Added to YB: 2026-05-26
Pitch date: 2026-05-22
BT-A.L [neutral]
BT Group plc
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 22.0B
Pitch Price
N/A
Price Target
N/A
Dividend
3.70%
EV/EBITDA
5.44
P/E
20.81
EV/Sales
2.17
Sector
Diversified Telecommunication Services
Category
turnaround
Theodosian Capital | Stocks Update 22/5/2026 - BT/A – Capital credentials; Bharti
BT-A.L (update): Solid FY26 results, inflection as FTTP capex ends Dec 2026, FCF to jump from £2.0bn FY27 to £3.0bn by decade-end. FY27 guide: £19.0-19.5bn rev, £8.2-8.3bn EBITDA, £2.0bn FCF. DPS +2% to 8.32p, mgmt targets low-mid single-digit DPS growth until BBB+ rating, then enhanced distributions. Net debt £20.0bn stable. Bharti (24.95% owner) may raise stake near 29.9% threshold. Trades 12.6x FY27 EPS, 3.8% yield.
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