TELSTRA GROUP LIMITED (TLS)
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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

$4.88

17 Jun
2025

-0.010

OPEN

$4.89

-0.20%

HIGH

$4.91

20,456,992

LOW

$4.86

TARGET
$4.755 -2.6% downside
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 19.2 xxx
EPS Growth xxx - 15.9% 37.5% xxx
DPS Growth xxx 5.9% 6.6% xxx
PE Ratio xxx N/A 25.4 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 128.1% 99.3% xxx

Dividend yield today if purchased 3 years ago: 4.74%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.67

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

0.3

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

28/05/2025

1

Upgrade to Outperform from Neutral

$5.28

8.20%

Telstra Group announced its Connected Future30 strategy, focusing on cost discipline and efficiency, to deliver consistent growth to shareholders.

Macquarie notes $4.5bn of reductions were identified in operating and capital costs, and the company expects more than 50% of communication revenue to come from Network as a Product (NaaP by FY30. 

The broker highlights AI was the focus and the company suggested it could scale AI without putting pressure on costs from higher cloud expenses. The company also announced price increases for Telsta-branded and Belong mobile postpaid plans.

EPS forecast for FY25 lifted by 3% and by 11% for FY26.

Target increased to $5.28 from $3.93. Rating upgraded to Outperform from Neutral.

FORECAST
Macquarie forecasts a full year FY25 dividend of 19.90 cents and EPS of 19.90 cents.
Macquarie forecasts a full year FY26 dividend of 22.00 cents and EPS of 22.30 cents.

UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

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

02/06/2025

2

Overweight

$4.70

-3.69%

The Connected Future 30 strategy is seen by Jarden as validating Telstra Group's recent share price performance, underpinned by a more flexible capital management framework and dividend policy allowing partial franking.

An increased net debt/EBITDA range of 1.75-2.25x times supports up to $4.1bn in share buybacks through FY30, notes the broker.

Jarden sees upside risks to dividend forecasts, with a forecast cash EPS payout of 84% and mobile earnings expected to drive FY26 growth.

The "Network-as-a-Product" strategy is considered the most transformative opportunity, monetising differentiated connectivity attributes.

Jarden maintains an Overweight rating on Telstra with its target price lifted to $4.70 from $4.60.

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 21.30 cents.
Access Extra Coverage Research History >

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