View ValuationTPG Telecom 将来の成長Future 基準チェック /36TPG Telecom利益と収益がそれぞれ年間32.9%と2.9%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に2.7% 32.1%なると予測されています。主要情報32.9%収益成長率32.10%EPS成長率Telecom 収益成長9.9%収益成長率2.9%将来の株主資本利益率2.69%アナリストカバレッジGood最終更新日17 Apr 2026今後の成長に関する最新情報Price Target Changed • Nov 19Price target decreased by 9.2% to AU$5.00Down from AU$5.50, the current price target is an average from 13 analysts. New target price is 34% above last closing price of AU$3.73. Stock is down 16% over the past year. The company is forecast to post earnings per share of AU$0.015 next year compared to a net loss per share of AU$0.058 last year.Major Estimate Revision • Jan 30Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.048 to AU$0.042 per share. Revenue forecast steady at AU$5.55b. Net income forecast to grow 190% next year vs 29% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$5.09. Share price rose 3.3% to AU$4.37 over the past week.Major Estimate Revision • Sep 14Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.041 to AU$0.045. Revenue forecast steady at AU$5.56b. Net income forecast to grow 207% next year vs 37% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$5.24. Share price was steady at AU$4.93 over the past week.Major Estimate Revision • May 21Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.087 to AU$0.078 per share. Revenue forecast steady at AU$5.63b. Net income forecast to shrink 72% next year vs 42% growth forecast for Telecom industry in Australia . Consensus price target down from AU$6.00 to AU$5.84. Share price was steady at AU$5.54 over the past week.Major Estimate Revision • Apr 23Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from AU$0.078 to AU$0.087. Revenue forecast steady at AU$5.63b. Net income forecast to shrink 68% next year vs 42% growth forecast for Telecom industry in Australia . Consensus price target of AU$6.00 unchanged from last update. Share price was steady at AU$5.27 over the past week.Major Estimate Revision • Mar 05Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.10 to AU$0.084 per share. Revenue forecast steady at AU$5.61b. Net income forecast to shrink 70% next year vs 29% growth forecast for Telecom industry in Australia . Consensus price target broadly unchanged at AU$6.11. Share price rose 4.9% to AU$4.95 over the past week.すべての更新を表示Recent updatesナラティブ更新 • Apr 30TPG: Fair Outlook Will Depend On Lower Discount Rate And P/E AssumptionsAnalysts have modestly lifted their price target on TPG Telecom to A$4.16 from A$4.13, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E as the key drivers of the change. Valuation Changes Fair Value: A$4.13 to A$4.16, a slight uplift in the assessed valuation range.ナラティブ更新 • Apr 15TPG: Fair Outlook Will Rely On Refined Discount Rate And P/E AssumptionsAnalysts have nudged their price target for TPG Telecom higher to A$4.13. This is a small refinement that reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E, rather than a major shift in outlook.ナラティブ更新 • Mar 31TPG: Stable Outlook Will Rely On Slightly Softer Discount Rate AssumptionsAnalysts have nudged their price target for TPG Telecom slightly higher to A$4.13 from A$4.11, reflecting small adjustments to fair value, discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. Valuation Changes Fair Value: A$4.11 to A$4.13, a small upward adjustment to the estimated share valuation.ナラティブ更新 • Mar 17TPG: Stable Fair Value And Refined Assumptions Will Guide Future ReturnsAnalysts have maintained the TPG Telecom price target at A$4.11, making only minor adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions. This reflects a largely unchanged view of the stock's key valuation drivers.ナラティブ更新 • Mar 03TPG: Equity Raising And Higher P/E Assumptions Will Shape Future ReturnsAnalysts have reduced their price target for TPG Telecom from A$4.28 to A$4.11. This reflects updated views on revenue growth, profit margins and a higher future P/E assumption, supported by a slightly lower discount rate.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: AU$0.028 (vs AU$0.058 loss in FY 2024)Full year 2025 results: EPS: AU$0.028 (up from AU$0.058 loss in FY 2024). Revenue: AU$5.05b (down 8.6% from FY 2024). Net income: AU$52.0m (up AU$159.0m from FY 2024). Profit margin: 1.0% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance.お知らせ • Feb 27Tpg Telecom Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2025, Payable on April 2, 2026TPG Telecom Limited announced ordinary dividend of AUD 0.09000000 for the six months ended December 31, 2025. Record date is March 6, 2026. Ex-date is March 5, 2026. The dividend will be payable on April 2, 2026.ナラティブ更新 • Feb 16TPG: Recent Equity Raisings Will Support Higher Future Share ReturnsAnalysts have nudged their price target for TPG Telecom slightly higher to A$4.28 from A$4.26. This reflects updated assumptions around discount rates, modest revenue contraction, profit margins and a higher future P/E multiple.ナラティブ更新 • Feb 02TPG: Equity Raisings And Special Dividend Will Support Balanced Future ReturnsAnalysts have trimmed their price target for TPG Telecom to A$4.26 from A$4.51, citing slightly lower fair value estimates along with modestly softer assumptions for long term revenue growth, profit margins and future P/E multiples. What's in the News TPG Telecom completed a follow on equity offering totaling A$73.42 million through a rights issue of 20,585,238 ordinary shares at A$3.566623 per share (company filing).ナラティブ更新 • Jan 19TPG: Upcoming Capital Raises And Special Dividend Will Support Future UpsideAnalysts have reduced their price target on TPG Telecom from A$4.75 to A$4.51, citing slightly softer assumptions on profit margins, revenue trends and future P/E multiples as the main reasons for the change. What's in the News TPG Telecom completed a follow on equity offering of A$73.4 million through a rights issue of 20,585,238 ordinary shares at A$3.57 per share, described as a Rights Offering (company event filing).ナラティブ更新 • Jan 05TPG: Upcoming Equity Offers And Special Dividend Will Support Future UpsideAnalysts have raised their fair value estimate for TPG Telecom from A$4.64 to A$4.75 per share. The change reflects updated discount rate assumptions, expectations for slightly softer revenue contraction, and minor adjustments to profit margin and forward P/E inputs.お知らせ • Dec 24+ 1 more updateTPG Telecom Limited to Report Fiscal Year 2025 Results on Feb 27, 2026TPG Telecom Limited announced that they will report fiscal year 2025 results on Feb 27, 2026ナラティブ更新 • Dec 19TPG: Upcoming Capital Returns Will Drive Attractive Upside For ShareholdersAnalysts have trimmed their price target for TPG Telecom to approximately $4.64 from about $5.00. This reflects a slightly higher perceived risk, offset by modestly improved long term profit margin expectations and a lower projected future P/E multiple.お知らせ • Dec 15TPG Telecom Limited, Annual General Meeting, May 08, 2026TPG Telecom Limited, Annual General Meeting, May 08, 2026.ナラティブ更新 • Dec 05TPG: Upcoming Capital Return Will Support Future Shareholder Upside PotentialAnalysts have trimmed their price target on TPG Telecom slightly to approximately $5.00 per share, citing marginally higher discount rate assumptions, along with largely unchanged expectations for revenue growth, profit margins, and future valuation multiples. What's in the News TPG Telecom has completed a follow-on equity offering of approximately AUD 300 million via a subsequent direct listing of 83.1 million ordinary shares at AUD 3.61 per share (company filing).ナラティブ更新 • Nov 21TPG: Equity Offerings And Special Dividend Will Drive Future Shareholder ReturnsAnalysts have revised TPG Telecom’s fair value estimate downward by $0.50 per share to $5.00, citing a modest contraction in profit margin expectations and a higher discount rate that is impacting future projections. What's in the News TPG Telecom has completed a follow-on equity offering worth AUD 300 million, issuing 83,102,493 ordinary shares at AUD 3.61 (Key Developments).Price Target Changed • Nov 19Price target decreased by 9.2% to AU$5.00Down from AU$5.50, the current price target is an average from 13 analysts. New target price is 34% above last closing price of AU$3.73. Stock is down 16% over the past year. The company is forecast to post earnings per share of AU$0.015 next year compared to a net loss per share of AU$0.058 last year.お知らせ • Nov 19TPG Telecom Limited has completed a Follow-on Equity Offering in the amount of AUD 300 million.TPG Telecom Limited has completed a Follow-on Equity Offering in the amount of AUD 300 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 83,102,493 Price\Range: AUD 3.61 Transaction Features: Subsequent Direct Listingお知らせ • Nov 18TPG Telecom Limited has filed a Follow-on Equity Offering in the amount of AUD 550.000001 million.TPG Telecom Limited has filed a Follow-on Equity Offering in the amount of AUD 550.000001 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 152,354,571 Price\Range: AUD 3.61 Transaction Features: Subsequent Direct ListingUpcoming Dividend • Nov 07Upcoming dividend of AU$1.61 per shareEligible shareholders must have bought the stock before 14 November 2025. Payment date: 24 November 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Australian dividend payers (5.6%). Lower than average of industry peers (4.2%).分析記事 • Oct 08Some Shareholders Feeling Restless Over TPG Telecom Limited's (ASX:TPG) P/S RatioWhen you see that almost half of the companies in the Telecom industry in Australia have price-to-sales ratios (or...Declared Dividend • Aug 30First half dividend of AU$0.09 announcedDividend of AU$0.09 is the same as last year. Ex-date: 4th September 2025 Payment date: 3rd October 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (37% cash payout ratio). The dividend has increased by an average of 19% per year over the past 5 years and payments have been stable during that time.Reported Earnings • Aug 29First half 2025 earnings released: EPS: AU$0.017 (vs AU$0.004 in 1H 2024)First half 2025 results: EPS: AU$0.017 (up from AU$0.004 in 1H 2024). Revenue: AU$2.45b (up 2.0% from 1H 2024). Net income: AU$32.0m (up 357% from 1H 2024). Profit margin: 1.3% (up from 0.3% in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.お知らせ • Aug 18TPG Telecom Limited Appoints John Otty as Non-Executive Director, Effective 18 August 2025TPG Telecom Limited announced a change to the directors of the Company. The Board of the Company has appointed John Otty as a non-executive director to replace Serpil Timuray as a nominated director of Vodafone Group Plc, which holds 25.05% of the shares in the Company. Mr. Otty's appointment will be effective on 18 August 2025 and fills the casual vacancy arising from Ms Timuray's resignation in July. Mr. Otty will stand for election at TPG's Annual General Meeting in May 2026. Mr. Otty has served as a non-executive director of various companies for over 15 years and served as a director of the Company between 2009 - 2010 and 2012 - 2018 when it was named Vodafone Hutchison Australia and before the merger with TPG. Mr. Otty currently holds directorships with Vodacom Group Ltd. (listed in Johannesburg), Vodafone Ziggo Group BV (Netherlands) and Vodafone Procurement Company SARL (Luxembourg). Previously he was the Vodafone Group Financial Controller. Mr. Otty joined Vodafone in December 1992 and held a number of senior executive positions including Group Technology Financial Director, interim Chief Financial Officer of Vodafone India, Vodafone Plc Group Internal Audit Director and Chief Financial Officer for Africa, Middle East and Asia Pacific region. Mr. Otty holds a degree in Electronic Engineering (Cambridge University) and is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA).お知らせ • Jul 31Vocus Group Limited completed the acquisition of Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG).Vocus Group Limited agreed to acquire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) for AUD 6.3 billion on August 1, 2023. The indicative offer is conditional upon a number of matters, including due diligence, debt financing, finalization of transaction documentation, and approvals of the respective Boards of TPG and Vocus Group. As of October 14, 2024, Vocus Group Limited entered into a binding Share Purchase Agreement to acquire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 5.1 billion. This includes a potential AUD 250 million Contingent Value Payment, subject to the meeting of certain subscriber targets for the Vision Network wholesale residential fixed access business between two and four years after completion. TPG intends to use these proceeds to support future capital management and business investment initiatives. The transaction will see TPG offload nearly 27,000 kilometres of fibre, 15,000 kilometres of international submarine cables and its enterprise, government and wholesale fixed business units to Vocus, which is partly owned by Aware Super and Macquarie Asset Management. TPG will retain its mobile network infrastructure and its consumer business unit under the deal, which follows a similar failed AUD 6.3 billion agreement with Vocus that was shelved this time last year. As part of the agreement, 560 TPG employees will shift to Vocus, and TPG will buy fixed network services from Vocus for an annual fee of AUD 130 million. The parties are targeting completion of the Transaction in the second half of 2025 subject to satisfaction of conditions precedent, including regulatory approvals. TPG intends to use these proceeds to support future capital management and business investment initiatives. As of November 18, 2024, The Australian Competition and Consumer Commission declared that the submissions are invited from interested parties regarding the Proposed Acquisition by 5pm on December 2, 2024. TPG Telecom has extended the exclusive due diligence period with Vocus Group until October 4, 2023. As on October 4, 2023, exclusive due diligence period granted to Vocus Group in relation to acquisition has expired. Discussions in relation to the commercial terms remain ongoing. As on 4 August 2024, stating that TPG is in discussions with Vocus Group in relation to the possible sale of its fibre network. At the TPG Annual General Meeting on 3 May 2024, TPG confirmed previous statements that it would continue assessing value-optimizing alternatives for its fixed infrastructure assets as part of a strategic review. Vocus Group and TPG have engaged in non-exclusive discussions as part of that strategic review process. As of March 20, 2025, The Australian Competition and Consumer Commission declared that it will not oppose acquisition. As of July 7, 2025, the deal has been approved by Foreign Investment Review Board. Macquarie Australia Capital Limited and BofA acted as the financial advisor to TPG, Allens acted as legal advisor to TPG Telecom Limited (ASX:TPG). Vocus Group Limited completed the acquisition of Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) on July 31, 2025. TPG Telecom Limited completed the sale of its fibre network infrastructure assets and Enterprise, Government and Wholesale fixed business to Vocus Group Limited, for an enterprise value of AUD 5.25 billion.Buy Or Sell Opportunity • Jul 04Now 20% undervaluedOver the last 90 days, the stock has risen 13% to AU$5.35. The fair value is estimated to be AU$6.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.分析記事 • Jun 25Is TPG Telecom (ASX:TPG) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Declared Dividend • Mar 03Final dividend of AU$0.09 announcedDividend of AU$0.09 is the same as last year. Ex-date: 6th March 2025 Payment date: 4th April 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (44% cash payout ratio). The dividend has increased by an average of 24% per year over the past 4 years and payments have been stable during that time.お知らせ • Mar 02TPG Telecom Limited Declares Ordinary Fully Paid Dividend for the Period of Six Months Ended December 31, 2024, Payable on April 4, 2025TPG Telecom Limited declared an ordinary fully paid dividend of AUD 0.09000000 for a period of six months ended December 31, 2024. The Ex Date is March 6, 2025, the Record Date is March 7, 2025, and the Payment Date is April 4, 2025.Reported Earnings • Feb 28Full year 2024 earnings releasedFull year 2024 results: Revenue: AU$5.53b (flat on FY 2023). Net loss: AU$107.0m (down 318% from profit in FY 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Australia.お知らせ • Feb 14TPG Telecom Limited, Annual General Meeting, May 07, 2025TPG Telecom Limited, Annual General Meeting, May 07, 2025.新しいナラティブ • Feb 095G Investments And Optus Agreement Will Expand Market Coverage And Reduce Costs TPG Telecom's focus on cost efficiency and business simplification is expected to slow OpEx growth and improve net margins. Major Estimate Revision • Jan 30Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.048 to AU$0.042 per share. Revenue forecast steady at AU$5.55b. Net income forecast to grow 190% next year vs 29% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$5.09. Share price rose 3.3% to AU$4.37 over the past week.お知らせ • Jan 20+ 1 more updateTPG Telecom Limited to Report First Half, 2025 Results on Aug 28, 2025TPG Telecom Limited announced that they will report first half, 2025 results on Aug 28, 2025お知らせ • Oct 21TPG Telecom Limited Announces Board ChangesTPG Telecom Limited announced the appointment of Paula Jane Dwyer as independent non-executive director, date of appointment is October 21, 2024. Ms. Dwyer will become Chairman of TPG Telecom's Audit and Risk Committee, and a member of its Governance and Remuneration Committee, as well as the Nomination Committee. Ms. Dwyer has had a distinguished career as a Non-Executive Director. She is currently Chairman of Allianz Australia and a Non-Executive Director of AMCIL, Lion and Dexus. She has previously been Chairman of Healthscope and Tabcorp and a Non-Executive Director of ANZ Banking Group and Suncorp, among other roles. A chartered accountant by training, Ms. Dwyer has chaired multiple Audit and/or Risk Committees, including for Lion, ANZ Banking Group and Suncorp. Ms. Arlene Tansey will retire from her directorship effective 21 October 2024 following four years of service to TPG Telecom and its stakeholders. TPG Telecom Chairman, Canning Fok, welcomed Ms. Dwyer to the Board and thanked Ms. Tansey for her contribution to the Company.お知らせ • Oct 18TPG Telecom Limited Appoints Rebecca Darley as Chief Marketing Officer, Effective 16 December, 2024TPG Telecom has appointed Rebecca Darley to a role of group chief marketing officer, starting on 16 December. Darley was most recently chief marketing officer at property company Domain Group where she was also managing director of its consumer division. At TPG, Darley will lead marketing across all of TPG's brands including Vodafone, TPG, felix, iiNet and Lebara.お知らせ • Oct 14Vocus Group Limited entered into binding Share Purchase Agreement to acquire Fibre network assets and EGW business of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 5.2 billion.Vocus Group Limited entered into binding Share Purchase Agreement to acquire Fibre network assets and EGW business of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 5.2 billion on October 13, 2024. The consideration will be paid at an enterprise value of AUD 5,210, including a potential AUD 250 million Contingent Value Payment. TPG intends to use these proceeds to support future capital management and business investment initiatives. The transaction will see TPG offload nearly 27,000 kilometres of fibre, 15,000 kilometres of international submarine cables and its enterprise, government and wholesale fixed business units to Vocus, which is partly owned by Aware Super and Macquarie Asset Management. TPG will retain its mobile network infrastructure and its consumer business unit under the deal, which follows a similar failed $6.3 billion agreement with Vocus that was shelved this time last year. As part of the agreement, 560 TPG employees will shift to Vocus, and TPG will buy fixed network services from Vocus for an annual fee of AUD 130 million. The acquisition is subject to customary conditions precedent for a transaction of this kind including applicable regulatory approvals, including from FIRB and the ACCC and is expected to close in the second half of 2025.Major Estimate Revision • Sep 14Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.041 to AU$0.045. Revenue forecast steady at AU$5.56b. Net income forecast to grow 207% next year vs 37% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$5.24. Share price was steady at AU$4.93 over the past week.Declared Dividend • Sep 02First half dividend of AU$0.09 announcedDividend of AU$0.09 is the same as last year. Ex-date: 12th September 2024 Payment date: 11th October 2024 Dividend yield will be 3.6%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 11x earnings). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 24% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,137% to bring the payout ratio under control. EPS is expected to grow by 159% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Aug 31First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2024 results: EPS: AU$0.016 (down from AU$0.026 in 1H 2023). Revenue: AU$2.72b (flat on 1H 2023). Net income: AU$29.0m (down 40% from 1H 2023). Profit margin: 1.1% (down from 1.8% in 1H 2023). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Aug 06Vocus Eyes TPG Fibre NetworksTPG Telecom Almost a year to the day after speculation about Vocus Group aiming to snap up TPG Telecom Limited (ASX:TPG)'s fibre network was floated, the latter has confirmed talks are once again under way. And once again the message to shareholders is that there is no certainty any deal will go through, with TPG drawing attention to last year's failed talks. On August 1 last year TPG confirmed to the ASX that it was talking to Macquarie-backed Vocus about the potential sale of its non-mobile fibre assets, with a price tag of $6.3 billion later revealed as the bid price. During that process TPG Telecom warned repeatedly that ‘the nature of the transaction involves considerable complexity which needs time to work through and there remains no certainty an agreed transaction will eventuate’. In mid-November the talks were discontinued with TPG saying they were ‘unable to reach alignment on the operating model and commercial terms for TPG to have sufficient confidence that a successful transaction can be agreed and executed’. TPG Managing Director Inaki Berroeta told the company's annual meeting in May that a strategic review into the fibre assets was ongoing. ‘These assets include our Vision Network wholesale business and the extensive fibre networks we own and operate around the nation - the value of which is not fully reflected in TPG Telecom's share price,’ he said. ‘Following our decision to cease discussions with Vocus last November, we are continuing to explore value-optimising options around these assets and will update the market as we fully explore this opportunity.’ TPG said on August 5, 2024 that Mr. Berroeta's statements at the annual meeting remained accurate. ‘Vocus Group and TPG have engaged in non-exclusive discussions as part of that strategic review process. ‘Securityholders should be aware that TPG's discussion with Vocus Group in 2023 did not lead to a transaction and there is no certainty a transaction will eventuate from the current discussions. ‘TPG will keep the market updated in accordance with its continuous disclosure obligations’.Upcoming Dividend • Mar 07Upcoming dividend of AU$0.09 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 12 April 2024. The company is paying out more than 100% of its profits and is paying out 91% of its cash flow. Trailing yield: 3.9%. Lower than top quartile of Australian dividend payers (6.3%). Lower than average of industry peers (5.0%).Declared Dividend • Feb 28Final dividend of AU$0.09 announcedDividend of AU$0.09 is the same as last year. Ex-date: 14th March 2024 Payment date: 12th April 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 34% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 658% to bring the payout ratio under control. EPS is expected to grow by 130% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.Reported Earnings • Feb 26Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: AU$5.57b (up 2.8% from FY 2022). Net income: AU$49.0m (down 90% from FY 2022). Profit margin: 0.9% (down from 9.5% in FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Australia.お知らせ • Feb 02TPG Telecom Reportedly Prepares Fresh Push for Mobile Asset SalesTPG Telecom Limited (ASX:TPG) is believed to be preparing to bring its non-fibre mobile assets back to market in the months ahead. Sources say TPG Telecom has a large team examining the company's capital costs and possible funding options. The thinking is a second sale attempt is being planned with improving market conditions in the not-too-distant future. TPG halted talks with Macquarie-backed rival telco Vocus Group Limited in November over a sale and leaseback of its non-fibre mobile assets in a deal expected to be worth about $6.3 billion. That deal came after a strategic review was taking place that included a sale process for its Vision Network business, which connects homes to the internet. Vocus was originally weighing an acquisition of Vision, but then became more keen on a broader deal. The transaction stalled after both groups could not agree on operational and commercial terms. Aiding any sale process will be improving conditions in the US debt markets. Vocus made an unsolicited bid for TPG's "mini NBN" fixed infrastructure assets - including Vision Network, which services about 400,000 customers. But once the pair engaged in talks, the deal increased dramatically in scale to include TPG's broadband assets, which would have effectively doubled Vocus's market share in the business and government space, rivalling beleaguered Optus. Separating out assets in a telecoms company is a tricky exercise as Telstra knows only too well with its infrastructure unit it created called Telstra InfraCo. That took about two years. Part of the Vocus negotiations would involve long-term supply contracts. The question is whether Vocus comes back and takes a second look at the offering, or whether pension funds line up. A private equity firm like Kohlberg Kravis Roberts may also take a look. At the time that the deal stalled, TPG had said it had received strong interest in its fixed infrastructure assets.お知らせ • Jan 11+ 2 more updatesTPG Telecom Limited to Report Q2, 2024 Results on Aug 23, 2024TPG Telecom Limited announced that they will report Q2, 2024 results on Aug 23, 2024Upcoming Dividend • Sep 05Upcoming dividend of AU$0.09 per share at 3.2% yieldEligible shareholders must have bought the stock before 12 September 2023. Payment date: 11 October 2023. Payout ratio is on the higher end at 85%, and the cash payout ratio is above 100%. Trailing yield: 3.2%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (5.1%).Reported Earnings • Aug 25First half 2023 earnings released: EPS: AU$0.026 (vs AU$0.09 in 1H 2022)First half 2023 results: EPS: AU$0.026 (down from AU$0.09 in 1H 2022). Revenue: AU$2.72b (up 3.0% from 1H 2022). Net income: AU$48.0m (down 71% from 1H 2022). Profit margin: 1.8% (down from 6.3% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Aug 24TPG Telecom Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on October 11, 2023TPG Telecom Limited announced ordinary dividend of AUD 0.09000000 per share for the six months ended June 30, 2023. Dividend payable on October 11, 2023, record date of September 13, 2023 and ex-date of September 12, 2023.お知らせ • Aug 08TPG Telecom Limited Announces Chief Financial Officer ChangesTPG Telecom Limited announced appoints Boniciolli as CFO, Dempsey resigns. TPG Telecom has announced that Grant Dempsey has resigned from his role of group CFO. Dempsey has decided to retire from full-time employment to spend more time with his family. Dempsey will remain in the role of Group CFO until 13 November, and continue with the company in an advisory capacity to ensure a full handover until early to mid 2024.お知らせ • Aug 02Vocus Group Limited agreed to acqiuire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) for AUD6.3 billion.Vocus Group Limited agreed to acqiuire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) for AUD6.3 billion on August 1, 2023. The indicative offer is conditional upon a number of matters, including due diligence, debt financing, finalisation of transaction documentation, and approvals of the respective Boards of TPG and Vocus Group.Major Estimate Revision • May 21Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.087 to AU$0.078 per share. Revenue forecast steady at AU$5.63b. Net income forecast to shrink 72% next year vs 42% growth forecast for Telecom industry in Australia . Consensus price target down from AU$6.00 to AU$5.84. Share price was steady at AU$5.54 over the past week.Major Estimate Revision • Apr 23Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from AU$0.078 to AU$0.087. Revenue forecast steady at AU$5.63b. Net income forecast to shrink 68% next year vs 42% growth forecast for Telecom industry in Australia . Consensus price target of AU$6.00 unchanged from last update. Share price was steady at AU$5.27 over the past week.Upcoming Dividend • Mar 08Upcoming dividend of AU$0.09 per share at 3.6% yieldEligible shareholders must have bought the stock before 15 March 2023. Payment date: 13 April 2023. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (4.8%).Major Estimate Revision • Mar 05Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.10 to AU$0.084 per share. Revenue forecast steady at AU$5.61b. Net income forecast to shrink 70% next year vs 29% growth forecast for Telecom industry in Australia . Consensus price target broadly unchanged at AU$6.11. Share price rose 4.9% to AU$4.95 over the past week.Reported Earnings • Feb 27Full year 2022 earnings released: EPS: AU$0.28 (vs AU$0.059 in FY 2021)Full year 2022 results: EPS: AU$0.28 (up from AU$0.059 in FY 2021). Revenue: AU$5.85b (up 9.9% from FY 2021). Net income: AU$513.0m (up 366% from FY 2021). Profit margin: 8.8% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Telecom industry in Australia.お知らせ • Feb 13+ 1 more updateTPG Telecom Limited to Report Fiscal Year 2022 Results on Feb 27, 2023TPG Telecom Limited announced that they will report fiscal year 2022 results on Feb 27, 2023Major Estimate Revision • Jan 31Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate increased from AU$0.125 to AU$0.145. Revenue forecast steady at AU$5.34b. Net income forecast to grow 3.2% next year vs 26% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$6.26. Share price fell 3.9% to AU$4.94 over the past week.Major Estimate Revision • Dec 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from AU$0.11 to AU$0.12. Revenue forecast steady at AU$5.35b. Net income forecast to grow 3.4% next year vs 29% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$6.36. Share price was steady at AU$4.80 over the past week.お知らせ • Nov 22Suitors Reportedly Running an Eye over Vision NetworksFlyer documents may be now out in the market for Vision Networks business of TPG Telecom Limited (ASX:TPG), but the sale process is not getting started until 2023. Buyers are already weighing up the pros and cons of buying the company, with the assessment so far is it is likely to fetch about $1 billion. Sources said one area of focus when they gain due diligence will be the age of the assets and the need for upgrades. The business consists of the assets from the former telco provider Neighbourhood Cable based in regional Victoria and the TransACT network based in Canberra, which have been described as "quite old assets". The parties to beat in the contest are Uniti owners Brookfield and Morrison & Co. TPG in October 2022 announced it had hired Bank of America for a strategic review of the division that connects internet to homes in new developments. Canadian pension fund OMERS Administration Corp. could also be a buyer, given that it has a relationship with TPG Telecom after buying its telecoms tower portfolio that is now leased back to TPG.Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 8 non-independent directors. Senior Independent Director Helen Nugent was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Recent Insider Transactions • Oct 06Senior Independent Director recently bought AU$80k worth of stockOn the 27th of September, Helen Nugent bought around 17k shares on-market at roughly AU$4.72 per share. This transaction increased Helen's direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$561k. Despite this recent purchase, insiders have collectively sold AU$342m more in shares than they bought in the last 12 months.Upcoming Dividend • Sep 06Upcoming dividend of AU$0.09 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 12 October 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Lower than top quartile of Australian dividend payers (6.5%). Lower than average of industry peers (5.0%).Recent Insider Transactions • Aug 27Non-Executive Director recently bought AU$561k worth of stockOn the 25th of August, Robert Millner bought around 100k shares on-market at roughly AU$5.61 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$342m more in shares than they bought in the last 12 months.Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to AU$5.41, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 40x in the Telecom industry in Australia. Total loss to shareholders of 10% over the past year.Price Target Changed • Aug 24Price target decreased to AU$6.60Down from AU$7.15, the current price target is an average from 13 analysts. New target price is 18% above last closing price of AU$5.60. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of AU$0.11 for next year compared to AU$0.059 last year.Reported Earnings • Aug 20First half 2022 earnings released: EPS: AU$0.09 (vs AU$0.042 in 1H 2021)First half 2022 results: EPS: AU$0.09 (up from AU$0.042 in 1H 2021). Revenue: AU$2.64b (flat on 1H 2021). Net income: AU$167.0m (up 114% from 1H 2021). Profit margin: 6.3% (up from 3.0% in 1H 2021). Over the next year, revenue is forecast to grow 3.6%, compared to a 9.3% growth forecast for the Telecom industry in Australia.お知らせ • Aug 19TPG Telecom Limited Declares Fully Franked Interim Dividend for the Fiscal Year 2022, Payable on October 12, 2022On August 18, 2022, the board of directors of TPG Telecom Limited has declared a fully franked interim fiscal year 2022 dividend of 9.0 cents per share. As the interim dividend was not declared or resolved to be paid by the board as at June 30, 2022, the dividend has not been provided for in the consolidated statement of financial position. The interim fiscal year 2022 dividend has a ex date of September 13, 2022, record date of September 14, 2022 and will be paid on October 12, 2022.お知らせ • Jul 30OMERS Infrastructure Management Inc. acquired Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG).OMERS Infrastructure Management Inc. agreed to acquire Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 950 million on May 9, 2022. The Transaction includes a master services agreement with a 20-year term and an option for TPG Telecom to extend. TPG Telecom anticipates the transaction to deliver net cash proceeds of approximately AUD 890 million which will be used to pay off existing bank debt. The Transaction is subject to customary conditions precedent including Foreign Investment Review Board approval and, subject to the satisfaction of those conditions, is expected to close in the third quarter of 2022. RBC Capital Markets acted as financial advisor for OMERS Infrastructure Management Inc. BofA Securities, Inc. acted as sole financial advisor to TPG Telecom Limited. OMERS Infrastructure Management Inc. acquired Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG) on July 29, 2022.お知らせ • Jul 16TPG Telecom American Depositary Receipts - Unsponsored (Australia) to Be Deleted from Other OTCTPG Telecom Limited American Depositary Receipts - Unsponsored (Australia) will be deleted from Other OTC effective July 15, 2022. The deletion is due to ADR /GDR Program Terminated.お知らせ • May 10OMERS Infrastructure Management Inc. agreed to acquire Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 950 million.OMERS Infrastructure Management Inc. agreed to acquire Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 950 million on May 9, 2022. The Transaction includes a master services agreement with a 20-year term and an option for TPG Telecom to extend. TPG Telecom anticipates the transaction to deliver net cash proceeds of approximately AUD 890 million which will be used to pay off existing bank debt. The Transaction is subject to customary conditions precedent including Foreign Investment Review Board approval and, subject to the satisfaction of those conditions, is expected to close in the third quarter of 2022. RBC Capital Markets acted as financial advisor for OMERS Infrastructure Management Inc.お知らせ • May 09OMERS Infrastructure Management Inc. agreed to acquire 100% of Mobile Tower and Rooftop Infrastructure from OMERS Infrastructure Management Inc for AUD 950 million.OMERS Infrastructure Management Inc. agreed to acquire 100% of Mobile Tower and Rooftop Infrastructure from OMERS Infrastructure Management Inc for AUD 950 million on May 9, 2022. The Transaction is subject to Foreign Investment Review Board approval and, subject to the satisfaction of those conditions, is expected to close in the third quarter of FY22.Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 8 non-independent directors. Senior Independent Director Helen Nugent was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Upcoming Dividend • Mar 08Upcoming dividend of AU$0.085 per shareEligible shareholders must have bought the stock before 15 March 2022. Payment date: 13 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.1%. Lower than top quartile of Australian dividend payers (5.8%). Lower than average of industry peers (4.8%).Major Estimate Revision • Mar 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from AU$0.13 to AU$0.10 per share. Revenue forecast steady at AU$5.42b. Net income forecast to grow 63% next year vs 51% growth forecast for Telecom industry in Australia. Consensus price target down from AU$7.22 to AU$6.99. Share price was steady at AU$5.83 over the past week.お知らせ • Feb 24TPG Telecom Limited Declares a Fully Franked Dividend for the Six Months Ended December 31, 2021, Payable on 13 April 2022TPG Telecom Limited declared a fully franked dividend of AUD 0.08500000 per share for the six months ended December 31, 2021. The dividend has a record date of 16 March 2022 and will be paid on 13 April 2022.Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: AU$0.06 (down from AU$0.64 in FY 2020). Revenue: AU$5.34b (up 23% from FY 2020). Net income: AU$110.0m (down 85% from FY 2020). Profit margin: 2.1% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Over the next year, revenue is forecast to stay flat compared to a 7.9% growth forecast for the industry in Australia.業績と収益の成長予測ASX:TPG - アナリストの将来予測と過去の財務データ ( )AUD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20285,4432097301,5541112/31/20275,3031298071,4921212/31/20265,158586641,4281212/31/20255,051521,5262,417N/A6/30/20255,577-828971,915N/A3/31/20255,553-948271,921N/A12/31/20244,907-1407561,926N/A9/30/20245,080-666731,848N/A6/30/20245,25285901,769N/A3/31/20245,411294791,646N/A12/31/20235,569493681,522N/A9/30/20235,5502223141,480N/A6/30/20235,5313942601,437N/A3/31/20235,4914542601,344N/A12/31/20225,4515132591,251N/A9/30/20225,3713584401,419N/A6/30/20225,2912026201,587N/A3/31/20225,2921586631,605N/A12/31/20215,2921137051,622N/A9/30/20215,3694256791,528N/A6/30/20215,4457366531,433N/A3/31/20214,8987395131,311N/A12/31/20204,3517413721,188N/A9/30/20203,8443494401,200N/A6/30/20203,336-445081,212N/A3/31/20203,425-1625931,254N/A12/31/20193,513-2806781,296N/A9/30/20193,539-233N/AN/AN/A6/30/20193,564-185N/AN/AN/A3/31/20193,587-155N/AN/AN/A12/31/20183,610-124N/A1,125N/A9/30/20183,586-157N/AN/AN/A7/31/20182,495397N/A674N/A6/30/20183,569-189N/AN/AN/A3/31/20183,510-183N/AN/AN/A12/31/20173,445-178N/A1,099N/A9/30/20173,413-169N/AN/AN/A7/31/20172,491414N/A723N/A6/30/20173,382-159N/AN/AN/A3/31/20173,358-201N/AN/AN/A12/31/20163,334-242N/A1,040N/A9/30/20163,403-288N/AN/AN/A6/30/20163,477-335N/AN/AN/A3/31/20163,563-383N/AN/AN/A12/31/20153,645-430N/A829N/A9/30/20153,592-558N/AN/AN/A6/30/20153,539-685N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: TPGの予測収益成長率 (年間32.9% ) は 貯蓄率 ( 3.6% ) を上回っています。収益対市場: TPGの収益 ( 32.9% ) はAustralian市場 ( 12% ) よりも速いペースで成長すると予測されています。高成長収益: TPGの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: TPGの収益 ( 2.9% ) Australian市場 ( 6.4% ) よりも低い成長が予測されています。高い収益成長: TPGの収益 ( 2.9% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: TPGの 自己資本利益率 は、3年後には低くなると予測されています ( 2.7 %)。成長企業の発掘7D1Y7D1Y7D1YTelecom 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/08 08:58終値2026/05/08 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋TPG Telecom Limited 12 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。17 アナリスト機関Eric ChoiBarrenjoey Markets Pty LimitedWare KuoBofA Global ResearchNicholas BasileCLSA14 その他のアナリストを表示
Price Target Changed • Nov 19Price target decreased by 9.2% to AU$5.00Down from AU$5.50, the current price target is an average from 13 analysts. New target price is 34% above last closing price of AU$3.73. Stock is down 16% over the past year. The company is forecast to post earnings per share of AU$0.015 next year compared to a net loss per share of AU$0.058 last year.
Major Estimate Revision • Jan 30Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.048 to AU$0.042 per share. Revenue forecast steady at AU$5.55b. Net income forecast to grow 190% next year vs 29% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$5.09. Share price rose 3.3% to AU$4.37 over the past week.
Major Estimate Revision • Sep 14Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.041 to AU$0.045. Revenue forecast steady at AU$5.56b. Net income forecast to grow 207% next year vs 37% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$5.24. Share price was steady at AU$4.93 over the past week.
Major Estimate Revision • May 21Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.087 to AU$0.078 per share. Revenue forecast steady at AU$5.63b. Net income forecast to shrink 72% next year vs 42% growth forecast for Telecom industry in Australia . Consensus price target down from AU$6.00 to AU$5.84. Share price was steady at AU$5.54 over the past week.
Major Estimate Revision • Apr 23Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from AU$0.078 to AU$0.087. Revenue forecast steady at AU$5.63b. Net income forecast to shrink 68% next year vs 42% growth forecast for Telecom industry in Australia . Consensus price target of AU$6.00 unchanged from last update. Share price was steady at AU$5.27 over the past week.
Major Estimate Revision • Mar 05Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.10 to AU$0.084 per share. Revenue forecast steady at AU$5.61b. Net income forecast to shrink 70% next year vs 29% growth forecast for Telecom industry in Australia . Consensus price target broadly unchanged at AU$6.11. Share price rose 4.9% to AU$4.95 over the past week.
ナラティブ更新 • Apr 30TPG: Fair Outlook Will Depend On Lower Discount Rate And P/E AssumptionsAnalysts have modestly lifted their price target on TPG Telecom to A$4.16 from A$4.13, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E as the key drivers of the change. Valuation Changes Fair Value: A$4.13 to A$4.16, a slight uplift in the assessed valuation range.
ナラティブ更新 • Apr 15TPG: Fair Outlook Will Rely On Refined Discount Rate And P/E AssumptionsAnalysts have nudged their price target for TPG Telecom higher to A$4.13. This is a small refinement that reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E, rather than a major shift in outlook.
ナラティブ更新 • Mar 31TPG: Stable Outlook Will Rely On Slightly Softer Discount Rate AssumptionsAnalysts have nudged their price target for TPG Telecom slightly higher to A$4.13 from A$4.11, reflecting small adjustments to fair value, discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. Valuation Changes Fair Value: A$4.11 to A$4.13, a small upward adjustment to the estimated share valuation.
ナラティブ更新 • Mar 17TPG: Stable Fair Value And Refined Assumptions Will Guide Future ReturnsAnalysts have maintained the TPG Telecom price target at A$4.11, making only minor adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E assumptions. This reflects a largely unchanged view of the stock's key valuation drivers.
ナラティブ更新 • Mar 03TPG: Equity Raising And Higher P/E Assumptions Will Shape Future ReturnsAnalysts have reduced their price target for TPG Telecom from A$4.28 to A$4.11. This reflects updated views on revenue growth, profit margins and a higher future P/E assumption, supported by a slightly lower discount rate.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: AU$0.028 (vs AU$0.058 loss in FY 2024)Full year 2025 results: EPS: AU$0.028 (up from AU$0.058 loss in FY 2024). Revenue: AU$5.05b (down 8.6% from FY 2024). Net income: AU$52.0m (up AU$159.0m from FY 2024). Profit margin: 1.0% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 27Tpg Telecom Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2025, Payable on April 2, 2026TPG Telecom Limited announced ordinary dividend of AUD 0.09000000 for the six months ended December 31, 2025. Record date is March 6, 2026. Ex-date is March 5, 2026. The dividend will be payable on April 2, 2026.
ナラティブ更新 • Feb 16TPG: Recent Equity Raisings Will Support Higher Future Share ReturnsAnalysts have nudged their price target for TPG Telecom slightly higher to A$4.28 from A$4.26. This reflects updated assumptions around discount rates, modest revenue contraction, profit margins and a higher future P/E multiple.
ナラティブ更新 • Feb 02TPG: Equity Raisings And Special Dividend Will Support Balanced Future ReturnsAnalysts have trimmed their price target for TPG Telecom to A$4.26 from A$4.51, citing slightly lower fair value estimates along with modestly softer assumptions for long term revenue growth, profit margins and future P/E multiples. What's in the News TPG Telecom completed a follow on equity offering totaling A$73.42 million through a rights issue of 20,585,238 ordinary shares at A$3.566623 per share (company filing).
ナラティブ更新 • Jan 19TPG: Upcoming Capital Raises And Special Dividend Will Support Future UpsideAnalysts have reduced their price target on TPG Telecom from A$4.75 to A$4.51, citing slightly softer assumptions on profit margins, revenue trends and future P/E multiples as the main reasons for the change. What's in the News TPG Telecom completed a follow on equity offering of A$73.4 million through a rights issue of 20,585,238 ordinary shares at A$3.57 per share, described as a Rights Offering (company event filing).
ナラティブ更新 • Jan 05TPG: Upcoming Equity Offers And Special Dividend Will Support Future UpsideAnalysts have raised their fair value estimate for TPG Telecom from A$4.64 to A$4.75 per share. The change reflects updated discount rate assumptions, expectations for slightly softer revenue contraction, and minor adjustments to profit margin and forward P/E inputs.
お知らせ • Dec 24+ 1 more updateTPG Telecom Limited to Report Fiscal Year 2025 Results on Feb 27, 2026TPG Telecom Limited announced that they will report fiscal year 2025 results on Feb 27, 2026
ナラティブ更新 • Dec 19TPG: Upcoming Capital Returns Will Drive Attractive Upside For ShareholdersAnalysts have trimmed their price target for TPG Telecom to approximately $4.64 from about $5.00. This reflects a slightly higher perceived risk, offset by modestly improved long term profit margin expectations and a lower projected future P/E multiple.
お知らせ • Dec 15TPG Telecom Limited, Annual General Meeting, May 08, 2026TPG Telecom Limited, Annual General Meeting, May 08, 2026.
ナラティブ更新 • Dec 05TPG: Upcoming Capital Return Will Support Future Shareholder Upside PotentialAnalysts have trimmed their price target on TPG Telecom slightly to approximately $5.00 per share, citing marginally higher discount rate assumptions, along with largely unchanged expectations for revenue growth, profit margins, and future valuation multiples. What's in the News TPG Telecom has completed a follow-on equity offering of approximately AUD 300 million via a subsequent direct listing of 83.1 million ordinary shares at AUD 3.61 per share (company filing).
ナラティブ更新 • Nov 21TPG: Equity Offerings And Special Dividend Will Drive Future Shareholder ReturnsAnalysts have revised TPG Telecom’s fair value estimate downward by $0.50 per share to $5.00, citing a modest contraction in profit margin expectations and a higher discount rate that is impacting future projections. What's in the News TPG Telecom has completed a follow-on equity offering worth AUD 300 million, issuing 83,102,493 ordinary shares at AUD 3.61 (Key Developments).
Price Target Changed • Nov 19Price target decreased by 9.2% to AU$5.00Down from AU$5.50, the current price target is an average from 13 analysts. New target price is 34% above last closing price of AU$3.73. Stock is down 16% over the past year. The company is forecast to post earnings per share of AU$0.015 next year compared to a net loss per share of AU$0.058 last year.
お知らせ • Nov 19TPG Telecom Limited has completed a Follow-on Equity Offering in the amount of AUD 300 million.TPG Telecom Limited has completed a Follow-on Equity Offering in the amount of AUD 300 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 83,102,493 Price\Range: AUD 3.61 Transaction Features: Subsequent Direct Listing
お知らせ • Nov 18TPG Telecom Limited has filed a Follow-on Equity Offering in the amount of AUD 550.000001 million.TPG Telecom Limited has filed a Follow-on Equity Offering in the amount of AUD 550.000001 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 152,354,571 Price\Range: AUD 3.61 Transaction Features: Subsequent Direct Listing
Upcoming Dividend • Nov 07Upcoming dividend of AU$1.61 per shareEligible shareholders must have bought the stock before 14 November 2025. Payment date: 24 November 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Australian dividend payers (5.6%). Lower than average of industry peers (4.2%).
分析記事 • Oct 08Some Shareholders Feeling Restless Over TPG Telecom Limited's (ASX:TPG) P/S RatioWhen you see that almost half of the companies in the Telecom industry in Australia have price-to-sales ratios (or...
Declared Dividend • Aug 30First half dividend of AU$0.09 announcedDividend of AU$0.09 is the same as last year. Ex-date: 4th September 2025 Payment date: 3rd October 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (37% cash payout ratio). The dividend has increased by an average of 19% per year over the past 5 years and payments have been stable during that time.
Reported Earnings • Aug 29First half 2025 earnings released: EPS: AU$0.017 (vs AU$0.004 in 1H 2024)First half 2025 results: EPS: AU$0.017 (up from AU$0.004 in 1H 2024). Revenue: AU$2.45b (up 2.0% from 1H 2024). Net income: AU$32.0m (up 357% from 1H 2024). Profit margin: 1.3% (up from 0.3% in 1H 2024). Revenue is forecast to stay flat during the next 3 years compared to a 3.3% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance.
お知らせ • Aug 18TPG Telecom Limited Appoints John Otty as Non-Executive Director, Effective 18 August 2025TPG Telecom Limited announced a change to the directors of the Company. The Board of the Company has appointed John Otty as a non-executive director to replace Serpil Timuray as a nominated director of Vodafone Group Plc, which holds 25.05% of the shares in the Company. Mr. Otty's appointment will be effective on 18 August 2025 and fills the casual vacancy arising from Ms Timuray's resignation in July. Mr. Otty will stand for election at TPG's Annual General Meeting in May 2026. Mr. Otty has served as a non-executive director of various companies for over 15 years and served as a director of the Company between 2009 - 2010 and 2012 - 2018 when it was named Vodafone Hutchison Australia and before the merger with TPG. Mr. Otty currently holds directorships with Vodacom Group Ltd. (listed in Johannesburg), Vodafone Ziggo Group BV (Netherlands) and Vodafone Procurement Company SARL (Luxembourg). Previously he was the Vodafone Group Financial Controller. Mr. Otty joined Vodafone in December 1992 and held a number of senior executive positions including Group Technology Financial Director, interim Chief Financial Officer of Vodafone India, Vodafone Plc Group Internal Audit Director and Chief Financial Officer for Africa, Middle East and Asia Pacific region. Mr. Otty holds a degree in Electronic Engineering (Cambridge University) and is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA).
お知らせ • Jul 31Vocus Group Limited completed the acquisition of Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG).Vocus Group Limited agreed to acquire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) for AUD 6.3 billion on August 1, 2023. The indicative offer is conditional upon a number of matters, including due diligence, debt financing, finalization of transaction documentation, and approvals of the respective Boards of TPG and Vocus Group. As of October 14, 2024, Vocus Group Limited entered into a binding Share Purchase Agreement to acquire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 5.1 billion. This includes a potential AUD 250 million Contingent Value Payment, subject to the meeting of certain subscriber targets for the Vision Network wholesale residential fixed access business between two and four years after completion. TPG intends to use these proceeds to support future capital management and business investment initiatives. The transaction will see TPG offload nearly 27,000 kilometres of fibre, 15,000 kilometres of international submarine cables and its enterprise, government and wholesale fixed business units to Vocus, which is partly owned by Aware Super and Macquarie Asset Management. TPG will retain its mobile network infrastructure and its consumer business unit under the deal, which follows a similar failed AUD 6.3 billion agreement with Vocus that was shelved this time last year. As part of the agreement, 560 TPG employees will shift to Vocus, and TPG will buy fixed network services from Vocus for an annual fee of AUD 130 million. The parties are targeting completion of the Transaction in the second half of 2025 subject to satisfaction of conditions precedent, including regulatory approvals. TPG intends to use these proceeds to support future capital management and business investment initiatives. As of November 18, 2024, The Australian Competition and Consumer Commission declared that the submissions are invited from interested parties regarding the Proposed Acquisition by 5pm on December 2, 2024. TPG Telecom has extended the exclusive due diligence period with Vocus Group until October 4, 2023. As on October 4, 2023, exclusive due diligence period granted to Vocus Group in relation to acquisition has expired. Discussions in relation to the commercial terms remain ongoing. As on 4 August 2024, stating that TPG is in discussions with Vocus Group in relation to the possible sale of its fibre network. At the TPG Annual General Meeting on 3 May 2024, TPG confirmed previous statements that it would continue assessing value-optimizing alternatives for its fixed infrastructure assets as part of a strategic review. Vocus Group and TPG have engaged in non-exclusive discussions as part of that strategic review process. As of March 20, 2025, The Australian Competition and Consumer Commission declared that it will not oppose acquisition. As of July 7, 2025, the deal has been approved by Foreign Investment Review Board. Macquarie Australia Capital Limited and BofA acted as the financial advisor to TPG, Allens acted as legal advisor to TPG Telecom Limited (ASX:TPG). Vocus Group Limited completed the acquisition of Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) on July 31, 2025. TPG Telecom Limited completed the sale of its fibre network infrastructure assets and Enterprise, Government and Wholesale fixed business to Vocus Group Limited, for an enterprise value of AUD 5.25 billion.
Buy Or Sell Opportunity • Jul 04Now 20% undervaluedOver the last 90 days, the stock has risen 13% to AU$5.35. The fair value is estimated to be AU$6.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
分析記事 • Jun 25Is TPG Telecom (ASX:TPG) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Declared Dividend • Mar 03Final dividend of AU$0.09 announcedDividend of AU$0.09 is the same as last year. Ex-date: 6th March 2025 Payment date: 4th April 2025 Dividend yield will be 4.0%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (44% cash payout ratio). The dividend has increased by an average of 24% per year over the past 4 years and payments have been stable during that time.
お知らせ • Mar 02TPG Telecom Limited Declares Ordinary Fully Paid Dividend for the Period of Six Months Ended December 31, 2024, Payable on April 4, 2025TPG Telecom Limited declared an ordinary fully paid dividend of AUD 0.09000000 for a period of six months ended December 31, 2024. The Ex Date is March 6, 2025, the Record Date is March 7, 2025, and the Payment Date is April 4, 2025.
Reported Earnings • Feb 28Full year 2024 earnings releasedFull year 2024 results: Revenue: AU$5.53b (flat on FY 2023). Net loss: AU$107.0m (down 318% from profit in FY 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Australia.
お知らせ • Feb 14TPG Telecom Limited, Annual General Meeting, May 07, 2025TPG Telecom Limited, Annual General Meeting, May 07, 2025.
新しいナラティブ • Feb 095G Investments And Optus Agreement Will Expand Market Coverage And Reduce Costs TPG Telecom's focus on cost efficiency and business simplification is expected to slow OpEx growth and improve net margins.
Major Estimate Revision • Jan 30Consensus EPS estimates fall by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from AU$0.048 to AU$0.042 per share. Revenue forecast steady at AU$5.55b. Net income forecast to grow 190% next year vs 29% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$5.09. Share price rose 3.3% to AU$4.37 over the past week.
お知らせ • Jan 20+ 1 more updateTPG Telecom Limited to Report First Half, 2025 Results on Aug 28, 2025TPG Telecom Limited announced that they will report first half, 2025 results on Aug 28, 2025
お知らせ • Oct 21TPG Telecom Limited Announces Board ChangesTPG Telecom Limited announced the appointment of Paula Jane Dwyer as independent non-executive director, date of appointment is October 21, 2024. Ms. Dwyer will become Chairman of TPG Telecom's Audit and Risk Committee, and a member of its Governance and Remuneration Committee, as well as the Nomination Committee. Ms. Dwyer has had a distinguished career as a Non-Executive Director. She is currently Chairman of Allianz Australia and a Non-Executive Director of AMCIL, Lion and Dexus. She has previously been Chairman of Healthscope and Tabcorp and a Non-Executive Director of ANZ Banking Group and Suncorp, among other roles. A chartered accountant by training, Ms. Dwyer has chaired multiple Audit and/or Risk Committees, including for Lion, ANZ Banking Group and Suncorp. Ms. Arlene Tansey will retire from her directorship effective 21 October 2024 following four years of service to TPG Telecom and its stakeholders. TPG Telecom Chairman, Canning Fok, welcomed Ms. Dwyer to the Board and thanked Ms. Tansey for her contribution to the Company.
お知らせ • Oct 18TPG Telecom Limited Appoints Rebecca Darley as Chief Marketing Officer, Effective 16 December, 2024TPG Telecom has appointed Rebecca Darley to a role of group chief marketing officer, starting on 16 December. Darley was most recently chief marketing officer at property company Domain Group where she was also managing director of its consumer division. At TPG, Darley will lead marketing across all of TPG's brands including Vodafone, TPG, felix, iiNet and Lebara.
お知らせ • Oct 14Vocus Group Limited entered into binding Share Purchase Agreement to acquire Fibre network assets and EGW business of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 5.2 billion.Vocus Group Limited entered into binding Share Purchase Agreement to acquire Fibre network assets and EGW business of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 5.2 billion on October 13, 2024. The consideration will be paid at an enterprise value of AUD 5,210, including a potential AUD 250 million Contingent Value Payment. TPG intends to use these proceeds to support future capital management and business investment initiatives. The transaction will see TPG offload nearly 27,000 kilometres of fibre, 15,000 kilometres of international submarine cables and its enterprise, government and wholesale fixed business units to Vocus, which is partly owned by Aware Super and Macquarie Asset Management. TPG will retain its mobile network infrastructure and its consumer business unit under the deal, which follows a similar failed $6.3 billion agreement with Vocus that was shelved this time last year. As part of the agreement, 560 TPG employees will shift to Vocus, and TPG will buy fixed network services from Vocus for an annual fee of AUD 130 million. The acquisition is subject to customary conditions precedent for a transaction of this kind including applicable regulatory approvals, including from FIRB and the ACCC and is expected to close in the second half of 2025.
Major Estimate Revision • Sep 14Consensus EPS estimates increase by 12%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from AU$0.041 to AU$0.045. Revenue forecast steady at AU$5.56b. Net income forecast to grow 207% next year vs 37% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$5.24. Share price was steady at AU$4.93 over the past week.
Declared Dividend • Sep 02First half dividend of AU$0.09 announcedDividend of AU$0.09 is the same as last year. Ex-date: 12th September 2024 Payment date: 11th October 2024 Dividend yield will be 3.6%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 11x earnings). However, it is covered by cash flows (57% cash payout ratio). The dividend has increased by an average of 24% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,137% to bring the payout ratio under control. EPS is expected to grow by 159% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Aug 31First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst half 2024 results: EPS: AU$0.016 (down from AU$0.026 in 1H 2023). Revenue: AU$2.72b (flat on 1H 2023). Net income: AU$29.0m (down 40% from 1H 2023). Profit margin: 1.1% (down from 1.8% in 1H 2023). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 06Vocus Eyes TPG Fibre NetworksTPG Telecom Almost a year to the day after speculation about Vocus Group aiming to snap up TPG Telecom Limited (ASX:TPG)'s fibre network was floated, the latter has confirmed talks are once again under way. And once again the message to shareholders is that there is no certainty any deal will go through, with TPG drawing attention to last year's failed talks. On August 1 last year TPG confirmed to the ASX that it was talking to Macquarie-backed Vocus about the potential sale of its non-mobile fibre assets, with a price tag of $6.3 billion later revealed as the bid price. During that process TPG Telecom warned repeatedly that ‘the nature of the transaction involves considerable complexity which needs time to work through and there remains no certainty an agreed transaction will eventuate’. In mid-November the talks were discontinued with TPG saying they were ‘unable to reach alignment on the operating model and commercial terms for TPG to have sufficient confidence that a successful transaction can be agreed and executed’. TPG Managing Director Inaki Berroeta told the company's annual meeting in May that a strategic review into the fibre assets was ongoing. ‘These assets include our Vision Network wholesale business and the extensive fibre networks we own and operate around the nation - the value of which is not fully reflected in TPG Telecom's share price,’ he said. ‘Following our decision to cease discussions with Vocus last November, we are continuing to explore value-optimising options around these assets and will update the market as we fully explore this opportunity.’ TPG said on August 5, 2024 that Mr. Berroeta's statements at the annual meeting remained accurate. ‘Vocus Group and TPG have engaged in non-exclusive discussions as part of that strategic review process. ‘Securityholders should be aware that TPG's discussion with Vocus Group in 2023 did not lead to a transaction and there is no certainty a transaction will eventuate from the current discussions. ‘TPG will keep the market updated in accordance with its continuous disclosure obligations’.
Upcoming Dividend • Mar 07Upcoming dividend of AU$0.09 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 12 April 2024. The company is paying out more than 100% of its profits and is paying out 91% of its cash flow. Trailing yield: 3.9%. Lower than top quartile of Australian dividend payers (6.3%). Lower than average of industry peers (5.0%).
Declared Dividend • Feb 28Final dividend of AU$0.09 announcedDividend of AU$0.09 is the same as last year. Ex-date: 14th March 2024 Payment date: 12th April 2024 Dividend yield will be 3.8%, which is lower than the industry average of 4.7%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 34% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 658% to bring the payout ratio under control. EPS is expected to grow by 130% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
Reported Earnings • Feb 26Full year 2023 earnings: Revenues in line with analyst expectationsFull year 2023 results: Revenue: AU$5.57b (up 2.8% from FY 2022). Net income: AU$49.0m (down 90% from FY 2022). Profit margin: 0.9% (down from 9.5% in FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Telecom industry in Australia.
お知らせ • Feb 02TPG Telecom Reportedly Prepares Fresh Push for Mobile Asset SalesTPG Telecom Limited (ASX:TPG) is believed to be preparing to bring its non-fibre mobile assets back to market in the months ahead. Sources say TPG Telecom has a large team examining the company's capital costs and possible funding options. The thinking is a second sale attempt is being planned with improving market conditions in the not-too-distant future. TPG halted talks with Macquarie-backed rival telco Vocus Group Limited in November over a sale and leaseback of its non-fibre mobile assets in a deal expected to be worth about $6.3 billion. That deal came after a strategic review was taking place that included a sale process for its Vision Network business, which connects homes to the internet. Vocus was originally weighing an acquisition of Vision, but then became more keen on a broader deal. The transaction stalled after both groups could not agree on operational and commercial terms. Aiding any sale process will be improving conditions in the US debt markets. Vocus made an unsolicited bid for TPG's "mini NBN" fixed infrastructure assets - including Vision Network, which services about 400,000 customers. But once the pair engaged in talks, the deal increased dramatically in scale to include TPG's broadband assets, which would have effectively doubled Vocus's market share in the business and government space, rivalling beleaguered Optus. Separating out assets in a telecoms company is a tricky exercise as Telstra knows only too well with its infrastructure unit it created called Telstra InfraCo. That took about two years. Part of the Vocus negotiations would involve long-term supply contracts. The question is whether Vocus comes back and takes a second look at the offering, or whether pension funds line up. A private equity firm like Kohlberg Kravis Roberts may also take a look. At the time that the deal stalled, TPG had said it had received strong interest in its fixed infrastructure assets.
お知らせ • Jan 11+ 2 more updatesTPG Telecom Limited to Report Q2, 2024 Results on Aug 23, 2024TPG Telecom Limited announced that they will report Q2, 2024 results on Aug 23, 2024
Upcoming Dividend • Sep 05Upcoming dividend of AU$0.09 per share at 3.2% yieldEligible shareholders must have bought the stock before 12 September 2023. Payment date: 11 October 2023. Payout ratio is on the higher end at 85%, and the cash payout ratio is above 100%. Trailing yield: 3.2%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (5.1%).
Reported Earnings • Aug 25First half 2023 earnings released: EPS: AU$0.026 (vs AU$0.09 in 1H 2022)First half 2023 results: EPS: AU$0.026 (down from AU$0.09 in 1H 2022). Revenue: AU$2.72b (up 3.0% from 1H 2022). Net income: AU$48.0m (down 71% from 1H 2022). Profit margin: 1.8% (down from 6.3% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Telecom industry in Australia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 24TPG Telecom Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on October 11, 2023TPG Telecom Limited announced ordinary dividend of AUD 0.09000000 per share for the six months ended June 30, 2023. Dividend payable on October 11, 2023, record date of September 13, 2023 and ex-date of September 12, 2023.
お知らせ • Aug 08TPG Telecom Limited Announces Chief Financial Officer ChangesTPG Telecom Limited announced appoints Boniciolli as CFO, Dempsey resigns. TPG Telecom has announced that Grant Dempsey has resigned from his role of group CFO. Dempsey has decided to retire from full-time employment to spend more time with his family. Dempsey will remain in the role of Group CFO until 13 November, and continue with the company in an advisory capacity to ensure a full handover until early to mid 2024.
お知らせ • Aug 02Vocus Group Limited agreed to acqiuire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) for AUD6.3 billion.Vocus Group Limited agreed to acqiuire Non-Mobile Fibre Assets of TPG from TPG Telecom Limited (ASX:TPG) for AUD6.3 billion on August 1, 2023. The indicative offer is conditional upon a number of matters, including due diligence, debt financing, finalisation of transaction documentation, and approvals of the respective Boards of TPG and Vocus Group.
Major Estimate Revision • May 21Consensus EPS estimates fall by 10%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.087 to AU$0.078 per share. Revenue forecast steady at AU$5.63b. Net income forecast to shrink 72% next year vs 42% growth forecast for Telecom industry in Australia . Consensus price target down from AU$6.00 to AU$5.84. Share price was steady at AU$5.54 over the past week.
Major Estimate Revision • Apr 23Consensus EPS estimates increase by 11%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from AU$0.078 to AU$0.087. Revenue forecast steady at AU$5.63b. Net income forecast to shrink 68% next year vs 42% growth forecast for Telecom industry in Australia . Consensus price target of AU$6.00 unchanged from last update. Share price was steady at AU$5.27 over the past week.
Upcoming Dividend • Mar 08Upcoming dividend of AU$0.09 per share at 3.6% yieldEligible shareholders must have bought the stock before 15 March 2023. Payment date: 13 April 2023. Payout ratio is a comfortable 65% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Australian dividend payers (7.0%). Lower than average of industry peers (4.8%).
Major Estimate Revision • Mar 05Consensus EPS estimates fall by 15%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from AU$0.10 to AU$0.084 per share. Revenue forecast steady at AU$5.61b. Net income forecast to shrink 70% next year vs 29% growth forecast for Telecom industry in Australia . Consensus price target broadly unchanged at AU$6.11. Share price rose 4.9% to AU$4.95 over the past week.
Reported Earnings • Feb 27Full year 2022 earnings released: EPS: AU$0.28 (vs AU$0.059 in FY 2021)Full year 2022 results: EPS: AU$0.28 (up from AU$0.059 in FY 2021). Revenue: AU$5.85b (up 9.9% from FY 2021). Net income: AU$513.0m (up 366% from FY 2021). Profit margin: 8.8% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Telecom industry in Australia.
お知らせ • Feb 13+ 1 more updateTPG Telecom Limited to Report Fiscal Year 2022 Results on Feb 27, 2023TPG Telecom Limited announced that they will report fiscal year 2022 results on Feb 27, 2023
Major Estimate Revision • Jan 31Consensus EPS estimates increase by 16%The consensus outlook for fiscal year 2022 has been updated. 2022 EPS estimate increased from AU$0.125 to AU$0.145. Revenue forecast steady at AU$5.34b. Net income forecast to grow 3.2% next year vs 26% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$6.26. Share price fell 3.9% to AU$4.94 over the past week.
Major Estimate Revision • Dec 23Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate increased from AU$0.11 to AU$0.12. Revenue forecast steady at AU$5.35b. Net income forecast to grow 3.4% next year vs 29% growth forecast for Telecom industry in Australia. Consensus price target broadly unchanged at AU$6.36. Share price was steady at AU$4.80 over the past week.
お知らせ • Nov 22Suitors Reportedly Running an Eye over Vision NetworksFlyer documents may be now out in the market for Vision Networks business of TPG Telecom Limited (ASX:TPG), but the sale process is not getting started until 2023. Buyers are already weighing up the pros and cons of buying the company, with the assessment so far is it is likely to fetch about $1 billion. Sources said one area of focus when they gain due diligence will be the age of the assets and the need for upgrades. The business consists of the assets from the former telco provider Neighbourhood Cable based in regional Victoria and the TransACT network based in Canberra, which have been described as "quite old assets". The parties to beat in the contest are Uniti owners Brookfield and Morrison & Co. TPG in October 2022 announced it had hired Bank of America for a strategic review of the division that connects internet to homes in new developments. Canadian pension fund OMERS Administration Corp. could also be a buyer, given that it has a relationship with TPG Telecom after buying its telecoms tower portfolio that is now leased back to TPG.
Board Change • Nov 16Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 8 non-independent directors. Senior Independent Director Helen Nugent was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Recent Insider Transactions • Oct 06Senior Independent Director recently bought AU$80k worth of stockOn the 27th of September, Helen Nugent bought around 17k shares on-market at roughly AU$4.72 per share. This transaction increased Helen's direct individual holding by 2x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth AU$561k. Despite this recent purchase, insiders have collectively sold AU$342m more in shares than they bought in the last 12 months.
Upcoming Dividend • Sep 06Upcoming dividend of AU$0.09 per shareEligible shareholders must have bought the stock before 13 September 2022. Payment date: 12 October 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Lower than top quartile of Australian dividend payers (6.5%). Lower than average of industry peers (5.0%).
Recent Insider Transactions • Aug 27Non-Executive Director recently bought AU$561k worth of stockOn the 25th of August, Robert Millner bought around 100k shares on-market at roughly AU$5.61 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold AU$342m more in shares than they bought in the last 12 months.
Valuation Update With 7 Day Price Move • Aug 25Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to AU$5.41, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 40x in the Telecom industry in Australia. Total loss to shareholders of 10% over the past year.
Price Target Changed • Aug 24Price target decreased to AU$6.60Down from AU$7.15, the current price target is an average from 13 analysts. New target price is 18% above last closing price of AU$5.60. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of AU$0.11 for next year compared to AU$0.059 last year.
Reported Earnings • Aug 20First half 2022 earnings released: EPS: AU$0.09 (vs AU$0.042 in 1H 2021)First half 2022 results: EPS: AU$0.09 (up from AU$0.042 in 1H 2021). Revenue: AU$2.64b (flat on 1H 2021). Net income: AU$167.0m (up 114% from 1H 2021). Profit margin: 6.3% (up from 3.0% in 1H 2021). Over the next year, revenue is forecast to grow 3.6%, compared to a 9.3% growth forecast for the Telecom industry in Australia.
お知らせ • Aug 19TPG Telecom Limited Declares Fully Franked Interim Dividend for the Fiscal Year 2022, Payable on October 12, 2022On August 18, 2022, the board of directors of TPG Telecom Limited has declared a fully franked interim fiscal year 2022 dividend of 9.0 cents per share. As the interim dividend was not declared or resolved to be paid by the board as at June 30, 2022, the dividend has not been provided for in the consolidated statement of financial position. The interim fiscal year 2022 dividend has a ex date of September 13, 2022, record date of September 14, 2022 and will be paid on October 12, 2022.
お知らせ • Jul 30OMERS Infrastructure Management Inc. acquired Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG).OMERS Infrastructure Management Inc. agreed to acquire Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 950 million on May 9, 2022. The Transaction includes a master services agreement with a 20-year term and an option for TPG Telecom to extend. TPG Telecom anticipates the transaction to deliver net cash proceeds of approximately AUD 890 million which will be used to pay off existing bank debt. The Transaction is subject to customary conditions precedent including Foreign Investment Review Board approval and, subject to the satisfaction of those conditions, is expected to close in the third quarter of 2022. RBC Capital Markets acted as financial advisor for OMERS Infrastructure Management Inc. BofA Securities, Inc. acted as sole financial advisor to TPG Telecom Limited. OMERS Infrastructure Management Inc. acquired Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG) on July 29, 2022.
お知らせ • Jul 16TPG Telecom American Depositary Receipts - Unsponsored (Australia) to Be Deleted from Other OTCTPG Telecom Limited American Depositary Receipts - Unsponsored (Australia) will be deleted from Other OTC effective July 15, 2022. The deletion is due to ADR /GDR Program Terminated.
お知らせ • May 10OMERS Infrastructure Management Inc. agreed to acquire Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 950 million.OMERS Infrastructure Management Inc. agreed to acquire Portfolio of Mobile Tower and Rooftop Infrastructure of TPG Telecom Limited (ASX:TPG) for an enterprise value of AUD 950 million on May 9, 2022. The Transaction includes a master services agreement with a 20-year term and an option for TPG Telecom to extend. TPG Telecom anticipates the transaction to deliver net cash proceeds of approximately AUD 890 million which will be used to pay off existing bank debt. The Transaction is subject to customary conditions precedent including Foreign Investment Review Board approval and, subject to the satisfaction of those conditions, is expected to close in the third quarter of 2022. RBC Capital Markets acted as financial advisor for OMERS Infrastructure Management Inc.
お知らせ • May 09OMERS Infrastructure Management Inc. agreed to acquire 100% of Mobile Tower and Rooftop Infrastructure from OMERS Infrastructure Management Inc for AUD 950 million.OMERS Infrastructure Management Inc. agreed to acquire 100% of Mobile Tower and Rooftop Infrastructure from OMERS Infrastructure Management Inc for AUD 950 million on May 9, 2022. The Transaction is subject to Foreign Investment Review Board approval and, subject to the satisfaction of those conditions, is expected to close in the third quarter of FY22.
Board Change • Apr 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 8 non-independent directors. Senior Independent Director Helen Nugent was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Upcoming Dividend • Mar 08Upcoming dividend of AU$0.085 per shareEligible shareholders must have bought the stock before 15 March 2022. Payment date: 13 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.1%. Lower than top quartile of Australian dividend payers (5.8%). Lower than average of industry peers (4.8%).
Major Estimate Revision • Mar 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from AU$0.13 to AU$0.10 per share. Revenue forecast steady at AU$5.42b. Net income forecast to grow 63% next year vs 51% growth forecast for Telecom industry in Australia. Consensus price target down from AU$7.22 to AU$6.99. Share price was steady at AU$5.83 over the past week.
お知らせ • Feb 24TPG Telecom Limited Declares a Fully Franked Dividend for the Six Months Ended December 31, 2021, Payable on 13 April 2022TPG Telecom Limited declared a fully franked dividend of AUD 0.08500000 per share for the six months ended December 31, 2021. The dividend has a record date of 16 March 2022 and will be paid on 13 April 2022.
Reported Earnings • Feb 24Full year 2021 earnings: EPS misses analyst expectationsFull year 2021 results: EPS: AU$0.06 (down from AU$0.64 in FY 2020). Revenue: AU$5.34b (up 23% from FY 2020). Net income: AU$110.0m (down 85% from FY 2020). Profit margin: 2.1% (down from 17% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 34%. Over the next year, revenue is forecast to stay flat compared to a 7.9% growth forecast for the industry in Australia.
