NetLink NBN Trust (6NL) Stock Overview

An investment holding company, owns, designs, builds, and operates the passive fibre network infrastructure for residential homes and non-residential premises, and non-building address point (NBAP) connections in mainland Singapore and its connected islands. More details

6NL fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	1/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 28.9% below our estimate of its fair value

Risk Analysis

Dividend of 5.65% is not well covered by earnings or free cash flows

6NL Community Fair Values

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NetLink NBN Trust Competitors

Price History & Performance

Summary of share price highs, lows and changes for NetLink NBN Trust
Historical stock prices
Current Share Price	S$0.60
52 Week High	S$0.71
52 Week Low	S$0.60
Beta	0.16
1 Month Change	-1.41%
3 Month Change	-1.90%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-0.40%

Recent updates

Shareholder Returns

	6NL	DE Telecom	DE Market
7D	-1.6%	2.5%	-2.3%
1Y	n/a	-1.6%	4.8%

Return vs Industry: Insufficient data to determine how 6NL performed against the German Telecom industry.

Return vs Market: Insufficient data to determine how 6NL performed against the German Market.

Price Volatility

Is 6NL's price volatile compared to industry and market?
6NL volatility
6NL Average Weekly Movement	5.2%
Telecom Industry Average Movement	3.4%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	11.9%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: 6NL has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: 6NL's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2017	n/a	Yew Tong	www.netlinknbn.com

NetLink NBN Trust, an investment holding company, owns, designs, builds, and operates the passive fibre network infrastructure for residential homes and non-residential premises, and non-building address point (NBAP) connections in mainland Singapore and its connected islands. The company’s passive fiber network infrastructure comprising ducts, manholes, fibre cables, and central offices. NetLink NBN Trust was incorporated in 2017 and is based in Singapore.

NetLink NBN Trust Fundamentals Summary

How do NetLink NBN Trust's earnings and revenue compare to its market cap?
6NL fundamental statistics
Market cap	€2.55b
Earnings (TTM)	€56.71m
Revenue (TTM)	€283.48m

44.9x

P/E Ratio

9.0x

P/S Ratio

Is 6NL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
6NL income statement (TTM)
Revenue	S$416.46m
Cost of Revenue	S$100.47m
Gross Profit	S$315.99m
Other Expenses	S$232.68m
Earnings	S$83.31m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	0.021
Gross Margin	75.87%
Net Profit Margin	20.00%
Debt/Equity Ratio	43.7%

How did 6NL perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

254%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/15 16:00
End of Day Share Price	2026/09/15 00:00
Earnings	2026/03/31
Annual Earnings	2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

NetLink NBN Trust is covered by 15 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Sachin Salgaonkar	BofA Global Research
Jialin Li	CGS International
Luis Hilado	Citigroup Inc

NetLink NBN TrustDB:6NL Stock Report