Telus Corporation
Telus Corporation provides wired telecommunications services, including broadband, mobile, and business solutions, generating revenue through subscription fees and service contracts.
Business. Telus Corporation (T.TO) is an integrated telecommunications services provider operating within the Technology sector. The company primarily generates revenue through subscription-based models for wired telecommunications services. Specific details regarding its operating segments, headquarters location, and primary stock exchange listings are not provided in the available data. Consequently, the business is described at the industry level without further geographic or segmental breakdown.
Analyst recommendations
18 analysts · consensus HoldAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
1Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
- Congressional trades
- CongressGary C Peters — AT&T Inc.2026-06-29 · Democrat · MI · Purchase · $1,001 - $15,000
- CongressJosh Gottheimer — AT&T Inc.2026-04-09 · Democrat · NJ · Sale · $1,001 - $15,000
- CongressJohn Fetterman — AT&T Inc.2026-03-27 · Democrat · PA · Sale · $1,001 - $15,000
- CongressLisa McClain — AT&T Inc.2025-07-10 · Republican · MI · Sale · $1,001 - $15,000
- CongressJames French Hill — AT&T Inc.2025-06-23 · Republican · AR · Sale · $1,001 - $15,000
- CongressLisa McClain — AT&T Inc.2025-06-17 · Republican · MI · Purchase · $1,001 - $15,000
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Telus Corporation (T.TO) is an integrated telecommunications services provider operating within the Technology sector. The company primarily generates revenue through subscription-based models for wired telecommunications services. Specific details regarding its operating segments, headquarters location, and primary stock exchange listings are not provided in the available data. Consequently, the business is described at the industry level without further geographic or segmental breakdown.
Telus operates with a capital structure that includes a debt-to-equity ratio of 1.84, indicating a significant reliance on debt financing. The company's liquidity position is characterized by a current ratio of 0.75, suggesting limited short-term liquidity. Free cash flow is negative at -218 million CAD, and operating cash flow is 950 million CAD, highlighting a mismatch between cash inflows and outflows.
Profitability metrics show a return on equity of 0.79% and a return on assets of 0.22%, both of which are below the industry median for integrated telecommunications services. The operating margin is 11.8%, and the net profit margin is 2.6%, indicating that Telus is underperforming in converting revenue into profit relative to its peers.
Telus's revenue is primarily concentrated in Canada, with no disclosed international segments. The company's exposure to geographic risk is limited to domestic economic and regulatory conditions. No material revenue concentration is reported in the input data.
The company's growth trajectory is modest, with no specific revenue growth rates provided in the input data. However, the capital expenditure of -995 million CAD suggests ongoing investment in infrastructure, which may support future growth. Analysts have assigned a mean price target of 19.95 CAD, with a median of 20.00 CAD, indicating a generally positive outlook.
Risk factors include a medium liquidity risk due to a current ratio below 1 and a negative free cash flow. The dilution risk is assessed as low, with no near-term pressure expected. The company's debt structure, particularly its long-term debt of 29.47 billion CAD, poses a credit risk if interest rates rise or if operating cash flow does not improve.
Recent events include the publication of the latest financial data, which shows a net income of 127 million CAD. No recent filings or transcripts are provided in the input data to indicate significant corporate developments.
- Telus has a high debt-to-equity ratio of 1.84, indicating a heavy reliance on debt financing.
- The company's return on equity and return on assets are below the industry median, suggesting underperformance in profitability.
- Telus's liquidity position is weak, with a current ratio of 0.75 and negative free cash flow.
- Analysts have a generally positive outlook, with a mean price target of 19.95 CAD.
- The company's growth is supported by capital expenditures, but its profitability metrics are a concern.
Bull / Bear case
Generated · model-assistedTelus revenue grew at a 4.8% CAGR from 2022 to 2026, demonstrating consistent top-line expansion over the four-year period.
Analysts project 20.3% upside to a mean price target of $19.95, suggesting significant undervaluation relative to current market price.
Free cash flow improved by 41.8% year-over-year in FY2026, signaling strengthening cash generation capabilities despite negative absolute values.
Cash conversion ratio of 7.48 ranks as best-in-class among 148 peers, highlighting exceptional efficiency in converting earnings to cash.
Debt-to-equity ratio of 1.84 places Telus in the bottom quartile of peers, indicating significantly higher financial leverage and risk.
The company carries a high credit risk flag, suggesting potential difficulties in meeting debt obligations or maintaining favorable borrowing terms.
Return on equity of 0.79% is well below the 4.76% industry median, indicating poor capital efficiency compared to integrated telecommunications competitors.
In focus — financials by report
Revenue C$5.23B, −1,9% YoY; Operating income +2,1% YoY.
- ▍Revenue C$5.23B, −1,9% YoY
- ▍Operating income +2,1% YoY
- ▍Net income −18,4% YoY
- ▍Free cash flow +40,0% YoY
- ▍Net margin 5.6%
Revenue C$5.07B, +0,5% YoY; Operating income +22,3% YoY.
- ▍Revenue C$5.07B, +0,5% YoY
- ▍Operating income +22,3% YoY
- ▍Net income +76,1% YoY
- ▍Free cash flow +407,1% YoY
- ▍Net margin 9.7%
Revenue C$5.03B, +2,7% YoY; Operating income −74,3% YoY.
- ▍Revenue C$5.03B, +2,7% YoY
- ▍Operating income −74,3% YoY
- ▍Net income −96,9% YoY
- ▍Free cash flow +5,6% YoY
- ▍Net margin 0.1%
Revenue C$5.02B, +3,1% YoY; Operating income +30,8% YoY.
- ▍Revenue C$5.02B, +3,1% YoY
- ▍Operating income +30,8% YoY
- ▍Net income +152,8% YoY
- ▍Free cash flow +139,9% YoY
- ▍Net margin 6.4%
Revenue C$5.33B; Operating income C$759.0M.
- ▍Revenue C$5.33B
- ▍Operating income C$759.0M
- ▍Net margin 6.7%
Revenue C$5.04B; Operating income C$788.0M.
- ▍Revenue C$5.04B
- ▍Operating income C$788.0M
- ▍Net margin 5.6%
Revenue C$4.90B; Operating income C$682.0M.
- ▍Revenue C$4.90B
- ▍Operating income C$682.0M
- ▍Net margin 4.7%
Revenue C$4.87B; Operating income C$575.0M.
- ▍Revenue C$4.87B
- ▍Operating income C$575.0M
- ▍Net margin 2.6%
Revenue C$20.35B, +1,0% YoY; Operating income −4,9% YoY.
- ▍Revenue C$20.35B, +1,0% YoY
- ▍Operating income −4,9% YoY
- ▍Net income +12,1% YoY
- ▍Free cash flow +41,8% YoY
- ▍Net margin 5.5%
Revenue C$20.14B, +0,7% YoY; Operating income +18,7% YoY.
- ▍Revenue C$20.14B, +0,7% YoY
- ▍Operating income +18,7% YoY
- ▍Net income +18,1% YoY
- ▍Free cash flow −8 700,0% YoY
- ▍Net margin 4.9%
Revenue C$20.00B, +9,4% YoY; Operating income −20,0% YoY.
- ▍Revenue C$20.00B, +9,4% YoY
- ▍Operating income −20,0% YoY
- ▍Net income −47,9% YoY
- ▍Free cash flow +96,7% YoY
- ▍Net margin 4.2%
Revenue C$18.29B, +8,6% YoY; Operating income −3,9% YoY.
- ▍Revenue C$18.29B, +8,6% YoY
- ▍Operating income −3,9% YoY
- ▍Net income −2,4% YoY
- ▍Free cash flow +86,3% YoY
- ▍Net margin 8.8%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,93 |
| Revenue | —no estimate | —no estimate | 20,8B CAD |
| Operating income | —no estimate | —no estimate | 3,1B CAD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Telus Corporation Market data — financials · 2026-05-29
- Telus Corporation Market data — analyst estimates · 2026-05-29
- Telus Corporation Market data — ESG · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,09 %$126M
- Institutional Investor · as of 2026-03-310,04 %$83M
- Funds · as of 2026-03-310,02 %$156M
- Investment Managers · as of 2026-03-310,01 %$83M
- Investment Managers · as of 2026-03-310,01 %$177M
- Investment Managers · as of 2026-03-310,01 %$58M
- Investment Managers · as of 2025-12-310,01 %$388M
- Investment Managers · as of 2026-03-310,01 %$89M
- Investment Managers · as of 2026-03-310,00 %$29M
- Institutional Investor · as of 2026-03-310,00 %$12M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2024-12-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$6M
- Investment Managers · as of 2026-03-310,00 %$5M
- Institutional Investor · as of 2026-03-310,00 %$6M
- Institutional Investor · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$8M
- Investment Managers · as of 2024-06-300,00 %$30M
- Brokerage Firms · as of 2026-03-310,00 %$2M
- Institutional Investor · as of 2026-03-310,00 %$9M
- Investment Managers · as of 2026-03-310,00 %$3M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
Leadership
- Darren EntwistlePresident, Chief Executive Officer, Director
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 452.9%Derived (calculated)
- Net margin (FY 2025-12-31): 17.5%Derived (calculated)
- Return on assets (FY 2025-12-31): 5.2%Derived (calculated)
- Current ratio (FY 2025-12-31): 0.91xDerived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 104.0%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 104.0%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 10.3%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 100.5%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 3.9%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 26.8%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 2.7%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 6.4%Derived (calculated)
- EPS (diluted) (annual): USD-PER-SHARES 3SEC XBRL filing
- Long-term debt (annual): USD 134.72BSEC XBRL filing
- Operating cash flow (annual): USD 40.28BSEC XBRL filing
- Current liabilities (annual): USD 53.78BSEC XBRL filing
- Total assets (annual): USD 420.2BSEC XBRL filing
- Revenue (annual): USD 125.65BSEC XBRL filing
- Operating income (annual): USD 24.16BSEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES 3SEC XBRL filing
- Cash & equivalents (annual): USD 18.23BSEC XBRL filing
- Current assets (annual): USD 48.73BSEC XBRL filing
- Pre-tax income (annual): USD 27.01BSEC XBRL filing
- Net income (annual): USD 21.95BSEC XBRL filing