TELUS
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipme… Read more
TELUS (BCZ) - Net Assets
Latest net assets as of September 2025: €17.52 Billion EUR
Based on the latest financial reports, TELUS (BCZ) has net assets worth €17.52 Billion EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€58.86 Billion) and total liabilities (€41.34 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €17.52 Billion |
| % of Total Assets | 29.77% |
| Annual Growth Rate | 1.51% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.87 |
TELUS - Net Assets Trend (2021–2024)
This chart illustrates how TELUS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for TELUS (2021–2024)
The table below shows the annual net assets of TELUS from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €16.80 Billion | -2.91% |
| 2023-12-31 | €17.30 Billion | -2.02% |
| 2022-12-31 | €17.66 Billion | +9.96% |
| 2021-12-31 | €16.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to TELUS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 64.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.52 Billion | 9.73% |
| Other Components | €14.10 Billion | 90.27% |
| Total Equity | €15.62 Billion | 100.00% |
TELUS Competitors by Market Cap
The table below lists competitors of TELUS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RB Global Inc.
NYSE:RBA
|
$17.78 Billion |
|
PTC Inc
NASDAQ:PTC
|
$17.80 Billion |
|
Lululemon Athletica Inc.
NASDAQ:LULU
|
$17.82 Billion |
|
TDK Corporation
PINK:TTDKF
|
$17.82 Billion |
|
Essity AB (publ)
PINK:ETTYF
|
$17.74 Billion |
|
Wilmar International Ltd
PINK:WLMIY
|
$17.71 Billion |
|
Centene Corp
NYSE:CNC
|
$17.70 Billion |
|
Huatai Securities Co. Ltd
PINK:HUATF
|
$17.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in TELUS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,112,000,000 to 15,620,000,000, a change of -492,000,000 (-3.1%).
- Net income of 993,000,000 contributed positively to equity growth.
- Dividend payments of 1,562,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €993.00 Million | +6.36% |
| Dividends Paid | €1.56 Billion | -10.0% |
| Other Changes | €77.00 Million | +0.49% |
| Total Change | €- | -3.05% |
Book Value vs Market Value Analysis
This analysis compares TELUS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.08x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €11.03 | €11.20 | x |
| 2022-12-31 | €11.58 | €11.20 | x |
| 2023-12-31 | €10.98 | €11.20 | x |
| 2024-12-31 | €10.39 | €11.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently TELUS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.93%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.71x
- Recent ROE (6.36%) is below the historical average (8.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 10.95% | 9.83% | 0.35x | 3.17x | €143.40 Million |
| 2022 | 9.75% | 8.83% | 0.34x | 3.26x | €-41.90 Million |
| 2023 | 5.22% | 4.20% | 0.36x | 3.48x | €-770.20 Million |
| 2024 | 6.36% | 4.93% | 0.35x | 3.71x | €-569.00 Million |
Industry Comparison
This section compares TELUS's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $5,499,333,547
- Average return on equity (ROE) among peers: -33.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| TELUS (BCZ) | €17.52 Billion | 10.95% | 2.36x | $17.77 Billion |
| Tower One Wireless Corp (1P3N) | $2.41 Million | -396.85% | 1.20x | $1.64 Million |
| 1&1 AG (1U1) | $233.67 Million | 0.00% | 0.65x | $499.86 Million |
| Bahnhof AB (publ) (3B7) | $468.65 Million | 32.08% | 1.27x | $113.53 Million |
| Liberty Global Ltd. (3O41) | $25.60 Billion | 52.45% | 0.83x | $2.78 Billion |
| Hutchison Telecommunications Hong Kong Holdings Limited (4C6) | $11.96 Billion | 3.59% | 0.21x | $192.77 Million |
| 53N (53N) | $784.29 Million | 10.78% | 3.30x | $937.43 Million |
| BLUE LABEL (5TP) | $5.11 Billion | 12.66% | 1.96x | $374.98 Million |
| Pentanet Limited (83K) | $31.16 Million | -24.29% | 0.54x | $3.44 Million |
| APT Satellite Holdings Limited (AY8) | $5.30 Billion | 9.52% | 0.38x | $137.02 Million |