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The post Here are the 5 best ASX telecom shares of the 2021 financial year appeared first on The Motley Fool Australia. –
ASX telecom shares put in a mixed performance over the 2021 financial year (FY21).
During the 12 months from 1 July 2020 through to 30 June 2021, the All Ordinaries Index (ASX: XAO) gained 25%.
Only the top 3 performing ASX telecom shares beat the All Ords returns in FY21. And 1 of those 3 companies wasn’t even listed on the exchange when the financial year kicked off.
With that said, and another financial year fading in the rear-view, here are the 5 best performing telecom shares for the year gone by.
Uniti Group Ltd (ASX: UWL)
By far the best performing ASX telecom share is S&P/ASX 200 Index (ASX: XJO) listed Uniti, with shares up 133% in FY21.
Based in South Australia, the internet and telecommunications company is involved in the construction of communications infrastructure, including mobile towers and fibre cables.
Uniti closed the financial year at $3.30 per share. With just under 677 million shares outstanding, Uniti has a market cap of $2.24 billion.
Aussie Broadband Ltd (ASX: ABB)
The second best performing ASX telecom share is Aussie Broadband, with a share price gain of 57% for the financial year just past.
Aussie Broadband is a newcomer to the ASX, having only listed on 16 October. Meaning it wasn’t trading during the first three and a half months of FY21. But having posted more than double the gains of our number 3 ASX telecom share, it’s earned its place in this list.
Active across Australia, the company provides national broadband (NBN) subscriptions to residential properties and businesses large and small.
Aussie Broadband closed on 30 June at $2.95 per share. With some 190 million shares outstanding, it has a market cap of $562 million.
Tuas Ltd (ASX: TUA)
Coming in at number 3 is Tuas, with a financial year share price gain of 27%.
Tuas was incorporated in March 2020 as part of the TPG Telecom Ltd (ASX: TPG) group of companies. Tuas listed on the ASX on 30 June 2020, 1 day before FY21 kicked off.
Tuas finished off FY21 with a share price of 65 cents per share. With roughly 464 million shares outstanding, it has a market cap of $299 million.
Macquarie Telecom Group Ltd. (ASX: MAQ)
With a share price gain of 16%, Macquarie Telecom is the fourth best performing ASX telecom share in FY21.
The company listed on the ASX on 27 September 1999 and operates through 2 segments, telecom and hosting.
Macquarie Telecom closed at $52.91 per share on 30 June, giving it a market cap of $1.14 billion. The company pays a 1.1% dividend yield, fully franked.
Telstra Corp Ltd (ASX: TLS)
Rounding off our list of best performing ASX telecom shares at number 5 is industry powerhouse Telstra, with a share price gain of 13% in FY21.
Telstra is Australia’s largest and longest-running provider of telecommunications and information products and services. It’s also active internationally, with a presence in 20 countries across the globe. With a market cap of $44.72 billion, it’s one of the largest companies on the ASX.
Telstra finished the year at $3.76 per share. It pays an annual dividend yield of 2.8%, fully franked.
The post Here are the 5 best ASX telecom shares of the 2021 financial year appeared first on The Motley Fool Australia.
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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Aussie Broadband Limited. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended Aussie Broadband Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.