TELUS Corporation (TU) 10-Year Financial Performance & Capital Metrics

TU • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersRegional US Telecom Operators

AboutTELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network revenue; mobile technologies equipment sale; data revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services. The Digitally-Led Customer Experiences segment provides digital customer experience and digital-enablement transformation solutions, including artificial intelligence and content management solutions. It has 16.9 million subscriber connections, which include 9.3 million mobile phone subscribers; 2.1 million connected device subscribers; 2.3 million internet subscribers; 1.1 million residential voice subscribers; 1.3 million TV subscribers; and 804,000 security subscribers. The company was formerly known as TELUS Communications Inc. and changed its name to TELUS Corporation in February 2005. TELUS Corporation was incorporated in 1998 and is headquartered in Vancouver, Canada.Show more

Revenue $20.14B +0.7%
EBITDA $6.84B +6.4%
Net Income $993M +18.1%
Free Cash Flow $1.46B +13.4%
EBITDA Margin 33.96% +5.7%
Net Margin 4.93% +17.3%
ROE 5.82% +21.1%
Interest Coverage 1.98 +8.6%
Debt/Equity 1.77 +11.7%
Net Debt/EBITDA 4.23 +2.2%
CapEx / Revenue 13.66% -14.2%
CapEx Coverage 1.76 +24.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 1.2x book value

✗Weaknesses

✗Profits declining 10.7% over 5 years
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.38%

5Y6.66%

3Y6.15%

TTM2.42%

Profit (Net Income) CAGR

10Y-3.55%

5Y-10.67%

3Y-15.66%

TTM27.74%

EPS CAGR

10Y-5.34%

5Y-14.31%

3Y-18.33%

TTM23.76%

ROCE

10Y Avg9%

5Y Avg7.2%

3Y Avg5.98%

Latest5.91%

Peer Comparison

Regional US Telecom Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUTELUS Corporation	21.09B	13.60	20.30	0.67%	5.77%	9.37%	6.92%	1.77
GLIBAGCI Liberty, Inc.	153.11M	38.95	15.96	3.98%	69.32%	49.06%	20.25%	0.80
LBRDALiberty Broadband Corporation	824.2M	45.15	7.43	3.57%	99.75%	8.69%		0.39
SHENShenandoah Telecommunications Company	638.47M	11.63	3.29	14.16%	-9.05%	-3.25%		0.43
CCOICogent Communications Holdings, Inc.	1.14B	23.21	-5.40	10.12%	-20.11%	-49.03%		10.49
FYBRFrontier Communications Parent, Inc.	9.62B	38.44	-29.57	3.23%	-6.24%	-8.11%		2.44
UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	975.14M	18.27	-39.72	-3.48%	9.02%	10.04%	33.43%	0.83
UZEArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	951.08M	18.29	-39.76	-3.48%	9.02%	10.04%	34.28%	0.83

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	12.43B	12.72B	13.2B	14.1B	14.59B	15.34B	16.84B	18.29B	20B	20.14B
Revenue Growth %	0.04%	0.02%	0.04%	0.07%	0.04%	0.05%	0.1%	0.09%	0.09%	0.01%
Cost of Revenue	5.53B	5.63B	5.93B	6.37B	6.07B	6.27B	6.7B	7.11B	7.54B	7.64B
Gross Profit+	6.9B	7.09B	7.27B	7.73B	8.52B	9.07B	10.14B	11.19B	12.47B	12.5B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.04%	0.03%	0.02%	0.06%	0.1%	0.07%	0.12%	0.1%	0.11%	0%
Operating Expenses+	4.57B	4.95B	4.66B	5.14B	5.54B	6.59B	7.07B	8.23B	10.11B	9.7B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	4.26B	4.24B	4.77B	5.12B	5.55B	5.49B	6.29B	6.41B	6.43B	6.84B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.01%	-0.01%	0.13%	0.07%	0.09%	-0.01%	0.14%	0.02%	0%	0.06%
Depreciation & Amortization+	1.91B	2.06B	2.17B	2.28B	2.58B	3.01B	3.22B	3.45B	4.07B	4.04B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	2.35B	2.18B	2.6B	2.84B	2.98B	2.48B	3.07B	2.95B	2.36B	2.8B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.01%	-0.07%	0.19%	0.09%	0.05%	-0.17%	0.24%	-0.04%	-0.2%	0.19%
Interest Expense+	497M	508M	585M	642M	709M	746M	805M	867M	1.29B	1.41B
Interest Coverage	4.73x	4.30x	4.45x	4.42x	4.20x	3.33x	3.82x	3.41x	1.83x	1.98x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	1.91B	1.66B	2.03B	2.18B	2.24B	1.71B	2.28B	2.32B	1.09B	1.23B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	524M	426M	553M	552M	468M	451M	580M	604M	222M	290M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.38B	1.22B	1.46B	1.6B	1.75B	1.21B	1.66B	1.61B	841M	993M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.03%	-0.12%	0.19%	0.1%	0.09%	-0.31%	0.37%	-0.02%	-0.48%	0.18%
EPS (Diluted)+	1.15	1.03	1.32	1.34	1.45	0.94	1.23	1.15	0.58	0.67
EPS Growth %	-0.01%	-0.1%	0.28%	0.02%	0.08%	-0.35%	0.31%	-0.07%	-0.5%	0.16%
EPS (Basic)	1.15	1.03	1.32	1.34	1.45	0.95	1.23	1.16	0.58	0.67
Diluted Shares Outstanding	1.21B	1.19B	1.19B	1.19B	1.2B	1.28B	1.35B	1.4B	1.46B	1.49B

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	26.41B	27.73B	29.55B	33.06B	29.29B	33.97B	47.98B	54.07B	56.14B	58.02B
Asset Growth %	0.14%	0.05%	0.07%	0.12%	-0.11%	0.16%	0.41%	0.13%	0.04%	0.03%
PP&E (Net)+	9.74B	10.46B	11.37B	12.09B	10.98B	11.78B	15.93B	17.08B	17.25B	17.29B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.33B	2.47B	2.88B	3.84B	3.36B	3.67B	5.03B	6.09B	6.31B	6.65B
Cash & Equivalents	223M	432M	509M	414M	412.57M	665.62M	723M	974M	864M	869M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	360M	318M	378M	376M	337M	319.47M	448M	537M	484M	629M
Other Current Assets	245M	197M	648M	527M	6.17M	1.57M	13M	83M	36M	65M
Long-Term Investments	94M	92M	56M	75M	652.4M	854.79M	497M	609M	826M	1.06B
Goodwill	3.76B	3.79B	4.22B	4.73B	4.09B	5.62B	7.27B	9.13B	10.06B	10.54B
Intangible Assets	9.98B	10.36B	10.66B	10.96B	9.91B	11.81B	17.48B	19.24B	19.72B	20.59B
Other Assets	140M	107M	105M	120M	309.23M	215.07M	1.74B	1.9B	1.93B	1.87B
Total Liabilities	18.73B	19.79B	21.29B	22.72B	21.07B	24.1B	31.92B	36.41B	38.83B	41.23B
Total Debt+	12.14B	13.03B	13.76B	14.2B	14.32B	16B	20.97B	25.14B	27.45B	29.78B
Net Debt	11.91B	12.6B	13.25B	13.79B	13.91B	15.34B	20.24B	24.17B	26.59B	28.91B
Long-Term Debt	11.18B	11.63B	12.33B	13.17B	12.13B	13.67B	17.93B	22.5B	23.36B	25.61B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	102M	1.41B	1.44B	0	0	0	0
Total Current Liabilities+	4.28B	4.95B	5.19B	4.84B	4.3B	4.64B	8.27B	8.29B	9.48B	9.83B
Accounts Payable	476M	257M	717M	686M	687.87M	671.11M	1.21B	1.38B	996M	1.13B
Accrued Expenses	1.55B	1.62B	1.72B	1.82B	384.81M	441.92M	2.35B	2.46B	2.25B	2.36B
Deferred Revenue	760M	737M	782M	653M	420.28M	464.68M	854M	891M	971M	1.04B
Other Current Liabilities	1.29B	745M	1.23B	1.39B	1.66B	1.76B	148M	185M	342M	247M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	3.28B	3.22B	3.76B	4.62B	1B	1.69B	1.59B	1.09B	1.52B	1.39B
Total Equity+	7.67B	7.94B	8.26B	10.34B	8.22B	9.86B	16.06B	17.66B	17.3B	16.8B
Equity Growth %	0.03%	0.03%	0.04%	0.25%	-0.21%	0.2%	0.63%	0.1%	-0.02%	-0.03%
Shareholders Equity	7.67B	7.92B	8.22B	10.26B	8.13B	9.45B	15.12B	16.57B	16.11B	15.62B
Minority Interest	0	19M	42M	82M	85.6M	414.44M	943M	1.09B	1.19B	1.18B
Common Stock	5.05B	5.03B	5.21B	5.39B	4.36B	6.03B	9.64B	11.4B	12.32B	13.12B
Additional Paid-in Capital	135M	372M	370M	383M	306.92M	419.15M	1.01B	956M	997M	1.08B
Retained Earnings	2.43B	2.47B	2.6B	4.47B	3.37B	2.91B	4.26B	4.1B	2.83B	1.52B
Accumulated OCI	59M	42M	51M	12M	91.77M	91.84M	203M	110M	-44M	-105M
Return on Assets (ROA)	0.06%	0.05%	0.05%	0.05%	0.06%	0.04%	0.04%	0.03%	0.02%	0.02%
Return on Equity (ROE)	0.18%	0.16%	0.18%	0.17%	0.19%	0.13%	0.13%	0.1%	0.05%	0.06%
Debt / Equity	1.58x	1.64x	1.67x	1.37x	1.74x	1.62x	1.31x	1.42x	1.59x	1.77x
Debt / Assets	0.46%	0.47%	0.47%	0.43%	0.49%	0.47%	0.44%	0.46%	0.49%	0.51%
Net Debt / EBITDA	2.80x	2.97x	2.78x	2.70x	2.50x	2.79x	3.22x	3.77x	4.13x	4.23x
Book Value per Share	6.35	6.69	6.97	8.66	6.83	7.72	11.89	12.59	11.88	11.3

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.54B	3.22B	3.95B	4.06B	3.93B	4.57B	4.39B	4.81B	4.5B	4.85B
Operating CF Growth %	0.04%	-0.09%	0.23%	0.03%	-0.03%	0.16%	-0.04%	0.1%	-0.06%	0.08%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	1.38B	1.24B	1.48B	1.62B	1.78B	1.26B	1.7B	1.72B	867M	938M
Depreciation & Amortization	1.91B	2.05B	2.17B	2.27B	2.58B	3.01B	3.22B	3.45B	4.07B	4.04B
Deferred Taxes	68M	-42M	430M	74M	115M	76M	47M	31M	-140M	-167M
Other Non-Cash Items	7M	51M	-6M	-169M	-207M	-71M	-630M	-319M	-88M	-132M
Working Capital Changes	214M	-71M	-142M	256M	-332M	270M	-82M	-193M	-326M	21M
Capital Expenditures+	-4.57B	-2.9B	-3.08B	-2.88B	-3.89B	-6.17B	-5.32B	-3.65B	-3.21B	-3.39B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-4.48B	-2.92B	-3.64B	-2.98B	-5.04B	-6.17B	-5.47B	-5.41B	-4.75B	-3.7B
Acquisitions	42M	-87M	-536M	-242M	-1.09B	-3.12B	40M	-1.53B	-1.28B	-338M
Purchase of Investments	-50M	-33M	-26M	-22M	-35M	-129M	-148M	-214M	-132M	-66M
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	0	0
Other Investing	51M	61M	-26M	140M	-33M	-100M	-2.26B	-21M	-157M	-546M
Cash from Financing+	1.1B	-87M	-227M	-1.18B	1.24B	1.9B	953M	848M	139M	-1.14B
Dividends Paid	-992M	-1.07B	-1.08B	-1.14B	-1.15B	-930M	-1.04B	-1.19B	-1.31B	-1.56B
Dividend Payout Ratio %	0.72%	0.87%	0.74%	0.71%	0.66%	0.77%	0.63%	0.74%	1.56%	1.57%
Debt Issuance (Net)	1000K	1000K	1000K	1000K	1000K	1000K	-1000K	1000K	1000K	1000K
Stock Issued	0	0	0	0	0	1.5B	1.3B	0	0	0
Share Repurchases	-628M	-179M	0	-100M	0	0	0	0	0	0
Other Financing	-15M	279M	-10M	9M	-56M	328M	769M	-169M	-77M	-42M
Net Change in Cash+	163M	209M	77M	-95M	121M	313M	-125M	251M	-110M	5M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	60M	223M	432M	509M	414M	535M	848M	723M	974M	864M
Cash at End	223M	432M	509M	414M	535M	848M	723M	974M	864M	869M
Free Cash Flow+	-1.03B	322M	866M	1.18B	33M	-1.59B	-928M	1.16B	1.29B	1.46B
FCF Growth %	-6.5%	1.31%	1.69%	0.37%	-0.97%	-49.21%	0.42%	2.25%	0.11%	0.13%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	18.27%	15.67%	18.03%	17.2%	18.81%	13.35%	12.77%	9.58%	4.81%	5.82%
EBITDA Margin	34.29%	33.32%	36.16%	36.29%	38.07%	35.81%	37.36%	35.02%	32.15%	33.96%
Net Debt / EBITDA	2.80x	2.97x	2.78x	2.70x	2.50x	2.79x	3.22x	3.77x	4.13x	4.23x
Interest Coverage	4.73x	4.30x	4.45x	4.42x	4.20x	3.33x	3.82x	3.41x	1.83x	1.98x
CapEx / Revenue	36.77%	22.77%	23.34%	20.4%	26.69%	40.19%	18.39%	19.94%	15.91%	13.66%
Dividend Payout Ratio	71.78%	87.49%	74.11%	71.31%	65.81%	77.05%	63.14%	73.56%	156.36%	157.3%
Debt / Equity	1.58x	1.64x	1.67x	1.37x	1.74x	1.62x	1.31x	1.42x	1.59x	1.77x
EPS Growth	-0.86%	-10.43%	28.16%	1.52%	8.21%	-35.17%	30.85%	-6.5%	-49.57%	15.52%

Revenue by Geography

	2020	2021	2022
Foreign	-	2.6B	3.1B
Foreign Growth	-	-	19.23%
Foreign Countries	1.9B	-	-
Foreign Countries Growth	-	-	-

Frequently Asked Questions

Valuation & Price

TELUS Corporation (TU) has a price-to-earnings (P/E) ratio of 20.3x. This is roughly in line with market averages.

Growth & Financials

TELUS Corporation (TU) reported $20.45B in revenue for fiscal year 2024. This represents a 97% increase from $10.40B in 2011.

TELUS Corporation (TU) grew revenue by 0.7% over the past year. Growth has been modest.

Yes, TELUS Corporation (TU) is profitable, generating $1.18B in net income for fiscal year 2024 (4.9% net margin).

Dividend & Returns

Yes, TELUS Corporation (TU) pays a dividend with a yield of 7.73%. This makes it attractive for income-focused investors.

TELUS Corporation (TU) has a return on equity (ROE) of 5.8%. This is below average, suggesting room for improvement.

TELUS Corporation (TU) generated $1.68B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

TELUS Corporation (TU) has a dividend payout ratio of 157%. The high payout ratio may limit dividend growth.

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