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TPG Telecom Limited (TPG) Fair Value & Analysis

Communication Services · AU · Market cap A$7.1B

TT TPG Telecom Limited TPG · AU
PriceA$3.67
Fair ValueA$2.33
Upside-36.5%
Quality95/100
Evidence: High Range A$1.63 – A$2.38

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from A$3.02 to A$2.33 (−22.8%) since Jun 23, 2026. Share price −8.8% over the past month.

Price vs Fair Value (12 months)

A$4.38 A$3.40 Fair Value A$2.33 Jun 2025 Jun 2026

12‑month range A$3.40 – A$4.38 · fair‑value band A$1.63 – A$2.38 · the A$3.67 price screens above the A$2.33 fair value. As of Jun 24, 2026.

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Analysis

TPG Telecom Limited (TPG) currently trades at A$3.67, while our model-based Fair Value estimate is A$2.33 — implying the stock looks roughly 36.5% overvalued today. We read business quality at 95/100 (high quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, TPG Telecom Limited generated revenue of A$5.1B at a net margin of 9.1%. Revenue grew 3.8% year over year. It earns a return on equity of 0.5%. Net debt stands at A$6.7B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$5.1B
Revenue growth (YoY) +3.8%
Net margin 9.1%
Return on equity 0.5%
Free cash flow A$1.5B FY2025
P/E ratio 121.0
More key figures
Operating margin 7.7%
EPS (TTM) A$0.0300
Dividend yield 5.0%
EPS growth (YoY) +109%
Net debt A$6.7B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

TPG Telecom Limited provides telecommunications services to consumer, business, enterprise, and government and wholesale customers in Australia. It also sells mobile handsets, mobile accessory, and fixed modem devices. In addition, the company owns and operates the Vodafone mobile network products. It serves residential and small office/home office customers. It serves its services under the Vodafone, TPG, iiNet, Internode, Lebara, and felix brand names. The company was formerly known as Vodafone Hutchison Australia Limited and changed its name to TPG Telecom Limited in June 2020. TPG Telecom Limited was founded in 1986 and is based in Barangaroo, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TPG Telecom Limited reported revenue of A$5.0B in FY2025 versus A$5.3B in FY2021, a compound −1.2%/yr. Reported net income was A$129M in FY2025, compounding +4.1%/yr from FY2021.

Revenue −1.2%/yr
FY21 A$5.3B
FY22 A$5.4B
FY23 A$5.5B
FY24 A$5.5B
FY25 A$5.0B
Net income +4.1%/yr
FY21 A$110M
FY22 A$513M
FY23 A$49.0M
FY24 −A$107M
FY25 A$129M

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Similar stocks

6 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥97.27 ¥68.44 -30%
SoftBank Group SFTBF $44.85 $68.21 +52%
T-Mobile US, Inc TM5 €160.08 €166.49 +4%
Verizon Communications Inc BAC €39.83 €66.07 +66%
AT&T Inc SOBA €19.54 €45.50 +133%
Deutsche Telekom AG DTE €28.86 €34.75 +20%

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Frequently asked questions

Is TPG Telecom Limited (TPG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$2.33 versus a price of A$3.67 — about −37% (overvalued). Model-based estimate, not financial advice.
What is the fair value of TPG?
Our 21-model fair value for TPG Telecom Limited is A$2.33 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$3.67.
What is the quality score of TPG?
TPG Telecom Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of TPG Telecom Limited (TPG)?
TPG Telecom Limited reported trailing-twelve-month revenue of about A$5.1B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of TPG?
The net profit margin of TPG Telecom Limited is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does TPG Telecom Limited pay a dividend?
TPG Telecom Limited currently shows a dividend yield of about 5.00% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.