Telstra Group Limited

A$5.10As of Sun 8 Nov 2026, 12:00 UTC

ASX:TLSCommunication

Country Australia

PE (Fwd) •••

TSR 10Y CAGR 5.34%

Div yield 4.12%

ROE 15.37%

Telecom Services

Beta (5Y) 0.15

PE TTM 25.65

TSR TTM 9.08%

Mkt cap A$56.77B

ROIC 9.33%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

$5.83

14.29%

(13.22%)

Hold 12|2|3|7|0

TTM

FYE 30 Jun AUD

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

10.11

Revenue$B

17.05

17.24

17.44

17.05

17.12

17.32

17.47

17.17

16.82

17.17

10.33

0.06%

(0.13%)

27.72

Revenue growth%

32.03

33.62

31.83

34.35

37.09

35.69

38.48

40.98

41.32

39.64

14.19

39.64

36.39

16.23

Gross margin%

20.74

23.55

21.31

24.22

24.21

22.45

21.05

21.20

18.31

17.94

11.24

21.05

21.26

20.17

Operating margin%

26.55

27.44

30.34

31.49

31.50

29.44

29.43

29.23

27.80

25.77

2.69

29.23

29.33

25.11

Net margin%

1.79

0.40

2.90

0.48

2.30

0.74

0.48

2.90

1.10

0.40

9.08

0.74

0.92

10.65

P/E ratio (avg)x

24.05

25.92

26.62

30.25

34.43

37.16

34.28

32.53

34.44

37.11

12.23

34.44

33.41

20.86

EV/EBITx

49.64

53.57

60.55

66.56

64.70

66.17

67.42

66.97

70.54

79.57

26.27

67.42

66.37

25.29

FCF yield (avg)%

4.84

2.63

1.77

0.40

1.28

1.35

0.40

2.34

4.50

26.32

1.35

1.56

18.31

FCF margin%

4.12

5.86

4.05

3.78

1.99

3.23

5.01

5.00

2.13

2.01

10.91

3.23

3.92

0.661

FCF / Net incomex

0.342

0.345

0.393

0.428

0.391

0.419

0.448

0.467

0.529

0.584

0.589

0.467

0.423

14.33

ROIC%

8.56

10.03

7.99

9.57

7.96

9.46

9.48

9.69

8.60

6.80

3.19

9.46

9.03

24.46

Return on equity%

22.50

21.21

20.25

19.75

18.87

16.27

16.10

15.48

15.15

15.70

7.24

15.70

17.57

25.73

Return on assets%

7.22

9.71

8.57

10.34

10.63

11.85

11.66

14.10

11.24

12.99

9.90

11.85

10.93

0.27

EPS$

0.10

0.09

0.08

0.07

0.06

0.27

(9.00%)

(6.26%)

—

4.96

EPS growth%

11.57

12.42

12.87

12.93

14.52

12.67

11.44

12.04

11.81

9.27

10.04

11.81

12.23

0.59

Bookvalue per sh$

0.29

0.27

0.29

0.31

0.29

0.30

0.28

0.26

0.24

0.56

(3.21%)

(3.19%)

—

0.78

FCF per share$

1.10

1.14

1.31

1.36

1.40

1.49

1.74

1.77

1.92

1.81

0.72

5.25%

6.50%

—

0.55

Dividend per sh$

0.44

0.41

0.35

0.31

0.30

0.26

0.24

0.22

0.23

0.17

(5.30%)

(5.88%)

—

24.68

Div yield (avg)%

26.85

27.79

29.11

28.69

28.75

31.46

34.17

34.85

34.13

34.46

9.19

34.17

30.29

2.90

Payout ratio%

20.16

19.57

18.12

15.82

15.39

18.09

17.02

19.21

21.68

20.75

21.26

19.21

18.66

10.84

Shares (diluted)B

10.78

10.57

10.37

10.41

11.10

11.09

10.68

10.58

10.99

10.69

10.90

(0.75%)

(1.30%)

16.13

Buyback yield%

29.83

27.62

26.23

26.75

24.77

22.98

25.06

24.54

22.68

24.33

15.77

24.33

24.91

1.636

D/E ratiox

1.597

1.716

1.877

1.938

1.955

2.040

1.859

1.746

1.584

1.608

0.108

1.746

1.803

13.07

Enterprise value$B

8.619

8.421

9.488

10.66

11.84

13.20

14.91

16.77

18.82

18.65

11.93

9.52%

8.49%

10.45

LT debt$B

6.203

6.477

7.054

7.624

7.923

7.741

7.734

9.045

10.63

11.58

8.203

7.88%

6.71%

Peers (US$38.99B)

Cap (US$)

REA Group Limited

15.69B

41.81x

CAR Group Limited

6.784B

31.49x

TPG Telecom Limited

5.497B

18.05x

Chunghwa Telecom Co.…

38.31B

30.07x

Capital

TTM

10Y

Leveragex

0.738

(0.058)

(0.048)

EBIT/Intx

0.904

0.687

0.566

Own earn%

17.38

24.94

26.27

Sh yield%

40.82

58.78

56.06

Owners

Insiders/Inst%

13.08

35.94

Short interest%

3.57

SBC / revenue%

2.16

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

26–32

$1 testx

—

Incr. ROIC%

Telstra Group Limited provides telecommunications services in Australia and internationally. The company operates through six segments: Telstra Consumer; Telstra Business; Telstra Enterprise; Telstra International; Networks, Product and Technology; and Telstra InfraCo.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$17.17B

(0.13%)

1.00×

Cost of revenue

$10.41B

(0.05%)

1.01×

Operating expenses

$3.556B

(0.01%)

1.01×