Executive Summary
APT Satellite Holdings Limited, an investment holding company, maintains, operates, and provides satellite transponder capacity and related services, satellite-based broadcasting and telecommunications services, and other services. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has APT Satellite Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 1045 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: 1045's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-2.4%
1045
-5.3%
HK Telecom
-1.9%
HK Market
1 Year Return
5.1%
1045
-13.5%
HK Telecom
24.3%
HK Market
Return vs Industry: 1045 exceeded the Hong Kong Telecom industry which returned -14.1% over the past year.
Return vs Market: 1045 underperformed the Hong Kong Market which returned 24.4% over the past year.
Shareholder returns
| 1045 | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.4% | -5.3% | -1.9% |
| 30 Day | -0.4% | -3.7% | -3.4% |
| 90 Day | 2.9% | 2.4% | -8.0% |
| 1 Year | 13.7%5.1% | -9.3%-13.5% | 29.0%24.3% |
| 3 Year | -20.4%-33.4% | -30.8%-38.5% | 0.5%-10.0% |
| 5 Year | -51.7%-61.1% | -19.1%-32.0% | 58.6%31.9% |
Long-Term Price Volatility Vs. Market
How volatile is APT Satellite Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
APT Satellite Holdings (HKG:1045) Is Increasing Its Dividend To HK$0.196 days ago | Simply Wall St
APT Satellite Holdings' (HKG:1045) Stock Price Has Reduced 58% In The Past Five Years3 weeks ago | Simply Wall St
Is APT Satellite Holdings Limited (HKG:1045) A Good Dividend Stock?Valuation
Is APT Satellite Holdings 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: 1045 (HK$2.47) is trading below our estimate of fair value (HK$10.91)
Significantly Below Fair Value: 1045 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 1045 is good value based on its PE Ratio (9.9x) compared to the Hong Kong Telecom industry average (10.9x).
PE vs Market: 1045 is good value based on its PE Ratio (9.9x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 1045's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 1045 is good value based on its PB Ratio (0.4x) compared to the HK Telecom industry average (1.1x).
Future Growth
How is APT Satellite Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
16.4%
Forecasted Telecom 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 APT Satellite 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.
Past Performance
How has APT Satellite Holdings performed over the past 5 years?
-12.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 1045 has high quality earnings.
Growing Profit Margin: 1045's current net profit margins (26%) are lower than last year (34%).
Past Earnings Growth Analysis
Earnings Trend: 1045's earnings have declined by 12% per year over the past 5 years.
Accelerating Growth: 1045's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 1045 had negative earnings growth (-36%) over the past year, making it difficult to compare to the Telecom industry average (2.1%).
Return on Equity
High ROE: 1045's Return on Equity (3.9%) is considered low.
Financial Health
How is APT Satellite Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 1045's short term assets (HK$1.5B) exceed its short term liabilities (HK$283.9M).
Long Term Liabilities: 1045's short term assets (HK$1.5B) exceed its long term liabilities (HK$971.4M).
Debt to Equity History and Analysis
Debt Level: 1045 is debt free.
Reducing Debt: 1045 has no debt compared to 5 years ago when its debt to equity ratio was 15.9%.
Debt Coverage: 1045 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1045 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is APT Satellite Holdings's current dividend yield, its reliability and sustainability?
9.11%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 1045's dividend (9.11%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.94%).
High Dividend: 1045's dividend (9.11%) is in the top 25% of dividend payers in the Hong Kong market (6.03%)
Stability and Growth of Payments
Stable Dividend: 1045's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1045's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90.4%), 1045's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.8yrs
Average management tenure
CEO
Guangren Cheng (57 yo)
12.92yrs
Tenure
HK$4,175,000
Compensation
Mr. Guangren Cheng serves as the President of APT Satellite Holdings Ltd. since June 20, 2008. Mr. Cheng also serves as the President of APT Satellite Investment Company Limited and APT Satellite Company L...
CEO Compensation Analysis
Compensation vs Market: Guangren's total compensation ($USD537.58K) is above average for companies of similar size in the Hong Kong market ($USD286.17K).
Compensation vs Earnings: Guangren's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: 1045's management team is seasoned and experienced (11.8 years average tenure).
Board Members
Experienced Board: 1045's board of directors are seasoned and experienced ( 12.9 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
APT Satellite Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: APT Satellite Holdings Limited
- Ticker: 1045
- Exchange: SEHK
- Founded: 1992
- Industry: Alternative Carriers
- Sector: Telecom
- Market Cap: HK$2.294b
- Shares outstanding: 928.57m
- Website: https://www.apstar.com
Number of Employees
Location
- APT Satellite Holdings Limited
- 22 Dai Kwai Street
- Tai Po Industrial Estate
- Tai Po
- New Territories
- Hong Kong
Listings
Biography
APT Satellite Holdings Limited, an investment holding company, maintains, operates, and provides satellite transponder capacity and related services, satellite-based broadcasting and telecommunications ser...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/16 10:46 |
| End of Day Share Price | 2021/05/14 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.