T-Mobile US Inc

TMUS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$597.00	Fdnsw	Tpqpkwblz

T-Mobile Earnings: Solid Customer Additions Haven’t Boosted Growth, but Cash Flow Is Strong

Michael Hodel

Jul 28, 2023

T-Mobile continues to perform well, driving solid margin gains and cash flow growth while taking wireless customer share. Our fair value estimate remains $165 per share. While we believe T-Mobile shares are undervalued, we prefer Verizon and AT&T based on valuation.

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