Singapore Telecommunications Ltd.

Company Background

Formerly the public telephone authority, Singapore Telecommunications (SingTel) was privatized in 1992, before it listed the shares on the Singapore Exchange in 1993. Temasek Holdings, Singapore's sovereign wealth fund, holds a majority of the shares. The group's chief executive, Chua Sock Koong, joined the company in 1989. She was chief financial officer before taking over as CEO in 2007. Forbes magazine ranked her as one of the world's 100 most powerful women in 2014.

SingTel Group makes most of its money outside Singapore, through major telecommunication affiliates. Not only does it own Optus of Australia, it also partially owns Bharti Airtel of India, Telekomunikasi Selular of Indonesia, Advanced Info Service of Thailand, Globe Telecom of the Philippines and Pacific Bangladesh Telecom of Bangladesh. The company has been making a series of acquisitions in the digital advertisement industry through Amobee, a former Silicon Valley-based ad agency wholly owned by SingTel since 2012.

Business Summary

Singapore Telecommunications Ltd. is an investment holding company, which engages in the provision of telecommunications systems and services. It operates through the following segments: Group Consumer, Group Enterprise, Group Digital Life, and Corporate. The Group Consumer segment includes mobile, pay TV, fixed broadband and voice, as well as equipment sales. The Group Enterprise segment provides services include mobile, equipment sales, fixed voice and data, managed services, cloud computing, cyber security, information technology, and professional consulting. The Group Digital Life segment focuses on digital marketing, regional premium over-the-top video, and advanced analytics and intelligence capabilities. The Corporate segment comprises the costs of Group functions not allocated to the business segments. The company was founded on March 28, 1992 and is headquartered in Singapore.

Financial Highlights

Mar 2022	SGD	USD
Revenue	15,339.10M	11,373.59M
Gross Profit	2,828.70M	2,097.41M
Operating income	887.60M	658.13M
Income before tax	1,096M	812.65M
Net income	1,948.50M	1,444.76M
EBITDA	3,610.10M	2,676.80M
Diluted EPS	0.11	0.08
Dividends Per Share	0.09	0.06
Total Assets	49,131M	36,303.24M
Total liabilities	22,034.30M	16,281.30M
Total equity	27,080.10M	20,009.67M
Operating cash flow	4,902.80M	3,635.31M
	Currency in SGD	Currency in USD

Historical Data

SGD | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	17,268M	17,371.70M	16,542.30M	15,644M	15,339.10M
Gross Profit	5,076.80M	4,717.60M	3,869.30M	2,912M	2,828.70M
Operating income	2,540.20M	2,245M	1,782.30M	898.20M	887.60M
Income before tax	4,350.90M	2,183.20M	287.10M	-522.90M	1,096M
Net income	5,473M	3,094.50M	1,074.60M	553.70M	1,948.50M
EBITDA	4,791.70M	4,467.20M	4,362.60M	3,583M	3,610.10M
Diluted EPS	0.33	0.18	0.06	0.03	0.11
Dividends Per Share	0.20	0.17	0.12	0.07	0.09
Total Assets	48,495.50M	48,914.80M	48,954.90M	47,998.40M	49,131M
Total liabilities	18,784M	19,105.10M	22,140.90M	21,487M	22,034.30M
Total equity	29,714.70M	29,837.80M	26,789.20M	26,485.80M	27,080.10M
Operating cash flow	5,593.50M	4,989.80M	5,508.50M	5,231.70M	4,902.80M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	12,729.14M	12,791.29M	12,057.99M	11,449.92M	11,373.59M
Gross Profit	3,742.37M	3,473.70M	2,820.40M	2,131.30M	2,097.41M
Operating income	1,872.51M	1,653.05M	1,299.15M	657.39M	658.13M
Income before tax	3,207.27M	1,607.55M	209.27M	-382.71M	812.65M
Net income	4,034.43M	2,278.57M	783.29M	405.25M	1,444.76M
EBITDA	3,532.21M	3,289.33M	3,179.98M	2,622.41M	2,676.80M
Diluted EPS	0.24	0.13	0.04	0.02	0.08
Dividends Per Share	0.15	0.12	0.08	0.05	0.06
Total Assets	36,982.59M	36,112.80M	34,382.06M	35,723.72M	36,303.24M
Total liabilities	14,324.65M	14,104.90M	15,550.02M	15,992.11M	16,281.30M
Total equity	22,660.38M	22,028.64M	18,814.62M	19,712.56M	20,009.67M
Operating cash flow	4,123.25M	3,674.13M	4,015.25M	3,829.10M	3,635.31M

Valuation Measures

Mar 2022
PER	22.37
ROA	4.01%
ROE	7.27%
Operating margin	5.78%
Profit margin	12.70%

Key executives

Group Chief Executive Officer & Executive Director: Kuan Moon Yuen
Group Chief Financial Officer: Tao Yih Lang
Group Chief Technology Officer: Chin Kok Chong
Group Chief Information & Digital Officer: William Siew Wing Woo
Head-Carrier Sales & Voice Support: Kian Soon Lim

Shareholders

Temasek Holdings Pte Ltd. (Investment Company) (52.5%)
Central Provident Fund (4.7%)
Capital Research & Management Co. (Global Investors) (1.3%)
The Vanguard Group, Inc. (1.1%)
Emirates Investments Group LLC (1.1%)
Capital Research & Management Co. (World Investors) (1.0%)
BlackRock Fund Advisors (0.9%)
Norges Bank Investment Management (0.7%)
APG Asset Management NV (0.6%)
Capital International Ltd. (0.6%)

Contact Details

Website:http://www.singtel.com
Address: 31 Exeter Road, Comcentre, Singapore, 239732, Singapore
Phone: +65.6838.3388

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Competitors

TPG Telecom Limited
APT Satellite Holdings Limited
Qualys, Inc.

Last Updated on 24 Mar, 2023