AUS
NZ
UK
CA
USA
IND
Highlights
- Telstra is an Australia based company that provides retail mobile calling services, retail bundle and data services
- In FY23, TLS’ income jumped by 5.4% YoY to AUD 23.2 billion
- Vanguard Investments Australia Ltd. has highest stake in TLS with a shareholding of 2.01%
Australia-based technology and telecommunications firm, Telstra Group Limited (ASX:TLS) offers nearly 22.5 million retail mobile services and 3.4 million retail bundle and data services.
The AUD 46.56 billion market cap company recorded a 5.4% YoY jump in total income to AUD 23.2 billion in the financial year 2023 (FY23). NPAT during the reported period increased by 13.1% YoY to AUD 2.1 billion, while earnings per share grew by 16% YoY to 16.7 cents.
The yearly performance was driven by mobile business. During the reported period, earnings grew in the international, infrastructure, consumer and small business fixed line and health businesses. Moreover, the company reported progress on its T25 strategy.
Top 10 shareholders of TLS
The top 10 shareholders of TLS have around 7.87% shareholding in the company, while the top four have around 5.04% shareholding. The top two shareholders of TLS are Vanguard Investments Australia Ltd. and Norges Bank Investment Management (NBIM), with a shareholding of ~2.01% and ~1.26%, respectively.
Recent business update
Through an ASX update dated 6 February 2024, that company said Oliver Camplin-warner would succeed David Burns as the group executive of TLS, effective from 1 March 2024.
Presently, Olver is the head of Telstra Purple. David would leave the firm at the end of February 2024.
Outlook
In the financial year 2024 (FY24), TLS expects to report total income of AUD 22.8-24.8 billion and underlying EBITDA of AUD 8.2-8.4 billion. In FY24, the estimated capex is AUD 3.6-3.7 billion and expected free cashflow after lease payments is AUD 2.8 – 3.2 billion.
The focus is on investment and technology evolution, tapping mergers and acquisition opportunities, maintaining balance sheet and driving growth through digital infrastructure.
Share performance of TLS
TLS shares closed at AUD 3.98 apiece on 12 February 2024. In the last one year, TLS’ share price has decreased by 3.16% and in the past nine months, it has dropped by almost 7.87%.
The 52-week high of TLS is AUD 4.46, recorded on 21 June 2023, while the 52-week low is AUD 3.75, recorded on 29 November 2023.
TLS Daily Technical Chart, Source: EODHD/Others
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 12 February 2024. The reference data in this report has been partly sourced from EODHD/Others.
Disclaimer
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