APT Satellite Holdings Limited (HK:1045)
:1045
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APT Satellite Holdings
(1045)
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Rating:77Outperform
Price Target:
HK$4.50
â–²(20.32% Upside)
Action:ReiteratedDate:04/23/26
The score is driven primarily by strong financial resilience (very low leverage and solid cash conversion) and favorable technical momentum with price above major moving averages. Valuation is reasonable (low P/E and modest yield), but the overall rating is capped by ongoing revenue decline and weaker margins/free cash flow in 2025.
Positive Factors
Low leverage / strong balance sheet
Very low debt-to-equity (~1%–3%) and a large equity base give the company durable financial flexibility. For a capital-intensive satellite operator, this reduces refinancing risk, lowers interest burden, and supports multi-year capex or satellite replacements without compromising operations.
Negative Factors
Multi-year revenue decline
A persistent multi-year revenue decline, including a ~4.3% drop in 2025, erodes scale in an asset-heavy business. Lower top-line reduces ability to spread fixed satellite and network costs, constrains reinvestment capacity, and can pressurize long-term growth prospects and contract renewal leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt-to-equity (~1%–3%) and a large equity base give the company durable financial flexibility. For a capital-intensive satellite operator, this reduces refinancing risk, lowers interest burden, and supports multi-year capex or satellite replacements without compromising operations.
Read all positive factors
APT Satellite Holdings (1045) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$3.45B
Dividend Yield4.25%
Average Volume (3M)264.71K
Price to Earnings (P/E)18.2
Beta (1Y)0.44
Revenue Growth-5.81%
EPS Growth-31.09%
CountryHK
Employees122
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.07
Shares Outstanding928,572,500
10 Day Avg. Volume265,850
30 Day Avg. Volume264,708
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)0.42
Price to Sales (P/S)3.49
P/FCF Ratio6.58
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)N/A
Revenue Forecast (FY)N/A
APT Satellite Holdings Business Overview & Revenue Model
Company Description
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. It offers a ran...
How the Company Makes Money
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APT Satellite Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 739.09M | 784.65M | 833.98M | 944.30M | 927.81M |
| Gross Profit | 201.86M | 284.13M | 355.56M | 455.05M | 446.40M |
| EBITDA | 498.05M | 572.69M | 697.95M | 770.61M | 745.92M |
| Net Income | 141.78M | 205.22M | 237.65M | 231.61M | 263.38M |
Balance Sheet | |||||
| Total Assets | 6.94B | 6.97B | 7.09B | 7.13B | 7.30B |
| Cash, Cash Equivalents and Short-Term Investments | 2.73B | 2.45B | 2.15B | 1.75B | 1.37B |
| Total Debt | 82.64M | 111.32M | 146.94M | 166.79M | 182.91M |
| Total Liabilities | 779.34M | 877.44M | 1.00B | 1.06B | 1.16B |
| Stockholders Equity | 6.16B | 6.09B | 6.08B | 6.07B | 6.13B |
Cash Flow | |||||
| Free Cash Flow | 392.31M | 416.35M | 549.73M | 658.64M | 598.80M |
| Operating Cash Flow | 439.33M | 455.91M | 566.91M | 661.57M | 626.94M |
| Investing Cash Flow | -391.37M | 40.59M | -628.12M | -585.52M | -321.52M |
| Financing Cash Flow | -111.14M | -210.85M | -232.25M | -272.03M | -243.32M |
APT Satellite Holdings Technical Analysis
Positive
3.74
Price Trends
3.54
Positive
3.24
Positive
2.66
Positive
Market Momentum
0.03
Negative
62.39
Neutral
81.06
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1045, the sentiment is Positive. The current price of 3.74 is above the 20-day moving average (MA) of 3.29, above the 50-day MA of 3.54, and above the 200-day MA of 2.66, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 62.39 is Neutral, neither overbought nor oversold. The STOCH value of 81.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1045.
APT Satellite Holdings Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$3.45B | 18.21 | 2.99% | 4.25% | -5.81% | -31.09% | |
70 Outperform | HK$10.40B | 9.94 | 8.45% | 7.46% | -0.06% | 1.10% | |
70 Outperform | HK$605.44B | 13.34 | 7.19% | 5.40% | 1.29% | -3.41% | |
69 Neutral | HK$29.85B | 1.65 | 7.60% | 5.24% | 0.06% | 78.59% | |
67 Neutral | HK$95.69B | 16.50 | 14.46% | 2.86% | 5.18% | 4.25% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
46 Neutral | HK$47.15B | 34.49 | -2.39% | 1.68% | 7.18% | 15.72% |
* Communication Services Sector Average
HK:1045
APT Satellite Holdings
3.57
1.73
94.55%
HK:1883
CITIC Telecom International Holdings
2.82
0.64
29.36%
HK:0728
China Telecom
5.17
0.09
1.77%
HK:0552
China Communications Services
4.29
0.45
11.81%
HK:6823
HKT and HKT
12.61
2.29
22.19%
HK:0008
PCCW Limited
6.02
1.21
25.16%
APT Satellite Holdings Corporate Events
APT Satellite Sets 2026 AGM to Approve Dividend and Capital Mandates
Apr 20, 2026
APT Satellite Holdings has convened its annual general meeting for 22 May 2026 in Hong Kong, where shareholders will review the audited consolidated financial statements and reports for the year ended 31 December 2025 and vote on a proposed final ...
APT Satellite Reshapes Board as Yan Zhao Steps Down and China Satcom Executive Joins
Mar 25, 2026
APT Satellite Holdings has announced senior management and board changes, with executive director Yan Zhao resigning from the board and its remuneration and nomination committees from 25 March 2026 due to work adjustments, while remaining as a vic...
APT Satellite Reshapes Board and Committees to Bolster Governance
Mar 25, 2026
APT Satellite Holdings Limited has announced an updated composition of its board of directors effective 25 March 2026, specifying executive, non-executive, and independent non-executive roles and designations. The company also detailed refreshed m...
APT Satellite Profit Slumps in 2025 as Dividend Trim Signals Caution
Mar 19, 2026
APT Satellite Holdings reported a weaker set of full-year 2025 results, with revenue falling 5.8% to HK$739.1 million and profit attributable to shareholders dropping 31.1% to HK$141.4 million, reflecting margin pressure despite stable satellite o...
APT Satellite Declares HKD 0.06 Final Dividend for 2025
Mar 19, 2026
APT Satellite Holdings Limited has proposed a final ordinary dividend of HKD 0.06 per share for the financial year ended 31 December 2025, subject to shareholder approval at the annual general meeting scheduled for 22 May 2026. The dividend, payab...
APT Satellite Sets March 2026 Board Meeting to Approve 2025 Results and Consider Dividend
Feb 27, 2026
APT Satellite Holdings has scheduled a board meeting for 19 March 2026 at its Hong Kong principal place of business to review and approve the annual results for the year ended 31 December 2025. The board will also consider whether to recommend a f...
APT Satellite warns of 31% profit drop amid Asia-Pacific capacity glut
Feb 12, 2026
APT Satellite Holdings, a Bermuda-incorporated company listed in Hong Kong, operates in the satellite communications sector, supplying transponder capacity and related services across the Asia-Pacific region. It leverages its own and associates...
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.