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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 2020 SGDUSD
Revenue2,028.80M1,470.79M
Gross Profit575.30M417.06M
Operating income231.30M167.68M
Income before tax192.30M139.40M
Net income150.10M108.81M
EBITDA537.80M389.88M
Diluted EPS0.080.06
Dividends Per Share0.050.03
Total Assets2,931.30M2,217.90M
Total liabilities2,504.80M1,895.20M
Total equity338.40M256.04M
Operating cash flow535.70M388.36M
Currency in SGDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 2,396.70M 2,410.70M 2,362M 2,330.60M 2,028.80M
Gross Profit 875.70M 806.90M 719.90M 617.30M 575.30M
Operating income 429.80M 358M 282.50M 244.60M 231.30M
Income before tax 411.90M 335.50M 246.50M 219.10M 192.30M
Net income 341.40M 268.60M 193.80M 178.40M 150.10M
EBITDA 694.80M 638.40M 573.70M 605.80M 537.80M
Diluted EPS 0.19 0.15 0.11 0.10 0.08
Dividends Per Share 0.20 0.16 0.16 0.09 0.05
Total Assets 2,196.30M 2,636M 2,653.50M 2,733.90M 2,931.30M
Total liabilities 2,000M 2,229.10M 2,265.10M 2,353.60M 2,504.80M
Total equity 194.90M 401.60M 308.10M 318.20M 338.40M
Operating cash flow 528.90M 490.60M 390.80M 411.50M 535.70M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,735.92M 1,746.27M 1,750.53M 1,708.40M 1,470.79M
Gross Profit 634.26M 584.50M 533.53M 452.50M 417.06M
Operating income 311.30M 259.33M 209.36M 179.29M 167.68M
Income before tax 298.33M 243.03M 182.68M 160.60M 139.40M
Net income 247.27M 194.57M 143.62M 130.77M 108.81M
EBITDA 503.24M 462.44M 425.18M 444.07M 389.88M
Diluted EPS 0.14 0.11 0.08 0.07 0.06
Dividends Per Share 0.14 0.11 0.11 0.06 0.03
Total Assets 1,520.24M 1,972.46M 1,946.80M 2,033.16M 2,217.90M
Total liabilities 1,384.37M 1,667.98M 1,661.84M 1,750.34M 1,895.20M
Total equity 134.90M 300.50M 226.04M 236.64M 256.04M
Operating cash flow 383.08M 355.38M 289.63M 301.64M 388.36M

Valuation Measures

Dec 2020
PER15.12
ROA5.29%
ROE45.72%
Operating margin11.40%
Profit margin7.39%

Key executives

  • Chief Executive Officer: Nikhil Oommen Jacob Eapen
  • Chief Financial Officer: Choon Hwee Chia
  • Head-Information Services: Yaw Yee Kee
  • Head-Network: Siew Loong Chong
  • Senior Vice President-Human Resources: Catherine Chia

Shareholders

  • Singapore Technologies Telemedia Pte Ltd. (55.7%)
  • Nippon Telegraph & Telephone Corp. (9.9%)
  • The Vanguard Group, Inc. (0.7%)
  • OH YUNG HSING ANDREW (0.6%)
  • Norges Bank Investment Management (0.5%)
  • Dimensional Fund Advisors LP (0.5%)
  • BlackRock Fund Advisors (0.4%)
  • JPMorgan Investment Management, Inc. (0.2%)
  • Mellon Investments Corp. (0.2%)
  • CHEN CHUN NAN (0.2%)

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

  • Tuas Ltd.
Last Updated on 9 Apr, 2021

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