TELUS Corporation

DB:BCZ Stock Report

Market Cap: €20.1b

TELUS Valuation

Is BCZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BCZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BCZ (€13.3) is trading below our estimate of fair value (€46.84)

Significantly Below Fair Value: BCZ is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BCZ?

Key metric: As BCZ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BCZ. This is calculated by dividing BCZ's market cap by their current earnings.
What is BCZ's PE Ratio?
PE Ratio32.6x
EarningsCA$923.00m
Market CapCA$30.08b

Price to Earnings Ratio vs Peers

How does BCZ's PE Ratio compare to its peers?

The above table shows the PE ratio for BCZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.4x
O2D Telefónica Deutschland Holding
22.9x-11.4%€6.2b
DTE Deutsche Telekom
24.2x15.7%€144.7b
E4C ecotel communication ag
53.2x64.5%€49.2m
788 China Tower
17.6x24.1%HK$195.8b
BCZ TELUS
32.6x27.0%€30.1b

Price-To-Earnings vs Peers: BCZ is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the peer average (29.4x).

Price to Earnings Ratio vs Industry

How does BCZ's PE Ratio compare vs other companies in the European Telecom Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BCZ 32.6xIndustry Avg. 17.3xNo. of Companies8PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BCZ is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the European Telecom industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is BCZ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BCZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.6x
Fair PE Ratio30.8x

Price-To-Earnings vs Fair Ratio: BCZ is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the estimated Fair Price-To-Earnings Ratio (30.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BCZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.30
€16.11
+21.1%
6.6%€18.72€14.71n/a17
Dec ’25€14.50
€16.79
+15.8%
9.6%€22.39€14.93n/a17
Nov ’25€14.30
€16.49
+15.3%
9.5%€22.00€14.33n/a17
Oct ’25€15.10
€16.49
+9.2%
9.4%€21.94€14.30n/a17
Sep ’25€14.50
€16.50
+13.8%
9.3%€21.97€14.31n/a17
Aug ’25€15.10
€16.79
+11.2%
9.1%€22.09€15.40n/a17
Jul ’25€14.00
€17.36
+24.0%
8.7%€22.55€15.72n/a17
Jun ’25€15.00
€17.22
+14.8%
8.4%€22.27€16.20n/a17
May ’25€15.00
€17.77
+18.5%
8.1%€22.57€16.42n/a17
Apr ’25€14.80
€18.35
+24.0%
7.7%€22.63€16.46n/a17
Mar ’25€16.10
€18.53
+15.1%
8.0%€22.46€16.33n/a17
Feb ’25€16.60
€18.70
+12.6%
7.6%€22.72€16.52n/a18
Jan ’25€16.00
€18.78
+17.4%
7.4%€22.63€16.46n/a18
Dec ’24€16.90
€18.47
+9.3%
7.8%€22.48€16.35€14.5018
Nov ’24€15.40
€18.64
+21.0%
7.8%€22.49€16.35€14.3017
Oct ’24€15.40
€19.55
+26.9%
7.4%€22.61€17.81€15.1017
Sep ’24€16.10
€19.43
+20.7%
7.2%€22.43€17.67€14.5017
Aug ’24€16.00
€20.23
+26.4%
6.4%€22.65€18.53€15.1017
Jul ’24€17.70
€21.61
+22.1%
6.2%€24.24€19.39€14.0017
Jun ’24€17.60
€21.55
+22.4%
6.3%€24.12€19.30€15.0017
May ’24€19.10
€21.10
+10.5%
5.2%€23.40€18.72€15.0017
Apr ’24€18.20
€22.05
+21.1%
4.2%€23.03€19.54€14.8017
Mar ’24€18.50
€22.05
+19.2%
4.2%€23.03€19.54€16.1017
Feb ’24€19.70
€22.52
+14.3%
5.9%€24.92€19.38€16.6017
Jan ’24€18.20
€22.82
+25.4%
4.7%€24.85€20.71€16.0017
Dec ’23€20.00
€24.49
+22.4%
4.8%€26.62€22.18€16.9017

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 13:09
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

TELUS Corporation is covered by 41 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amman SaeedAccountability Research Corporation
Mark RosenAccountability Research Corporation
Phillip HuangBarclays