What is VOD stock forecast?

Vodafone Group PLC ADR forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is VOD undervalued based on price targets?

Our DCF intrinsic value for Vodafone Group PLC ADR is $17.50, against a current price of $15.34. The margin of safety is 10.40%.

VOD

Vodafone Group PLC ADR

NASDAQ: VOD · COMMUNICATION SERVICES · TELECOM SERVICES

$15.34

-0.97% today

Updated 2026-04-29

Market cap

$35.36B

P/E ratio

—

P/S ratio

0.91x

EPS (TTM)

$-1.92

Dividend yield

3.47%

52W range

$9 – $16

Volume

3.9M

Market cap

$35.36B

P/E ratio

—

P/S ratio

0.91x

EPS (TTM)

$-1.92

Dividend yield

3.47%

52W range

$9 – $16

Volume

3.9M

Vodafone Group PLC ADR (VOD) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$15.34

Consensus

$13.94

-9.13%

2030 Target

$252.49

+1545.96%

DCF

$17.50

+10.40% MoS

Current price

$15.34

Analyst consensus

$13.94

-9.13%

2030 Target

$252.49

+1545.96%

Intrinsic (DCF)

$17.50

+10.40% MoS

3 analysts:

1 Buy1 Hold3 Sell

Management guidance

Vodafone FY2026 guidance targets Adjusted EBITDA/EBITDAAL between €11-11.3bn with accelerated free cash flow. Management expects the UK merger to contribute significantly to synergies long-term. Service revenue grew 5.1% in FY2025 with 2.5% EBITDAAL growth; company targets stabilization and modest growth through portfolio optimization and 5G/enterprise expansion.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$421.32

$48.6B Rev × 20x P/S

Base case (2030)

$252.49

$48.6B Rev × 12x P/S

Bear case (2030)

$168.83

$48.6B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$37.7B	$36.7B	$37.4B	$41.8B	$44.1B	$45.9B	$47.4B	$48.6B
Revenue growth	—	-2.5%	2.0%	11.7%	5.4%	4.2%	3.2%	2.6%
EPS	—	—	—	$0.09	$0.10	$0.12	$0.14	$0.15
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$217.50	$229.67	$238.80	$246.40	$252.49

Catalysts & risks

Growth catalysts

+ UK merger synergies realization (2026-2027 major value driver)

+ Germany network AI-ready upgrade driving enterprise/5G revenue

+ Italy Fastweb merger integration and profitability uplift

+ Amazon satellite partnership for European/African backhaul capacity

+ Share buyback program reducing float and supporting EPS

+ Enterprise services and digital revenue acceleration

Key risks

- Negative 5-year revenue CAGR (-4.0%) reflects structural decline in legacy telecom services

- Currency headwinds (EUR/GBP volatility impacts reporting to USD)

- Regulatory pressure in UK, Germany on pricing; merger integration execution risk

- Competitive pressure from larger carriers (T, VZ, DTM) and low-cost competitors

- High debt load (€57.4bn total debt, €46.5bn LT debt) limits financial flexibility

- Negative profit margins (-11.4%) and negative EPS (TTM: -$1.90) indicate structural profitability challenge

Methodology

Vodafone Group PLC ADR's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 3 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.