Telecom Plus PLC
Telecom Plus Plc provides utility services in the United Kingdom. It is involved in the resale of various services, including gas, electricity, fixed line telephony, mobile telephony, broadband, and insurance, as well as bill protection and life cover, home insurance and boiler cover, and cashback card services under the Utility Warehouse and TML brands. The company was incorporated in 1996 and i… Read more
Telecom Plus PLC (TEP) - Net Assets
Latest net assets as of September 2025: GBX231.56 Million GBX
Based on the latest financial reports, Telecom Plus PLC (TEP) has net assets worth GBX231.56 Million GBX as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX662.45 Million) and total liabilities (GBX430.89 Million). 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 | GBX231.56 Million |
| % of Total Assets | 34.96% |
| Annual Growth Rate | 42.12% |
| 5-Year Change | 18.43% |
| 10-Year Change | 26.85% |
| Growth Volatility | 285.26 |
Telecom Plus PLC - Net Assets Trend (1998–2025)
This chart illustrates how Telecom Plus PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Telecom Plus PLC (1998–2025)
The table below shows the annual net assets of Telecom Plus PLC from 1998 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX251.51 Million | +8.12% |
| 2024-03-31 | GBX232.63 Million | +0.83% |
| 2023-03-31 | GBX230.71 Million | +12.23% |
| 2022-03-31 | GBX205.57 Million | -3.20% |
| 2021-03-31 | GBX212.38 Million | -4.31% |
| 2020-03-31 | GBX221.95 Million | -1.39% |
| 2019-03-31 | GBX225.09 Million | -0.85% |
| 2018-03-31 | GBX227.01 Million | -11.91% |
| 2017-03-31 | GBX257.71 Million | +29.97% |
| 2016-03-31 | GBX198.28 Million | +1.00% |
| 2015-03-31 | GBX196.32 Million | +0.82% |
| 2014-03-31 | GBX194.72 Million | +175.26% |
| 2013-03-31 | GBX70.74 Million | +12.63% |
| 2012-03-31 | GBX62.81 Million | +21.49% |
| 2011-03-31 | GBX51.70 Million | +16.22% |
| 2010-03-31 | GBX44.49 Million | -0.23% |
| 2009-03-31 | GBX44.59 Million | +37.49% |
| 2008-03-31 | GBX32.43 Million | +0.27% |
| 2007-03-31 | GBX32.35 Million | +29.63% |
| 2006-03-31 | GBX24.95 Million | +40.36% |
| 2005-03-31 | GBX17.78 Million | +36.61% |
| 2004-03-31 | GBX13.01 Million | +19.66% |
| 2003-03-31 | GBX10.88 Million | +21.10% |
| 2002-03-31 | GBX8.98 Million | +19.16% |
| 2001-03-31 | GBX7.54 Million | +236.77% |
| 2000-03-31 | GBX2.24 Million | +696.44% |
| 1999-03-31 | GBX281.00K | +1378.95% |
| 1998-03-31 | GBX19.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Telecom Plus PLC'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 grown by 10461200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX102.71 Million | 40.84% |
| Common Stock | GBX4.04 Million | 1.61% |
| Other Comprehensive Income | GBX107.00K | 0.04% |
| Other Components | GBX144.65 Million | 57.51% |
| Total Equity | GBX251.51 Million | 100.00% |
Telecom Plus PLC Competitors by Market Cap
The table below lists competitors of Telecom Plus PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kayne Anderson MLP Investment Closed Fund
NYSE:KYN
|
$130.59K |
|
Clal Biotechnology Industries Ltd
TA:CBI
|
$130.78K |
|
ZeU Technologies Inc
PINK:ZEUCF
|
$130.79K |
|
Itau Tempus Fundo De Investimento Imobiliario
SA:TMPS11
|
$130.80K |
|
TRPRF
OTCGREY:TRPRF
|
$130.49K |
|
IGS Capital Group Ltd
PINK:IGSC
|
$130.42K |
|
Formuepleje Obligationer
CO:FPIOBL
|
$130.30K |
|
Royce Global Value Trust Inc
NYSE:RGT
|
$130.21K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Telecom Plus PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 232,631,000 to 251,510,000, a change of 18,879,000 (8.1%).
- Net income of 76,097,000 contributed positively to equity growth.
- Dividend payments of 66,437,000 reduced retained earnings.
- New share issuances of 5,821,000 increased equity.
- Other factors increased equity by 3,398,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX76.10 Million | +30.26% |
| Dividends Paid | GBX66.44 Million | -26.42% |
| Share Issuances | GBX5.82 Million | +2.31% |
| Other Changes | GBX3.40 Million | +1.35% |
| Total Change | GBX- | 8.12% |
Book Value vs Market Value Analysis
This analysis compares Telecom Plus PLC'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: 416.28x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 3383933.68x to 416.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-03-31 | GBX0.00 | GBX1308.00 | x |
| 1999-03-31 | GBX0.01 | GBX1308.00 | x |
| 2000-03-31 | GBX0.05 | GBX1308.00 | x |
| 2001-03-31 | GBX0.14 | GBX1308.00 | x |
| 2002-03-31 | GBX0.15 | GBX1308.00 | x |
| 2003-03-31 | GBX0.18 | GBX1308.00 | x |
| 2004-03-31 | GBX0.21 | GBX1308.00 | x |
| 2005-03-31 | GBX0.28 | GBX1308.00 | x |
| 2006-03-31 | GBX0.37 | GBX1308.00 | x |
| 2007-03-31 | GBX0.47 | GBX1308.00 | x |
| 2008-03-31 | GBX0.48 | GBX1308.00 | x |
| 2009-03-31 | GBX0.66 | GBX1308.00 | x |
| 2010-03-31 | GBX0.65 | GBX1308.00 | x |
| 2011-03-31 | GBX0.75 | GBX1308.00 | x |
| 2012-03-31 | GBX0.89 | GBX1308.00 | x |
| 2013-03-31 | GBX1.00 | GBX1308.00 | x |
| 2014-03-31 | GBX2.63 | GBX1308.00 | x |
| 2015-03-31 | GBX2.44 | GBX1308.00 | x |
| 2016-03-31 | GBX2.47 | GBX1308.00 | x |
| 2017-03-31 | GBX3.20 | GBX1308.00 | x |
| 2018-03-31 | GBX2.87 | GBX1308.00 | x |
| 2019-03-31 | GBX2.88 | GBX1308.00 | x |
| 2020-03-31 | GBX2.83 | GBX1308.00 | x |
| 2021-03-31 | GBX2.70 | GBX1308.00 | x |
| 2022-03-31 | GBX2.62 | GBX1308.00 | x |
| 2023-03-31 | GBX2.87 | GBX1308.00 | x |
| 2024-03-31 | GBX2.91 | GBX1308.00 | x |
| 2025-03-31 | GBX3.14 | GBX1308.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telecom Plus PLC 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): 30.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.14%
- • Asset Turnover: 2.50x
- • Equity Multiplier: 2.93x
- Recent ROE (30.26%) is above the historical average (-297.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | -8578.95% | -123.20% | 1.10x | 63.53x | GBX-1.63 Million |
| 1999 | -403.91% | -18.23% | 2.26x | 9.80x | GBX-1.16 Million |
| 2000 | -16.18% | -1.89% | 2.08x | 4.13x | GBX-585.80K |
| 2001 | 32.32% | 8.67% | 1.70x | 2.19x | GBX1.68 Million |
| 2002 | 32.90% | 9.04% | 1.72x | 2.11x | GBX2.06 Million |
| 2003 | 36.60% | 6.86% | 2.35x | 2.27x | GBX2.89 Million |
| 2004 | 57.28% | 9.11% | 2.77x | 2.27x | GBX6.15 Million |
| 2005 | 43.02% | 7.46% | 3.13x | 1.84x | GBX5.87 Million |
| 2006 | -5.53% | -1.01% | 2.98x | 1.83x | GBX-3.88 Million |
| 2007 | 26.61% | 4.89% | 2.68x | 2.03x | GBX5.37 Million |
| 2008 | 36.86% | 6.41% | 2.67x | 2.16x | GBX8.71 Million |
| 2009 | 36.29% | 5.81% | 2.69x | 2.32x | GBX11.72 Million |
| 2010 | 30.21% | 3.64% | 3.58x | 2.31x | GBX8.99 Million |
| 2011 | 40.09% | 4.95% | 3.34x | 2.43x | GBX15.55 Million |
| 2012 | 37.34% | 4.97% | 3.36x | 2.23x | GBX17.17 Million |
| 2013 | 38.26% | 4.50% | 3.32x | 2.56x | GBX19.99 Million |
| 2014 | 14.10% | 4.16% | 1.41x | 2.40x | GBX7.99 Million |
| 2015 | 16.45% | 4.43% | 1.69x | 2.19x | GBX12.67 Million |
| 2016 | 16.02% | 4.27% | 1.72x | 2.18x | GBX11.95 Million |
| 2017 | 11.81% | 4.11% | 1.85x | 1.55x | GBX4.67 Million |
| 2018 | 13.43% | 3.85% | 1.81x | 1.93x | GBX7.79 Million |
| 2019 | 14.69% | 4.12% | 1.85x | 1.92x | GBX10.57 Million |
| 2020 | 16.15% | 4.10% | 1.81x | 2.17x | GBX13.67 Million |
| 2021 | 15.31% | 3.78% | 1.86x | 2.17x | GBX11.29 Million |
| 2022 | 17.18% | 3.67% | 2.08x | 2.26x | GBX14.82 Million |
| 2023 | 29.66% | 2.76% | 3.11x | 3.44x | GBX45.36 Million |
| 2024 | 30.54% | 3.48% | 3.13x | 2.80x | GBX47.77 Million |
| 2025 | 30.26% | 4.14% | 2.50x | 2.93x | GBX50.95 Million |
Industry Comparison
This section compares Telecom Plus PLC's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $1,067,442,500
- Average return on equity (ROE) among peers: 30.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Telecom Plus PLC (TEP) | GBX231.56 Million | -8578.95% | 1.86x | $130.55K |
| AB Ignitis grupe (IGN) | $2.13 Billion | 13.80% | 1.48x | $405.87 Million |
| Yu Group PLC (YU) | $9.29 Million | 47.94% | 5.42x | $39.64K |