HKT Trust and HKT Limited provides telecommunications services in Hong Kong, Mainland China, and internationally. More Details
Acceptable track record and slightly overvalued.
Share Price & News
How has HKT Trust and HKT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 6823 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 6823's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 6823 exceeded the Hong Kong Telecom industry which returned -13.3% over the past year.
Return vs Market: 6823 underperformed the Hong Kong Market which returned 25.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is HKT Trust and HKT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 days ago | Simply Wall StIt Might Not Be A Great Idea To Buy HKT Trust and HKT Limited (HKG:6823) For Its Next Dividend
1 week ago | Simply Wall StWe Think Some Shareholders May Hesitate To Increase HKT Trust and HKT Limited's (HKG:6823) CEO Compensation
3 weeks ago | Simply Wall StHKT Trust and HKT (HKG:6823) Takes On Some Risk With Its Use Of Debt
Is HKT Trust and HKT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 6823 (HK$11.44) is trading below our estimate of fair value (HK$22.69)
Significantly Below Fair Value: 6823 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 6823 is poor value based on its PE Ratio (16.3x) compared to the HK Telecom industry average (11.1x).
PE vs Market: 6823 is poor value based on its PE Ratio (16.3x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: 6823's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: 6823 is overvalued based on its PB Ratio (2.3x) compared to the HK Telecom industry average (1.1x).
How is HKT Trust and HKT forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 6823's earnings are forecast to decline over the next 3 years (-0.8% per year).
Earnings vs Market: 6823's earnings are forecast to decline over the next 3 years (-0.8% per year).
High Growth Earnings: 6823's earnings are forecast to decline over the next 3 years.
Revenue vs Market: 6823's revenue (3.4% per year) is forecast to grow slower than the Hong Kong market (12.5% per year).
High Growth Revenue: 6823's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 6823's Return on Equity is forecast to be low in 3 years time (13.7%).
How has HKT Trust and HKT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 6823 has high quality earnings.
Growing Profit Margin: 6823's current net profit margins (16.4%) are higher than last year (15.8%).
Past Earnings Growth Analysis
Earnings Trend: 6823's earnings have grown by 3.7% per year over the past 5 years.
Accelerating Growth: 6823's earnings growth over the past year (1.7%) is below its 5-year average (3.7% per year).
Earnings vs Industry: 6823 earnings growth over the past year (1.7%) underperformed the Telecom industry 2.1%.
Return on Equity
High ROE: 6823's Return on Equity (14%) is considered low.
How is HKT Trust and HKT's financial position?
Financial Position Analysis
Short Term Liabilities: 6823's short term assets (HK$9.7B) do not cover its short term liabilities (HK$15.4B).
Long Term Liabilities: 6823's short term assets (HK$9.7B) do not cover its long term liabilities (HK$49.9B).
Debt to Equity History and Analysis
Debt Level: 6823's debt to equity ratio (112%) is considered high.
Reducing Debt: 6823's debt to equity ratio has increased from 97.4% to 112% over the past 5 years.
Debt Coverage: 6823's debt is well covered by operating cash flow (24.8%).
Interest Coverage: 6823's interest payments on its debt are well covered by EBIT (5.7x coverage).
What is HKT Trust and HKT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 6823's dividend (6.21%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.95%).
High Dividend: 6823's dividend (6.21%) is in the top 25% of dividend payers in the Hong Kong market (5.99%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 6823 has been paying a dividend for less than 10 years.
Growing Dividend: 6823's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (101.5%), 6823's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 6823's dividends in 3 years are not forecast to be well covered by earnings (110.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Susanna Hui (55 yo)
Ms. Hon Hing Hui, also known as Susanna, has been Group Managing Director of HKT Limited (HKT) and HKT Management Limited (Trustee-Manager), the trustee-manager of the HKT Trust, since September 2018. She ...
CEO Compensation Analysis
Compensation vs Market: Susanna's total compensation ($USD2.72M) is above average for companies of similar size in the Hong Kong market ($USD854.06K).
Compensation vs Earnings: Susanna's compensation has been consistent with company performance over the past year.
Experienced Management: 6823's management team is considered experienced (3.3 years average tenure).
Experienced Board: 6823's board of directors are considered experienced (9.5 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
HKT Trust and HKT Limited's company bio, employee growth, exchange listings and data sources
- Name: HKT Trust and HKT Limited
- Ticker: 6823
- Exchange: SEHK
- Founded: 2011
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: HK$86.813b
- Shares outstanding: 7.58b
- Website: https://www.hkt.com
Number of Employees
- HKT Trust and HKT Limited
- PCCW Tower
- 39th Floor
- Quarry Bay
- Hong Kong
HKT Trust and HKT Limited provides telecommunications services in Hong Kong, Mainland China, and internationally. It operates through Telecommunications Services, Mobile, Pay TV, and Other Businesses segme...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/11 10:17|
|End of Day Share Price||2021/05/11 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.