Narrative Update • Jun 18
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- 7D-2.5%
- 3M-6.7%
- 1Y-4.3%
- YTD-0.2%
Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.5%, driven by a pullback from Telstra Group of 2.9%. Overall the industry is down 4.3% in 12 months. Earnings are forecast to grow by 8.9% annually.
Industry Valuation and Performance
Has the Australian Telecom Services and Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Jun 2026 | AU$68.2b | AU$30.5b | AU$2.4b | 59x | 28.8x | 2.2x |
| Sun, 17 May 2026 | AU$75.0b | AU$30.5b | AU$2.4b | 61.4x | 31.7x | 2.5x |
| Tue, 14 Apr 2026 | AU$75.9b | AU$30.5b | AU$2.4b | 56.9x | 32.1x | 2.5x |
| Thu, 12 Mar 2026 | AU$71.9b | AU$30.5b | AU$2.4b | 56.2x | 30.5x | 2.4x |
| Sat, 07 Feb 2026 | AU$68.7b | AU$30.8b | AU$2.1b | 250x | 32.5x | 2.2x |
| Mon, 05 Jan 2026 | AU$69.1b | AU$30.8b | AU$2.1b | 264.5x | 32.7x | 2.2x |
| Wed, 03 Dec 2025 | AU$69.3b | AU$30.8b | AU$2.1b | 252.9x | 32.8x | 2.2x |
| Fri, 31 Oct 2025 | AU$72.2b | AU$30.8b | AU$2.1b | 254x | 34.2x | 2.3x |
| Sun, 28 Sep 2025 | AU$71.7b | AU$30.9b | AU$2.1b | 262.2x | 33.9x | 2.3x |
| Tue, 26 Aug 2025 | AU$74.1b | AU$30.7b | AU$2.1b | 650.3x | 35.6x | 2.4x |
| Thu, 24 Jul 2025 | AU$71.4b | AU$30.6b | AU$1.6b | 42x | 44.9x | 2.3x |
| Sat, 21 Jun 2025 | AU$71.1b | AU$30.6b | AU$1.6b | 40.6x | 44.7x | 2.3x |
| Mon, 19 May 2025 | AU$66.3b | AU$30.6b | AU$1.6b | 39.7x | 41.8x | 2.2x |
| Wed, 16 Apr 2025 | AU$64.7b | AU$30.6b | AU$1.6b | 39.3x | 40.7x | 2.1x |
| Fri, 14 Mar 2025 | AU$60.6b | AU$30.6b | AU$1.6b | 33x | 38.3x | 2x |
| Sun, 09 Feb 2025 | AU$59.0b | AU$30.3b | AU$1.6b | 43.8x | 36x | 2x |
| Tue, 07 Jan 2025 | AU$60.4b | AU$30.4b | AU$1.6b | 39.3x | 37.1x | 2x |
| Thu, 05 Dec 2024 | AU$59.3b | AU$30.4b | AU$1.6b | 41.5x | 36.4x | 2x |
| Sat, 02 Nov 2024 | AU$57.1b | AU$30.4b | AU$1.6b | 40.9x | 35.1x | 1.9x |
| Mon, 30 Sep 2024 | AU$59.1b | AU$30.4b | AU$1.6b | 42.9x | 36.9x | 1.9x |
| Wed, 28 Aug 2024 | AU$58.9b | AU$30.4b | AU$1.6b | 38.8x | 36.6x | 1.9x |
| Fri, 26 Jul 2024 | AU$56.7b | AU$30.1b | AU$2.0b | 38.7x | 28.6x | 1.9x |
| Sun, 23 Jun 2024 | AU$55.0b | AU$30.1b | AU$2.0b | 44.9x | 27.7x | 1.8x |
| Tue, 21 May 2024 | AU$54.8b | AU$30.1b | AU$2.0b | 46.6x | 27.5x | 1.8x |
| Thu, 18 Apr 2024 | AU$53.9b | AU$30.1b | AU$2.0b | 46x | 27.1x | 1.8x |
| Sat, 16 Mar 2024 | AU$56.0b | AU$30.0b | AU$2.0b | 45.6x | 28.3x | 1.9x |
| Mon, 12 Feb 2024 | AU$58.9b | AU$29.8b | AU$2.2b | 24.5x | 26.5x | 2x |
| Wed, 10 Jan 2024 | AU$61.2b | AU$30.0b | AU$2.3b | 24.2x | 26.9x | 2x |
| Fri, 08 Dec 2023 | AU$59.4b | AU$30.0b | AU$2.3b | 23x | 26.1x | 2x |
| Sun, 05 Nov 2023 | AU$60.2b | AU$30.0b | AU$2.3b | 24.9x | 26.4x | 2x |
| Tue, 03 Oct 2023 | AU$60.4b | AU$30.0b | AU$2.3b | 25.8x | 26.5x | 2x |
| Thu, 31 Aug 2023 | AU$61.8b | AU$30.0b | AU$2.3b | 25.9x | 27.5x | 2.1x |
| Sat, 29 Jul 2023 | AU$65.9b | AU$29.5b | AU$2.3b | 57.4x | 28.9x | 2.2x |
| Mon, 26 Jun 2023 | AU$66.4b | AU$29.5b | AU$2.3b | 59x | 29.1x | 2.3x |
Price to Earnings Ratio
29.1x
Current Industry PE
- Investors are pessimistic on the Australian Telecom industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.8x which is lower than its 3-year average PE of 32.7x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- Both revenue and earnings for companies in the Telecom industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Trends
Which industries have driven the changes within the Australian Telecom industry?
| AU Market | 3.31% | |
| Telecom | -1.22% | |
| Telecom Services and Carriers | -2.54% | |
| Integrated Telecom Services | -2.31% | |
| Alternative Carriers | -6.73% | |
Industry PE
- Investors are most optimistic about the Alternative Carriers industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 32.9%, which is higher than its past year's earnings decline of 10.3% per year.
- Investors are most pessimistic about the Integrated Telecom Services industry, which is trading below its 3-year average of 31.4x.
Forecasted Growth
- Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 10% per year.
- In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 7.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| TPG TPG Telecom | AU$3.80 | 2.4% +AU$175.7m | -28.8% | PE142.7x | |
| SWP Swoop Holdings | AU$0.088 | 22.2% +AU$5.0m | -2.2% | PS0.2x |