SGX:S7OU

Stock Analysis Report

Asian Pay Television Trust

Executive Summary

Asian Pay Television Trust owns, operates, and maintains pay-TV and broadband businesses in Taiwan, Hong Kong, Japan, and Singapore.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Asian Pay Television Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: S7OU has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

S7OU

-0.07%

SG Media

-0.1%

SG Market


1 Year Return

27.3%

S7OU

-6.7%

SG Media

-2.7%

SG Market

Return vs Industry: S7OU exceeded the SG Media industry which returned -5.2% over the past year.

Return vs Market: S7OU exceeded the SG Market which returned -2.7% over the past year.


Shareholder returns

S7OUIndustryMarket
7 Day-1.2%-0.07%-0.1%
30 Day-1.8%-1.8%-2.8%
90 Day0.6%6.7%0.07%
1 Year37.3%27.3%-5.0%-6.7%1.2%-2.7%
3 Year-42.2%-61.8%-29.3%-32.7%9.4%-2.2%
5 Year-64.8%-81.5%-35.2%-40.2%8.9%-9.4%

Price Volatility Vs. Market

How volatile is Asian Pay Television Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Asian Pay Television Trust undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: S7OU (SGD0.17) is trading below our estimate of fair value (SGD0.38)

Significantly Below Fair Value: S7OU is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: S7OU is good value based on its PE Ratio (12.6x) compared to the Media industry average (18.5x).

PE vs Market: S7OU is good value based on its PE Ratio (12.6x) compared to the SG market (13.3x).


Price to Earnings Growth Ratio

PEG Ratio: S7OU's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: S7OU is good value based on its PB Ratio (0.2x) compared to the XA Media industry average (1.4x).

Future Growth

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

-6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: S7OU's earnings are forecast to decline over the next 3 years (-6.3% per year).

Earnings vs Market: S7OU's earnings are forecast to decline over the next 3 years (-6.3% per year).

High Growth Earnings: S7OU's earnings are forecast to decline over the next 3 years.

Revenue vs Market: S7OU's revenue is expected to decline over the next 3 years (-3.4% per year).

High Growth Revenue: S7OU's revenue is forecast to decline over the next 3 years (-3.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: S7OU's Return on Equity is forecast to be low in 3 years time (1.6%).

Past Performance

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

-33.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S7OU has high quality earnings.

Growing Profit Margin: S7OU's current net profit margins (6.5%) are higher than last year (2.4%).


Past Earnings Growth Analysis

Earnings Trend: S7OU's earnings have declined by -33.8% per year over the past 5 years.

Accelerating Growth: S7OU's earnings growth over the past year (157.8%) exceeds its 5-year average (-33.8% per year).

Earnings vs Industry: S7OU earnings growth over the past year (157.8%) exceeded the Media industry 1.8%.


Return on Equity

High ROE: S7OU's Return on Equity (1.8%) is considered low.


Return on Assets


Return on Capital Employed

Financial Health

How is Asian Pay Television Trust's financial position?


Financial Position Analysis

Short Term Liabilities: S7OU's short term assets (SGD109.0M) do not cover its short term liabilities (SGD116.8M).

Long Term Liabilities: S7OU's short term assets (SGD109.0M) do not cover its long term liabilities (SGD1.6B).


Debt to Equity History and Analysis

Debt Level: S7OU's debt to equity ratio (141.1%) is considered high.

Reducing Debt: S7OU's debt to equity ratio has increased from 82.7% to 141.1% over the past 5 years.

Debt Coverage: S7OU's debt is not well covered by operating cash flow (10.5%).

Interest Coverage: S7OU's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet

Inventory Level: S7OU has a low level of unsold assets or inventory.

Debt Coverage by Assets: S7OU's debt is not covered by short term assets (assets are 0.1x debt).

Dividend

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

7.14%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Asian Pay Television Trust before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company7.1%marketbottom25%2.5%markettop25%5.7%industryaverage2.3%forecastin3Years7.1%

Current dividend yield vs market & industry

Notable Dividend: S7OU's dividend (7.14%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).

High Dividend: S7OU's dividend (7.14%) is in the top 25% of dividend payers in the SG market (5.7%)


Stability and Growth of Payments

Stable Dividend: S7OU has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: S7OU has only been paying a dividend for 7 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (90.2%), S7OU's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average board tenure


CEO

Brian McKinley 0

2.8yrs

Tenure

0

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 Televi ...


Board Members

NamePositionTenureCompensationOwnership
Brian McKinley
CEO & Executive Director of APTT Management Pte Limited2.8yrsno data0.076% SGD184.8k
Lum Yong
Chairman of APTT Management Pte Limited6.8yrsS$120.00kno data
Fang-Ming Lu
Vice Chair of APTT Management Pte Limited2.8yrsno data0.35% SGD840.0k
Chung Tan
Independent Director of APTT Management Pte Limited6.8yrsS$120.00k0.043% SGD104.0k
Shin Leong
Independent Director of APTT Management Pte Limited6.8yrsS$120.00k0.021% SGD50.4k
Joo Ong
Independent Director of APTT Management Pte Limited4.6yrsS$120.00kno data

5.7yrs

Average Tenure

63.5yo

Average Age

Experienced Board: S7OU's board of directors are considered experienced (5.7 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Asian Pay Television Trust's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Asian Pay Television Trust
  • Ticker: S7OU
  • Exchange: SGX
  • Founded:
  • Industry: Cable and Satellite
  • Sector: Media
  • Market Cap: S$242.774m
  • Shares outstanding: 1.45b
  • Website: https://www.aptt.sg

Location

  • Asian Pay Television Trust
  • 150 Beach Road
  • No. 35-39, The Gateway West
  • Singapore
  • 189720
  • Singapore

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
S7OUSGX (Singapore Exchange)YesUnitsSGSGDMay 2013
APTT.FOTCPK (Pink Sheets LLC)YesUnitsUSUSDMay 2013

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 13:09
End of Day Share Price2020/02/19 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.