TPG TELECOM LIMITED (TPG)
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TPG

TPG - TPG TELECOM LIMITED

FNArena Sector : Telecommunication
Year End: December
GICS Industry Group : NONE
Debt/EBITDA: 3.23
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

$5.35

08 Aug
2025

0.090

OPEN

$5.29

1.71%

HIGH

$5.36

2,484,066

LOW

$5.22

TARGET
$5.238 -2.1% downside
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . FSG . MAQ . SLC . SPK . ST1 . TLS . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
TPG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 5.8 20.0 xxx
DPS (cps) xxx 18.0 18.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 1.5% xxx
PE Ratio xxx N/A 26.7 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx N/A 91.3% xxx

Dividend yield today if purchased 3 years ago: 2.79%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.37

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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-5.8
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx5,520.0 M
Book Value Per Share xxxxxxxxxxxxxxx602.7
Net Operating Cash Flow xxxxxxxxxxxxxxx1,553.0 M
Net Profit Margin xxxxxxxxxxxxxxx-1.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-0.94 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.61 %
Return on Assets xxxxxxxxxxxxxxx-0.53 %
Return on Equity xxxxxxxxxxxxxxx-0.94 %
Return on Total Capital xxxxxxxxxxxxxxx2.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx436.0 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx136 M
Long Term Debt xxxxxxxxxxxxxxx6,168 M
Total Debt xxxxxxxxxxxxxxx6,304 M
Goodwill - Gross xxxxxxxxxxxxxxx8,515 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx42 M
Price To Book Value xxxxxxxxxxxxxxx0.74

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,170.0 M
Capex % of Sales xxxxxxxxxxxxxxx21.20 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,634 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx421 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

01/08/2025

-1

No Rating

-

Macquarie previews the upcoming TPG Telecom FY25 earnings report, noting the telco sector has benefitted from portfolio positioning in 2025 and expects the resilient earnings, underpinned by mobile and cost outs, will retain a capital return/yield story.

The telco stocks' valuations relative to industrials are not extended, the analyst states.

Macquarie expects growth in postpaid subscriber numbers, with 30k net adds in 1H2025 for TPG and around 45k for 2025, with a forecast rise in first half postpaid ARPU of 5.2% on a year earlier due to a price rise of $4 applied to circa 60% of the back book.

The analyst raises the 2025 EPS forecast by 15% and lowers 2026 by -19% due to the costs associated with the EG&W transaction.

Macquarie remains on research restriction for the stock.

FORECAST
Macquarie forecasts a full year FY25 dividend of 19.00 cents and EPS of 29.00 cents.
Macquarie forecasts a full year FY26 dividend of 20.00 cents and EPS of 31.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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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

06/08/2025

3

Downgrade to Neutral from Overweight

$5.30

-0.93%

Management at TPG Telecom announced $1.61 per share capital return from the $4.7bn EG&W asset sale, exceeding Jarden's expectations and supporting balance sheet repair and free float expansion.

The broker expects minority shareholders will participate in a $688m reinvestment plan.

Jarden assumes full uptake, implying 186m new shares issued, though delays in reinvestment details and a softer operational update have prompted a downgrade to Neutral from Overweight.

Postpaid subscriber net adds in 1H25 were weak, according to the analysts, (up 15k versus consensus 70k). Average revenue per user (ARPU) growth is expected to be 2H-weighted as back book repricing flows through.

The broker's target price is reduced to $5.30 from $5.50.

FORECAST
Jarden forecasts a full year FY25 EPS of 10.00 cents.
Jarden forecasts a full year FY26 EPS of 15.10 cents.
Access Extra Coverage Research History >

TPG STOCK CHART

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