olivLaw · US equity research
Telus Corp TU
Radiotelephone Communications · SIC 4812 · Vertical: Radiotelephone Communications (SIC 4812)
At the close of 04 Nov 2026, Telus Corp (TU) stock was 9.22 USD (+3.60% on the day), with beta -0.03, 52-week range 7.72–14.80 USD.
Data as of · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 64.0
- strong (55–70)
- Bollinger (20, 2)
- 7.69 – 9.30
- in the upper half of the band · %B 0.95 · band width 19.0%
- SMA 50 / 200
- 8.74 / 11.27
- mixed trend
- MACD (12, 26, 9)
- 0.12 / 0.01
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +17.0% | −1.1% | +18.1 pp | — |
| 3 months | −5.9% | −0.5% | −5.5 pp | — |
| 6 months | −28.1% | +4.4% | −32.5 pp | — |
| Year to date | −30.0% | +12.3% | −42.3 pp | — |
| 1 year | −36.6% | +13.5% | −50.1 pp | +18.3% |
| 3 years | −48.0% | +76.4% | −124.4 pp | +29.1% |
| 5 years | −60.3% | +63.7% | −124.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.4 bn | 14.7 bn | 15.5 bn | 17.3 bn | 18.4 bn | 20.1 bn | 20.4 bn | 20.5 bn |
| Revenue YoY | +7.2% | +2.0% | +5.5% | +11.6% | +6.7% | +9.3% | +1.3% | +0.6% |
| Net income | 1.6 bn | 1.7 bn | 1.2 bn | 1.7 bn | 1.6 bn | 841.0 m | 993.0 m | 1.1 bn |
| Net income YoY | +2.6% | +9.1% | −30.9% | +37.1% | −2.4% | −47.9% | +18.1% | +12.1% |
| Diluted EPS | 2.68 | 1.45 | 0.94 | 1.22 | 1.15 | 0.58 | 0.67 | 0.72 |
| Diluted EPS YoY | +1.9% | −45.9% | −35.2% | +29.8% | −5.7% | −49.6% | +15.5% | +7.5% |
| net % | 11.1% | 11.9% | 7.8% | 9.6% | 8.8% | 4.2% | 4.9% | 5.4% |
| Free cash flow | 1.7 bn | 1.2 bn | 1.9 bn | 1.2 bn | 1.5 bn | 1.9 bn | 2.2 bn | 2.1 bn |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 2.6 bn CAD
- Financial debt
- 28.4 bn CAD
- Net debt
- 25.7 bn CAD
- Equity
- 16.6 bn CAD
- Total assets
- 59.6 bn CAD
- Debt / equity
- 1.71x
- Current ratio
- 0.86x
- ROE
- 6.7%
- ROA
- 1.9%
- FCF margin
- 10.4%
Financial statements (source on every figure)
Revenue and net income (CAD)
Margins
Income statement · CAD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 15.5 bn | 17.3 bn | 18.4 bn | 20.1 bn | 20.4 bn | 20.5 bn | SEC (XBRL)· 12 Feb 2026verified |
| Cost of revenue | 2.0 bn | 2.2 bn | 2.3 bn | 2.4 bn | 2.5 bn | 2.4 bn | SEC (XBRL)· 12 Feb 2026verified |
| Gross profit | 13.5 bn ≈ | 15.1 bn ≈ | 16.1 bn ≈ | 17.7 bn ≈ | 17.9 bn ≈ | 18.1 bn ≈ | SEC (XBRL)· 12 Feb 2026derived |
| Operating income | 2.5 bn | 3.1 bn | 3.0 bn | 2.4 bn | 2.8 bn | 2.4 bn | SEC (XBRL)· 12 Feb 2026verified |
| Interest expense | 771.0 m | 796.0 m | 632.0 m | 1.3 bn | 1.6 bn | 1.2 bn | SEC (XBRL)· 12 Feb 2026verified |
| Pre-tax income | 1.7 bn | 2.3 bn | 2.3 bn | 1.1 bn | 1.2 bn | 1.2 bn | SEC (XBRL)· 12 Feb 2026verified |
| Income tax | 451.0 m | 580.0 m | 604.0 m | 222.0 m | 290.0 m | 425.0 m | SEC (XBRL)· 12 Feb 2026verified |
| Net income | 1.2 bn | 1.7 bn | 1.6 bn | 841.0 m | 993.0 m | 1.1 bn | SEC (XBRL)· 12 Feb 2026verified |
| Diluted EPS | 0.94 | 1.22 | 1.15 | 0.58 | 0.67 | 0.72 | SEC (XBRL)· 12 Feb 2026verified |
| Weighted average diluted shares | 1.3 bn | 1.4 bn | 1.4 bn | 1.5 bn | 1.5 bn | 1.5 bn | SEC (XBRL)· 12 Feb 2026verified |
| Dividend per share | 0.72 | 0.76 | 0.83 | 0.90 | 1.04 | — | SEC (XBRL)· 13 Feb 2025derived |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · CAD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 848.0 m | 723.0 m | 974.0 m | 864.0 m | 869.0 m | 2.6 bn | SEC (XBRL)· 12 Feb 2026verified |
| Receivables | 2.4 bn | 2.7 bn | 3.3 bn | 3.6 bn | 3.7 bn | 3.8 bn | SEC (XBRL)· 12 Feb 2026verified |
| Current assets | 4.7 bn | 5.0 bn | 6.1 bn | 6.3 bn | 6.6 bn | 8.4 bn | SEC (XBRL)· 12 Feb 2026verified |
| Property, plant & equipment, net | 15.0 bn | 15.9 bn | 17.1 bn | — | — | — | SEC (XBRL)· 09 Feb 2023verified |
| Goodwill | 7.2 bn | 7.3 bn | 9.1 bn | 10.1 bn | 10.6 bn | 10.5 bn | SEC (XBRL)· 12 Feb 2026verified |
| Intangibles (excl. goodwill) | 15.0 bn | 17.5 bn | 19.2 bn | 19.7 bn | 20.6 bn | 20.3 bn | SEC (XBRL)· 12 Feb 2026verified |
| Total assets | 43.3 bn | 48.0 bn | 54.1 bn | 56.1 bn | 58.0 bn | 59.6 bn | SEC (XBRL)· 12 Feb 2026verified |
| Accounts payable | 3.0 bn | 3.7 bn | 4.0 bn | 3.4 bn | 3.6 bn | 3.5 bn | SEC (XBRL)· 12 Feb 2026verified |
| Short-term debt | 100.0 m | 114.0 m | 104.0 m | 104.0 m | 922.0 m | 920.0 m | SEC (XBRL)· 12 Feb 2026verified |
| Long-term debt | 18.9 bn | 17.9 bn | 22.5 bn | 23.4 bn | 25.6 bn | 27.4 bn | SEC (XBRL)· 12 Feb 2026verified |
| Current liabilities | 5.9 bn | 8.3 bn | 8.3 bn | 9.5 bn | 9.8 bn | 9.7 bn | SEC (XBRL)· 12 Feb 2026verified |
| Total liabilities | 30.7 bn | 31.9 bn | 36.4 bn | 38.8 bn | 41.2 bn | 43.0 bn | SEC (XBRL)· 12 Feb 2026verified |
| Equity | 12.6 bn | 16.1 bn | 17.7 bn | 17.3 bn | 16.8 bn | 16.6 bn | SEC (XBRL)· 12 Feb 2026verified |
| Shares outstanding at year end | 1.3 bn | 1.4 bn | 1.4 bn | 1.5 bn | 1.5 bn | 1.5 bn | SEC (XBRL)· 12 Feb 2026verified |
Cash flow · CAD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 4.6 bn | 4.4 bn | 4.8 bn | 4.5 bn | 4.8 bn | 4.9 bn | SEC (XBRL)· 12 Feb 2026verified |
| Capex | 2.7 bn | 3.2 bn | 3.3 bn | 2.6 bn | 2.6 bn | 2.7 bn | SEC (XBRL)· 12 Feb 2026verified |
| Free cash flow | 1.9 bn ≈ | 1.2 bn ≈ | 1.5 bn ≈ | 1.9 bn ≈ | 2.2 bn ≈ | 2.1 bn ≈ | SEC (XBRL)· 12 Feb 2026derived |
| Investing cash flow | -6.2 bn | -5.5 bn | -5.4 bn | -4.7 bn | -3.7 bn | -3.0 bn | SEC (XBRL)· 12 Feb 2026verified |
| Financing cash flow | 1.9 bn | 953.0 m | 848.0 m | 139.0 m | -1.1 bn | -74.0 m | SEC (XBRL)· 12 Feb 2026verified |
| Dividends paid | 930.0 m | 1.0 bn | 1.2 bn | 1.3 bn | 1.6 bn | — | SEC (XBRL)· 13 Feb 2025verified |
| Share repurchases | — | — | — | — | — | 40.0 m | SEC (XBRL)· 12 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 54.2% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
Score by group
54% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 54.2% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 3.6% | 17 (vs peers) | 19% |
| Net margin · Quality | 5.4% | 25 (vs peers) | 12% |
| FCF conversion · Quality | 192.1% | 100 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 3.7% | 30 (on a fixed band) | 15% |
| EPS CAGR 3Y · Growth | -14.5% | 0 (on a fixed band) | 15% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 2.0x | 8 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 0.9x | 5 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | 73.1% | 67 (on a fixed band) | 8% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet7/100 · 2/3 factors with a value
- Growth15/100 · 2/2 factors with a value
- Quality42/100 · 3/3 factors with a value
- Returns· partial67/100 · 1/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
TELUS CORP (TU). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 20.5 bn CAD in 2025; YoY growth 0.6%; net margin 5.4%; ROE 7.1%.
The estimated value range is 8.98–13.13 CAD per share (median of 2 methods, agreement: high); assumptions are illustrative. The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 54.2% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 192.1%
What contradicts it
- ROIC: 3.6%
- Net margin: 5.4%
- EPS CAGR 3Y: -14.5%
- Interest coverage: 2.0x
- Current ratio: 0.9x
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions).
Versus the vertical median
Radiotelephone Communications (SIC 4812) · same industry (4-digit SIC) · compared with 12 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CHTChunghwa Telecom Co., Ltd. | 380.0 bn | 326.5 | 9.4% | 16.2% | −3.8% | +17% / +29% |
| TMUST-Mobile Us, Inc. | 168.6 bn | 15.4 | 19.4% | 12.0% | +8.5% | −24% / +6% |
| VEONVEON Ltd. | 146.1 bn | 263.4 | 48.5% | 13.4% | +9.9% | +48% / +294% |
| TIGOMillicom International Cellular SA | 13.0 bn | 9.8 | 36.2% | 22.6% | +0.3% | +45% / +357% |
| KYIVKyivstar Group Ltd. | 3.1 bn | 23.9 | 10.4% | 10.7% | +25.9% | −4% / unavailable |
| ADArray Digital Infrastructure, Inc. | 2.9 bn | 5.4 | 18.3% | 250.8% | +58.3% | −32% / −27% |
| IHSIHS Holding Ltd | 2.8 bn | 20.2 | — | 9.1% | +3.6% | +19% / +82% |
| SPOKSpok Holdings, Inc. | 252.6 m | 13.6 | 12.8% | 13.9% | +1.5% | −9% / −28% |
| SIDUSidus Space, Inc. | 18.7 m | — | -27.0% | -970.3% | −27.6% | +49% / −82% |
| CHAICore Ai Holdings, Inc. | 3.6 m | — | -1,196.1% | -57.2% | +58.6% | −93% / −100% |
| SKMSK Telecom Co., Ltd. | — | — | 10.8% | 7.0% | +1.9% | +55% / +39% |
| TUTelus Corp | — | — | 7.1% | 5.4% | +0.6% | −37% / −48% |
| VODVodafone Group Public Ltd Co | — | — | -7.4% | -11.1% | +2.0% | +31% / +80% |
1- and 3-year price returns: for TU from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Investors Buy Rogers (RCI), BCE, Telus Stocks After Canada Telecom SelloffBloomberg Markets · 29 Oct 2026 · EN
- Telus Warns Customers of Account BreachesSecurityWeek · 14 Sept 2026 · EN
- Concedieri masive la Telus Digital. „E o ipocrizie fără margini: Le spui că îi dai afară, dar le ceri să rămână concentrați la muncă”Adevărul · 25 May 2026 · RO
- Răspunsul TELUS Digital, după veștile privind concedieri în România: Compania spune că activează într-un sector extrem de dinamic, care impune „modificări strategice”Economedia · 20 May 2026 · RO
- Telus Digital concediază încă 300 de angajați, din toate cele 3 centre – București, Craiova și BrașovCursDeGuvernare.ro · 19 May 2026 · RO
- Continuă seria concedierilor: TELUS Digital, parte a unui grup canadian, ar urma să renunțe la sute de angajați în RomâniaEconomedia · 19 May 2026 · RO
- Telus CEO of 26 Years Urges Successor to Take Risks, Trust TeamBloomberg Markets · 11 May 2026 · EN
SEC filings
- Current report (foreign issuer)31 Jul 2026
- Current report (foreign issuer)31 Jul 2026
- Current report (foreign issuer)31 Jul 2026
- Current report (foreign issuer)24 Jun 2026
- Current report (foreign issuer)11 May 2026
- Current report (foreign issuer)08 May 2026
- Current report (foreign issuer)08 May 2026
- Current report (foreign issuer)08 May 2026
- Current report (foreign issuer)02 Apr 2026
- Current report (foreign issuer)02 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.