TUAS LIMITED (TUA)
Share Price Analysis and Chart

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TUA - TUAS LIMITED

FNArena Sector : Telecommunication

Year End: July

GICS Industry Group : Telecommunication Services

Debt/EBITDA: 0.03

Index: ASX300 | ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$7.69 15 Sep 2025	-0.120 OPEN $7.74	-1.54% HIGH $7.76	1,190,263 LOW $7.58

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$7.69

15 Sep
2025

-0.120

OPEN

$7.74

-1.54%

HIGH

$7.76

1,190,263

LOW

$7.58

TARGET

$8.30

7.9% upside

OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . MAQ . SLC . SPK . ST1 . TLS . TPG . TPG .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	- 1.1	1.2	xxx
DPS (cps)	xxx	0.0	0.0	xxx
EPS Growth	xxx	N/A	N/A	xxx
DPS Growth	xxx	N/A	N/A	xxx
PE Ratio	xxx	N/A	649.6	xxx
Dividend Yield	xxx	N/A	0.0%	xxx
Div Pay Ratio(%)	xxx	N/A	N/A	xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

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 © 2025 FactSet UK Limited. All rights reserved

Title	2019	2021	2022	2023
EPS Basic	xxx	xxx	xxx	-1.1
DPS All	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	132.5 M
Book Value Per Share	xxx	xxx	xxx	107.4
Net Operating Cash Flow	xxx	xxx	xxx	67.9 M
Net Profit Margin	xxx	xxx	xxx	-3.73 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2019	2021	2022	2023
Return on Capital Employed	xxx	xxx	xxx	-1.00 %
Return on Invested Capital	xxx	xxx	xxx	-0.99 %
Return on Assets	xxx	xxx	xxx	-0.93 %
Return on Equity	xxx	xxx	xxx	-1.00 %
Return on Total Capital	xxx	xxx	xxx	-0.79 %
Free Cash Flow ex dividends	xxx	xxx	xxx	16.0 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	2019	2021	2022	2023
Short-Term Debt	xxx	xxx	xxx	1 M
Long Term Debt	xxx	xxx	xxx	1 M
Total Debt	xxx	xxx	xxx	2 M
Goodwill - Gross	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	63 M
Price To Book Value	xxx	xxx	xxx	4.17

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2019	2021	2022	2023
Capex	xxx	xxx	xxx	54.3 M
Capex % of Sales	xxx	xxx	xxx	41.00 %
Cost of Goods Sold	xxx	xxx	xxx	115 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	22 M
Research & Development	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

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Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Citi	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Morgan Stanley	04/09/2025	1	Overweight	$9.50	23.54%	Morgan Stanley blows its own trumpet, highlighting Tuas was a key stock pick going into FY25 results (July year end), with guidance of over 200k subscriber growth in FY25 confirming the upbeat take. Capex guidance of -$50m-$55m and the transition to net profit after tax profitability were additional positives. The company also announced the acquisition of M1 for -SGD1.4bn on a cash-free/debt-free basis, to be funded via SGD384m of new equity and SGD1.1bn in debt financing. Ex-synergies, the analyst estimates over 200% EPS accretion from the deal, but synergies are expected with COGS reductions from fewer duplications. Equally, the Singaporean market will move to three players from four, and Tuas will migrate to number two from number four. Overweight rated. Target moves to $9.50 from $7. FORECAST Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.00 cents. Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Citi

xx/xx/xxxx

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgan Stanley

04/09/2025

Overweight

$9.50

23.54%

Morgan Stanley blows its own trumpet, highlighting Tuas was a key stock pick going into FY25 results (July year end), with guidance of over 200k subscriber growth in FY25 confirming the upbeat take.

Capex guidance of -$50m-$55m and the transition to net profit after tax profitability were additional positives.

The company also announced the acquisition of M1 for -SGD1.4bn on a cash-free/debt-free basis, to be funded via SGD384m of new equity and SGD1.1bn in debt financing.

Ex-synergies, the analyst estimates over 200% EPS accretion from the deal, but synergies are expected with COGS reductions from fewer duplications.

Equally, the Singaporean market will move to three players from four, and Tuas will migrate to number two from number four.

Overweight rated. Target moves to $9.50 from $7.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.00 cents.

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EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

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

Access Extra Coverage Research History >

TUA STOCK CHART

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TUAS LIMITED (TUA)
Share Price Analysis and Chart