Financials Singapore Telecommunications Limited

Equities

Z74

SG1T75931496

Integrated Telecommunications Services

Delayed Singapore S.E. 08:01:15 23/05/2024 am IST 5-day change 1st Jan Change
2.39 SGD 0.00% Intraday chart for Singapore Telecommunications Limited -1.65% -3.63%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 49,292 41,459 40,294 43,581 40,600 39,608 - -
Enterprise Value (EV) 1 59,444 53,958 52,659 53,319 49,825 48,331 48,593 48,930
P/E ratio 16 x 38.7 x 72.2 x 22.4 x 18.4 x 15.5 x 15.6 x 13.7 x
Yield 5.79% 4.82% 3.07% 3.52% 5.85% 5.34% 5.56% 6.23%
Capitalization / Revenue 2.84 x 2.51 x 2.58 x 2.84 x 2.78 x 2.74 x 2.66 x 2.57 x
EV / Revenue 3.42 x 3.26 x 3.37 x 3.48 x 3.41 x 3.34 x 3.26 x 3.18 x
EV / EBITDA 12.7 x 11.9 x 13.7 x 14.2 x 13.5 x 12.9 x 12.3 x 11.8 x
EV / FCF 16.3 x 14.3 x 15.5 x 17.3 x 19.1 x 13 x 14.4 x 12.4 x
FCF Yield 6.14% 7.01% 6.45% 5.78% 5.24% 7.67% 6.94% 8.04%
Price to Book 1.65 x 1.55 x 1.51 x 1.55 x 1.56 x 1.52 x 1.49 x 1.43 x
Nbr of stocks (in thousands) 1,63,22,018 1,63,22,326 1,65,13,963 1,65,07,889 1,65,03,958 1,65,03,347 - -
Reference price 2 3.020 2.540 2.440 2.640 2.460 2.400 2.400 2.400
Announcement Date 14/05/19 27/05/20 26/05/21 26/05/22 24/05/23 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 17,372 16,542 15,644 15,339 14,624 14,450 14,917 15,408
EBITDA 1 4,692 4,541 3,832 3,767 3,686 3,733 3,955 4,149
EBIT 1 2,470 1,961 1,147 1,045 1,112 1,196 1,350 1,487
Operating Margin 14.22% 11.86% 7.33% 6.81% 7.6% 8.27% 9.05% 9.65%
Earnings before Tax (EBT) 1 3,746 1,565 754 2,621 2,598 1,924 3,406 3,800
Net income 1 3,095 1,075 553.7 1,948 2,225 2,033 2,532 2,833
Net margin 17.82% 6.5% 3.54% 12.7% 15.21% 14.07% 16.97% 18.38%
EPS 2 0.1893 0.0656 0.0338 0.1176 0.1340 0.1545 0.1534 0.1756
Free Cash Flow 1 3,650 3,781 3,395 3,081 2,613 3,709 3,370 3,933
FCF margin 21.01% 22.85% 21.7% 20.08% 17.87% 25.67% 22.59% 25.53%
FCF Conversion (EBITDA) 77.78% 83.25% 88.59% 81.77% 70.89% 99.34% 85.22% 94.8%
FCF Conversion (Net income) 117.92% 351.82% 613.08% 158.11% 117.43% 182.41% 133.11% 138.86%
Dividend per Share 2 0.1750 0.1225 0.0750 0.0930 0.1440 0.1280 0.1334 0.1495
Announcement Date 14/05/19 27/05/20 26/05/21 26/05/22 24/05/23 - - -
1SGD in Million2SGD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 S1 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 7,425 8,219 - 3,855 7,652 3,913 3,773 7,687 3,584 3,675 7,259 3,713 3,652 7,366 3,488 3,540 3,593 3,578 - - -
EBITDA 1,903 1,928 - - 1,929 - - 1,839 - - 1,878 - - 1,808 - - - - - - -
EBIT 1 595.9 550.9 - 260.4 572.4 313 221.8 472.4 328 251 579 288 311 - 300 279.6 324 264.7 - - -
Operating Margin 8.03% 6.7% - 6.75% 7.48% 8% 5.88% 6.15% 9.15% 6.83% 7.98% 7.76% 8.51% - 8.6% 7.9% 9.02% 7.4% - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - - - - -
Net income 1 - - - - - - - - - - 1,170 - - - - - 465 - - - -
Net margin - - - - - - - - - - 16.11% - - - - - 12.94% - - - -
EPS 2 - - - 0.0300 - - 0.0200 - - 0.0300 - - - - - - 0.0385 0.0366 - - -
Dividend per Share 2 - - - 4.500 - - 0.0480 - - 0.0460 - - 0.0490 - - 0.0520 0.0650 0.0562 - 0.0640 -
Announcement Date 11/11/20 26/05/21 10/08/21 10/11/21 10/11/21 14/02/22 26/05/22 26/05/22 24/08/22 09/11/22 09/11/22 15/02/23 24/05/23 24/05/23 21/08/23 08/11/23 22/02/24 - - - -
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 10,151 12,499 12,365 9,739 9,225 8,723 8,985 9,322
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.164 x 2.752 x 3.227 x 2.585 x 2.503 x 2.336 x 2.272 x 2.247 x
Free Cash Flow 1 3,650 3,781 3,395 3,081 2,613 3,709 3,370 3,933
ROE (net income / shareholders' equity) 9.48% 8.68% 6.51% 7.14% 7.59% 8.68% 9.9% 10.8%
ROA (Net income/ Total Assets) 5.8% 5.02% 3.57% 4.01% 4.29% 4.85% 5.52% 6.13%
Assets 1 53,362 21,402 15,488 48,564 51,841 41,956 45,887 46,226
Book Value Per Share 2 1.830 1.640 1.620 1.700 1.580 1.580 1.610 1.680
Cash Flow per Share 2 0.3300 0.3600 0.3400 0.3200 0.2900 0.2400 0.2500 0.2600
Capex 1 1,718 2,037 2,214 2,217 2,162 2,451 2,508 2,180
Capex / Sales 9.89% 12.31% 14.15% 14.45% 14.79% 16.96% 16.81% 14.15%
Announcement Date 14/05/19 27/05/20 26/05/21 26/05/22 24/05/23 - - -
1SGD in Million2SGD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
17
Last Close Price
2.4 SGD
Average target price
3.068 SGD
Spread / Average Target
+27.84%
Consensus
  1. Stock Market
  2. Equities
  3. Z74 Stock
  4. Financials Singapore Telecommunications Limited