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CJLU

NetLink NBN Trust SGX:CJLU Stock Report

Last Price

S$0.97

Market Cap

S$3.8b

7D

-2.5%

1Y

1.6%

Updated

28 May, 2022

Data

Company Financials +
CJLU fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends1/6

CJLU Stock Overview

NetLink NBN Trust 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.

NetLink NBN Trust Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for NetLink NBN Trust
Historical stock prices
Current Share PriceS$0.97
52 Week HighS$1.03
52 Week LowS$0.94
Beta0.26
1 Month Change-3.96%
3 Month Change0.52%
1 Year Change1.57%
3 Year Change16.87%
5 Year Changen/a
Change since IPO19.75%

Recent News & Updates

May 20
The NetLink NBN Trust (SGX:CJLU) Annual Results Are Out And Analysts Have Published New Forecasts

The NetLink NBN Trust (SGX:CJLU) Annual Results Are Out And Analysts Have Published New Forecasts

As you might know, NetLink NBN Trust ( SGX:CJLU ) recently reported its yearly numbers. It looks like the results were...

May 05
Returns On Capital Are Showing Encouraging Signs At NetLink NBN Trust (SGX:CJLU)

Returns On Capital Are Showing Encouraging Signs At NetLink NBN Trust (SGX:CJLU)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...

Shareholder Returns

CJLUSG TelecomSG Market
7D-2.5%0.3%-0.3%
1Y1.6%11.4%-1.8%

Return vs Industry: CJLU underperformed the SG Telecom industry which returned 11.4% over the past year.

Return vs Market: CJLU exceeded the SG Market which returned -1.8% over the past year.

Price Volatility

Is CJLU's price volatile compared to industry and market?
CJLU volatility
CJLU Average Weekly Movement1.5%
Telecom Industry Average Movement5.0%
Market Average Movement5.0%
10% most volatile stocks in SG Market11.8%
10% least volatile stocks in SG Market2.4%

Stable Share Price: CJLU is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: CJLU's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017351Yew Tonghttps://www.netlinknbn.com

NetLink NBN Trust 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. Its passive fibre network infrastructure includes ducts, manholes, fibre cables, and central offices. As of March 31, 2021, it had an approximately 1,446,784 residential; 48,108 non-residential; and 1,996 NBAP end-user connections.

NetLink NBN Trust Fundamentals Summary

How do NetLink NBN Trust's earnings and revenue compare to its market cap?
CJLU fundamental statistics
Market CapS$3.78b
Earnings (TTM)S$91.26m
Revenue (TTM)S$379.65m

41.4x

P/E Ratio

10.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CJLU income statement (TTM)
RevenueS$379.65m
Cost of RevenueS$63.19m
Gross ProfitS$316.46m
Other ExpensesS$225.20m
EarningsS$91.26m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.023
Gross Margin83.36%
Net Profit Margin24.04%
Debt/Equity Ratio24.4%

How did CJLU perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

219%

Payout Ratio

Valuation

Is NetLink NBN Trust undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


35.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CJLU (SGD0.97) is trading below our estimate of fair value (SGD1.51)

Significantly Below Fair Value: CJLU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CJLU is poor value based on its Price-To-Earnings Ratio (41.4x) compared to the Asian Telecom industry average (17.8x).

PE vs Market: CJLU is poor value based on its Price-To-Earnings Ratio (41.4x) compared to the SG market (11.9x).


Price to Earnings Growth Ratio

PEG Ratio: CJLU is poor value based on its PEG Ratio (10.1x)


Price to Book Ratio

PB vs Industry: CJLU is good value based on its Price-To-Book Ratio (1.4x) compared to the XA Telecom industry average (2.1x).


Future Growth

How is NetLink NBN Trust forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CJLU's forecast earnings growth (4.1% per year) is above the savings rate (1.8%).

Earnings vs Market: CJLU's earnings (4.1% per year) are forecast to grow slower than the SG market (11.4% per year).

High Growth Earnings: CJLU's earnings are forecast to grow, but not significantly.

Revenue vs Market: CJLU's revenue (1.3% per year) is forecast to grow slower than the SG market (7.5% per year).

High Growth Revenue: CJLU's revenue (1.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CJLU's Return on Equity is forecast to be low in 3 years time (4.3%).


Past Performance

How has NetLink NBN Trust performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


4.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CJLU has high quality earnings.

Growing Profit Margin: CJLU's current net profit margins (24%) are lower than last year (25.6%).


Past Earnings Growth Analysis

Earnings Trend: CJLU's earnings have grown by 4.4% per year over the past 5 years.

Accelerating Growth: CJLU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CJLU had negative earnings growth (-3.7%) over the past year, making it difficult to compare to the Telecom industry average (17.9%).


Return on Equity

High ROE: CJLU's Return on Equity (3.4%) is considered low.


Financial Health

How is NetLink NBN Trust's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CJLU's short term assets (SGD255.3M) do not cover its short term liabilities (SGD277.2M).

Long Term Liabilities: CJLU's short term assets (SGD255.3M) do not cover its long term liabilities (SGD1.0B).


Debt to Equity History and Analysis

Debt Level: CJLU's net debt to equity ratio (18.9%) is considered satisfactory.

Reducing Debt: CJLU's debt to equity ratio has increased from 16.6% to 24.4% over the past 5 years.

Debt Coverage: CJLU's debt is well covered by operating cash flow (39%).

Interest Coverage: CJLU's interest payments on its debt are well covered by EBIT (11.2x coverage).


Balance Sheet


Dividend

What is NetLink NBN Trust current dividend yield, its reliability and sustainability?

Dividend Score

1/6

Dividend Score 1/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.30%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CJLU's dividend (5.3%) is higher than the bottom 25% of dividend payers in the SG market (2.24%).

High Dividend: CJLU's dividend (5.3%) is low compared to the top 25% of dividend payers in the SG market (6.03%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CJLU has been paying a dividend for less than 10 years.

Growing Dividend: CJLU's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (219.1%), CJLU's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (108.4%), CJLU's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average board tenure


CEO

Yew Tong (58 yo)

no data

Tenure

S$1,473,459

Compensation

Mr. Yew Heng Tong is Chief Executive Officer of Netlink NBN Management Pte. Ltd. at NetLink NBN Trust and has been its Executive Director of Netlink NBN Management Pte.Ltd. since February 21, 2017. Mr. To...


CEO Compensation Analysis

Compensation vs Market: Yew's total compensation ($USD1.08M) is about average for companies of similar size in the SG market ($USD1.11M).

Compensation vs Earnings: Yew's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: CJLU's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

NetLink NBN Trust's employee growth, exchange listings and data sources


Key Information

  • Name: NetLink NBN Trust
  • Ticker: CJLU
  • Exchange: SGX
  • Founded: 2017
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Implied Market Cap: S$3.780b
  • Shares outstanding: 3.90b
  • Website: https://www.netlinknbn.com

Number of Employees


Location

  • NetLink NBN Trust
  • 750E Chai Chee Road
  • No. 07-03, ESR BizPark @ Chai Chee
  • Singapore
  • 469005
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/28 00:00
End of Day Share Price2022/05/27 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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 here.