NETLF (NetLink NBN Trust) Capex-to-Operating-Cash-Flow: 0.33 (As of Mar. 2026) — 13% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NETLF NetLink NBN Trust NETLF
32 GF Score
Price $0.77
GF Value $0.68
Valuation Modestly Overvalued
! 9 Warning Signs
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What is NetLink NBN Trust Capex-to-Operating-Cash-Flow?

NetLink NBN Trust NETLF +1.52% 32 Capex-to-Operating-Cash-Flow is 0.33 as of Mar. 2026, which is 13% below its 10-year median of 0.38. GuruFocus rates NETLF with a GF Score™ of 32/100 and a GF Value™ of $0.68 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 265 Telecommunication Services companies, NetLink NBN Trust ranks better than 67.92% on this metric.

Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.

NetLink NBN Trust's Capital Expenditure for the six months ended in Mar. 2026 was $-38.71 Mil. Its Cash Flow from Operations for the six months ended in Mar. 2026 was $117.42 Mil.

Hence, NetLink NBN Trust's Capex-to-Operating-Cash-Flow for the six months ended in Mar. 2026 was 0.33.


NetLink NBN Trust  (OTCPK:NETLF) Capex-to-Operating-Cash-Flow Explanation

Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.

Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.


NetLink NBN Trust Capex-to-Operating-Cash-Flow Related Terms


NetLink NBN Trust Capex-to-Operating-Cash-Flow Historical Data

* Premium members only.

The historical data trend for NetLink NBN Trust's Capex-to-Operating-Cash-Flow can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NetLink NBN Trust Capex-to-Operating-Cash-Flow Chart

NetLink NBN Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Capex-to-Operating-Cash-Flow
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.34 0.46 0.56 0.41

NetLink NBN Trust Semi-Annual Data
Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Capex-to-Operating-Cash-Flow Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 0.54 0.57 0.53 0.33

NETLF vs TMUS, VZ, T: Capex-to-Operating-Cash-Flow Comparison

For the Telecom Services subindustry, NetLink NBN Trust's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NetLink NBN Trust Capex-to-Operating-Cash-Flow vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, NetLink NBN Trust's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where NetLink NBN Trust's Capex-to-Operating-Cash-Flow falls into.


NETLF
32GF Score
NetLink NBN Trust NETLF
Capex-to-Operating-Cash-Flow is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NetLink NBN Trust Capex-to-Operating-Cash-Flow Calculation

NetLink NBN Trust's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Mar. 2026 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-83.575) / 202.28
=0.41

NetLink NBN Trust's Capex-to-Operating-Cash-Flow for the quarter that ended in Mar. 2026 is calculated as

Capex-to-Operating-Cash-Flow=- Capital Expenditure / Cash Flow from Operations
=- (-38.714) / 117.423
=0.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Capex-to-Operating-Cash-Flow of 0.33 mean?
NetLink NBN Trust (NETLF) has a Capex-to-Operating-Cash-Flow of 0.33 as of Mar. 2026. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on NetLink NBN Trust and its competitors. This is 13% below median its historical median of 0.38. Over the past decade, NetLink NBN Trust's Capex-to-Operating-Cash-Flow has ranged from 0.23 to 1.34. According to the industry distribution chart, NetLink NBN Trust ranks #85 out of 265 companies in the Telecommunication Services industry, placing it in the top 32.1%.
Is NetLink NBN Trust's Capex-to-Operating-Cash-Flow too high?
NetLink NBN Trust's current Capex-to-Operating-Cash-Flow of 0.33 is 13% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.34. The Telecommunication Services industry median Capex-to-Operating-Cash-Flow is 0.53. NetLink NBN Trust's value of 0.33 is 37.7% below this industry median. Based on the distribution chart, NetLink NBN Trust ranks #85 out of 265 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, NetLink NBN Trust has a GF Score™ of 32/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NetLink NBN Trust's Capex-to-Operating-Cash-Flow compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, NetLink NBN Trust ranks #85 out of 265 companies for Capex-to-Operating-Cash-Flow. This puts NetLink NBN Trust in the upper half of its industry. The industry median Capex-to-Operating-Cash-Flow is 0.53. NetLink NBN Trust's value of 0.33 is 37.7% below this benchmark. Historically, NetLink NBN Trust's own Capex-to-Operating-Cash-Flow has ranged from 0.23 to 1.34 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.53, NetLink NBN Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Capex-to-Operating-Cash-Flow for a Telecommunication Services company?
The median Capex-to-Operating-Cash-Flow among Telecommunication Services companies is 0.53, based on 265 companies in the industry. Companies in the top quartile (top 25%) have a Capex-to-Operating-Cash-Flow significantly above this median, while those in the bottom quartile fall well below. However, Capex-to-Operating-Cash-Flow should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NetLink NBN Trust's current Capex-to-Operating-Cash-Flow of 0.33 is 37.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Capex-to-Operating-Cash-Flow mean?
A high Capex-to-Operating-Cash-Flow can signal that a stock is expensive relative to its fundamentals. Capex to Operating Cash Flow ratio assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. View historical data on NetLink NBN Trust and its competitors. For the Telecommunication Services industry, the median Capex-to-Operating-Cash-Flow is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetLink NBN Trust's current Capex-to-Operating-Cash-Flow is 0.33, which is 13% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetLink NBN Trust stock overvalued right now?
Based on GuruFocus' analysis, NetLink NBN Trust (NETLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.68, compared to a current price of $0.77 — trading 13.1% above its estimated fair value. The current Capex-to-Operating-Cash-Flow is 0.33, which is 13% below median its 10-year median of 0.38 and 37.7% below the Telecommunication Services industry median of 0.53. NetLink NBN Trust's overall GF Score™ is 32/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Capex-to-Operating-Cash-Flow calculated?
Capex-to-Operating-Cash-Flow is calculated from a company's financial statements. For NetLink NBN Trust (NETLF), the current Capex-to-Operating-Cash-Flow is 0.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NetLink NBN Trust (NETLF) Overvalued in 2026?

Based on GuruFocus' analysis, NetLink NBN Trust stock appears to be overvalued. The current stock price of $0.77 is trading 13.1% above its estimated GF Value™ of $0.68. GuruFocus considers NetLink NBN Trust to be Modestly Overvalued.

Key valuation signals for NETLF:

  • Capex-to-Operating-Cash-Flow: 0.33 (13% below median its 10-year median of 0.38)
  • GF Value™: $0.68 vs. price of $0.77 (13.1% above fair value)
  • GF Score™: 32/100 with 9 warning signs
  • Industry Position: 37.7% below the Telecommunication Services median (#85 of 265)

No single metric tells the full story. See the NETLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NetLink NBN Trust Business Description

Other Exchanges CJLU:Singapore6NL:Germany
Address 750E Chai Chee Road, No. 07-03, ESR BizPark, Singapore, SGP, 469005
NetLink NBN Trust is a national provider of internet service. It designs, builds, owns, and operates network infrastructure comprising ducts, manholes, and fiber cables. Its non-building address point (NBAP) applications include infrastructure for telecommunications operators such as wireless network base stations, cameras, sensors, signage, and outdoor kiosks. The company generates the majority of its revenue from Installation-related revenue and Ancillary project revenue. The company operates in Singapore, the USA, the UK, and the rest of the World.
32GF Score

Get the complete analysis for NETLF

Capex-to-Operating-Cash-Flow is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.77
Price
$0.68
GF Value