Z74 Stock Analysis: Singapore Telecommunications | SG
Telecom Services | SG, Singapore | Market Cap: 72.351m SGD | 12M Return: 13.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 119M
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Singapore Telecommunications Limited (Singtel) is an integrated telecommunications group providing mobile, fixed-line, broadband, pay TV, ICT, and digital services to consumers and small businesses across Singapore, Australia, and international markets. The company operates through four main segments: Optus (Australia), Singtel Singapore, NCS (IT services), and Digital InfraCo, which houses its data center business Nxera, satellite carrier services, and digital platforms such as Paragon for 5G edge computing and orchestration. Beyond core connectivity, Singtel offers a growing portfolio of digital and financial services, including its GXS bank, the my Singtel app, Singtel PayLater, and the dash e-wallet, positioning the group as more than a traditional telco.
As a large-cap integrated carrier listed in Singapore, Singtel benefits from operating one of the most developed fixed and mobile networks in Southeast Asia alongside a sizeable Australian footprint through Optus. The industry context is characterized by heavy capital investment in 5G, subsea cables, and data centers, paired with rising competition in digital financial services and content, where telcos increasingly bundle banking and lifestyle offerings to lift average revenue per user.
- Optus postpaid subscriber growth and ARPU recovery after outage
- Regional associates Bharti Airtel and Telkomsel dividends support earnings
- Nxera data center and NCS IT services revenue accelerates
| Net Income: 5.61b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 3.82 > 1.0 |
| NWC/Revenue: 2.41% < 20% (prev -1.33%; Δ 3.73% < -1%) |
| CFO/TA 0.10 > 3% & CFO 4.92b > Net Income 5.61b |
| Net Debt (-323.5m) to EBITDA (3.38b): -0.10 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (16.5b) vs 12m ago -0.25% < -2% |
| Gross Margin: 69.32% > 18% (prev 69.60%; Δ -0.28% > 0.5%) |
| Asset Turnover: 29.26% > 50% (prev 30.24%; Δ -0.98% > 0%) |
| Interest Coverage Ratio: 2.41 > 6 (EBIT TTM 1.04b / Interest Expense TTM 431.2m) |
| A: 0.01 (Total Current Assets 8.92b - Total Current Liabilities 8.58b) / Total Assets 50.7b |
| B: 0.54 (Retained Earnings 27.5b / Total Assets 50.7b) |
| C: 0.02 (EBIT TTM 1.04b / Avg Total Assets 48.7b) |
| D: 1.30 (Book Value of Equity 28.6b / Total Liabilities 22.0b) |
| Altman-Z'' = 3.32 = A |
| DSRI: 0.30 (Receivables 1.55b/5.06b, Revenue 14.3b/14.1b) |
| GMI: 1.00 (GM 69.60% / 69.32%) |
| AQI: 1.00 (AQ_t 0.55 / AQ_t-1 0.55) |
| SGI: 1.01 (Revenue 14.3b / 14.1b) |
| TATA: 0.01 (NI 5.61b - CFO 4.92b) / TA 50.7b) |
| Beneish M = -3.59 (Cap -4..+1) = AAA |
As of July 28, 2026, the stock is trading at SGD 4.42 with a total of 26,152,100 shares traded. Over the past week, the price has changed by +0.45%, over one month by -0.45%, over three months by -4.12% and over the past year by +13.30%.
Current recommended Stop Loss: 4.30 (which is 2.7% or 1.7 ATR below the current price).
Singapore Telecommunications has no consensus analysts rating.
P/E Trailing = 13.0
P/E Forward = 23.8095
P/S = 5.1085
P/B = 2.5219
P/EG = 1.4773
Revenue TTM = 14.3b SGD
EBIT TTM = 1.04b SGD
EBITDA TTM = 3.38b SGD
Long Term Debt = 7.84b SGD (from longTermDebt, last quarter)
Short Term Debt = 694.9m SGD (from shortLongTermDebt, last quarter)
Debt = 3.15b SGD (Leases only: 3.15b)
Net Debt = -323.5m SGD (calculated: Debt 3.15b - CCE 3.47b)
Enterprise Value = 72.0b SGD (72.4b + Debt 3.15b - CCE 3.47b)
Interest Coverage Ratio = 2.41 (Ebit TTM 1.04b / Interest Expense TTM 431.2m)
EV/FCF = 31.09x (Enterprise Value 72.0b / FCF TTM 2.32b)
FCF Yield = 3.22% (FCF TTM 2.32b / Enterprise Value 72.0b)
FCF Margin = 16.25% (FCF TTM 2.32b / Revenue TTM 14.3b)
Net Margin = 39.31% (Net Income TTM 5.61b / Revenue TTM 14.3b)
Gross Margin = 69.32% ((Revenue TTM 14.3b - Cost of Revenue TTM 4.38b) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 1.42 (Enterprise Value 72.0b / Total Assets 50.7b)
Interest Expense / Debt = 13.70% (Interest Expense 431.2m / Debt 3.15b)
Taxrate = 8.92% (550.1m / 6.17b)
NOPAT = 947.0m (EBIT 1.04b * (1 - 8.92%))
Current Ratio = 1.04 (Total Current Assets 8.92b / Total Current Liabilities 8.58b)
Debt / Equity = 0.11 (Debt 3.15b / totalStockholderEquity, last quarter 28.6b)
Debt / EBITDA = -0.10 (Net Debt -323.5m / EBITDA 3.38b)
Debt / FCF = -0.14 (Net Debt -323.5m / FCF TTM 2.32b)
Total Stockholder Equity = 26.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.50% (Net Income 5.61b / Total Assets 50.7b)
RoE = 21.14% (Net Income TTM 5.61b / Total Stockholder Equity 26.5b)
RoCE = 3.03% (EBIT 1.04b / Capital Employed (Equity 26.5b + L.T.Debt 7.84b))
RoIC = 2.29% (NOPAT 947.0m / Invested Capital 41.4b)
WACC = 5.86% (E(72.4b)/V(75.5b) * Re(5.57%) + D(3.15b)/V(75.5b) * Rd(13.70%) * (1-Tc(0.09)))
Discount Rate = 5.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 79.37 | Cagr: 0.49%
[DCF] Terminal Value 77.97% ; FCFF base≈1.53b ; Y1≈1.76b ; Y5≈2.58b
[DCF] Fair Price = 2.39 (EV 38.9b - Net Debt -323.5m = Equity 39.2b / Shares 16.4b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 95.24 | EPS CAGR: 17.48% | SUE: -1.81 | # QB: -1
Revenue Correlation: 92.35 | Revenue CAGR: 0.47% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.05 | Chg30d=-11.09% | Revisions=-25% | Analysts=2
EPS current Year (2027-03-31): EPS=0.19 | Chg30d=+0.00% | Revisions=-25% | GrowthEPS=+14.7% | GrowthRev=+4.8%
EPS next Year (2028-03-31): EPS=0.22 | Chg30d=+0.00% | Revisions=-40% | GrowthEPS=+13.6% | GrowthRev=+3.5%
[Analyst] Revisions Ratio: -57% (up=0, down=4)