TELSTRA GROUP LIMITED (TLS)
Share Price Analysis and Chart

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TLS

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

$4.74

28 May
2025

-0.010

OPEN

$4.75

-0.21%

HIGH

$4.76

36,604,977

LOW

$4.71

TARGET
$4.755

+0.05 change from previous day

 0.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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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 19.2 xxx
EPS Growth xxx - 15.9% 37.5% xxx
DPS Growth xxx 5.9% 6.6% xxx
PE Ratio xxx N/A 24.7 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 128.1% 99.3% xxx

Dividend yield today if purchased 3 years ago: 4.60%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.77

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: 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 18.115.315.614.416.714.1
DPS All 16.016.016.016.517.018.0
Sales/Revenue 25,259.0 M23,710.0 M21,558.0 M21,277.0 M22,702.0 M22,928.0 M
Book Value Per Share 122.4121.8122.9134.0133.3129.1
Net Operating Cash Flow 5,968.0 M6,307.0 M6,656.0 M6,822.0 M6,243.0 M6,452.0 M
Net Profit Margin 8.53 %7.67 %8.61 %7.93 %8.49 %7.07 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed 14.57 %12.54 %12.78 %11.22 %12.48 %10.70 %
Return on Invested Capital 7.19 %6.08 %6.39 %6.20 %7.04 %5.81 %
Return on Assets 5.04 %4.18 %4.27 %4.01 %4.45 %3.58 %
Return on Equity 14.57 %12.54 %12.78 %11.22 %12.48 %10.70 %
Return on Total Capital 9.27 %6.87 %6.71 %8.70 %9.92 %9.70 %
Free Cash Flow ex dividends 474.0 M2,063.0 M2,675.0 M2,758.0 M1,805.0 M2,142.0 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 2,222 M3,374 M4,134 M3,180 M3,110 M4,228 M
Long Term Debt 15,031 M15,753 M13,307 M11,089 M12,756 M12,740 M
Total Debt 17,253 M19,127 M17,441 M14,269 M15,866 M16,968 M
Goodwill - Gross 1,171 M1,172 M1,139 M1,856 M3,555 M3,783 M
Cash & Equivalents - Generic 604 M499 M1,125 M1,040 M932 M1,046 M
Price To Book Value 3.142.573.062.873.222.80

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 4,370.0 M3,442.0 M3,140.0 M3,094.0 M3,870.0 M5,064.0 M
Capex % of Sales 17.30 %14.52 %14.57 %14.54 %17.05 %22.09 %
Cost of Goods Sold 19,647 M19,819 M17,867 M16,206 M16,948 M17,211 M
Selling, General & Admin. Exp & Other 2,658 M1,622 M1,444 M2,288 M2,533 M2,420 M
Research & Development ------
Investments - Total 3,406 M2,929 M1,819 M527 M355 M244 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

0.3

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

28/05/2025

3

Downgrade to Neutral from Buy

$4.60

-2.95%

UBS notes Telstra Group presented a solid outlook at its Connected Future 30 strategy day, focusing on growing demand and its competitive advantages.

The broker believes the company's 10% ROIC target by FY30 is achievable but remains cautious due to additional capex required in FY27-28 from spectrum auctions. Other headwinds include increased competition and softer government spending, but on the positive side, investment in AI could cut costs and aid productivity improvements.

The company lifted mobile monthly price for consumers/SMEs, but the net impact will be diluted by additional costs.

Rating downgrade to Neutral from Buy. Target lifted to $4.60 from $4.50 on valuation roll-forward.

FORECAST
UBS forecasts a full year FY25 dividend of 19.00 cents and EPS of 20.00 cents.
UBS forecasts a full year FY26 dividend of 21.00 cents and EPS of 22.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx 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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

26/05/2025

2

Overweight

$4.60

-2.95%

Jarden raises its target for Telstra Group to $4.60 from $4.45 and maintains an Overweight rating, citing stronger-than-expected mobile pricing and potential upside to the FY26 dividend.

Postpaid mobile plans were lifted by $5/month, driving the broker's average revenue per user (ARPU) forecast uplift of $2.30 in FY26 and a 4.3% upgrade to the FY26 EPS estimate.

Telstra’s multi-brand strategy is seen as key to monetising across segments, though the analysts note future price increases may be limited without meaningful product innovation. 

Jarden raises the target price to $4.60 from $4.45 and retains an Overweight rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 19.00 cents and EPS of 19.00 cents.
Jarden forecasts a full year FY26 dividend of 20.00 cents and EPS of 21.90 cents.
Access Extra Coverage Research History >

TLS STOCK CHART

FNArena News on TLS

1
Australian Broker Call *Extra* Edition – May 26, 2025

May 26 2025 - Daily Market Reports
2
Rudi’s View: Rate Cut Winners & AI Beneficiaries

May 22 2025 - Rudi's View
3
Next Week At A Glance – 19 – 23 May 2025

May 16 2025 - Weekly Reports
4
Rudi’s View: 30 For ’30 & Best Buy Convictions

May 15 2025 - Rudi's View
5
April In Review: ASX Becomes Tariff Safe Haven

May 06 2025 - Australia

Latest Telecommunication News

1
In Brief: Superloop, Woolworths & Ampol In Focus

May 16 2025 - Weekly Reports
2
In Brief: Telstra Re-Rating, MinRes & MAC Copper

May 02 2025 - Weekly Reports
3
Treasure Chest: Spark New Zealand

Apr 29 2025 - Treasure Chest
4
Aussie Broadband Unveils Ambitious Plans

Apr 16 2025 - Small Caps
5
TPG Telecom Pins Hopes On 2025

Mar 06 2025 - Small Caps
6
Telstra Now Offering Dividends Plus Buybacks

Feb 26 2025 - Australia
7
Goldman’s Contrarian View On Telco Challengers

Dec 17 2024 - Small Caps
8
In Brief: Superloop, Qantas, Jumbo, Qualitas & GQG

Nov 29 2024 - Weekly Reports
9
Tuas’ Simba Roars Above Competitors

Sep 26 2024 - Small Caps
10
Gen.Ai Update: Bubble-licious Or Not?

Sep 11 2024 - International