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SmarTone Telecommunications Holdings
(0315)
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Rating:73Outperform
Price Target:
HK$5.50
â–²(15.06% Upside)
Action:Reiterated
Date:10/02/26
The score is driven primarily by solid financial health (low and improving leverage, steady operating profitability, and consistently positive free cash flow), supported by attractive income/valuation (high dividend yield and moderate P/E). Technicals are neutral-to-mildly positive rather than strongly bullish, and the recent dip in free cash flow growth is a key item to monitor.
Positive Factors
Conservative, improving leverage
The sharp reduction in debt relative to equity lowers financial risk and gives SmarTone greater flexibility to fund network needs, maintain distributions, or withstand industry pressure. A stronger balance sheet is a durable advantage for a mature telecom operator.
Negative Factors
Free cash flow declined in 2026
The 2026 free-cash-flow decline weakens the pace at which SmarTone can fund investment and shareholder distributions from internal resources. If sustained, it could indicate higher investment requirements or working-capital pressure that reduces financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative, improving leverage
The sharp reduction in debt relative to equity lowers financial risk and gives SmarTone greater flexibility to fund network needs, maintain distributions, or withstand industry pressure. A stronger balance sheet is a durable advantage for a mature telecom operator.
Read all positive factors
SmarTone Telecommunications Holdings (0315) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.30B
Dividend Yield6.65%
Average Volume (3M)470.18K
Price to Earnings (P/E)10.2
Beta (1Y)0.43
Revenue Growth5.60%
EPS Growth9.64%
CountryHK
Employees1,507
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.47
Shares Outstanding1,100,951,700
10 Day Avg. Volume670,891
30 Day Avg. Volume470,183
Financial Highlights & Ratios
PEG Ratio0.83
Price to Book (P/B)0.93
Price to Sales (P/S)0.77
P/FCF Ratio2.92
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 makes money primarily by selling telecommunications services, with revenue largely generated from customer subscriptions and usage on its mobile network. Key revenue streams typically include (1) recurring service fees from monthly mobile...
SmarTone Telecommunications Holdings Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
82
Very Positive
Cash Flow
74
Positive
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.60B | 6.25B | 6.22B | 6.76B | 6.96B |
| Gross Profit | 1.61B | 3.34B | 3.41B | 3.44B | 3.53B |
| EBITDA | 2.39B | 2.44B | 2.43B | 2.46B | 2.42B |
| Net Income | 524.74M | 478.90M | 470.13M | 268.85M | 423.17M |
Balance Sheet | |||||
| Total Assets | 11.32B | 11.31B | 11.18B | 10.90B | 12.58B |
| Cash, Cash Equivalents and Short-Term Investments | 2.59B | 2.31B | 1.68B | 1.18B | 2.20B |
| Total Debt | 759.65M | 877.59M | 963.18M | 852.99M | 2.42B |
| Total Liabilities | 5.84B | 6.00B | 5.99B | 5.81B | 7.43B |
| Stockholders Equity | 5.48B | 5.31B | 5.19B | 5.08B | 5.15B |
Cash Flow | |||||
| Free Cash Flow | 1.75B | 1.61B | 1.56B | 1.55B | 1.32B |
| Operating Cash Flow | 2.30B | 2.20B | 2.16B | 2.25B | 2.04B |
| Investing Cash Flow | -812.30M | -766.65M | -721.91M | 930.98M | -2.62B |
| Financing Cash Flow | -926.94M | -986.24M | -1.02B | -2.42B | -1.12B |
SmarTone Telecommunications Holdings Technical Analysis
Negative
4.78
Price Trends
4.84
Negative
4.81
Positive
4.87
Negative
Market Momentum
>-0.01
Positive
46.01
Neutral
45.01
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 below the 20-day moving average (MA) of 4.83, below the 50-day MA of 4.84, and below the 200-day MA of 4.87, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 46.01 is Neutral, neither overbought nor oversold. The STOCH value of 45.01 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$90.53B | 17.06 | 14.86% | 6.93% | 7.09% | 4.21% | |
73 Outperform | HK$5.30B | 10.23 | 9.66% | 6.65% | 5.60% | 9.64% | |
68 Neutral | HK$157.12B | 6.65 | 6.99% | 9.05% | 3.82% | -22.79% | |
63 Neutral | HK$5.28B | -267.07 | 0.25% | 6.81% | 23.04% | -192.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | HK$38.25B | -453.21 | -40.50% | 7.74% | 7.10% | 70.22% | |
53 Neutral | HK$7.85B | 24.95 | 14.97% | 6.48% | 6.22% | 42.92% |
* Communication Services Sector Average
HK:0315
SmarTone Telecommunications Holdings
4.84
0.31
6.87%
HK:0762
China Unicom (Hong Kong)
5.21
-3.96
-43.17%
HK:1310
HKBN
5.32
-1.17
-18.09%
HK:6823
HKT and HKT
12.15
1.55
14.59%
HK:0215
Hutchison Telecommunications Hong Kong Holdings
1.11
0.09
8.61%
HK:0008
PCCW Limited
5.01
-0.19
-3.62%
SmarTone Telecommunications Holdings Corporate Events
SmarTone Sets AGM to Approve Dividend and Share Issuance Mandate
Sep 30, 2026
SmarTone has called its annual general meeting for 28 October 2026 in Hong Kong, where shareholders will review the audited financial results for the year ended 30 June 2026 and vote on a proposed final dividend of HK$0.175 per share.The agenda al...
SmarTone Plans Bye-law Overhaul to Support Paperless Securities Regime
Sep 30, 2026
SmarTone Telecommunications Holdings has proposed amending its existing second amended and restated bye-laws and adopting a new set of third amended and restated bye-laws. The changes are intended to align the company’s constitutional docume...
SmarTone Declares Final Dividend for FY2025/26
Sep 3, 2026
SmarTone Telecommunications Holdings has proposed a final ordinary cash dividend of HKD 0.175 per share for the financial year ended 30 June 2026, subject to shareholder approval at a meeting scheduled for 28 October 2026. The dividend will be pai...
SmarTone Lifts Profit as 5G, Cost Cuts Offset Service Revenue Decline
Sep 3, 2026
SmarTone Telecommunications Holdings reported profit attributable to equity holders of HK$525 million for 2025/26, a 10% year-on-year rise, with revenue up 6% on an underlying basis to HK$6.6 billion and underlying EBIT up 7% to HK$749 million. De...
SmarTone Sets Board Meeting to Approve 2026 Results and Consider Final Dividend
Aug 20, 2026
SmarTone Telecommunications Holdings Limited has announced that its board of directors will convene on 3 September 2026 to approve the annual results for the year ended 30 June 2026. The meeting will also consider whether to recommend a final divi...
SmarTone Updates Registered Office Address in Bermuda
Aug 3, 2026
SmarTone Telecommunications Holdings Limited has updated the location of its registered office in Bermuda, effective 3 August 2026, moving the corporate registration to Richmond House on Par-la-Ville Road in Hamilton. The address of its principal ...
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.