profit from every SEK 100 of sales.
SEK 0SEK 100
Tele2
SEK 162.85+0.37% today
+8.9% in 1 year
1-year low SEK 149.501-year high SEK 197.65
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay SEK 24.66 for every SEK 1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Tele2 sold, what it kept, and what it did with the cash.
Sales went from SEK 28.1 billion in 2022 to SEK 29.9 billion in 2025, with SEK 4.59 billion of profit last year.
SalesProfit
Tele2 handed back 58% of the cash it generated last year.
SEK 4.4B
Free cash flow 2025SEK 7.6B
Bought back its own shares–
Paid as dividendsSEK 4.4B
Cash vs. debtSEK 205M vs. SEK 28.9B
Tele2 vs. similar companies
Tele2 grows in the middle of these 5 and is the most expensive for its profits.
| Company | Profit from SEK 100 of sales | Sales growth a year | Price per SEK 1 of profit |
|---|---|---|---|
| Tele2 | 24.7× · Fair price | ||
 China Mobile | 15.8× · Fair price | ||
 Verizon | 11.2× · Cheap | ||
 T-Mobile US | 16.6× · Fair price | ||
 AT&T | 6.8× · Cheap |
AI analysis
An AI analyst reads Tele2's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 28,103 | 29,099 | 29,582 | 29,889 | |
| 11,215 | 11,811 | 12,729 | 13,000 | |
| 5,068 | 5,547 | 6,074 | 7,066 | |
| 12,709 | 11,791 | 11,890 | 12,852 | |
| 5,574 | 3,735 | 3,870 | 4,587 | |
| 8.03 | 5.37 | 5.56 | 6.58 | |
| 39.9% | 40.6% | 43.0% | 43.5% | |
| 18.0% | 19.1% | 20.5% | 23.6% | |
| 19.8% | 12.8% | 13.1% | 15.3% |
Balance sheet
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 67,656 | 66,059 | 64,442 | 62,880 |
| Cash | 986 | 1,560 | 117 | 205 |
| Total debt | 32,451 | 30,974 | 30,672 | 28,873 |
| Total liabilities | 43,973 | 43,279 | 42,345 | 40,613 |
| 23,683 | 22,780 | 22,097 | 22,267 | |
| 694 | 696 | 697 | 697 | |
| 9.2% | 8.3% | 8.9% | 10.3% | |
| 23.5% | 16.4% | 17.5% | 20.6% |
Cash flow
| In millions of SEK | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 8,250 | 10,013 | 9,778 | 11,343 | |
| 3,581 | 4,059 | 3,975 | 3,717 | |
| 4,669 | 5,954 | 5,803 | 7,626 | |
| Dividends paid | 13,629 | 4,702 | 4,777 | 4,403 |
| – | – | – | – | |
| 77 | 97 | 106 | 92 |
Valuation
- 24.7×
- –
- –
- 5.7×
- 3.8×
- 14.8×
- 11.0×
- 6.7%
- 4.1%
- 3.9%
Profitability
- 43.5%
- 23.6%
- 15.3%
- –
- 10.3%
- 9.2%
- –
- –
- –
- –
Growth
- +2.1%
- −6.4%
- –
- –
- +0.1%
Financial health
- 2.2×
- 1.30
- –
- 6.8×
- 0.57
- –
- –
How it ranks in Communication Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 32%of 435
Top 20%of 437
Bottom 40%of 346
Bottom 33%of 439
Top 45%of 439
3.9%of the share price, paid each year
On $1,000 invested$39a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
96.0% of its profit
Room to growStretchedMore than it earns: 57.7%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
50No pass
Benjamin Graham
38No pass
Philip Fisher
46No pass
Peter Lynch
23No pass
Joel Greenblatt
24No pass
Charlie Munger
43No pass
Terry Smith
43No pass
Questions about Tele2
Is Tele2 a good stock to buy?
A solid business at a fair price. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Tele2 AI analysis
What does Tele2 do?
Tele2 AB (publ) provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia. It is in Telecom Services, based in Kista, Sweden, with 3,711 employees.
Does Tele2 pay a dividend?
Yes. At today's price the dividend is 3.9% a year, about 96% of its yearly profit. In 2025 it paid out SEK 4.40 billion in dividends.
Is Tele2 stock halal?
Yes. Tele2 passes our halal screen: its business is permitted and its debt is 26% of its market value, under the 30% limit. How we check
How has Tele2 stock done over the past year?
Up 8.9% over the past twelve months, to SEK 162.85. It traded between SEK 149.50 and SEK 197.65 and is 17.6% below its high.
Who are Tele2's competitors?
The largest listed companies in the same industry are China Mobile, Verizon, T-Mobile US and AT&T. The peers table on this page compares their profit, growth and price with Tele2's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.