Added to YB: 2026-07-29
Pitch date: 2026-07-24
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 19.0B
Pitch Price
N/A
Price Target
N/A
Dividend
4.31%
EV/EBITDA
5.72
P/E
17.87
EV/Sales
2.02
Sector
Diversified Telecommunication Services
Category
value
Theodosian Capital | Stocks Update 24/7/2026 - BT/A – Steady update
BT-A.L (update): Q1 update solid, all FY27/30 guidance reaffirmed. Fibre now 54% of broadband rev; FTTP on track for 25m premises by Dec. Cost transformation strong (labour -8%, Openreach repairs -21% y/y). FCF to step up from ~£2bn (FY27) to ~£3bn (FY30) + pension paydown = major deleveraging, transferring value to equity. UK service rev/EBIDA -1% y/y. Verizon Intl JV supports UK-only pivot. 10.2x FY28 earnings, 4.6% yield.
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