Telstra Group Ltd
TLS: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$5.10 | Yqcvqv | Wxlnbxbfn |
Telstra: Enough Internal Levers to Liberate Value Without Resorting to Technology Deals
Shares in Telstra are trading at an attractive 16% discount to our AUD 4.50 fair value estimate. The underperformance since the fiscal 2023 results release in August, down 9% versus a 4% decline in the ASX 200 Accumulation Index, likely reflects lingering investor misgivings on the tardy progress toward T25 targets and the kyboshing of InfraCo-Fixed monetization.