Assessing Tuas (ASX:TUA) Valuation After Regulatory Suspension Of M1 Acquisition Review

Simply Wall St.

May 23

Interest in Tuas (ASX:TUA) has spiked after Singapore’s regulator suspended its review of the planned M1 Limited acquisition, following allegations that the SIMBA business may have used unauthorized ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAssessing Tuas (ASX:TUA) Valuation After Regulatory Suspension Of M1 Acquisition Review\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-23 11:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/telecom/asx-tua/tuas-shares/news/assessing-tuas-asxtua-valuation-after-regulatory-suspension><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Interest in Tuas (ASX:TUA) has spiked after Singapore’s regulator suspended its review of the planned M1 Limited acquisition, following allegations that the SIMBA business may have used unauthorized ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/telecom/asx-tua/tuas-shares/news/assessing-tuas-asxtua-valuation-after-regulatory-suspension\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TUA","symbol_name":"SIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF","start_time":0,"source_url":"https://simplywall.st/stocks/au/telecom/asx-tua/tuas-shares/news/assessing-tuas-asxtua-valuation-after-regulatory-suspension","article_id":"2637329358","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/9022000-choice2-main-header/1585186701264"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/telecom/asx-tua/tuas-shares/news/assessing-tuas-asxtua-valuation-after-regulatory-suspension","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2637329358","pubTimestamp":1779507579,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Interest in Tuas (ASX:TUA) has spiked after Singapore’s regulator suspended its review of the planned M1 Limited acquisition, following allegations that the SIMBA business may have used unauthorized radio frequency spectrum.\nSee our latest analysis for Tuas.\nThe regulatory suspension has triggered a sharp reset in sentiment, with Tuas posting a 7 day share price return of down 62.13% and a year to date share price return of down 67.37%. Despite this, the 5 year total shareholder return of...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"TUA":"SIMPLIFY SHORT TERM TREASURY FUTURES STRATEGY ETF","DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","TUA.AU":"TUAS LTD","BK7042":"综合电信业务"},"translate_title":"在监管部门暂停M1收购审查后评估大士(ASX：TUA)的估值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TUA.AU":1.5,"TUA":1.5,"DCF":1},"content_text":"Interest in Tuas (ASX:TUA) has spiked after Singapore’s regulator suspended its review of the planned M1 Limited acquisition, following allegations that the SIMBA business may have used unauthorized radio frequency spectrum. See our latest analysis for Tuas. The regulatory suspension has triggered a sharp reset in sentiment, with Tuas posting a 7 day share price return of down 62.13% and a year to date share price return of down 67.37%. Despite this, the 5 year total shareholder return of 255.38% still reflects a very strong longer term outcome. If this regulatory shock has you reassessing your watchlist, it can help to look at other telecom and infrastructure style ideas using our screener for 35 power grid technology and infrastructure stocks After a fall of more than 60% in a week and with its long term total return still above 250%, the key question is whether Tuas is now trading below its fundamentals or if the market is already pricing in whatever comes next. AdvertisementPrice-to-Earnings of 95.4x: Is it justified? Tuas last closed at A$2.31, and on current numbers it trades on a P/E of 95.4x, which is high compared with both peers and the wider telecom sector. The P/E multiple compares what investors are currently paying for each dollar of earnings. For a business like Tuas, which owns and operates a mobile network in Singapore and reports A$170.04m in revenue and A$12.12m in net income, this ratio captures how the market is weighing its profitability against expectations for future performance. Here, the signals are mixed. Tuas has moved from loss making to profitable over the past 5 years, with very strong earnings growth in the most recent year and net profit margins of 7.1% compared with 1.6% last year. However, earnings quality is affected by large one off items, there was a one off loss of SGD10.5m in the last 12 months, and Return on Equity is currently low at 1.5% and is forecast to remain low at 5.2% in 3 years. That combination suggests the P/E is capturing a lot of optimism relative to the company’s current return profile. Against benchmarks, the market is assigning Tuas a materially richer earnings tag. The P/E of 95.4x is higher than the Global Telecom industry average of 16.7x, and it also sits above the peer average of 92.5x. This points to investors already paying a premium multiple versus both the sector and close comparables. See what the numbers say about this price — find out in our valuation breakdown. Result: Price-to-Earnings of 95.4x (OVERVALUED) However, there are still clear risks, including the unresolved spectrum investigation and uncertainty around the suspended M1 acquisition review, which could reshape the investment case. Find out about the key risks to this Tuas narrative. Another View: Cash Flows Point To A Different Story While the 95.4x P/E suggests Tuas is expensive, the SWS DCF model paints a milder picture, with an estimated future cash flow value of A$2.05 versus the current A$2.31. That gap still points to Tuas trading above this cash flow based estimate, so how much upside are you really paying for? Look into how the SWS DCF model arrives at its fair value. TUA Discounted Cash Flow as at May 2026Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Tuas for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 10 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. Next Steps With sentiment clearly on edge after the recent share price reset and regulatory questions, it helps to move fast, check the data yourself and decide if the trade off between the upside and the downside still works for you by weighing up the 2 key rewards and 3 important warning signs. Looking for more investment ideas? If Tuas now feels like a tougher call, do not sit on the sidelines. Put this research to work by lining up a few fresh, high conviction watchlist candidates.  Target quality at a discount by scanning for resilient businesses trading below what their fundamentals suggest using the 10 high quality undervalued stocks. Build a steadier income stream by hunting for companies with robust payouts and higher yields through the 7 dividend fortresses. Reduce portfolio stress by focusing on companies with stronger financial footing and cleaner balance sheets using the solid balance sheet and fundamentals stocks screener (17 results).   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Tuas might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}