Tuas Ltd. (TUA) AI Stock Analysis

• Market Cap: AU$3.94B
• Dividend Yield: N/A
• Average Volume (3M): 2.05M
• Price to Earnings (P/E): 412.6
• Beta (1Y): 1.06
• Revenue Growth: 34.09%
• EPS Growth: N/A
• Country: AU
• Employees: 150
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 0.01
• Shares Outstanding: 548,396,200
• 10 Day Avg. Volume: 1,342,677
• 30 Day Avg. Volume: 2,050,728
• PEG Ratio: -1.18
• Price to Book (P/B): 4.69
• Price to Sales (P/S): 13.82
• P/FCF Ratio: 79.83
• 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$9.98
• Price Target Upside: 39.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: AU$6.50 ▼(-9.47% Downside)

The overall stock score is primarily influenced by the strong financial performance, which is offset by bearish technical indicators and a high P/E ratio suggesting overvaluation. The absence of a dividend yield further impacts the valuation negatively. Despite positive earnings call highlights, the technical and valuation concerns weigh heavily on the stock's attractiveness.

Positive Factors

Revenue Growth

Strong revenue growth indicates effective market penetration and product adoption, supporting long-term business expansion and stability.

Strategic Acquisition

The acquisition of M1 Limited is expected to enhance market position and create synergies, contributing to long-term competitive advantage.

Subscriber Base Expansion

Expanding subscriber base reflects strong demand and customer retention, supporting future revenue streams and market presence.

Negative Factors

Gross Margin Decline

Declining gross margins may indicate rising costs or pricing pressures, potentially impacting profitability and financial health.

Broadband Subscriber Growth Slowdown

Slower broadband subscriber growth could signal market saturation or increased competition, affecting future revenue potential.

ARPU Challenges

Declining ARPU suggests pricing pressures and competitive challenges, which may hinder revenue growth and margin sustainability.

Tuas Ltd. Business Overview & Revenue Model

Company Description

Tuas Ltd. (TUA) is a dynamic company specializing in the development and manufacturing of advanced technology solutions within the telecommunications and information technology sectors. The company focuses on providing innovative products and services that enhance connectivity and streamline communication processes for both businesses and consumers. Tuas Ltd. is committed to fostering digital transformation through its range of offerings, which include high-speed internet services, cloud computing solutions, and cutting-edge software applications.

How the Company Makes Money

Tuas Ltd. generates revenue primarily through its subscription-based internet services, which provide reliable connectivity to both residential and commercial customers. The company also earns money from the sale of cloud computing services, which include data storage, backup solutions, and infrastructure as a service (IaaS). Additionally, Tuas Ltd. has established strategic partnerships with various technology firms, which allow it to expand its product offerings and enhance its market presence. These collaborations often lead to joint ventures or co-branded services, further contributing to the company's revenue streams. Other sources of income include licensing fees from proprietary software and consulting services aimed at optimizing technology solutions for clients.

Tuas Ltd. Financial Statement Overview

Summary

Tuas Ltd. demonstrates strong revenue growth and operational efficiency, with a solid balance sheet characterized by low leverage. However, profitability metrics such as net profit margin and return on equity indicate potential areas for improvement. Cash flow generation is stable, but the decline in free cash flow growth warrants attention.

Income Statement

Tuas Ltd. has shown a strong revenue growth rate of 11.64% in the most recent year, indicating a positive trajectory. The gross profit margin is robust at 68.05%, reflecting efficient cost management. However, the net profit margin is relatively low at 4.56%, suggesting room for improvement in profitability. The EBIT and EBITDA margins are healthy, at 7.88% and 46.02% respectively, indicating good operational efficiency.

Balance Sheet

The company maintains a very low debt-to-equity ratio of 0.0023, highlighting a strong equity position and minimal leverage risk. The return on equity is modest at 1.55%, suggesting moderate profitability relative to shareholder investment. The equity ratio is high, indicating a stable financial structure with a significant portion of assets financed by equity.

Cash Flow

Operating cash flow is strong, with a coverage ratio of 1.58, indicating good cash generation relative to net income. However, free cash flow growth has declined by 10.34%, which could be a concern for future investments. The free cash flow to net income ratio of 0.32 suggests that a portion of earnings is being converted into free cash flow, but there is room for improvement.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	151.29M	151.29M	117.06M	86.10M	57.43M	30.90M
Gross Profit	89.57M	102.95M	81.31M	47.09M	35.15M	9.96M
EBITDA	67.76M	69.62M	49.74M	30.45M	15.54M	2.25M
Net Income	6.90M	6.90M	-4.37M	-15.30M	-26.73M	-20.87M
Balance Sheet
Total Assets	498.37M	498.37M	476.59M	468.21M	476.12M	493.98M
Cash, Cash Equivalents and Short-Term Investments	80.69M	80.69M	55.33M	44.00M	49.55M	94.58M
Total Debt	1.04M	1.04M	1.49M	2.00M	2.52M	2.90M
Total Liabilities	52.45M	52.45M	39.05M	27.98M	22.33M	15.23M
Stockholders Equity	445.93M	445.93M	437.54M	440.23M	453.79M	478.75M
Cash Flow
Free Cash Flow	27.07M	26.20M	14.18M	-4.61M	-44.49M	-25.41M
Operating Cash Flow	81.20M	81.20M	59.99M	39.97M	22.57M	-3.90M
Investing Cash Flow	-60.81M	-60.81M	-48.21M	-46.56M	-66.46M	1.08M
Financing Cash Flow	-606.00K	-606.00K	-587.00K	-582.00K	-544.00K	18.28M

Tuas Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.18
• 50DMA: Positive
• 100DMA: Positive
• 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 7.18 is above the 20-day moving average (MA) of 6.86, above the 50-day MA of 6.80, and above the 200-day MA of 6.33, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 63.95 is Neutral, neither overbought nor oversold. The STOCH value of 68.79 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
TLS	64 Neutral	AU$54.15B	25.56	14.73%	3.94%	0.86%	34.23%
MAQ	62 Neutral	AU$1.70B	48.74	7.40%	―	1.75%	0.42%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
SLC	55 Neutral	AU$1.30B	1,400.00	0.21%	―	31.16%	―
ABB	54 Neutral	AU$1.40B	42.81	5.89%	1.34%	18.74%	14.89%
TPG	54 Neutral	AU$7.40B	-93.32	-0.93%	47.48%	-5.04%	-349.38%
TUA	53 Neutral	AU$3.94B	412.64	1.57%	―	34.09%	―

Tuas Ltd. Corporate Events

Tuas Limited Successfully Passes All Resolutions at Annual General Meeting

Tuas Limited held its Annual General Meeting on December 1, 2025, where all resolutions were passed following a poll vote. The resolutions included the adoption of the remuneration report, the election and re-election of directors, and the ratification of the issue of placement shares, indicating strong shareholder support for the company’s governance and strategic decisions.

Tuas Limited Strengthens Position with M1 Acquisition

Tuas Limited reported a strong fiscal year 2025, with its Singapore-based mobile business, Simba, gaining more subscribers and boosting revenue and earnings. The company is also progressing in its broadband services. A major development for Tuas is the agreement to acquire M1 Limited, the third-largest mobile service provider in Singapore, excluding its ICT businesses. This acquisition, pending regulatory approval, is expected to significantly enhance Tuas’s market position in Singapore.

Tuas Limited Announces Vesting of Performance Rights and Share Issuance

Tuas Limited has announced the vesting of 1,545,350 Performance Rights, which have been converted into fully paid ordinary shares as part of the company’s Performance Rights Plan. This move demonstrates the company’s commitment to rewarding its employees and aligning their interests with the company’s growth objectives. The issuance of these shares, under Exception 9 of ASX Listing Rule 7.1 and 7.1A, does not affect the company’s existing placement capacity, indicating a strategic approach to managing its equity. This development is likely to strengthen Tuas’s market position and enhance shareholder value.

Tuas Limited Director Acquires Shares, Signaling Confidence

Tuas Limited has announced a change in the director’s interest, with Director Sarah Lissa Kenny acquiring 15,000 fully paid ordinary shares in the company. This acquisition, valued at $101,087, was made through a purchase on the market, reflecting a direct interest in the company’s securities. This change in director’s interest may indicate a positive outlook or confidence in the company’s future performance, potentially impacting investor sentiment and the company’s market positioning.

Tuas Limited Announces Annual General Meeting for December 2025

Tuas Limited has announced its Annual General Meeting (AGM) to be held on December 1, 2025, at Rydges Sydney Central. The meeting is significant for shareholders as it involves voting on various resolutions that affect their shareholding. Shareholders are encouraged to participate either in person or by proxy to ensure their votes are counted. The announcement underscores the importance of shareholder engagement in the company’s governance and decision-making processes.

Director Increases Stake in Tuas Limited

Tuas Limited has announced a change in the interest of its director, Craig Linton Levy, in the company’s securities. Levy acquired 5,445 fully paid ordinary shares through participation in a Share Purchase Plan, increasing his total holdings to 205,445 shares. This acquisition, valued at $30,000, reflects a strategic move to strengthen his stake in the company, potentially signaling confidence in Tuas Limited’s future performance.

Tuas Ltd. Announces Quotation of New Securities on ASX

Tuas Ltd. has announced the application for quotation of 9,075,170 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of a transaction previously announced, indicating a strategic step in the company’s financial operations. The issuance of these securities could potentially enhance Tuas Ltd.’s market presence and provide additional capital for its business activities.

Tuas Limited Completes Oversubscribed Share Purchase Plan

Tuas Limited has successfully completed a Share Purchase Plan (SPP) to fund its proposed acquisition of M1 Limited, excluding its ICT business. The SPP was oversubscribed, receiving applications totaling approximately $75 million, surpassing the initial $50 million target. As a result, Tuas will allocate around 9 million new ordinary shares to about 3,000 shareholders, with trading set to commence on 6 October 2025. This move is expected to strengthen Tuas’s market position and enhance its operational capabilities.

Tuas Ltd. Announces Cessation of Performance Rights

Tuas Ltd. has announced the cessation of 12,000 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation of securities could impact the company’s capital structure and may influence investor perception regarding the company’s ability to meet performance targets.

Tuas Limited Releases Corporate Governance Statement

Tuas Limited has released its Corporate Governance Statement, outlining its compliance with the ASX Corporate Governance Principles and Recommendations. The statement highlights the company’s commitment to shareholder value, strategic direction, and risk management. It also details the company’s governance practices, including board responsibilities, director appointments, and diversity policies. Although Tuas currently lacks measurable gender diversity objectives, it has set a target of having at least 30% of its directors from each gender, which it currently meets.

Tuas Limited Appoints New Director with No Initial Securities Interest

Tuas Limited has announced the appointment of Joanna Ong Joo Mien as a director, effective from September 24, 2025. The announcement indicates that the new director currently holds no securities or interests in the company, suggesting a fresh start in her role without existing financial ties to the company.

Tuas Limited Appoints Joanna Ong Joo Mien as New Director

Tuas Limited has announced the appointment of Ms. Joanna Ong Joo Mien as a new director, filling the vacancy left by Robert Millner’s resignation. Ms. Ong brings extensive experience in finance and corporate governance, having held significant roles in the telecommunications and media industries in Singapore, and will serve as an independent director on the Remuneration and Audit and Risk Committees.

Tuas Limited Releases FY25 Financial Results

Tuas Limited has released its financial results for the period from 1 August 2024 to 31 July 2025, as per the requirements of the Australian Securities Exchange. The announcement includes a presentation of the company’s financial performance, which will be further discussed in an analysts conference call. This release is significant for stakeholders as it provides insights into the company’s financial health and strategic direction.

Tuas Limited Reports Strong Financial Turnaround and Strategic Expansion

Tuas Limited has reported a significant financial turnaround for the year ending July 31, 2025, with a 29% increase in revenue and a profit of S$6.9 million, compared to a loss in the previous year. This improvement is attributed to enhanced operational efficiency and strategic growth initiatives, positioning the company favorably in the telecommunications sector. Additionally, Tuas Limited has expanded its operations by incorporating a new subsidiary, Goose eSIM Pte Ltd, although its financial impact remains minimal.

Tuas Limited to Release Financial Results and Hold AGM

Tuas Limited has announced that it will release its financial results for the year ending 31 July 2025 on 24 September 2025, with a webcast presentation to follow. This announcement is significant for stakeholders as it provides insights into the company’s financial health and future strategies, potentially impacting its market positioning and investor relations. Additionally, the company plans to hold its Annual General Meeting on 28 November 2025, indicating ongoing corporate governance activities.