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StarHub

DB:RYTB
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RYTB
DB
SGD3B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

StarHub Ltd, an integrated info communications company, provides communications, entertainment, and digital solutions for consumers and enterprises in Singapore. The last earnings update was 13 days ago. More info.


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RYTB Share Price and Events
7 Day Returns
0%
DB:RYTB
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
-14.9%
DB:RYTB
1.1%
Europe Wireless Telecom
9.9%
DE Market
RYTB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
StarHub (RYTB) 0% 10.2% 13.8% -14.9% -46.7% -61.7%
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • RYTB underperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • RYTB underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
RYTB
Industry
5yr Volatility vs Market

Value

 Is StarHub undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of StarHub to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for StarHub.

DB:RYTB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:RYTB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 17%) (49.15%))
0.647
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:RYTB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for StarHub is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:RYTB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 5%)
2020 238.41 Analyst x7 227.07
2021 261.69 Analyst x7 237.37
2022 252.35 Analyst x2 218.01
2023 207.30 Analyst x1 170.57
2024 201.23 Est @ -2.93% 157.70
2025 197.24 Est @ -1.98% 147.22
2026 194.64 Est @ -1.32% 138.36
2027 192.97 Est @ -0.85% 130.65
2028 191.95 Est @ -0.53% 123.78
2029 191.37 Est @ -0.3% 117.53
Present value of next 10 years cash flows SGD1,668.00
DB:RYTB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SGD191.37 × (1 + 0.23%) ÷ (5% – 0.23%)
SGD4,022.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD4,022.79 ÷ (1 + 5%)10
SGD2,470.58
DB:RYTB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD1,668.00 + SGD2,470.58
SGD4,138.58
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD4,138.58 / 1,731.61
SGD2.39
DB:RYTB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:RYTB represents 0.66439x of SGX:CC3
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.66439x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SGD) x Listing Adjustment Factor
= SGD 2.39 x 0.66439
€1.59
Value per share (EUR) From above. €1.59
Current discount Discount to share price of €0.97
= -1 x (€0.97 - €1.59) / €1.59
38.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price StarHub is available for.
Intrinsic value
39%
Share price is €0.97 vs Future cash flow value of €1.59
Current Discount Checks
For StarHub to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • StarHub's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • StarHub's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for StarHub's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are StarHub's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:RYTB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in SGD SGD0.09
SGX:CC3 Share Price ** SGX (2019-11-18) in SGD SGD1.46
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of StarHub.

DB:RYTB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:CC3 Share Price ÷ EPS (both in SGD)

= 1.46 ÷ 0.09

15.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • StarHub is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • StarHub is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does StarHub's expected growth come at a high price?
Raw Data
DB:RYTB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
-10.8%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:RYTB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.45x ÷ -10.8%

-1.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • StarHub earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on StarHub's assets?
Raw Data
DB:RYTB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in SGD SGD0.30
SGX:CC3 Share Price * SGX (2019-11-18) in SGD SGD1.46
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:RYTB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:CC3 Share Price ÷ Book Value per Share (both in SGD)

= 1.46 ÷ 0.30

4.9x

* Primary Listing of StarHub.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • StarHub is overvalued based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess StarHub's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. StarHub has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is StarHub expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-10.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is StarHub expected to grow at an attractive rate?
  • StarHub's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • StarHub's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • StarHub's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:RYTB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:RYTB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts -10.8%
DB:RYTB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts -0.6%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:RYTB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:RYTB Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31 2,341 1
2021-12-31 2,293 499 141 15
2020-12-31 2,292 513 156 19
2019-12-31 2,325 528 179 18
2019-11-18
DB:RYTB Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-09-30 2,342 388 164
2019-06-30 2,351 385 163
2019-03-31 2,396 407 185
2018-12-31 2,362 418 194
2018-09-30 2,429 441 229
2018-06-30 2,412 462 238
2018-03-31 2,382 445 256
2017-12-31 2,411 517 269
2017-09-30 2,359 535 275
2017-06-30 2,379 515 296
2017-03-31 2,398 569 324
2016-12-31 2,397 551 341

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • StarHub's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • StarHub's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:RYTB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from StarHub Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RYTB Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.08 0.09 0.07 12.00
2020-12-31 0.09 0.11 0.07 16.00
2019-12-31 0.10 0.11 0.09 11.00
2019-11-18
DB:RYTB Past Financials Data
Date (Data in SGD Millions) EPS *
2019-09-30 0.09
2019-06-30 0.09
2019-03-31 0.11
2018-12-31 0.11
2018-09-30 0.13
2018-06-30 0.14
2018-03-31 0.15
2017-12-31 0.16
2017-09-30 0.16
2017-06-30 0.17
2017-03-31 0.19
2016-12-31 0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • StarHub is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess StarHub's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
StarHub has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has StarHub performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare StarHub's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • StarHub's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • StarHub's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • StarHub's 1-year earnings growth is negative, it can't be compared to the Europe Wireless Telecom industry average.
Earnings and Revenue History
StarHub's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from StarHub Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:RYTB Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 2,341.70 163.60 187.90
2019-06-30 2,351.30 162.60 204.90
2019-03-31 2,395.80 184.80 221.00
2018-12-31 2,362.00 193.80 238.50
2018-09-30 2,429.40 229.20 241.80
2018-06-30 2,412.40 237.50 243.80
2018-03-31 2,381.80 255.80 240.20
2017-12-31 2,410.70 268.60 249.70
2017-09-30 2,358.60 275.10 246.50
2017-06-30 2,378.70 295.80 249.30
2017-03-31 2,397.70 324.40 264.00
2016-12-31 2,396.70 341.40 270.80
2016-09-30 2,395.70 368.20 277.40
2016-06-30 2,413.50 400.90 290.00
2016-03-31 2,417.30 391.40 289.60
2015-12-31 2,444.30 372.30 284.70
2015-09-30 2,457.80 385.80 277.60
2015-06-30 2,446.80 364.80 282.70
2015-03-31 2,433.70 360.00 288.20
2014-12-31 2,387.20 370.50 300.50
2014-09-30 2,363.80 368.60 302.30
2014-06-30 2,350.50 366.20 299.20
2014-03-31 2,360.90 372.50 300.90
2013-12-31 2,369.60 379.50 298.20
2013-09-30 2,399.80 375.00 295.60
2013-06-30 2,406.80 375.90 293.90
2013-03-31 2,410.80 362.10 291.00
2012-12-31 2,421.60 359.30 293.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst StarHub has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • StarHub used its assets more efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • StarHub's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess StarHub's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
StarHub has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is StarHub's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up StarHub's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • StarHub is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • StarHub's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of StarHub's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from StarHub Company Filings, last reported 1 month ago.

DB:RYTB Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 579.10 1,028.40 154.30
2019-06-30 554.70 1,028.40 98.20
2019-03-31 636.10 1,028.30 171.50
2018-12-31 588.00 1,028.50 170.70
2018-09-30 581.10 978.50 249.60
2018-06-30 596.00 978.50 244.50
2018-03-31 663.50 978.40 293.90
2017-12-31 605.90 977.50 352.40
2017-09-30 398.80 977.50 454.30
2017-06-30 394.80 987.50 452.90
2017-03-31 258.50 987.50 401.20
2016-12-31 194.90 987.50 289.40
2016-09-30 229.90 987.50 432.60
2016-06-30 222.20 987.50 522.90
2016-03-31 282.20 687.50 270.70
2015-12-31 187.60 687.50 178.20
2015-09-30 190.80 687.50 232.40
2015-06-30 155.10 687.50 154.60
2015-03-31 226.60 687.50 224.50
2014-12-31 149.00 689.20 268.80
2014-09-30 109.20 687.50 300.00
2014-06-30 94.50 687.50 268.40
2014-03-31 169.70 687.50 379.30
2013-12-31 110.60 692.60 271.80
2013-09-30 83.00 687.50 331.70
2013-06-30 71.20 687.50 304.30
2013-03-31 137.30 687.50 397.30
2012-12-31 43.50 696.40 316.90
  • StarHub's level of debt (177.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (627.1% vs 177.6% today).
  • Debt is well covered by operating cash flow (37.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7x coverage).
X
Financial health checks
We assess StarHub's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. StarHub has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is StarHub's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.16%
Current annual income from StarHub dividends. Estimated to be 5.55% next year.
If you bought €2,000 of StarHub shares you are expected to receive €123 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • StarHub's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • StarHub's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:RYTB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:RYTB Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.09 1.00
2021-12-31 0.07 15.00
2020-12-31 0.08 18.00
2019-12-31 0.09 17.00
2019-11-18
DB:RYTB Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-11-05 0.090 6.205
2019-08-06 0.090 6.796
2019-05-03 0.090 5.923
2019-04-11 0.160 10.413
2019-02-14 0.160 10.249
2018-11-09 0.160 8.777
2018-08-07 0.160 9.007
2018-04-04 0.160 8.305
2018-02-14 0.160 6.556
2017-11-02 0.160 5.579
2017-08-02 0.160 6.085
2017-05-03 0.160 5.867
2017-03-21 0.200 7.040
2017-02-03 0.200 7.052
2016-11-02 0.200 6.799
2016-08-03 0.200 5.656
2016-05-05 0.200 5.482
2016-03-28 0.200 6.013
2015-11-06 0.200 5.704
2015-08-05 0.200 5.548
2015-05-15 0.200 5.014
2015-04-06 0.200 4.617
2015-02-25 0.200 4.684
2014-11-05 0.200 4.820
2014-08-05 0.200 4.863
2014-05-07 0.200 4.775
2014-03-21 0.200 4.812
2013-11-07 0.200 4.766
2013-08-06 0.200 4.664
2013-05-09 0.200 4.749
2013-03-21 0.200 4.474
2012-11-02 0.200 5.155
2012-08-08 0.200 5.447
2012-05-04 0.200 5.865
2012-02-02 0.200 6.606
2011-11-09 0.200 6.994
2011-08-04 0.200 7.073
2011-05-04 0.200 7.199
2011-02-11 0.200 7.440
2010-11-09 0.200 7.603
2010-08-05 0.200 7.986
2010-05-06 0.200 8.833
2010-02-04 0.200 8.889
2009-11-10 0.200 9.614
2009-08-05 0.180 8.653
2009-05-07 0.180 8.463
2009-03-24 0.180 9.299
2009-02-10 0.180 8.931

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of StarHub's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess StarHub's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can StarHub afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. StarHub has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of StarHub's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Peter Kaliaropoulos
COMPENSATION SGD1,977,002
TENURE AS CEO 1.3 years
CEO Bio

Mr. Peter Kaliaropoulos has been the Chief Executive Officer of StarHub Ltd. since July 9, 2018. He was Chief Executive Officer at Mobile Telecommunications Company Saudi Arabia (a/k/a, Jain KSA) from January 1, 2017 to June 30, 2018. In his most recent role, Mr. Kaliaropoulos was the GM of ‘touch’ Lebanon until June 2016, the country’s leading operator that Zain manages on behalf of the Lebanon Telecom Ministry and then took on the role as an advisor to the ‘touch’ Chairman and Vice Chairman of Zain Group, Mr. Bader Al Kharafi. He has more than 30 years of experience in the international ICT sector and playing a key role in the transformation and growth of a number of companies operating across the Asia-Pacific and Middle East regions. In his varied roles over the years, Mr. Kaliaropoulos has been responsible for driving customer-centric operating cultures, optimization of productivity levels and implementing growth strategies. He served as Chief Operating Officer, Ooredoo (Kuwait) from October 2013 to July 2014. Mr. Kaliaropoulos served as Group Chief Executive, Batelco (Bahrain and Middle East) from June 2005 to June 2013. He served as Chief Executive, Clear Communications (New Zealand) from June 2000 to December 2002. Mr. Kaliaropoulos served as Senior Vice President, StarHub (Singapore) from January 1999 to June 2000. He held various senior business management and commercial roles with BT Group (Asia Pac), Telstra, Telecom Australia and OTC from January 1983 to December 1998. He served as the Chief Operating Officer of National Mobile Telecommunications Company K.S.C.P, from October 2013 to August 2014. Mr. Kaliaropoulos served as Group Chief Executive Officer of Bahrain Telecommunications Company BSC from 2005 to October 1, 2011 and served as its Chief Operating Officer since May 21, 2013. He served as the Managing Director of Optus Business of Australian Telco Optus from March 2003 to May 2005. He has also served as a Director on the Board of various technology and telecommunication companies in Singapore, India, USA, Australia, New Zealand and the Middle East. He served as Director at BT Syncordia Asia Pacific. Mr. Kaliaropoulos attained a Bachelor of Engineering in Electrical from University of NSW (Sydney, AUS) in 1980 and a Master of Business Administration from Macquarie University (Sydney, AUS) in 1985.

CEO Compensation
  • Insufficient data for Peter to compare compensation growth.
  • Peter's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the StarHub management team in years:

1.8
Average Tenure
  • The average tenure for the StarHub management team is less than 2 years, this suggests a new team.
Management Team

Peter Kaliaropoulos

TITLE
Chief Executive Officer
COMPENSATION
SGD2M
TENURE
1.3 yrs

Dennis Chia

TITLE
Chief Financial Officer
TENURE
4.3 yrs

Siew Chong

TITLE
Chief Technology Officer
TENURE
2.7 yrs

Yaw Kee

TITLE
Chief Information Officer
TENURE
1.8 yrs

Eric Loh

TITLE
Assistant Vice President of Investor Relations

Cassie Fong

TITLE
Assistant Vice President of Corporate Communications

Catherine Chia

TITLE
Senior Vice President of Human Resource
TENURE
1.8 yrs

Tim Goodchild

TITLE
Senior Vice President of Government

Chris Lipman

TITLE
Head of Customer Service Experience
TENURE
1.8 yrs

Johan Hendrik Buse

TITLE
Chief of Consumer Business Group
AGE
50
TENURE
1.2 yrs
Board of Directors Tenure

Average tenure and age of the StarHub board of directors in years:

3.5
Average Tenure
62
Average Age
  • The tenure for the StarHub board of directors is about average.
Board of Directors

Terry Clontz

TITLE
Non-Executive Chairman
COMPENSATION
SGD285K
AGE
68
TENURE
4.3 yrs

Ek Tor Teo

TITLE
Independent Director
COMPENSATION
SGD134K
AGE
66
TENURE
15.3 yrs

Nihal Vijaya Devadas Kaviratne

TITLE
Lead Independent Director
COMPENSATION
SGD189K
AGE
75
TENURE
1.1 yrs

Stephen Geoffrey Miller

TITLE
Non-Executive Director
COMPENSATION
SGD175K
AGE
56
TENURE
2.8 yrs

Paul Ma

TITLE
Independent Director
COMPENSATION
SGD144K
AGE
72
TENURE
4.2 yrs

Ming Seong Lim

TITLE
Non-Executive Director
COMPENSATION
SGD154K
AGE
72
TENURE
18.9 yrs

Nasser Mohammed Marafih

TITLE
Non-Executive Director
COMPENSATION
SGD119K
AGE
58
TENURE
12.3 yrs

Michelle Guthrie

TITLE
Independent Director
COMPENSATION
SGD140K
AGE
54
TENURE
2.3 yrs

Naoki Wakai

TITLE
Non-Executive Director
COMPENSATION
SGD56K
AGE
54
TENURE
2.3 yrs

Nayantara Bali

TITLE
Independent Non-Executive Director
COMPENSATION
SGD44K
AGE
53
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. Aug 19 Sell Nihal Vijaya Devadas Kaviratne Individual 13. Aug 19 14. Aug 19 -106,400 €0.93 €-97,510
26. Feb 19 Sell DBS Group Holdings Limited, Asset Management Arm Company 19. Feb 19 19. Feb 19 -200,000 €0.19 €-38,342
19. Feb 19 Sell Temasek Holdings (Private) Limited Company 12. Feb 19 12. Feb 19 -325,000 €1.25 €-407,251
22. Nov 18 Buy Nihal Vijaya Devadas Kaviratne Individual 20. Nov 18 20. Nov 18 37,000 €1.18 €43,706
X
Management checks
We assess StarHub's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. StarHub has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

StarHub Ltd, an integrated info communications company, provides communications, entertainment, and digital solutions for consumers and enterprises in Singapore. The company operates in three segments: Telecommunications, Cyber Security, and High Security Assurance Product. It offers a range of services, including mobile; pay TV; broadband; telco services for enterprises comprising mobility, Internet connectivity, and VPN; and information and communication technologies solutions, such as Internet of Things, cyber security, data center, and cloud services. The company also provides digital services consisting of cyber security, digital marketing, and hr payroll to small and medium sized enterprises; and fixed network wholesale services facilities- based and service-based operators, as well as sells equipment. StarHub Ltd was founded in 1998 and is headquartered in Singapore. StarHub Ltd is a subsidiary of Asia Mobile Holdings Pte. Ltd.

Details
Name: StarHub Ltd
RYTB
Exchange: DB
Founded: 1998
SGD1,676,713,164
1,731,614,890
Website: http://www.starhub.com
Address: StarHub Ltd
67 Ubi Avenue 1,
No. 05-01 StarHub Green,
Singapore,
408942,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX CC3 Ordinary Shares Singapore Exchange SG SGD 13. Oct 2004
OTCPK SRHB.F Ordinary Shares Pink Sheets LLC US USD 13. Oct 2004
DB RYTB Ordinary Shares Deutsche Boerse AG DE EUR 13. Oct 2004
OTCPK SRHB.Y UNSPONSORD ADR Pink Sheets LLC US USD 11. Nov 2008
Number of employees
Current staff
Staff numbers
2,346
StarHub employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 20:54
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/17
Last earnings filing: 2019/11/05
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.