ASX:HT1

Stock Analysis Report

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Executive Summary

HT&E Limited, together with its subsidiaries, operates as a media and entertainment company in Australia and Hong Kong. More Details


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has HT&E's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: HT1's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.0%

HT1

6.6%

AU Media

0.3%

AU Market


1 Year Return

-7.6%

HT1

-25.3%

AU Media

-5.4%

AU Market

Return vs Industry: HT1 exceeded the Australian Media industry which returned -25.3% over the past year.

Return vs Market: HT1 underperformed the Australian Market which returned -5.4% over the past year.


Shareholder returns

HT1IndustryMarket
7 Day-1.0%6.6%0.3%
30 Day5.6%26.1%6.3%
90 Day28.4%43.1%3.7%
1 Year-4.6%-7.6%-14.4%-25.3%-2.1%-5.4%
3 Year27.5%-13.7%-23.0%-41.3%18.3%3.3%
5 Year-28.0%-58.0%3.7%-30.3%43.1%14.0%

Price Volatility Vs. Market

How volatile is HT&E's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is HT&E undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HT1 (A$1.52) is trading below our estimate of fair value (A$7.29)

Significantly Below Fair Value: HT1 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: HT1 is unprofitable, so we can't compare its PE Ratio to the AU Media industry average.

PE vs Market: HT1 is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HT1's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HT1 is good value based on its PB Ratio (1x) compared to the AU Media industry average (1.2x).


Next Steps

Future Growth

How is HT&E forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

94.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HT1 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: HT1 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HT1's is expected to become profitable in the next 3 years.

Revenue vs Market: HT1's revenue (4.6% per year) is forecast to grow faster than the Australian market (4.6% per year).

High Growth Revenue: HT1's revenue (4.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HT1's Return on Equity is forecast to be low in 3 years time (4.9%).


Next Steps

Past Performance

How has HT&E performed over the past 5 years?

-20.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HT1 is currently unprofitable.

Growing Profit Margin: HT1 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HT1 is unprofitable, and losses have increased over the past 5 years at a rate of 20.5% per year.

Accelerating Growth: Unable to compare HT1's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HT1 is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-9.6%).


Return on Equity

High ROE: HT1 has a negative Return on Equity (-17.95%), as it is currently unprofitable.


Next Steps

Financial Health

How is HT&E's financial position?


Financial Position Analysis

Short Term Liabilities: HT1's short term assets (A$145.2M) exceed its short term liabilities (A$51.3M).

Long Term Liabilities: HT1's short term assets (A$145.2M) do not cover its long term liabilities (A$155.7M).


Debt to Equity History and Analysis

Debt Level: HT1's debt to equity ratio (0.1%) is considered satisfactory.

Reducing Debt: HT1's debt to equity ratio has reduced from 103% to 0.1% over the past 5 years.

Debt Coverage: HT1's debt is well covered by operating cash flow (9900.2%).

Interest Coverage: HT1 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is HT&E current dividend yield, its reliability and sustainability?

2.91%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate HT1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate HT1's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if HT1's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HT1's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: HT1 is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HT1's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.2yrs

Average management tenure


CEO

Ciaran Davis

5.17yrs

Tenure

AU$1,717,443

Compensation

Mr. Ciaran Davis has been the Chief Executive Officer HT&E Limited (formerly known as APN News & Media Limited) since August 20, 2015. Mr. Davis has been Managing Director and Executive Director of HT&E Li ...


CEO Compensation Analysis

Compensation vs Market: Ciaran's total compensation ($USD1.22M) is above average for companies of similar size in the Australian market ($USD708.22K).

Compensation vs Earnings: Ciaran's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ciaran Davis
CEO, MD & Executive Director5.17yrsAU$1.72m0.19%
A$ 801.8k
Andrew Nye
Chief Financial Officer1.17yrsAU$178.64k0.018%
A$ 77.2k
Jeremy Child
Company Secretary & Group Taxation Manager1.17yrsno datano data

1.2yrs

Average Tenure

Experienced Management: HT1's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Ciaran Davis
CEO, MD & Executive Director5.17yrsAU$1.72m0.19%
A$ 801.8k
Hamish McLennan
Non-Executive Chairman2yrsAU$284.70k0.026%
A$ 111.7k
Roger Amos
Independent Non-Executive Director1.92yrsAU$135.04k0.0058%
A$ 24.9k
Paul Connolly
Non-Executive Director8yrsAU$119.15k0.024%
A$ 100.9k
Belinda Rowe
Non-Executive Director1.67yrsAU$83.16kno data

2.0yrs

Average Tenure

60yo

Average Age

Experienced Board: HT1's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

HT&E Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: HT&E Limited
  • Ticker: HT1
  • Exchange: ASX
  • Founded: 1988
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: AU$427.885m
  • Shares outstanding: 279.66m
  • Website: https://www.htande.com.au

Location

  • HT&E Limited
  • 3 Byfield Street
  • Macquarie Park
  • Sydney
  • New South Wales
  • 2113
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HT1ASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 1992
PNHDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 1992
HT1CHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 1992

Biography

HT&E Limited, together with its subsidiaries, operates as a media and entertainment company in Australia and Hong Kong. It owns and operates Australian Radio Network under the brands of the KIIS Network, P ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 10:36
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.