TPG TELECOM LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.65 AUD | +1.31% |
|
+1.09% | -10.23% |
| May. 21 | Optus Reportedly May Look to Sell Fibre Assets | CI |
| May. 06 | Singtel Taps Head of Australia's Broadband Operator for Optus -- Update | DJ |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,424 | 10,952 | 9,092 | 9,613 | 8,629 | - | - |
| Enterprise Value (EV) 1 | 17,634 | 16,460 | 14,631 | 15,685 | 14,808 | 14,600 | 14,342 |
| P/E ratio | 11.3 x | 98.2 x | 17.7 x | 199 x | 162 x | 102 x | 51 x |
| Yield | 1.04% | 2.8% | 3.68% | 3.47% | 3.74% | 3.8% | 4.14% |
| Capitalization / Revenue | 3.09 x | 2.07 x | 1.55 x | 1.74 x | 1.51 x | 1.47 x | 1.43 x |
| EV / Revenue | 4.05 x | 3.11 x | 2.5 x | 2.83 x | 2.59 x | 2.49 x | 2.38 x |
| EV / EBITDA | 12.7 x | 9.51 x | 6.85 x | 8.37 x | 7.45 x | 7.19 x | 6.8 x |
| EV / FCF | 30.6 x | 20.7 x | 50.5 x | 42.6 x | 31.5 x | 24.9 x | 18.9 x |
| FCF Yield | 3.27% | 4.84% | 1.98% | 2.35% | 3.17% | 4.02% | 5.28% |
| Price to Book | 0.7 x | 0.93 x | 0.76 x | 0.83 x | 0.76 x | 0.78 x | 0.79 x |
| Nbr of stocks (in thousands) | 1,859,342 | 1,859,342 | 1,859,342 | 1,855,715 | 1,855,715 | - | - |
| Reference price 2 | 7.220 | 5.890 | 4.890 | 5.180 | 4.650 | 4.650 | 4.650 |
| Announcement Date | 2/24/21 | 2/23/22 | 2/26/23 | 2/25/24 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,477 | 4,350 | 5,293 | 5,853 | 5,533 | 5,713 | 5,854 | 6,016 |
| EBITDA 1 | - | 1,391 | 1,731 | 2,135 | 1,875 | 1,987 | 2,030 | 2,108 |
| EBIT 1 | - | 203 | 308 | 404 | 403 | 497.9 | 526.2 | 600.9 |
| Operating Margin | - | 4.67% | 5.82% | 6.9% | 7.28% | 8.71% | 8.99% | 9.99% |
| Earnings before Tax (EBT) 1 | - | -86 | 159 | 559 | 62 | 74.2 | 107.5 | 187.1 |
| Net income 1 | - | 741 | 110 | 513 | 49 | 52.68 | 77.73 | 146.3 |
| Net margin | - | 17.03% | 2.08% | 8.76% | 0.89% | 0.92% | 1.33% | 2.43% |
| EPS 2 | - | 0.6400 | 0.0600 | 0.2760 | 0.0260 | 0.0287 | 0.0458 | 0.0912 |
| Free Cash Flow 1 | - | 576 | 796 | 290 | 368 | 470 | 586.4 | 757.5 |
| FCF margin | - | 13.24% | 15.04% | 4.95% | 6.65% | 8.23% | 10.02% | 12.59% |
| FCF Conversion (EBITDA) | - | 41.41% | 45.98% | 13.58% | 19.63% | 23.65% | 28.89% | 35.94% |
| FCF Conversion (Net income) | - | 77.73% | 723.64% | 56.53% | 751.02% | 892.16% | 754.43% | 517.82% |
| Dividend per Share 2 | - | 0.0750 | 0.1650 | 0.1800 | 0.1800 | 0.1739 | 0.1769 | 0.1927 |
| Announcement Date | 6/29/20 | 2/24/21 | 2/23/22 | 2/26/23 | 2/25/24 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 1,638 | 2,630 | 2,663 | 2,639 | 3,214 | 2,708 | 2,825 | - | - |
| EBITDA 1 | 473 | 886 | 845 | 872 | 1,263 | 941 | 934 | 1,013 | 1,030 |
| EBIT | - | 190 | 118 | 186 | 218 | 219 | - | - | - |
| Operating Margin | - | 7.22% | 4.43% | 7.05% | 6.78% | 8.09% | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income | - | 76 | - | - | - | 48 | 1 | - | - |
| Net margin | - | 2.89% | - | - | - | 1.77% | 0.04% | - | - |
| EPS | - | 0.0400 | - | - | - | - | - | - | - |
| Dividend per Share | - | 0.0800 | - | - | - | 0.0900 | - | - | - |
| Announcement Date | 2/24/21 | 8/19/21 | 2/23/22 | 8/18/22 | 2/26/23 | 8/23/23 | 2/25/24 | - | - |
1AUD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | 4,210 | 5,508 | 5,539 | 6,072 | 6,179 | 5,971 | 5,713 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 3.027 x | 3.182 x | 2.594 x | 3.238 x | 3.11 x | 2.941 x | 2.711 x |
| Free Cash Flow 1 | - | 576 | 796 | 290 | 368 | 470 | 586 | 757 |
| ROE (net income / shareholders' equity) | - | 5.28% | 1.88% | 1.88% | 0.42% | 2.2% | 2.45% | 3.49% |
| ROA (Net income/ Total Assets) | - | 2.05% | 1.17% | 1.15% | 2.99% | 3.03% | 3.2% | 3.58% |
| Assets 1 | - | 36,224 | 9,417 | 44,520 | 1,638 | 1,738 | 2,430 | 4,087 |
| Book Value Per Share 2 | - | 10.30 | 6.300 | 6.400 | 6.250 | 6.110 | 5.990 | 5.890 |
| Cash Flow per Share 2 | - | 1.030 | 0.8800 | 0.6700 | 0.8200 | 0.8400 | 0.9100 | 0.9800 |
| Capex 1 | - | 612 | 831 | 961 | 1,154 | 1,087 | 994 | 976 |
| Capex / Sales | - | 14.07% | 15.7% | 16.42% | 20.86% | 19.03% | 16.98% | 16.22% |
| Announcement Date | 6/29/20 | 2/24/21 | 2/23/22 | 2/26/23 | 2/25/24 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
4.65
AUD
Average target price
5.156
AUD
Spread / Average Target
+10.87%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -10.23% | 5.73B | |
| +9.11% | 206B | |
| +8.67% | 131B | |
| +43.68% | 84.31B | |
| -3.32% | 57.44B | |
| +10.30% | 25.93B | |
| +31.02% | 25.12B | |
| -6.45% | 16.4B | |
| +4.97% | 16.12B | |
| +7.00% | 9.81B |
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- Financials TPG Telecom Limited
