How does 8's PS Ratio compare to its peers?

8 is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (1.3x).

How does 8's PS Ratio compare vs other companies in the Asian Telecom Industry?

8 is good value based on its Price-To-Sales Ratio (0.9x) compared to the Asian Telecom industry average (1.8x).

What is 8's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

8 is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (1x).

What is the Fair Price of 8 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

8 (HK$4.53) is trading below our estimate of [[fair value]] (HK$15.7)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

8 Stock Overview

Provides telecommunications and related services in Hong Kong, Mainland and other parts of China, Singapore, and internationally. More details

8 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	4/6
Past Performance	0/6
Financial Health	1/6
Dividends	5/6

Rewards

Trading at 71.1% below our estimate of its fair value

Earnings are forecast to grow 102.78% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 8.44% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

PCCW Limited Competitors

HKT Trust and HKT

SEHK:6823

HK$72.6b

HKBN

SEHK:1310

HK$6.9b

China Tower

SEHK:788

HK$195.8b

China Unicom (Hong Kong)

SEHK:762

HK$216.9b

Price History & Performance

Summary of share price highs, lows and changes for PCCW
Historical stock prices
Current Share Price	HK$4.53
52 Week High	HK$4.75
52 Week Low	HK$3.80
Beta	0.40
1 Month Change	0.22%
3 Month Change	5.35%
1 Year Change	11.85%
3 Year Change	9.42%
5 Year Change	-4.23%
Change since IPO	158.86%

Recent updates

PCCW Limited's (HKG:8) Share Price Matching Investor Opinion

Jan 21

Is PCCW (HKG:8) Using Too Much Debt?

Nov 26

Some Confidence Is Lacking In PCCW Limited's (HKG:8) P/S

Aug 28

PCCW (HKG:8) Is Due To Pay A Dividend Of HK$0.2848

Jun 01

PCCW (HKG:8) Has A Somewhat Strained Balance Sheet

Apr 25

PCCW (HKG:8) Will Pay A Dividend Of HK$0.2848

Apr 03

Some Shareholders Feeling Restless Over PCCW Limited's (HKG:8) P/S Ratio

Mar 21

PCCW (HKG:8) Is Paying Out A Dividend Of HK$0.2848

Feb 26

Does PCCW (HKG:8) Have A Healthy Balance Sheet?

Nov 14

PCCW's (HKG:8) Upcoming Dividend Will Be Larger Than Last Year's

Aug 06

Is PCCW (HKG:8) Using Too Much Debt?

Aug 04

PCCW (HKG:8) Takes On Some Risk With Its Use Of Debt

Oct 24

PCCW (HKG:8) Has A Somewhat Strained Balance Sheet

Apr 19

Is PCCW Limited (HKG:8) Expensive For A Reason? A Look At Its Intrinsic Value

Dec 16

PCCW (HKG:8) Has No Shortage Of Debt

Sep 16

The Returns On Capital At PCCW (HKG:8) Don't Inspire Confidence

Jul 20

Shareholders May Not Be So Generous With PCCW Limited's (HKG:8) CEO Compensation And Here's Why

Apr 30

PCCW (HKG:8) May Have Issues Allocating Its Capital

Apr 06

Who Has Been Buying PCCW Limited (HKG:8) Shares?

Mar 19

Does PCCW (HKG:8) Have A Healthy Balance Sheet?

Mar 01

PCCW Limited Reported A Surprise Loss, And Analysts Have Updated Their Forecasts

Feb 08

How Much Of PCCW Limited (HKG:8) Do Insiders Own?

Jan 19

Should We Be Excited About The Trends Of Returns At PCCW (HKG:8)?

Dec 22

Is PCCW (HKG:8) A Risky Investment?

Nov 30

Shareholder Returns

	8	HK Telecom	HK Market
7D	-0.4%	-0.2%	0.4%
1Y	11.9%	22.8%	24.4%

Return vs Industry: 8 underperformed the Hong Kong Telecom industry which returned 23.3% over the past year.

Return vs Market: 8 underperformed the Hong Kong Market which returned 24.2% over the past year.

Price Volatility

Is 8's price volatile compared to industry and market?
8 volatility
8 Average Weekly Movement	2.0%
Telecom Industry Average Movement	2.8%
Market Average Movement	6.4%
10% most volatile stocks in HK Market	13.9%
10% least volatile stocks in HK Market	3.0%

Stable Share Price: 8 has not had significant price volatility in the past 3 months compared to the Hong Kong market.

Volatility Over Time: 8's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1925	14,800	Susanna Hui	www.pccw.com

PCCW Limited provides telecommunications and related services in Hong Kong, Mainland and other parts of China, Singapore, and internationally. The company’s services include local telephony, local data and broadband, mobile, enterprise solutions, international telecommunications, and satellite-based and network-based telecommunications services; outsourcing, consulting, and contact center services; and technical consulting and engineering services. It also provides free television, pay television program, and interactive multimedia services; sells advertising in various telephone directories and on the Internet; publishes directories; sells mobile handsets and accessories; distributes media content; and mobile video on demand and advertising services through OTT platform.

PCCW Limited Fundamentals Summary

How do PCCW's earnings and revenue compare to its market cap?
8 fundamental statistics
Market cap	HK$35.04b
Earnings (TTM)	-HK$447.00m
Revenue (TTM)	HK$37.20b

0.9x

P/S Ratio

-78.4x

P/E Ratio

Is 8 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
8 income statement (TTM)
Revenue	HK$37.20b
Cost of Revenue	HK$18.76b
Gross Profit	HK$18.43b
Other Expenses	HK$18.88b
Earnings	-HK$447.00m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.058
Gross Margin	49.56%
Net Profit Margin	-1.20%
Debt/Equity Ratio	840.8%

How did 8 perform over the long term?

See historical performance and comparison

Dividends

8.4%

Current Dividend Yield

-661%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/31 03:18
End of Day Share Price	2025/01/28 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PCCW Limited is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Anand Ramachandran	Barclays
Allan NG	BOCI Research Ltd.
Feiyun Fang	Citigroup Inc

8 Stock Overview

Rewards

Risk Analysis

PCCW Limited Competitors

SEHK:6823

HK$72.6b

SEHK:1310

HK$6.9b

SEHK:788

HK$195.8b

SEHK:762

HK$216.9b

Price History & Performance

Recent News & Updates

PCCW Limited's (HKG:8) Share Price Matching Investor Opinion

Is PCCW (HKG:8) Using Too Much Debt?

First half 2024 earnings released: HK$0.06 loss per share (vs HK$0.063 loss in 1H 2023)

Some Confidence Is Lacking In PCCW Limited's (HKG:8) P/S

First half dividend of HK$0.098 announced

First half 2024 earnings released: HK$0.06 loss per share (vs HK$0.063 loss in 1H 2023)

Recent updates

PCCW Limited's (HKG:8) Share Price Matching Investor Opinion

Is PCCW (HKG:8) Using Too Much Debt?

First half 2024 earnings released: HK$0.06 loss per share (vs HK$0.063 loss in 1H 2023)

Some Confidence Is Lacking In PCCW Limited's (HKG:8) P/S

First half dividend of HK$0.098 announced

First half 2024 earnings released: HK$0.06 loss per share (vs HK$0.063 loss in 1H 2023)

PCCW Limited to Report First Half, 2024 Results on Jul 26, 2024

Acting Group MD recently sold HK$3.4m worth of stock

PCCW Limited Announces Resignation of Wang Fang as Non-Executive Director

PCCW (HKG:8) Is Due To Pay A Dividend Of HK$0.2848

PCCW Limited Approves Final Dividend for the Year Ended 31 December 2023

Upcoming dividend of HK$0.28 per share

PCCW (HKG:8) Has A Somewhat Strained Balance Sheet

PCCW (HKG:8) Will Pay A Dividend Of HK$0.2848

Full year 2023 earnings: EPS and revenues miss analyst expectations

Some Shareholders Feeling Restless Over PCCW Limited's (HKG:8) P/S Ratio

PCCW (HKG:8) Is Paying Out A Dividend Of HK$0.2848

First half dividend of HK$0.28 announced

PCCW Limited, Annual General Meeting, May 30, 2024

PCCW Limited Proposes Final Ordinary Dividend for the Year Ended 31 December 2023, Payable on 21 June 2024

PCCW Limited to Report Fiscal Year 2023 Results on Feb 23, 2024

Executive Chairman recently bought HK$5.7m worth of stock

Executive Chairman recently bought HK$3.3m worth of stock

Does PCCW (HKG:8) Have A Healthy Balance Sheet?

Executive Chairman recently bought HK$7.9m worth of stock

Executive Chairman recently bought HK$5.8m worth of stock

First half 2023 earnings released: HK$0.063 loss per share (vs HK$0.025 loss in 1H 2022)

Acting Group MD recently sold HK$2.0m worth of stock

Upcoming dividend of HK$0.098 per share at 9.9% yield

PCCW's (HKG:8) Upcoming Dividend Will Be Larger Than Last Year's

Is PCCW (HKG:8) Using Too Much Debt?

PCCW Limited Appoints Tang Yongbo as Non-Executive Director, Deputy Chairman of the Board and Member of the Executive Committee of the Board

First half 2023 earnings released: HK$0.063 loss per share (vs HK$0.011 loss in 1H 2022)

PCCW Limited to Report First Half, 2023 Results on Aug 03, 2023

PCCW Limited Approves to Declare A Final Dividend in Respect of the Year Ended 31 December 2022

Upcoming dividend of HK$0.28 per share at 9.5% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

PCCW Limited to Report Fiscal Year 2022 Results on Feb 24, 2023

Price target decreased to HK$4.58

Price target decreased to HK$4.68

Less than half of directors are independent

PCCW (HKG:8) Takes On Some Risk With Its Use Of Debt

Consensus forecasts updated

Upcoming dividend of HK$0.096 per share

Now 20% undervalued after recent price drop

First half 2022 earnings released: HK$0.011 loss per share (vs HK$0.041 loss in 1H 2021)

Pccw Limited Announces Appointment of Lars Eric Nils Rodert as A Member of the Nomination Committee

PCCW Limited to Report First Half, 2022 Results on Aug 12, 2022

Less than half of directors are independent

PCCW Limited Announces Resignation of David Lawrence Herzog as an Independent Non-Executive Director and Member of Each of the Nomination Committee, Remuneration Committee and Regulatory Compliance Committee of the Board

Consensus forecasts updated

PCCW Limited Announces Mai Yanzhou Resigns as Non-Executive Director, with Effect from May 30, 2022

PCCW Limited Approves Final Dividend for the Year Ended December 31, 2022

Upcoming dividend of HK$0.28 per share

PCCW (HKG:8) Has A Somewhat Strained Balance Sheet

Full year 2021 earnings: EPS exceeds analyst expectations

Consensus forecasts updated

PCCW Limited Proposes Final Dividend in Respect of the Year Ended December 31, 2021

PCCW Limited Announces Board and Executive Committee Changes