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: 3.23
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

$3.90

08 Jan
2026

0.000

OPEN

$3.85

0.000

HIGH

$3.91

2,001,700

LOW

$3.79

TARGET
$4.808

-0.26 change from previous day

 23.3% upside
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . MAQ . SLC . SPK . TLS . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
TPG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 5.8 15.7 xxx
DPS (cps) xxx 18.0 18.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 0.0% 0.0% xxx
PE Ratio xxx N/A 25.0 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx N/A 114.6% xxx

Dividend yield today if purchased 3 years ago: 3.70%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.59

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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-5.8
DPS All xxxxxxxxxxxxxxx18.0
Sales/Revenue xxxxxxxxxxxxxxx5,520.0 M
Book Value Per Share xxxxxxxxxxxxxxx602.7
Net Operating Cash Flow xxxxxxxxxxxxxxx1,553.0 M
Net Profit Margin xxxxxxxxxxxxxxx-1.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-0.94 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.61 %
Return on Assets xxxxxxxxxxxxxxx-0.53 %
Return on Equity xxxxxxxxxxxxxxx-0.94 %
Return on Total Capital xxxxxxxxxxxxxxx2.63 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx436.0 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 xxxxxxxxxxxxxxx136 M
Long Term Debt xxxxxxxxxxxxxxx6,168 M
Total Debt xxxxxxxxxxxxxxx6,304 M
Goodwill - Gross xxxxxxxxxxxxxxx8,515 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx42 M
Price To Book Value xxxxxxxxxxxxxxx0.74

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1,170.0 M
Capex % of Sales xxxxxxxxxxxxxxx21.20 %
Cost of Goods Sold xxxxxxxxxxxxxxx4,634 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx421 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

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

23/09/2025

1

Outperform

$5.60

43.59%

Post the Optus outage last Thursday, Macquarie estimates every 1% of Optus mobile SIO (active customers) churn represents around 36bps of potential upside to Telstra Group's ((TLS)) share price and circa 27bps to TPG Telecom's share price.

The analyst flags the pick-up in market share could also be underpinned by low growth in mobile for Optus, as well as higher churn.

Telstra's postpaid share gains could lift share to an estimated 51% and TPG to 16.6% over the next 12 months, with a corresponding rise in earnings of circa $55m for Telstra and around $24m for TPG.

Macquarie's base case assumes a 3% Optus SIO churn and a resulting rise in mobile network operator (Telstra and Vodafone) upside of 157k postpaid SIOs and an additional 57k prepaid SIOs.

At this stage, the analyst has not adjusted earnings forecasts. TPG Telecom is rated Outperform with a $5.60 target.

FORECAST
Macquarie forecasts a full year FY25 dividend of 18.00 cents and EPS of 26.50 cents.
Macquarie forecasts a full year FY26 dividend of 19.00 cents and EPS of 27.70 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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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

04/12/2025

2

Overweight

$3.70

-5.13%

Jarden notes post NBN's 1Q26 wholesale market report that TPG Telecom's SIOs (services in operation) declined around -20k over 1H26, an easing in the rate of subscriber loss against 4Q25. Around 100bps of market share was picked up via circa 86k connections, including 70k connections to Vocus.

Around 33% of their customers were on 100 plus Mbps speed tiers from circa 32% at the end of 4Q25, and the analyst believes this will speed up over 2026 post the NBN speed boost on September 14.

Overweight rated with a $3.70 target.

FORECAST
Jarden forecasts a full year FY25 EPS of 8.10 cents.
Jarden forecasts a full year FY26 EPS of 12.50 cents.
Access Extra Coverage Research History >

TPG STOCK CHART

FNArena News on TPG

1
Australian Broker Call *Extra* Edition – Dec 10, 2025

Dec 10 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Nov 24, 2025

Nov 24 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Nov 20, 2025

Nov 20 2025 - Daily Market Reports
4
Australian Dividend Payouts: Still Sustainable?

Oct 07 2025 - Australia
5
Australian Broker Call *Extra* Edition – Oct 06, 2025

Oct 06 2025 - Daily Market Reports

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