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APT Satellite Holdings

Market Cap

HK$2.3b

Last Updated

2021/05/16 10:46 UTC

Data Sources

Company Financials

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


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

1045IndustryMarket
7 Day-2.4%-5.3%-1.9%
30 Day-0.4%-3.7%-3.4%
90 Day2.9%2.4%-8.0%
1 Year13.7%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

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

TodayMay 17 2021Ex Dividend DateJun 04 2021Dividend Pay DateJun 18 202114 days from Ex DividendBuy in the next 18 days to receive the upcoming dividend

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/16 10:46
End of Day Share Price2021/05/14 00:00
Earnings2020/12/31
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.