SEHK:707

Stock Analysis Report

Asia Television Holdings

Executive Summary

Asia Television Holdings Limited, an investment holding company, engages in processing, printing, and selling finished fabrics in the People’s Republic of China and Malaysia.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Share Price & News

How has Asia Television Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 707's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

10.2%

707

0.2%

HK Luxury

-0.02%

HK Market


1 Year Return

-81.7%

707

20.9%

HK Luxury

0.6%

HK Market

Return vs Industry: 707 underperformed the Hong Kong Luxury industry which returned 20.9% over the past year.

Return vs Market: 707 underperformed the Hong Kong Market which returned 0.6% over the past year.


Shareholder returns

707IndustryMarket
7 Day10.2%0.2%-0.02%
30 Day10.2%2.5%1.4%
90 Day8.0%8.3%3.8%
1 Year-81.7%-81.7%25.1%20.9%4.2%0.6%
3 Year-74.4%-74.4%50.3%32.4%20.4%8.3%
5 Year-72.0%-72.0%43.7%15.8%18.9%-0.9%

Price Volatility Vs. Market

How volatile is Asia Television Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Asia Television Holdings undervalued compared to its fair value and its price relative to the market?

0.88x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 707's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 707's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 707 is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: 707 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 707's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 707 is overvalued based on its PB Ratio (0.9x) compared to the HK Luxury industry average (0.9x).


Next Steps

Future Growth

How is Asia Television Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.8%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Asia Television Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Asia Television Holdings performed over the past 5 years?

-73.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 707 has large one-off items impacting its financial results.

Growing Profit Margin: 707 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 707 is unprofitable, and losses have increased over the past 5 years at a rate of -73.4% per year.

Accelerating Growth: Unable to compare 707's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 707 is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-2.8%).


Return on Equity

High ROE: 707 has a negative Return on Equity (-189.01%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Asia Television Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 707's short term assets (CN¥531.7M) do not cover its short term liabilities (CN¥834.2M)

Long Term Liabilities: 707's short term assets (CN¥531.7M) exceeds its long term liabilities (76.3M)


Debt to Equity History and Analysis

Debt Level: 707's debt to equity ratio (153%) is considered high.

Reducing Debt: 707's debt to equity ratio has increased from 140.3% to 153% over the past 5 years.


Balance Sheet

Inventory Level: 707 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 707's debt is not covered by short term assets (assets are 0.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 707 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: 707 has less than a year of cash runway if free cash flow continues to grow at historical rates of 56.6% each year.


Next Steps

Dividend

What is Asia Television Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%2.3%markettop25%6.3%industryaverage2.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate 707's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 707's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 707's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 707's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 707 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 707's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

What is the CEO of Asia Television Holdings's salary, the management and board of directors tenure and is there insider trading?

1.0yrs

Average management tenure


CEO

Jiasi Wang (61yo)

1yrs

Tenure

0

Mr. Jiasi Wang is Director and Chief Executive Officer at Asia Television Holdings Ltd since November 27, 2018 and he is the dean of the School of Journalism and Communication and a distinct professor of A ...


Management Age and Tenure

1.0yrs

Average Tenure

47yo

Average Age

Experienced Management: 707's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Age and Tenure

1.2yrs

Average Tenure

42yo

Average Age

Experienced Board: 707's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

SellCN¥6,659,74510 Jul 19
Full House Asset Management Company Limited
EntityCompany
Shares108,644,000
Max PriceCN¥0.061
SellCN¥587,84601 Apr 19
Full House Asset Management Company Limited
EntityCompany
Shares2,666,000
Max PriceCN¥0.22

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.5%.


Management Team

  • Siu Hung Sze (54yo)

    Managing Director

    • Tenure: 0yrs
  • Siu Bun Sze (51yo)

    Executive Director

    • Tenure: 4.9yrs
    • Compensation: CN¥521.00k
  • Kwok Fat Li (43yo)

    Chief Financial Officer

    • Tenure: 3.5yrs
  • Wai Kit Chan (36yo)

    Executive Director

    • Tenure: 1yrs
    • Compensation: CN¥584.59k
  • Junjie Deng (47yo)

    Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: CN¥1.10m
  • Jiasi Wang (61yo)

    CEO & Director

    • Tenure: 1yrs
  • Vincent Law

    Company Secretary

    • Tenure: 0.9yrs
  • Tingting Sun (29yo)

    Executive Director

    • Tenure: 0.4yrs

Board Members

  • Siu Bun Sze (51yo)

    Executive Director

    • Tenure: 4.9yrs
    • Compensation: CN¥521.00k
  • Ada Wong (37yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
  • Wai Kit Chan (36yo)

    Executive Director

    • Tenure: 1yrs
    • Compensation: CN¥584.59k
  • Yu Li (46yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: CN¥110.00k
  • Xingxing Han (38yo)

    Independent Non-Executive Director

    • Tenure: 4.2yrs
    • Compensation: CN¥110.00k
  • Junjie Deng (47yo)

    Chairman of the Board

    • Tenure: 1.4yrs
    • Compensation: CN¥1.10m
  • Jiasi Wang (61yo)

    CEO & Director

    • Tenure: 1yrs
  • Tingting Sun (29yo)

    Executive Director

    • Tenure: 0.4yrs

Company Information

Asia Television Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asia Television Holdings Limited
  • Ticker: 707
  • Exchange: SEHK
  • Founded: 2003
  • Industry: Textiles
  • Sector: Consumer Durables
  • Market Cap: HK$363.858m
  • Shares outstanding: 7.43b
  • Website: https://www.atvgroup.com.hk

Number of Employees


Location

  • Asia Television Holdings Limited
  • 33 Dai Shing Street
  • Tai Po Industrial Estate
  • Tai Po
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
707SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDMar 2006

Biography

Asia Television Holdings Limited, an investment holding company, engages in processing, printing, and selling finished fabrics in the People’s Republic of China and Malaysia. It is also involved in the tra ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 12:39
End of Day Share Price2019/11/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.