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1045.HK$3.19-2.45%
Fair $3.19+0.0%

1045.HK

APT Satellite Holdings Limited

Communication Services / Telecom ServicesHKSE

$3.19

-0.08 (-2.45%)

Fairly Valued+0.0%Fair Value $3.19Fund rank 39/100 · Data gapFallback financials|
SA 46/C
F-Score: 4/9
Declining RevenueLow Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $549.7M · quality 85.7/100

Data gap 39/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 88/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

46/100

C

Piotroski

4/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 2unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Sector-specific holding-company NAV/SOTP model required: targets are disabled until look-through holdings, debt and discount data exists. Revenue has declined for 2 consecutive years ROE is 3.4%, below the 5% threshold
Thesis & Journal · 1045.HKLocal privado en este navegador · APT Satellite Holdings Limited
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$3.0B

P/E

21.3x

↑

EV/EBITDA

4.0x

↓

ROE

3.4%

↓

Gross Margin

36.2%

↓

Debt/Equity

0.02

↓
52-Week Range$3
$2$5

TradingView lightweight chart

1045.HK price, volumen y niveles de valoración

Último $3.190Periodo +46.5%
Fair value: $3.190

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2021–2024 · 3 años de histórico normalizado

Revenue CAGR

-5.4%

FCF CAGR

-11.4%

FCF margin

53.1%

FCF / Net income

2.03x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $784.6M · net income $205.2M · FCF $416.4M

2021-FY → 2024-FY

Gross margin

36.2%-11.9% pts

Operating margin

23.4%-11.7% pts

Net margin

26.2%-2.2% pts

FCF margin

53.1%-11.5% pts
MetricTTM
2024
2023
2022
2021
Income Statement
Revenue$784.6M$784.6M$834.0M$944.3M$927.8M
Net Income$205.2M$205.2M$237.7M$231.6M$263.4M
EBITDA$657.0M$657.0M$697.9M$712.7M$741.6M
EPS0.220.220.260.250.28
Gross Margin36.2%36.2%42.6%48.2%48.1%
Operating Margin23.4%23.4%30.7%36.6%35.1%
Net Margin26.2%26.2%28.5%24.5%28.4%
Balance Sheet
Debt/Equity0.020.020.020.030.03
Current Ratio13.8213.82———
Cash Flow
Free Cash Flow$416.4M$416.4M$549.7M$658.6M$598.8M
Returns
ROE3.4%3.4%3.9%3.8%4.3%
Valuation
P/E21.2721.278.568.548.25
EV/EBITDA3.973.972.862.332.23
P/B0.490.490.330.330.35
Growth & Yield
Revenue Growth-5.9%-5.9%-11.7%1.8%—
EPS Growth-13.6%-13.6%2.6%-12.1%—
Dividend Yield2.6%2.6%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

8.6%

razonable

EPS terminal req.

$0.28

Spread vs growth

-22.2%

5Y implied EPS CAGR

9.2%

razonable

EPS terminal req.

$0.34

Spread vs growth

-22.8%

10Y implied EPS CAGR

9.6%

razonable

EPS terminal req.

$0.55

Spread vs growth

-23.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +66.2%

Total return

+66.2%

Start / end P/E

7.6x → 14.4x

EPS bridge

0.26 → 0.22

Residual

-12.2%

EPS growth-13.6%
Multiple rerating+89.4%
Dividend+2.6%
Residual / FX / buybacks / cross-term-12.2%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.