Tuas Ltd
Tuas Limited owns and operates a mobile network in Singapore. It also provides mobile telecommunications services, including data, voice, SMS, roaming, and other services; broadband equipment and on-site activation and installation of services to facilitate broadband connectivity; and support and maintenance services for technologies and system solution projects. Tuas Limited was incorporated in … Read more
Tuas Ltd (TUA) - Net Assets
Latest net assets as of June 2025: AU$445.92 Million AUD
Based on the latest financial reports, Tuas Ltd (TUA) has net assets worth AU$445.92 Million AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$498.37 Million) and total liabilities (AU$52.45 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$445.92 Million |
| % of Total Assets | 89.48% |
| Annual Growth Rate | 122.76% |
| 5-Year Change | -6.86% |
| 10-Year Change | N/A |
| Growth Volatility | 56.85 |
Tuas Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Tuas Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Tuas Ltd (2017–2025)
The table below shows the annual net assets of Tuas Ltd from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | AU$445.92 Million | +1.92% |
| 2024-12-31 | AU$437.54 Million | -0.61% |
| 2023-12-31 | AU$440.23 Million | -2.99% |
| 2022-12-31 | AU$453.79 Million | -5.22% |
| 2021-12-31 | AU$478.75 Million | +14.55% |
| 2020-12-31 | AU$417.96 Million | +14616.32% |
| 2019-12-31 | AU$-2.88 Million | -681.66% |
| 2018-12-31 | AU$-368.35K | -150.08% |
| 2017-12-31 | AU$735.52K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tuas Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7181152200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$528.79 Million | 118.58% |
| Other Comprehensive Income | AU$-10.79 Million | -2.42% |
| Total Equity | AU$445.93 Million | 100.00% |
Tuas Ltd Competitors by Market Cap
The table below lists competitors of Tuas Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ruijie Networks Co. Ltd. A
SHE:301165
|
$1.06 Billion |
|
Indian Renewable Energy Development Agency Limited
NSE:IREDA
|
$1.06 Billion |
|
Berli Jucker Public Company Limited
STU:NVP8
|
$1.06 Billion |
|
HNA Technology Co Ltd A
SHG:600751
|
$1.06 Billion |
|
Hang Lung Group Limited
PINK:HNLGF
|
$1.06 Billion |
|
Distribution Solutions Group Inc
NASDAQ:DSGR
|
$1.06 Billion |
|
CPT Technology Group Co Ltd
SHE:000536
|
$1.06 Billion |
|
Norconsult ASA
OL:NORCO
|
$1.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tuas Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 437,542,000 to 445,925,000, a change of 8,383,000 (1.9%).
- Net income of 6,898,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 63,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$6.90 Million | +1.55% |
| Other Comprehensive Income | AU$-63.00K | -0.01% |
| Other Changes | AU$1.55 Million | +0.35% |
| Total Change | AU$- | 1.92% |
Book Value vs Market Value Analysis
This analysis compares Tuas Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.42x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | AU$-0.52 | AU$6.10 | x |
| 2019-12-31 | AU$-0.01 | AU$6.10 | x |
| 2020-12-31 | AU$0.96 | AU$6.10 | x |
| 2021-12-31 | AU$1.31 | AU$6.10 | x |
| 2022-12-31 | AU$0.98 | AU$6.10 | x |
| 2023-12-31 | AU$0.95 | AU$6.10 | x |
| 2024-12-31 | AU$0.94 | AU$6.10 | x |
| 2025-12-31 | AU$0.95 | AU$6.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tuas Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.56%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.12x
- Recent ROE (1.55%) is above the historical average (-5.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -33.19% | 0.00% | 0.00x | 182.80x | AU$-317.69K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | AU$-1.20 Million |
| 2019 | 0.00% | -15490.76% | 0.00x | 0.00x | AU$-2.21 Million |
| 2020 | -3.72% | -304.82% | 0.01x | 1.03x | AU$-57.33 Million |
| 2021 | -4.36% | -67.55% | 0.06x | 1.03x | AU$-68.75 Million |
| 2022 | -5.89% | -46.55% | 0.12x | 1.05x | AU$-72.11 Million |
| 2023 | -3.48% | -17.77% | 0.18x | 1.06x | AU$-59.32 Million |
| 2024 | -1.00% | -3.73% | 0.25x | 1.09x | AU$-48.13 Million |
| 2025 | 1.55% | 4.56% | 0.30x | 1.12x | AU$-37.69 Million |
Industry Comparison
This section compares Tuas Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $86,235,909
- Average return on equity (ROE) among peers: -12.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tuas Ltd (TUA) | AU$445.92 Million | -33.19% | 0.12x | $1.06 Billion |
| Pentanet Ltd (5GG) | $2.56 Million | -85.36% | 0.94x | $4.53 Million |
| Aussie Broadband Ltd (ABB) | $-3.42 Million | 0.00% | 0.00x | $694.23 Million |
| Chorus Ltd (CNU) | $650.00 Million | 0.00% | 2.76x | $2.04 Billion |
| Field Solutions Holdings Ltd (FSG) | $5.19 Million | -19.16% | 0.19x | $4.62 Million |
| Hubify Ltd (HFY) | $10.18 Million | -18.93% | 0.72x | $1.79 Million |
| Hutchison Telecommunications (Australia) Ltd (HTA) | $186.26 Million | 6.54% | 0.44x | $1.16 Million |
| Norwood Systems Ltd (NOR) | $2.73 Million | -27.26% | 0.02x | $1.96 Million |
| Spacetalk Ltd (SPA) | $647.90K | 39.66% | 1.98x | $2.88 Million |
| Spirit Technology Solutions Ltd (ST1) | $5.86 Million | -35.04% | 0.06x | $15.83 Million |
| Swoop Holdings Ltd (SWP) | $2.34 Million | 11.80% | 0.39x | $10.24 Million |