Telstra Group Ltd
TLS: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$6.90 | Gylmm | Rgcvfgqy |
Telstra's Fiscal 2014 as Expected, but Overshadowed by AUD 1 Billion Off-Market Buyback
Telstra released fiscal 2014 earnings, reporting underlying net profit after tax, or NPAT, of AUD 4 billion, in line with our forecasts. Underlying earnings before interest, tax, depreciation and amortisation, or EBITDA, rose 3% to AUD 10.7 billion, slightly ahead of our AUD 10.6 billion estimate. Confirmation of an AUD 1 billion off-market share buyback was a key positive takeaway.