BT Earnings: Openreach Line Losses Reduced and Remain the Key for Fiscal 2027
BT delivered flat year-on-year adjusted revenue growth and a 1% decline in adjusted EBITDA, reaching GBP 4.3 billion and GBP 2.0 billion, respectively.
BT Group PLC BT.A
Bulls Say, Bears Say
Bulls
The regulatory environment is becoming more supportive,with the CMA approving the Vodafone and CK Hutchison merger with no remedies. BT's relationship with regulator Ofcom has improved in recent years.
Bears
BT has a significant net pension obligation. Given the size of gross obligations, small changes in accounting assumptions can have a big impact on the size of this liability.
News
Trading Information
- Previous Close Price
- GBX197.05
- Day Range
- GBX196.85–201.30
- 52-Week Range
- GBX173.00–242.09
- Bid/Ask
- GBX180.00 / GBX220.00
- Shares Outstanding
- 9.85B
- Market Cap
- GBX1.97T
- Volume/Avg
- 10M / 19M
Key Statistics
- Price/Earnings (Normalized)
- 15.10
- Price/Sales
- 1.01
- Dividend Yield (Trailing)
- 4.15%
- Dividend Yield (Forward)
- 4.15%
- Total Yield
- 4.79%
Company Profile
BT Group is the incumbent telecommunications operator in the UK. BT is the owner of Openreach, the largest fixed-line network in the country. Openreach operates as a separate entity due to regulatory requirements, but is still 100% owned by BT. Openreach has accelerated its fiber investments and expects to have 90% of the UK covered with FTTH by 2026. In the consumer division, BT has approximately 30% market share in broadband and mobile services. The enterprise segment serves large corporations, while the global services division provides communications consultancy services.
- Sector
- Communication Services
- Industry
- Telecom Services
- Stock Style Box
- Large Value
- Total Number of Employees
- 77,200
- Website
- https://www.bt.com
Competitors
Valuation
|
Metric
|
BT.A
|
00001
|
VOD
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.10 | 8.32 | 13.94 |
Price/Book Value | 1.57 | 0.46 | 0.65 |
Price/Sales | 1.01 | 0.97 | 0.84 |
Price/Cash Flow | 2.96 | 3.99 | 2.76 |
Price/Earnings
BT.A
00001
VOD
Financial Strength
|
Metric
|
BT.A
|
00001
|
VOD
|
|---|---|---|---|
Quick Ratio | 0.62 | 1.28 | 0.86 |
Current Ratio | 0.85 | 1.57 | 1.14 |
Interest Coverage | 2.05 | 3.18 | 1.67 |
Quick Ratio
BT.A
00001
VOD
Profitability
|
Metric
|
BT.A
|
00001
|
VOD
|
|---|---|---|---|
Return on Assets (Normalized) | 3.11% | 1.97% | −1.20% |
Return on Equity (Normalized) | 12.36% | 4.05% | −2.96% |
Return on Invested Capital (Normalized) | 6.62% | 3.10% | 0.11% |
Return on Assets
BT.A
00001
VOD
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United States