8% from Other

Vodafone revenue breakdown by geographic segment: 23.2% from Germany, 13.3% from Italy, 15.1% from UK, 10.6% from Spain, 10.5% from Other Europe, 12.2% from Vodacom, 12.3% from Other AMAP and 2.8% from Other

EUR | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|

## Revenue | 48.4b | 49.8b | 47.6b | 46.6b | 38.9b |

| 3% | (4%) | (2%) | ||

## Cost of goods sold | 35.1b | 36.7b | 34.6b | 32.8b | 26.9b |

## Gross profit | 13.3b | 13.1b | 13.1b | 13.8b | 12.0b |

| 28% | 26% | 27% | 30% | 31% |

## Sales and marketing expense | 4.2b | 4.6b | 4.3b | 4.0b | |

## General and administrative expense | 6.8b | 6.4b | 6.1b | 5.6b | |

## Operating expense total | 11.0b | 11.0b | 10.4b | 9.5b | |

## Depreciation and amortization | 5.2b | ||||

## EBIT | 2.1b | 1.3b | 3.7b | 4.3b | (847.8m) |

| 4% | 3% | 8% | 9% | (2%) |

## Interest expense | 23.0m | 3.0m | 1.0m | 32.0m | 286.2m |

## Interest income | |||||

## Investment income | 1.1b | 539.0m | 474.0m | 685.0m | |

## Pre tax profit | 1.7b | (190.0m) | 2.8b | 3.9b | (2.3b) |

## Income tax expense | (6.1b) | 4.9b | 4.8b | (879.0m) | 1.3b |

## Net Income | 7.5b | (5.1b) | (6.1b) | 4.8b | (3.7b) |

EUR | H1, 2016 | H1, 2017 | H1, 2018 | H1, 2019 |
---|---|---|---|---|

## Revenue | 28.2b | 24.1b | 23.1b | 21.8b |

## Cost of goods sold | 20.7b | 17.5b | 16.2b | 15.2b |

## Gross profit | 7.5b | 6.5b | 6.9b | 6.6b |

| 27% | 27% | 30% | 30% |

## Sales and marketing expense | 2.4b | 2.2b | 2.0b | 1.9b |

## General and administrative expense | 3.7b | 2.8b | 2.8b | 2.8b |

## Operating expense total | 6.1b | 5.0b | 4.8b | 8.7b |

## EBIT | 1.1b | 1.5b | 2.0b | (2.1b) |

| 4% | 6% | 9% | (10%) |

## Interest expense | 2.0m | 1.0m | 3.0m | |

## Investment income | 182.0m | 552.0m | 333.0m | 184.0m |

## Pre tax profit | 149.0m | 1.4b | 2.2b | (2.9b) |

## Income tax expense | 2.5b | 1.1b | 579.0m | 1.4b |

## Net Income | (2.3b) | (5.0b) | 1.2b | (4.3b) |

EUR | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|

## Cash | 9.5b | 12.9b | 3.8b | 4.7b | 12.2b |

## Accounts Receivable | 11.1b | 11.6b | 9.9b | 10.0b | 10.9b |

## Inventories | 667.0m | 716.0m | 576.0m | 581.0m | 636.5m |

## Current Assets | 27.5b | 31.9b | 25.5b | 24.1b | 35.5b |

## PP&E | 36.8b | 35.5b | 30.2b | 28.3b | 24.5b |

## Goodwill | 30.5b | 28.2b | 26.8b | 26.7b | |

## Total Assets | 169.6b | 169.1b | 154.7b | 145.6b | 127.6b |

## Accounts Payable | 20.6b | 19.9b | 16.8b | 16.2b | 15.7b |

## Short-term debt | 17.5b | 20.3b | 12.1b | 10.4b | 3.8b |

## Current Liabilities | 40.0b | 41.8b | 30.6b | 28.0b | 23.0b |

## Long-term debt | 31.0b | 37.1b | 34.5b | 32.9b | 43.4b |

## Non-Current Liabilities | 35.9b | 41.7b | 38.6b | 38.0b | 49.1b |

## Total Debt | 48.5b | 57.3b | 46.6b | 43.3b | 47.2b |

## Total Liabilities | 75.9b | 83.5b | 69.2b | 66.0b | 72.1b |

## Common Stock | 5.2b | 4.8b | 4.8b | 4.8b | 4.3b |

## Additional Paid-in Capital | 161.8b | 151.7b | 151.8b | 150.2b | |

## Retained Earnings | (85.9b) | (95.7b) | (105.9b) | (106.7b) | (77.7b) |

## Total Equity | 93.7b | 85.1b | 73.7b | 68.6b | 55.5b |

## Debt to Equity Ratio | 0.5 x | 0.7 x | 0.6 x | 0.6 x | |

## Debt to Assets Ratio | 0.3 x | 0.3 x | 0.3 x | 0.3 x | |

## Financial Leverage | 1.8 x | 2 x | 2.1 x | 2.1 x | 2.3 x |

EUR | H1, 2016 | H1, 2017 | H1, 2018 | H1, 2019 |
---|---|---|---|---|

## Cash | 4.2b | 8.6b | 5.4b | 7.0b |

## Accounts Receivable | 8.6b | 11.8b | 10.6b | 13.4b |

## Inventories | 574.0m | 681.0m | 639.0m | 777.0m |

## Current Assets | 15.7b | 31.3b | 23.5b | 32.2b |

## PP&E | 26.7b | 33.2b | 28.8b | 27.1b |

## Goodwill | 22.5b | 26.7b | 26.5b | 23.3b |

## Total Assets | 120.4b | 125.0b | 147.1b | 133.7b |

## Accounts Payable | 13.8b | 17.4b | 16.2b | 15.7b |

## Short-term debt | 13.2b | 15.9b | 12.0b | 5.5b |

## Current Liabilities | 28.4b | 35.1b | 29.8b | 24.6b |

## Long-term debt | 23.7b | 39.6b | 32.2b | 42.7b |

## Non-Current Liabilities | 27.5b | 45.7b | 36.6b | 47.7b |

## Total Debt | 36.9b | 55.5b | 44.2b | 48.2b |

## Total Liabilities | 55.9b | 80.8b | 66.4b | 72.3b |

## Common Stock | 3.8b | 4.8b | 4.8b | 4.8b |

## Additional Paid-in Capital | 117.1b | 151.7b | 150.1b | 150.3b |

## Retained Earnings | (53.3b) | (103.4b) | (106.7b) | 115.4b |

## Total Equity | 64.5b | 75.5b | 69.7b | 61.4b |

## Debt to Equity Ratio | 0.6 x | 0.7 x | 0.6 x | 0.8 x |

## Debt to Assets Ratio | 0.3 x | 0.4 x | 0.3 x | 0.4 x |

## Financial Leverage | 1.9 x | 1.7 x | 2.1 x | 2.2 x |

EUR | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|

## Net Income | 7.5b | (5.1b) | (6.1b) | ||

## Depreciation and Amortization | 11.1b | 11.7b | 11.1b | ||

## Accounts Receivable | (151.0m) | (684.0m) | 308.0m | ||

## Inventories | (76.0m) | (144.0m) | 117.0m | ||

## Accounts Payable | (1.3b) | 332.0m | (473.0m) | ||

## Cash From Operating Activities | 12.7b | 14.3b | 14.2b | 13.6b | 11.6b |

## Purchases of PP&E | (7.3b) | (8.3b) | (6.3b) | (4.9b) | |

## Cash From Investing Activities | (13.2b) | (13.9b) | (8.4b) | (9.8b) | (8.2b) |

## Short-term Borrowings | 5.6b | (11.0m) | 1.3b | (534.0m) | |

## Long-term Borrowings | (5.0b) | (3.8b) | (9.3b) | (5.7b) | |

## Dividends Paid | (4.1b) | (4.5b) | (4.1b) | 4.2b | |

## Cash From Financing Activities | (3.2b) | 4.1b | (9.1b) | (7.2b) | 4.0b |

## Net Change in Cash | (3.7b) | 4.5b | (3.3b) | (3.5b) | 7.3b |

EUR | H1, 2016 | H1, 2017 | H1, 2018 | H1, 2019 |
---|---|---|---|---|

## Net Income | (2.3b) | (5.0b) | 1.2b | |

## Depreciation and Amortization | 6.5b | 5.6b | 5.2b | |

## Accounts Receivable | (1.0b) | (415.0m) | (858.0m) | |

## Inventories | (154.0m) | 9.0m | (85.0m) | |

## Accounts Payable | (386.0m) | (1.2b) | (871.0m) | |

## Cash From Operating Activities | 5.7b | 5.8b | 5.8b | 4.8b |

## Purchases of PP&E | (4.9b) | (4.0b) | (2.8b) | (2.9b) |

## Cash From Investing Activities | (5.8b) | (5.5b) | (5.3b) | (4.5b) |

## Short-term Borrowings | 2.5b | 962.0m | 558.0m | 318.0m |

## Long-term Borrowings | (2.2b) | (4.7b) | (1.9b) | (5.2b) |

## Dividends Paid | (3.1b) | (2.7b) | (2.8b) | (2.9b) |

## Cash From Financing Activities | (3.7b) | (4.3b) | (3.8b) | 1.4b |

## Net Change in Cash | (3.8b) | (4.0b) | (3.2b) | 1.7b |

GBP | Y, 2019 |
---|---|

## EV/EBIT | -83.4 x |

## EV/CFO | 6.1 x |

## Revenue/Employee | 423.1k |

## Financial Leverage | 2.3 x |

Vodafone's Stores was reported to be 16 k in FY, 2016.

FY, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | FY, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | FY, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | FY, 2018 | Q1, 2019 | Q2, 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|

## Mobile Customers | 446 m | 465 m | 516 m | ||||||||||||

## 4G Customers | 20.70 m | 46.80 m | 52.50 m | 58.90 m | 66.40 m | 74.70 m | 84 m | 93.40 m | 110.20 m | 121.70 m | 129.10 m | 136 m | |||

## Fixed-line Broadband Customers | 12 m | 13.40 m | 17.90 m | ||||||||||||

## TV Customers | 9 m | 9.50 m | 13.80 m | ||||||||||||

## Mobile Data Users | 114.20 m | 153 m | |||||||||||||

## Mobile Application Users (My Vodafone) | 12.50 m | 25 m | |||||||||||||

## Mobile Money Users | 20 m | 25 m | 31 m | ||||||||||||

## Base Station Sites | 283 k | 300 k | |||||||||||||

## Messages Sent | 290 b | ||||||||||||||

## Voice Calls, minutes | 1.20 t | ||||||||||||||

## Stores | 16 k | 16 k | |||||||||||||

## Data Centers | 65 | ||||||||||||||

## Net Customer Additions (Mobile Contract, Europe) | 278 k | 1.10 m | 173 k | 342 k | 234 k | 973 k | 453 k | ||||||||

## Net Customer Additions (Fixed Broadband, Europe) | 339 k | 340 k | 237 k | 262 k | 316 k | 255 k | 128 k | ||||||||

## Net Customer Additions (Mobile Contract, AMAP) | 900 k | 3.50 m | 3.50 m | 3.10 m | 3.20 m | 2.40 m | 2.80 m | ||||||||

## Net Customer Additions (Mobile Prepaid, AMAP) | 500 k | 300 k | 400 k | 600 k | 500 k | 500 k | 600 k | ||||||||

## Net Customer Additions (Mobile Contract) | 1.30 m | 1.44 m | 1.29 m | 1.14 m | 1.43 m | 1.42 m | |||||||||

## Net Customer Additions (Fixed Broadband) | 264 k | 230 k | 414 k | 416 k | 348 k | 327 k | |||||||||

## 3G Customers (India) | 22.10 m | 23.80 m | 25.90 m | 27.40 m | |||||||||||

## 4G Customers (Germany) | 5.50 m | 6.50 m | 6.90 m | 7.90 m | |||||||||||

## 4G Customers (Italy) | 2.70 m | 4 m | 5 m | 6.50 m | |||||||||||

## 4G Customers (South Africa) | 1.90 m | 2 m | 2.50 m | 3.10 m | |||||||||||

## 4G Customers (Spain) | 3.30 m | 4.30 m | 4.80 m | 5.40 m | |||||||||||

## 4G Customers (UK) | 4 m | 5.30 m | 6.30 m | 7 m | |||||||||||

## Boadband Customers (AMAP) | 1.30 m | 1.70 m | 1.70 m | 1.80 m | 1.90 m | 2 m | 2 m | ||||||||

## Boadband Customers (Europe) | 16.60 m | 16.80 m | 17.10 m | 17.50 m | 17.80 m | 17.90 m | 18.30 m | ||||||||

## Broadband Base Adds (Europe Consumer) | 250 k | ||||||||||||||

## Connected Cars (Vodafone IoT) | 14 m | ||||||||||||||

## Converged Customers (AMAP) | 100 k | 100 k | 100 k | 100 k | 100 k | 100 k | 100 k | ||||||||

## Converged Customers (Europe) | 3.70 m | 4.40 m | 4.70 m | 5 m | 5.30 m | 5.90 m | 6 m | ||||||||

## Converged Customers Adds (Europe Consumer) | 611 k | ||||||||||||||

## Countries (Vodafone IoT) | 26 | 180 | |||||||||||||

## Customers 4G (AMAP) | 13.40 m | 16.50 m | 19.60 m | 23.20 m | 27.80 m | 53.40 m | 40.10 m | 53.40 m | 62.80 m | 68.40 m | 73.80 m | ||||

## Customers 4G (Europe) | 33.40 m | 36 m | 39.30 m | 43.20 m | 47 m | 50.60 m | 53.30 m | 56.80 m | 58.90 m | 60.70 m | 62.20 m | ||||

## Interactions per month (Tobi Chatbot, Italy) | 805 k | ||||||||||||||

## Mobile Data Users Adds (Emerging Concumer) | 2.30 m | ||||||||||||||

## Net Adds Fixed Broadband Provider | 1.30 m | 196 k | |||||||||||||

## Net Customer Adds (Fixed Broadband), Germany | 93 k | 70 k | 66 k | 105 k | 134 k | 108 k | 92 k | 110 k | 123 k | 100 k | 94 k | 89 k | 79 k | 46 k | 69 k |

## Net Customer Adds (Fixed Broadband), Italy | 46 k | 43 k | 24 k | 38 k | 63 k | 46 k | 33 k | 70 k | 75 k | 58 k | 54 k | 95 k | 100 k | 61 k | |

## Net Customer Adds (Fixed Broadband), Spain | 34 k | 41 k | 28 k | 79 k | 64 k | 1 k | 40 k | 93 k | 75 k | 15 k | 42 k | 93 k | 209 k | -49 k | |

## Net Customer Adds (Fixed Broadband), UK | 2 k | 4 k | 5 k | 14 k | 20 k | 28 k | 30 k | 16 k | 33 k | 29 k | 33 k | 38 k | 66 k | 53 k | 44 k |

## Net Customer Adds (Mobile Contract), Germany | 137 k | 104 k | 245 k | 196 k | 49 k | 8 k | 20 k | 61 k | 123 k | 84 k | 217 k | 144 k | 212 k | 258 k | 208 k |

## Net Customer Adds (Mobile Contract), Italy | 99 k | 76 k | -36 k | -15 k | -261 k | -318 k | -289 k | -344 k | -218 k | -156 k | -139 k | -33 k | -43 k | -156 k | |

## Net Customer Adds (Mobile Contract), Spain | 14 k | 54 k | 92 k | 83 k | 105 k | 53 k | 91 k | 97 k | 96 k | 55 k | 39 k | 30 k | 40 k | 141 k | |

## Net Customer Adds (Mobile Contract), UK | 49 k | 83 k | 90 k | 94 k | 1 k | 26 k | 92 k | 99 k | 5 k | 33 k | 26 k | 41 k | 6 k | 77 k | 104 k |