TELSTRA GROUP LIMITED (TLS)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

TLS

TLS - TELSTRA GROUP LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 2.1
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

$4.94

19 Aug
2025

0.010

OPEN

$4.94

0.20%

HIGH

$4.95

18,004,506

LOW

$4.92

TARGET
$4.873 -1.3% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . FSG . MAQ . SLC . SPK . ST1 . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
TLS: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 18.9 20.5 xxx
DPS (cps) xxx 19.0 20.2 xxx
EPS Growth xxx 34.2% 8.9% xxx
DPS Growth xxx 5.6% 6.3% xxx
PE Ratio xxx N/A 24.2 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 100.7% 98.3% xxx

Dividend yield today if purchased 3 years ago: 4.61%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.82

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx18.9
DPS All xxxxxxxxxxxxxxx19.0
Sales/Revenue xxxxxxxxxxxxxxx23,125.0 M
Book Value Per Share xxxxxxxxxxxxxxx122.1
Net Operating Cash Flow xxxxxxxxxxxxxxx6,548.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx15.07 %
Return on Invested Capital xxxxxxxxxxxxxxx7.94 %
Return on Assets xxxxxxxxxxxxxxx4.80 %
Return on Equity xxxxxxxxxxxxxxx15.07 %
Return on Total Capital xxxxxxxxxxxxxxx11.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,036.0 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx4,816 M
Long Term Debt xxxxxxxxxxxxxxx13,179 M
Total Debt xxxxxxxxxxxxxxx17,995 M
Goodwill - Gross xxxxxxxxxxxxxxx3,347 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,012 M
Price To Book Value xxxxxxxxxxxxxxx3.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx3,874.0 M
Capex % of Sales xxxxxxxxxxxxxxx16.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx16,893 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,365 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx862 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

0.4

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

15/08/2025

3

Neutral

$4.80

-2.83%

UBS notes Telstra delivered an in-line FY25 result, with underlying earnings (EBITDA) of $8.6bn up 5% year-on-year, supported by cost reductions and stronger-than-expected Enterprise fixed margins. The broker's DPS forecasts remain relatively unchanged.

Mobile earnings also rose 5%, although subscriber growth was impacted by the 3G shutdown, MOCN launch, removal of idle SIMs, and price increases, explains the broker. These factors lead to expectations of subdued mobile growth into 1H26.

Management will undertake a buyback of up to $1bn and keep executing on the Connected F30 plan.

FY26 guidance for cash EBIT growth of 5%-10% is reaffirmed, with UBS’s forecast at the upper end.

The broker trims its FY26-27 forecasts marginally citing slower mobile revenue growth and Starlink D2C licensing costs, partly offset by higher Enterprise fixed margins.

The target price increases to $4.80 from $4.60. UBS maintains a Neutral rating.

FORECAST
UBS forecasts a full year FY26 dividend of 21.00 cents and EPS of 22.00 cents.
UBS forecasts a full year FY27 dividend of 22.00 cents and EPS of 23.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

2

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 >
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

17/08/2025

3

Downgrade to Neutral from Overweight

$4.80

-2.83%

Jarden assesses Telstra Group's FY25 result as mixed, with EBITDA delivering growth of 5% y/y but underlying momentum in core portfolios weaker than expected. 

Postpaid active users rose by a weaker than expected 4k in 2H and prepaid users fell -68k. Wholesale pricing and active users showed decent growth, and the broker believes this is key to grow earnings and manage decline in prepaid users.

FY26 EPS forecast trimmed by -4% and FY27 by -2% on negative mobile subscriber mix, higher satellite-related costs and deteriorating international business momentum. 

Target cut to $4.80 from $4.90. Rating downgraded to Neutral from Overweight.

FORECAST
Jarden forecasts a full year FY26 dividend of 20.00 cents and EPS of 20.50 cents.
Jarden forecasts a full year FY27 dividend of 21.50 cents and EPS of 22.10 cents.
Access Extra Coverage Research History >

TLS STOCK CHART

FNArena News on TLS

1
Buybacks, Dividends Define Telstra’s Future

Aug 18 2025 - Australia
2
Australian Broker Call *Extra* Edition – Aug 18, 2025

Aug 18 2025 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 15-08-25

Aug 18 2025 - Weekly Reports
4
FNArena Corporate Results Monitor – 15-08-2025

Aug 15 2025 - Australia
5
Rudi’s View: BlueScope Steel, IGO, GrainCorp, Pilbara Minerals, Santos & More

Aug 14 2025 - Rudi's View

Latest Telecommunication News

1
Buybacks, Dividends Define Telstra’s Future

Aug 18 2025 - Australia
2
Telstra Shares Enjoying Firm Up-Trend

Jul 17 2025 - Technicals
3
In Brief: Austal, Superloop, Motorcycle Holdings & Nanosonics

Jul 04 2025 - Weekly Reports
4
Telstra Targets Sustainable, Growing Dividends

May 30 2025 - Australia
5
In Brief: Superloop, Woolworths & Ampol In Focus

May 16 2025 - Weekly Reports
6
In Brief: Telstra Re-Rating, MinRes & MAC Copper

May 02 2025 - Weekly Reports
7
Treasure Chest: Spark New Zealand

Apr 29 2025 - Treasure Chest
8
Aussie Broadband Unveils Ambitious Plans

Apr 16 2025 - Small Caps
9
TPG Telecom Pins Hopes On 2025

Mar 06 2025 - Small Caps
10
Telstra Now Offering Dividends Plus Buybacks

Feb 26 2025 - Australia