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Telecom Plus
(LSE:TEP)
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Rating:66Neutral
Price Target:
971.00 p
â–²(12.51% Upside)
Action:Reiterated
Date:09/25/26
The score is driven primarily by solid financial performance (improving margins and very strong ROE), balanced by rising leverage and cash-flow volatility. Valuation is a clear positive (low P/E and high dividend yield), but technicals remain a notable headwind as the stock trades below major moving averages with negative MACD.
Positive Factors
Improving Profitability
The broad improvement across gross, net, and EBITDA margins indicates stronger operating economics rather than progress in only one profitability measure. If maintained, better margins can support reinvestment, strengthen resilience against cost pressures, and improve sustainable earnings generation.
Negative Factors
Volatile Revenue Growth
The sharp revenue decline followed by only modest recovery indicates an uneven top-line trajectory. This volatility makes future scale harder to forecast, can limit operating leverage, and reduces confidence that recent margin gains will be supported by consistently expanding demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The broad improvement across gross, net, and EBITDA margins indicates stronger operating economics rather than progress in only one profitability measure. If maintained, better margins can support reinvestment, strengthen resilience against cost pressures, and improve sustainable earnings generation.
Read all positive factors
Telecom Plus (TEP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£684.84M
Dividend Yield5.57%
Average Volume (3M)315.76K
Price to Earnings (P/E)8.9
Beta (1Y)0.62
Revenue Growth5.60%
EPS Growth5.05%
CountryUK
Employees2,051
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)1.01
Shares Outstanding76,405,980
10 Day Avg. Volume252,107
30 Day Avg. Volume315,756
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
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 supplying bundled household utility and telecom services to customers in the UK under the Utility Warehouse brand. Its revenue model is primarily based on recurring customer bills (usage-based charges for energy and ser...
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
845.00
Positive
845.79
Positive
1042.63
Negative
Market Momentum
18.66
Negative
65.36
Neutral
71.90
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 below the 20-day moving average (MA) of 869.00, above the 50-day MA of 845.00, and below the 200-day MA of 1042.63, indicating a neutral trend. The MACD of 18.66 indicates Negative momentum. The RSI at 65.36 is Neutral, neither overbought nor oversold. The STOCH value of 71.90 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | £298.99M | 5.51 | 52.83% | 4.00% | 13.50% | -0.95% | |
72 Outperform | £135.12M | 12.49 | 4.19% | 4.96% | 3.31% | -8.63% | |
66 Neutral | £684.84M | 8.89 | 32.38% | 5.57% | 5.60% | 5.05% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
60 Neutral | £32.14B | 25.95 | 9.45% | 2.60% | 0.54% | -2.65% | |
59 Neutral | £2.77B | 54.87 | 1.10% | 5.80% | -7.78% | -91.96% | |
57 Neutral | £7.05B | 9.76 | 21.92% | 3.64% | 0.27% | ― |
* Utilities Sector Average
GB:TEP
Telecom Plus
898.00
-822.72
-47.81%
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155.70
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823.00
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GB:JEL
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441.00
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-2.66%
GB:SSE
SSE
2,647.00
776.63
41.52%
GB:YU
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1,725.00
195.12
12.75%
Telecom Plus Corporate Events
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus Increases Treasury Stock Through Share Buybacks
Positive
Oct 19, 2026
Telecom Plus PLC has continued its share buyback activity, acquiring a total of 101,284 ordinary shares between 12 and 16 October 2026 on the London Stock Exchange via Investec Bank PLC. The company plans to hold these repurchased shares in treasu...
Business Operations and StrategyStock Buyback
Telecom Plus Tightens Free Float With Latest Treasury Share Buyback
Positive
Oct 12, 2026
Telecom Plus PLC has carried out a share buyback, repurchasing tranches of its 5p ordinary shares on the London Stock Exchange between 5 and 9 October 2026 via Investec Bank PLC at prices ranging from 805p to 859p. The company intends to hold all ...
Business Operations and StrategyStock BuybackFinancial Disclosures
Telecom Plus lifts customer growth and holds guidance as five-year plan gathers pace
Positive
Oct 6, 2026
Telecom Plus reported strong first-half trading as it executes its new five-year plan, with multiservice organic customers rising at an annualised rate above 11% and total organic customers reaching about 1.32 million, helped by an expanding partn...
Business Operations and StrategyStock Buyback
Telecom Plus Boosts Treasury Stock With Latest Share Buyback
Positive
Oct 5, 2026
Telecom Plus PLC has undertaken a series of share repurchases on the London Stock Exchange between 28 September and 2 October 2026, buying back ordinary shares at volume-weighted average prices in the low-800p range. The transactions were executed...
Regulatory Filings and Compliance
Telecom Plus Confirms Share Capital and Voting Rights Structure
Neutral
Sep 30, 2026
Telecom Plus PLC has confirmed that its issued ordinary share capital, excluding treasury shares, stands at 76,850,777 shares, which also represents the total number of voting rights in the company. A further 4,798,281 shares are held in treasury,...
Regulatory Filings and Compliance
Telecom Plus Updates Total Voting Rights and Share Capital
Positive
Sep 30, 2026
Telecom Plus PLC has confirmed that its total ordinary share capital currently comprises 76,850,777 shares in issue, excluding 4,798,281 shares held in treasury, and that these issued shares represent the full voting rights in the company. The dis...
Business Operations and StrategyStock Buyback
Telecom Plus Builds Treasury Position with Latest Share Buyback
Positive
Sep 28, 2026
Telecom Plus PLC has repurchased a total of 251,596 ordinary shares of 5p each on the London Stock Exchange between 21 and 25 September 2026, at volume-weighted average prices ranging from about 799p to 829p per share. The company intends to hold ...
Business Operations and StrategyRegulatory Filings and Compliance
Telecom Plus Admits Additional Shares Linked to Employee Incentive Plans
Neutral
Sep 28, 2026
Telecom Plus PLC has increased the number of its ordinary shares in issue through the admission to trading of 410,010 additional shares on the London Stock Exchange’s Main Market. These new shares, fully fungible with existing stock, arise f...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus Tightens Free Float with Latest Share Buybacks
Positive
Sep 21, 2026
Telecom Plus PLC has executed a series of share buybacks on the London Stock Exchange between 14 and 18 September 2026, purchasing a total of over 180,000 ordinary shares through Investec Bank. The company plans to hold these repurchased shares in...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Telecom Plus Expands Treasury Stock With Fresh Share Buybacks
Neutral
Sep 14, 2026
Telecom Plus PLC has continued its share buyback programme, repurchasing a series of ordinary 5p shares on the London Stock Exchange between 7 and 11 September 2026 at volume-weighted average prices ranging from roughly 794p to 859p. The purchases...
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 ...
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.