StarHub Ltd

StarHub maintains a capital structure characterized by significant leverage, with a debt-to-equity ratio of 3.57 and long-term debt totaling SGD 1.79 billion against total equity of SGD 500.8 million. Despite this leverage, the company holds a current ratio of 1.44, indicating adequate short-term liquidity to cover immediate obligations. The balance sheet shows total assets of SGD 3.60 billion and total liabilities of SGD 3.10 billion. Cash and equivalents stand at SGD 692 million, which is insufficient to fully offset the long-term debt, resulting in a net cash position that is negative after subtracting total debt.

Profitability metrics reveal a return on equity of 17.25%, suggesting efficient use of shareholder capital despite the high debt load. However, the return on assets is lower at 2.4%, reflecting the asset-heavy nature of the telecommunications infrastructure. The company generated SGD 2.35 billion in revenue, with a gross profit of SGD 1.12 billion, leading to an operating income of SGD 157.4 million and a net income of SGD 86.4 million. The operating margin is approximately 6.7%, while the net margin stands at roughly 3.7%.

The company’s revenue is derived from its core wireless telecommunications activities, as indicated by its industry classification. There is no specific segment or geographic breakdown provided in the available data to assess concentration risk beyond the primary industry focus. The business model relies on the scale of its subscriber base and the efficiency of its network operations to maintain margins.

Growth trajectory analysis is limited by the absence of historical period data in the current input. The latest financial snapshot shows a revenue base of SGD 2.35 billion. Without prior period comparisons, year-over-year growth rates cannot be calculated. The capital expenditure of SGD 378.5 million resulted in a negative free cash flow of SGD 147.4 million, indicating that the company is reinvesting heavily in its infrastructure, which is typical for telecommunications firms maintaining network competitiveness.

Risk assessment highlights medium liquidity risk and low dilution risk. The key flag notes that net cash is negative after subtracting total debt, which underscores the reliance on debt financing. The high debt-to-equity ratio of 3.57 presents a financial risk if interest rates rise or if cash flows deteriorate. However, the stable operating cash flow of SGD 354.5 million provides a buffer for debt servicing.

Recent observations from investor relations data show a mean analyst price target of SGD 0.96, with a median of SGD 0.95. The price target range spans from SGD 0.87 to SGD 1.14. The mean recommendation is 3.44, indicating a neutral to slightly negative sentiment, with six hold ratings and no strong buy or buy ratings. This suggests that analysts view the company as fairly valued with limited near-term upside potential.

StarHub Ltd. (STAR.SI) is currently undergoing its first analysis, meaning there is no prior basis for computing material changes or deltas in its financial profile. Consequently, no specific shifts in performance, strategy, or market position can be identified from recent data streams. The company’s current structural footprint includes one officer and seven analysts covering the stock. However, StarHub Ltd. holds no membership in major indices and has no recorded top holders in the available data. Market activity surrounding the ticker has been notably quiet. Dispatch counts for the period from May 27, 2026, through June 16, 2026, show zero daily dispatches with no associated sentiment data, indicating a lack of recent news flow or analyst commentary during this window. Given the absence of material changes, watcher signals, or cross-source activity, the significance of any recent developments cannot be assessed. Investors should note that the current data set provides a baseline snapshot rather than a trend analysis, with further context potentially available through financial, estimates, and ESG reports [doc:star.si-ha-financials] [doc:star.si-ha-estimates] [doc:star.si-ha-esg].

Revenue SGD 2.35B, −0,6% YoY; Operating income −29,8% YoY.

• ▍Revenue SGD 2.35B, −0,6% YoY
• ▍Operating income −29,8% YoY
• ▍Net income −46,2% YoY
• ▍Free cash flow −281,5% YoY
• ▍Net margin 3.7%

Revenue SGD 2.37B, −0,2% YoY; Operating income +6,9% YoY.

• ▍Revenue SGD 2.37B, −0,2% YoY
• ▍Operating income +6,9% YoY
• ▍Net income +7,3% YoY
• ▍Free cash flow −36,5% YoY
• ▍Net margin 6.8%

Revenue SGD 2.37B, +2,0% YoY; Operating income +121,8% YoY.

• ▍Revenue SGD 2.37B, +2,0% YoY
• ▍Operating income +121,8% YoY
• ▍Net income +140,5% YoY
• ▍Free cash flow +99,7% YoY
• ▍Net margin 6.3%

Revenue SGD 2.33B, +13,9% YoY; Operating income −59,2% YoY.

• ▍Revenue SGD 2.33B, +13,9% YoY
• ▍Operating income −59,2% YoY
• ▍Net income −58,3% YoY
• ▍Free cash flow −62,4% YoY
• ▍Net margin 2.7%

Revenue SGD 2.04B; Operating income SGD 231.8M.

• ▍Revenue SGD 2.04B
• ▍Operating income SGD 231.8M
• ▍Net margin 7.3%