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Added to YB: 2025-11-18

Pitch date: 2025-11-14

BT-A.L [neutral]

BT Group plc

+1.83%

current return

Author Info

No bio for this author

Company Info

BT Group plc provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Market Cap

GBP 17.7B

Pitch Price

GBP 1.77

Price Target

N/A

Dividend

4.51%

EV/EBITDA

5.53

P/E

18.87

EV/Sales

1.96

Sector

Diversified Telecommunication Services

Category

value

Show full summary:
Theodosian Capital | Stocks Update 14/11/2025 - BT/A – Bond issue

BT-A.L (update): Issued €850m 7yr bond at 3.375% vs 4.375% avg stack coupon. £2bn cash + £2.1bn undrawn RCF signals potential hybrid bond redemption post-FTTP completion 2026. Net debt >£20bn leaves room for buybacks/deleveraging. Trades 9.4x FY27 EPS, 4.8% yield - undemanding valuation.

Read full article (1 min)