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: 2.52
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

$3.63

08 Jun
2026

0.000

OPEN

$3.63

0.000

HIGH

$3.63

0

LOW

$3.63

TARGET
$4.022 10.8% upside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . MAQ . SLC . SPK . TLS . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
TPG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.9 6.5 xxx
DPS (cps) xxx 179.0 19.0 xxx
EPS Growth xxx N/A - 6.3% xxx
DPS Growth xxx 100.0% - 89.4% xxx
PE Ratio xxx N/A 56.7 xxx
Dividend Yield xxx N/A 5.2% xxx
Div Pay Ratio(%) xxx 2590.4% 293.4% xxx

Dividend yield today if purchased 3 years ago: 34.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 48.77

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: 14/11 - (franking ex-div 9c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.9
DPS All xxxxxxxxxxxxxxx179.0
Sales/Revenue xxxxxxxxxxxxxxx5,041.0 M
Book Value Per Share xxxxxxxxxxxxxxx444.2
Net Operating Cash Flow xxxxxxxxxxxxxxx2,092.0 M
Net Profit Margin xxxxxxxxxxxxxxx1.03 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx0.52 %
Return on Invested Capital xxxxxxxxxxxxxxx0.35 %
Return on Assets xxxxxxxxxxxxxxx0.30 %
Return on Equity xxxxxxxxxxxxxxx0.52 %
Return on Total Capital xxxxxxxxxxxxxxx2.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx996.0 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 xxxxxxxxxxxxxxx181 M
Long Term Debt xxxxxxxxxxxxxxx3,973 M
Total Debt xxxxxxxxxxxxxxx4,154 M
Goodwill - Gross xxxxxxxxxxxxxxx6,706 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx72 M
Price To Book Value xxxxxxxxxxxxxxx0.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx891.0 M
Capex % of Sales xxxxxxxxxxxxxxx17.68 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,242 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx409 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

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

15/04/2026

5

Underweight

$3.50

-3.58%

Morgan Stanley points to the ongoing sell-down of TPG Telecom share stakes from WH Soul Pattinson ((SOL)), with the latest sale taking the shareholding to below "substantial" at just over 5% from circa 12%-13% in February.

Re index implications, the analyst notes TPG's investable weight factor will lift to 0.39 from 0.23 and infers an index weight increase across the S&P/ASX200 and 300 indices of 4.8-4.9bps and the Small Ordinaries Index up to 44.8bps.

An estimated increase in free float equates to an expected total passive demand of $98.4m value to trade.

Underweight rated with target of  $3.50. Industry view: In-line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 19.00 cents and EPS of 4.50 cents.
Morgan Stanley forecasts a full year FY27 dividend of 20.00 cents and EPS of 4.80 cents.

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

05/06/2026

2

Overweight

$4.30

18.46%

Jarden maintains an Overweight rating for TPG Telecom with a $4.30 target price after the group reaffirmed its FY26 financial guidance.

The broker observes stronger customer additions across mobile virtual network operator and digital-first brands characterised the half-year trading trajectory in line with long-term consumer portfolios.

Lower operating expenses and variable costs successfully offset ongoing national broadband network market share losses to leave near-term EBITDA forecasts intact.

Expanding the digital subscriber base to more than 1.1m services on issue by FY29 underpins a projected 3.5% EBITDA compound annual growth rate through FY30.

Post-transformation capital expenditure reductions complement this operational leverage to significantly accelerate intermediate free cash flow yields, the report concludes.

FORECAST
Jarden forecasts a full year FY26 dividend of 19.00 cents and EPS of 6.30 cents.
Jarden forecasts a full year FY27 dividend of 20.00 cents and EPS of 9.60 cents.
Access Extra Coverage Research History >

TPG STOCK CHART

FNArena News on TPG

1
Australian Broker Call *Extra* Edition – Jun 05, 2026

Jun 05 2026 - Daily Market Reports
2
Rudi’s View: Tech Is Back (Ahead Of Tax Loss Selling)

Jun 03 2026 - Rudi's View
3
Next Week At A Glance – 25-29 May 2026

May 22 2026 - Weekly Reports
4
Rudi’s View: More Downgrades Are Coming

Apr 29 2026 - Rudi's View
5
Rudi’s View: Best Buys & Conviction Calls

Apr 23 2026 - Rudi's View

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