StarHub Ltd
StarHub Ltd provides communications, entertainment, and digital solutions for individuals and corporations in Singapore. It operates through two segments, Telecommunications and Cyber Security. The company provides television subscription and broadcasting services; mobile telecommunications; broadband access, high speed wholesale broadband, and information security systems integration services; a… Read more
StarHub Ltd (RYTB) - Net Assets
Latest net assets as of June 2025: €738.70 Million EUR
Based on the latest financial reports, StarHub Ltd (RYTB) has net assets worth €738.70 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€3.24 Billion) and total liabilities (€2.50 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €738.70 Million |
| % of Total Assets | 22.81% |
| Annual Growth Rate | 19.25% |
| 5-Year Change | 22.44% |
| 10-Year Change | 308.9% |
| Growth Volatility | 26.68 |
StarHub Ltd - Net Assets Trend (2013–2024)
This chart illustrates how StarHub Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for StarHub Ltd (2013–2024)
The table below shows the annual net assets of StarHub Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €767.10 Million | +8.75% |
| 2023-12-31 | €705.40 Million | +3.16% |
| 2022-12-31 | €683.80 Million | -1.78% |
| 2021-12-31 | €696.20 Million | +11.13% |
| 2020-12-31 | €626.50 Million | +8.00% |
| 2019-12-31 | €580.10 Million | -1.34% |
| 2018-12-31 | €588.00 Million | +70.48% |
| 2017-12-31 | €344.90 Million | +76.96% |
| 2016-12-31 | €194.90 Million | +3.89% |
| 2015-12-31 | €187.60 Million | +25.91% |
| 2014-12-31 | €149.00 Million | +34.72% |
| 2013-12-31 | €110.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to StarHub Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 312.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €431.60 Million | 71.01% |
| Other Components | €176.20 Million | 28.99% |
| Total Equity | €607.80 Million | 100.00% |
StarHub Ltd Competitors by Market Cap
The table below lists competitors of StarHub Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
São Martinho S.A
SA:SMTO3
|
$389.11 Million |
|
Prudent Corporate Advisory Services Limited
NSE:PRUDENT
|
$389.11 Million |
|
EVN Finance JSC
VN:EVF
|
$389.14 Million |
|
Glenmark Life Sciences Limited
NSE:GLS
|
$389.27 Million |
|
Welspun Living Limited
NSE:WELSPUNLIV
|
$388.93 Million |
|
Shenzhen Comix Group Co Ltd
SHE:002301
|
$388.88 Million |
|
Ic Enterra Yenilenebilir Enerji As
IS:ENTRA
|
$388.72 Million |
|
Phenix Optical Co Ltd
SHG:600071
|
$388.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in StarHub Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 568,800,000 to 607,800,000, a change of 39,000,000 (6.9%).
- Net income of 160,600,000 contributed positively to equity growth.
- Dividend payments of 123,800,000 reduced retained earnings.
- Share repurchases of 400,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €160.60 Million | +26.42% |
| Dividends Paid | €123.80 Million | -20.37% |
| Share Repurchases | €400.00K | -0.07% |
| Other Changes | €2.60 Million | +0.43% |
| Total Change | €- | 6.86% |
Book Value vs Market Value Analysis
This analysis compares StarHub Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.89x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.40x to 1.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €0.20 | €0.67 | x |
| 2018-12-31 | €0.31 | €0.67 | x |
| 2019-12-31 | €0.30 | €0.67 | x |
| 2020-12-31 | €0.31 | €0.67 | x |
| 2021-12-31 | €0.34 | €0.67 | x |
| 2022-12-31 | €0.31 | €0.67 | x |
| 2023-12-31 | €0.33 | €0.67 | x |
| 2024-12-31 | €0.35 | €0.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently StarHub Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.78%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 5.13x
- Recent ROE (26.42%) is below the historical average (102.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 343.13% | 16.02% | 1.26x | 17.02x | €368.44 Million |
| 2014 | 248.66% | 15.52% | 1.20x | 13.34x | €355.60 Million |
| 2015 | 198.45% | 15.23% | 1.28x | 10.18x | €353.54 Million |
| 2016 | 175.17% | 14.24% | 1.09x | 11.27x | €321.91 Million |
| 2017 | 73.13% | 10.37% | 1.02x | 6.91x | €214.95 Million |
| 2018 | 38.19% | 8.54% | 0.90x | 4.99x | €148.89 Million |
| 2019 | 35.96% | 7.99% | 0.85x | 5.28x | €134.49 Million |
| 2020 | 29.33% | 7.78% | 0.69x | 5.45x | €104.07 Million |
| 2021 | 25.33% | 7.31% | 0.63x | 5.50x | €90.35 Million |
| 2022 | 11.73% | 2.67% | 0.74x | 5.91x | €9.16 Million |
| 2023 | 26.30% | 6.30% | 0.78x | 5.34x | €92.72 Million |
| 2024 | 26.42% | 6.78% | 0.76x | 5.13x | €99.82 Million |
Industry Comparison
This section compares StarHub Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $6,629,200,192
- Average return on equity (ROE) among peers: -29.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| StarHub Ltd (RYTB) | €738.70 Million | 343.13% | 3.39x | $388.98 Million |
| Tower One Wireless Corp (1P3N) | $2.41 Million | -396.85% | 1.20x | $1.64 Million |
| 1&1 AG (1U1) | $233.67 Million | 0.00% | 0.65x | $515.31 Million |
| Bahnhof AB (publ) (3B7) | $468.65 Million | 32.08% | 1.27x | $113.53 Million |
| Liberty Global Ltd. (3O41) | $25.60 Billion | 52.45% | 0.83x | $2.82 Billion |
| Hutchison Telecommunications Hong Kong Holdings Limited (4C6) | $11.96 Billion | 3.59% | 0.21x | $224.90 Million |
| 53N (53N) | $784.29 Million | 10.78% | 3.30x | $937.43 Million |
| BLUE LABEL (5TP) | $5.11 Billion | 12.66% | 1.96x | $374.98 Million |
| Pentanet Limited (83K) | $31.16 Million | -24.29% | 0.54x | $3.44 Million |
| APT Satellite Holdings Limited (AY8) | $5.30 Billion | 9.52% | 0.38x | $137.02 Million |
| TELUS (BCZ) | $16.80 Billion | 5.91% | 2.45x | $17.77 Billion |