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HT1

HT&E CHIA:HT1 Stock Report

Last Price

AU$1.62

Market Cap

AU$504.0m

7D

3.9%

1Y

-9.5%

Updated

19 May, 2022

Data

Company Financials +
HT1 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance1/6
Financial Health5/6
Dividends2/6

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

Price History & Performance

Summary of all time highs, changes and price drops for HT&E
Historical stock prices
Current Share PriceAU$1.62
52 Week HighAU$2.17
52 Week LowAU$1.47
Beta0.93
1 Month Change-7.98%
3 Month Change-16.54%
1 Year Change-9.52%
3 Year Change-16.97%
5 Year Change-31.86%
Change since IPO-65.31%

Recent News & Updates

Shareholder Returns

HT1AU MediaAU Market
7D3.9%3.4%3.5%
1Y-9.5%-3.2%2.1%

Return vs Industry: HT1 underperformed the Australian Media industry which returned -3.2% over the past year.

Return vs Market: HT1 underperformed the Australian Market which returned 2.1% over the past year.

Price Volatility

Is HT1's price volatile compared to industry and market?
HT1 volatility
HT1 Average Weekly Movement6.8%
Media Industry Average Movement6.5%
Market Average Movement9.5%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.3%

Stable Share Price: HT1 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: HT1's weekly volatility (7%) 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 Investments. It owns and operates Australian Radio Network under the KIIS, Pure Gold, 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$503.97m
Earnings (TTM)AU$14.83m
Revenue (TTM)AU$225.04m

34.0x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HT1 income statement (TTM)
RevenueAU$225.04m
Cost of RevenueAU$174.96m
Gross ProfitAU$50.08m
Other ExpensesAU$35.25m
EarningsAU$14.83m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.048
Gross Margin22.25%
Net Profit Margin6.59%
Debt/Equity Ratio13.6%

How did HT1 perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

138%

Payout Ratio

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


36.8%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: HT1 (A$1.62) is trading below our estimate of fair value (A$2.56)

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


Price To Earnings Ratio

PE vs Industry: HT1 is poor value based on its PE Ratio (34x) compared to the Australian Media industry average (24.7x).

PE vs Market: HT1 is poor value based on its PE Ratio (34x) compared to the Australian market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: HT1 is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: HT1 is good value based on its PB Ratio (1.1x) compared to the AU Media industry average (1.4x).


Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HT1's forecast earnings growth (33.9% per year) is above the savings rate (1.8%).

Earnings vs Market: HT1's earnings (33.9% per year) are forecast to grow faster than the Australian market (6.2% per year).

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

Revenue vs Market: HT1's revenue (14.5% per year) is forecast to grow faster than the Australian market (4.7% per year).

High Growth Revenue: HT1's revenue (14.5% 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 (10.8%).


Past Performance

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

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-66.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HT1 has a large one-off gain of A$18.0M impacting its December 31 2021 financial results.

Growing Profit Margin: HT1 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: HT1's earnings have declined by 66.1% 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 (30.9%).


Return on Equity

High ROE: HT1's Return on Equity (3.8%) is considered low.


Financial Health

How is HT&E's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HT1's short term assets (A$310.3M) exceed its short term liabilities (A$83.6M).

Long Term Liabilities: HT1's short term assets (A$310.3M) exceed its long term liabilities (A$204.6M).


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 21.2% to 13.6% over the past 5 years.

Debt Coverage: HT1's debt is well covered by operating cash flow (57.5%).

Interest Coverage: HT1's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.81%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HT1's dividend (4.81%) is higher than the bottom 25% of dividend payers in the Australian market (2.55%).

High Dividend: HT1's dividend (4.81%) is low compared to the top 25% of dividend payers in the Australian market (5.98%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (138%), HT1's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (68.7%), HT1's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

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

2.8yrs

Average management tenure


CEO

Ciaran Davis

6.75yrs

Tenure

AU$2,465,428

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 ($USD1.72M) is above average for companies of similar size in the Australian market ($USD811.54K).

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 (2.8 years average tenure).


Board Members

Experienced Board: HT1's board of directors are considered experienced (3.5 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 been diluted in the past year, with total shares outstanding growing by 12.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: HT&E Limited
  • Ticker: HT1
  • Exchange: CHIA
  • Founded: 1988
  • Industry: Broadcasting
  • Sector: Media
  • Implied Market Cap: AU$503.965m
  • Shares outstanding: 311.09m
  • 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 Analysis2022/05/19 00:00
End of Day Share Price2022/05/19 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.