TPG TELECOM LIMITED (TPG)
Share Price Analysis and Chart

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TPG

TPG - TPG TELECOM LIMITED

FNArena Sector : Telecommunication
Year End: December
GICS Industry Group : NONE
Debt/EBITDA: 2.52
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

$4.02

26 Mar
2026

-0.040

OPEN

$4.07

-0.99%

HIGH

$4.10

4,088,436

LOW

$4.00

TARGET
$4.078

+0.04 change from previous day

 1.4% upside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . MAQ . SLC . SPK . TLS . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
TPG: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.9 6.2 xxx
DPS (cps) xxx 179.0 19.0 xxx
EPS Growth xxx N/A - 9.9% xxx
DPS Growth xxx 100.0% - 89.4% xxx
PE Ratio xxx N/A 64.7 xxx
Dividend Yield xxx N/A 4.7% xxx
Div Pay Ratio(%) xxx 2590.4% 305.2% xxx

Dividend yield today if purchased 3 years ago: 37.53%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 44.42

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: 14/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.9
DPS All xxxxxxxxxxxxxxx179.0
Sales/Revenue xxxxxxxxxxxxxxx5,041.0 M
Book Value Per Share xxxxxxxxxxxxxxx444.2
Net Operating Cash Flow xxxxxxxxxxxxxxx2,092.0 M
Net Profit Margin xxxxxxxxxxxxxxx1.03 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx0.52 %
Return on Invested Capital xxxxxxxxxxxxxxx0.35 %
Return on Assets xxxxxxxxxxxxxxx0.30 %
Return on Equity xxxxxxxxxxxxxxx0.52 %
Return on Total Capital xxxxxxxxxxxxxxx2.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx996.0 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 xxxxxxxxxxxxxxx181 M
Long Term Debt xxxxxxxxxxxxxxx3,973 M
Total Debt xxxxxxxxxxxxxxx4,154 M
Goodwill - Gross xxxxxxxxxxxxxxx6,706 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx72 M
Price To Book Value xxxxxxxxxxxxxxx0.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx891.0 M
Capex % of Sales xxxxxxxxxxxxxxx17.68 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,242 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx409 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

0.2

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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

UBS

02/03/2026

3

Neutral

$3.95

-1.74%

In reaction to TPG Telecom's FY25 results, UBS raises its FY26-28 earnings (EBITDA) forecasts by an average 3% on stronger cost control. The target price is lifted to $3.95 from $3.80. Neutral rating maintained.

The analysts highlight a partial offset to its higher earnings forecasts is provided by higher spectrum renewal costs now estimated at around -$2bn for FY27-30 versus -$1bn previously.

The broker points to a softer-than-expected Postpaid performance in FY25 offset by mix shift to prepaid and mobile virtual network operator (MVNO) and a focus on cost control.

 Mobile service revenue is projected to grow at a 5% compound annual growth rate (CAGR).

UBS expects free cash flow (FCF) excluding spectrum to grow to $660m in FY28 from around $430m in FY26, though negative free cash flow (FCF) is forecast in FY27 due to spectrum payments.

FORECAST
UBS forecasts a full year FY26 dividend of 19.00 cents and EPS of 7.00 cents.
UBS forecasts a full year FY27 dividend of 20.00 cents and EPS of 11.00 cents.

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

25/03/2026

2

Overweight

$3.95

-1.74%

TPG Telecom has increased the front-book prepaid prices of Vodafone and Lebara by 7-14%, Jarden notes.

Data allowances generally have also increased. At the prepaid portfolio level, Jarden estimates the price changes will drive a 3% ARPU uplift, largely in line with 2026 expectations.

The broker assesses the industry's ability to align prices with value across all segments is crucial to further repairing returns, as customer mix continues to shift towards lower-cost options.

Overweight rating and $3.95 target retained.

FORECAST
Jarden forecasts a full year FY26 EPS of 7.80 cents.
Jarden forecasts a full year FY27 EPS of 10.80 cents.
Access Extra Coverage Research History >

TPG STOCK CHART

FNArena News on TPG

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5
Australian Broker Call *Extra* Edition – Mar 12, 2026

Mar 12 2026 - Daily Market Reports

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