Tuas Ltd
ASX:TUA

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Tuas Ltd
ASX:TUA
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Price: 6.11 AUD -0.65% Market Closed
Market Cap: AU$3.4B

EV/S

16.9
Current
6%
Cheaper
vs 3-y average of 17.9

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
16.9
=
Enterprise Value
AU$2.8B
/
Revenue
AU$170m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
16.9
=
Enterprise Value
AU$2.8B
/
Revenue
AU$170m

Valuation Scenarios

Tuas Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (17.9), the stock would be worth AU$6.47 (6% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-82%
Maximum Upside
+15%
Average Downside
34%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 16.9 AU$6.11
0%
3-Year Average 17.9 AU$6.47
+6%
5-Year Average 19.5 AU$7.03
+15%
Industry Average 3 AU$1.08
-82%
Country Average 4.3 AU$1.57
-74%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
AU$2.8B
/
Feb 2026
AU$170m
=
16.9
Current
AU$2.8B
/
Jul 2026
AU$185.8m
=
15.2
Forward
AU$2.8B
/
Jul 2027
AU$215.1m
=
13.2
Forward
AU$2.8B
/
Jul 2028
AU$238.2m
=
11.9
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
AU
Tuas Ltd
ASX:TUA
3.4B AUD 16.9 276.6
US
Verizon Communications Inc
NYSE:VZ
195.6B USD 2.3 11.4
US
AT&T Inc
NYSE:T
182.5B USD 2.4 8.6
DE
Deutsche Telekom AG
XETRA:DTE
133.6B EUR 2.1 13.9
CN
China Telecom Corp Ltd
SSE:601728
545.4B CNY 0.9 16.2
JP
Nippon Telegraph and Telephone Corp
TSE:9432
12.5T JPY 1.3 11.6
SG
Singapore Telecommunications Ltd
SGX:Z74
77.4B SGD 6 12.5
FR
Orange SA
PAR:ORA
46.9B EUR 1.8 87.2
SA
Saudi Telecom Company SJSC
SAU:7010
189.1B SAR 2.4 12.8
CH
Swisscom AG
SIX:SCMN
34.4B CHF 3.2 27.7
AU
Telstra Group Ltd
F:5KB
36.7B EUR 3.3 27

Market Distribution

Higher than 71% of companies in Australia
Percentile
71st
Based on 1 982 companies
71st percentile
16.9
Low
0 — 1.9
Typical Range
1.9 — 14.5
High
14.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.9
Median 4.3
70th Percentile 14.5
Max 1 646 389.2

Tuas Ltd
Glance View

Market Cap
3.4B AUD
Industry
Telecommunication

In the dynamic telecommunications landscape of Australia, Tuas Ltd. stands as a unique player primarily through its ownership of TPG Telecom Limited, which provides mobile network services. Emerging from the corporate reshuffle and demerger from TPG Corporation in 2020, Tuas Ltd. focused its operations on Singapore’s bustling telecom sector. With a keen eye on leveraging the latent potential of advanced mobile technologies, Tuas engages its business model in offering competitively priced mobile plans that cater to a variety of consumer and business needs. Its infrastructure, largely based on TPG Telecom’s network assets, provides a robust platform for the company to deliver consistent and reliable service, aiming to carve out a sizable market share in a highly competitive industry. Strategically, Tuas generates revenue primarily through its mobile telecommunications offerings, driven by subscription plans that balance cost-effectiveness with value-added services. By investing in and deploying modern network infrastructure, the company ensures consistent service quality, which in turn helps in maintaining and attracting a diverse customer base. The competitive pricing model is designed to appeal particularly to cost-conscious consumers looking for value without compromising on performance, aligning with Tuas's strategy of expansion and sustainability in the telecom sector. By continually optimizing its operational efficiencies, Tuas Ltd. seeks to maintain and enhance profitability, illustrating a growth-focused approach in a rapidly evolving digital landscape.

TUA Intrinsic Value
0.83 AUD
Overvaluation 86%
Intrinsic Value
Price AU$6.11
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