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Total Shareholder Return (TSR)
is the measure of the returns that a company has provided for its
shareholders, reflecting share price movements and assuming reinvestment
of dividends. It is therefore, a good indicator of a company’s overall
performance.
Over the last five years
(as shown in the first TSR chart below), BT’s TSR is positive 34%,
compared to the FTSE 100 TSR of positive 42%. BT’s TSR has caught up
considerably with that of the FTSE 100 mainly due to a strong share price
performance, relative to the FTSE 100, during the 2006/7 financial year.
BT’s share price was up 37% whilst the FTSE 100 Index was up 6% over the
year.
In the period between the
demerger on the 19 November 2001 and 31 March 2007, BT’s TSR was a
positive 29%, compared to negative 3% for the FTSEurofirst 300 Telco
Index. The FTSE 100 TSR over the same period was positive 42%.
The strength of BT’s TSR
performance over the last year is evident with a positive 44% return,
compared to the FTSE 100 TSR with a positive 8% and the FTSEurofirst 300
Telco Index a positive 18%.
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