company background image
102

Summit Ascent HoldingsSEHK:102 Stock Report

Market Cap

HK$2.4b

7D

-3.6%

1Y

-37.6%

Updated

17 Oct, 2021

Data

Company Financials +
102 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance3/6
Financial Health4/6
Dividends0/6

102 Overview

Summit Ascent Holdings Limited, an investment holding company, engages in the operation of hotel and gaming business in the Integrated Entertainment Zone of the Primorye Region in Russia.

Rewards

Earnings are forecast to grow 93.28% per year

Became profitable this year

Risk Analysis

102 passed our risk checks.

Price History & Performance

Summary of all time highs, changes and price drops for Summit Ascent Holdings
Historical stock prices
Current Share PriceHK$0.53
52 Week HighHK$0.43
52 Week LowHK$1.24
Beta0.028
1 Month Change8.16%
3 Month Change-20.90%
1 Year Change-37.65%
3 Year Change-45.36%
5 Year Change-79.30%
Change since IPO65.63%

Recent News & Updates

Apr 29
Summit Ascent Holdings' (HKG:102) Anemic Earnings Might Be Worse Than You Think

Summit Ascent Holdings' (HKG:102) Anemic Earnings Might Be Worse Than You Think

A lackluster earnings announcement from Summit Ascent Holdings Limited ( HKG:102 ) last week didn't sink the stock...

Apr 08
Is Summit Ascent Holdings (HKG:102) Weighed On By Its Debt Load?

Is Summit Ascent Holdings (HKG:102) Weighed On By Its Debt Load?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

102HK HospitalityHK Market
7D-3.6%1.5%1.1%
1Y-37.6%-25.9%5.3%

Return vs Industry: 102 underperformed the Hong Kong Hospitality industry which returned -25.9% over the past year.

Return vs Market: 102 underperformed the Hong Kong Market which returned 5.3% over the past year.

Price Volatility

Is 102's price volatile compared to industry and market?
102 volatility
102 Beta0.028
Industry Beta1.09
Market Beta1

Stable Share Price: 102 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 102's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19931,039David Chuahttps://www.saholdings.com.hk

Summit Ascent Holdings Limited, an investment holding company, engages in the operation of hotel and gaming business in the Integrated Entertainment Zone of the Primorye Region in Russia. The company operates Tigre de Cristal, a resort with approximately 36,000 square meters of gaming and hotel space; a 5-star hotel with 121 rooms and suites; 2 fine dining restaurants and 3 casual bars; karaoke rooms; a virtual golf zone; a convenience store; a branded shop under the Tigre de Cristal name; a Montblanc outlet; a diamond and luxury watch boutique under the DOMINO name; and Suncity VIP salon. It also provides administrative and bus services.

Summit Ascent Holdings Fundamentals Summary

How do Summit Ascent Holdings's earnings and revenue compare to its market cap?
102 fundamental statistics
Market CapHK$2.39b
Earnings (TTM)HK$56.86m
Revenue (TTM)HK$245.04m

42.1x

P/E Ratio

9.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
102 income statement (TTM)
RevenueHK$245.04m
Cost of RevenueHK$142.28m
Gross ProfitHK$102.77m
ExpensesHK$45.90m
EarningsHK$56.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.013
Gross Margin41.94%
Net Profit Margin23.21%
Debt/Equity Ratio4.3%

How did 102 perform over the long term?

See historical performance and comparison

Valuation

Is Summit Ascent Holdings undervalued compared to its fair value and its price relative to the market?

42.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 102's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 102's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 102 is poor value based on its PE Ratio (42.1x) compared to the Hong Kong Hospitality industry average (19.9x).

PE vs Market: 102 is poor value based on its PE Ratio (42.1x) compared to the Hong Kong market (9.7x).


Price to Earnings Growth Ratio

PEG Ratio: 102 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 102 is good value based on its PB Ratio (0.7x) compared to the HK Hospitality industry average (1.1x).


Future Growth

How is Summit Ascent Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

93.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 102's forecast earnings growth (93.3% per year) is above the savings rate (1.5%).

Earnings vs Market: 102's earnings (93.3% per year) are forecast to grow faster than the Hong Kong market (17.4% per year).

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

Revenue vs Market: 102's revenue (60.3% per year) is forecast to grow faster than the Hong Kong market (12.5% per year).

High Growth Revenue: 102's revenue (60.3% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 102's Return on Equity is forecast to be low in 3 years time (6.9%).


Past Performance

How has Summit Ascent Holdings performed over the past 5 years?

45.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 102 has high quality earnings.

Growing Profit Margin: 102 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 102 has become profitable over the past 5 years, growing earnings by 45.7% per year.

Accelerating Growth: 102 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 102 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (34.7%).


Return on Equity

High ROE: 102's Return on Equity (0.9%) is considered low.


Financial Health

How is Summit Ascent Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 102's short term assets (HK$1.6B) exceed its short term liabilities (HK$49.1M).

Long Term Liabilities: 102's short term assets (HK$1.6B) exceed its long term liabilities (HK$192.3M).


Debt to Equity History and Analysis

Debt Level: 102's debt to equity ratio (4.3%) is considered satisfactory.

Reducing Debt: 102's debt to equity ratio has reduced from 17.4% to 4.3% over the past 5 years.

Debt Coverage: 102's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 102's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Summit Ascent Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 102's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 102'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 102's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 102's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 102 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 102's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

3.9yrs

Average management tenure


CEO

David Chua (58 yo)

0.42

Tenure

Mr. Ming Huat Chua, also known as David, serves as Executive Director and Chief Executive Officer at Summit Ascent Holdings Limited since May 01, 2021. He serves as Director of Suntrust Home Developers, In...


Leadership Team

Experienced Management: 102's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: 102's board of directors are not considered experienced ( 2.5 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: 102 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

Summit Ascent Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Summit Ascent Holdings Limited
  • Ticker: 102
  • Exchange: SEHK
  • Founded: 1993
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: HK$2.390b
  • Shares outstanding: 4.51b
  • Website: https://www.saholdings.com.hk

Number of Employees


Location

  • Summit Ascent Holdings Limited
  • West Tower
  • Unit 1704, 17th Floor
  • Central
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 10:03
End of Day Share Price2021/10/15 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.