Telstra Share Price Higher on Strong FY24 Results
Telstra Share Price Higher on Strong FY24 Results
The $Telstra Group Ltd (TLS.AU)$ share price is rising on Thursday.
本基金寻求于东欧地区注册的主要权益关联发行人的长期升值投资。$Telstra Group Ltd (TLS.AU)$ 周四股票价格正在上涨。
At the time of writing, the telco giant's shares are up almost 1% to $3.90.
在撰写本文时，这家电信巨头的股价上涨了近1%，达到3.9美元。
Telstra share price higher on FY 2024 results
考虑到2024财年的业绩，Telstra的股价较高。
Investors have been bidding the company's shares higher this morning after responding positively to its FY 2024 results.
今天早上，在对其财季2024业绩做出积极反应后，投资者一直在竞标该公司的股票。
As we covered in detail here, Telstra reported a 1% increase in total income to $23.5 billion. This reflects growth across Mobile, International, InfraCo fixed and Amplitel.
正如我们在这里详细介绍的那样，Telstra的总收入增长了1%至23.5亿美元。这反映了移动、国际、InfraCo固定和Amplitel的增长。
Things were even better for its earnings, thanks largely to the key Mobile business. Mobile earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 9.2% to $5,026 million due to high-margin services revenue growth and cost-out.
由于高利润服务收入的增长和成本的削减，其业绩甚至更好，这主要要归功于关键的移动业务。移动业务利润前财务收益、税收、折旧和摊销（EBITDA）增长了9.2%，达到5.026亿美元。
This led to Telstra recording a 3.6% lift in underlying EBITDA to $8.2 billion and a 7.5% jump in underlying net profit after tax to $2.3 billion.
这导致Telstra在核心EBITDA上录得3.6%的增长，达到82亿美元，并且在核心税后净利润上跃升7.5%，达到23亿美元。
In light of this profit growth, the Telstra board elected to increase its full-year dividend by 5.9% to a fully franked 18 cents per share.
考虑到这种利润增长，Telstra董事会决定将全年股息提高5.9%，达到每股完全分红的18美分。
Commenting on the company's performance, Telstra's CEO, Vicki Brady, said:
谈到公司的表现，Telstra的CEO Vicki Brady表示：
A consistent and disciplined execution of our strategy has delivered our third consecutive year of underlying growth, and positive momentum across many of our key indicators. Our mobiles business has continued to perform very strongly, with EBITDA growth of over $400 million. This growth was driven by more people choosing our network, with more than 560,000 net new handheld customers, along with ARPU growth.
我们始终如一地遵循我们的策略并保持纪律性的执行，实现了连续第三年的基本增长，在其中许多关键因子上保持了正向的势头。我们的移动业务依然表现非常强劲，EBITDA增长超过4亿美元。这种增长得益于越来越多的人选择我们的网络，其中超过56万新的手持客户以及ARPU的增长。
Looking ahead, Brady revealed that Telstra is expecting further underlying EBITDA growth in FY 2025.
展望未来，Brady透露，Telstra预计在2025财年实现进一步的核心EBITDA增长。
The company's guidance is for underlying EBITDA of $8.5 billion to $8.7 billion. This is narrowed higher from its previous guidance range of $8.4 billion to $8.7 billion.
该公司的指导方针是在其先前指导范围内将核心EBITDA增长至85亿至87亿美元。这较其先前的指导范围84亿至87亿美元有所缩小。
Broker reaction
经纪人反应
Goldman Sachs was pleased with the company's results, noting that its net profit came in comfortably ahead of expectations. It commented:
高盛对该公司的业绩感到满意，并指出其净利润超出预期。它评论道：
Income/EBITDA/NPAT of A$23.4bn/A$8.24bn/A$2.14bn, which was -1%/+0%/+7% vs. our estimates, and -1%/+0%/+7% vs. Visible Alpha consensus. Telstra's balance sheet gearing increased to 2.1x (1H24 1.9x) due to increased gross debt and seasonality in FCF, noting FY24 FCFaL improved 7% to A$3.0bn (FY23 A$2.8bn). A final dividend of 9¢ps was declared (fully franked) in-line with expectations (GSe/VA 9/8.9¢ps) implying an EPS/FCF payout ratio of 128%/95% (1H24: 107%/191%).
收入/EBITDA/NPAt为234亿澳元/82.4亿澳元/21.4亿澳元，较我们的预计分别下降1%、上涨0%和上涨7%，较Visible Alpha的共识下降1%、上涨0%和上涨7%。由于债务和自由现金流的季节性增加，Telstra的资产负债表杠杆率上升至2.1倍（1H24 1.9倍），指出FY24 FCFaL提高了7%至30亿澳元（FY23 28亿澳元）。它宣布了每股9分的最终股息（全额分红），与预期相符（GSe/VA 9 / 8.9¢ps），意味着EPS/FCF分配比率为128%/95%（1H24：107%/191%）。
Another positive, which is likely to be lifting the Telstra share price, is that its guidance for FY 2025 was ahead of consensus expectations. Goldman summarises:
另一个积极因素是Telstra 2025财年的指导超出了共识预期。高盛总结道：
EBITDA range positively narrowed, as expected, while FCF guide appears strong, particularly given it includes 100% of restructuring (i.e. A$300mn). FY25 EBITDA Guidance upgraded to A$8.5-8.7bn (from A$8.4-8.7bn, i.e. in-line with GSe of A$8.595bn but marginally ahead of VA consensus – but likely in-line with Buy side expectations).
EBITDA范围正向缩小，预期之内，而FCF指南似乎很强，特别是考虑到它包括100%的重组（即3亿澳元）。FY25 EBITDA指导升级至85亿到87亿澳元（从84亿到87亿澳元，即与GSe的A$8.595亿基本相同，但略高于VA的共识，但可能与买方的预期保持一致）。
The Telstra share price is down 8% over the past 12 months.
过去12个月中Telstra的股价下跌了8%。