SGX:CJLU

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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.

Rewards


Snowflake Analysis

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

Stable Share Price: CJLU has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.5%

CJLU

0.9%

SG Telecom

0.9%

SG Market


1 Year Return

10.9%

CJLU

-11.1%

SG Telecom

-19.0%

SG Market

Return vs Industry: CJLU exceeded the SG Telecom industry which returned -11.1% over the past year.

Return vs Market: CJLU exceeded the SG Market which returned -19% over the past year.


Shareholder returns

CJLUIndustryMarket
7 Day-0.5%0.9%0.9%
30 Day-1.5%-1.0%-3.1%
90 Day-3.5%-0.2%0.7%
1 Year16.9%10.9%-7.5%-11.1%-14.8%-19.0%
3 Year38.8%19.1%-7.2%-17.6%-15.4%-25.3%
5 Yearn/a5.5%-12.0%-1.7%-19.2%

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 compared to its fair value and its price relative to the market?

8.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CJLU (SGD0.97) is trading below our estimate of fair value (SGD1.05)

Significantly Below Fair Value: CJLU is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CJLU is poor value based on its PE Ratio (48.1x) compared to the XA Telecom industry average (18.2x).

PE vs Market: CJLU is poor value based on its PE Ratio (48.1x) compared to the SG market (12.6x).


Price to Earnings Growth Ratio

PEG Ratio: CJLU is poor value based on its PEG Ratio (6.3x)


Price to Book Ratio

PB vs Industry: CJLU is good value based on its PB Ratio (1.3x) compared to the XA Telecom industry average (1.8x).

Future Growth

How is NetLink NBN Trust forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

7.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CJLU's forecast earnings growth (7.6% per year) is above the savings rate (2.2%).

Earnings vs Market: CJLU's earnings (7.6% per year) are forecast to grow slower than the SG market (19.7% per year).

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

Revenue vs Market: CJLU's revenue (2% per year) is forecast to grow slower than the SG market (5.8% per year).

High Growth Revenue: CJLU's revenue (2% 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 (3.7%).

Past Performance

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

10.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CJLU has high quality earnings.

Growing Profit Margin: CJLU's current net profit margins (21%) are lower than last year (21.8%).


Past Earnings Growth Analysis

Earnings Trend: CJLU's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: CJLU's earnings growth over the past year (0.9%) is below its 5-year average (10.9% per year).

Earnings vs Industry: CJLU earnings growth over the past year (0.9%) exceeded the Telecom industry -0.6%.


Return on Equity

High ROE: CJLU's Return on Equity (2.7%) is considered low.

Financial Health

How is NetLink NBN Trust's financial position?


Financial Position Analysis

Short Term Liabilities: CJLU's short term assets (SGD251.2M) do not cover its short term liabilities (SGD602.6M).

Long Term Liabilities: CJLU's short term assets (SGD251.2M) do not cover its long term liabilities (SGD699.2M).


Debt to Equity History and Analysis

Debt Level: CJLU's debt to equity ratio (23.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if CJLU's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CJLU's debt is well covered by operating cash flow (39.1%).

Interest Coverage: CJLU's interest payments on its debt are well covered by EBIT (5.8x coverage).


Balance Sheet

Dividend

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

5.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CJLU's dividend (5.24%) is higher than the bottom 25% of dividend payers in the SG market (2.65%).

High Dividend: CJLU's dividend (5.24%) is low compared to the top 25% of dividend payers in the SG market (5.8%).


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 2 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (251.9%), CJLU's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CJLU's dividends in 3 years are not forecast to be well covered by earnings (203.8% payout ratio).

Management

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

3.5yrs

Average board tenure


CEO

Yew Tong (57 yo)

no data

Tenure

S$910,430

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 ($USD663.71K) is below average for companies of similar size in the SG market ($USD2.05M).

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


Board Members

NamePositionTenureCompensationOwnership
Yew Tong
CEO & Executive Director of Netlink NBN Management Pte. Ltd.no dataS$910.43k0.0090%
SGD 337.7k
Teik Lim Ang
Non-Executive & Independent Director of Netlink NBN Management Pte. Ltd.3.42yrsS$125.98k0.0026%
SGD 96.6k
Kah Sek Koh
Non-Executive & Independent Director of Netlink NBN Management Pte. Ltd.3.5yrsS$125.00k0.0026%
SGD 96.6k
Wico Yeo
Non-Executive & Independent Director of Netlink NBN Management Pte. Ltd.3.5yrsS$105.00k0.0077%
SGD 289.6k
Chee Kheong Mah
Independent Chairman of Netlink NBN Management Pte. Ltd.3.33yrsS$164.02k0.0077%
SGD 289.6k
Tao Yih Lang
Non-Executive & Non-Independent Director of Netlink NBN Management Pte. Ltd.3.5yrsS$95.00k0.0051%
SGD 192.9k
Slattery Sean Patrick
Non-Executive & Non-Independent Director of Netlink NBN Management Pte. Ltd.3.33yrsS$110.00k0.0051%
SGD 192.9k
Xian Hong Ku
Independent Non Executive Director of NetLink NBN Management Pte. Ltd1.83yrsS$47.50k0.0010%
SGD 38.7k

3.5yrs

Average Tenure

53yo

Average Age

Experienced Board: CJLU's board of directors are considered experienced (3.5 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 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$3.761b
  • Shares outstanding: 3.90b
  • Website: https://www.netlinknbn.com

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

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 Analysis2020/08/13 01:49
End of Day Share Price2020/08/12 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.