Telstra Group (TLS)
TLS $5.08
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Performance
Share price activity
- Last (Price)
- 5.08
- Change
- ▲ 0.01 (0.10)
- Bid / Ask
- 5.07 - 5.08
- Volume
- 5,354,379
- Turnover
- 27,208,130
- Open
- 5.07
- Day Range
- 5.06 - 5.10
- VWAP
- 5.08
- Prev Close
- 5.07
- Last Trade
- 12/11 2:01pm
Key information
- Sector
- Communication Services
- Shares Issued
- 11,092,460,473
- NTA/Share
- 0.37
- Last Dividend
- 0.11
- Dividend Ex Date
- 26 AUG 2026
- Dividend Pay Date
- 24 SEP 2026
Current (AUD) · FY2026
- Revenue
- 22,507.00
- EBITDA
- 8,052.00
- Profit
- 2,241.00
- Earnings Per Share (EPS)
- 0.20
- Dividend Per Share (DPS)
- 0.20
- Yield %
- 4.18
- Market Cap
- 56,057.75
- Price to Earnings Ratio (P/E)
- 25.50
Estimates (AUD) · FY2027
- Revenue
- —
- EBITDA
- —
- Profit
- 2,319.66
- Earnings Per Share (EPS)
- 0.21
- Dividend Per Share (DPS)
- 0.22
Quantitative rating
Fairly valued
- Economic Moat
- Narrow
- Financial Health
- Strong
- Uncertainty
- Low
Morningstar Quantitative Rating as of 4 NOV 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Five-star price 4.69 Fair value 5.15 One-star price 5.66
Morningstar Quantitative Rating as of 4 NOV 2026.
Quantitative valuation
- Fair Value
- 5.15
- Price / Fair Value
- 0.98
- Valuation
- Fairly valued
- Uncertainty
- Low
Morningstar Quantitative Rating as of 4 NOV 2026. The slider runs from the five-star price (4.69) to the one-star price (5.66).
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 5.03 |
| Price - 12 month high | 5.58 |
| Price - 12 month low | 4.56 |
| Pricing date | 4 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 27.50 |
| Market capitalization | 55,795.08 |
| 12 Month High price date | 20 MAY 2026 |
| 12 Month Low price date | 26 AUG 2026 |
| Volume - avg. trading volume for the last 3 months | 30.04 |
| Price - 1 Day % Change | -0.40% |
| Price - 13 week price percent change | -0.98% |
| Price - 26 week price percent change | -6.16% |
| Price - 5 Day % Change | 3.50% |
| Price - 52 week price percent change | 3.93% |
| Price - YTD price percent change | 3.29% |
| Price % Change Month To Date | 4.14% |
| EPS excluding extraordinary items - most recent fiscal year | 0.199 |
| EPS excluding extraordinary items - trailing 12 month | 0.199 |
| EPS Normalized - most recent fiscal year | 0.255 |
| Revenue/share - most recent fiscal year | 1.997 |
| Revenue/share - trailing 12 month | 1.997 |
| Book value per share - most recent fiscal year | 1.129 |
| Book value per share - most recent half-year | 1.129 |
| Book value (tangible) per share - most recent fiscal year | 0.372 |
| Book value (tangible) per share - most recent half-year | 0.372 |
| Cash per share - most recent fiscal year | 0.099 |
| Cash per share - most recent half-year | 0.099 |
| Cash Flow per share - most recent fiscal year | 0.594 |
| Cash Flow per share - trailing 12 month | 0.594 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.210 |
| EBITD per share - trailing 12 month | 0.715 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.199 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.199 |
| EPS including extraordinary items - most recent fiscal year | 0.199 |
| EPS including extraordinary items - trailing 12 month | 0.199 |
| Free Cash Flow per share - trailing 12 month | 0.247 |
| P/E excluding extraordinary items, most recent fiscal year | 25.28 |
| P/E Normalized, most recent fiscal year | 19.71 |
| Price to sales - most recent fiscal year | 2.52 |
| Price to Tangible Book - most fiscal year | 32.22 |
| Price to Free Cash Flow per Share - most recent fiscal year | 20.35 |
| Price to Cash Flow per share - trailing 12 month | 8.47 |
| Price to Book - most recent fiscal year | 4.45 |
| P/E excluding extraordinary items high, trailing 12 months | 28.03 |
| P/E excluding extraordinary items low, trailing 12 months | 23.02 |
| Net Debt, LFI | 17,316.00 |
| Net Debt, LFY | 17,500.00 |
| Dividend Yield - 5 Year Average | 3.73% |
| Dividend Yield - indicated annual dividend divided by closing price | 4.19% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 4.18% |
| Free Cash Flow - most recent fiscal year | 2,785.00 |
| LT debt/equity - most recent fiscal year | 99.23% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 124.14% |
| LT debt/equity - most recent half-year | 89.25% |
| Total debt/total equity - most recent half-year | 119.14% |
| Free Cash Flow - trailing 12 month | 2,785.00 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 22,507.00 |
| Revenue - trailing 12 month | 22,507.00 |
| EBITD - most recent fiscal year | 8,052.00 |
| EBITD - trailing 12 month | 8,052.00 |
| Earnings before taxes - most recent fiscal year | 3,314.00 |
| Earnings before taxes - trailing 12 month | 3,314.00 |
| Net Income available to common - most recent fiscal year | 2,241.00 |
| Net Income available to common - trailing 12 months | 2,241.00 |
| Earnings before taxes Normalized - most recent fiscal year | 3,706.00 |
| Net Income Available to Common, Normalized - most recent fiscal year | 2,876.00 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.26 |
| Net Profit Margin % - 1st historical fiscal year | 10.69% |
| Net Profit Margin % - trailing 12 month | 10.69% |
| Operating margin - 1st historical fiscal year | 15.05% |
| Operating margin - trailing 12 month | 15.05% |
| Pretax margin - trailing 12 month | 14.72% |
| Pretax margin - 1st historical fiscal year | 14.72% |
| Operating Margin - 5 year average | 12.78% |
| Pretax Margin - 5 year average | 12.95% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 12.39% |
| Free Operating Cash Flow/Revenue, TTM | 12.37% |
| Net Profit Margin - 5 year average | 9.36% |
| Return on average assets - most recent fiscal year | 5.40% |
| Return on average assets - trailing 12 month | 5.40% |
| Return on average equity - most recent fiscal year | 18.13% |
| Return on average equity - trailing 12 month | 18.13% |
| Return on average assets - 5 year average | 4.59% |
| Return on average equity - 5 year average | 13.82% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 1.40% |
| EPS growth rate, 5 year | 4.99% |
| Growth rate% - dividend, 3 year | 7.72% |
| Revenue/share (5 yr growth) | 2.47% |
| Growth rate% - Revenue, 3 year | 0.21% |
| Growth rate% - EPS, 3 year | 6.02% |
| Book value per share growth rate, 5 year | -1.64% |
| Capital Spending growth rate, 5 year | 4.46% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 2.75% |
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2026 | 2027 | 2028 | ||||||
| Estimate breakdown | ||||||||
Financials (AUD, millions)
| Period end: | JUN 22 | JUN 23 | JUN 24 | JUN 25 | JUN 26 |
| Fiscal year: | 2022 | 2023 | 2024 | 2025 | 2026 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
Telstra (ASX: TLS) $4.84
TLS -3.2%: delivered a broadly solid FY26 result, with underlying earnings growth, another dividend increase and a further A$1 billion buyback. However, shares traded on the back of softer-than-expected FY27 cash EBIT guidance and some emerging weakness in postpaid mobile momentum.
Telstra Group Ltd (ASX: TLS) $5.10
In the coming months, a test of $4.70 wouldn’t surprise us, ~8% lower, but the risk/reward is unattractive despite its ~4% fully franked yield. We see no reason to buy TLS in the face of the uncertainty being created by SpaceX.
Telstra Group Ltd (TLS) $5.12
Telstra needs no introductions, and has probably frustrated most subscribers at one stage or another over recent years. We covered Telstra's most recent report, its H1 FY26 half-year result, in February here.
Telstra Group Ltd (ASX:TLS) $5.44
Telstra delivered a solid result in February Here which has helped push the stock towards its 10-year high although it benefitted in March from a “Defensive” bid as the Iran war saw traders and investors adopt a “risk off” approach to the market. The stock’s ~4% fully franked dividend is not as exciting as it has been in previous years, especially with the RBA in the middle of a hiking cycle.
Telstra (TLS) $5.14
Telstra (TLS) +3.63%: a solid, defensive-style beat - cash flow improved, the dividend lifted, and guidance was tightened — with mobile again doing the heavy lifting.
Telstra Group Ltd (TLS) $4.96
Telstra (TLS) offers a blend of modest earnings growth, solid yield, and capital returns via buybacks, though valuation is starting to look less compelling near $5. After years of stagnation despite rising earnings, the market is now rewarding TLS with a higher multiple, reflecting renewed optimism.
Telstra Group (TLS) $4.88
We’ve written about TLS several times in recent weeks as the stock has rallied, concluding that we like the direction of the telco over the coming years, believing that it affords a solid combination of modest earnings growth, a reasonable yield, supported by ongoing share buy-backs.
Telstra Group Ltd (TLS) $4.86
Telstra is often considered the quasi perfect defensive play on the ASX but we believe its got far more going for it in the coming years. The Telco giant is forecast to yield 4.0% fully franked over the coming 12 months, with its next dividend due in August.
Action
MM is starting to get interested in TLS
MM would only get interested in TLS ~$4.50
MM is bearish towards TLS around $5.10
MM would start to get interested in TLS below $5
MM is neutral towards TLS around $5.50
MM is neutral TLS above $5
MM remains neutral on TLS
MM is neutral towards TLS ~$5
MM is now neutral on TLS short term ~$4.88
MM are selling TLS in the Active Income Portfolio, taking a profit around $4.88
Business Summary
Telstra is Australia's largest telecommunications company, with dominant market shares in voice, mobile, enterprise telecom, and fixed-line broadband resale via the national broadband network. Telstra provides most of its products and services via its infrastructure assets, such as a fixed-line network (data centers, exchanges, poles, ducts, pits and pipes, fiber network), a mobile network, and mobile towers. Its customers span retail, corporate, government, wholesale, and overseas segments. Telstra also provides the government-owned, last-mile fixed-line National Broadband Network with long-term access to its infrastructure, in return for recurring payments. Finally, Telstra operates a leading telecom operation in Papua New Guinea and the surrounding South-Pacific countries.
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