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Singtel
(SGX:Z74)
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Rating:68Neutral
Price Target:
S$5.00
ā²(13.90% Upside)
Action:Reiterated
Date:08/22/26
The score is primarily supported by improving recent profitability and a generally manageable leverage profile, while being held back by volatile free cash flow. Valuation contributes positively due to a reasonable P/E and an attractive dividend yield. Technicals are mixed, with mild positive momentum but the price still below longer-term moving averages.
Positive Factors
Improving Profitability
The sharp improvement in net income strengthens internal funding capacity and provides a better earnings base for Singtelās recurring telecom and enterprise services, although sustainability still depends on reducing historical earnings volatility.
Negative Factors
Limited Revenue Growth
Broadly stable revenue shows resilience but also points to a mature core market with limited organic expansion. Earlier declines and only modest recent growth could constrain operating leverage and make sustained earnings improvement harder.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability
The sharp improvement in net income strengthens internal funding capacity and provides a better earnings base for Singtelās recurring telecom and enterprise services, although sustainability still depends on reducing historical earnings volatility.
Read all positive factors
Singtel (Z74) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$71.76B
Dividend Yield4.04%
Average Volume (3M)26.40M
Price to Earnings (P/E)12.9
Beta (1Y)0.62
Revenue Growth0.81%
EPS Growth39.56%
CountrySG
Employees24,233
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.34
Shares Outstanding16,322,979,500
10 Day Avg. Volume17,560,622
30 Day Avg. Volume26,404,583
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)2.96
Price to Sales (P/S)5.72
P/FCF Ratio35.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$4.96Price Target Upside12.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.19
Revenue Forecast (FY)S$14.96B
Singtel Business Overview & Revenue Model
Company Description
Founded in 1992 and headquartered in Singapore, Singapore Telecommunications Limited is a leading global provider of telecommunication services. It serves both individual consumers and small businesses across Singapore, Australia, the United State...
How the Company Makes Money
Singtel makes money primarily by selling telecommunications connectivity and related digital services to consumers, enterprises, and other telecom operators, and by earning income from investments in regional telecom companies.
1) Consumer teleco...
Singtel Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
62
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 14.26B | 14.15B | 14.13B | 14.62B | 15.34B |
| Gross Profit | 2.87B | 14.15B | 3.39B | 2.83B | 2.83B |
| EBITDA | 3.59B | 7.45B | 2.47B | 3.99B | 4.24B |
| Net Income | 5.61B | 4.02B | 795.00M | 2.23B | 1.95B |
Balance Sheet | |||||
| Total Assets | 50.70B | 46.78B | 46.20B | 46.53B | 49.13B |
| Cash, Cash Equivalents and Short-Term Investments | 3.66B | 2.77B | 4.63B | 1.67B | 2.13B |
| Total Debt | 12.69B | 11.67B | 11.90B | 11.91B | 12.88B |
| Total Liabilities | 22.99B | 20.83B | 21.23B | 21.53B | 22.03B |
| Stockholders Equity | 27.55B | 25.89B | 24.93B | 24.99B | 27.08B |
Cash Flow | |||||
| Free Cash Flow | 2.32B | 352.60M | 2.36B | 2.12B | 2.41B |
| Operating Cash Flow | 4.92B | 4.61B | 4.72B | 4.41B | 4.90B |
| Investing Cash Flow | 4.30M | -2.41B | 247.30M | -2.35B | -676.10M |
| Financing Cash Flow | -4.24B | -4.03B | -1.99B | -2.52B | -2.84B |
Singtel Technical Analysis
Neutral
4.39
Price Trends
4.33
Positive
4.46
Negative
4.54
Negative
Market Momentum
0.02
Negative
52.24
Neutral
83.65
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:Z74, the sentiment is Neutral. The current price of 4.39 is above the 20-day moving average (MA) of 4.39, above the 50-day MA of 4.33, and below the 200-day MA of 4.54, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 52.24 is Neutral, neither overbought nor oversold. The STOCH value of 83.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SG:Z74.
Singtel Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | S$71.76B | 12.94 | 20.52% | 4.15% | 0.81% | 39.56% | |
66 Neutral | S$3.82B | 45.79 | 3.63% | 5.45% | 1.58% | -12.65% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | S$149.93M | 3.72 | 2.35% | 12.35% | -2.09% | 189.61% | |
60 Neutral | S$1.84B | 6.21 | 73.17% | 5.88% | -8.27% | 136.03% |
* Communication Services Sector Average
SG:Z74
Singtel
4.40
0.32
7.74%
SG:S7OU
Asian Pay Television
0.08
-0.01
-11.70%
SG:CJLU
NetLink NBN
0.98
0.10
12.00%
SG:CC3
StarHub
1.07
0.01
1.13%
SG:T41
Telechoice International Limited
0.23
0.07
40.24%
SG:TADD
Advanced Info Service
1.40
0.33
30.96%
Singtel Corporate Events
Singtel Wins First-Ever S&P Rating Upgrade on Stronger Balance Sheet and Asset Monetisation
Aug 19, 2026
SP Global Ratings has upgraded Singtel’s long-term issuer credit rating from A to A+, with a stable outlook, citing the telecom group’s strengthened balance sheet and ample financial flexibility supported by sizable liquid investments ...
Singtel Q1 Underlying Profit Jumps on Optus, Digital Infra Strength Despite One-off Drag
Aug 13, 2026
Singtel has reported a robust start to its financial year, with underlying net profit for the quarter to 30 June 2026 rising 21% to S$831 million, driven by stronger contributions from Optus, NCS, Digital InfraCo and regional associates Airtel and...
ACMA Takes Optus to Court Over Emergency Call Breaches
Jul 30, 2026
Optus Mobile, a wholly owned subsidiary of Singtel Optus, has been hit with Federal Court proceedings by the Australian Communications and Media Authority over alleged breaches of emergency call service rules. The alleged contraventions relate to ...
Singtel Confirms Talks on Potential Optus Stake Sale, Warns Investors to Await Formal Updates
Jul 30, 2026
Singtel has confirmed it is in talks with interested parties over a possible sale of a stake in Optus, following media reports about such discussions. The group reiterated its strategy of bringing in a like-minded Australian minority partner to he...
Singtel Winds Up Mauritian Subsidiary Viridian in Corporate Streamlining Move
Jul 13, 2026
Singtel has placed its wholly owned Mauritian subsidiary Viridian Limited into members’ voluntary liquidation and appointed Krishna Luvyraj Thacoor as liquidator to oversee the winding-up process. The move is not expected to have any materia...
Mynt Files for Potential IPO on Philippine Stock Exchange
Jun 29, 2026
Globe Telecom has confirmed that its fintech affiliate Mynt, Inc., operator of the GCash digital finance platform, has formally filed a registration statement with the Philippine Securities and Exchange Commission and a listing application with th...
Singtelās Optus Raises SGD200 Million in 10-Year Note Issue to Extend Debt Maturities
Jun 23, 2026
Singtel has announced that its Australian subsidiary Optus, via Optus Finance, has priced a SGD200 million issue of 10-year fixed-rate notes denominated in Singapore dollars, carrying a 2.84 per cent annual coupon and maturing on 30 June 2036. The...
Globe Clears Path for Mynt IPO With 12% Stake Offer on PSE
Jun 17, 2026
Globe Telecom has announced that its board has approved the filing of a registration statement with the Philippine Securities and Exchange Commission and a listing application with the Philippine Stock Exchange for a proposed initial public offeri...
Singtel secures S$1.5 billion three-year revolving credit facility
May 29, 2026
Singtel’s treasury subsidiary has secured a new three-year S$1.5 billion committed revolving credit facility from a syndicate of 11 international and regional banks, with the financing guaranteed by Singtel and earmarked for general corporat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.