STARHUB LTD Announces 4.5% YOY Revenue Growth and 25.9% Rise in Net Income for Q2 FY2023
August 5, 2023
☀️Earnings Overview
On August 3, 2023 STARHUB LTD ($SGX:CC3) released their financial results for the second quarter of fiscal year 2023. The total revenue was reported to be SGD 1106.1 million, which was a 4.5% increase over the same quarter of FY2022. Net income also saw an impressive 25.9% year-over-year increase, amounting to SGD 76.7 million.
Analysis
GoodWhale has conducted an analysis of STARHUB LTD‘s financials and the results are promising. According to Star Chart, STARHUB LTD has a health score of 8/10 which indicates that the company is able to pay its debt and fund future operations from its cashflows. The company is classified as ‘cow’, meaning it has the track record of paying out consistent and sustainable dividends. This makes STARHUB LTD an attractive investment option for investors that are interested in a steady, reliable source of income. In addition to its high health score, STARHUB LTD is also strong in profitability, medium in asset and dividend and weak in terms of growth. This means that the company is stable and can provide a steady stream of income with minimal risk. Although it does not have the potential for high growth, it offers a safe and reliable return. Investors that are looking for a steady income without putting their capital at risk will be well-suited to invest in STARHUB LTD. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Starhub Ltd. More…
| Total Revenues | Net Income | Net Margin |
| 2.37k | 70.1 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Starhub Ltd. More…
| Operations | Investing | Financing |
| 354.1 | -179.8 | -408.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Starhub Ltd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.97k | 2.26k | 0.33 |
Key Ratios Snapshot
Some of the financial key ratios for Starhub Ltd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.5% | -11.2% | 6.4% |
| FCF Margin | ROE | ROA |
| 6.8% | 17.3% | 3.2% |
Peers
It operates both fixed line and wireless services for businesses and consumers, and provides a wide range of television, broadband and mobile services. Its major competitors include Asia Pacific Telecom Co Ltd, Swoop Holdings Ltd, and TIM SA. All of these companies offer similar services in the telecommunications industry, with each striving to become the market leader.
– Asia Pacific Telecom Co Ltd ($TWSE:3682)
Asia Pacific Telecom Co Ltd is a telecommunications company operating in the Asia Pacific region. It has a market capitalization of 26.64B as of 2023, indicating it is a large-cap company. The company’s Return on Equity (ROE) is -10.72%, which indicates its performance has been below average compared to its industry peers. The negative ROE suggests that the company is not able to generate enough profits relative to its shareholders’ equity. The company provides telecommunication services such as mobile and fixed telephony, broadband internet, digital television, and various other services.
– Swoop Holdings Ltd ($ASX:SWP)
Swoop Holdings Ltd is a business that specializes in asset management and capital markets. It has a market capitalization of 58.38M as of 2023, making it a relatively small-cap stock compared to its peers. Its Return on Equity of -5.03% is also lower than the industry average, indicating that the company is not generating profits efficiently. Despite these figures, Swoop Holdings Ltd is still an attractive investment opportunity for investors looking for long-term growth potential and risk management.
– TIM SA ($BER:TCZ)
TIM SA is a leading global telecommunications and technology company based in Brazil. It specializes in providing services for mobile phones and internet, including voice and data, as well as offering other technologies such as Internet of Things and smart metering solutions. The company has a market cap of 5.52 billion as of 2023 and has a Return on Equity of 9.6%. This indicates that the company is making efficient use of its assets to generate good returns for its shareholders. The company also has a strong presence across South America, which provides it with a competitive edge in the market. TIM SA is well positioned to capitalize on the growth opportunities in the telecommunication sector.
Summary
Investing in STARHUB LTD is looking positive in the second quarter of FY2023. The company reported an impressive 4.5% year-over-year increase in revenue to SGD 1106.1 million, and a 25.9% increase in net income to SGD 76.7 million. This growth is a strong indicator of financial health and demonstrates the company’s ability to deliver returns for its shareholders. With such positive results, investors should be confident in the future of STARHUB LTD as it continues to grow and expand its operations.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
