TPG TELECOM LIMITED (TPG)
Share Price Analysis and Chart

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TPG - TPG TELECOM LIMITED

FNArena Sector : Telecommunication
Year End: December
GICS Industry Group : NONE
Debt/EBITDA: 3.4
Index: ASX200 | ASX300 | ALL-ORDS

TPG Telecom is an Australian telecommunications company providing consumer and business internet services and mobile phone services. In 2020 Vodaphone Hutchison merged with TPG Telecom and relisted under the same name.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.64

19 Jul
2024

-0.040

OPEN

$4.63

-0.85%

HIGH

$4.67

765,512

LOW

$4.61

TARGET
$5.18 11.6% 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 . TLS . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
TPG: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 2.6 17.2 xxx
DPS (cps) xxx 18.0 19.3 xxx
EPS Growth xxx - 90.4% 100.0% xxx
DPS Growth xxx 2.9% 7.2% xxx
PE Ratio xxx N/A 26.9 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 681.8% 112.0% xxx

Dividend yield today if purchased 3 years ago: 2.93%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

3.88

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: 14/03 - ex-div 9c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.6
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx5,533.0 M
Book Value Per Share xxxxxxxxxxxxxxx624.8
Net Operating Cash Flow xxxxxxxxxxxxxxx1,203.0 M
Net Profit Margin xxxxxxxxxxxxxxx0.89 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx0.42 %
Return on Invested Capital xxxxxxxxxxxxxxx0.28 %
Return on Assets xxxxxxxxxxxxxxx0.24 %
Return on Equity xxxxxxxxxxxxxxx0.42 %
Return on Total Capital xxxxxxxxxxxxxxx2.16 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx122 M
Long Term Debt xxxxxxxxxxxxxxx6,188 M
Total Debt xxxxxxxxxxxxxxx6,310 M
Goodwill - Gross xxxxxxxxxxxxxxx8,515 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx116 M
Price To Book Value xxxxxxxxxxxxxxx0.83

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,154.0 M
Capex % of Sales xxxxxxxxxxxxxxx20.86 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,769 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx380 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

0.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

30/04/2024

1

Buy

$6.60

42.24%

To Ord Minnett's surprise, having successfully argued against a regional mobile sharing agreement between TPG Telecom and Telstra ((TLS)) last year, Optus has now signed an almost identical contract with TPG Telecom.

The broker does conclude the net economic value to TPG over the life of this deal is not material enough at this stage to get overly excited, or otherwise.

Fair value estimate unchanged at $6.60. Buy.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 18.00 cents and EPS of 8.80 cents.
Ord Minnett forecasts a full year FY25 dividend of 18.00 cents and EPS of 11.70 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$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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EXPERT VIEWS
Display All Commentary

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

07/03/2024

2

Downgrade to Overweight from Buy

$5.30

14.22%

Gross profit at TPG Telecom was marginally ahead of Jarden's estimates in 2023 although fixed costs were materially worse than expected. Guidance for 2024 EBITDA of $1.95-2.025bn is below the broker's estimates.

While continuing to envisage potential for material earnings growth over the next three years as a result of improving industry returns and fundamental valuation support, the broker's conviction has softened. The rating is cut to Overweight from Buy and the target reduced to $5.30 from $5.80.

FORECAST
Jarden forecasts a full year FY24 dividend of 18.00 cents and EPS of 13.90 cents.
Jarden forecasts a full year FY25 dividend of 19.10 cents and EPS of 18.80 cents.

TPG STOCK CHART