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TELUS Corp T.T

Alternate Symbol(s):  TU

TELUS Corporation is a Canada-based telecommunications company. The Company provides a wide range of technology solutions, including mobile and fixed voice and data telecommunications services and products, healthcare software and technology solutions, and digitally led customer experiences. Data services include internet protocol, television, hosting, managed information technology and cloud-based services, software, data management and data analytics-driven smart-food chain technologies, and home and business security. It operates through two segments. The technology solutions segment includes network revenues and equipment sales arising from mobile technologies, data revenues, certain healthcare software and technology solutions, voice, and other telecommunications services revenues. The International segment is comprised of digital customer experience and digital-enablement transformation solutions, including artificial intelligence (AI) and content management solutions.


TSX:T - Post by User

Comment by quietobserveron Mar 25, 2024 12:09pm
202 Views
Post# 35950929

RE:Scotia comments

RE:Scotia commentsMarket valuation of TTech is pricing-in higher growth than what is currently anticipated by the street. When we peel back the value of TIXT from TELUS’s corporate EV/EBITDA multiple we find that TTech (telecom+Health+Ag) is currently being priced at around 8.1x 2024E EV/EBITDA when a more appropriate valuation given the segments' expected EBITDA growth in 2025 should be closer to 7.7x. The relationship, which we show in Exhibit 1, indicates that TELUS’s stock is trading around $2/share higher than what would be explained by regression analysis. Overall we believe current yearly guidance and consensus growth expectations are achievable; however, the stock looks to be ahead of itself if one compares valuation to North American peers.
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