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APT Satellite Holdings
(1045)
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Rating:61Neutral
Price Target:
HK$2.50
â–²(25.00% Upside)
Action:Downgraded
Date:06/16/26
The score is anchored by solid financial stability (low leverage and good cash conversion), but is held back by weakening operating performance (declining revenue and 2025 margin/earnings pressure) and a clearly bearish technical trend. Valuation and dividend yield provide moderate support, but not enough to outweigh the fundamental and momentum headwinds.
Positive Factors
Very low leverage
Minimal leverage gives APT Satellite substantial financial flexibility and reduces exposure to interest costs or refinancing pressure. This strengthens resilience through weaker operating periods and preserves capacity to maintain satellite services, fund investment, or support customers without relying heavily on external debt.
Negative Factors
Persistent revenue decline
Repeated revenue contraction signals that the company is not currently expanding its top line, despite operating in a connectivity market with recurring service opportunities. Continued decline can reduce scale benefits, weaken bargaining power, and make it harder to sustain investment in the satellite fleet.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage
Minimal leverage gives APT Satellite substantial financial flexibility and reduces exposure to interest costs or refinancing pressure. This strengthens resilience through weaker operating periods and preserves capacity to maintain satellite services, fund investment, or support customers without relying heavily on external debt.
Read all positive factors
APT Satellite Holdings (1045) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.95B
Dividend Yield3.84%
Average Volume (3M)2.44M
Price to Earnings (P/E)15.4
Beta (1Y)0.56
Revenue Growth-7.25%
EPS Growth-26.17%
CountryHK
Employees127
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.14
Shares Outstanding928,572,500
10 Day Avg. Volume2,081,810
30 Day Avg. Volume2,440,488
Financial Highlights & Ratios
PEG Ratio-0.58
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
As an investment holding company, APT Satellite Holdings Limited specializes in operating and delivering satellite communication services. Its primary activities encompass managing and supplying satellite transponder capacity, related support, and...
How the Company Makes Money
APT Satellite Holdings (1045) primarily makes money by monetizing satellite capacity and delivering satellite communication services to customers that need reliable coverage across large geographies where terrestrial networks are limited or where ...
APT Satellite Holdings Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 716.50M | 739.09M | 784.65M | 833.98M | 944.30M | 927.81M |
| Gross Profit | 194.42M | 201.86M | 284.13M | 355.56M | 455.05M | 446.40M |
| EBITDA | 491.77M | 498.05M | 572.69M | 697.95M | 770.61M | 745.92M |
| Net Income | 133.62M | 141.78M | 205.22M | 237.65M | 231.61M | 263.38M |
Balance Sheet | ||||||
| Total Assets | 7.02B | 6.94B | 6.97B | 7.09B | 7.13B | 7.30B |
| Cash, Cash Equivalents and Short-Term Investments | 2.79B | 2.73B | 2.45B | 2.15B | 1.75B | 1.37B |
| Total Debt | 120.91M | 82.64M | 111.32M | 146.94M | 166.79M | 182.91M |
| Total Liabilities | 817.48M | 779.34M | 877.44M | 1.00B | 1.06B | 1.16B |
| Stockholders Equity | 6.20B | 6.16B | 6.09B | 6.08B | 6.07B | 6.13B |
Cash Flow | ||||||
| Free Cash Flow | 368.97M | 392.31M | 416.35M | 549.73M | 658.64M | 598.80M |
| Operating Cash Flow | 411.90M | 439.33M | 455.91M | 566.91M | 661.57M | 626.94M |
| Investing Cash Flow | -493.40M | -391.37M | 40.59M | -628.12M | -585.52M | -321.52M |
| Financing Cash Flow | -94.31M | -111.14M | -210.85M | -232.25M | -272.03M | -243.32M |
APT Satellite Holdings Technical Analysis
Neutral
2.00
Price Trends
2.15
Positive
2.71
Negative
2.93
Negative
Market Momentum
-0.02
Negative
57.39
Neutral
71.87
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1045, the sentiment is Neutral. The current price of 2 is below the 20-day moving average (MA) of 2.08, below the 50-day MA of 2.15, and below the 200-day MA of 2.93, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 57.39 is Neutral, neither overbought nor oversold. The STOCH value of 71.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$93.95B | 17.71 | 14.86% | 6.68% | 7.09% | 4.21% | |
70 Outperform | HK$638.56B | 19.63 | 6.40% | 6.32% | 0.29% | -9.25% | |
68 Neutral | HK$8.85B | 9.64 | 8.37% | 7.47% | 0.18% | 0.65% | |
68 Neutral | HK$27.57B | 3.91 | 7.10% | 6.32% | 0.21% | -0.68% | |
61 Neutral | HK$1.95B | 15.39 | 2.16% | 3.84% | -7.25% | -26.17% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | HK$41.19B | -493.58 | -6.77% | 7.11% | 7.10% | 70.22% |
* Communication Services Sector Average
HK:1045
APT Satellite Holdings
2.22
0.11
5.23%
HK:1883
CITIC Telecom International Holdings
2.41
0.10
4.51%
HK:0728
China Telecom
4.58
-0.80
-14.81%
HK:0552
China Communications Services
4.07
-0.24
-5.53%
HK:6823
HKT and HKT
12.40
1.54
14.22%
HK:0008
PCCW Limited
5.38
0.49
10.04%
APT Satellite Holdings Corporate Events
APT Satellite reshapes board with new independent director after retirement
Aug 21, 2026
APT Satellite Holdings has announced changes to its board, with independent non-executive director Dr. Lam Sek Kong stepping down from the board and its key committees effective 21 August 2026 due to retirement, with the company noting there is no...
APT Satellite Reshapes Board and Committees to Strengthen Governance
Aug 21, 2026
APT Satellite Holdings Limited has updated the composition of its board of directors with effect from 21 August 2026, detailing the roles of executive, non-executive and independent non-executive members, including the appointment of Mr. Sun Jing ...
APT Satellite Posts Lower Interim Profit and Trims Dividend as Transponder Revenue Declines
Aug 20, 2026
APT Satellite Holdings reported unaudited interim revenue of HK$357.1 million for the six months to 30 June 2026, down 5.95% year-on-year, mainly due to lower income from satellite transponder capacity, with profit attributable to equity sharehold...
APT Satellite Declares Interim Dividend for First Half of 2026
Aug 20, 2026
APT Satellite Holdings has declared an interim ordinary cash dividend of HKD 0.02 per share for the six months ended 30 June 2026, payable in Hong Kong dollars to shareholders on 14 October 2026. The ex-dividend date is set for 21 September 2026, ...
APT Satellite Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 3, 2026
APT Satellite Holdings has scheduled a board meeting for 20 August 2026 to review and approve the interim results for the six months ended 30 June 2026, covering the performance of the company and its subsidiaries. The board will also consider whe...
APT Satellite Updates Registered Office Address in Bermuda
Jul 21, 2026
APT Satellite Holdings has announced an administrative change to its corporate structure, confirming that its registered office in Bermuda will move to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08, with effect from 3 August 2026. The chang...
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.