China Tower Corporation Limited provides telecommunication tower infrastructure services in the People's Republic of China. More Details
Proven track record and fair value.
Share Price & News
How has China Tower's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 788 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 788's weekly volatility (4%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: 788 underperformed the Hong Kong Telecom industry which returned -13.3% over the past year.
Return vs Market: 788 underperformed the Hong Kong Market which returned 25.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is China Tower's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIf You Had Bought China Tower's (HKG:788) Shares A Year Ago You Would Be Down 36%
1 month ago | Simply Wall StIs China Tower (HKG:788) Using Too Much Debt?
Is China Tower 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: 788 (HK$1.1) is trading below our estimate of fair value (HK$4.25)
Significantly Below Fair Value: 788 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 788 is poor value based on its PE Ratio (24x) compared to the HK Telecom industry average (11.1x).
PE vs Market: 788 is poor value based on its PE Ratio (24x) compared to the Hong Kong market (11.7x).
Price to Earnings Growth Ratio
PEG Ratio: 788 is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: 788 is good value based on its PB Ratio (0.9x) compared to the HK Telecom industry average (1.1x).
How is China Tower forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 788's forecast earnings growth (16.2% per year) is above the savings rate (1.5%).
Earnings vs Market: 788's earnings (16.2% per year) are forecast to grow slower than the Hong Kong market (17% per year).
High Growth Earnings: 788's earnings are forecast to grow, but not significantly.
Revenue vs Market: 788's revenue (4.7% per year) is forecast to grow slower than the Hong Kong market (12.5% per year).
High Growth Revenue: 788's revenue (4.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 788's Return on Equity is forecast to be low in 3 years time (5.4%).
How has China Tower performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 788 has high quality earnings.
Growing Profit Margin: 788's current net profit margins (8.1%) are higher than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: 788 has become profitable over the past 5 years, growing earnings by 42.2% per year.
Accelerating Growth: 788's earnings growth over the past year (23.7%) is below its 5-year average (42.2% per year).
Earnings vs Industry: 788 earnings growth over the past year (23.7%) exceeded the Telecom industry 2.1%.
Return on Equity
High ROE: 788's Return on Equity (3.6%) is considered low.
How is China Tower's financial position?
Financial Position Analysis
Short Term Liabilities: 788's short term assets (CN¥43.2B) do not cover its short term liabilities (CN¥106.6B).
Long Term Liabilities: 788's short term assets (CN¥43.2B) do not cover its long term liabilities (CN¥44.5B).
Debt to Equity History and Analysis
Debt Level: 788's debt to equity ratio (47.9%) is considered high.
Reducing Debt: 788's debt to equity ratio has increased from 25.9% to 47.9% over the past 5 years.
Debt Coverage: 788's debt is well covered by operating cash flow (64.6%).
Interest Coverage: 788's interest payments on its debt are well covered by EBIT (3.4x coverage).
What is China Tower current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: 788's dividend (2.45%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.95%).
High Dividend: 788's dividend (2.45%) is low compared to 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, 788 has been paying a dividend for less than 10 years.
Growing Dividend: 788's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (59%), 788's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 788's dividends in 3 years are forecast to be covered by earnings (69.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Xiaomin Gu (56 yo)
Mr. Xiaomin Gu has been General Manager of China Tower Corporation Limited since June 10, 2019 and served as its Deputy General Manager from August 2014 to June 10, 2019 and has been its Chairman of the La...
Experienced Management: 788's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Experienced Board: 788's board of directors are considered experienced (3 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.
China Tower Corporation Limited's company bio, employee growth, exchange listings and data sources
- Name: China Tower Corporation Limited
- Ticker: 788
- Exchange: SEHK
- Founded: 2014
- Industry: Integrated Telecommunication Services
- Sector: Telecom
- Market Cap: HK$195.369b
- Shares outstanding: 176.01b
- Website: https://www.china-tower.com
Number of Employees
- China Tower Corporation Limited
- China Tower Industrial Park
- No. 9 Dongran North Street
China Tower Corporation Limited provides telecommunication tower infrastructure services in the People's Republic of China. The company offers towers, and shelters or cabinets; and ancillary equipment to t...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/10 10:24|
|End of Day Share Price||2021/05/10 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.