TPG TELECOM LIMITED (TPG)
Share Price Analysis and Chart

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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

$5.04

22 Sep
2025

0.010

OPEN

$4.98

0.20%

HIGH

$5.06

889,917

LOW

$4.98

TARGET
$5.39 6.9% upside
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . 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 16.2 xxx
DPS (cps) xxx 18.0 18.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 31.1 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx N/A 111.1% xxx

Dividend yield today if purchased 3 years ago: 3.70%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.58

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

5
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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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

UBS

29/08/2025

3

Neutral

$5.40

7.14%

UBS maintains Neutral and keeps its 12-month price target for TPG Telecom at $5.40 as the telco readies a fibre demerger, leaving a simpler mobile-led rump supported by the Optus MOCN and a slimmed fixed-line reseller.

The interim report is judged as in line (it was pre-guided) with pro-forma revenue of $2.45bn and EBITDA of $786m; mobile subscribers rose by circa 100k half-on-half, with softer consumer mobile offset by stronger corporate.

Guidance is unchanged: FY25 pro-forma EBITDA $1.61–1.66bn and capex of -$790m, with UBS expecting cash flow to improve as capex normalises to -$550–650m, lease costs flatten and interest reduces post fibre sale.

FORECAST
UBS forecasts a full year FY25 dividend of 18.00 cents and EPS of 15.00 cents.
UBS forecasts a full year FY26 dividend of 20.00 cents and EPS of 19.00 cents.

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

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
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

17/09/2025

2

Upgrade to Overweight from Neutral

$5.25

4.17%

Jarden notes TPG Telecom has underperformed excessively following energy, gas and water asset sales despite balance sheet and free float improvements.

A near-term overhang consists of minorities re-investing proceeds because that's required to further reduce debt.

The broker expects around 224m new shares to be issued under the -$688m reinvestment plan, assuming there's 100% take-up at a -5% discount.

At current levels, the broker highlights the implied forecast free cash flow yields of 6.5-10.3% in FY26–28 are attractive, supporting an upgrade to Overweight from Neutral.

Target trimmed to $5.25 from $5.30.

FORECAST
Jarden forecasts a full year FY25 EPS of 9.00 cents.
Jarden forecasts a full year FY26 EPS of 15.60 cents.
Access Extra Coverage Research History >

TPG STOCK CHART

FNArena News on TPG

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 19-09-25

Sep 19 2025 - Weekly Reports
2
In Brief: TPG Telecom, Webjet Travel & Silex

Sep 19 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Sep 17, 2025

Sep 17 2025 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 04, 2025

Sep 04 2025 - Daily Market Reports
5
FNArena Corporate Results Monitor – 29-08-2025

Aug 29 2025 - Australia

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