Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Telus Corp
Physical assets are 30.1% of total assets, a mixed footprint. Capex is 0.62x depreciation while free cash flow yield is positive, which can mean an aging base that is still throwing off cash. EBITDA after capex covers debt service by 0.81x, which is below 1.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 1.17x.
Physical asset ratio
30.1%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.17x
Revenue per dollar of the physical asset base.
Capex / D&A
0.62x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$9.26
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $11.85.
Fixed-charge coverage
0.81x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
12.9%
Latest free cash flow divided by current market cap ($18.16B).
ROIC
3.4%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.14x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 37.7% | 1.17x | 1.66x | -$4.47 | 1.10x | $1.18B | 8.8% | 0.23x |
| 2019 | 38.6% | 1.03x | 2.16x | -$6.22 | 0.46x | $33.00M | 8.2% | 0.21x |
| 2020 | 35.6% | 1.02x | 1.37x | -$7.54 | 0.82x | $1.75B | 5.8% | 0.17x |
| 2021 | 34.1% | 1.06x | 2.45x | -$6.44 | -0.08x | -$928.00M | 6.5% | 0.19x |
| 2022 | 32.6% | 1.07x | 1.06x | -$7.64 | 0.82x | $1.16B | 5.4% | 0.17x |
| 2023 | 31.6% | 1.16x | 0.79x | -$8.56 | 0.72x | $1.29B | 4.4% | 0.14x |
| 2024 | 30.9% | 1.16x | 0.86x | -$9.60 | 0.66x | $1.46B | 4.8% | 0.16x |
| 2025 | 30.1% | 1.17x | 0.62x | -$9.26 | 0.81x | $2.35B | 3.4% | 0.14x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $17.46B
Inventory: $482.00M
Total assets: $59.61B
Goodwill: $10.46B
Intangibles: $20.33B
Liabilities: $43.03B
Tangible book: -$14.21B
Shares: 1,535,000,000
Revenue: $20.35B
Capex: $2.52B
D&A: $4.04B
EBITDA: $6.77B
Interest: $1.21B
Short-term debt: $4.02B
Free cash flow: $2.35B
Operating income: $2.36B
Invested capital: $44.61B
Tax rate: 35.4%