Telekom Austria (WBAG:TKA) shares came into focus after the company reported fourth quarter and full year 2025 results, showing slightly higher revenue but lower net income compared with the previous year.

See our latest analysis for Telekom Austria.

Despite the mixed earnings picture, Telekom Austria’s recent share price performance has been strong, with a 15.36% 1 month share price return and 11.87% year to date share price return, while the 1 year total shareholder return sits at 21.77%.

If this kind of steady telecom story has your attention, you might also want to see how the market is rewarding other income focused names and resilient cash generators through our 105 top founder-led companies.

With the share price already close to the €10.19 analyst target and a strong recent run, the real question now is whether Telekom Austria is still undervalued or if the market is already pricing in future growth.

Most Popular Narrative: 1.9% Undervalued

Telekom Austria’s most followed narrative points to a fair value of €10.18, sitting only slightly above the latest close at €9.99, which keeps expectations finely balanced.

Persistent demand for high-speed broadband and convergent services, together with disciplined but lower CapEx before spectrum, suggests a more balanced relationship between investment and monetization that can support free cash flow and earnings quality.

Read the complete narrative.

Curious what kind of revenue growth, margin lift and future earnings multiple need to line up to support that price tag by 2028? The narrative spells out a tight set of assumptions, including how much operating efficiency and earnings power Telekom Austria might need to justify that fair value.

Result: Fair Value of €10.18 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, this hinges on Austria stabilising and international markets holding up as tougher competition or weaker demand could quickly challenge those 2028 earnings assumptions.

Find out about the key risks to this Telekom Austria narrative.

Next Steps

If this mix of optimism and caution resonates with you, do not wait around. Review the full data set and weigh it against the 3 key rewards for yourself.

Looking for more investment ideas?

If Telekom Austria’s story has sharpened your focus, do not stop here. Use this momentum to widen your watchlist with a few targeted stock ideas.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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