Executive Summary
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record established dividend payer.
Similar Companies
Share Price & News
How has TELUS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: T has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.1%
T
2.6%
CA Telecom
0.8%
CA Market
1 Year Return
12.7%
T
15.1%
CA Telecom
10.6%
CA Market
Return vs Industry: T underperformed the Canadian Telecom industry which returned 12.5% over the past year.
Return vs Market: T exceeded the Canadian Market which returned 9.6% over the past year.
Shareholder returns
| T | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.1% | 2.6% | 0.8% |
| 30 Day | 2.9% | 0.3% | 2.1% |
| 90 Day | 13.2% | 3.6% | 6.6% |
| 1 Year | 18.0%12.7% | 20.8%15.1% | 14.1%10.6% |
| 3 Year | 35.2%18.3% | 20.6%3.1% | 17.0%6.4% |
| 5 Year | 50.5%21.1% | 48.4%15.0% | 38.5%18.2% |
Price Volatility Vs. Market
How volatile is TELUS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Why We Like TELUS Corporation’s (TSE:T) 9.6% Return On Capital Employed1 month ago | Simply Wall St
This Insider Has Just Sold Shares In TELUS Corporation (TSE:T)1 month ago | Simply Wall St
Don't Race Out To Buy TELUS Corporation (TSE:T) Just Because It's Going Ex-DividendValuation
Is TELUS undervalued compared to its fair value and its price relative to the market?
49.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: T (CA$50.28) is trading below our estimate of fair value (CA$102.52)
Significantly Below Fair Value: T is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: T is poor value based on its PE Ratio (17.4x) compared to the Telecom industry average (17x).
PE vs Market: T is poor value based on its PE Ratio (17.4x) compared to the Canadian market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: T is poor value based on its PEG Ratio (5x)
Price to Book Ratio
PB vs Industry: T is overvalued based on its PB Ratio (2.8x) compared to the XN Telecom industry average (1.7x).
Next Steps
Future Growth
How is TELUS forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: T's forecast earnings growth (3.5% per year) is above the savings rate (1.4%).
Earnings vs Market: T's earnings (3.5% per year) are forecast to grow slower than the Canadian market (10.3% per year).
High Growth Earnings: T's earnings are forecast to grow, but not significantly.
Revenue vs Market: T's revenue (4.4% per year) is forecast to grow slower than the Canadian market (5% per year).
High Growth Revenue: T's revenue (4.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: T's Return on Equity is forecast to be low in 3 years time (16.2%).
Next Steps
Past Performance
How has TELUS performed over the past 5 years?
4.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: T has high quality earnings.
Growing Profit Margin: T's current net profit margins (12%) are higher than last year (11.5%).
Past Earnings Growth Analysis
Earnings Trend: T's earnings have grown by 4.1% per year over the past 5 years.
Accelerating Growth: T's earnings growth over the past year (8.7%) exceeds its 5-year average (4.1% per year).
Earnings vs Industry: T earnings growth over the past year (8.7%) exceeded the Telecom industry -32.3%.
Return on Equity
High ROE: T's Return on Equity (16.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is TELUS's financial position?
Financial Position Analysis
Short Term Liabilities: T's short term assets (CA$4.1B) do not cover its short term liabilities (CA$5.1B).
Long Term Liabilities: T's short term assets (CA$4.1B) do not cover its long term liabilities (CA$20.7B).
Debt to Equity History and Analysis
Debt Level: T's debt to equity ratio (144.3%) is considered high.
Reducing Debt: T's debt to equity ratio has increased from 116% to 144.3% over the past 5 years.
Debt Coverage: T's debt is well covered by operating cash flow (25.8%).
Interest Coverage: T's interest payments on its debt are well covered by EBIT (4.5x coverage).
Balance Sheet
Inventory Level: T has a high level of physical assets or inventory.
Debt Coverage by Assets: T's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is TELUS's current dividend yield, its reliability and sustainability?
4.48%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: T's dividend (4.63%) is higher than the bottom 25% of dividend payers in the Canadian market (1.88%).
High Dividend: T's dividend (4.63%) is low compared to the top 25% of dividend payers in the Canadian market (5.48%).
Stability and Growth of Payments
Stable Dividend: T's dividends per share have been stable in the past 10 years.
Growing Dividend: T's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (76.7%), T's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: T's dividends in 3 years are forecast to be covered by earnings (69.6% payout ratio).
Next Steps
Management
What is the CEO of TELUS's salary, the management and board of directors tenure and is there insider trading?
6.1yrs
Average board tenure
CEO
Darren Entwistle (55yo)
20yrs
Tenure
CA$12,563,216
Compensation
Mr. Darren Entwistle, B.A., M.B.A., LLD, has been the Chief Executive Officer and President of TELUS Corporation since August 2015. Mr. Entwistle serves as the Chief Executive Officer and President at Telu ...
CEO Compensation Analysis
Compensation vs Market: Darren's total compensation ($USD9.62M) is above average for companies of similar size in the Canadian market ($USD7.32M).
Compensation vs Earnings: Darren's compensation has been consistent with company performance over the past year.
Board Age and Tenure
6.1yrs
Average Tenure
63.5yo
Average Age
Experienced Board: T's board of directors are considered experienced (6.1 years average tenure).
Insider Trading
Insider Buying: T insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Technology Officer Executive Vice President of Technology Strategy & Business Transformation |
| Shares | 942 |
| Max Price | CA$50.01 |
| Entity | Individual |
| Shares | 752 |
| Max Price | CA$50.01 |
| Entity | Individual |
| Shares | 4,037 |
| Max Price | CA$51.33 |
| Entity | Individual |
| Shares | 440 |
| Max Price | CA$50.01 |
| Entity | Individual |
| Role | Chief Legal Officer Chief Legal & Governance Officer |
| Shares | 580 |
| Max Price | CA$50.01 |
| Entity | Individual |
| Role | Head of Human Resources Executive VP of People & Culture and Chief Human Resources Officer |
| Shares | 683 |
| Max Price | CA$50.01 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 14,133 |
| Max Price | CA$50.30 |
| Entity | Individual |
| Shares | 24,844 |
| Max Price | CA$50.30 |
| Entity | Individual |
| Shares | 9,016 |
| Max Price | CA$50.30 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 850 |
| Max Price | CA$47.08 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 1,650 |
| Max Price | CA$47.07 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 2,300 |
| Max Price | CA$48.81 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 3,050 |
| Max Price | CA$48.84 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,300 |
| Max Price | CA$48.96 |
| Entity | Individual |
| Role | Chief Financial Officer Executive VP & CFO |
| Shares | 551 |
| Max Price | CA$47.19 |
| Entity | Individual |
| Role | Head of Human Resources Executive VP of People & Culture and Chief Human Resources Officer |
| Shares | 522 |
| Max Price | CA$47.19 |
| Entity | Individual |
| Shares | 1,690 |
| Max Price | CA$47.19 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Darren Entwistle (55yo)
President
- Tenure: 20yrs
- Compensation: CA$12.56m
Paul Lepage
Senior Vice President
François Côté (61yo)
Executive Vice President
- Compensation: CA$2.05m
Andrea Wood
Chief Legal & Governance Officer
Eros Spadotto
Executive Vice President of Technology Strategy & Business Transformation
- Compensation: CA$3.23m
Michel Belec
Senior Vice President of Legal Services
Navin Arora
President of TELUS Business Solutions
Sandy McIntosh
Executive VP of People & Culture and Chief Human Resources Officer
Doug French
Executive VP & CFO
- Tenure: 24yrs
- Compensation: CA$3.36m
Ian McMillan
Investor Relations
Board Members
Dick Auchinleck (67yo)
Chairman
- Tenure: 4.4yrs
- Compensation: CA$518.94k
Brian Canfield (80yo)
Chairman Emeritus
- Tenure: 5.7yrs
- Compensation: CA$255.63k
Darren Entwistle (55yo)
President
- Tenure: 20yrs
- Compensation: CA$12.56m
Lisa de Wilde (63yo)
Independent Director
- Tenure: 4.9yrs
- Compensation: CA$238.65k
Dave Mowat (63yo)
Independent Director
- Tenure: 3.7yrs
- Compensation: CA$265.00k
Ray Chan (63yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: CA$233.47k
John Manley (69yo)
Independent Director
- Tenure: 8yrs
- Compensation: CA$251.67k
Mary Haddad (63yo)
Independent Director
- Tenure: 5.7yrs
- Compensation: CA$267.54k
Rick Hillier (64yo)
Chairman of Atlantic Canada Community Board
- Tenure: 11.3yrs
Stockwell Day (69yo)
Independent Director
- Tenure: 9yrs
- Compensation: CA$259.20k
Company Information
TELUS Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: TELUS Corporation
- Ticker: T
- Exchange: TSX
- Founded: 1993
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: CA$31.426b
- Shares outstanding: 604.59m
- Website: https://www.telus.com
Number of Employees
Location
- TELUS Corporation
- 510 West Georgia Street
- 7th Floor
- Vancouver
- British Columbia
- V6B 0M3
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| T | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Jan 1999 |
| BCZ | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1999 |
| TU | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1999 |
| TU N | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1999 |
Biography
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company’s telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions. It has 13.4 million subscriber connections, including 9.2 million wireless subscribers, 1.9 million high-speed Internet subscribers, 1.2 million wireline residential network access lines, and 1.1 million TELUS TV subscribers. The company was formerly known as TELUS Communications Inc. and changed its name to TELUS Corporation in February 2005. TELUS Corporation was founded in 1993 and is based in Vancouver, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/22 23:49 |
| End of Day Share Price | 2020/01/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.