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

$4.15

26 Mar
2025

0.010

OPEN

$4.14

0.24%

HIGH

$4.16

24,097,758

LOW

$4.12

TARGET
$4.238 2.1% 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 19.1 xxx
DPS (cps) xxx 18.0 19.0 xxx
EPS Growth xxx - 15.9% 36.2% xxx
DPS Growth xxx 5.9% 5.6% xxx
PE Ratio xxx N/A 21.7 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 128.1% 99.3% xxx

Dividend yield today if purchased 3 years ago: 4.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.33

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

Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

21/02/2025

1

Buy

$4.50

8.43%

Telstra's interim report release proved a good news event with the dividend matching market expectations, but earnings beat forecasts and the telco announced a $750m share buyback, with potentially more on the horizon.

Post the result, Ord Minnett has reduced EPS forecasts by -3%, -1% and -2.2%, respectively, highlighting this is merely an accounting adjustment. DPS estimates remain unchanged across the forecast horizon.

The broker declares its faith in Telstra’s dividend policy and the telco's profile has only been strengthened. Buy recommendation retained, as well as the target price of $4.50.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx 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

13/03/2025

2

Overweight

$4.30

3.61%

Jarden notes focus on Telstra Group's free cash flow (FCF) has increased following the surprise $750m share buyback announcement last month.

The broker believes continued growth in the mobile market, cost control and margin expansion, and limited capex pressures will drive profit and FCF growth for the company. The broker forecasts ex-spectrum FCF to grow to $3.65bn by FY28 from $2.16bn in FY24.

Jarden believes the company can sustainably increase its dividend to the mid-20c range by FY28 with franking credit the key impediment to a higher dividend. The broker also reiterated the forecast for an additional $1.5bn share buyback to FY28.

No change to $4.30 target price and Overweight rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 19.00 cents and EPS of 19.10 cents.
Jarden 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: Captive & Uncomfortable

Mar 26 2025 - Rudi's View
2
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Mar 21 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Mar 19, 2025

Mar 19 2025 - Daily Market Reports
4
Next Week At A Glance – 17-21 Mar 2025

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5
In Brief: Telcos, Gaming & Building Materials

Mar 14 2025 - Weekly Reports

Latest Telecommunication News

1
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Mar 06 2025 - Small Caps
2
Telstra Now Offering Dividends Plus Buybacks

Feb 26 2025 - Australia
3
Goldman’s Contrarian View On Telco Challengers

Dec 17 2024 - Small Caps
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Jul 04 2024 - Small Caps
9
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May 29 2024 - Australia
10
Weekly Ratings, Targets, Forecast Changes – 15-03-24

Mar 18 2024 - Weekly Reports