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

$4.42

07 May
2024

-0.040

OPEN

$4.44

-0.90%

HIGH

$4.48

1,475,280

LOW

$4.42

TARGET
$5.28 19.5% 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 N/A 13.4 xxx
DPS (cps) xxx N/A 19.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 33.4 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx N/A 142.5% xxx

Dividend yield today if purchased 3 years ago: 3.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.04

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

27/02/2024

5

Underweight

$4.40

-0.45%

Morgan Stanley assesses mixed FY23 results for TPG Telecom.

While average revenue per user (ARPU) for post-paid mobile increased by 8.5% (versus the broker's 5-6% forecast), mobile churn spiked and led to weaker-than-expected net subscriber growth.

The increase in churn to 15.1% from 13.6% in the previous corresponding period may limit more mobile price increases in 2024, in the analysts' view.

The broker prefers the sustainable and growing dividends of Telstra Group ((TLS)), and notes TPG is borrowing to pay dividends.

Target $4.40. Underweight. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 23.20 cents and EPS of 8.90 cents.
Morgan Stanley forecasts a full year FY25 EPS of 9.40 cents.

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

TPG STOCK CHART

FNArena News on TPG

1
Australian Broker Call *Extra* Edition – May 08, 2024

10:30 AM - Daily Market Reports
2
ESG Focus: Governance, Supply Chains, Risks

Apr 29 2024 - ESG Focus
3
Rudi’s View: Lessons & Observations From ASX All-Weathers

Apr 10 2024 - Rudi's View
4
ESG Focus: Decarbonisation, Renewables & Cyber Crime

Apr 03 2024 - ESG Focus
5
In Brief: M&A Beneficiaries, Retail, Optus, World Trade & Mortgage Stress

Mar 28 2024 - Weekly Reports

Latest Telecommunication News

1
Weekly Ratings, Targets, Forecast Changes – 15-03-24

Mar 18 2024 - Weekly Reports
2
Cloud And AI Trends Buoy Macquarie Technology

Jun 22 2023 - Small Caps
3
Treasure Chest: Tide Turns For Telstra?

Apr 27 2023 - Treasure Chest
4
Cybersecurity On The ASX

Apr 11 2023 - Small Caps
5
Mobile Momentum Drives Telstra

Feb 20 2023 - Australia
6
Super Strategic Acquisition from Superloop

Sep 29 2022 - Small Caps
7
Symbio Strategy Targets Asian Expansion

Sep 08 2022 - Small Caps
8
Finally, A New Growth Phase For Telstra?

Aug 17 2022 - Australia
9
Treasure Chest: Telstra Entering An Upgrade Cycle

Aug 02 2022 - Treasure Chest
10
Brokers Ecouraged By TPG Telecom’s Strategy Update

Jun 27 2022 - Australia