APT Satellite Holdings (1045) AI Stock Analysis

• Market Cap: HK$1.92B
• Dividend Yield: 5.42%
• Average Volume (3M): 539.12K
• Price to Earnings (P/E): 9.4
• Beta (1Y): 0.27
• Revenue Growth: -5.91%
• EPS Growth: -13.64%
• Country: HK
• Employees: 122
• Sector: Communication Services
• Sector Strength: 76
• Industry: Telecommunications Services
• EPS (TTM): 0.11
• Shares Outstanding: 928,572,500
• 10 Day Avg. Volume: 399,912
• 30 Day Avg. Volume: 539,116
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$1.96
• Price Target Upside: -5.20% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: HK$2.00 ▼(-3.38% Downside)

APT Satellite Holdings' strong financial performance, particularly its balance sheet and operational efficiency, heavily influence its score. The valuation is appealing due to a low P/E ratio and high dividend yield, suggesting it may be undervalued. Technical analysis shows moderate performance, with some indicators suggesting potential for upward movement.

APT Satellite Holdings Business Overview & Revenue Model

Company Description

APT Satellite Holdings Limited (1045) is a leading satellite operator headquartered in Hong Kong, specializing in the provision of high-performance satellite transponder services, satellite-based telecommunications solutions, and broadcasting services. The company primarily serves the Asia-Pacific region, offering reliable and efficient satellite capacity for a diverse range of applications, including direct-to-home (DTH) television, video distribution, broadband internet, and mobile backhaul.

How the Company Makes Money

APT Satellite Holdings generates revenue through leasing satellite transponders and providing satellite telecommunications services. Its key revenue streams include the leasing of transponder capacity to broadcasting companies, telecommunications operators, and government entities. The company also earns from providing satellite-based value-added services, such as data broadcasting and satellite uplink services. Strategic partnerships with regional and international clients, along with long-term service agreements, contribute significantly to its earnings. Additionally, APT Satellite Holdings may engage in the sale of satellite-related equipment and offer consultancy services to enhance its revenue portfolio.

APT Satellite Holdings Financial Statement Overview

Summary

APT Satellite Holdings demonstrates strong operational efficiency and a solid balance sheet with low leverage and high equity. However, declining revenues and potential sustainability of cash flows present challenges. The company is well-positioned financially, but it must address revenue growth to sustain long-term profitability.

Income Statement

The company has shown a declining trend in revenue over the years, with a noticeable decrease from HK$1.06 billion in 2019 to HK$784.65 million in 2024. Gross profit margin remains healthy but has slightly decreased over time. Net profit margin is relatively stable, indicating efficient cost management despite revenue declines. EBIT and EBITDA margins are robust, highlighting strong operational efficiency.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio, indicating conservative leverage. The equity ratio is high, reflecting a solid capital structure. However, the total equity has slightly decreased over the years. The company's substantial cash reserves enhance its financial stability and provide a buffer against potential risks.

Cash Flow

Operating cash flow has been sufficient to cover capital expenditures, resulting in positive free cash flow historically. However, the recent year shows zero reported cash flows, which raises concerns about cash generation sustainability. Historically, the company has maintained a strong free cash flow to net income ratio, suggesting good cash conversion.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	784.65M	833.98M	944.30M	927.81M	889.23M
Gross Profit	284.13M	355.56M	455.05M	446.40M	393.82M
EBITDA	572.69M	697.95M	770.61M	785.35M	737.31M
Net Income	205.22M	237.65M	231.61M	263.38M	231.46M
Balance Sheet
Total Assets	6.97B	7.09B	7.13B	7.30B	7.20B
Cash, Cash Equivalents and Short-Term Investments	2.45B	2.15B	1.75B	1.37B	1.29B
Total Debt	111.32M	146.94M	166.79M	182.91M	194.51M
Total Liabilities	877.44M	1.00B	1.06B	1.16B	1.26B
Stockholders Equity	6.09B	6.08B	6.07B	6.13B	5.94B
Cash Flow
Free Cash Flow	416.35M	549.73M	658.64M	598.80M	681.22M
Operating Cash Flow	547.75M	566.91M	661.57M	626.94M	698.03M
Investing Cash Flow	40.59M	-628.12M	-585.52M	-321.52M	-259.00M
Financing Cash Flow	-210.85M	-232.25M	-272.03M	-243.32M	-197.18M

APT Satellite Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.07
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 2.07 is above the 20-day moving average (MA) of 2.01, above the 50-day MA of 1.99, and above the 200-day MA of 2.02, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 53.54 is Neutral, neither overbought nor oversold. The STOCH value of 48.15 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1045	73 Outperform	HK$1.92B	9.37	3.37%	5.42%	-5.91%	-13.64%
Sector *	56 Neutral	HK$63.39B	-0.68	-4.21%	5.27%	-2.16%	-18.87%
CCTTF	―	$1.23B	10.34	8.46%	9.53%	―	―
CUCSF	―	$4.10B	8.28	8.19%	9.94%	―	―
HKBNF	―	$942.22M	35.18	8.30%	6.20%	―	―
HTCTF	―	$669.16M	600.00	0.06%	7.98%	―	―
STTFF	―	$654.96M	8.94	9.25%	7.99%	―	―

APT Satellite Holdings Corporate Events

APT Satellite Holdings to Announce Interim Results and Consider Dividend

APT Satellite Holdings Limited has announced that its board of directors will meet on 22 August 2025 to approve the interim results for the first half of the year and consider recommending an interim dividend. This meeting is significant as it will provide insights into the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.

APT Satellite Holdings Issues Profit Warning Amid Market Challenges

APT Satellite Holdings Limited has issued a profit warning, anticipating a more than 20% drop in profit for the first half of the financial year ending June 30, 2025, compared to the same period last year. This decline is attributed to an oversupply of satellite transponders in the Asia Pacific region, fierce market competition leading to price declines, and rising sublease costs. Despite these challenges, the company remains financially stable and is planning to develop next-generation satellites to improve its competitiveness and service offerings.

APT Satellite Holdings Updates Nomination Committee Terms

APT Satellite Holdings Limited has revised the terms of reference for its Nomination Committee, which is responsible for advising on the Board’s composition and director appointments. The committee’s updated responsibilities include assessing board structure, identifying qualified board candidates, and supporting board performance evaluations, which could enhance the company’s governance and strategic oversight.

APT Satellite Holdings Announces Successful AGM Resolutions

APT Satellite Holdings Limited announced the results of its Annual General Meeting held on May 23, 2025, where all proposed resolutions were passed. Key resolutions included the approval of the audited financial statements, declaration of a final dividend, re-election of directors, re-appointment of auditors, and granting of mandates to the board for share repurchase and issuance. The successful passing of these resolutions reflects strong shareholder support and positions the company for continued operational stability and strategic growth.