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Communications

StarHub Ltd.

Company Background

StarHub offers a full range of information and communications services to both corporate and individual customers in Singapore, including fixed-line telephone services, a mobile network, a multichannel pay TV network and broadband Internet services. The company was created in 1998 by a consortium led by Singapore Technologies Telemedia, a unit of Singapore's state-owned investment firm Temasek Holdings, as a part of telecommunications market liberalization efforts at the time. StarHub officially launched operations in 2000, and was listed on the Singapore Stock Exchange in 2004. Temasek Holdings is the largest shareholder of StarHub, with a majority stake, followed by Japan's Nippon Telegraph and Telephone (NTT).

Tan Tong Hai was appointed CEO in 2013. Prior to joining StarHub in 2009 as chief operating officer, Tan held management positions at various Internet-related companies, including IBM Asia Pacific. In the face of heated price competition especially in broadband services, StarHub is adding new services to encourage the bundled use of services across different devices. One of such efforts is StarHub's "TV Anywhere" service which allows pay TV subscribers to watch TV programs on their Internet-enabled mobile devices.

Business Summary

StarHub Ltd. is engages in the operations of telecommunications services and other businesses relating to the info-communications industry. It operates through the following segments: Telecommunications, Cyber Security and High Security Assurance Product segments. The company was founded on May 5, 1998 and is headquartered in Singapore.

Financial Highlights

Dec 2019 SGDUSD
Revenue2,330.60M1,708.40M
Gross Profit690.10M505.86M
Operating income256.90M188.31M
Income before tax219.10M160.60M
Net income186.40M136.63M
EBITDA618.10M453.08M
Diluted EPS0.100.07
Dividends Per Share----
Total Assets2,733.90M2,033.16M
Total liabilities2,353.70M1,750.41M
Total equity318.20M236.64M
Operating cash flow403.70M295.92M
Currency in SGDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 2,444.30M 2,396.70M 2,410.70M 2,362M 2,330.60M
Gross Profit 849.10M 875.70M 806.90M 719.70M 690.10M
Operating income 393.30M 429.80M 358M 283.40M 256.90M
Income before tax 440.50M 411.90M 335.50M 246.50M 219.10M
Net income 372.30M 341.40M 268.60M 193.80M 186.40M
EBITDA 664.70M 694.80M 638.40M 574.60M 618.10M
Diluted EPS 0.21 0.19 0.15 0.11 0.10
Dividends Per Share 0.20 0.20 0.16 0.16 --
Total Assets 1,909.40M 2,196.30M 2,636M 2,635.50M 2,733.90M
Total liabilities 1,720.70M 2,000M 2,229.10M 2,247.10M 2,353.70M
Total equity 187.60M 194.90M 401.60M 328.20M 318.20M
Operating cash flow 526.80M 528.90M 490.60M 390.80M 403.70M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 1,777.33M 1,735.92M 1,746.27M 1,750.53M 1,708.40M
Gross Profit 617.41M 634.26M 584.50M 533.38M 505.86M
Operating income 285.98M 311.30M 259.33M 210.03M 188.31M
Income before tax 320.30M 298.33M 243.03M 182.68M 160.60M
Net income 270.71M 247.27M 194.57M 143.62M 136.63M
EBITDA 483.32M 503.24M 462.44M 425.84M 453.08M
Diluted EPS 0.15 0.14 0.11 0.08 0.07
Dividends Per Share 0.14 0.14 0.11 0.11 --
Total Assets 1,345.92M 1,520.24M 1,972.46M 1,933.60M 2,033.16M
Total liabilities 1,212.91M 1,384.37M 1,667.98M 1,648.64M 1,750.41M
Total equity 132.23M 134.90M 300.50M 240.79M 236.64M
Operating cash flow 383.05M 383.08M 355.38M 289.63M 295.92M

Valuation Measures

Dec 2019
PER13.19
ROA6.94%
ROE57.67%
Operating margin11.02%
Profit margin7.99%

Key executives

  • Chief Executive Officer: Peter Kaliaropoulos
  • Chief Financial Officer: Choon Hwee Chia
  • Head-Information Services: Yaw Yee Kee
  • Chief-Enterprise Business Group: Yoke Sin Chong
  • Head-Network: Siew Loong Chong

Shareholders

  • Singapore Technologies Telemedia Pte Ltd. (55.7%)
  • Nippon Telegraph & Telephone Corp. (9.9%)
  • The Vanguard Group, Inc. (0.9%)
  • Norges Bank Investment Management (0.6%)
  • Dimensional Fund Advisors LP (0.6%)
  • BlackRock Advisors (UK) Ltd. (0.6%)
  • OH YUNG HSING ANDREW (0.6%)
  • BlackRock Asset Management Deutschland AG (0.4%)
  • BlackRock Fund Advisors (0.4%)
  • Mellon Investments Corp. (0.3%)

Contact Details

  • Website:http://www.starhub.com
  • Address: No. 05-01 StarHub Green, 67 Ubi Avenue 1, Singapore, 408942, Singapore
  • Phone: +65.6825.5000

Related Companies

  • Taman Kenyir Holdings Sdn. Bhd.
  • Starhub Ltd. /Cyber Security Business/
  • Starhub Ltd. /2 Subsidiaries/
  • Accel Systems & Technologies Pte Ltd.
  • Starhub, Inc.
  • Starhub (Hong Kong) Ltd.
  • Starhub (Mauritius) Ltd.
  • Starhub Shop Pte Ltd.
  • StarHub Internet Pte Ltd.
  • Singapore CableVision Pte Ltd.
  • Nucleus Connect Pte Ltd.
  • StarHub Mobile Pte Ltd.
  • StarHub Online Pte Ltd.
  • StarHub Cable Vision Ltd.

Competitors

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