company background image
HT1

HT&EASX:HT1 Stock Report

Last Price

AU$2.00

Market Cap

AU$550.3m

7D

-3.4%

1Y

13.6%

Updated

22 Jan, 2022

Data

Company Financials +
HT1 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends3/6

HT1 Stock Overview

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

HT&E Competitors

Nine Entertainment Holdings

ASX:NEC

AU$4.5b

Seven West Media

ASX:SWM

AU$985.9m

Southern Cross Media Group

ASX:SXL

AU$488.8m

PRT

ASX:PRT

AU$164.8m

Price History & Performance

Summary of all time highs, changes and price drops for HT&E
Historical stock prices
Current Share PriceAU$2.00
52 Week HighAU$2.20
52 Week LowAU$1.46
Beta0.84
1 Month Change1.52%
3 Month Change31.58%
1 Year Change13.64%
3 Year Change24.61%
5 Year Change-24.24%
Change since IPO-80.95%

Recent News & Updates

Aug 25
HT&E's (ASX:HT1) Solid Earnings May Rest On Weak Foundations

HT&E's (ASX:HT1) Solid Earnings May Rest On Weak Foundations

The recent earnings posted by HT&E Limited ( ASX:HT1 ) were solid, but the stock didn't move as much as we expected. We...

Jun 03
We Think HT&E (ASX:HT1) Can Stay On Top Of Its Debt

We Think HT&E (ASX:HT1) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

HT1AU MediaAU Market
7D-3.4%-2.0%-2.8%
1Y13.6%11.5%5.8%

Return vs Industry: HT1 exceeded the Australian Media industry which returned 11.5% over the past year.

Return vs Market: HT1 exceeded the Australian Market which returned 5.8% over the past year.

Price Volatility

Is HT1's price volatile compared to industry and market?
HT1 volatility
HT1 Average Weekly Movement10.9%
Media Industry Average Movement10.3%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.4%
10% least volatile stocks in AU Market3.7%

Stable Share Price: HT1 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: HT1's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1988n/aCiaran Davishttps://www.htande.com.au

HT&E Limited, together with its subsidiaries, operates as a media and entertainment company in Australia and Hong Kong. The company operates through three segments: Australian Radio Network, HK Outdoor, and Digital Investments. It owns and operates Australian Radio Network under The KIIS Network, The Pure Gold Network, iHeartRadio, and The Edge brands.

HT&E Fundamentals Summary

How do HT&E's earnings and revenue compare to its market cap?
HT1 fundamental statistics
Market CapAU$550.31m
Earnings (TTM)AU$26.92m
Revenue (TTM)AU$214.13m

20.4x

P/E Ratio

2.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HT1 income statement (TTM)
RevenueAU$214.13m
Cost of RevenueAU$152.57m
Gross ProfitAU$61.56m
ExpensesAU$34.64m
EarningsAU$26.92m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.098
Gross Margin28.75%
Net Profit Margin12.57%
Debt/Equity Ratio0.9%

How did HT1 perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

36%

Payout Ratio

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$2) is trading below our estimate of fair value (A$4.16)

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


Price To Earnings Ratio

PE vs Industry: HT1's PE Ratio (20.4x) is in line with the Australian Media industry average.

PE vs Market: HT1 is poor value based on its PE Ratio (20.4x) compared to the Australian market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: HT1 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: HT1 is good value based on its PB Ratio (1.2x) compared to the AU Media industry average (2.4x).


Future Growth

How is HT&E forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

37.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HT1's forecast earnings growth (37.8% per year) is above the savings rate (1.9%).

Earnings vs Market: HT1's earnings (37.8% per year) are forecast to grow faster than the Australian market (11.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HT1's revenue (15.9% per year) is forecast to grow faster than the Australian market (4.8% per year).

High Growth Revenue: HT1's revenue (15.9% 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 (9.6%).


Past Performance

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

-62.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HT1 has high quality earnings.

Growing Profit Margin: HT1 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HT1's earnings have declined by 62.6% per year over the past 5 years.

Accelerating Growth: HT1 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: HT1 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (35.2%).


Return on Equity

High ROE: HT1's Return on Equity (6.1%) is considered low.


Financial Health

How is HT&E's financial position?


Financial Position Analysis

Short Term Liabilities: HT1's short term assets (A$204.2M) exceed its short term liabilities (A$54.2M).

Long Term Liabilities: HT1's short term assets (A$204.2M) exceed its long term liabilities (A$152.6M).


Debt to Equity History and Analysis

Debt Level: HT1 has more cash than its total debt.

Reducing Debt: HT1's debt to equity ratio has reduced from 59.1% to 0.9% over the past 5 years.

Debt Coverage: HT1's debt is well covered by operating cash flow (1239.9%).

Interest Coverage: HT1's interest payments on its debt are well covered by EBIT (11x coverage).


Balance Sheet


Dividend

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

3.50%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: HT1's dividend (3.5%) is higher than the bottom 25% of dividend payers in the Australian market (2.25%).

High Dividend: HT1's dividend (3.5%) is low compared to the top 25% of dividend payers in the Australian market (5.52%).


Stability and Growth of Payments

Stable Dividend: HT1's dividend payments have been volatile in the past 10 years.

Growing Dividend: HT1's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.2%), HT1's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: HT1's dividends in 3 years are forecast to be covered by earnings (61.2% payout ratio).


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Ciaran Davis

6.42yrs

Tenure

AU$1,197,108

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 ($USD862.53K) is about average for companies of similar size in the Australian market ($USD751.45K).

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


Leadership Team

Experienced Management: HT1's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: HT1's board of directors are considered experienced (3.3 years average tenure).


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 employee growth, exchange listings and data sources


Key Information

  • Name: HT&E Limited
  • Ticker: HT1
  • Exchange: ASX
  • Founded: 1988
  • Industry: Broadcasting
  • Sector: Media
  • Implied Market Cap: AU$550.310m
  • Shares outstanding: 275.15m
  • Website: https://www.htande.com.au

Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/22 07:02
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.