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TPG Telecom Limited
(Sydney:TPG)
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Rating:58Neutral
Price Target:
AU$3.50
▼(-0.28% Downside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by solid cash flow performance supporting overall financial resilience, partially offset by weak/volatile earnings and rising leverage. Technically, the stock shows subdued momentum (below key moving averages with negative MACD), and valuation is mixed due to a high P/E despite an unusually large dividend yield.
Positive Factors
Strong Cash Generation
Sustained operating cash flow and sharply higher free cash flow strengthen financial flexibility. This supports network investment, debt servicing and ongoing operations, while reducing reliance on external funding despite uneven reported earnings.
Negative Factors
Declining Revenue Trend
Flat-to-declining revenue limits operating leverage and makes it harder to grow earnings without cost reductions. Persistent weakness could reflect competitive pressure, slower subscriber expansion or pricing constraints across telecommunications services.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Sustained operating cash flow and sharply higher free cash flow strengthen financial flexibility. This supports network investment, debt servicing and ongoing operations, while reducing reliance on external funding despite uneven reported earnings.
Read all positive factors
TPG Telecom Limited (TPG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.56B
Dividend Yield44.53%
Average Volume (3M)2.59M
Price to Earnings (P/E)70.8
Beta (1Y)0.32
Revenue Growth-4.55%
EPS GrowthN/A
CountryAU
Employees2,745
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.05
Shares Outstanding1,963,029,400
10 Day Avg. Volume2,946,361
30 Day Avg. Volume2,588,839
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.82
Price to Sales (P/S)1.40
P/FCF Ratio4.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$3.98Price Target Upside13.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$5.07B
TPG Telecom Limited Business Overview & Revenue Model
Company Description
TPG Telecom Limited delivers a comprehensive range of telecommunications services to a diverse clientele, spanning individual consumers, businesses of all sizes, government bodies, and wholesale partners. The company maintains and operates extensi...
How the Company Makes Money
TPG makes money primarily by selling telecommunications services on a recurring subscription basis and through usage-based charges. Its key revenue streams typically include: (1) Mobile services revenue: monthly access fees from postpaid mobile pl...
TPG Telecom Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
58
Neutral
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.02B | 5.04B | 5.52B | 5.53B | 5.42B | 5.29B |
| Gross Profit | 786.00M | 799.00M | 3.20B | 764.00M | 676.00M | 636.00M |
| EBITDA | 1.65B | 1.65B | 1.34B | 1.54B | 2.14B | 1.73B |
| Net Income | 103.00M | 129.00M | -107.00M | 49.00M | 513.00M | 110.00M |
Balance Sheet | ||||||
| Total Assets | 14.10B | 15.23B | 19.09B | 19.67B | 20.33B | 20.13B |
| Cash, Cash Equivalents and Short-Term Investments | 55.00M | 72.00M | 42.00M | 116.00M | 114.00M | 202.00M |
| Total Debt | 4.18B | 6.77B | 6.30B | 6.31B | 5.66B | 5.71B |
| Total Liabilities | 5.57B | 6.56B | 7.92B | 8.05B | 8.43B | 8.41B |
| Stockholders Equity | 8.53B | 8.67B | 11.17B | 11.62B | 11.90B | 11.72B |
Cash Flow | ||||||
| Free Cash Flow | 1.53B | 1.50B | 1.14B | 660.00M | 79.00M | 532.00M |
| Operating Cash Flow | 2.03B | 2.09B | 1.93B | 1.52B | 1.07B | 1.47B |
| Investing Cash Flow | 3.83B | 3.78B | -1.16B | -1.15B | -97.00M | -920.00M |
| Financing Cash Flow | -5.86B | -5.84B | -838.00M | -370.00M | -1.06B | -467.00M |
TPG Telecom Limited Technical Analysis
Positive
3.51
Price Trends
3.62
Positive
3.84
Positive
3.83
Positive
Market Momentum
0.05
Negative
69.88
Neutral
91.13
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TPG, the sentiment is Positive. The current price of 3.51 is below the 20-day moving average (MA) of 3.63, below the 50-day MA of 3.62, and below the 200-day MA of 3.83, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 69.88 is Neutral, neither overbought nor oversold. The STOCH value of 91.13 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TPG.
TPG Telecom Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$1.58B | 86.51 | 4.27% | ― | 21.56% | 1694.74% | |
65 Neutral | AU$1.48B | 38.93 | 5.50% | 1.04% | 9.12% | 7.51% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | AU$1.15B | 81.26 | 1.98% | ― | 30.34% | 426.42% | |
59 Neutral | AU$52.26B | 23.13 | 17.30% | 4.01% | -0.81% | 5.46% | |
58 Neutral | AU$7.56B | 70.78 | 1.31% | 49.86% | -4.55% | ― | |
58 Neutral | AU$1.53B | 64.99 | 5.01% | ― | 5.50% | -7.85% |
* Communication Services Sector Average
AU:TPG
TPG Telecom Limited
3.84
0.20
5.49%
AU:TLS
Telstra Corporation Limited
4.58
-0.10
-2.24%
AU:SLC
Superloop Ltd.
2.98
0.13
4.56%
AU:MAQ
Macquarie Telecom Group Limited
60.55
-5.33
-8.09%
AU:TUA
Tuas Ltd.
2.17
-5.76
-72.64%
AU:ABB
Aussie Broadband Ltd.
4.60
-0.57
-11.03%
TPG Telecom Limited Corporate Events
TPG Telecom Sets Webcast for Half-Year 2026 Financial Results
Aug 3, 2026
TPG Telecom Limited will release its financial results for the half year ended 30 June 2026 on 21 August 2026, with a webcast presentation led by Chief Executive Officer Iñaki Berroeta and Group Chief Financial Officer John Boniciolli. The li...
TPG Telecom to Present 2026 Investor Day and First-Half Trading Update
Jun 1, 2026
TPG Telecom has announced that its CEO and senior management will present a detailed 2026 Investor Day briefing in Sydney, including a trading update for the first half of 2026. The event, aimed at investors and market participants, will be webcas...
TPG Telecom Names Nerida Caesar as New Director with No Initial Shareholding
May 31, 2026
TPG Telecom Limited has appointed Nerida Frances Caesar as a director, effective 1 June 2026, and lodged the required initial director’s interest notice with the ASX. The filing states that Caesar currently holds no relevant interests in TPG...
TPG Telecom grants new equity incentives to director Iñaki Berroeta
May 21, 2026
TPG Telecom has disclosed a change in the interests of director Iñaki Berroeta, reflecting new equity-based incentives granted under the company’s remuneration framework. Berroeta received additional deferred share rights linked to the ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.