APT Satellite Holdings (1045) AI Stock Analysis

• Market Cap: $1.81B
• Dividend Yield: 6.67%
• Average Volume (3M): 354.81K
• Price to Earnings (P/E): 8.8
• Beta (1Y): 0.26
• Revenue Growth: -5.91%
• EPS Growth: -13.64%
• Country: HK
• Employees: 122
• Sector: Communication Services
• Sector Strength: 79
• Industry: Telecommunications Services
• EPS (TTM): 0.22
• Shares Outstanding: 928,572,500
• 10 Day Avg. Volume: 363,200
• 30 Day Avg. Volume: 354,808
• PEG Ratio: -0.79
• Price to Book (P/B): 0.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.97
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: HK$2.00 ▲(2.56%Upside)

The overall score is primarily driven by strong financial performance and attractive valuation. Declining revenues and recent cash flow concerns pose risks, though they are mitigated by solid operational efficiency and a strong balance sheet. Technical analysis shows mixed signals, with short-term bullish momentum but longer-term bearish trends.

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 range of C-band and Ku-band transponder leasing services to its broadcast and telecommunication customers; satellite TV broadcasting and multi channel per carrier broadcast platforms services; and teleport and network services, including hub-based and single channel per carrier services. The company also provides data center services that comprise rack leasing, server and equipment hosting, cloud management, IP gateway transit, and customized managed services; offers OTT services. It operates in-orbit satellites consisting of APSTAR-5C, APSTAR-6C, APSTAR-7, and APSTAR-9 in Asia, Australia, the Middle East, Africa, Europe, and the Pacific region. In addition, the company engages in property holding activities; and the provision of management and project management consultancy services. The company was founded in 1992 and is headquartered in Tai Po, Hong Kong. APT Satellite Holdings Limited is a subsidiary of APT Satellite International Company Limited.

How the Company Makes Money

APT Satellite Holdings generates revenue primarily through leasing satellite transponder capacity to broadcasters, telecommunication companies, and other service providers. The company's key revenue streams include long-term and short-term contracts with these clients for satellite transponder services, which enable the transmission of television and radio broadcasting signals, internet connectivity, and voice and data communications. Additionally, APT Satellite Holdings may engage in partnerships or strategic alliances with other telecommunications and broadcasting companies to expand its market reach and enhance service offerings, thereby increasing its earnings potential.

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.

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
	EBIT
294.90M	343.80M	354.17M	369.25M	303.19M
	EBITDA
572.69M	697.95M	770.61M	785.35M	737.31M
	Net Income Common Stockholders
205.22M	237.65M	231.61M	263.38M	231.46M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.45B	2.15B	1.75B	1.37B	1.29B
	Total Assets
6.97B	7.09B	7.13B	7.30B	7.20B
	Total Debt
111.32M	146.94M	166.79M	182.91M	194.51M
	Net Debt
-354.57M	-36.33M	-313.74M	-518.93M	-418.52M
	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: 1.95
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 1.95 is above the 20-day moving average (MA) of 1.92, above the 50-day MA of 1.87, and below the 200-day MA of 2.02, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.83 is Neutral, neither overbought nor oversold. The STOCH value of 48.72 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	$1.81B	8.82	3.37%	6.67%	-5.91%	-13.64%
Sector *	61 Neutral	$14.64B	5.81	-3.99%	6.03%	2.71%	-31.56%
CCTTF		$1.10B	9.42	8.46%	8.11%	―	―
CUCSF		$4.09B	7.64	8.19%	43.15%	―	―
HKBNF		$932.72M	35.18	4.51%	―	―	―
HTCTF		$620.14M	600.00	0.06%	11.10%	―	―
STTFF		$614.39M	8.94	9.25%	8.21%	―	―

APT Satellite Holdings Corporate Events

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.

APT Satellite Holdings Announces Key Resolutions for Upcoming AGM

APT Satellite Holdings Limited has announced its upcoming Annual General Meeting scheduled for May 23, 2025, where shareholders will consider several key resolutions. These include the approval of audited financial statements, declaration of a final dividend, re-election of directors, and the authorization for the board to repurchase up to 10% of the company’s shares. These resolutions are aimed at strengthening the company’s financial position and enhancing shareholder value.

APT Satellite Holdings Reports Decrease in 2024 Revenue and Profit

APT Satellite Holdings Limited reported a decrease in revenue and profit for the year ending December 31, 2024, with revenue dropping by 5.9% and profit before taxation decreasing by 16.4% compared to 2023. Despite these declines, the company continues to operate its in-orbit satellites effectively, maintaining a strong service capability across a vast geographical area. The company declared a final dividend of HK6.50 cents per share, conditional on approval at the upcoming annual general meeting.

APT Satellite Holdings Announces Final Dividend for 2024

APT Satellite Holdings Limited has announced a final ordinary cash dividend of HKD 0.065 per share for the financial year ending December 31, 2024. The dividend reflects the company’s commitment to returning value to its shareholders and is scheduled for payment on June 13, 2025, following shareholder approval on May 23, 2025. This announcement may positively impact investor sentiment and reinforce the company’s stable financial performance.