The All Ordinaries Index (ASX: XAO) has gained 1% over the past three years, but this ASX All Ords share has left those gains eating its dust.
The high-flying company in question is ASX telecom stock Tuas Ltd (ASX: TUA).
Three years ago, on 6 August 2021, I could have snapped up Tuas shares for 71 cents a pop.
Yesterday, the Tuas share price closed the day trading for $4.24.
That sees this ASX All Ords share up a very impressive 497.2% in just three years.
And it means if I'd invested $6,000 in the company three years ago, I'd be sitting on $35,831 today.
And this comes despite a 10% retrace in the Tuas share price since the stock hit an all-time closing high of $4.81 on 18 July.
Boom!
Here's what's been driving the company's success.
ASX All Ords share on an extraordinary run
As you can see on the chart below, the Tuas share price has been on a strong upward trend for most of the past three years, with the stock price really taking off in early 2023.
Turning to the company's most recent results, Tuas released its half-year results on 20 March. And investors reacted by sending the ASX All Ords share soaring to close up 12.8% on the day.
Why?
Well, among the metrics impressing investors was a 38% year on year increase in revenue for the half year to S$54.7 million (AU$62.9 million), driven by the telco's growing subscriber base.
At the end of the half, the telco had 938,000 active mobile services, up from 819,000 a year earlier.
And earnings before interest, taxes, depreciation and amortisation (EBITDA) of S$22.4 million was up 56% from the prior corresponding half-year.
EBITDA margins also improved, coming in at 41% compared to 36% in 1H FY 2023.
Investors will also have taken note of the 56% improvement in profit before interest, tax, depreciation and amortisation, which was reported at S$22.38 million, up from S$14.3 million in H1 FY 2023.
In another promising sign for the ASX All Ords share, the average revenue per user (ARPU) increased from S$9.37 a month in FY 2023 to $9.56 a month over the reporting period.
As for the outlook for the full FY 2024 year, management expects ongoing subscriber growth, and the telco is aiming to achieve positive net cash flow for the full year.
Remember, before investing in any ASX share, be sure to do your own research or seek expert advice.
