TEP Stock Overview
Telecom Plus Plc provides a range of utility services in the United Kingdom.
Telecom Plus Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£17.50|
|52 Week High||UK£22.65|
|52 Week Low||UK£11.68|
|1 Month Change||-12.72%|
|3 Month Change||-10.07%|
|1 Year Change||45.35%|
|3 Year Change||49.83%|
|5 Year Change||61.14%|
|Change since IPO||3,400.00%|
Recent News & Updates
Telecom Plus (LON:TEP) Hasn't Managed To Accelerate Its Returns
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Telecom Plus (LON:TEP) Has A Rock Solid Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Telecom Plus (LON:TEP) Will Pay A Dividend Of UK£0.30
Telecom Plus Plc ( LON:TEP ) has announced that it will pay a dividend of UK£0.30 per share on the 5th of August. This...
Estimating The Fair Value Of Telecom Plus Plc (LON:TEP)
In this article we are going to estimate the intrinsic value of Telecom Plus Plc ( LON:TEP ) by taking the expected...
|TEP||GB Integrated Utilities||GB Market|
Return vs Industry: TEP exceeded the UK Integrated Utilities industry which returned -8.6% over the past year.
Return vs Market: TEP exceeded the UK Market which returned -14.4% over the past year.
|TEP Average Weekly Movement||3.5%|
|Integrated Utilities Industry Average Movement||4.4%|
|Market Average Movement||5.2%|
|10% most volatile stocks in GB Market||10.8%|
|10% least volatile stocks in GB Market||2.6%|
Stable Share Price: TEP is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TEP's weekly volatility (4%) has been stable over the past year.
About the Company
Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance, boiler cover, and cashback card services under the Utility Warehouse and TML brands. The company was incorporated in 1996 and is based in London, the United Kingdom.
Telecom Plus Fundamentals Summary
|TEP fundamental statistics|
Is TEP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TEP income statement (TTM)|
|Cost of Revenue||UK£778.96m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||0.45|
|Net Profit Margin||3.67%|
How did TEP perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is TEP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TEP?
Other financial metrics that can be useful for relative valuation.
|What is TEP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TEP's PE Ratio compare to its peers?
|TEP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
NG. National Grid
DRX Drax Group
PNN Pennon Group
TEP Telecom Plus
Price-To-Earnings vs Peers: TEP is good value based on its Price-To-Earnings Ratio (39x) compared to the peer average (47.1x).
Price to Earnings Ratio vs Industry
How does TEP's PE Ratio compare vs other companies in the Global Integrated Utilities Industry?
Price-To-Earnings vs Industry: TEP is expensive based on its Price-To-Earnings Ratio (39x) compared to the Global Integrated Utilities industry average (17x)
Price to Earnings Ratio vs Fair Ratio
What is TEP'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.
|Current PE Ratio||39x|
|Fair PE Ratio||25.7x|
Price-To-Earnings vs Fair Ratio: TEP is expensive based on its Price-To-Earnings Ratio (39x) compared to the estimated Fair Price-To-Earnings Ratio (25.7x).
Share Price vs Fair Value
What is the Fair Price of TEP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TEP (£17.5) is trading below our estimate of fair value (£17.56)
Significantly Below Fair Value: TEP is trading below fair value, but not by a significant amount.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
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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How is Telecom Plus forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TEP's forecast earnings growth (23.8% per year) is above the savings rate (0.9%).
Earnings vs Market: TEP's earnings (23.8% per year) are forecast to grow faster than the UK market (8.9% per year).
High Growth Earnings: TEP's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TEP's revenue (26.9% per year) is forecast to grow faster than the UK market (4.5% per year).
High Growth Revenue: TEP's revenue (26.9% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TEP's Return on Equity is forecast to be high in 3 years time (34%)
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How has Telecom Plus performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TEP has high quality earnings.
Growing Profit Margin: TEP's current net profit margins (3.7%) are lower than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: TEP's earnings have grown by 2.4% per year over the past 5 years.
Accelerating Growth: TEP's earnings growth over the past year (8.9%) exceeds its 5-year average (2.4% per year).
Earnings vs Industry: TEP earnings growth over the past year (8.9%) exceeded the Integrated Utilities industry 4.2%.
Return on Equity
High ROE: TEP's Return on Equity (17%) is considered low.
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How is Telecom Plus's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TEP's short term assets (£242.2M) exceed its short term liabilities (£159.2M).
Long Term Liabilities: TEP's short term assets (£242.2M) exceed its long term liabilities (£101.1M).
Debt to Equity History and Analysis
Debt Level: TEP's net debt to equity ratio (33.8%) is considered satisfactory.
Reducing Debt: TEP's debt to equity ratio has increased from 0.2% to 48.3% over the past 5 years.
Debt Coverage: TEP's debt is well covered by operating cash flow (51.7%).
Interest Coverage: TEP's interest payments on its debt are well covered by EBIT (22.7x coverage).
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What is Telecom Plus's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TEP's dividend (3.26%) is higher than the bottom 25% of dividend payers in the UK market (2.06%).
High Dividend: TEP's dividend (3.26%) is low compared to the top 25% of dividend payers in the UK market (5.81%).
Stability and Growth of Payments
Stable Dividend: TEP's dividends per share have been stable in the past 10 years.
Growing Dividend: TEP's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (126.3%), TEP's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (109%), TEP's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andrew Lindsay (45 yo)
Mr. Andrew Lindsay, MBE, serves as Co - Chief Executive Officer at Telecom Plus Plc since November 2021. He had been the Chief Executive Officer of Telecom Plus PLC since July 14, 2010 until November 2021...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD1.33M) is below average for companies of similar size in the UK market ($USD2.16M).
Compensation vs Earnings: Andrew's compensation has been consistent with company performance over the past year.
Experienced Management: TEP's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Experienced Board: TEP's board of directors are considered experienced (5.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|21 Mar 22||BuyUK£567,738||Julian Schild||Individual||38,698||UK£14.67|
|21 Mar 22||SellUK£567,700||Julian Schild||Individual||38,698||UK£14.67|
|30 Nov 21||SellUK£29,000,000||Charles Wigoder||Individual||2,000,000||UK£14.50|
|30 Nov 21||SellUK£7,250,000||Wigoder Family Foundation, Endowment Arm||Company||500,000||UK£14.50|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Telecom Plus Plc's employee growth, exchange listings and data sources
- Name: Telecom Plus Plc
- Ticker: TEP
- Exchange: LSE
- Founded: 1996
- Industry: Multi-Utilities
- Sector: Utilities
- Implied Market Cap: UK£1.384b
- Shares outstanding: 79.07m
- Website: https://www.telecomplus.co.uk
Number of Employees
- Telecom Plus Plc
- Network HQ
- 508 Edgware Road
- Greater London
- NW9 5AB
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TEP||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||Jun 1997|
|TEPL||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||Jun 1997|
|T8T||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 1997|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/25 00:00|
|End of Day Share Price||2022/09/23 00:00|
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.