Professional
Added to YB: 2024-05-15
Pitch date: 2024-05-09
TU [bullish]
TELUS Corporation
-10.1%
current return
Author Info
No bio for this author
Company Info
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada.
Market Cap
CAD 31.5B
Pitch Price
CAD 19.61
Price Target
24.00 (+36%)
Dividend
8.21%
EV/EBITDA
11.96
P/E
26.27
EV/Sales
3.00
Sector
Diversified Telecommunication Services
Category
value
Telus Earnings: Management Delivers on Profitability Amid Intensifying Competition
TU: EBITDA +4% & margins +1.5pts to 39.4% in Q1 despite heightened competition. Fiber buildout nearing end, expanding FCF & profits. Narrow moat from wireless scale & wireline cost advantages. CAD33 FVE (10x 2024 EBITDA). Risks: regulation, M&A, Quebecor. Exemplary mgmt: smart investments (wireless, fiber), strong FCF ahead.
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