SGX:CJLU

Stock Analysis Report

NetLink NBN Trust

Executive Summary

NetLink NBN Trust designs, builds, owns, and operates the passive fiber network infrastructure for residential homes and non-residential premises, and non-building address point (NBAP) connections in mainland Singapore and its connected islands.

Snowflake

Risks

  • NetLink NBN Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.

Share Price & News

How has NetLink NBN Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

SGX:CJLU

-1.5%

SG Telecom

-1.3%

SG Market


1 Year Return

11.5%

SGX:CJLU

3.2%

SG Telecom

-3.3%

SG Market

CJLU outperformed the Telecom industry which returned 6.2% over the past year.

CJLU outperformed the Market in Singapore which returned -3.3% over the past year.


Share holder returns

CJLUIndustryMarket
7 Day-1.1%-1.5%-1.3%
30 Day-1.1%-9.3%-6.7%
90 Day3.6%2.2%-2.5%
1 Year18.5%11.5%8.9%3.2%0.5%-3.3%
3 Yearn/a-10.2%-23.4%15.0%2.9%
5 Yearn/a6.4%-16.8%7.5%-10.4%

Price Volatility Vs. Market

How volatile is NetLink NBN Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is NetLink NBN Trust undervalued based on future cash flows and its price relative to the stock market?

32%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

NetLink NBN Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).

NetLink NBN Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

NetLink NBN Trust is overvalued based on earnings compared to the Asia Telecom industry average.

NetLink NBN Trust is overvalued based on earnings compared to the Singapore market.


Price Based on Expected Growth

NetLink NBN Trust is poor value based on expected growth next year.


Price Based on Value of Assets

NetLink NBN Trust is good value based on assets compared to the Asia Telecom industry average.

Future Growth

How is NetLink NBN Trust expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

7.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

NetLink NBN Trust's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).

NetLink NBN Trust's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).

NetLink NBN Trust's revenue growth is positive but not above the Singapore market average.

NetLink NBN Trust's earnings growth is expected to exceed the Singapore market average.

NetLink NBN Trust's earnings growth is expected to exceed the low risk savings rate of 2.3%.


Earnings per Share Growth Estimates


Future Return on Equity

NetLink NBN Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).

Past Performance

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

14.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

NetLink NBN Trust's year on year earnings growth rate has been positive over the past 5 years.

NetLink NBN Trust's 1-year earnings growth is less than its 5-year average (7% vs 14.3%)

NetLink NBN Trust's earnings growth has exceeded the Asia Telecom industry average in the past year (7% vs 6.3%).


Return on Equity

NetLink NBN Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

NetLink NBN Trust used its assets less efficiently than the Asia Telecom industry average last year based on Return on Assets.


Return on Capital Employed

NetLink NBN Trust has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).

Financial Health

How is NetLink NBN Trust's financial position?


Financial Position Analysis

NetLink NBN Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

NetLink NBN Trust's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

NetLink NBN Trust's level of debt (21.6%) compared to net worth is satisfactory (less than 40%).

Unable to establish if NetLink NBN Trust's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (37.7%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.3x debt.

Dividend

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

5.83%

Expected Dividend Yield


Dividend Yield and Payments Analysis

NetLink NBN Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.66%).

NetLink NBN Trust's dividend is below the markets top 25% of dividend payers in Singapore (5.73%).

It is too early to tell whether NetLink NBN Trust has stable dividend payments.

NetLink NBN Trust only just started paying a dividend, it is too early to tell if payments are increasing.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are not well covered by earnings (0.5x coverage).

Management

What is the CEO of NetLink NBN Trust's salary, the management and board of directors tenure and is there insider trading?

2.5yrs

Average board tenure


CEO

Yew Heng Tong (56yo)

S$910,430

Compensation

Mr. Yew Heng Tong serves as Chief Executive Officer of Netlink Nbn Management Pte. Ltd., Trustee Manager of NetLink NBN Trust and has been its Executive Director since February 21, 2017. Mr. Tong has been  ...


CEO Compensation Analysis

Yew Heng's remuneration is about average for companies of similar size in Singapore.

Yew Heng's compensation has been consistent with company performance over the past year, both up more than 20%.


Board Age and Tenure

2.5yrs

Average Tenure

52yo

Average Age

The average tenure for the NetLink NBN Trust board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellS$1,649,99913 Jun 19
Temasek Holdings (Private) Limited
EntityCompany
Shares2,000,000
Max PriceS$0.82

Ownership Breakdown


Management Team

  • Lester Wong (55yo)

    Chief Financial Officer of Netlink NBN Management Pte. Ltd.

  • Hoon Pin Chye (65yo)

    Chief Operating Officer of Netlink NBN Management Pte. Ltd.

  • Victor Chan

    Director of Corporate Planning & Communications-NetLink NBN Management Pte. Ltd.

  • Albert Lim

    Company Secretary of NetLink NBN Management Pte. Ltd.

    • Tenure: 2.0yrs
  • Victor Lai

    Company Secretary of NetLink NBN Management Pte. Ltd.

    • Tenure: 2.5yrs
  • Alice Lim

    Director of Human Resource & Administration - NetLink NBN Management Pte. Ltd.

  • Yew Heng Tong (56yo)

    CEO & Executive Director of Netlink NBN Management Pte. Ltd.

    • Compensation: SGD910.43k
  • Christine Yeo

    Financial Controller-NetLink NBN Management Pte. Ltd.

  • Kelvin Chia

    Director of Treasury & Financial Planning-NetLink NBN Management Pte. Ltd.

  • Ke Lim

    Legal Counsel & Secretariat of NetLink NBN Management Pte. Ltd.


Board Members

  • Eric Ang (65yo)

    Non-Executive & Independent Director of Netlink NBN Management Pte. Ltd.

    • Tenure: 2.4yrs
    • Compensation: SGD125.98k
  • Kah Sek Koh (47yo)

    Non-Executive & Independent Director of Netlink NBN Management Pte. Ltd.

    • Tenure: 2.5yrs
    • Compensation: SGD125.00k
  • Wico Yeo (52yo)

    Non-Executive & Independent Director of Netlink NBN Management Pte. Ltd.

    • Tenure: 2.5yrs
    • Compensation: SGD105.00k
  • Chaly Mah (63yo)

    Chairman of Netlink NBN Management Pte. Ltd.

    • Tenure: 2.3yrs
    • Compensation: SGD164.02k
  • Arthur Lang (47yo)

    Non-Executive & Non-Independent Director of Netlink NBN Management Pte. Ltd.

    • Tenure: 2.5yrs
    • Compensation: SGD95.00k
  • Yew Heng Tong (56yo)

    CEO & Executive Director of Netlink NBN Management Pte. Ltd.

    • Tenure: 2.5yrs
    • Compensation: SGD910.43k
  • Slattery Sean Patrick (52yo)

    Non-Executive & Non-Independent Director of Netlink NBN Management Pte. Ltd.

    • Tenure: 2.3yrs
    • Compensation: SGD110.00k
  • Xian Hong Ku

    Independent Non Executive Director of NetLink NBN Management Pte. Ltd

    • Tenure: 0.8yrs
    • Compensation: SGD47.50k

Company Information

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


Key Information

  • Name: NetLink NBN Trust
  • Ticker: CJLU
  • Exchange: SGX
  • Founded: 2017
  • Industry: alternative carriers
  • Sector: telecom
  • Market Cap: S$3.410b
  • Shares outstanding: 3.90b
  • Website: Click here

Number of Employees


Location

  • NetLink NBN Trust
  • 750E Chai Chee Road
  • No. 07-03, Viva Business Park
  • Singapore
  • 469005
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CJLUSGX (Singapore Exchange)YesUNITSSGSGDJul 2017
NETL.FOTCPK (Pink Sheets LLC)YesUNITSUSUSDJul 2017

Biography

NetLink NBN Trust designs, builds, owns, and operates the passive fiber network infrastructure for residential homes and non-residential premises, and non-building address point (NBAP) connections in mainl ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 13:02
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.