TELSTRA GROUP LIMITED (TLS)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

TLS

TLS - TELSTRA GROUP LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 1.93
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Telstra is Australia's largest telecommunications company which builds and operates telecommunications networks. It provides voice, mobile, internet access, pay TV and related products and services. Formerly government owned, Telstra was privatised in stages with the first tranche of shares listed in 1997.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.31

26 Mar
2026

-0.010

OPEN

$5.33

-0.19%

HIGH

$5.37

15,498,586

LOW

$5.31

TARGET
$5.357

+0.03 change from previous day

 0.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . MAQ . SLC . SPK . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
TLS: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 18.9 20.7 xxx
DPS (cps) xxx 19.0 20.8 xxx
EPS Growth xxx 34.2% 9.8% xxx
DPS Growth xxx 5.6% 9.5% xxx
PE Ratio xxx N/A 25.7 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 100.7% 100.5% xxx

Dividend yield today if purchased 3 years ago: 4.51%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.56

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/08 - ex-div 9.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx18.9
DPS All xxxxxxxxxxxxxxx19.0
Sales/Revenue xxxxxxxxxxxxxxx23,125.0 M
Book Value Per Share xxxxxxxxxxxxxxx122.2
Net Operating Cash Flow xxxxxxxxxxxxxxx6,548.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx15.07 %
Return on Invested Capital xxxxxxxxxxxxxxx7.94 %
Return on Assets xxxxxxxxxxxxxxx4.80 %
Return on Equity xxxxxxxxxxxxxxx15.07 %
Return on Total Capital xxxxxxxxxxxxxxx11.83 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,036.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx4,816 M
Long Term Debt xxxxxxxxxxxxxxx13,179 M
Total Debt xxxxxxxxxxxxxxx17,995 M
Goodwill - Gross xxxxxxxxxxxxxxx3,347 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,012 M
Price To Book Value xxxxxxxxxxxxxxx3.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx3,874.0 M
Capex % of Sales xxxxxxxxxxxxxxx16.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx17,778 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,287 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,084 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

23/02/2026

1

Overweight

$5.40

1.69%

First half results from Telstra slightly beat Morgan Stanley's estimates. Upside in the mobile division funded a larger dividend. In the medium term the broker forecasts the company's digital infrastructure assets will become a larger part of total earnings and valuation.

Data centre expenditure is accelerating in Australia and while investor focus is on the operators themselves, and the acquisition of power and land, the broker points to "another quiet bottleneck", that being connectivity. Telstra already owns the country's largest fibre/duct footprint and is actively expanding.

Overweight maintained. Target rises to $5.40 from $4.95. Industry view: In Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 20.00 cents and EPS of 21.50 cents.
Morgan Stanley forecasts a full year FY27 dividend of 21.00 cents and EPS of 22.40 cents.

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

26/03/2026

3

Neutral

$5.05

-4.90%

Telstra Group's broad-based mobile price increases are slightly ahead of Jarden's expectations, supporting upgrades to FY27-28 forecast earnings and de-risking the outlook.

It is believed growth will be driven by higher mobile pricing, ongoing cost discipline and inflation-linked NBN revenue.

The broker highlights industry-wide repricing across lower-value segments reinforces a more rational pricing environment, supporting sustainable revenue growth.

Churn risks remain tied to price retention and subscriber trends, the analysts explain, though pricing gains help offset structural pressures.

The target for Telstra Group rises to $5.05 from $4.95. Neutral rating maintained.

FORECAST
Jarden forecasts a full year FY26 dividend of 21.00 cents and EPS of 20.30 cents.
Jarden forecasts a full year FY27 dividend of 23.00 cents and EPS of 21.80 cents.
Access Extra Coverage Research History >

TLS STOCK CHART

FNArena News on TLS

1
Next Week At A Glance – 30 Mar – 3 April 2026

11:47 AM - Weekly Reports
2
Australian Broker Call *Extra* Edition – Mar 26, 2026

Mar 26 2026 - Daily Market Reports
3
Rudi’s View: Make Today’s Crisis Your Opportunity

Mar 25 2026 - Rudi's View
4
Next Week At A Glance – 23-27 Mar 2026

Mar 20 2026 - Weekly Reports
5
Rudi’s View: Top Picks & Conviction Buys

Mar 19 2026 - Rudi's View

Latest Telecommunication News

1
Superloop’s Comeback Post FY25 Disappointment

Sep 19 2025 - Australia
2
Re-Rating Aussie Broadband’s Growth Outlook

Sep 04 2025 - Small Caps
3
Buybacks, Dividends Define Telstra’s Future

Aug 18 2025 - Australia
4
Telstra Shares Enjoying Firm Up-Trend

Jul 17 2025 - Technicals
5
In Brief: Austal, Superloop, Motorcycle Holdings & Nanosonics

Jul 04 2025 - Weekly Reports
6
Telstra Targets Sustainable, Growing Dividends

May 30 2025 - Australia
7
In Brief: Superloop, Woolworths & Ampol In Focus

May 16 2025 - Weekly Reports
8
In Brief: Telstra Re-Rating, MinRes & MAC Copper

May 02 2025 - Weekly Reports
9
Treasure Chest: Spark New Zealand

Apr 29 2025 - Treasure Chest
10
Aussie Broadband Unveils Ambitious Plans

Apr 16 2025 - Small Caps