Astro Malaysia Holdings Bhd.

Company Background

Astro Malaysia Holdings has a near-monopoly on pay-TV, radio, publications and digital media in its home market. More than half of Malaysia's TV-viewing households get the company's 170-plus channels, which are delivered through satellite dishes and over the Internet. Astro's programming includes both domestic and international content in multiple languages, including Chinese, English, Malay and Tamil.

Ananda Krishnan, a well-known businessman, owns a majority stake in Astro through his privately held company, Usaha Tegas. Krishnan's business interests span the telecommunications, energy, property and gaming sectors.

Astro is currently led by CEO Rohana Rozhan, an accountant who joined the company in the 1990s. The media group is in the process of launching a home shopping channel and broadening its TV programming to reach a wider audience in Southeast Asia.

Business Summary

Astro Malaysia Holdings Bhd. is an investment holding company, which engages in the provision of television services, radio services, film library licensing, content creation, aggregation and distribution, talent management, multimedia interactive services, digital, media and home shopping services. It operates through the following segments: Television, Radio, Home-Shopping, and Others. The Television segment provides content, creation, aggregation and distribution, magazine publication, and distribution and multimedia interactive services. The Radio segment offers radio broadcasting services. The Home-Shopping segment covers the Go Shop home-shopping business. The company was founded on February 14, 2012 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Jan 2023	MYR	USD
Revenue	3,800.06M	861.25M
Gross Profit	1,168.95M	264.93M
Operating income	476.11M	107.90M
Income before tax	289.06M	65.51M
Net income	259.03M	58.70M
EBITDA	1,334.07M	302.35M
Diluted EPS	0.04	0.01
Dividends Per Share	0.03	0.00
Total Assets	5,700.72M	1,336.39M
Total liabilities	4,602.71M	1,078.99M
Total equity	1,071.30M	251.13M
Operating cash flow	1,216.72M	275.76M
	Currency in MYR	Currency in USD

Historical Data

MYR | USD

	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023
Revenue	5,479.04M	4,911.80M	4,359.66M	4,175.48M	3,800.06M
Gross Profit	1,935.65M	1,895.56M	1,619.80M	1,424.58M	1,168.95M
Operating income	976.93M	1,070.80M	875.47M	751.82M	476.11M
Income before tax	650.34M	862.59M	692.96M	590.62M	289.06M
Net income	462.92M	655.29M	539.84M	460.87M	259.03M
EBITDA	2,070.78M	2,138.30M	1,812.39M	1,608.40M	1,334.07M
Diluted EPS	0.08	0.12	0.10	0.08	0.04
Dividends Per Share	0.09	0.07	0.08	0.06	0.03
Total Assets	6,259.55M	6,198.41M	5,785.22M	5,324.79M	5,700.72M
Total liabilities	5,580.65M	5,259.65M	4,636.45M	4,121.03M	4,602.71M
Total equity	585.26M	855.80M	1,077.83M	1,135.10M	1,071.30M
Operating cash flow	1,668.85M	1,455.19M	1,567.74M	1,198.46M	1,216.72M

	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023
Revenue	1,353.06M	1,186.51M	1,037.99M	1,004.43M	861.25M
Gross Profit	478.01M	457.89M	385.66M	342.69M	264.93M
Operating income	241.25M	258.66M	208.44M	180.85M	107.90M
Income before tax	160.60M	208.37M	164.98M	142.07M	65.51M
Net income	114.31M	158.29M	128.53M	110.86M	58.70M
EBITDA	511.38M	516.53M	431.51M	386.91M	302.35M
Diluted EPS	0.02	0.03	0.02	0.02	0.01
Dividends Per Share	0.02	0.01	0.01	0.01	0.00
Total Assets	1,528.21M	1,512.54M	1,431.10M	1,272.19M	1,336.39M
Total liabilities	1,362.46M	1,283.46M	1,146.92M	984.59M	1,078.99M
Total equity	142.88M	208.83M	266.62M	271.19M	251.13M
Operating cash flow	412.12M	351.52M	373.26M	288.29M	275.76M

Valuation Measures

Jan 2023
PER	12.37
ROA	4.69%
ROE	23.48%
Operating margin	12.52%
Profit margin	6.81%

Management

Group Chief Executive Officer: Euan Smith
Group Chief Operating Officer: Hwee Ling Lee
Group Chief Financial Officer: Shafiq Abdul Jabbar
Chief Technology Officer: Mauro di Pietro Paolo
Chief Executive Officer-Go Shop: Yen Wah Lim

Shareholders

KRISHNAN TATPARANANDAM ANANDA (37.4%)
Khazanah Nasional Bhd. (20.6%)
Harapan Terus Sdn. Bhd. (9.0%)
Permodalan Nasional Bhd. (6.4%)
Employees Provident Fund (5.0%)
The Vanguard Group, Inc. (1.1%)
Kumpulan Wang Persaraan (0.5%)
Terengganu Islam Foundation (0.3%)
Invesco Capital Management LLC (0.1%)
Dimensional Fund Advisors LP (0.1%)

Contact Details

Website:http://corporate.astro.com.my
Address: All Asia Broadcast Centre, 3rd Floor, Administration Building, Kuala Lumpur, 57000, Malaysia
Phone: +60.3.9543.6688

Related Companies

Astro Awani Network Sdn. Bhd.
Maestra Broadcast Sdn. Bhd.
Astro Radio Sdn. Bhd.
Astro (Brunei) Sdn. Bhd.
Astro Television Network System Sdn. Bhd.
Mbns Multimedia Technologies Sdn. Bhd.
Astro Digital Sdn. Bhd.
Astro Retail Ventures Sdn. Bhd.
Astro Production Services Sdn. Bhd.
Astro Sports Marketing Sdn. Bhd.
MEASAT Broadcast Network Systems Sdn. Bhd.

Competitors

Last Updated on 25 Sep, 2023