Telstra Corporation (TLS)
Views and News
The Gorilla in Telecommunications
Half-year Performance & Estimates - TLS
| Year-end June | 1H12A | FY12A | 1H13A | FY13A | 1H14A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 12,502 | 25,232 | 12,534 | 25,502 | 12,627 | 25,392 | 25,039 |
| EBITDA, $m | 4,750 | 10,234 | 4,986 | 10,629 | 5,290 | 10,697 | 10,707 |
| EBIT, $m | 2,564 | 5,822 | 2,840 | 6,391 | 3,277 | 6,630 | 6,704 |
| Report NPAT, $m | 1,479 | 3,424 | 1,623 | 3,865 | 1,741 | ||
| Adj. NPAT, $m | 1,741 | 4,036 | 4,130 | ||||
| Reported EPS, ¢ | 12.00 | 27.00 | 13.00 | 31.00 | 15.00 | ||
| Adjusted EPS, ¢ | 15.00 | 32.10 | 33.00 | ||||
| EPS %FY/Growth | 44% | 42% | 15% | 15% | 4% | 3% | |
| Dividend, ¢ | 14.0 | 28.0 | 14.0 | 28.0 | 14.5 | 29.00 | 30.00 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 0 | 41% | 40% | 42% | 42% | 42.1% | 42.8% |
| NPAT Margin | 0 | 13% | 13% | 15% | 16% | 15.9% | 16.5% |
| ROE, % | 0 | 30% | 13% | 30% | 15% | ||
| EBIT/Interest | 0.0 | 6.6 | 5.5 | 7.0 | 6.32 | ||
| Net Debt / Equity | 0 | 0.97 | 1.00 | 0.98 | 1.09 | ||
| CashFlow/Sh, ¢ | 25.0 | 75.0 | 25.0 | 66.7 | 25.0 | 62.0 | 65.1 |
| Y/E Shares, m | 12,443 | 12,443 | 12,443 | 12,443 | 12,444 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns except the first half years which show their percentage of full year EPS. In a handful of cases, unadjusted share splits, or changes between positive and negative values, may give strange changes in ratios. |
Recent News Highlights
As at 24/01/2012 : see details at www.adbri.com.au
| 22/12/2011 |
Russell Research in the media
Stock Picks for Sunday Herald Sun - 12 February 2012
HOLD: Telstra Corporation Limited, TLS $3.40
Don’t underestimate its long-term growth upside. Enjoy its over 8 per cent franked yield.
Wave Chart
Company Overview
Profile
Telstra Corporation
Rating: ♥
Category: Potent Stock ; Large
Action:
Website: www.telstra.com.au
| ASX code: | TLS |
| Closing Price, 20/06/14: | $ 5.170 |
| Market Capitalisation: | $ 64,331 million |
| 52 Week High: | $ 5.40 |
| 52 Week Low: | $ 4.50 |
| Sector: | Integrated Telecommunication Services |
| Index: | S&P/ASX 20 Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 3,424 | 3,865 | 4036.4 | 4129.5 |
| Reported EPS, ¢ | 27.00 | 31.00 | ||
| Adjusted EPS, ¢ | 3813.00 | 32.10 | 33.00 | |
| EPS Growth, % | 4% | 14022% | -99% | 3% |
| P/E Ratio, x | 19.15 | 0.14 | 16.11 | 15.67 |
| Dividend, ¢ | 28.0 | 28.0 | 29.00 | 30.00 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 5.42 | 5.42 | 5.61 | 5.80 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 23 June 2014
Other Highlights
| Sector: | Integrated Telecommunication Services |
| Return on Equity, FY13 : | 30% |
| Net Debt to Equity, FY13 : | 98 % |
| EBIT / Interest Cover, FY13 : | 7.03 x |
| Gicscode: | 50101020 |
| First Listed: | 27-Oct-98 |
Business Activities
Telstra Corporation Limited (TLS) is the gorilla in the telecommunications sector, owning the major fixed phone network, offering local, long distance & international phone calls, mobile and internet services. The NBN impact now appears largely known.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |