TPG Telecom (ASX:TPG) $3.81
TPG +7.39%: delivered a mixed 1H26 result, with revenue and underlying profit below expectations but importantly reaffirming FY26 guidance.
TPG Telecom (TPG)
TPG $4.05
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Performance
Advanced charting functionality with the ability to amend timeframes, chart type & indicator selection, powered by TradingView.
Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 4.05
- Change
- ▲ 0.01 (0.25)
- Bid / Ask
- 4.05 - 4.06
- Volume
- 1,240,140
- Turnover
- 5,015,998
- Open
- 4.05
- Day Range
- 4.01 - 4.07
- VWAP
- 4.04
- Prev Close
- 4.04
- Last Trade
- 13/11 4:10pm
Key information
Displays key information on the security, sourced from Morningstar.
- Sector
- Communication Services
- Shares Issued
- 1,963,029,400
- NTA/Share
- -0.17
- Last Dividend
- 0.10
- Dividend Ex Date
- 27 AUG 2026
- Dividend Pay Date
- 29 SEP 2026
Current (AUD) · FY2025
Displays key financial data for the most recent fiscal year, in millions. Note - Per share data is in local currency terms irrespective of reporting currency, and may be different to the stated currency, sourced from Morningstar.
- Revenue
- 5,041.00
- EBITDA
- 1,596.00
- Profit
- 461.00
- Earnings Per Share (EPS)
- 0.25
- Dividend Per Share (DPS)
- 1.79
- Yield %
- 4.70
- Market Cap
- 7,950.27
- Price to Earnings Ratio (P/E)
- 140.44
Estimates (AUD) · FY2027
Displays consensus analyst’s estimates for key measures for the next fiscal year, sourced from Morningstar.
- Revenue
- —
- EBITDA
- —
- Profit
- 86.96
- Earnings Per Share (EPS)
- 0.04
- Dividend Per Share (DPS)
- 0.22
Quantitative rating
Displays Morningstar’s Quantitative Equity Research Rating for the security: a star rating from 1 (overvalued) to 5 (undervalued) from the share price against a fair value estimated by a statistical model of Morningstar’s analyst ratings, with the model’s economic moat, financial health and fair value uncertainty, sourced from Morningstar.
Undervalued
- Economic Moat
- None
- Financial Health
- Moderate
- Uncertainty
- Low
Morningstar Quantitative Rating as of 11 NOV 2026.
Quantitative Equity Rating Methodology – view here
Fair value estimate
Displays Morningstar’s quantitative fair value estimate for the security against the current share price, with the band around it: the five-star price below which the model would rate the stock five stars and the one-star price above which it would rate it one star, sourced from Morningstar.
Five-star price 4.11 Fair value 4.50 One-star price 4.93
Morningstar Quantitative Rating as of 11 NOV 2026.
Quantitative valuation
Displays where the share price sits in Morningstar’s quantitative fair value band, from the five-star price (undervalued) to the one-star price (overvalued), with the fair value estimate, the price to fair value ratio, the model’s valuation label and its uncertainty rating, sourced from Morningstar.
Buy
Sell
- Fair Value
- 4.50
- Price / Fair Value
- 0.88
- Valuation
- Undervalued
- Uncertainty
- Low
Morningstar Quantitative Rating as of 11 NOV 2026. The slider runs from the five-star price (4.11) to the one-star price (4.93).
Displays useful ratios for the security, NB the pricing date used, sourced from Morningstar.
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
Price, volume and trading statistics for the security, sourced from Morningstar.
| Price - closing or last bid | 4.04 |
| Price - 12 month high | 5.78 |
| Price - 12 month low | 3.47 |
| Pricing date | 11 NOV 2026 |
| Volume - avg. trading volume for the last ten days | 4.27 |
| Market capitalization | 7,930.64 |
| 12 Month High price date | 12 NOV 2025 |
| 12 Month Low price date | 30 JUL 2026 |
| Volume - avg. trading volume for the last 3 months | 3.67 |
| Price - 1 Day % Change | 1.76% |
| Price - 13 week price percent change | 11.60% |
| Price - 26 week price percent change | -2.88% |
| Price - 5 Day % Change | 0.25% |
| Price - 52 week price percent change | -29.00% |
| Price - YTD price percent change | 6.60% |
| Price % Change Month To Date | 4.12% |
Earnings, dividends, cash flow and book value per share, sourced from Morningstar.
| EPS excluding extraordinary items - most recent fiscal year | 0.028 |
| EPS excluding extraordinary items - trailing 12 month | 0.029 |
| EPS Normalized - most recent fiscal year | 0.070 |
| Revenue/share - most recent fiscal year | 2.699 |
| Revenue/share - trailing 12 month | 2.614 |
| Book value per share - most recent fiscal year | 4.417 |
| Book value per share - most recent half-year | 4.345 |
| Book value (tangible) per share - most recent fiscal year | -0.170 |
| Book value (tangible) per share - most recent half-year | -0.176 |
| Cash per share - most recent fiscal year | 0.037 |
| Cash per share - most recent half-year | 0.028 |
| Cash Flow per share - most recent fiscal year | 1.096 |
| Cash Flow per share - trailing 12 month | 1.031 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.190 |
| EBITD per share - trailing 12 month | 0.835 |
| EPS Basic excluding extraordinary items - most recent fiscal year | 0.028 |
| EPS Basic excluding extraordinary items - trailing 12 month | 0.029 |
| EPS including extraordinary items - most recent fiscal year | 0.247 |
| EPS including extraordinary items - trailing 12 month | 0.232 |
| Free Cash Flow per share - trailing 12 month | 0.640 |
Valuation multiples such as P/E, price to sales, price to book and enterprise value ratios, sourced from Morningstar.
| P/E excluding extraordinary items, most recent fiscal year | 141.16 |
| P/E Normalized, most recent fiscal year | 77.76 |
| Price to sales - most recent fiscal year | 1.55 |
| Price to Tangible Book - most fiscal year | — |
| Price to Free Cash Flow per Share - most recent fiscal year | 6.31 |
| Price to Cash Flow per share - trailing 12 month | 3.92 |
| Price to Book - most recent fiscal year | 0.93 |
| P/E excluding extraordinary items high, trailing 12 months | 155.00 |
| P/E excluding extraordinary items low, trailing 12 months | 125.36 |
| Net Debt, LFI | 4,127.00 |
| Net Debt, LFY | 4,082.00 |
| Dividend Yield - 5 Year Average | 3.59% |
| Dividend Yield - indicated annual dividend divided by closing price | 4.76% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 4.70% |
Cash flow, liquidity and leverage measures, sourced from Morningstar.
| Free Cash Flow - most recent fiscal year | 1,184.00 |
| LT debt/equity - most recent fiscal year | 45.82% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 47.91% |
| LT debt/equity - most recent half-year | 47.09% |
| Total debt/total equity - most recent half-year | 49.03% |
| Free Cash Flow - trailing 12 month | 1,229.00 |
| Payout ratio - trailing 12 month | — |
Key income statement lines for the most recent fiscal year, in millions, sourced from Morningstar.
| Revenue - most recent fiscal year | 5,041.00 |
| Revenue - trailing 12 month | 5,018.00 |
| EBITD - most recent fiscal year | 1,596.00 |
| EBITD - trailing 12 month | 1,604.00 |
| Earnings before taxes - most recent fiscal year | 7.00 |
| Earnings before taxes - trailing 12 month | 32.00 |
| Net Income available to common - most recent fiscal year | 461.00 |
| Net Income available to common - trailing 12 months | 435.00 |
| Earnings before taxes Normalized - most recent fiscal year | 71.00 |
| Net Income Available to Common, Normalized - most recent fiscal year | 130.00 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | 0.05 |
Profitability margins for the most recent fiscal year, sourced from Morningstar.
| Net Profit Margin % - 1st historical fiscal year | 1.03% |
| Net Profit Margin % - trailing 12 month | 1.10% |
| Operating margin - 1st historical fiscal year | 7.92% |
| Operating margin - trailing 12 month | 7.79% |
| Pretax margin - trailing 12 month | 0.64% |
| Pretax margin - 1st historical fiscal year | 0.14% |
| Operating Margin - 5 year average | 6.79% |
| Pretax Margin - 5 year average | 2.37% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 9.93% |
| Free Operating Cash Flow/Revenue, TTM | 24.49% |
| Net Profit Margin - 5 year average | 2.31% |
Returns on average assets and equity for the fiscal year, the trailing 12 months and as 5 year averages, and net income and revenue per employee in whole currency, sourced from Morningstar.
| Return on average assets - most recent fiscal year | 0.30% |
| Return on average assets - trailing 12 month | 0.35% |
| Return on average equity - most recent fiscal year | 0.50% |
| Return on average equity - trailing 12 month | 0.58% |
| Return on average assets - 5 year average | 0.63% |
| Return on average equity - 5 year average | 1.02% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
Growth in revenue, earnings, dividends and book value over recent periods, sourced from Morningstar.
| Revenue growth rate, 5 year | 2.99% |
| EPS growth rate, 5 year | -17.34% |
| Growth rate% - dividend, 3 year | 0.94% |
| Revenue/share (5 yr growth) | -6.43% |
| Growth rate% - Revenue, 3 year | -2.36% |
| Growth rate% - EPS, 3 year | -3.63% |
| Book value per share growth rate, 5 year | -7.14% |
| Capital Spending growth rate, 5 year | 4.76% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 2.79% |
Displays analyst’s forecasts for key measures. The estimates can be expanded to see the spread of the calls. Full lines = reported, and dotted lines are forward estimates. Click a measure to add or remove it from the chart, sourced from Morningstar.
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | ||||||
| Estimate breakdown | ||||||||
Financial metrics can be plotted on the graph to see trends. Multiple metrics from multiple statements can be plotted against each other, sourced from Morningstar.
Financials (AUD, millions)
| Period end: | DEC 21 | DEC 22 | DEC 23 | DEC 24 | DEC 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
Opinion
TPG Telecom Ltd (ASX: TPG) $3.64
TPG has really disappointed since COVID, although things aren’t as bad as they look at a glance, following the sale of TPG's fibre assets to Vocus for $5.25 billion, which led to one of the largest capital management initiatives seen on the ASX in recent years, with approximately $3 billion returned to shareholders through a capital return and special dividend, in the process shoring up the company's balance sheet.
TPG Telecom Ltd (TPG) $5.26
We recently added TPG to our Active Growth Portfolio Hitlist in anticipation of a what the telco would do with its ~$4.7bn net proceeds from its Vocus sale.
TPG Telecom Ltd (TPG) $5.49
Over the last year, Telstra (TLS) has noticeably outperformed TPG, although they have danced in tandem so far in 2025, with both up ~22%. We don’t currently have any exposure to the sector in our Active Growth Portfolio, hence when talk of a potential capital return by TPG gathers momentum, we start to listen.
TPG Telecom Ltd (TPG) $4.91
We have avoided TPG for well over two years, and although the outlook has improved, it is unlikely to be on our Hitlist in 2024. TPG, like TLS, is planning job cuts, although not of the same magnitude, as the telco group, which is carrying more than $4 billion in debt, endeavours to reduce its expenses. TPG’s latest net profit came down 40% YoY due to rising costs from leasing agreements and high interest rates; trimming its workforce by 2-3% will help, but not meaningfully.
TPG Telecom Ltd (TPG) $4.25
TPG has made fresh all-time lows this week and is currently sitting down -17.8% year-to-date. Note that statistically, buying stocks making a new low is a dangerous game. TPG is not a quality stock, with margins under pressure from increasing competition and debt/interest issues looming. Our stance hasn’t changed; we prefer TLS for income and ABB for growth, with TPG simply in the “too-hard basket.”
TPG Telecom Ltd (TPG) $4.57
TPG delivered another poor result in February, with margins under pressure from increasing competition and debt/interest issues. Our stance hasn’t changed; we prefer TLS for income and ABB for growth, with TPG simply in the “too hard basket.”
TPG Telecom (TPG) $4.93
TPG -8.02%: A poor FY23 result today for the telco as increasing competition and a high debt burden bite. Revenue of $5.54bn was up 2% YoY but below $5.59bn consensus, however softer margins hurt earnings (EBITDA), which came in at $1.87bn v $1.92bn expected. They declared a 9cps fully franked dividend.
TPG Telecom Ltd (TPG) $4.81
TPG was the worst-performing stock on the ASX200 on Monday, ultimately closing -11.7% lower after data services business Vocus abandoned its $US4.2bn bid for TPG fibre assets - there has been a noticeable trend of suitors walking away from deals of late. TPG has said it will keep exploring its options and has strong interest from other outside investors, although the price/deal might not be as attractive.
TPG Telecom Ltd (TPG) $5.37
TPG surged higher at the start of August after announcing its in talks to offload assets to Macquarie Asset Management’s Vocus Group for a healthy $6.3bn. The TPG Board has granted Vocus Group a period of exclusive due diligence, currently set to expire on 6 September 2023. Under the proposed deal, TPG would be retaining its Consumer business, mobile wholesale and active mobile infrastructure while some of the monies received could be used for a special dividend after strengthening their balance sheet – best guess would be 10-25c.
Action
Updated
21/08/2026
16:36
TPG
Updated 21/08/2026 16:36
MM is mildly bullish TPG
Updated
16/06/2026
09:22
TPG
Updated 16/06/2026 09:22
MM is neutral towards TPG around $3.60
Updated
08/08/2025
17:31
TPG
Updated 08/08/2025 17:31
MM is now neutral, TPG around $5.30
Updated
16/07/2025
14:47
TPG
Updated 16/07/2025 14:47
MM can see TPG outperforming TLS into Christmas
Updated
16/07/2025
14:46
TPG
Updated 16/07/2025 14:46
MM is bullish TPG into 2026
Updated
19/09/2024
09:40
TPG
Updated 19/09/2024 09:40
MM is neutral to cautiously bullish toward TPG
Updated
19/04/2024
11:14
TPG
Updated 19/04/2024 11:14
MM is neutral at best toward TPG
Updated
14/03/2024
08:44
TPG
Updated 14/03/2024 08:44
MM has no interest in TPG
Updated
27/02/2024
10:30
TPG
Updated 27/02/2024 10:30
MM prefers TLS & ABB over TPG
Updated
15/11/2023
08:50
TPG
Updated 15/11/2023 08:50
MM is neutral toward TPG
Business Summary
TPG Telecom is Australia's third-largest telecom services operator. It offers mobile, fixed-line broadband and telephony solutions. The group's mobile business caters to all market segments spanning consumer, small business, corporate, wholesale, and government. TPG Telecom has grown substantially since listing on the ASX in 2008, via organic growth and acquisitions, and culminated with the July 2020 Vodafone Hutchison Australia merger, the third-ranked mobile network operator in Australia. It owns an extensive stable of infrastructure assets, including a nationwide mobile network that is upgrading to 5G wireless. In July 2025, TPG sold its fiber assets for AUD 5.3 billion to Vocus.
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