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Asian Pay Television Trust

SGX:S7OU
Snowflake Description

Good value unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S7OU
SGX
SGD244M
Market Cap
  1. Home
  2. SG
  3. Media
Company description

Asian Pay Television Trust owns, operates, and maintains pay-TV and broadband businesses in Taiwan, Hong Kong, Japan, and Singapore. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Asian Pay Television Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Asian Pay Television Trust has significant price volatility in the past 3 months.
S7OU Share Price and Events
7 Day Returns
-4%
SGX:S7OU
1.8%
Asia Media
2.7%
SG Market
1 Year Returns
-57.5%
SGX:S7OU
-38.4%
Asia Media
0.8%
SG Market
S7OU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asian Pay Television Trust (S7OU) -4% -2.9% 34.9% -57.5% -67.9% -78.8%
Asia Media 1.8% -3.5% -13.5% -38.4% -33.1% -39.1%
SG Market 2.7% 4.1% 2.4% 0.8% 14.7% -4.4%
1 Year Return vs Industry and Market
  • S7OU underperformed the Media industry which returned -38.4% over the past year.
  • S7OU underperformed the Market in Singapore which returned 0.8% over the past year.
Price Volatility
S7OU
Industry
5yr Volatility vs Market

S7OU Value

 Is Asian Pay Television Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Asian Pay Television Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Asian Pay Television Trust.

SGX:S7OU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.2%
Perpetual Growth Rate 10-Year SG Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SGX:S7OU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SG Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.775 (1 + (1- 17%) (618.97%))
3.518
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.3% + (2 * 5.96%)
14.22%

Discounted Cash Flow Calculation for SGX:S7OU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Asian Pay Television Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SGX:S7OU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SGD, Millions) Source Present Value
Discounted (@ 14.22%)
2019 56.03 Est @ -12.09% 49.05
2020 51.67 Est @ -7.78% 39.61
2021 49.22 Est @ -4.75% 33.03
2022 47.92 Est @ -2.64% 28.15
2023 47.37 Est @ -1.15% 24.36
2024 47.31 Est @ -0.12% 21.30
2025 47.60 Est @ 0.61% 18.76
2026 48.13 Est @ 1.12% 16.61
2027 48.84 Est @ 1.47% 14.76
2028 49.68 Est @ 1.72% 13.14
Present value of next 10 years cash flows SGD258.78
SGX:S7OU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= SGD49.68 × (1 + 2.3%) ÷ (14.22% – 2.3%)
SGD426.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SGD426.41 ÷ (1 + 14.22%)10
SGD112.79
SGX:S7OU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SGD258.78 + SGD112.79
SGD371.58
Equity Value per Share
(SGD)
= Total value / Shares Outstanding
= SGD371.58 / 1,436.80
SGD0.26
SGX:S7OU Discount to Share Price
Calculation Result
Value per share (SGD) From above. SGD0.26
Current discount Discount to share price of SGD0.17
= -1 x (SGD0.17 - SGD0.26) / SGD0.26
34.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Asian Pay Television Trust is available for.
Intrinsic value
34%
Share price is SGD0.17 vs Future cash flow value of SGD0.25861
Current Discount Checks
For Asian Pay Television Trust to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Asian Pay Television Trust's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Asian Pay Television Trust's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Asian Pay Television Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asian Pay Television Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SGX:S7OU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in SGD SGD0.02
SGX:S7OU Share Price ** SGX (2019-06-25) in SGD SGD0.17
Asia Media Industry PE Ratio Median Figure of 48 Publicly-Listed Media Companies 15.33x
Singapore Market PE Ratio Median Figure of 324 Publicly-Listed Companies 12.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Asian Pay Television Trust.

SGX:S7OU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SGX:S7OU Share Price ÷ EPS (both in SGD)

= 0.17 ÷ 0.02

11.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asian Pay Television Trust is good value based on earnings compared to the Asia Media industry average.
  • Asian Pay Television Trust is good value based on earnings compared to the Singapore market.
Price based on expected Growth
Does Asian Pay Television Trust's expected growth come at a high price?
Raw Data
SGX:S7OU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-61.2%per year
Asia Media Industry PEG Ratio Median Figure of 15 Publicly-Listed Media Companies 0.86x
Singapore Market PEG Ratio Median Figure of 118 Publicly-Listed Companies 1.64x

*Line of best fit is calculated by linear regression .

SGX:S7OU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.16x ÷ -61.2%

-0.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asian Pay Television Trust earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asian Pay Television Trust's assets?
Raw Data
SGX:S7OU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in SGD SGD0.74
SGX:S7OU Share Price * SGX (2019-06-25) in SGD SGD0.17
Asia Media Industry PB Ratio Median Figure of 86 Publicly-Listed Media Companies 0.98x
Singapore Market PB Ratio Median Figure of 431 Publicly-Listed Companies 0.7x
SGX:S7OU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SGX:S7OU Share Price ÷ Book Value per Share (both in SGD)

= 0.17 ÷ 0.74

0.23x

* Primary Listing of Asian Pay Television Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asian Pay Television Trust is good value based on assets compared to the Asia Media industry average.
X
Value checks
We assess Asian Pay Television Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Asian Pay Television Trust has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

S7OU Future Performance

 How is Asian Pay Television Trust expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-61.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Asian Pay Television Trust expected to grow at an attractive rate?
  • Asian Pay Television Trust's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Asian Pay Television Trust's earnings are expected to decrease over the next 1-3 years, this is below the Singapore market average.
  • Asian Pay Television Trust's revenues are expected to decrease over the next 1-3 years, this is below the Singapore market average.
Annual Growth Rates Comparison
Raw Data
SGX:S7OU Future Growth Rates Data Sources
Data Point Source Value (per year)
SGX:S7OU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -61.2%
SGX:S7OU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -4.3%
Asia Media Industry Earnings Growth Rate Market Cap Weighted Average 23.8%
Asia Media Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
Singapore Market Earnings Growth Rate Market Cap Weighted Average 5.6%
Singapore Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SGX:S7OU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in SGD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SGX:S7OU Future Estimates Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 287 96 8 1
2019-12-31 291 99 8 1
SGX:S7OU Past Financials Data
Date (Data in SGD Millions) Revenue Cash Flow Net Income *
2019-03-31 310 156 22
2018-12-31 314 160 7
2018-09-30 319 177 27
2018-06-30 324 174 33
2018-03-31 329 178 25
2017-12-31 335 188 36
2017-09-30 334 195 41
2017-06-30 329 193 43
2017-03-31 324 189 48
2016-12-31 319 185 60
2016-09-30 321 189 60
2016-06-30 323 175 63

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Asian Pay Television Trust's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Asian Pay Television Trust's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SGX:S7OU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Asian Pay Television Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:S7OU Future Estimates Data
Date (Data in SGD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.01 0.01 0.01 1.00
2019-12-31 0.01 0.01 0.01 1.00
SGX:S7OU Past Financials Data
Date (Data in SGD Millions) EPS *
2019-03-31 0.02
2018-12-31 0.01
2018-09-30 0.02
2018-06-30 0.02
2018-03-31 0.02
2017-12-31 0.03
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.03
2016-12-31 0.04
2016-09-30 0.04
2016-06-30 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Asian Pay Television Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Asian Pay Television Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Asian Pay Television Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

S7OU Past Performance

  How has Asian Pay Television Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Asian Pay Television Trust's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Asian Pay Television Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Asian Pay Television Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Asian Pay Television Trust's 1-year earnings growth is negative, it can't be compared to the Asia Media industry average.
Earnings and Revenue History
Asian Pay Television Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Asian Pay Television Trust Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SGX:S7OU Past Revenue, Cash Flow and Net Income Data
Date (Data in SGD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 310.05 21.84 41.89
2018-12-31 313.86 7.41 43.15
2018-09-30 319.11 26.56 43.79
2018-06-30 323.75 33.38 44.91
2018-03-31 329.26 24.92 45.20
2017-12-31 334.84 36.45 44.52
2017-09-30 334.04 41.26 45.45
2017-06-30 328.85 42.80 45.20
2017-03-31 323.98 47.53 45.09
2016-12-31 319.23 59.66 44.27
2016-09-30 320.93 59.52 44.23
2016-06-30 323.22 63.40 43.97
2016-03-31 327.69 67.34 44.33
2015-12-31 332.15 45.16 44.02
2015-09-30 328.38 45.23 44.80
2015-06-30 327.31 45.83 44.26
2015-03-31 323.82 90.88 43.30
2014-12-31 318.73 114.33 42.49
2014-09-30 408.10 141.38 47.37
2013-12-31 277.56 67.71 33.31
2012-12-31 308.73 -26.43 45.35

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Asian Pay Television Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Asian Pay Television Trust used its assets less efficiently than the Asia Media industry average last year based on Return on Assets.
  • Asian Pay Television Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Asian Pay Television Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Asian Pay Television Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

S7OU Health

 How is Asian Pay Television Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Asian Pay Television Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asian Pay Television Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Asian Pay Television Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Asian Pay Television Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Asian Pay Television Trust Company Filings, last reported 2 months ago.

SGX:S7OU Past Debt and Equity Data
Date (Data in SGD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,059.09 1,505.28 72.96
2018-12-31 1,073.73 1,514.11 73.58
2018-09-30 1,128.93 1,454.28 80.46
2018-06-30 1,144.60 1,442.61 86.62
2018-03-31 1,160.85 1,420.20 69.79
2017-12-31 1,189.80 1,396.20 66.84
2017-09-30 1,194.45 1,368.80 54.87
2017-06-30 1,225.08 1,373.28 72.85
2017-03-31 1,253.18 1,368.72 67.34
2016-12-31 1,230.56 1,312.03 59.09
2016-09-30 1,211.07 1,253.09 47.92
2016-06-30 1,172.27 1,196.32 51.93
2016-03-31 1,178.44 1,184.87 52.52
2015-12-31 1,231.12 1,200.90 60.93
2015-09-30 1,251.54 1,167.36 52.78
2015-06-30 1,278.61 1,163.22 62.01
2015-03-31 1,301.51 1,134.94 49.79
2014-12-31 1,275.83 1,054.04 74.49
2014-09-30 1,291.97 1,017.05 53.52
2013-12-31 1,321.06 949.52 96.23
2012-12-31 370.01 1,384.61 52.47
  • Asian Pay Television Trust's level of debt (142.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (74.1% vs 142.1% today).
  • Debt is not well covered by operating cash flow (10.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Asian Pay Television Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Asian Pay Television Trust has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

S7OU Dividends

 What is Asian Pay Television Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.06%
Current annual income from Asian Pay Television Trust dividends. Estimated to be 7.06% next year.
If you bought SGD2,000 of Asian Pay Television Trust shares you are expected to receive SGD141 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Asian Pay Television Trust's pays a higher dividend yield than the bottom 25% of dividend payers in Singapore (2.63%).
  • Asian Pay Television Trust's dividend is above the markets top 25% of dividend payers in Singapore (5.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SGX:S7OU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Asia Media Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 3.4%
Singapore Market Average Dividend Yield Market Cap Weighted Average of 277 Stocks 3.9%
Singapore Minimum Threshold Dividend Yield 10th Percentile 1.7%
Singapore Bottom 25% Dividend Yield 25th Percentile 2.6%
Singapore Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SGX:S7OU Future Dividends Estimate Data
Date (Data in SGD) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.01 1.00
2019-12-31 0.01 1.00
SGX:S7OU Past Annualized Dividends Data
Date (Data in SGD) Dividend per share (annual) Avg. Yield (%)
2019-05-13 0.012 6.996
2019-04-04 0.012 7.583
2019-02-25 0.012 9.297
2018-11-13 0.065 46.018
2018-08-06 0.065 19.038
2018-05-14 0.065 15.302
2018-02-26 0.065 12.424
2017-11-13 0.065 11.122
2017-04-12 0.065 11.538
2017-02-27 0.065 14.191
2016-04-01 0.083 16.389
2016-02-22 0.083 14.027
2015-11-05 0.083 12.380
2015-01-27 0.083 9.649
2014-11-05 0.083 9.536
2014-08-12 0.083 9.550
2014-05-05 0.083 10.399
2014-02-24 0.083 10.749
2013-10-30 0.083 10.827
2013-08-12 0.096 11.634
2013-07-30 0.083 9.160

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Asian Pay Television Trust has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Asian Pay Television Trust has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Asian Pay Television Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Asian Pay Television Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Asian Pay Television Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asian Pay Television Trust has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

S7OU Management

 What is the CEO of Asian Pay Television Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Brian McKinley
TENURE AS CEO 2.2 years
CEO Bio

Mr. Brian McKinley has been the Chief Executive Officer and Executive Director at APTT Management Pte. Limited (Formerly known as Macquarie APTT Management Pte. Limited) Trustee Manager of Asian Pay Television Trust since April 13, 2017. Mr. McKinley serves as Director of Finance and Director of Administration of Atreus Systems, Inc. Mr. McKinley served as the Chief Financial Officer at APTT Management Pte. Limited (Formerly known as Macquarie APTT Management Pte. Limited) Trustee Manager of Asian Pay Television Trust since May 2013 until April 13, 2017. From 2011 to 2012, Mr. McKinley was Chief Financial Officer of Richard Chandler Corporation, where he provided overall financial leadership and oversight of its IT department. From 2009 to 2011, he was Chief Financial Officer of the Banking and Financial Services Group, North America of Macquarie Group Limited and from 2006 to 2009, he was Head of Finance of Macquarie Group Limited's MIRA division in Canada. In both roles he provided overall financial leadership to the respective divisions. From November 2012 to May 2013, he served as an Associate Director of Macquarie Infrastructure and Real Assets (MIRA) Finance, Macquarie Group Limited. Mr. McKinley began his professional career in 1995 with PricewaterhouseCoopers where he worked for three years prior to moving to industry. He served as a Director of Accademia Publishing Limited, Akkadian Estates Limited, Amber Estates Limited, Ana Tzarev Foundation, Ana Tzarev London Limited,, Ana Tzarev Management Limited, Aperion Governance Limited, Aquila Aviation Limited, Brownville Limited, Chandler Education Limited, Chandler Holdings (Singapore) Limited, Chandler Holdings (Vietnam) Limited, Chandler Prosperity Holdings Limited, Chrysalis Management Limited, Constellation Holdings Limited, Dalmata Collection Limited, Edo Collection Limited, Freedom to Create Limited, Genesis Management Limited, Holborn Finance Limited, Kublai Capital Limited, Kublai Holdings Limited, Kublai Management Limited, Libra Aviation Limited, Mandalay Yachts Limited, Mandarin Estates Limited, Medici Management Limited, Milbourne Investment Holdings Limited, Ming Collection Limited, Newton Holdings (Bangladesh) Pte. Ltd., OG Advisors India Private Limited, Orient Global Aviation Limited, Orient Global London Limited, Orion Aviation Limited, Palazzo Gardens Limited, Palazzo Leonardo 12A Limited, Palazzo Leonardo 12B Limited, Palazzo Leonardo 1B Limited, Palazzo Leonardo 2A Limited, Palazzo Leonardo 2B Limited, Palazzo Leonardo Atelier Limited, Palazzo Leonardo Galleria Limited, Palazzo Leonardo Maestro Limited, Palazzo Leonardo Portineria Limited, Palazzo Leonardo Speciale Limited, Palmesbury Limited, Raphael Publishing Limited, Richard Chandler Singapore Pte. Ltd., Rumi Education Private Limited, Rumi Holdings (India) Pte. Ltd., Sajja Estates Limited, Samraan Estates Limited, Sanook Estates Limited, Shangdu Holdings Limited, Shangdu Management Limited, Shanta Estates Limited, Siam Estates Limited, Silk Estates Limited, Singmai Estates Limited, Singmedic Investments Pte. Limited, Singmedic Operations Pte. Limited, Subutai Estates Limited, Viva Diagnostik Holdings Pte. Limited, Viva Farma Holdings Pte. Limited, Viva Healthcare Singapore Limited, Viva Holdings (Africa) Pte. Ltd, Viva Holdings (Egypt) Pte. Ltd, Viva Holdings (Egypt Seha) Pte. Ltd, Viva Holdings (India) Pte. Ltd, Viva Holdings (Indonesia) Pte. Ltd., Viva Holdings (Pakistan) Pte. Ltd., Viva Holdings (Philippines) Pte. Ltd., Viva Holdings (Vietnam) Pte. Ltd., Viva Medika Holdings Pte. Limited, Viva Seha for Medical Entities and. Viva Sehat Healthcare Private Limited. Mr. McKinley holds a Bachelor of Commerce (High Honours) from Carleton University, Canada and is a Chartered Accountant of the Institute of Chartered Accountants of Ontario, Canada.

CEO Compensation
  • Insufficient data for Brian to compare compensation growth.
  • Insufficient data for Brian to establish whether their remuneration is reasonable compared to companies of similar size in Singapore.
Management Team

Brian McKinley

TITLE
CEO & Executive Director of APTT Management Pte Limited
TENURE
2.2 yrs

Somnath Adak

TITLE
Chief Financial Officer
AGE
34
TENURE
2.2 yrs

Kevin Lin

TITLE
Chief Legal Officer of Macquarie Aptt Management Pte. Limited

Yi Kim

TITLE
Company Secretary
Board of Directors Tenure

Average tenure and age of the Asian Pay Television Trust board of directors in years:

5
Average Tenure
62.5
Average Age
  • The tenure for the Asian Pay Television Trust board of directors is about average.
Board of Directors

Lum Yong

TITLE
Chairman of APTT Management Pte Limited
COMPENSATION
SGD120K
AGE
69
TENURE
6.2 yrs

Brian McKinley

TITLE
CEO & Executive Director of APTT Management Pte Limited
TENURE
2.2 yrs

Fang-Ming Lu

TITLE
Vice Chair of APTT Management Pte Limited
AGE
63
TENURE
2.2 yrs

Shin Leong

TITLE
Independent Director of APTT Management Pte Limited
COMPENSATION
SGD120K
AGE
62
TENURE
6.2 yrs

Joanna Ong

TITLE
Independent Director of APTT Management Pte Limited
COMPENSATION
SGD120K
TENURE
3.9 yrs

Richard Tan

TITLE
Independent Director of APTT Management Pte Limited
COMPENSATION
SGD120K
AGE
54
TENURE
6.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Asian Pay Television Trust individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SGD) Value (SGD)
27. May 19 Buy Fang-Ming Lu Individual 23. May 19 24. May 19 2,923,100 SGD0.18 SGD506,344
23. May 19 Buy Fang-Ming Lu Individual 21. May 19 22. May 19 2,076,900 SGD0.18 SGD363,330
16. May 19 Buy Shin Leong Individual 15. May 19 15. May 19 200,000 SGD0.18 SGD35,600
16. May 19 Buy Chung Tan Individual 15. May 19 15. May 19 223,000 SGD0.18 SGD39,694
16. May 19 Buy Brian McKinley Individual 15. May 19 15. May 19 300,000 SGD0.18 SGD52,500
X
Management checks
We assess Asian Pay Television Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Asian Pay Television Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

S7OU News

Simply Wall St News

Does Asian Pay Television Trust's (SGX:S7OU) PE Ratio Signal A Buying Opportunity?

Asian Pay Television Trust (SGX:S7OU) is trading with a trailing P/E of 15.7, which is lower than the industry average of 19.1. … I will break down what the P/E ratio is, how to interpret it and what to watch out for … See our latest analysis for Asian Pay Television Trust

Simply Wall St -

Should Asian Pay Television Trust's (SGX:S7OU) Recent Earnings Worry You?

When Asian Pay Television Trust (SGX:S7OU) announced its most recent earnings (31 March 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Being able to interpret how well Asian Pay Television Trust has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. … Was S7OU's recent earnings decline indicative of a tough track record.

Simply Wall St -

Will Asian Pay Television Trust (SGX:S7OU) Continue To Underperform Its Industry?

This analysis is intended to introduce important early concepts to people who are starting to invest. … S7OU's results could indicate a relatively inefficient operation to its peers, and while this may be the case, it is important to understand what ROE is made up of and how it should be interpreted. … Metrics such as financial leverage can impact the level of ROE which in turn can affect the sustainability of S7OU's returns

Simply Wall St -

What does Asian Pay Television Trust's (SGX:S7OU) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Asian Pay Television Trust (SGX:S7OU), with a market cap of S$581.90m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Asian Pay Television Trust (SGX:S7OU): What The Forecasts Are Telling Us

Asian Pay Television Trust (SGX:S7OU) to … earnings growth of 14.89% annualised … over the couple of years ahead,

Simply Wall St -

Asian Pay Television Trust (SGX:S7OU): Does The Earnings Decline Make It An Underperformer?

When Asian Pay Television Trust (SGX:S7OU) announced its most recent earnings (31 December 2017), I did two things: looked at its past earnings track record, then look at what is happening in the industry. … For Asian Pay Television Trust, its most recent trailing-twelve-month earnings is S$36.45M, which compared to the previous year's figure, has sunken by a large -38.91%. … I recommend you continue to research Asian Pay Television Trust to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for S7OU’s future growth?

Simply Wall St -

Does Asian Pay Television Trust's (SGX:S7OU) PE Ratio Signal A Selling Opportunity?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for S7OU Price per share = SGD0.49 Earnings per share = SGD0.025 ∴ Price-Earnings Ratio = SGD0.49 ÷ SGD0.025 = 19.3x The P/E ratio itself doesn’t tell you a lot; however, it becomes very insightful when you compare it with other similar companies. … S7OU’s P/E of 19.3x is higher than its industry peers (16.7x), which implies that each dollar of S7OU’s earnings is being overvalued by investors. … For example, if you are inadvertently comparing riskier firms with S7OU, then S7OU’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

What Are Analysts Saying About Asian Pay Television Trust's (SGX:S7OU) Profit Growth?

To get a preliminary understanding, I will try to evaluate Asian Pay Television Trust's margin behaviour to assist in analysing the revenue and cost anatomy behind the earnings expectations for the future and the impact it has on shareholder returns relative to the wider industry. … Margin Calculation for S7OU Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 36.45 Million ÷ 334.84 Million = 10.88% Asian Pay Television Trust's margin has expanded in the past five years, with average net income growth of 7.98% exceeding 1.11% in average revenue growth, which means that the previous increase in revenue has coincided with a larger portion falling to the bottom line. … Using Asian Pay Television Trust's margin expectations as a way to understand projections for the future It is expected that margins will further the previous expansion, with -0.88% in expected annual earnings growth and revenue expected to fall at 7.97% on an annual basis.

Simply Wall St -

Why Asian Pay Television Trust (SGX:S7OU) Could Be A Buy

Let’s take a look at Asian Pay Television Trust’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … I find that Asian Pay Television Trust’s ratio of 19.71x is trading slightly above its industry peers’ ratio of 16.74x, which means if you buy Asian Pay Television Trust today, you’d be paying a relatively fair price for it. … And if you believe that Asian Pay Television Trust should be trading at this level in the long run, there’s only an insignificant downside when the price falls to its real value.

Simply Wall St -

What You Must Know About Asian Pay Television Trust's (SGX:S7OU) 3.09% ROE

Asian Pay Television Trust (SGX:S7OU) generated a below-average return on equity of 3.09% in the past 12 months, while its industry returned 11.43%. … Check out our latest analysis for Asian Pay Television Trust Breaking down Return on Equity Return on Equity (ROE) is a measure of Asian Pay Television Trust’s profit relative to its shareholders’ equity. … Since Asian Pay Television Trust’s return does not cover its cost, with a difference of -15.03%, this means its current use of equity is not efficient and not sustainable.

Simply Wall St -

S7OU Company Info

Description

Asian Pay Television Trust owns, operates, and maintains pay-TV and broadband businesses in Taiwan, Hong Kong, Japan, and Singapore. It provides basic cable TV and premium digital cable TV services; and high-speed broadband services. The company serves households, other system operators, and third party customers. It serves approximately 1.2 million homes. Asian Pay Television Trust is based in Singapore.

Details
Name: Asian Pay Television Trust
S7OU
Exchange: SGX
Founded:
SGD244,256,000
1,436,800,000
Website: http://www.aptt.sg
Address: Asian Pay Television Trust
150 Beach Road,
No. 35-39, The Gateway West,
Singapore,
189720,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SGX S7OU Units Singapore Exchange SG SGD 30. May 2013
OTCPK APTT.F Units Pink Sheets LLC US USD 30. May 2013
Number of employees
Current staff
Staff numbers
0
Asian Pay Television Trust employees.
Industry
Cable and Satellite
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 02:11
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/02/28
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.