TPG TELECOM LIMITED (TPG)
Share Price Analysis and Chart

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TPG - TPG TELECOM LIMITED

FNArena Sector : Telecommunication
Year End: December
GICS Industry Group : NONE
Debt/EBITDA: 3.4
Index: ASX200 | ASX300 | ALL-ORDS

TPG Telecom is an Australian telecommunications company providing consumer and business internet services and mobile phone services. In 2020 Vodaphone Hutchison merged with TPG Telecom and relisted under the same name.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.44

20 Nov
2024

-0.090

OPEN

$4.50

-1.99%

HIGH

$4.53

765,896

LOW

$4.40

TARGET
$4.875 9.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . FSG . HTA . MAQ . SLC . SPK . ST1 . TLS . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
TPG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 2.6 15.6 xxx
DPS (cps) xxx 18.0 17.7 xxx
EPS Growth xxx - 90.4% 100.0% xxx
DPS Growth xxx 2.9% - 1.9% xxx
PE Ratio xxx N/A 28.1 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 681.8% 113.6% xxx

Dividend yield today if purchased 3 years ago: 2.77%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.12

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: 14/03 - ex-div 9c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.6
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx5,533.0 M
Book Value Per Share xxxxxxxxxxxxxxx624.8
Net Operating Cash Flow xxxxxxxxxxxxxxx1,203.0 M
Net Profit Margin xxxxxxxxxxxxxxx0.89 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.42 %
Return on Invested Capital xxxxxxxxxxxxxxx0.28 %
Return on Assets xxxxxxxxxxxxxxx0.24 %
Return on Equity xxxxxxxxxxxxxxx0.42 %
Return on Total Capital xxxxxxxxxxxxxxx2.16 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx122 M
Long Term Debt xxxxxxxxxxxxxxx6,188 M
Total Debt xxxxxxxxxxxxxxx6,310 M
Goodwill - Gross xxxxxxxxxxxxxxx8,515 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx116 M
Price To Book Value xxxxxxxxxxxxxxx0.83

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,154.0 M
Capex % of Sales xxxxxxxxxxxxxxx20.86 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,769 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx380 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

-0.1

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

15/10/2024

-1

No Rating

-

Management at TPG Telecom is reviewing capital management options following the sale for $5,250m of its Enterprise, Government & Wholesale (EGW) assets.

The broker determines around $4,600m will be available for capital management, noting most large asset sales by ASX-listed companies in recent times have resulted in a capital return.

Special dividends typically are linked to companies with large franking credit balances, highlights the analyst, noting TPG had $62m of franking credits at June 30 this year.

Macquarie is currently on research restriction for TPG Telecom and offers no rating or target price.

FORECAST
Macquarie forecasts a full year FY24 dividend of 18.00 cents and EPS of 28.30 cents.
Macquarie forecasts a full year FY25 dividend of 19.00 cents and EPS of 33.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

Goldman Sachs

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Jarden

17/10/2024

2

Overweight

$5.25

18.24%

Jarden observes the proposed sale of TPG Telecom's fibre and fixed enterprise government and wholesale assets to Vocus for $4.65bn-$4.75bn with up to $250m in contingent consideration. Completion is expected in 2H25 and subject to regulatory approvals.

As per the broker, management is planning to employ the funds to lower debt levels with an additional excess of cash to return to shareholders via a circa 74c or 79c special dividend per share.

An Overweight rating is retained with $5.25 target price. Earnings forecasts do not yet reflect the transaction.

FORECAST
Jarden forecasts a full year FY24 EPS of 15.00 cents.
Jarden forecasts a full year FY25 EPS of 15.60 cents.
Access Extra Coverage Research History >

TPG STOCK CHART

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