Tuas Ltd. (TUA) AI Stock Analysis

• Market Cap: AU$2.77B
• Dividend Yield: N/A
• Average Volume (3M): 537.29K
• Price to Earnings (P/E): 1103.8
• Beta (1Y): 0.78
• Revenue Growth: 35.57%
• EPS Growth: N/A
• Country: AU
• Employees: 150
• Sector: Communication Services
• Sector Strength: 90
• Industry: Telecommunications Services
• EPS (TTM): <0.01
• Shares Outstanding: 467,871,860
• 10 Day Avg. Volume: 437,696
• 30 Day Avg. Volume: 537,295
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$7.05
• Price Target Upside: 20.51% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 61 Neutral
• Price Target: AU$6.00 ▲(2.56%Upside)

Tuas Ltd.'s overall score is bolstered by strong financial performance, particularly in revenue growth and cash flow improvements, and a stable equity position. However, the high P/E ratio and lack of profitability weigh heavily on the score, indicating potential overvaluation concerns. Technical indicators suggest neutral market momentum.

Positive Factors

Cost Efficiency

Tuas Ltd expects continued revenue growth and share gains, supported by a highly efficient cost base and digital-led sales strategy.

Revenue Growth

Revenue increased by 34% with continued momentum in the mobile segment.

Subscriber Growth

TUA added 107k mobile subscribers despite strong competition, indicating potential for further growth in the mobile market.

Negative Factors

Competitive Pressure

Despite adding 107k subscribers, TUA faces strong competition in the mobile market.

Tuas Ltd. Business Overview & Revenue Model

Company Description

Tuas Limited develops a mobile network in Singapore. It also offers mobile telecommunications services, including data, voice, SMS, roaming, and other services. The company was incorporated in 2020 and is based in Sydney, Australia.

How the Company Makes Money

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Tuas Ltd. Financial Statement Overview

Summary

Tuas Ltd. shows strong revenue growth and operational improvements, particularly in revenue and cash flow. The company benefits from a strong equity position and low leverage, but faces challenges in achieving profitability.

Income Statement

Tuas Ltd. demonstrates strong revenue growth from the previous year, with a notable increase from $86.1 million in 2023 to $117.1 million in 2024. The gross profit margin improved significantly, climbing from 66.0% to 69.5%. However, the net profit margin remains negative, indicating ongoing profitability challenges, despite the reduction in net losses. EBITDA margin improved markedly, showcasing operational efficiency improvements.

Balance Sheet

The balance sheet shows a robust equity position with an equity ratio of 91.8%, reflecting low leverage. The debt-to-equity ratio is very low at 0.3%, indicating minimal reliance on debt. However, consistent net losses have impacted return on equity, which remains negative. The financial structure is stable with a solid equity base but lacks profitability.

Cash Flow

Operating cash flow increased significantly, and free cash flow turned positive, reflecting improved cash management and operational performance. The free cash flow to net income ratio is positive, indicating efficient conversion of income into cash. However, the company needs to maintain this trajectory to ensure continued cash flow stability.

Breakdown
Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
117.06M	86.10M	57.43M	30.90M	5.10M
	Gross Profit
81.31M	56.88M	35.15M	9.96M	-4.08M
	EBIT
-3.50M	-13.58M	-26.52M	-26.02M	-18.85M
	EBITDA
49.74M	31.42M	15.54M	2.25M	-8.84M
	Net Income Common Stockholders
-4.37M	-15.30M	-26.73M	-20.87M	-15.53M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
55.33M	44.00M	49.55M	94.58M	55.21M
	Total Assets
476.59M	468.21M	476.12M	493.98M	431.47M
	Total Debt
1.49M	2.00M	2.52M	2.35M	60.46K
	Net Debt
-18.71M	-7.09M	-14.09M	-58.68M	-55.15M
	Total Liabilities
39.05M	27.98M	22.33M	15.23M	13.51M
	Stockholders Equity
437.54M	440.23M	453.79M	478.75M	417.96M
Cash Flow		Free Cash Flow
12.00M	-4.61M	-44.49M	-25.41M	-96.08M
	Operating Cash Flow
59.99M	39.97M	22.57M	-3.90M	-4.27M
	Investing Cash Flow
-48.21M	-46.56M	-66.46M	1.08M	-92.97M
	Financing Cash Flow
-587.00K	-582.00K	-544.00K	18.28M	151.59M

Tuas Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.85
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TUA, the sentiment is Positive. The current price of 5.85 is above the 20-day moving average (MA) of 5.76, above the 50-day MA of 5.59, and above the 200-day MA of 5.64, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 54.38 is Neutral, neither overbought nor oversold. The STOCH value of 60.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TUA.

Tuas Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$14.75B	5.86	-3.99%	6.11%	2.67%	-30.24%
TUA	61 Neutral	AU$2.77B	1,103.77	0.49%	―	35.57%	―
TPGTF		$6.32B	280.66	-0.95%	―	―	―
TTRAF		$35.90B	32.74	11.34%	3.80%	―	―
MAQ		AU$1.65B	44.74	8.93%	―	―	―
SPK		AU$3.98B	21.42	12.57%	10.10%	―	―

Tuas Ltd. Corporate Events

Tuas Limited Announces Director Resignation

Tuas Limited has announced the resignation of Robert Dobson Millner from its board of directors, effective May 13, 2025. Millner held 286,590 fully paid ordinary shares as a registered holder and 4,899,941 shares through family-related interests and a super fund. This change in directorship may impact the company’s strategic direction and stakeholder confidence, given Millner’s significant shareholding and influence within the company.

The most recent analyst rating on (AU:TUA) stock is a Buy with a A$5.25 price target. To see the full list of analyst forecasts on Tuas Ltd. stock, see the AU:TUA Stock Forecast page.

Tuas Limited Announces Change in Share Register Management

Tuas Limited has announced a change in the management of its share register, transferring responsibilities to MUFG Corporate Markets (AU) Limited, effective from May 26, 2025. This change is expected to streamline operations and potentially improve shareholder communications, reflecting Tuas Limited’s ongoing efforts to enhance its corporate governance and operational efficiency.

The most recent analyst rating on (AU:TUA) stock is a Buy with a A$5.25 price target. To see the full list of analyst forecasts on Tuas Ltd. stock, see the AU:TUA Stock Forecast page.

Tuas Limited Releases Half Year Financial Results

Tuas Limited has announced its Half Year financial results through an Investor Presentation, which is in line with the requirements of the Australian Securities Exchange. The presentation is scheduled to be webcast, providing stakeholders with insights into the company’s financial performance for the first half of the fiscal year 2024/2025, potentially impacting investor perceptions and market positioning.

Tuas Limited Releases Interim Financial Report

Tuas Limited has released its Appendix 4D and Interim Financial Report for the period from 1 August 2024 to 31 January 2025, in compliance with the Australian Securities Exchange’s listing rules. This release, authorized by the Board, provides stakeholders with updated financial insights and performance metrics, potentially impacting the company’s market positioning and investor relations.

Tuas Limited to Announce Half Year Results on March 26, 2025

Tuas Limited has announced it will release its Half Year results for the period from 1 August 2024 to 31 January 2025 on 26 March 2025. The announcement will be accompanied by an audio presentation led by key executives, including the CEO and CFO of Simba Telecom Pte Ltd, and Tuas’s Executive Chairman. This release is significant as it provides stakeholders with insights into the company’s financial performance and strategic direction for the first half of the fiscal year.