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

$4.02

23 Dec
2024

0.040

OPEN

$3.98

1.01%

HIGH

$4.03

12,134,282

LOW

$3.97

TARGET
$4.183 4.1% 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 21.0 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 128.1% 98.2% xxx

Dividend yield today if purchased 3 years ago: 4.34%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.46

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: 30/08 - ex-div 8.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 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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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

16/08/2024

5

Reduce

$3.20

-20.40%

Telstra Group’s FY24 result was largely in line with expectations on an underlying basis and below on a reported basis due to $715m of one-offs, more than expected, Morgans notes.

Given Mobile is the largest part of Telstra, its performance matters the most. In FY24, mobile revenue lifted 4.5% year on year and expenses were up 1%, which collectively increased Mobile earnings by 9%. The broker sees this as a strong result.

Morgans retains Reduce, as mathematically the broker sees more downside than upside risk as Telstra trades on a PE multiple materially above its ten-year average and that of international incumbent peers.

Target rises to $3.20 from $3.00.

FORECAST
Morgans forecasts a full year FY25 dividend of 18.50 cents and EPS of 18.50 cents.
Morgans forecasts a full year FY26 dividend of 19.00 cents and EPS of 19.30 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

19/08/2024

2

Downgrade to Overweight from Buy

$4.20

4.48%

Telstra Group's FY24 result met consensus forecasts but Jarden considers it to be a lower-quality result, highlighting a reversal of a provision relating to the Digicel acquisition.

Management tightened FY25 guidance, confirming the broker's view that previous FY25 guidance was conservative.

FY25 EPS forecasts rise 3% (to reflect lower depreciation and amortisation, net interest costs and a lower tax rate); and FY26 EPS forecasts fall -3%.

All up, key businesses revealed strong momentum, observes the broker.

Rating is downgraded to Overweight from Buy. Target price is steady at $4.20.

FORECAST
Jarden forecasts a full year FY25 dividend of 18.50 cents and EPS of 19.10 cents.
Jarden forecasts a full year FY26 dividend of 21.00 cents and EPS of 21.10 cents.
Access Extra Coverage Research History >

TLS STOCK CHART

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