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.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$0.53|
|52 Week High||HK$0.43|
|52 Week Low||HK$1.24|
|1 Month Change||8.16%|
|3 Month Change||-20.90%|
|1 Year Change||-37.65%|
|3 Year Change||-45.36%|
|5 Year Change||-79.30%|
|Change since IPO||65.63%|
Recent News & Updates
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...
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...
|102||HK Hospitality||HK Market|
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.
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
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
|102 fundamental statistics|
Is 102 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|102 income statement (TTM)|
|Cost of Revenue||HK$142.28m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.013|
|Net Profit Margin||23.21%|
How did 102 perform over the long term?See historical performance and comparison
Is Summit Ascent Holdings undervalued compared to its fair value and its price relative to the market?
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).
How is Summit Ascent Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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%).
How has Summit Ascent Holdings performed over the past 5 years?
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
David Chua (58 yo)
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...
Experienced Management: 102's management team is considered experienced (3.9 years average tenure).
Experienced Board: 102's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Summit Ascent Holdings Limited's employee growth, exchange listings and data sources
- 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
- Summit Ascent Holdings Limited
- West Tower
- Unit 1704, 17th Floor
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 10:03|
|End of Day Share Price||2021/10/15 00:00|
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.