TUAS LIMITED (TUA)
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TUA

TUA - TUAS LIMITED

FNArena Sector : Telecommunication
Year End: July
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 0.02
Index: ASX200 | ASX300 | ALL-ORDS

Tuas owns Singapore telecommunications provider Simba Telecom, which supplies mobile and fixed-broadband services to consumer and business customers.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.33

22 Sep
2026

0.020

OPEN

$2.35

0.87%

HIGH

$2.35

2,095,671

LOW

$2.28

TARGET
$4.175 79.2% upside
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . MAQ . SLC . SPK . TLS . TPG . TPG .
FNARENA'S MARKET CONSENSUS FORECASTS
TUA: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 3.9 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 48.9 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in SGD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 201920212022202320242025
EPS Basic xxxxxxxxxxxxxxx1.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx177.4 M
Book Value Per Share xxxxxxxxxxxxxxx114.1
Net Operating Cash Flow xxxxxxxxxxxxxxx95.2 M
Net Profit Margin xxxxxxxxxxxxxxx4.56 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx1.56 %
Return on Invested Capital xxxxxxxxxxxxxxx1.56 %
Return on Assets xxxxxxxxxxxxxxx1.42 %
Return on Equity xxxxxxxxxxxxxxx1.56 %
Return on Total Capital xxxxxxxxxxxxxxx2.43 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx31.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx1 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx97 M
Price To Book Value xxxxxxxxxxxxxxx4.71

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920212022202320242025
Capex xxxxxxxxxxxxxxx64.5 M
Capex % of Sales xxxxxxxxxxxxxxx36.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx140 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx25 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx, xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

15/09/2026

1

Overweight

$5.00

114.59%

Tuas is due to announce FY26 results on September 26 and Morgan Stanley anticipates a robust operating performance, albeit regulatory uncertainty is likely to continue.

The analyst is forecasting 2H26 mobile net adds of 93k, down 1% y/y and a lower conversion rate of 27% despite the step up in 1H to 55%.

Gross margins are expected to moderate but operating leverage is flagged to underpin EBITDA growth of 22% y/y for FY26.

Channel checks, on balance, the broker states, suggest a low probability of a severe penalty being imposed by the IMDA.

The stock remains Overweight rated with a $5.00 target. Industry view: In-line. The risk/reward on the stock is considered attractive.

Morgan Stanley remains "buyers on weakness".

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.94 cents.
Morgan Stanley forecasts a full year FY27 dividend of 0.00 cents and EPS of 6.19 cents.
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EXTRA COVERAGE
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No. Of Recommendations

0

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY
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TUA STOCK CHART

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