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Telecom Plus
(LSE:TEP)
Select Model
Select Model
Rating:63Neutral
Price Target:
917.00 p
▲(6.26% Upside)
Action:Reiterated
Date:06/25/26
The score is held back mainly by very weak technicals (price below all major moving averages and negative momentum). Financial performance is moderately solid on improving margins and strong ROE but is offset by rising leverage and volatile cash flow. Valuation is a key support due to the low P/E and very high dividend yield.
Positive Factors
Bundled recurring model
The bundled subscription model can deepen customer relationships and raise lifetime value by combining essential energy and communications services. Cross-selling multiple services may support retention, recurring revenue visibility, and more efficient customer acquisition over the next several quarters.
Negative Factors
Rising leverage
The substantial increase in debt relative to equity reduces financial flexibility and makes the company more exposed if earnings or cash flow weaken. Higher leverage can constrain investment and shareholder distributions while increasing the importance of stable operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
Bundled recurring model
The bundled subscription model can deepen customer relationships and raise lifetime value by combining essential energy and communications services. Cross-selling multiple services may support retention, recurring revenue visibility, and more efficient customer acquisition over the next several quarters.
Read all positive factors
Telecom Plus (TEP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£669.43M
Dividend Yield5.81%
Average Volume (3M)380.45K
Price to Earnings (P/E)8.5
Beta (1Y)0.60
Revenue Growth5.60%
EPS Growth5.05%
CountryUK
Employees2,051
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)1.01
Shares Outstanding77,893,940
10 Day Avg. Volume243,058
30 Day Avg. Volume380,453
Financial Highlights & Ratios
PEG Ratio2.46
Price to Book (P/B)3.86
Price to Sales (P/S)0.53
P/FCF Ratio9.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£950.00Price Target Upside10.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.83
Revenue Forecast (FY)£2.05B
Telecom Plus Business Overview & Revenue Model
Company Description
Telecom Plus Plc, established in 1996 and headquartered in London, UK, operates as a significant provider of diverse essential services throughout the United Kingdom. The company's extensive portfolio encompasses utility offerings like gas and ele...
How the Company Makes Money
Telecom Plus makes money by selling subscription-based utility and telecom services to customers, typically encouraging customers to take multiple services in a bundle under the Utility Warehouse brand. Its revenue is primarily derived from recurr...
Telecom Plus Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.94B | 1.84B | 2.04B | 2.48B | 967.43M |
| Gross Profit | 377.94M | 358.07M | 355.21M | 294.97M | 177.25M |
| EBITDA | 153.20M | 142.13M | 131.35M | 106.03M | 70.26M |
| Net Income | 80.67M | 76.10M | 71.04M | 68.43M | 35.47M |
Balance Sheet | |||||
| Total Assets | 799.20M | 736.39M | 651.39M | 794.74M | 465.79M |
| Cash, Cash Equivalents and Short-Term Investments | 91.45M | 79.02M | 57.83M | 193.80M | 29.65M |
| Total Debt | 234.52M | 194.88M | 180.33M | 90.38M | 99.98M |
| Total Liabilities | 532.43M | 484.88M | 418.76M | 564.03M | 260.21M |
| Stockholders Equity | 266.77M | 251.51M | 232.63M | 230.71M | 206.48M |
Cash Flow | |||||
| Free Cash Flow | 106.62M | 91.58M | -144.98M | 221.11M | 38.86M |
| Operating Cash Flow | 107.07M | 108.75M | -132.49M | 232.13M | 48.80M |
| Investing Cash Flow | -63.49M | -26.08M | -8.15M | -11.52M | -8.38M |
| Financing Cash Flow | -31.15M | -61.48M | 4.66M | -57.16M | -35.12M |
Telecom Plus Technical Analysis
Positive
863.00
Price Trends
837.73
Positive
951.81
Negative
1153.87
Negative
Market Momentum
-0.44
Positive
51.02
Neutral
27.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TEP, the sentiment is Positive. The current price of 863 is above the 20-day moving average (MA) of 860.30, above the 50-day MA of 837.73, and below the 200-day MA of 1153.87, indicating a neutral trend. The MACD of -0.44 indicates Positive momentum. The RSI at 51.02 is Neutral, neither overbought nor oversold. The STOCH value of 27.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TEP.
Telecom Plus Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £284.26M | 6.05 | 51.00% | 4.09% | 8.51% | 7.04% | |
72 Outperform | £134.82M | 12.46 | 4.19% | 4.97% | 3.31% | -8.63% | |
67 Neutral | £6.78B | 9.39 | 21.92% | 3.79% | 0.27% | ― | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | £669.43M | 8.52 | 32.38% | 5.81% | 5.60% | 5.05% | |
60 Neutral | £28.96B | 23.54 | 9.45% | 2.86% | 0.54% | -2.65% | |
59 Neutral | £2.69B | 53.17 | 1.10% | 5.87% | -7.78% | -91.96% |
* Utilities Sector Average
GB:TEP
Telecom Plus
861.00
-917.34
-51.58%
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440.00
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-1.85%
GB:SSE
SSE
2,401.00
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49.77%
GB:YU
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1,640.00
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3.48%
Telecom Plus Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus boosts treasury stock with latest share buyback
Positive
Sep 7, 2026
Telecom Plus PLC has repurchased a total of 94,838 ordinary shares of 5 pence each on the London Stock Exchange between 1 and 4 September 2026, at volume-weighted average prices ranging from about 841.77p to 855.71p per share. The shares were acqu...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus Adds to Treasury Stock with Further Share Buybacks
Positive
Sep 1, 2026
Telecom Plus PLC has continued its share buyback programme, acquiring a total of 134,058 ordinary shares between 24 and 28 August 2026 on the London Stock Exchange at volume-weighted average prices ranging from about 856p to 872p. The company inte...
Regulatory Filings and Compliance
Telecom Plus Updates Share Capital and Voting Rights Structure
Neutral
Aug 28, 2026
Telecom Plus PLC has confirmed that, as of 28 August 2026, it has 77,791,476 ordinary shares in issue excluding treasury shares, with 3,824,369 shares held in treasury. The total number of voting rights stands at 77,791,476, and this figure will s...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus Boosts Treasury Stock with Targeted Share Buyback
Neutral
Aug 24, 2026
Telecom Plus PLC has repurchased a total of 146,185 ordinary shares of 5p each on the London Stock Exchange between 17 and 21 August 2026, at volume-weighted average prices around 872p to 878p per share, via Investec Bank PLC. The company intends ...
Business Operations and StrategyExecutive/Board Changes
Telecom Plus Executives Lift Stakes After Incentive Share Awards
Positive
Aug 20, 2026
Telecom Plus has disclosed that chief executive Stuart Burnett and chief financial officer Nick Schoenfeld have significantly increased their personal stakes in the company through the exercise and vesting of share incentive awards. Burnett acquir...
Regulatory Filings and Compliance
Telecom Plus Discloses Director’s Small-Scale Bed and ISA Share Deal
Neutral
Aug 20, 2026
Telecom Plus PLC has disclosed that non-executive director Gemma Godfrey carried out a “Bed and ISA” transaction in the company’s ordinary shares on 20 August 2026. She sold 637 shares at 872.62p each and immediately bought 628 s...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Telecom Plus AGM backs all resolutions but investors flag pay concerns
Neutral
Aug 17, 2026
Telecom Plus reported that all resolutions at its 2026 annual general meeting were approved by shareholders, including the receipt of the annual report, re-election of all directors, declaration of a 12.0p final dividend, reappointment of KPMG as ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus boosts treasury stock with latest share buyback
Positive
Aug 17, 2026
Telecom Plus PLC has repurchased 162,032 ordinary shares between 10 and 14 August 2026, at prices ranging from 835p to 857p and a volume-weighted average price of 850.25p, as part of its previously announced share buyback programme. The company pl...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Telecom Plus posts strong start to five-year growth plan and reaffirms FY27 guidance
Positive
Aug 17, 2026
Telecom Plus reported a strong start to its new five-year growth plan, with annualised multiservice customer growth in the first four months of FY27 running slightly above its 10% target and more than 2.5 times last year’s pace. The Partner ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus Boosts Treasury Stock with Latest Share Buyback
Positive
Aug 10, 2026
Telecom Plus has repurchased 185,000 ordinary shares between 3 and 7 August 2026 via Peel Hunt at prices ranging from 849p to 870.5p, with a volume-weighted average price of 863.09p, as part of its ongoing share buyback programme announced in June...
Business Operations and StrategyRegulatory Filings and Compliance
Telecom Plus Non-Executive Directors Boost Shareholdings in Governance-Aligned Move
Positive
Aug 4, 2026
Telecom Plus PLC has disclosed that its independent non-executive directors collectively acquired 3,234 ordinary shares in the company on 3 August 2026, in line with commitments set out in the FY26 Directors’ Remuneration Report. The transac...
Business Operations and StrategyExecutive/Board Changes
Telecom Plus Aligns Executive Pay with Long-Term Incentive Share Options
Positive
Aug 3, 2026
Telecom Plus PLC has granted new share options to its chief executive officer and chief financial officer under the Telecom Plus Incentive Plan, aligning executive pay with shareholder interests. The awards, representing 70% of the executives̵...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus Boosts Treasury Stock with Latest Share Buyback
Positive
Aug 3, 2026
Telecom Plus PLC has repurchased 160,000 ordinary shares between 27 and 31 July 2026 under its ongoing share buyback programme, at prices ranging from 850p to 867p and a volume-weighted average price of 858.79p. The shares will be held in treasury...
Regulatory Filings and Compliance
Telecom Plus Confirms Total Voting Rights and Share Capital
Neutral
Jul 31, 2026
Telecom Plus PLC has confirmed that its total issued ordinary share capital currently stands at 78,060,364 shares of 5 pence each, excluding 3,178,684 shares held in treasury. After accounting for treasury stock and shares in the JSOP Share Trust ...
Business Operations and StrategyDelistings and Listing Changes
Telecom Plus Adds Shares to LSE Listing Under Employee Option Schemes
Neutral
Jul 29, 2026
Telecom Plus PLC has increased its listed share capital on the London Stock Exchange Main Market, admitting an additional 18,315 ordinary shares of £0.05 each under its existing block listings. The new shares, issued in connection with the co...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus Adds to Treasury Stock with Latest Share Buyback
Positive
Jul 27, 2026
Telecom Plus PLC has continued its previously announced share buyback programme, repurchasing 319,075 ordinary shares between 20 and 24 July 2026 on the London Stock Exchange at prices ranging from 847p to 889p, with a volume-weighted average of 8...
Business Operations and StrategyStock Buyback
Telecom Plus Boosts Treasury Stock with Latest Share Buyback
Positive
Jul 20, 2026
Telecom Plus PLC has repurchased 504,956 ordinary shares between 13 and 17 July 2026 via Peel Hunt LLP as part of its previously announced share buyback programme. The shares, bought at prices ranging from 861p to 886p with a volume-weighted avera...
Regulatory Filings and Compliance
Telecom Plus Non-Executive Director Boosts Stake with Share Purchase
Positive
Jul 20, 2026
Telecom Plus PLC has disclosed that non-executive director Carla Stent purchased 2,833 ordinary shares in the company on 17 July 2026, in a transaction executed on the London Stock Exchange at a price of £8.80 per share. The director dealing,...
Regulatory Filings and Compliance
Telecom Plus director and PCA boost holdings with July share purchases
Positive
Jul 14, 2026
Telecom Plus PLC disclosed that non-executive director Philip Bunker and his wife Caroline, classified as a person closely associated, purchased a combined 5,655 ordinary shares in the company on 14 July 2026. The transactions, executed on the Lon...
Stock BuybackRegulatory Filings and Compliance
Telecom Plus Adds to Treasury Stock Under Ongoing Share Buyback Programme
Positive
Jul 13, 2026
Telecom Plus PLC has continued executing its previously announced share buyback programme, repurchasing 122,656 ordinary shares between 6 and 10 July 2026 on the London Stock Exchange at a volume‑weighted average price of 792.35 pence. The r...
Other
Telecom Plus chairman lifts stake to nearly 12% with £2.1m share purchase
Positive
Jul 10, 2026
Telecom Plus PLC has disclosed that its chairman, Charles Wigoder, purchased 250,000 ordinary shares in the company on 10 July 2026 on the London Stock Exchange, in a transaction valued at about £2.1 million. Following this acquisition, Wigod...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Telecom Plus Publishes 2026 Report and AGM Documentation
Neutral
Jul 10, 2026
Telecom Plus PLC has dispatched its Annual Report and Accounts for the year to 31 March 2026, alongside the circular and formal notice convening its 2026 Annual General Meeting, plus proxy forms, to shareholders. These documents, which detail the ...
Stock BuybackRegulatory Filings and Compliance
Telecom Plus Boosts Buyback Programme With New Treasury Share Purchases
Positive
Jul 6, 2026
Telecom Plus PLC has initiated share repurchases under its recently announced buyback programme, acquiring 702,611 ordinary shares between 29 June and 03 July 2026 at prices ranging from 713p to 790p, with a volume-weighted average of 755.27p. The...
Business Operations and StrategyDelistings and Listing Changes
Telecom Plus Seeks LSE Admission for New Incentive Plan Shares
Positive
Jun 30, 2026
Telecom Plus has applied for the block admission of 215,682 new ordinary shares of 5 pence each to the main market of the London Stock Exchange. These shares will be issued upon the exercise of options granted under the Telecom Plus Incentive Plan...
Regulatory Filings and Compliance
Telecom Plus Confirms Share Capital and Voting Rights
Neutral
Jun 30, 2026
Telecom Plus PLC has confirmed that its issued ordinary share capital, excluding treasury shares, stands at 79,643,409 shares of 5 pence each, with a further 1,594,386 shares held in treasury. The company also disclosed that 252,638 shares are hel...
Business Operations and StrategyStock Buyback
Telecom Plus boosts capital returns with latest share buyback
Positive
Jun 29, 2026
Telecom Plus has executed a share buyback between 20 and 26 June 2026, repurchasing 286,681 ordinary shares at prices ranging from 717p to 797p and a volume-weighted average price of 754.06p. The shares, acquired via Peel Hunt on the London Stock ...
Regulatory Filings and Compliance
Telecom Plus Discloses Share Purchase by Non-Executive Director
Positive
Jun 24, 2026
Telecom Plus PLC has disclosed that non-executive director Suzanne (Suzi) Williams purchased 3,339 ordinary shares in the company on 24 June 2026. The shares were acquired on the London Stock Exchange at a price of £7.44571 per share, as requ...
Regulatory Filings and Compliance
Telecom Plus Director Increases Stake With Share Purchase
Positive
Jun 24, 2026
Telecom Plus PLC disclosed that non-executive director Gemma Godfrey purchased 1,367 ordinary shares in the company on 24 June 2026, at a price of £7.25685 per share on the London Stock Exchange. The director share purchase signals internal c...
Business Operations and StrategyStock BuybackFinancial Disclosures
Telecom Plus Launches £40m Share Buyback to Cut Share Capital
Positive
Jun 23, 2026
Telecom Plus has launched a new share buyback programme of up to £40 million in ordinary shares, following the release of its full-year results and in line with its revised distribution policy. The programme, which starts immediately and runs...
Other
Telecom Plus insiders invest £4.1m in additional shares
Positive
Jun 23, 2026
Telecom Plus PLC has disclosed significant on-market purchases of its ordinary shares by senior management and related parties, totalling approximately £4.1 million. Chairman Charles Wigoder acquired 500,000 shares, lifting his total interest...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Telecom Plus lifts profits, launches £40m buyback and unveils five-year growth plan
Positive
Jun 23, 2026
Telecom Plus, trading as Utility Warehouse, reported another year of growth for the 12 months to 31 March 2026, with revenues rising 5.6% to £1.94bn and adjusted pre-tax profit up 4.7% to £132.2m, while total customers increased 23.3% to...
Business Operations and StrategyFinancial Disclosures
Telecom Plus targets doubling multiservice customers in five-year growth drive
Positive
Jun 23, 2026
Telecom Plus has unveiled a five-year strategy aimed at doubling its base of high-value multiservice customers from about 500,000 to more than 1 million by FY31, reinforcing its focus on bundled energy, telecoms and insurance services. The plan fo...
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.