Tuas Ltd. (TUA) AI Stock Analysis

• Market Cap: AU$2.52B
• Dividend Yield: N/A
• Average Volume (3M): 445.81K
• Price to Earnings (P/E): 1047.2
• Beta (1Y): 0.67
• Revenue Growth: 35.57%
• EPS Growth: N/A
• Country: AU
• Employees: 150
• Sector: Communication Services
• Sector Strength: 80
• Industry: Telecommunications Services
• EPS (TTM): <0.01
• Shares Outstanding: 467,871,860
• 10 Day Avg. Volume: 414,375
• 30 Day Avg. Volume: 445,807
• PEG Ratio: N/A
• 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: 27.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 56 Neutral
• Price Target: AU$5.50 ▼(-0.90% Downside)

The overall score reflects strong financial performance in terms of revenue growth and cash flow management, but is significantly impacted by ongoing profitability challenges and a high P/E ratio indicating overvaluation. Technical analysis shows bearish momentum, further weighing down the score.

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

Tuas Ltd. generates revenue through multiple streams, primarily by offering subscription-based services for its cloud solutions and enterprise software, which provide recurring income. Additionally, the company earns revenue from its telecommunications services, including broadband and data plans, catering to both residential and commercial clients. Strategic partnerships with major technology providers enhance its service offerings, allowing for upselling and cross-selling opportunities. The company also benefits from government contracts and grants aimed at improving national digital infrastructure, further contributing to its overall earnings.

Tuas Ltd. Financial Statement Overview

Summary

Tuas Ltd. demonstrates strong revenue growth, improved gross profit margin, and positive free cash flow. However, the company still faces profitability challenges with a negative net profit margin.

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
EBITDA	49.74M	31.42M	15.54M	2.25M	-8.84M
Net Income	-4.37M	-15.30M	-26.73M	-20.87M	-15.53M
Balance Sheet
Total Assets	476.59M	468.21M	476.12M	493.98M	431.47M
Cash, Cash Equivalents and Short-Term Investments	55.33M	44.00M	49.55M	94.58M	55.21M
Total Debt	1.49M	2.00M	2.52M	2.35M	60.46K
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: Neutral
• Last Price: 5.55
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TUA, the sentiment is Neutral. The current price of 5.55 is above the 20-day moving average (MA) of 5.24, below the 50-day MA of 5.60, and below the 200-day MA of 5.80, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 57.26 is Neutral, neither overbought nor oversold. The STOCH value of 83.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	$41.49B	-3.35	-10.67%	4.00%	2.70%	-41.55%
TUA	56 Neutral	AU$2.52B	1,047.17	0.49%	―	35.57%	―
TPGTF	―	$6.32B	280.66	-0.95%	―	―	―
TTRAF	―	$37.00B	33.52	11.34%	3.60%	―	―
9SL	―	€950.05M	―	-1.05%	―	―	―
MAQ	―	AU$1.85B	49.60	8.93%	―	―	―
ABB	70 Outperform	AU$1.32B	46.32	5.66%	0.85%	33.62%	4.97%

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.