OTCPK:ASEJ.F

Stock Analysis Report

Executive Summary

APT Satellite Holdings Limited, an investment holding company, maintains, operates, and provides satellite transponder capacity and related services, satellite-based broadcasting and telecommunications services, and other services.

Snowflake

Fundamentals

Flawless balance sheet and undervalued.

Risks

  • APT Satellite Holdings is not covered by any analysts.

Similar Companies

Share Price & News

How has APT Satellite Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

ASEJ.F

-1.0%

US Telecom

-0.6%

US Market


1 Year Return

-11.8%

ASEJ.F

7.1%

US Telecom

0.6%

US Market

ASEJ.F underperformed the Telecom industry which returned 7% over the past year.

ASEJ.F underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

ASEJ.FIndustryMarket
7 Day0%-1.0%-0.6%
30 Day0.6%5.7%2.2%
90 Day-5.4%8.9%1.1%
1 Year-11.8%-11.8%12.8%7.1%2.9%0.6%
3 Year-50.7%-50.7%14.6%-2.1%44.6%35.2%
5 Year-77.2%-77.2%34.9%4.0%61.9%44.2%

Price Volatility Vs. Market

How volatile is APT Satellite Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is APT Satellite Holdings undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

APT Satellite Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

APT Satellite Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

APT Satellite Holdings is good value based on earnings compared to the US Telecom industry average.

APT Satellite Holdings is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for APT Satellite Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

APT Satellite Holdings is good value based on assets compared to the US Telecom industry average.


Next Steps

Future Growth

How is APT Satellite Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if APT Satellite Holdings is high growth as no revenue estimate data is available.

APT Satellite Holdings's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).

Unable to compare APT Satellite Holdings's revenue growth to the United States of America market average as no estimate data is available.

APT Satellite Holdings's earnings growth is positive but not above the United States of America market average.

APT Satellite Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if APT Satellite Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has APT Satellite Holdings performed over the past 5 years?

-0.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

APT Satellite Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

APT Satellite Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.

APT Satellite Holdings's 1-year earnings growth is negative, it can't be compared to the US Telecom industry average.


Return on Equity

APT Satellite Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

APT Satellite Holdings used its assets more efficiently than the US Telecom industry average last year based on Return on Assets.


Return on Capital Employed

APT Satellite Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is APT Satellite Holdings's financial position?


Financial Position Analysis

APT Satellite Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

APT Satellite Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

APT Satellite Holdings's level of debt (0%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (29.8% vs 0% today).

Debt is well covered by operating cash flow (1.3573891498141E+19%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 248.2x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.3359900147097E+17x debt.


Next Steps

Dividend

What is APT Satellite Holdings's current dividend yield, its reliability and sustainability?

5.33%

Current Dividend Yield


Dividend Yield and Payments Analysis

APT Satellite Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

APT Satellite Holdings's dividend is above the markets top 25% of dividend payers in United States of America (3.71%).

APT Satellite Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but APT Satellite Holdings only paid a dividend in the past 8 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.1x 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.


Next Steps

Management

What is the CEO of APT Satellite Holdings's salary, the management and board of directors tenure and is there insider trading?

10.2yrs

Average management tenure


CEO

Guangren Cheng (56yo)

11.3yrs

Tenure

HK$16,396,000

Compensation

Mr. Guangren Cheng serves as the President of APT Satellite Holdings Ltd. since June 20, 2008. Mr. Cheng also serves as the President of APT Satellite Investment Company Limited and APT Satellite Company L ...


CEO Compensation Analysis

Guangren's remuneration is about average for companies of similar size in United States of America.

Guangren's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

10.2yrs

Average Tenure

56yo

Average Age

The average tenure for the APT Satellite Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

11.7yrs

Average Tenure

58yo

Average Age

The average tenure for the APT Satellite Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyHK$167,40118 Sep 19
International Value Advisers, LLC
EntityCompany
Shares450,000
Max PriceHK$0.37
SellHK$230,90413 Sep 19
International Value Advisers, LLC
EntityCompany
Shares668,000
Max PriceHK$0.35
BuyHK$681,46428 May 19
ICM Limited
EntityCompany
Shares1,872,000
Max PriceHK$0.36
BuyHK$310,53624 Dec 18
International Value Advisers, LLC
EntityCompany
Shares810,000
Max PriceHK$0.38

Ownership Breakdown


Management Team

  • Shou Kang Wu (79yo)

    Chief Engineer

    • Tenure: 18.6yrs
  • Xun Chen (48yo)

    Executive Vice President

    • Tenure: 8.2yrs
  • Mei Bik Lau

    Qualified Accountant

    • Tenure: 0yrs
  • Guangren Cheng (56yo)

    President & Executive Director

    • Tenure: 11.3yrs
    • Compensation: HK$16.40m
  • Liang Qi (57yo)

    VP & Executive Director

    • Tenure: 11.3yrs
    • Compensation: HK$11.87m
  • Baozhong Huang (56yo)

    Executive Vice President

    • Tenure: 9.1yrs
  • Shirley Lau

    Company Secretary

    • Tenure: 1.8yrs

Board Members

  • Toon Lim (76yo)

    Non-Executive Director

    • Tenure: 22.9yrs
    • Compensation: HK$100.00k
  • Yen-Liang Yin (68yo)

    Non-Executive Director

    • Tenure: 16.7yrs
    • Compensation: HK$100.00k
  • King Man Lui (64yo)

    Independent Non-Executive Director

    • Tenure: 15.1yrs
    • Compensation: HK$200.00k
  • Liguo Cui (49yo)

    Independent Non-Executive Director

    • Tenure: 12.2yrs
    • Compensation: HK$200.00k
  • Sek Kong Lam (59yo)

    Independent Non-Executive Director

    • Tenure: 12.2yrs
    • Compensation: HK$200.00k
  • Guangren Cheng (56yo)

    President & Executive Director

    • Tenure: 11.3yrs
    • Compensation: HK$16.40m
  • Liang Qi (57yo)

    VP & Executive Director

    • Tenure: 11.3yrs
    • Compensation: HK$11.87m
  • Xingguo Meng (64yo)

    Independent Non-Executive Director

    • Tenure: 7.2yrs
    • Compensation: HK$200.00k
  • Zhiheng Fu (50yo)

    Non-Executive Director

    • Tenure: 7.5yrs
  • Zhongbao Li (51yo)

    Chairman

    • Tenure: 1.4yrs

Company Information

APT Satellite Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: APT Satellite Holdings Limited
  • Ticker: ASEJ.F
  • Exchange: OTCPK
  • Founded: 1992
  • Industry: Alternative Carriers
  • Sector: Telecom
  • Market Cap: HK$2.792b
  • Listing Market Cap: HK$356.222m
  • Shares outstanding: 930.81m
  • Website: https://www.apstar.com

Number of Employees


Location

  • APT Satellite Holdings Limited
  • 22 Dai Kwai Street
  • Tai Po Industrial Estate
  • Tai Po
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASEJ.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 1996
1045SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 1996
AY8BST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 1996

Biography

APT Satellite Holdings Limited, an investment holding company, maintains, operates, and provides satellite transponder capacity and related services, satellite-based broadcasting and telecommunications ser ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 23:47
End of Day Share Price2019/09/10 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.