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SmarTone Telecommunications Holdings
(0315)
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Rating:70Outperform
Price Target:
HK$5.50
â–²(15.06% Upside)
Action:Reiterated
Date:06/14/26
The score is driven primarily by steady financial performance and a stronger, low-leverage balance sheet, supported by consistent cash generation. Valuation adds a positive boost due to the high dividend yield and reasonable P/E. Offsetting these strengths, technical indicators point to weak near-term momentum with the price below key moving averages and a negative MACD.
Positive Factors
Margin Strength
SmarTone's consistently high gross margins and steady EBIT margins reflect durable pricing power and efficient network economics. These margins support sustainable operating cash generation, helping fund capex and dividends even if top-line growth remains muted over the next several months.
Negative Factors
Stagnant Revenue Trend
Multi-year flat-to-declining revenue constrains long-term earnings growth and limits upside from operational leverage. Without new services, market share gains, or M&A, sustainable revenue expansion is uncertain, which caps organic growth potential over a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Strength
SmarTone's consistently high gross margins and steady EBIT margins reflect durable pricing power and efficient network economics. These margins support sustainable operating cash generation, helping fund capex and dividends even if top-line growth remains muted over the next several months.
Read all positive factors
SmarTone Telecommunications Holdings (0315) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.26B
Dividend Yield6.74%
Average Volume (3M)902.07K
Price to Earnings (P/E)10.6
Beta (1Y)0.28
Revenue Growth0.01%
EPS Growth4.19%
CountryHK
Employees1,553
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.45
Shares Outstanding1,100,951,700
10 Day Avg. Volume595,640
30 Day Avg. Volume902,070
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.92
Price to Sales (P/S)0.78
P/FCF Ratio3.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.51
Revenue Forecast (FY)HK$6.13B
SmarTone Telecommunications Holdings Business Overview & Revenue Model
Company Description
SmarTone Telecommunications Holdings Limited functions as an investment holding enterprise, delivering a comprehensive array of telecommunication services throughout Hong Kong and Macau. Its diverse service portfolio includes voice communication, ...
How the Company Makes Money
SmarTone primarily makes money by selling mobile telecommunications services. Key revenue streams typically include (1) service revenue from customers’ recurring mobile plans (including voice, SMS, and, most importantly, data usage/entitlements), ...
SmarTone Telecommunications Holdings Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
78
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.32B | 6.25B | 6.22B | 6.76B | 6.96B | 6.72B |
| Gross Profit | 2.42B | 3.34B | 3.41B | 3.44B | 3.53B | 3.44B |
| EBITDA | 2.05B | 1.75B | 2.43B | 2.46B | 2.50B | 2.46B |
| Net Income | 500.57M | 478.90M | 470.13M | 268.85M | 423.17M | 444.62M |
Balance Sheet | ||||||
| Total Assets | 11.35B | 11.31B | 11.18B | 10.90B | 12.58B | 10.65B |
| Cash, Cash Equivalents and Short-Term Investments | 2.44B | 2.31B | 1.68B | 1.18B | 2.20B | 2.16B |
| Total Debt | 797.35M | 877.59M | 963.18M | 852.99M | 2.42B | 2.49B |
| Total Liabilities | 5.96B | 6.00B | 5.99B | 5.81B | 7.43B | 5.55B |
| Stockholders Equity | 5.39B | 5.31B | 5.19B | 5.08B | 5.15B | 5.12B |
Cash Flow | ||||||
| Free Cash Flow | 1.99B | 1.61B | 1.56B | 1.55B | 1.32B | 1.57B |
| Operating Cash Flow | 2.59B | 2.20B | 2.16B | 2.25B | 2.04B | 2.42B |
| Investing Cash Flow | -842.08M | -766.65M | -721.91M | 930.98M | -2.62B | -1.14B |
| Financing Cash Flow | -958.39M | -986.24M | -1.02B | -2.42B | -1.12B | -1.32B |
SmarTone Telecommunications Holdings Technical Analysis
Negative
4.78
Price Trends
4.86
Negative
4.95
Negative
4.77
Negative
Market Momentum
-0.02
Negative
47.74
Neutral
67.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0315, the sentiment is Negative. The current price of 4.78 is above the 20-day moving average (MA) of 4.70, below the 50-day MA of 4.86, and above the 200-day MA of 4.77, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 47.74 is Neutral, neither overbought nor oversold. The STOCH value of 67.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0315.
SmarTone Telecommunications Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$5.26B | 10.56 | 9.36% | 6.79% | 0.01% | 4.19% | |
67 Neutral | HK$195.22B | 8.88 | 6.09% | 5.29% | 0.68% | 0.64% | |
67 Neutral | HK$93.11B | 17.83 | 14.46% | 2.86% | 5.18% | 4.25% | |
63 Neutral | HK$5.54B | -221.15 | 0.20% | 6.40% | 13.93% | -533.33% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | HK$8.61B | 41.75 | 9.40% | 5.45% | 8.01% | 58.51% | |
46 Neutral | HK$44.21B | -175.23 | -2.39% | 1.68% | 7.18% | 15.72% |
* Communication Services Sector Average
HK:0315
SmarTone Telecommunications Holdings
4.75
0.38
8.70%
HK:0762
China Unicom (Hong Kong)
6.54
-2.37
-26.62%
HK:1310
HKBN
5.87
1.11
23.32%
HK:6823
HKT and HKT
12.30
0.58
4.90%
HK:0215
Hutchison Telecommunications Hong Kong Holdings
1.15
0.12
11.65%
HK:0008
PCCW Limited
5.73
0.33
6.01%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.