Is Vodafone A 'Buy' Following Its FY 2025 Earnings?

  • Vodafone is a deep value play, trading at historically low valuations despite recent operational improvements and a stronger financial position. Germany remains a weak spot due to regulatory changes, but management expects stabilization and a return to growth in FY 2026. Strong performance in other regions, robust free cash flow, and a new €2 billion share buyback signal confidence and capital return potential.