TPG TELECOM LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 4.43 AUD | -1.56% |
|
+3.99% | -14.48% |
| Apr. 30 | CLSA Upgrades TPG Telecom to Accumulate from Reduce, Price Target is AU$5 | MT |
| Apr. 30 | JPMorgan Upgrades TPG Telecom to Overweight from Neutral, Price Target is AU$5.10 | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,424 | 10,952 | 9,092 | 9,613 | 8,351 | - | - |
| Enterprise Value (EV) 1 | 17,634 | 16,460 | 14,631 | 9,613 | 14,530 | 14,321 | 14,064 |
| P/E ratio | 11.3 x | 98.2 x | 17.7 x | 199 x | 158 x | 96.6 x | 54.2 x |
| Yield | 1.04% | 2.8% | 3.68% | - | 3.87% | 3.94% | 4.27% |
| Capitalization / Revenue | 3.09 x | 2.07 x | 1.55 x | 1.74 x | 1.46 x | 1.43 x | 1.39 x |
| EV / Revenue | 4.05 x | 3.11 x | 2.5 x | 1.74 x | 2.54 x | 2.45 x | 2.34 x |
| EV / EBITDA | 12.7 x | 9.51 x | 6.85 x | 5.13 x | 7.32 x | 7.03 x | 6.65 x |
| EV / FCF | 30.6 x | 20.7 x | 50.5 x | - | 35.1 x | 25.2 x | 19.6 x |
| FCF Yield | 3.27% | 4.84% | 1.98% | - | 2.85% | 3.97% | 5.09% |
| Price to Book | 0.7 x | 0.93 x | 0.76 x | - | 0.74 x | 0.75 x | 0.76 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 | 4.500 | 4.500 | 4.500 |
| 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 | 5,711 | 5,851 | 6,010 |
| EBITDA 1 | - | 1,391 | 1,731 | 2,135 | 1,875 | 1,986 | 2,037 | 2,115 |
| EBIT 1 | - | 203 | 308 | 404 | 403 | 496.2 | 527.3 | 599.1 |
| Operating Margin | - | 4.67% | 5.82% | 6.9% | 7.28% | 8.69% | 9.01% | 9.97% |
| Earnings before Tax (EBT) 1 | - | -86 | 159 | 559 | 62 | 74.2 | 97.81 | 161.8 |
| Net income 1 | - | 741 | 110 | 513 | 49 | 52.73 | 80.02 | 134.2 |
| Net margin | - | 17.03% | 2.08% | 8.76% | 0.89% | 0.92% | 1.37% | 2.23% |
| EPS 2 | - | 0.6400 | 0.0600 | 0.2760 | 0.0260 | 0.0284 | 0.0466 | 0.0830 |
| Free Cash Flow 1 | - | 576 | 796 | 290 | - | 414.3 | 568.7 | 716.2 |
| FCF margin | - | 13.24% | 15.04% | 4.95% | - | 7.25% | 9.72% | 11.92% |
| FCF Conversion (EBITDA) | - | 41.41% | 45.98% | 13.58% | - | 20.86% | 27.91% | 33.86% |
| FCF Conversion (Net income) | - | 77.73% | 723.64% | 56.53% | - | 785.72% | 710.71% | 533.86% |
| Dividend per Share 2 | - | 0.0750 | 0.1650 | 0.1800 | - | 0.1741 | 0.1771 | 0.1923 |
| 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 | - | 6,179 | 5,971 | 5,713 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 3.027 x | 3.182 x | 2.594 x | - | 3.112 x | 2.931 x | 2.701 x |
| Free Cash Flow 1 | - | 576 | 796 | 290 | - | 414 | 569 | 716 |
| ROE (net income / shareholders' equity) | - | 5.28% | 1.88% | 1.88% | - | 2.1% | 2.4% | 3.06% |
| ROA (Net income/ Total Assets) | - | 2.05% | 1.17% | 1.15% | - | 2.96% | 3.06% | 3.37% |
| Assets 1 | - | 36,224 | 9,417 | 44,520 | - | 1,784 | 2,616 | 3,986 |
| Book Value Per Share 2 | - | 10.30 | 6.300 | 6.400 | - | 6.110 | 5.980 | 5.890 |
| Cash Flow per Share 2 | - | 1.030 | 0.8800 | 0.6700 | - | 0.8400 | 0.9200 | 0.9900 |
| Capex 1 | - | 612 | 831 | 961 | - | 1,083 | 1,009 | 988 |
| Capex / Sales | - | 14.07% | 15.7% | 16.42% | - | 18.96% | 17.24% | 16.45% |
| 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
4.5
AUD
Average target price
5.213
AUD
Spread / Average Target
+15.85%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -14.48% | 5.42B | |
| +3.21% | 194B | |
| +0.83% | 121B | |
| -1.43% | 58.21B | |
| +20.20% | 23.27B | |
| -1.58% | 22.82B | |
| +9.61% | 16B | |
| -8.99% | 15.84B | |
| +5.48% | 9.66B | |
| -14.67% | 9.4B |
- Stock Market
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- TPG Stock
- Financials TPG Telecom Limited
