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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Starcomms PLC
Main Activities: Telecommunications - Wireless Telecommunications Carriers (except Satellite)
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Company Information |
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Full name Starcomms PLC Headquarters 52 Adetokunbo Ademola Street Victroia Island Lagos ; Lagos; Lagos |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational ISIN CODE : NGSTACO00002 ISIN CODE : NGSTARCOMMS4 Financial Auditors: KPMG (2009) Total Employees: 827 Tel: +234-1-804-1234 |
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Company Description |
| Starcomms plc is a Nigeria’s leading telecommunications operator and leading "triple-play" (mobile, fixed wireless voice, wireless broadband) provider, is quoted on the Nigerian Stock Exchange having being listed on July 14, 2008. It is the first telecommunications operator in Nigeria to be listed on the domestic Exchange. Starcomms commenced operations in 1989 with a customer base of less than 2,000, at the end of Dec 2009, the network had crossed over 3 million subscribers; making it the 4th | ||
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Company Analysis |
| According to the Consolidated - Audited financial statement for the Year of 2010, total net operating revenues decreased with -15.37%, from NGN 34,304,472 thousands to NGN 29,031,336 thousands. Operating result decreased from NGN -666,955 thousands to NGN -2,553,801 thousands which means -282.90% change. The results of the period increased 1.63% reaching NGN -7,660,137 thousands at the end of the period against NGN -7,787,180 thousands last year. Return on equity (Net income/Total equity) went from -24.92% to -32.47%, the Return On Asset (Net income / Total Asset) went from -10.58% to -12.61% and the Net Profit Margin (Net Income/Net Sales) went from -22.70% to -26.39% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 157.46% compared to 135.48% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.66 to 0.43 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Y (cons) |
2010 Y (cons) |
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| Non-Audited | Audited | |
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| WVB Company Financials | WVB Company Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
0 |
60,732,740 |
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Current Assets |
0 |
13,154,944 |
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Total Liabilities |
0 |
37,143,796 |
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Shareholders Equity |
0 |
23,588,944 |
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Current Liabilities |
0 |
30,797,792 |
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| * All the accounts are in NGN. | ||
Income Statement
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Total Operating Revenue |
20,162,548 |
29,031,336 |
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Operational Profit (Loss) |
-11,785,612 |
-2,553,801 |
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Net Profit (Loss) |
-17,564,416 |
-7,660,137 |
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| * All the accounts are in NGN. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0% |
-12.61% |
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Annualised Return on Assets (ROA) |
0% |
-12.61% |
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Return on Equity (ROE) |
0% |
-32.47% |
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Annualised Return on Equity (ROE) |
0% |
-32.47% |
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Return on Sales (ROS) |
-87.11% |
-26.39% |
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Return on Capital |
0% |
-25.74% |
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Gross Profit Margin |
66.21% |
96.91% |
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Operating Profit Margin |
-7.32% |
11.62% |
| Efficiency Ratios | ||
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Inventory Turnover |
-x |
0.79x |
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Current asset turnover |
-x |
2.21x |
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Fixed-asset turnover |
-x |
0.61x |
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Asset Turnover |
-x |
0.48x |
| Valuation figures and ratios | ||
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Earning Before Interests and Taxes (EBIT) |
-9,838,844 |
-6,227,315 |
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EBITDA |
-1,475,038 |
3,374,647 |
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Enterprise value |
3,439,239 |
26,266,137 |
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Enterprise Value / EBITDA |
-2.33 |
7.78 |
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Bookvalue (BV) |
0 |
36,432,714 |
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Net Cash |
0 |
-22,858,895 |
| Liquidity Ratios | ||
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Current Ratio |
0% |
42.71% |
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Quick ratio |
0% |
39.03% |
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Doom's day ratio |
0% |
25.78% |
| Leverage Ratios | ||
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Leverage ratio |
0% |
257.46% |
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Interest Coverage Ratio |
-721% |
-233.31% |
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Debt to equity |
0% |
157.46% |
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Debt to total assets |
0% |
61.16% |
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Long Term Debt to Capital |
0% |
64.85% |
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Debt / Enterprise Value |
0% |
92.51% |
| Market ratios | ||
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Market Capitalization/EBITDA |
-2.33 |
2.94 |
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Price/Book Ratio |
- |
0.26 |
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Market Cap / Net cash |
- |
-0.43 |
| Trend Ratios | ||
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Revenue Trend |
69.45% |
84.63% |
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Net Income Trend |
229.3% |
98.37% |
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Operating Income Trend |
157.99% |
933.69% |
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