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Telstra and Mineral Resources: Valuation Signals for ASX Investors
Telstra's 99.4% debt-to-equity ratio and 3.6% dividend yield contrast with Mineral Resources' 12.2% revenue growth and falling profits. Here's the breakdown for ASX investors.
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Telstra Group Ltd, Australia's largest telecommunications company by market share, reported a debt-to-equity ratio of 99.4% for FY24. The figure means the company holds slightly more equity than debt. Over the past five years, Telstra delivered an average dividend yield of 3.6%. Its return on equity for the same fiscal year came in at 10.7%, above the 10% threshold often used as a benchmark for mature businesses.
The company operates more than 22.5 million retail mobile accounts as of 2023. Its network reaches 99.6% of the Australian population, with 5G services covering over 85% of the country. Telstra also has a presence in more than 20 countries, offering services to governments and businesses globally.
Telstra Group Ltd
Telstra builds and operates telecommunications networks across Australia, supplying fixed broadband, mobile, data and IP, and digital media services. Its competitive advantage rests on extensive reach and scale. The company's network covers 99.6% of the Australian population, and it delivers 5G services to over 85% of the country. Outside Australia, Telstra serves governments and businesses in more than 20 countries.