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Telecom Plus Plc TEP.L

GB · London Stock Exchange · XLON · stock · Utilities · website

Telecom Plus Plc statistics & valuation

Market cap£671.5M
P / E8.3×
P / S0.3×
P / B2.5×
P / FCF12.4×
Net margin4.2%
FCF margin2.8%
Net debt£143.1M
Enterprise value USD$1.1B
Earnings yield EBIT/EV20.5%
Return on capital33.3%
Graham number -99%£8.78

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£8.78); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.80% 3.50% 4.10% 4.20% 2023202420252026
Gross margin (%)
12.40% 17.40% 19.50% 20.00% 2023202420252026
Operating margin (%)
4.60% 6.70% 8.40% 8.60% 2023202420252026
Return on equity (%)
29.70% 30.50% 30.30% 30.20% 2023202420252026
Shares outstanding
77.8M 77.8M 77.8M 77.8M 2023202420252026
Net debt (£)
-£103.4M £122.5M £115.9M £143.1M 2023202420252026
Share buybacks (£)
£0 £10.2M £0 £1000 2023202420252026
Return on assets (%)
8.60% 10.90% 10.30% 10.10% 2023202420252026
Free cash flow margin (%)
9.10% -7.10% 5.00% 2.80% 2023202420252026
Debt / equity (×)
0.39× 0.78× 0.77× 0.88× 2023202420252026
EPS (£)
£0.85 £0.89 £0.95 £1.00 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Telecom Plus Plc trades at about 863.9× earnings — below its 10-year norm (10-year range 1171.2×–2119.7×, median 1989.5×).

863.9× 2119.7×

Shaded band = 10-year range (1171.2×–2119.7×); dot = today's 863.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin20.0%19.5%17.4%12.4%
Operating margin8.6%8.4%6.7%4.6%
Net margin4.2%4.1%3.5%2.8%
FCF margin2.8%5.0%-7.1%9.1%
Return on assets10.1%10.3%10.9%8.6%
Return on equity30.2%30.3%30.5%29.7%
Debt / equity0.87×0.76×0.76×0.39×
Current ratio1.701.731.771.20

Computed from company filings · GB · as of 2025-03-31. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.