NetLink NBN (CJLU) AI Stock Analysis

• Market Cap: $3.70B
• Dividend Yield: 5.64%
• Average Volume (3M): 5.37M
• Price to Earnings (P/E): 38.8
• Beta (1Y): 0.13
• Revenue Growth: -1.04%
• EPS Growth: -7.55%
• Country: SG
• Employees: 338
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): N/A
• Shares Outstanding: 3,896,971,000
• 10 Day Avg. Volume: 5,844,960
• 30 Day Avg. Volume: 5,369,043
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.12
• Enterprise Value/Revenue: 10.07
• Enterprise Value/Gross Profit: 12.33
• Enterprise Value/Ebitda: 14.35
• 1Y Price Target: $0.98
• Price Target Upside: 2.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 75 Outperform
• Price Target: S$1.00 ▲(5.26% Upside)

NetLink NBN's strong financial performance and robust technical indicators drive a solid stock score. However, the high P/E ratio suggests potential overvaluation, tempered by a high dividend yield. The absence of earnings call and corporate event data limits further analysis.

Positive Factors

Negative Factors

NetLink NBN Business Overview & Revenue Model

Company Description

NetLink NBN Trust owns, designs, builds, and operates the passive fibre network infrastructure for residential homes and non-residential premises, and non-building address point (NBAP) connections in mainland Singapore and its connected islands. Its passive fibre network infrastructure includes ducts, manholes, fibre cables, and central offices. As of March 31, 2022, it had an approximately 1,464,217 residential; 50,278 non-residential; and 2,404 NBAP end-user connections. The company was incorporated in 2017 and is based in Singapore.

How the Company Makes Money

NetLink NBN Trust generates revenue primarily through the provision of fiber network services. Its key revenue streams include recurring charges for use of its nationwide fiber network, which are paid by its customers, such as Internet Service Providers (ISPs), telecommunication companies, and businesses that require high-speed internet connectivity. The company also earns from connection fees for new subscribers and charges for ancillary services like network maintenance and infrastructure expansion. Significant partnerships with major ISPs and telecom companies in Singapore further bolster its earnings by ensuring a steady demand for its network services.

NetLink NBN Financial Statement Overview

Summary

NetLink NBN exhibits a stable financial profile with solid profitability and effective cash flow management. The company shows consistent growth, although rising debt levels and fluctuating free cash flow warrant attention.

Income Statement

NetLink NBN demonstrates consistent revenue growth over the past years, although the growth rate is moderate. The company maintains strong gross profit and net profit margins, indicating effective cost management and profitability. However, a slight decline in EBIT margin from 2023 to 2025 suggests potential pressure on operating efficiency.

Balance Sheet

The balance sheet reflects a strong equity base with a healthy equity ratio, indicating financial stability. While the debt-to-equity ratio is manageable, there is a noticeable increase in total debt over recent years, which could pose a risk if not managed properly. Return on equity remains solid, showcasing effective utilization of shareholders' investment.

Cash Flow

Operating cash flow remains robust, consistently covering net income, which indicates strong cash generation capacity. However, free cash flow has shown a decline, suggesting increased capital expenditure that might affect liquidity in the short term. Overall, cash flow management appears sound but requires monitoring.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	411.16M	407.00M	411.28M	405.04M	377.95M	370.39M
Gross Profit	335.58M	380.08M	381.83M	331.36M	314.76M	307.47M
EBITDA	288.47M	302.63M	309.18M	302.58M	266.44M	270.88M
Net Income	95.35M	95.35M	103.21M	109.25M	91.26M	94.81M
Balance Sheet
Total Assets	3.86B	3.86B	3.92B	4.01B	4.03B	4.12B
Cash, Cash Equivalents and Short-Term Investments	177.57M	177.57M	182.91M	198.96M	149.82M	170.54M
Total Debt	887.18M	887.18M	796.60M	765.25M	702.13M	703.53M
Total Liabilities	1.47B	1.47B	1.39B	1.38B	1.32B	1.32B
Stockholders Equity	2.39B	2.39B	2.52B	2.63B	2.72B	2.80B
Cash Flow
Free Cash Flow	123.95M	115.03M	156.29M	188.95M	184.85M	204.27M
Operating Cash Flow	258.71M	258.71M	288.61M	285.69M	258.73M	264.51M
Investing Cash Flow	-143.65M	-143.65M	-127.63M	-96.73M	-73.86M	-60.25M
Financing Cash Flow	-120.39M	-120.39M	-178.77M	-138.07M	-205.58M	-202.35M

NetLink NBN Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.95
• 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 SG:CJLU, the sentiment is Positive. The current price of 0.95 is above the 20-day moving average (MA) of 0.94, above the 50-day MA of 0.92, and above the 200-day MA of 0.87, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 65.75 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:CJLU.

NetLink NBN Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Z74	76 Outperform	72.78B	18.12	15.52%	2.79%	0.13%	404.98%
CJLU	75 Outperform	$3.70B	38.78	3.90%	5.64%	-1.04%	-7.55%
CC3	70 Neutral	1.96B	15.92	26.41%	5.44%	0.83%	-16.65%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%

NetLink NBN Corporate Events

NetLink NBN Trust Sees Revenue Growth Amid Decline in Profit

NetLink NBN Trust reported a 1.9% increase in revenue to $102.8 million for Q1 FY26, driven by higher ancillary project and installation-related revenue. However, EBITDA fell by 1.9% to $72.0 million due to increased operating expenses, and Profit After Tax decreased by 9.2% to $23.3 million, impacted by higher depreciation from an expanded asset base. The total number of connections saw a slight decline, attributed to the removal of inactive residential connections and churn in the non-residential segment, although growth in NBAP and segment connections continued due to demand from Smart Nation and enterprise projects.

The most recent analyst rating on (SG:CJLU) stock is a Buy with a S$0.98 price target. To see the full list of analyst forecasts on NetLink NBN stock, see the SG:CJLU Stock Forecast page.

NetLink NBN Trust Honored at ASEAN Corporate Governance Awards 2025

NetLink NBN Trust has been recognized at the ASEAN Corporate Governance Awards 2025, being featured in the ASEAN Top 50 and Top 5 Singapore publicly listed companies. This accolade highlights the company’s commitment to high corporate governance standards, transparency, and best practices, aiming to deliver long-term value for stakeholders. The recognition is part of the ASEAN Corporate Governance Scorecard, a benchmarking initiative supported by the Asian Development Bank to enhance governance standards and investor confidence across ASEAN.

The most recent analyst rating on (SG:CJLU) stock is a Buy with a S$0.98 price target. To see the full list of analyst forecasts on NetLink NBN stock, see the SG:CJLU Stock Forecast page.

NetLink NBN Trust to Release Q1 2025 Financial Update

NetLink NBN Management Pte. Ltd. announced that it will release a media statement and analyst update for the first quarter ending 30 June 2025 after trading closes on 31 July 2025. This announcement may provide insights into the company’s operational performance and strategic positioning, potentially impacting stakeholders and market perceptions.

The most recent analyst rating on (SG:CJLU) stock is a Buy with a S$0.98 price target. To see the full list of analyst forecasts on NetLink NBN stock, see the SG:CJLU Stock Forecast page.