TELSTRA GROUP LIMITED (TLS)
Share Price Analysis and Chart

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TLS - TELSTRA GROUP LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 2.18
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

$3.97

22 Jan
2025

-0.030

OPEN

$4.00

-0.75%

HIGH

$4.01

13,903,388

LOW

$3.95

TARGET
$4.183 5.4% 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 . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
TLS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 14.1 19.3 xxx
DPS (cps) xxx 18.0 18.9 xxx
EPS Growth xxx - 15.9% 37.1% xxx
DPS Growth xxx 5.9% 5.1% xxx
PE Ratio xxx N/A 20.6 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 128.1% 98.2% xxx

Dividend yield today if purchased 3 years ago: 4.44%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.53

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: 28/08 - ex-div 9c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx14.1
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx22,928.0 M
Book Value Per Share xxxxxxxxxxxxxxx129.1
Net Operating Cash Flow xxxxxxxxxxxxxxx6,452.0 M
Net Profit Margin xxxxxxxxxxxxxxx7.07 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx10.70 %
Return on Invested Capital xxxxxxxxxxxxxxx5.81 %
Return on Assets xxxxxxxxxxxxxxx3.58 %
Return on Equity xxxxxxxxxxxxxxx10.70 %
Return on Total Capital xxxxxxxxxxxxxxx9.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,142.0 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 xxxxxxxxxxxxxxx4,228 M
Long Term Debt xxxxxxxxxxxxxxx12,740 M
Total Debt xxxxxxxxxxxxxxx16,968 M
Goodwill - Gross xxxxxxxxxxxxxxx3,783 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,046 M
Price To Book Value xxxxxxxxxxxxxxx2.80

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx5,064.0 M
Capex % of Sales xxxxxxxxxxxxxxx22.09 %
Cost of Goods Sold xxxxxxxxxxxxxxx17,211 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,420 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx244 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

0.7

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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Macquarie

16/08/2024

1

Outperform

$4.30

8.31%

Telstra Group refined FY25 EBITDA guidance by 0.6% at the midpoint, Macquarie highlights, with free cashflow expected to provide an uplift in the dividend to 19c, a 6% rise.

Notably, management has revised the definition of free cashflow to exclude strategic investments such as intercity fibre/Viaset build.

The analyst points to the increase in spend on such items, $500m in FY26, which suggests to Macquarie some will be debt funded.

The results reflected increased competition in enterprise and mobile, with average revenue per user down in the 2H on 1H24 and weaker subscriber growth.

Macquarie revises EPS estimates for FY25/FY26 by 5% and 3%, respectively, with an unchanged $4.30 target price.

Outperform rating remains.

FORECAST
Macquarie forecasts a full year FY25 dividend of 19.00 cents and EPS of 20.00 cents.
Macquarie forecasts a full year FY26 dividend of 19.00 cents and EPS of 22.70 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

01/01/2025

1

Buy

$4.50

13.35%

Goldman Sachs has used a general update on the local telecom sector to reiterate its Buy rating for Telstra.

The positive view is based on expected margin expansion following pricing changes by the NBN. Price target $4.50.

Telstra and NextDC (NXT) are the most favoured sector exposures. 

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 19.00 cents and EPS of 20.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 20.00 cents and EPS of 21.00 cents.
Access Extra Coverage Research History >

TLS STOCK CHART

FNArena News on TLS

1
Rudi’s View: Feb Season’s Best Buys & Key Picks

Jan 23 2025 - Rudi's View
2
ESG Focus: Challenges & Hurdles Await In 2025

Jan 22 2025 - ESG Focus
3
Australian Broker Call *Extra* Edition – Jan 20, 2025

Jan 20 2025 - Daily Market Reports
4
Next Week At A Glance – 20-24 Jan 2025

Jan 17 2025 - Weekly Reports
5
Rudi’s View: Best Buys & Convictions For 2025

Jan 16 2025 - Rudi's View

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Jul 04 2024 - Small Caps
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Mar 18 2024 - Weekly Reports
9
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Jun 22 2023 - Small Caps
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Apr 27 2023 - Treasure Chest