HKBN Future Growth

Future criteria checks 4/6

HKBN is forecast to grow earnings and revenue by 55.7% and 2.2% per annum respectively. EPS is expected to grow by 59% per annum. Return on equity is forecast to be 21.9% in 3 years.

Key information

55.7%

Earnings growth rate

59.0%

EPS growth rate

Telecom earnings growth	12.3%
Revenue growth rate	2.2%
Future return on equity	21.9%
Analyst coverage	Low
Last updated	04 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SZSC:1310 - Analysts future estimates and past financials data (HKD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
8/31/2027	11,356	366	859	N/A	3
8/31/2026	11,081	304	794	N/A	3
8/31/2025	10,781	177	729	N/A	3
8/31/2024	10,651	10	N/A	N/A	N/A
5/31/2024	10,722	-639	N/A	N/A	N/A
2/29/2024	10,794	-1,289	1,467	1,860	N/A
11/30/2023	11,243	-1,278	1,480	1,922	N/A
8/31/2023	11,692	-1,267	1,493	1,983	N/A
5/31/2023	11,611	-498	1,466	1,975	N/A
2/28/2023	11,530	272	1,438	1,966	N/A
11/30/2022	11,578	413	1,392	1,914	N/A
8/31/2022	11,626	553	1,346	1,862	N/A
5/31/2022	11,832	508	1,443	1,968	N/A
2/28/2022	12,037	463	1,540	2,074	N/A
11/30/2021	11,750	335	1,661	2,214	N/A
8/31/2021	11,464	207	1,782	2,354	N/A
5/31/2021	11,345	110	1,771	2,362	N/A
2/28/2021	11,225	13	1,759	2,370	N/A
11/30/2020	10,339	55	1,699	2,275	N/A
8/31/2020	9,453	97	1,638	2,179	N/A
5/31/2020	8,400	122	1,449	1,958	N/A
2/29/2020	7,346	147	1,261	1,736	N/A
11/30/2019	6,227	181	1,100	1,544	N/A
8/31/2019	5,108	215	938	1,352	N/A
5/31/2019	4,704	285	825	1,248	N/A
2/28/2019	4,299	355	712	1,144	N/A
11/30/2018	4,124	376	678	1,110	N/A
8/31/2018	3,949	397	643	1,077	N/A
5/31/2018	3,757	381	N/A	1,034	N/A
2/28/2018	3,566	366	N/A	992	N/A
11/30/2017	3,399	269	N/A	946	N/A
8/31/2017	3,232	171	N/A	901	N/A
5/31/2017	3,163	163	N/A	890	N/A
2/28/2017	3,093	155	N/A	879	N/A
11/30/2016	2,939	200	N/A	903	N/A
8/31/2016	2,784	245	N/A	926	N/A
5/31/2016	2,612	265	N/A	880	N/A
2/29/2016	2,441	286	N/A	835	N/A
11/30/2015	2,400	133	N/A	770	N/A
8/31/2015	2,341	104	N/A	657	N/A
5/31/2015	2,289	50	N/A	718	N/A
2/28/2015	2,237	-4	N/A	778	N/A
11/30/2014	2,188	84	N/A	806	N/A
8/31/2014	2,132	54	N/A	875	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 1310's forecast earnings growth (55.7% per year) is above the savings rate (2.3%).

Earnings vs Market: 1310's earnings (55.7% per year) are forecast to grow faster than the Hong Kong market (11.5% per year).

High Growth Earnings: 1310's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1310's revenue (2.2% per year) is forecast to grow slower than the Hong Kong market (7.8% per year).

High Growth Revenue: 1310's revenue (2.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 1310's Return on Equity is forecast to be high in 3 years time (21.9%)

HKBN Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

HKBN Ltd. Provides Earnings Guidance for the Year Ended 31 August 2022

Recent updates

Final dividend of HK$0.17 announced

Full year 2024 earnings released: EPS: HK$0.008 (vs HK$0.97 loss in FY 2023)

HKBN Appoints Dr. Gabriel Leung as Chief Executive Officer - Enterprise Solutions

HKBN Ltd., Annual General Meeting, Dec 12, 2024

HKBN Ltd. to Report Fiscal Year 2024 Results on Oct 31, 2024

HKBN Group Appoints Denis Yip as President and Group Chief Operating Officer

Now 21% undervalued

HKBN and Bowtie Collaborates to Launch an Exclusive Four-In-One Healthcare Service Plan

Upcoming dividend of HK$0.15 per share

First half dividend reduced to HK$0.15

First half 2024 earnings released: EPS: HK$0.001 (vs HK$0.018 in 1H 2023)

HKBN Ltd. Recommends Interim Dividend for the Six Months Ended February 29, 2024, Payable on June 5, 2024

HKBN Ltd. to Report First Half, 2024 Results on Apr 26, 2024

Now 20% undervalued after recent price drop

HKBN Ltd. Announces Chief Executive Officer Changes

High number of new directors

Less than half of directors are independent

HKBN Ltd. Approves Final Dividend for the Year Ended 31 August 2023

Upcoming dividend of HK$0.20 per share at 11% yield

HKBN Unveils N Mobile, A Distinctive New Brand Designed for Individuals with A Deep Passion for Travel, Exploration and Living Life

HKBN Ltd. Announces Management Changes

Co-Owner & Executive Vice-Chairman recently bought HK$2.3m worth of stock

HKBN Ltd., Annual General Meeting, Dec 15, 2023

HKBN Ltd. Proposes Final Dividend for the Year Ended 31 August 2023, Payable on 8 January 2024

Full year 2023 earnings released: HK$0.97 loss per share (vs HK$0.42 profit in FY 2022)

Now 21% undervalued after recent price drop

HKBN Ltd. to Report Q4, 2023 Results on Nov 02, 2023

HKBN Ltd. Provides Earnings Guidance for the Year Ended 31 August 2022

Now 20% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 20%

HKBN Ltd. Appoints Derek Yue as Chief Financial Officer

HKBN Ltd. Announces Change of Directors and Composition of Board Committees

Co-Owner recently bought HK$5.5m worth of stock

HKBN Ltd. Announces Board Changes

HKBN Ltd. Announces Directorate and Committees Changes

Hong Kong Broadband Network Limited Launches Game Changer Post-Paid Global Sim

Upcoming dividend of HK$0.20 per share at 7.0% yield

First half 2023 earnings released: EPS: HK$0.018 (vs HK$0.23 in 1H 2022)

Hkbn Ltd. Approves Final Dividend for the Year Ended 31 August 2022

Upcoming dividend of HK$0.20 per share

Less than half of directors are independent

Full year 2022 earnings released: EPS: HK$0.42 (vs HK$0.16 in FY 2021)

HKBN Ltd., Annual General Meeting, Dec 16, 2022

Co-Owner recently bought HK$2.9m worth of stock

HKBN Ltd. Proposes Final Dividend for the Year Ended Aug. 31, 2022, Payable on 06 January 2023

Full year 2022 earnings released: EPS: HK$0.42 (vs HK$0.16 in FY 2021)

HKBN Ltd. Announces Leave of Absence of Executive Director Ni Quiaque Lai

HKBN Ltd. to Report Q4, 2022 Results on Oct 27, 2022

HKBN Ltd. Announces Executive Appointments

HKBN Ltd. and TP-Link Launch Market's First Certified Wi-Fi 6E Router

Upcoming dividend of HK$0.40 per share

First half 2022 earnings released: EPS: HK$0.23 (vs HK$0.037 in 1H 2021)

HKBN Ltd. Declares Interim Dividend for the First Half 2022, Payable on 26 May 2022

HKBN Ltd. to Report First Half, 2022 Results on Apr 21, 2022

Less than half of directors are independent

Upcoming dividend of HK$0.38 per share

Full year 2021 earnings released: EPS HK$0.16 (vs HK$0.074 in FY 2020)

HKBN and MOMAX Debut New Smart Living Brand Smart D

HKBN Launches iPhone 12 with 1-year 5G Service Waiver

Co-Owner, CFO & Company Secretary Yue Wong has left the company

Independent Non-Executive Chairman recently bought HK$2.1m worth of stock

First half 2021 earnings released: EPS HK$0.037 (vs HK$0.10 in 1H 2020)

Upcoming dividend of HK$0.39 per share

Hong Kong Broadband Network Limited Launches WiFi 6 Gateway, the New and Upgraded All-In-One Network Security Router

First half 2021 earnings released: EPS HK$0.037 (vs HK$0.10 in 1H 2020)

New 90-day low: HK$11.18

Hong Kong Broadband Network Limited Partners with OliveX Holdings Limited to Launch Kara Smart Fitness Mirror

New 90-day low: HK$11.30

Co-Owner & Executive Vice-Chairman recently bought HK$926k worth of stock

Independent Non-Executive Chairman recently bought HK$1.2m worth of stock

New 90-day low: HK$11.72

Upcoming Dividend of HK$0.38 Per Share

Independent Non-Executive Director recently bought HK$778k worth of stock

Revenue misses expectations