Telecom Plus PLC (GB:TEP)
LSE:TEP
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Telecom Plus
(LSE:TEP)
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Rating:63Neutral
Price Target:
1,338.00 p
▼(-2.34% Downside)
Action:ReiteratedDate:12/07/25
Telecom Plus's overall stock score reflects a mixed outlook. The most significant strength is the company's strong customer growth and strategic expansion, which supports future growth prospects. However, the bearish technical indicators and revenue decline pose risks. The attractive valuation and high dividend yield provide a buffer, making it appealing for income-focused investors despite the current technical weakness.
Positive Factors
Bundled recurring revenue model
Telecom Plus's bundled multi-utility model creates durable recurring revenue and higher ARPU through cross-sell. Bundling boosts retention and spreads fixed costs, supporting stable cash flow and margin sustainability across economic cycles over the next several months to years.
Negative Factors
Material revenue decline
A notable revenue drop undermines margin improvements and questions growth sustainability. If the decline reflects lost customers or pricing pressure, fixed-cost absorption and long-term investment capacity are constrained until the company stabilises top-line trends.
Read all positive and negative factors
Positive Factors
Negative Factors
Bundled recurring revenue model
Telecom Plus's bundled multi-utility model creates durable recurring revenue and higher ARPU through cross-sell. Bundling boosts retention and spreads fixed costs, supporting stable cash flow and margin sustainability across economic cycles over the next several months to years.
Read all positive factors
Telecom Plus (TEP) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.07B
Dividend Yield7.01%
Average Volume (3M)95.11K
Price to Earnings (P/E)21.1
Beta (1Y)0.78
Revenue Growth1.71%
EPS Growth-12.49%
CountryUK
Employees2,493
SectorUtilities
Sector Strength65
IndustryDiversified Utilities
Share Statistics
EPS (TTM)0.31
Shares Outstanding80,087,170
10 Day Avg. Volume73,105
30 Day Avg. Volume95,112
Financial Highlights & Ratios
PEG Ratio2.71
Price to Book (P/B)5.47
Price to Sales (P/S)0.75
P/FCF Ratio15.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.36
Revenue Forecast (FY)£2.05B
Telecom Plus Business Overview & Revenue Model
Company Description
Telecom Plus Plc provides a range of utility services in the United Kingdom. It offers various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home ...
How the Company Makes Money
Telecom Plus makes money by acquiring and servicing customers for multiple utility and telecom products, earning recurring revenue from ongoing customer contracts and usage. Its core revenue streams come from: (1) Telecommunications services—month...
Telecom Plus Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.88B | 1.84B | 2.04B | 2.48B | 967.43M | 861.20M |
| Gross Profit | 336.66M | 358.07M | 355.21M | 294.97M | 177.25M | 161.87M |
| EBITDA | 130.37M | 142.13M | 131.35M | 106.03M | 70.26M | 65.07M |
| Net Income | 66.17M | 76.10M | 71.04M | 68.43M | 35.47M | 32.58M |
Balance Sheet | ||||||
| Total Assets | 662.45M | 736.39M | 651.39M | 794.74M | 465.79M | 462.66M |
| Cash, Cash Equivalents and Short-Term Investments | 90.89M | 79.02M | 57.83M | 193.80M | 29.65M | 25.06M |
| Total Debt | 234.77M | 194.88M | 180.33M | 90.38M | 99.98M | 96.47M |
| Total Liabilities | 430.89M | 484.88M | 418.76M | 564.03M | 260.21M | 250.29M |
| Stockholders Equity | 231.56M | 251.51M | 232.63M | 230.71M | 206.48M | 212.82M |
Cash Flow | ||||||
| Free Cash Flow | 109.39M | 91.58M | -144.98M | 221.11M | 38.86M | 31.41M |
| Operating Cash Flow | 109.74M | 108.75M | -132.49M | 232.13M | 48.80M | 41.45M |
| Investing Cash Flow | -71.43M | -26.08M | -8.15M | -11.52M | -8.38M | -9.94M |
| Financing Cash Flow | -18.24M | -61.48M | 4.66M | -57.16M | -35.12M | -50.07M |
Telecom Plus Technical Analysis
Positive
1370.00
Price Trends
1339.08
Positive
1365.90
Positive
1581.09
Negative
Market Momentum
10.89
Negative
59.56
Neutral
61.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TEP, the sentiment is Positive. The current price of 1370 is above the 20-day moving average (MA) of 1318.40, above the 50-day MA of 1339.08, and below the 200-day MA of 1581.09, indicating a neutral trend. The MACD of 10.89 indicates Negative momentum. The RSI at 59.56 is Neutral, neither overbought nor oversold. The STOCH value of 61.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:TEP.
Telecom Plus Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £32.65B | 16.49 | 7.09% | 2.98% | 1.78% | -50.72% | |
73 Outperform | £303.34M | ― | 31.43% | 4.14% | 16.62% | -7.97% | |
70 Outperform | £134.82M | 13.09 | 4.35% | 4.38% | 7.70% | -5.33% | |
69 Neutral | £2.92B | 0.40 | 3.94% | 2.78% | -19.04% | -34.52% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | £1.07B | 21.07 | 27.40% | 7.01% | 1.71% | -12.49% | |
59 Neutral | £9.55B | -112.68 | 1.68% | 2.86% | -4.82% | -123.58% |
* Utilities Sector Average
GB:TEP
Telecom Plus
1,372.00
-342.09
-19.96%
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Telecom Plus Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Telecom Plus Updates Share Capital and Voting Rights Position
Neutral
Mar 31, 2026
Telecom Plus PLC has confirmed that, as of 31 March 2026, it has 80,087,177 ordinary shares in issue (excluding treasury shares), representing the total number of voting rights in the company. The group also holds 1,132,705 shares in treasury and ...
Business Operations and StrategyDelistings and Listing Changes
Telecom Plus Adds Shares to LSE Listing via Employee Plans
Neutral
Mar 30, 2026
Telecom Plus PLC has admitted a further 1,960 ordinary shares of 5 pence each to trading on the London Stock Exchange Main Market, bringing the total number of shares in issue and admitted to 80,087,177. The new shares have been issued under exist...
Regulatory Filings and Compliance
Telecom Plus Updates Share Capital and Voting Rights
Neutral
Feb 27, 2026
Telecom Plus PLC has confirmed that, as of 27 February 2026, it has 80,085,617 ordinary shares in issue (excluding treasury shares), which also represents the total number of voting rights in the company. The group holds 1,132,705 shares in treasu...
Regulatory Filings and Compliance
Telecom Plus Confirms Total Voting Rights and Share Capital
Neutral
Jan 30, 2026
Telecom Plus PLC has confirmed that, as of 30 January 2026, it has 80,085,617 ordinary shares of 5 pence each in issue (excluding 1,132,705 shares held in treasury), with the same number of voting rights in the company. The company noted that this...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.