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Tuas Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tuas and similar public comparables like Spark New Zealand, Partner Communications Co., Chorus, Merit Interactive and more.
Tuas Overview
About Tuas
Tuas Ltd owns and operates a mobile network and provides telecommunications services in Singapore. The company generates revenue from network infrastructure to provide mobile telecommunication services.
Founded
2020
HQ

Employees
200
Website
Sectors
Financials (LTM)
EV
$2B
Tuas Financials
Tuas reported last 12-month revenue of $137M and EBITDA of $62M.
In the same LTM period, Tuas generated $62M in EBITDA and $11M in net income.
Revenue (LTM)
Tuas P&L
In the most recent fiscal year, Tuas reported revenue of $119M and EBITDA of $55M.
Tuas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $137M | XXX | $119M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $81M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 68% | XXX | XXX | XXX |
| EBITDA | $62M | XXX | $55M | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 46% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 7% | XXX | XXX | XXX |
| Net Profit | $11M | XXX | $5M | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 5% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tuas Stock Performance
Tuas has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Tuas' stock price is $4.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.0% | XXX | XXX | XXX | $0.01 |
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Start Free TrialTuas Valuation Multiples
Tuas trades at 14.6x EV/Revenue multiple, and 32.5x EV/EBITDA.
EV / Revenue (LTM)
Tuas Financial Valuation Multiples
As of April 19, 2026, Tuas has market cap of $2B and EV of $2B.
Equity research analysts estimate Tuas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tuas has a P/E ratio of 208.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 14.6x | XXX | 16.8x | XXX | XXX | XXX |
| EV/EBITDA | 32.5x | XXX | 36.5x | XXX | XXX | XXX |
| EV/EBIT | 150.7x | XXX | 236.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 24.7x | XXX | XXX | XXX |
| P/E | 208.7x | XXX | 437.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 96.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tuas Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Tuas Margins & Growth Rates
Tuas' revenue in the last 12 month grew by 18%.
Tuas' revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.4M for the same period.
Tuas' rule of 40 is 64% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tuas' rule of X is 92% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Tuas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Margin | 45% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Growth | 17% | XXX | 18% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 64% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 92% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 61% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tuas Public Comps
See public comps and valuation multiples for other Telecom Service Providers comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tuas | XXX | XXX | XXX | XXX | XXX | XXX |
| Spark New Zealand | XXX | XXX | XXX | XXX | XXX | XXX |
| Partner Communications Co. | XXX | XXX | XXX | XXX | XXX | XXX |
| Chorus | XXX | XXX | XXX | XXX | XXX | XXX |
| Merit Interactive | XXX | XXX | XXX | XXX | XXX | XXX |
| Fujian Star-Net | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Tuas M&A Activity
Tuas acquired XXX companies to date.
Last acquisition by Tuas was on XXXXXXXX, XXXXX. Tuas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tuas
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialTuas Investment Activity
Tuas invested in XXX companies to date.
Tuas made its latest investment on XXXXXXXX, XXXXX. Tuas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tuas
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Tuas
| When was Tuas founded? | Tuas was founded in 2020. |
| Where is Tuas headquartered? | Tuas is headquartered in Australia. |
| How many employees does Tuas have? | As of today, Tuas has over 200 employees. |
| Is Tuas publicly listed? | Yes, Tuas is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Tuas? | Tuas trades under TUA ticker. |
| When did Tuas go public? | Tuas went public in 2020. |
| Who are competitors of Tuas? | Tuas main competitors are Spark New Zealand, Partner Communications Co., Chorus, Merit Interactive. |
| What is the current market cap of Tuas? | Tuas' current market cap is $2B. |
| What is the current revenue of Tuas? | Tuas' last 12 months revenue is $137M. |
| What is the current revenue growth of Tuas? | Tuas revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of Tuas? | Current revenue multiple of Tuas is 14.6x. |
| Is Tuas profitable? | Yes, Tuas is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tuas? | Tuas' last 12 months EBITDA is $62M. |
| What is Tuas' EBITDA margin? | Tuas' last 12 months EBITDA margin is 45%. |
| What is the current EV/EBITDA multiple of Tuas? | Current EBITDA multiple of Tuas is 32.5x. |
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