Intrinsic value of TELUS - TU

Previous Close

$35.55

  Intrinsic Value

$13.00

stock screener

  Rating & Target

str. sell

-63%

  Value-price divergence*

-35%

Previous close

$35.55

 
Intrinsic value

$13.00

 
Up/down potential

-63%

 
Rating

str. sell

 
Value-price divergence*

-35%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of TU stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 20.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.37
  2.80
  3.02
  3.22
  3.40
  3.56
  3.70
  3.83
  3.95
  4.05
  4.15
  4.23
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
Revenue, $m
  9,418
  9,682
  9,974
  10,295
  10,645
  11,023
  11,431
  11,869
  12,338
  12,838
  13,370
  13,936
  14,537
  15,173
  15,847
  16,560
  17,313
  18,108
  18,947
  19,831
  20,764
  21,747
  22,782
  23,871
  25,019
  26,226
  27,495
  28,831
  30,236
  31,713
  33,266
Variable operating expenses, $m
 
  8,202
  8,441
  8,704
  8,990
  9,300
  9,634
  9,992
  10,375
  10,785
  11,220
  11,403
  11,895
  12,415
  12,967
  13,550
  14,166
  14,816
  15,503
  16,227
  16,990
  17,794
  18,641
  19,533
  20,471
  21,459
  22,498
  23,591
  24,740
  25,949
  27,219
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  8,155
  8,202
  8,441
  8,704
  8,990
  9,300
  9,634
  9,992
  10,375
  10,785
  11,220
  11,403
  11,895
  12,415
  12,967
  13,550
  14,166
  14,816
  15,503
  16,227
  16,990
  17,794
  18,641
  19,533
  20,471
  21,459
  22,498
  23,591
  24,740
  25,949
  27,219
Operating income, $m
  1,263
  1,479
  1,533
  1,591
  1,655
  1,723
  1,797
  1,877
  1,962
  2,053
  2,150
  2,533
  2,642
  2,758
  2,880
  3,010
  3,147
  3,291
  3,444
  3,605
  3,774
  3,953
  4,141
  4,339
  4,547
  4,767
  4,998
  5,240
  5,496
  5,764
  6,046
EBITDA, $m
  2,778
  3,078
  3,171
  3,273
  3,384
  3,504
  3,634
  3,773
  3,922
  4,081
  4,251
  4,431
  4,621
  4,824
  5,038
  5,265
  5,504
  5,757
  6,023
  6,305
  6,601
  6,914
  7,243
  7,589
  7,954
  8,338
  8,741
  9,166
  9,612
  10,082
  10,576
Interest expense (income), $m
  377
  373
  389
  407
  427
  448
  471
  496
  523
  551
  582
  614
  649
  685
  724
  765
  808
  854
  903
  954
  1,008
  1,065
  1,125
  1,188
  1,254
  1,324
  1,398
  1,475
  1,556
  1,642
  1,732
Earnings before tax, $m
  1,230
  1,106
  1,143
  1,184
  1,228
  1,275
  1,326
  1,381
  1,440
  1,502
  1,568
  1,919
  1,994
  2,073
  2,156
  2,245
  2,338
  2,437
  2,541
  2,651
  2,766
  2,888
  3,016
  3,151
  3,293
  3,443
  3,600
  3,765
  3,939
  4,122
  4,314
Tax expense, $m
  315
  299
  309
  320
  332
  344
  358
  373
  389
  406
  423
  518
  538
  560
  582
  606
  631
  658
  686
  716
  747
  780
  814
  851
  889
  930
  972
  1,017
  1,064
  1,113
  1,165
Net income, $m
  905
  808
  835
  864
  896
  931
  968
  1,008
  1,051
  1,096
  1,145
  1,401
  1,455
  1,513
  1,574
  1,639
  1,707
  1,779
  1,855
  1,935
  2,019
  2,108
  2,202
  2,300
  2,404
  2,513
  2,628
  2,749
  2,876
  3,009
  3,150

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  320
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  20,524
  20,776
  21,404
  22,092
  22,843
  23,655
  24,531
  25,470
  26,476
  27,549
  28,691
  29,906
  31,195
  32,561
  34,007
  35,536
  37,152
  38,858
  40,658
  42,557
  44,558
  46,667
  48,888
  51,226
  53,688
  56,278
  59,003
  61,869
  64,884
  68,053
  71,385
Adjusted assets (=assets-cash), $m
  20,204
  20,776
  21,404
  22,092
  22,843
  23,655
  24,531
  25,470
  26,476
  27,549
  28,691
  29,906
  31,195
  32,561
  34,007
  35,536
  37,152
  38,858
  40,658
  42,557
  44,558
  46,667
  48,888
  51,226
  53,688
  56,278
  59,003
  61,869
  64,884
  68,053
  71,385
Revenue / Adjusted assets
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
  0.466
Average production assets, $m
  15,006
  15,423
  15,889
  16,400
  16,957
  17,560
  18,210
  18,908
  19,654
  20,451
  21,299
  22,200
  23,157
  24,171
  25,244
  26,380
  27,579
  28,846
  30,182
  31,592
  33,077
  34,643
  36,291
  38,027
  39,855
  41,777
  43,800
  45,928
  48,166
  50,518
  52,992
Working capital, $m
  -1,833
  -968
  -997
  -1,030
  -1,064
  -1,102
  -1,143
  -1,187
  -1,234
  -1,284
  -1,337
  -1,394
  -1,454
  -1,517
  -1,585
  -1,656
  -1,731
  -1,811
  -1,895
  -1,983
  -2,076
  -2,175
  -2,278
  -2,387
  -2,502
  -2,623
  -2,750
  -2,883
  -3,024
  -3,171
  -3,327
Total debt, $m
  9,645
  9,732
  10,178
  10,667
  11,199
  11,776
  12,398
  13,065
  13,779
  14,541
  15,352
  16,214
  17,129
  18,099
  19,126
  20,211
  21,359
  22,570
  23,848
  25,196
  26,617
  28,114
  29,691
  31,352
  33,099
  34,938
  36,873
  38,908
  41,048
  43,299
  45,665
Total liabilities, $m
  14,664
  14,751
  15,197
  15,686
  16,218
  16,795
  17,417
  18,084
  18,798
  19,560
  20,371
  21,233
  22,148
  23,118
  24,145
  25,230
  26,378
  27,589
  28,867
  30,215
  31,636
  33,133
  34,710
  36,371
  38,118
  39,957
  41,892
  43,927
  46,067
  48,318
  50,684
Total equity, $m
  5,860
  6,025
  6,207
  6,407
  6,624
  6,860
  7,114
  7,386
  7,678
  7,989
  8,321
  8,673
  9,046
  9,443
  9,862
  10,305
  10,774
  11,269
  11,791
  12,341
  12,922
  13,533
  14,177
  14,856
  15,569
  16,321
  17,111
  17,942
  18,816
  19,735
  20,702
Total liabilities and equity, $m
  20,524
  20,776
  21,404
  22,093
  22,842
  23,655
  24,531
  25,470
  26,476
  27,549
  28,692
  29,906
  31,194
  32,561
  34,007
  35,535
  37,152
  38,858
  40,658
  42,556
  44,558
  46,666
  48,887
  51,227
  53,687
  56,278
  59,003
  61,869
  64,883
  68,053
  71,386
Debt-to-equity ratio
  1.646
  1.620
  1.640
  1.660
  1.690
  1.720
  1.740
  1.770
  1.790
  1.820
  1.850
  1.870
  1.890
  1.920
  1.940
  1.960
  1.980
  2.000
  2.020
  2.040
  2.060
  2.080
  2.090
  2.110
  2.130
  2.140
  2.150
  2.170
  2.180
  2.190
  2.210
Adjusted equity ratio
  0.278
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290
  0.290

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  905
  808
  835
  864
  896
  931
  968
  1,008
  1,051
  1,096
  1,145
  1,401
  1,455
  1,513
  1,574
  1,639
  1,707
  1,779
  1,855
  1,935
  2,019
  2,108
  2,202
  2,300
  2,404
  2,513
  2,628
  2,749
  2,876
  3,009
  3,150
Depreciation, amort., depletion, $m
  1,515
  1,599
  1,638
  1,682
  1,730
  1,781
  1,837
  1,896
  1,960
  2,028
  2,101
  1,897
  1,979
  2,066
  2,158
  2,255
  2,357
  2,465
  2,580
  2,700
  2,827
  2,961
  3,102
  3,250
  3,406
  3,571
  3,744
  3,925
  4,117
  4,318
  4,529
Funds from operations, $m
  2,425
  2,406
  2,473
  2,546
  2,626
  2,712
  2,805
  2,905
  3,011
  3,125
  3,246
  3,298
  3,435
  3,579
  3,732
  3,893
  4,064
  4,244
  4,435
  4,635
  4,846
  5,069
  5,304
  5,551
  5,811
  6,084
  6,372
  6,674
  6,992
  7,327
  7,679
Change in working capital, $m
  42
  -26
  -29
  -32
  -35
  -38
  -41
  -44
  -47
  -50
  -53
  -57
  -60
  -64
  -67
  -71
  -75
  -80
  -84
  -88
  -93
  -98
  -103
  -109
  -115
  -121
  -127
  -134
  -140
  -148
  -155
Cash from operations, $m
  2,383
  2,433
  2,502
  2,578
  2,661
  2,750
  2,846
  2,948
  3,058
  3,175
  3,299
  3,355
  3,495
  3,643
  3,799
  3,965
  4,139
  4,324
  4,518
  4,724
  4,940
  5,167
  5,407
  5,660
  5,925
  6,205
  6,499
  6,808
  7,133
  7,475
  7,834
Maintenance CAPEX, $m
  0
  -1,283
  -1,318
  -1,358
  -1,402
  -1,449
  -1,501
  -1,556
  -1,616
  -1,680
  -1,748
  -1,820
  -1,897
  -1,979
  -2,066
  -2,158
  -2,255
  -2,357
  -2,465
  -2,580
  -2,700
  -2,827
  -2,961
  -3,102
  -3,250
  -3,406
  -3,571
  -3,744
  -3,925
  -4,117
  -4,318
New CAPEX, $m
  -2,318
  -417
  -466
  -511
  -557
  -603
  -650
  -698
  -746
  -797
  -848
  -902
  -957
  -1,014
  -1,073
  -1,135
  -1,199
  -1,267
  -1,336
  -1,409
  -1,486
  -1,565
  -1,649
  -1,736
  -1,827
  -1,923
  -2,023
  -2,128
  -2,238
  -2,353
  -2,474
Cash from investing activities, $m
  -2,163
  -1,700
  -1,784
  -1,869
  -1,959
  -2,052
  -2,151
  -2,254
  -2,362
  -2,477
  -2,596
  -2,722
  -2,854
  -2,993
  -3,139
  -3,293
  -3,454
  -3,624
  -3,801
  -3,989
  -4,186
  -4,392
  -4,610
  -4,838
  -5,077
  -5,329
  -5,594
  -5,872
  -6,163
  -6,470
  -6,792
Free cash flow, $m
  220
  733
  718
  709
  702
  698
  695
  694
  695
  698
  703
  633
  640
  649
  660
  672
  685
  700
  717
  734
  754
  775
  798
  822
  848
  876
  905
  936
  970
  1,005
  1,043
Issuance/(repayment) of debt, $m
  654
  407
  445
  489
  533
  577
  622
  667
  714
  762
  811
  862
  915
  970
  1,027
  1,086
  1,147
  1,211
  1,278
  1,348
  1,421
  1,497
  1,577
  1,660
  1,748
  1,839
  1,935
  2,035
  2,140
  2,250
  2,366
Issuance/(repurchase) of shares, $m
  -132
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  728
  407
  445
  489
  533
  577
  622
  667
  714
  762
  811
  862
  915
  970
  1,027
  1,086
  1,147
  1,211
  1,278
  1,348
  1,421
  1,497
  1,577
  1,660
  1,748
  1,839
  1,935
  2,035
  2,140
  2,250
  2,366
Total cash flow (excl. dividends), $m
  947
  1,140
  1,164
  1,198
  1,235
  1,274
  1,317
  1,362
  1,409
  1,460
  1,514
  1,495
  1,556
  1,619
  1,687
  1,758
  1,833
  1,912
  1,995
  2,083
  2,175
  2,272
  2,374
  2,482
  2,595
  2,715
  2,840
  2,972
  3,110
  3,256
  3,408
Retained Cash Flow (-), $m
  -182
  -165
  -182
  -200
  -218
  -236
  -254
  -273
  -292
  -311
  -331
  -352
  -374
  -396
  -419
  -443
  -469
  -495
  -522
  -551
  -580
  -612
  -644
  -678
  -714
  -751
  -790
  -831
  -874
  -919
  -966
Prev. year cash balance distribution, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  975
  982
  998
  1,017
  1,039
  1,063
  1,089
  1,118
  1,149
  1,183
  1,143
  1,182
  1,223
  1,267
  1,314
  1,364
  1,417
  1,473
  1,532
  1,595
  1,661
  1,730
  1,804
  1,882
  1,963
  2,050
  2,140
  2,236
  2,336
  2,442
Discount rate, %
 
  8.40
  8.82
  9.26
  9.72
  10.21
  10.72
  11.26
  11.82
  12.41
  13.03
  13.68
  14.37
  15.09
  15.84
  16.63
  17.46
  18.34
  19.25
  20.22
  21.23
  22.29
  23.40
  24.57
  25.80
  27.09
  28.45
  29.87
  31.36
  32.93
  34.58
PV of cash for distribution, $m
 
  900
  829
  765
  702
  639
  577
  516
  457
  401
  347
  279
  236
  197
  162
  131
  104
  81
  62
  46
  34
  24
  17
  12
  8
  5
  3
  2
  1
  1
  0
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company’s telecommunications products and services comprise wireless and wireline voice and data; data services, including Internet protocol; television; hosting, managed information technology, and cloud-based services; healthcare solutions; and business process outsourcing solutions. It also holds spectrum licenses; and offers wireless handsets. The company was formerly known as TELUS Communications Inc. and changed its name to TELUS Corporation in February 2005. TELUS Corporation was founded in 1993 and is based in Vancouver, Canada.

FINANCIAL RATIOS  of  TELUS (TU)

Valuation Ratios
P/E Ratio 23.2
Price to Sales 2.2
Price to Book 3.6
Price to Tangible Book
Price to Cash Flow 8.8
Price to Free Cash Flow 322.7
Growth Rates
Sales Growth Rate 2.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -32.3%
Cap. Spend. - 3 Yr. Gr. Rate 7.5%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 146.6%
Total Debt to Equity 164.6%
Interest Coverage 4
Management Effectiveness
Return On Assets 5.9%
Ret/ On Assets - 3 Yr. Avg. 6.9%
Return On Total Capital 6%
Ret/ On T. Cap. - 3 Yr. Avg. 7.4%
Return On Equity 15.7%
Return On Equity - 3 Yr. Avg. 17.5%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 55.8%
Gross Margin - 3 Yr. Avg. 55.6%
EBITDA Margin 33.1%
EBITDA Margin - 3 Yr. Avg. 34.2%
Operating Margin 13.4%
Oper. Margin - 3 Yr. Avg. 16.6%
Pre-Tax Margin 13.1%
Pre-Tax Margin - 3 Yr. Avg. 14.9%
Net Profit Margin 9.6%
Net Profit Margin - 3 Yr. Avg. 10.9%
Effective Tax Rate 25.6%
Eff/ Tax Rate - 3 Yr. Avg. 26.4%
Payout Ratio 87.5%

TU stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TU stock intrinsic value calculation we used $9418 million for the last fiscal year's total revenue generated by TELUS. The default revenue input number comes from 2016 income statement of TELUS. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TU stock valuation model: a) initial revenue growth rate of 2.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.4%, whose default value for TU is calculated based on our internal credit rating of TELUS, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of TELUS.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TU stock the variable cost ratio is equal to 84.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for TU stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 4% for TELUS.

Corporate tax rate of 27% is the nominal tax rate for TELUS. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TU stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TU are equal to 159.3%.

Life of production assets of 11.7 years is the average useful life of capital assets used in TELUS operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TU is equal to -10%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $5860 million for TELUS - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 579.938 million for TELUS is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of TELUS at the current share price and the inputted number of shares is $20.6 billion.

RELATED COMPANIES Price Int.Val. Rating
BCE BCE 47.03 26.60  sell
RCI Rogers Communi 51.41 21.14  str.sell
SJR Shaw Communica 22.06 13.28  sell
MSFT Microsoft 73.65 47.21  sell
NFLX Netflix 169.98 74.83  str.sell
VG Vonage Holding 8.16 4.42  sell

COMPANY NEWS

▶ TELUS International Acquires Voxpro   [Aug-16-17 11:15AM  CNW Group]
▶ Top Ranked Income Stocks to Buy for August 15th   [Aug-15-17 10:41AM  Zacks]
▶ Stock Market News For August 14, 2017   [Aug-14-17 10:05AM  Zacks]
▶ Telus misses Street 2Q forecasts   [Aug-11-17 10:15PM  Associated Press]
▶ Should You Sell TELUS (TU) Before Earnings?   [Aug-10-17 09:00AM  Zacks]
▶ ETFs with exposure to TELUS Corp. : June 8, 2017   [Jun-08-17 01:58PM  Capital Cube]
▶ TELUS named to CRN's 2017 Solution Provider 500 list   [Jun-07-17 09:00AM  Marketwired]
▶ TELUS International Launches Omnichannel Solution   [Jun-06-17 09:00AM  PR Newswire]
▶ ETFs with exposure to TELUS Corp. : May 23, 2017   [May-23-17 01:10PM  Capital Cube]
▶ Stock Market News for May 12, 2017   [May-12-17 10:00AM  Zacks]
▶ TELUS announces election of directors   [May-11-17 05:06PM  Marketwired]
▶ TELUS closes US and Canadian debt offerings   [Mar-06-17 11:00AM  Marketwired]
▶ TELUS to expand its wireless business in Manitoba   [Feb-15-17 09:24AM  Marketwired]
▶ Is Cummins Inc. (CMI) a Good Stock to Buy?   [Dec-13-16 07:06AM  at Insider Monkey]
▶ Hedge Funds Are Buying Analog Devices, Inc. (ADI)   [Dec-08-16 01:55AM  at Insider Monkey]
Stock chart of TU Financial statements of TU
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.