Company Valuation: TPG Telecom Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 10,952 9,092 9,613 8,324 7,425 7,086 - -
Change - -16.98% 5.72% -13.41% -10.8% -4.56% - -
Enterprise Value (EV) 1 16,460 14,631 15,685 14,586 11,507 10,993 10,769 11,078
Change - -11.11% 7.2% -7.01% -21.11% -4.47% -2.04% 2.88%
P/E 98.2x 17.7x 199x -77.8x 15.4x 113x 57x 36.5x
PBR 0.93x 0.76x 0.83x 0.75x 0.86x 0.85x 0.88x 0.9x
PEG - 0x -2.2x 0x -0x -1.3x 0.6x 0.7x
Capitalization / Revenue 2.07x 1.55x 1.74x 1.51x 1.38x 1.38x 1.34x 1.31x
EV / Revenue 3.11x 2.5x 2.83x 2.64x 2.14x 2.14x 2.04x 2.04x
EV / EBITDA 9.51x 6.85x 8.37x 8.52x 7.03x 6.46x 6.1x 6.04x
EV / EBIT 53.4x 36.2x 38.9x 64.3x 14.8x 26x 22x 19x
EV / FCF 20.7x 50.5x 42.6x 57.9x 7.4x 16.3x 13.3x 35.5x
FCF Yield 4.84% 1.98% 2.35% 1.73% 13.5% 6.13% 7.52% 2.81%
Dividend per Share 2 0.165 0.18 0.18 0.18 0.18 0.1893 0.2009 0.2139
Rate of return 2.8% 3.68% 3.47% 4.01% 4.75% 5.22% 5.53% 5.89%
EPS 2 0.06 0.276 0.026 -0.0577 0.2463 0.0321 0.0637 0.0994
Distribution rate 275% 65.2% 692% -312% 73.1% 589% 315% 215%
Net sales 1 5,293 5,853 5,533 5,520 5,384 5,144 5,281 5,427
EBITDA 1 1,731 2,135 1,875 1,712 1,637 1,702 1,764 1,833
EBIT 1 308 404 403 227 780 422.7 488.6 582.7
Net income 1 110 513 49 -107 461 59.16 116.7 197.2
Net Debt 1 5,508 5,539 6,072 6,262 4,082 3,907 3,683 3,992
Reference price 2 5.890 4.890 5.180 4.490 3.790 3.630 3.630 3.630
Nbr of stocks (in thousands) 1,859,342 1,859,342 1,855,715 1,853,863 1,959,155 1,952,139 - -
Announcement Date 2/23/22 2/26/23 2/25/24 2/27/25 2/26/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
112.94x2.14x6.46x5.22% 4.93B
-200.41x48.09x108.9x - 1,914B
37.71x6.89x31.17x0.17% 225B
17.96x3.02x7.7x2.2% 203B
9.26x2.25x6.07x5.25% 147B
14.14x2.29x7.63x3.01% 65.77B
13.48x1.31x4.48x3.74% 34.02B
21.1x5.65x10.35x4.5% 33.35B
8.89x0.32x1.3x7.61% 24.98B
12.53x3.42x7.58x6.76% 20.29B
Average 4.76x 7.54x 19.16x 4.27% 267.21B
Weighted average by Cap. -137.35x 35.56x 82.01x 2.75%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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