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. The company was founded on May 7, 1998 and is headquartered in Singapore.

Financial Highlights

Dec 2022	SGD	USD
Revenue	2,327.30M	1,687.68M
Gross Profit	704.40M	510.80M
Operating income	155.20M	112.54M
Income before tax	89M	64.54M
Net income	54.30M	39.37M
EBITDA	421.70M	305.80M
Diluted EPS	0.03	0.02
Dividends Per Share	0.05	0.03
Total Assets	3,133.90M	2,336.63M
Total liabilities	2,649.90M	1,975.76M
Total equity	330.50M	246.42M
Operating cash flow	340.60M	246.99M
	Currency in SGD	Currency in USD

Historical Data

SGD | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	2,362M	2,330.60M	2,028.80M	2,042.60M	2,327.30M
Gross Profit	719.90M	617.30M	470.60M	514.30M	704.40M
Operating income	282.50M	244.60M	192.70M	216.80M	155.20M
Income before tax	246.50M	219.10M	192.30M	185.10M	89M
Net income	193.80M	178.40M	150M	141.40M	54.30M
EBITDA	573.70M	605.80M	499.20M	495.80M	421.70M
Diluted EPS	0.11	0.10	0.08	0.08	0.03
Dividends Per Share	0.16	0.09	0.05	0.06	0.05
Total Assets	2,653.50M	2,733.90M	2,931.30M	3,242.90M	3,133.90M
Total liabilities	2,265.10M	2,353.60M	2,504.70M	2,746.60M	2,649.90M
Total equity	308.10M	318.20M	338.40M	389.60M	330.50M
Operating cash flow	390.80M	411.50M	535.70M	608.20M	340.60M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	1,750.53M	1,708.40M	1,470.79M	1,519.94M	1,687.68M
Gross Profit	533.53M	452.50M	341.16M	382.70M	510.80M
Operating income	209.36M	179.29M	139.69M	161.32M	112.54M
Income before tax	182.68M	160.60M	139.40M	137.73M	64.54M
Net income	143.62M	130.77M	108.74M	105.21M	39.37M
EBITDA	425.18M	444.07M	361.89M	368.93M	305.80M
Diluted EPS	0.08	0.07	0.06	0.06	0.02
Dividends Per Share	0.11	0.06	0.03	0.04	0.03
Total Assets	1,946.80M	2,033.16M	2,217.90M	2,405.44M	2,336.63M
Total liabilities	1,661.84M	1,750.34M	1,895.13M	2,037.31M	1,975.76M
Total equity	226.04M	236.64M	256.04M	288.98M	246.42M
Operating cash flow	289.63M	301.64M	388.36M	452.57M	246.99M

Valuation Measures

Dec 2022
PER	33.12
ROA	1.70%
ROE	15.08%
Operating margin	6.66%
Profit margin	2.33%

Key executives

Chief Executive Officer & Executive Director: Nikhil Oommen Jacob Eapen
Chief Financial Officer: Choon Hwee Chia
Chief Technology Officer-Transformation & Product: Ayush Sharma
Chief Technology Officer-Network Operations: Siew Loong Chong
Head-Information Services: Yaw Yee Kee

Shareholders

Singapore Technologies Telemedia Pte Ltd. (55.7%)
Nippon Telegraph & Telephone Corp. (9.9%)
DBS Group Holdings Ltd. (1.3%)
The Vanguard Group, Inc. (0.8%)
OH YUNG HSING ANDREW (0.6%)
Dimensional Fund Advisors LP (0.5%)
Norges Bank Investment Management (0.5%)
BlackRock Fund Advisors (0.4%)
CHOO PIANG WONG (0.2%)
StarHub Ltd. (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

Malaren International Sdn. Bhd.
HKBN JOS (Malaysia) 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.
HKBN Jos Singapore Pte Ltd.

Competitors

Last Updated on 31 Mar, 2023