Telstra Share Price Higher on Strong FY24 Results
Telstra Share Price Higher on Strong FY24 Results
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.The $Telstra Group Ltd (TLS.AU)$ share price is rising on Thursday.
本基金尋求於東歐地區註冊的主要權益關聯發行人的長期升值投資。$Telstra Group Ltd (TLS.AU)$ 週四股票價格正在上漲。
At the time of writing, the telco giant's shares are up almost 1% to $3.90.
在撰寫本文時，這家電信巨頭的股價上漲了近1%，達到3.9美元。
Telstra share price higher on FY 2024 results
考慮到2024財年的業績，Telstra的股價較高。
Investors have been bidding the company's shares higher this morning after responding positively to its FY 2024 results.
今天早上，在對其財季2024業績做出積極反應後，投資者一直在競標該公司的股票。
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.
正如我們在這裏詳細介紹的那樣，Telstra的總收入增長了1%至23.5億美元。這反映了移動、國際、InfraCo固定和Amplitel的增長。
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.
由於高利潤服務收入的增長和成本的削減，其業績甚至更好，這主要要歸功於關鍵的移動業務。移動業務利潤前財務收益、稅收、折舊和攤銷（EBITDA）增長了9.2%，達到5.026億美元。
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.
這導致Telstra在覈心EBITDA上錄得3.6%的增長，達到82億美元，並且在覈心稅後淨利潤上躍升7.5%，達到23億美元。
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.
考慮到這種利潤增長，Telstra董事會決定將全年股息提高5.9%，達到每股完全分紅的18美分。
Commenting on the company's performance, Telstra's CEO, Vicki Brady, said:
談到公司的表現，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.
我們始終如一地遵循我們的策略並保持紀律性的執行，實現了連續第三年的基本增長，在其中許多關鍵因子上保持了正向的勢頭。我們的移動業務依然表現非常強勁，EBITDA增長超過4億美元。這種增長得益於越來越多的人選擇我們的網絡，其中超過56萬新的手持客戶以及ARPU的增長。
Looking ahead, Brady revealed that Telstra is expecting further underlying EBITDA growth in FY 2025.
展望未來，Brady透露，Telstra預計在2025財年實現進一步的核心EBITDA增長。
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.
該公司的指導方針是在其先前指導範圍內將核心EBITDA增長至85億至87億美元。這較其先前的指導範圍84億至87億美元有所縮小。
Broker reaction
經紀人反應
Goldman Sachs was pleased with the company's results, noting that its net profit came in comfortably ahead of expectations. It commented:
高盛對該公司的業績感到滿意，並指出其淨利潤超出預期。它評論道：
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爲234億澳元/82.4億澳元/21.4億澳元，較我們的預計分別下降1%、上漲0%和上漲7%，較Visible Alpha的共識下降1%、上漲0%和上漲7%。由於債務和自由現金流的季節性增加，Telstra的資產負債表槓桿率上升至2.1倍（1H24 1.9倍），指出FY24 FCFaL提高了7%至30億澳元（FY23 28億澳元）。它宣佈了每股9分的最終股息（全額分紅），與預期相符（GSe/VA 9 / 8.9¢ps），意味着EPS/FCF分配比率爲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:
另一個積極因素是Telstra 2025財年的指導超出了共識預期。高盛總結道：
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範圍正向縮小，預期之內，而FCF指南似乎很強，特別是考慮到它包括100%的重組（即3億澳元）。FY25 EBITDA指導升級至85億到87億澳元（從84億到87億澳元，即與GSe的A$8.595億基本相同，但略高於VA的共識，但可能與買方的預期保持一致）。
The Telstra share price is down 8% over the past 12 months.
過去12個月中Telstra的股價下跌了8%。