Telecom Plus PLC Net Assets
Telecom Plus PLC net assets. Based on the latest financial reports, Telecom Plus PLC (TEP) has net assets worth GBX231.56 Million GBX (≈ $28.17K USD) 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 ≈ $80.60K USD) and total liabilities (GBX430.89 Million ≈ $52.43K USD). 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. Also explore TEP net assets growth trend to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Telecom Plus PLC (1998–2025)
Net assets of Telecom Plus PLC from 1998 to 2025. This chart illustrates how Telecom Plus PLC's net assets have evolved over time, based on quarterly financial data. See how leveraged is Telecom Plus PLC's balance sheet to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see TEP market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | GBX251.51 Million ≈ $30.60K |
+8.12% |
| 2024-03-31 | GBX232.63 Million ≈ $28.30K |
+0.83% |
| 2023-03-31 | GBX230.71 Million ≈ $28.07K |
+12.23% |
| 2022-03-31 | GBX205.57 Million ≈ $25.01K |
-3.20% |
| 2021-03-31 | GBX212.38 Million ≈ $25.84K |
-4.31% |
| 2020-03-31 | GBX221.95 Million ≈ $27.01K |
-1.39% |
| 2019-03-31 | GBX225.09 Million ≈ $27.39K |
-0.85% |
| 2018-03-31 | GBX227.01 Million ≈ $27.62K |
-11.91% |
| 2017-03-31 | GBX257.71 Million ≈ $31.36K |
+29.97% |
| 2016-03-31 | GBX198.28 Million ≈ $24.13K |
+1.00% |
| 2015-03-31 | GBX196.32 Million ≈ $23.89K |
+0.82% |
| 2014-03-31 | GBX194.72 Million ≈ $23.69K |
+175.26% |
| 2013-03-31 | GBX70.74 Million ≈ $8.61K |
+12.63% |
| 2012-03-31 | GBX62.81 Million ≈ $7.64K |
+21.49% |
| 2011-03-31 | GBX51.70 Million ≈ $6.29K |
+16.22% |
| 2010-03-31 | GBX44.49 Million ≈ $5.41K |
-0.23% |
| 2009-03-31 | GBX44.59 Million ≈ $5.43K |
+37.49% |
| 2008-03-31 | GBX32.43 Million ≈ $3.95K |
+0.27% |
| 2007-03-31 | GBX32.35 Million ≈ $3.94K |
+29.63% |
| 2006-03-31 | GBX24.95 Million ≈ $3.04K |
+40.36% |
| 2005-03-31 | GBX17.78 Million ≈ $2.16K |
+36.61% |
| 2004-03-31 | GBX13.01 Million ≈ $1.58K |
+19.66% |
| 2003-03-31 | GBX10.88 Million ≈ $1.32K |
+21.10% |
| 2002-03-31 | GBX8.98 Million ≈ $1.09K |
+19.16% |
| 2001-03-31 | GBX7.54 Million ≈ $917.03 |
+236.77% |
| 2000-03-31 | GBX2.24 Million ≈ $272.30 |
+696.44% |
| 1999-03-31 | GBX281.00K ≈ $34.19 |
+1378.95% |
| 1998-03-31 | GBX19.00K ≈ $2.31 |
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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.
Telecom Plus PLC Net Assets Breakdown (March 2025)
Telecom Plus PLC net assets breakdown by equity component as of 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 |
|---|---|
|
Cambium Networks Corp
NASDAQ:CMBM
|
$8.76 Million |
|
TSR Capital Bhd
KLSE:5042
|
$8.76 Million |
|
Livium Ltd
AU:LIT
|
$8.76 Million |
|
Yummy Town Cayman Holdings
TWO:2726
|
$8.76 Million |
|
Nexcom AS
CO:NEXCOM
|
$8.75 Million |
|
4DS Memory Ltd
AU:4DS
|
$8.75 Million |
|
Umpas Holding AS
IS:UMPAS
|
$8.75 Million |
|
Hateks Hatay Tekstil Isletmeleri AS
IS:HATEK
|
$8.75 Million |
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: 286.75x
- 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 2330981.84x to 286.75x 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 | GBX901.00 | x |
| 1999-03-31 | GBX0.01 | GBX901.00 | x |
| 2000-03-31 | GBX0.05 | GBX901.00 | x |
| 2001-03-31 | GBX0.14 | GBX901.00 | x |
| 2002-03-31 | GBX0.15 | GBX901.00 | x |
| 2003-03-31 | GBX0.18 | GBX901.00 | x |
| 2004-03-31 | GBX0.21 | GBX901.00 | x |
| 2005-03-31 | GBX0.28 | GBX901.00 | x |
| 2006-03-31 | GBX0.37 | GBX901.00 | x |
| 2007-03-31 | GBX0.47 | GBX901.00 | x |
| 2008-03-31 | GBX0.48 | GBX901.00 | x |
| 2009-03-31 | GBX0.66 | GBX901.00 | x |
| 2010-03-31 | GBX0.65 | GBX901.00 | x |
| 2011-03-31 | GBX0.75 | GBX901.00 | x |
| 2012-03-31 | GBX0.89 | GBX901.00 | x |
| 2013-03-31 | GBX1.00 | GBX901.00 | x |
| 2014-03-31 | GBX2.63 | GBX901.00 | x |
| 2015-03-31 | GBX2.44 | GBX901.00 | x |
| 2016-03-31 | GBX2.47 | GBX901.00 | x |
| 2017-03-31 | GBX3.20 | GBX901.00 | x |
| 2018-03-31 | GBX2.87 | GBX901.00 | x |
| 2019-03-31 | GBX2.88 | GBX901.00 | x |
| 2020-03-31 | GBX2.83 | GBX901.00 | x |
| 2021-03-31 | GBX2.70 | GBX901.00 | x |
| 2022-03-31 | GBX2.62 | GBX901.00 | x |
| 2023-03-31 | GBX2.87 | GBX901.00 | x |
| 2024-03-31 | GBX2.91 | GBX901.00 | x |
| 2025-03-31 | GBX3.14 | GBX901.00 | 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: $577,825,548
- Average return on equity (ROE) among peers: 19.17%
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 | $8.75 Million |
| Metlen Energy & Metals PLC (MTLN) | $1.58 Billion | 8.15% | 1.52x | $6.76 Billion |
| SSE PLC (SSE) | $135.40 Million | 17.13% | 4.75x | $385.57 Million |
| Yu Group PLC (YU) | $14.80 Million | 32.23% | 5.00x | $3.64 Million |
About 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