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Hutchison Telecommunications Hong Kong Holdings

DB:4C6
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4C6
DB
HK$8B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

Hutchison Telecommunications Hong Kong Holdings Limited, an investment holding company, provides mobile communication services. The last earnings update was 95 days ago. More info.


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4C6 Share Price and Events
7 Day Returns
0%
DB:4C6
-3%
Europe Wireless Telecom
0%
DE Market
1 Year Returns
-44.5%
DB:4C6
1.1%
Europe Wireless Telecom
9.9%
DE Market
4C6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hutchison Telecommunications Hong Kong Holdings (4C6) 0% 13.5% 8.6% -44.5% -43.3% -40.6%
Europe Wireless Telecom -3% -3.3% 2.2% 1.1% -14.3% -26.2%
DE Market 0% 4.6% 12.1% 9.9% 14.6% 18.2%
1 Year Return vs Industry and Market
  • 4C6 underperformed the Wireless Telecom industry which returned 1.1% over the past year.
  • 4C6 underperformed the Market in Germany which returned 9.9% over the past year.
Price Volatility
4C6
Industry
5yr Volatility vs Market

4C6 Value

 Is Hutchison Telecommunications Hong Kong Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hutchison Telecommunications Hong Kong Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hutchison Telecommunications Hong Kong Holdings.

DB:4C6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:4C6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Wireless Telecom Unlevered Beta Simply Wall St/ S&P Global 0.34
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.337 (1 + (1- 25%) (6.19%))
0.566
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 6.65%)
5.55%

Discounted Cash Flow Calculation for DB:4C6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Hutchison Telecommunications Hong Kong Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:4C6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 5.55%)
2020 508.50 Analyst x2 481.77
2021 2,981.00 Analyst x1 2,675.85
2022 4,780.21 Est @ 60.36% 4,065.34
2023 6,803.09 Est @ 42.32% 5,481.58
2024 8,822.98 Est @ 29.69% 6,735.43
2025 10,662.74 Est @ 20.85% 7,712.03
2026 12,226.40 Est @ 14.66% 8,378.16
2027 13,489.85 Est @ 10.33% 8,758.04
2028 14,474.88 Est @ 7.3% 8,903.58
2029 15,224.65 Est @ 5.18% 8,872.52
Present value of next 10 years cash flows HK$62,064.00
DB:4C6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$15,224.65 × (1 + 0.23%) ÷ (5.55% – 0.23%)
HK$286,830.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$286,830.05 ÷ (1 + 5.55%)10
HK$167,157.00
DB:4C6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$62,064.00 + HK$167,157.00
HK$229,221.00
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$229,221.00 / 4,819.10
HK$47.57
DB:4C6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4C6 represents 0.11132x of SEHK:215
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11132x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 47.57 x 0.11132
€5.29
Value per share (EUR) From above. €5.29
Current discount Discount to share price of €0.18
= -1 x (€0.18 - €5.29) / €5.29
96.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hutchison Telecommunications Hong Kong Holdings is available for.
Intrinsic value
>50%
Share price is €0.18 vs Future cash flow value of €5.29
Current Discount Checks
For Hutchison Telecommunications Hong Kong Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hutchison Telecommunications Hong Kong Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hutchison Telecommunications Hong Kong Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hutchison Telecommunications Hong Kong Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hutchison Telecommunications Hong Kong Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4C6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.08
SEHK:215 Share Price ** SEHK (2019-11-18) in HKD HK$1.59
Europe Wireless Telecom Industry PE Ratio Median Figure of 7 Publicly-Listed Wireless Telecom Companies 22.75x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 20.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hutchison Telecommunications Hong Kong Holdings.

DB:4C6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:215 Share Price ÷ EPS (both in HKD)

= 1.59 ÷ 0.08

19.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hutchison Telecommunications Hong Kong Holdings is good value based on earnings compared to the Europe Wireless Telecom industry average.
  • Hutchison Telecommunications Hong Kong Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Hutchison Telecommunications Hong Kong Holdings's expected growth come at a high price?
Raw Data
DB:4C6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-14.5%per year
Europe Wireless Telecom Industry PEG Ratio Median Figure of 5 Publicly-Listed Wireless Telecom Companies 2.38x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:4C6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.45x ÷ -14.5%

-1.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hutchison Telecommunications Hong Kong Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hutchison Telecommunications Hong Kong Holdings's assets?
Raw Data
DB:4C6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$2.46
SEHK:215 Share Price * SEHK (2019-11-18) in HKD HK$1.59
Europe Wireless Telecom Industry PB Ratio Median Figure of 9 Publicly-Listed Wireless Telecom Companies 1.82x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.84x
DB:4C6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:215 Share Price ÷ Book Value per Share (both in HKD)

= 1.59 ÷ 2.46

0.65x

* Primary Listing of Hutchison Telecommunications Hong Kong Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hutchison Telecommunications Hong Kong Holdings is good value based on assets compared to the Europe Wireless Telecom industry average.
X
Value checks
We assess Hutchison Telecommunications Hong Kong Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Wireless Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Wireless Telecom industry average (and greater than 0)? (1 check)
  5. Hutchison Telecommunications Hong Kong Holdings has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

4C6 Future Performance

 How is Hutchison Telecommunications Hong Kong Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hutchison Telecommunications Hong Kong Holdings expected to grow at an attractive rate?
  • Hutchison Telecommunications Hong Kong Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Hutchison Telecommunications Hong Kong Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Hutchison Telecommunications Hong Kong Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4C6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4C6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -14.5%
DB:4C6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 1.5%
Europe Wireless Telecom Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Europe Wireless Telecom Industry Revenue Growth Rate Market Cap Weighted Average 1.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:4C6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4C6 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 6,962 2,388 277 7
2020-12-31 6,925 1,078 348 8
2019-12-31 7,085 1,143 382 1
2019-11-18
DB:4C6 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 6,406 925 394
2019-03-31 7,159 721 399
2018-12-31 7,912 517 404
2018-09-30 7,784 -340
2018-06-30 7,656 1,077 -1,083
2018-03-31 7,204 1,510 -1,126
2017-12-31 6,752 1,943 -1,169
2017-06-30 6,080 2,104 50
2017-03-31 7,206 2,279 175
2016-12-31 8,332 2,453 300
2016-09-30 14,230 2,294 728

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hutchison Telecommunications Hong Kong Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hutchison Telecommunications Hong Kong Holdings's revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:4C6 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Hutchison Telecommunications Hong Kong Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4C6 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.06 0.07 0.04 6.00
2020-12-31 0.07 0.08 0.06 6.00
2019-12-31 0.07 0.08 0.07 4.00
2019-11-18
DB:4C6 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.08
2019-03-31 0.08
2018-12-31 0.08
2018-09-30 -0.07
2018-06-30 -0.22
2018-03-31 -0.23
2017-12-31 -0.24
2017-06-30 0.01
2017-03-31 0.04
2016-12-31 0.06
2016-09-30 0.15

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Hutchison Telecommunications Hong Kong Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Hutchison Telecommunications Hong Kong Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hutchison Telecommunications Hong Kong Holdings has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

4C6 Past Performance

  How has Hutchison Telecommunications Hong Kong Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hutchison Telecommunications Hong Kong Holdings's growth in the last year to its industry (Wireless Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hutchison Telecommunications Hong Kong Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Hutchison Telecommunications Hong Kong Holdings has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Hutchison Telecommunications Hong Kong Holdings has become profitable in the last year making it difficult to compare the Europe Wireless Telecom industry average.
Earnings and Revenue History
Hutchison Telecommunications Hong Kong Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hutchison Telecommunications Hong Kong Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4C6 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 6,406.00 394.00 458.00
2019-03-31 7,159.00 399.00 458.00
2018-12-31 7,912.00 404.00 458.00
2018-09-30 7,784.00 -339.50 450.50
2018-06-30 7,656.00 -1,083.00 443.00
2018-03-31 7,204.00 -1,126.00 443.00
2017-12-31 6,752.00 -1,169.00 443.00
2017-06-30 6,080.00 50.00 479.00
2017-03-31 7,206.00 175.00 479.00
2016-12-31 8,332.00 300.00 479.00
2016-09-30 14,230.00 728.00 906.00
2016-06-30 16,391.00 769.00 1,145.00
2016-03-31 19,216.50 842.00 1,145.00
2015-12-31 22,042.00 915.00 1,145.00
2015-09-30 21,565.50 966.50 1,149.00
2015-06-30 21,089.00 1,018.00 1,153.00
2015-03-31 18,692.50 925.50 1,153.00
2014-12-31 16,296.00 833.00 1,153.00
2014-09-30 14,575.50 750.00 1,116.50
2014-06-30 12,855.00 667.00 1,080.00
2014-03-31 12,816.00 791.50 1,080.00
2013-12-31 12,777.00 916.00 1,080.00
2013-09-30 13,866.00 1,070.50 1,058.00
2013-06-30 14,955.00 1,225.00 1,036.00
2013-03-31 15,245.50 1,220.00 1,036.00
2012-12-31 15,536.00 1,215.00 1,036.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hutchison Telecommunications Hong Kong Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hutchison Telecommunications Hong Kong Holdings used its assets less efficiently than the Europe Wireless Telecom industry average last year based on Return on Assets.
  • Hutchison Telecommunications Hong Kong Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Hutchison Telecommunications Hong Kong Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Wireless Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hutchison Telecommunications Hong Kong Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

4C6 Health

 How is Hutchison Telecommunications Hong Kong Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Hutchison Telecommunications Hong Kong Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hutchison Telecommunications Hong Kong Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hutchison Telecommunications Hong Kong Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Hutchison Telecommunications Hong Kong Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Hutchison Telecommunications Hong Kong Holdings has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hutchison Telecommunications Hong Kong Holdings Company Filings, last reported 4 months ago.

DB:4C6 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 11,855.00 0.00 5,353.00
2019-03-31 11,855.00 0.00 5,353.00
2018-12-31 16,147.00 0.00 9,555.00
2018-09-30 16,147.00 0.00 9,555.00
2018-06-30 16,082.00 0.00 9,491.00
2018-03-31 16,082.00 0.00 9,491.00
2017-12-31 15,955.00 3,900.00 13,717.00
2017-06-30 12,012.00 4,874.00 359.00
2017-03-31 12,012.00 4,874.00 359.00
2016-12-31 12,061.00 5,010.00 357.00
2016-09-30 12,156.00 4,467.00 237.00
2016-06-30 12,014.00 3,967.00 1,362.00
2016-03-31 12,014.00 3,967.00 1,362.00
2015-12-31 12,091.00 3,962.00 1,021.00
2015-09-30 12,091.00 3,962.00 1,021.00
2015-06-30 11,890.00 3,957.00 1,147.00
2015-03-31 11,890.00 3,957.00 1,147.00
2014-12-31 11,709.00 3,952.00 359.00
2014-09-30 11,709.00 3,952.00 359.00
2014-06-30 11,303.00 4,081.00 287.00
2014-03-31 11,303.00 4,081.00 287.00
2013-12-31 11,336.00 4,571.00 209.00
2013-09-30 11,336.00 4,571.00 209.00
2013-06-30 11,152.00 4,307.00 249.00
2013-03-31 11,152.00 4,307.00 249.00
2012-12-31 11,091.00 3,746.00 182.00
  • Hutchison Telecommunications Hong Kong Holdings has no debt.
  • Hutchison Telecommunications Hong Kong Holdings has no debt compared to 5 years ago when it was 36.1%.
  • Hutchison Telecommunications Hong Kong Holdings has no debt, it does not need to be covered by operating cash flow.
  • Hutchison Telecommunications Hong Kong Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Hutchison Telecommunications Hong Kong Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hutchison Telecommunications Hong Kong Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

4C6 Dividends

 What is Hutchison Telecommunications Hong Kong Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.86%
Current annual income from Hutchison Telecommunications Hong Kong Holdings dividends. Estimated to be 3.27% next year.
If you bought €2,000 of Hutchison Telecommunications Hong Kong Holdings shares you are expected to receive €77 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hutchison Telecommunications Hong Kong Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.33%).
  • Hutchison Telecommunications Hong Kong Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:4C6 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Europe Wireless Telecom Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.3%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:4C6 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.04 7.00
2020-12-31 0.06 8.00
2019-12-31 0.06 5.00
2019-11-18
DB:4C6 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-07-30 0.061 4.297
2019-03-27 0.063 2.876
2019-02-28 0.063 1.961
2018-07-25 0.077 2.574
2018-02-26 0.085 2.995
2017-03-30 0.109 3.903
2017-02-28 0.109 4.719
2016-03-31 0.142 5.409
2016-02-29 0.142 5.231
2015-03-26 0.130 4.322
2015-02-16 0.130 3.478
2014-08-04 0.123 3.832
2014-04-03 0.143 4.917
2014-02-24 0.143 5.361
2013-04-02 0.191 5.522
2013-03-19 0.191 4.927
2012-08-13 0.168 4.818
2012-03-20 0.159 4.530
2011-08-01 0.120 3.978
2011-03-23 0.102 4.175
2010-08-02 0.095 3.971
2010-03-30 0.123 7.649
2009-08-26 0.022 1.726
2009-08-13 0.011 0.953

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hutchison Telecommunications Hong Kong Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.4x coverage).
X
Income/ dividend checks
We assess Hutchison Telecommunications Hong Kong Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hutchison Telecommunications Hong Kong Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hutchison Telecommunications Hong Kong Holdings has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

4C6 Management

 What is the CEO of Hutchison Telecommunications Hong Kong Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kenny Koo
AGE 46
TENURE AS CEO 1.3 years
CEO Bio

Mr. Sing Fai Koo, also known as Kenny, has been Executive Director and Chief Executive Officer of Hutchison Telecommunications Hong Kong Holdings Limited since August 1, 2018. Mr. Koo joined the group of HWL in August 2006 and served as a Director of Enterprise & International Business (Mobile) at Hutchison Telecommunications Hong Kong Holdings Ltd. since January 2014. Mr. Koo is responsible for corporate market and international services, business and development aspects of mobile business. He has more than 23 years of experience in telecommunications. He holds a Bachelor of Science degree in Computer Science.

CEO Compensation
  • Insufficient data for Kenny to compare compensation growth.
  • Insufficient data for Kenny to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Hutchison Telecommunications Hong Kong Holdings management team in years:

7.2
Average Tenure
55
Average Age
  • The average tenure for the Hutchison Telecommunications Hong Kong Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Edith Shih

TITLE
Company Secretary & Non-Executive Director
COMPENSATION
HK$70K
AGE
67
TENURE
12 yrs

Kenny Koo

TITLE
CEO & Executive Director
AGE
46
TENURE
1.3 yrs

Suzanne Cheng

TITLE
Chief Financial Officer
AGE
44
TENURE
7.2 yrs

Daniel Chung

TITLE
Chief Technology Officer
AGE
51

Christopher Sanderson

TITLE
Director of Legal Services & Regulatory
AGE
54
TENURE
7.2 yrs

Edward Wong

TITLE
HR & Organisational Development Director
AGE
56
TENURE
7.8 yrs

Wai Ming Ho

TITLE
Chief Executive Officer of Macau - Mobile
AGE
65
TENURE
11.6 yrs

Raymond Ho

TITLE
Director of Brand Management & Digital Marketing
AGE
56
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the Hutchison Telecommunications Hong Kong Holdings board of directors in years:

10.6
Average Tenure
66.5
Average Age
  • The average tenure for the Hutchison Telecommunications Hong Kong Holdings board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Canning Fok

TITLE
Chairman
COMPENSATION
HK$90K
AGE
68
TENURE
10.7 yrs

Kenny Koo

TITLE
CEO & Executive Director
AGE
46
TENURE
1.3 yrs

Dennis Lui

TITLE
Co-Deputy Chairman
COMPENSATION
HK$70K
AGE
68
TENURE
10.7 yrs

Cliff Woo

TITLE
Co-Deputy Chairman
COMPENSATION
HK$10M
AGE
65
TENURE
1.3 yrs

Edith Shih

TITLE
Company Secretary & Non-Executive Director
COMPENSATION
HK$70K
AGE
67
TENURE
2.8 yrs

Henry Cheong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$160K
AGE
72
TENURE
10.6 yrs

David Lan

TITLE
Independent Non-Executive Director
COMPENSATION
HK$160K
AGE
79
TENURE
10.6 yrs

Dominic Lai

TITLE
Non-Executive Director
COMPENSATION
HK$70K
AGE
65
TENURE
10.7 yrs

Rosanna Wong

TITLE
Independent Non-Executive Director
COMPENSATION
HK$140K
AGE
66
TENURE
10.6 yrs

Gerald Ma

TITLE
Non Executive Director
AGE
52
TENURE
10.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Hutchison Telecommunications Hong Kong Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hutchison Telecommunications Hong Kong Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

4C6 News

Simply Wall St News

4C6 Company Info

Description

Hutchison Telecommunications Hong Kong Holdings Limited, an investment holding company, provides mobile communication services. It offers 4G long term evolution, 3G, and GSM dual-band mobile telecommunications services under the 3 brand. The company’s mobile telecommunications services and products include local voice, SMS, MMS, international direct dialing, and international roaming; and broadband-based data services and applications, such as direct carrier billing offerings, mobile device security management, e-Books, music downloads, movies-on-demand, mobile social networking applications, and stock trading, as well as Wi-Fi services. In addition, the company is involved in the provision of management and treasury, support, and information technology services; and telecommunications retail operations. As of December 31, 2018, it served approximately 3.3 million customers in Hong Kong and Macau. The company was incorporated in 2007 and is headquartered in Central, Hong Kong. Hutchison Telecommunications Hong Kong Holdings Limited is a subsidiary of CK Hutchison Holdings Limited.

Details
Name: Hutchison Telecommunications Hong Kong Holdings Limited
4C6
Exchange: DB
Founded: 2007
HK$882,928,985
4,819,096,208
Website: http://www.hthkh.com
Address: Hutchison Telecommunications Hong Kong Holdings Limited
Cheung Kong Center,
48th Floor,
Central,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 215 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 08. May 2009
OTCPK HTCT.F Ordinary Shares Pink Sheets LLC US USD 08. May 2009
DB 4C6 Ordinary Shares Deutsche Boerse AG DE EUR 08. May 2009
SHSC 215 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 08. May 2009
SZSC 215 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 08. May 2009
OTCPK HUTC.Y ADR Pink Sheets LLC US USD 24. Apr 2019
Number of employees
Current staff
Staff numbers
1,143
Hutchison Telecommunications Hong Kong Holdings employees.
Industry
Wireless Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 21:18
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/03
Last earnings filing: 2019/08/15
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.