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HKT Trust and HKT

DB:4HK
Snowflake Description

Acceptable track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4HK
DB
HK$90B
Market Cap
  1. Home
  2. DE
  3. Telecom
Company description

HKT Trust and HKT Limited provides telecommunications services in Hong Kong, Mainland China, and internationally. The last earnings update was 6 days ago. More info.


Add to Portfolio Compare Print
  • HKT Trust and HKT is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
4HK Share Price and Events
7 Day Returns
14.6%
DB:4HK
0.7%
DE Telecom
-0.6%
DE Market
1 Year Returns
-
DB:4HK
-22.4%
DE Telecom
-20.9%
DE Market
4HK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HKT Trust and HKT (4HK) 14.6% 2.3% 6.2% - - -
DE Telecom 0.7% -17.7% -18.7% -22.4% -31.8% -37.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • No trading data on 4HK.
  • No trading data on 4HK.
Price Volatility
4HK
Industry
5yr Volatility vs Market

4HK Value

 Is HKT Trust and HKT 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 HKT Trust and HKT 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 HKT Trust and HKT.

DB:4HK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:4HK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.355 (1 + (1- 25%) (47.8%))
0.653
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)
= -0.39% + (0.8 * 6.07%)
4.47%

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

The calculations below outline how an intrinsic value for HKT Trust and HKT 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:4HK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 4.47%)
2020 7,242.67 Analyst x3 6,933.04
2021 8,666.67 Analyst x3 7,941.49
2022 7,783.00 Analyst x3 6,826.88
2023 7,235.06 Est @ -7.04% 6,074.95
2024 6,870.04 Est @ -5.05% 5,521.85
2025 6,619.38 Est @ -3.65% 5,092.93
2026 6,442.58 Est @ -2.67% 4,744.99
2027 6,314.58 Est @ -1.99% 4,451.90
2028 6,219.38 Est @ -1.51% 4,197.32
2029 6,146.46 Est @ -1.17% 3,970.78
Present value of next 10 years cash flows HK$55,756.00
DB:4HK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$6,146.46 × (1 + -0.39%) ÷ (4.47% – -0.39%)
HK$126,081.00
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$126,081.00 ÷ (1 + 4.47%)10
HK$81,451.67
DB:4HK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$55,756.00 + HK$81,451.67
HK$137,207.67
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$137,207.67 / 7,574.51
HK$18.11
DB:4HK Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4HK represents 0.11438x of SEHK:6823
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11438x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 18.11 x 0.11438
€2.07
Value per share (EUR) From above. €2.07
Current discount Discount to share price of €1.36
= -1 x (€1.36 - €2.07) / €2.07
34.2%

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

Current Discount
Amount off the current price HKT Trust and HKT is available for.
Intrinsic value
34%
Share price is €1.36 vs Future cash flow value of €2.07
Current Discount Checks
For HKT Trust and HKT to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • HKT Trust and HKT's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • HKT Trust and HKT's share price is below the future cash flow value, but not 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 HKT Trust and HKT's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HKT Trust and HKT's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4HK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in HKD HK$0.69
SEHK:6823 Share Price ** SEHK (2020-04-06) in HKD HK$11.92
Europe Telecom Industry PE Ratio Median Figure of 61 Publicly-Listed Telecom Companies 16.48x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of HKT Trust and HKT.

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

= SEHK:6823 Share Price ÷ EPS (both in HKD)

= 11.92 ÷ 0.69

17.3x

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

  • HKT Trust and HKT is overvalued based on earnings compared to the Europe Telecom industry average.
  • HKT Trust and HKT is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does HKT Trust and HKT's expected growth come at a high price?
Raw Data
DB:4HK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
4.6%per year
Europe Telecom Industry PEG Ratio Median Figure of 34 Publicly-Listed Telecom Companies 1.34x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.3x ÷ 4.6%

3.79x

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

  • HKT Trust and HKT is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on HKT Trust and HKT's assets?
Raw Data
DB:4HK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in HKD HK$5.01
SEHK:6823 Share Price * SEHK (2020-04-06) in HKD HK$11.92
Germany Telecom Industry PB Ratio Median Figure of 7 Publicly-Listed Telecom Companies 1.12x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:4HK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:6823 Share Price ÷ Book Value per Share (both in HKD)

= 11.92 ÷ 5.01

2.38x

* Primary Listing of HKT Trust and HKT.

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

  • HKT Trust and HKT is overvalued based on assets compared to the DE Telecom industry average.
X
Value checks
We assess HKT Trust and HKT'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 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 Telecom industry average (and greater than 0)? (1 check)
  5. HKT Trust and HKT has a total score of 1/6, 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.

4HK Future Performance

 How is HKT Trust and HKT expected to perform in the next 1 to 3 years based on estimates from 9 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
4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HKT Trust and HKT expected to grow at an attractive rate?
  • HKT Trust and HKT's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • HKT Trust and HKT's earnings growth is positive but not above the Germany market average.
  • HKT Trust and HKT's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4HK Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4HK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 4.6%
DB:4HK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 1.7%
Germany Telecom Industry Earnings Growth Rate Market Cap Weighted Average 19.7%
Germany Telecom Industry Revenue Growth Rate Market Cap Weighted Average 2.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:4HK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4HK Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 34,680 10,477 5,899 8
2021-12-31 34,543 11,072 5,942 9
2020-12-31 33,579 9,743 5,515 8
2020-04-07
DB:4HK Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-12-31 33,103 11,084 5,217
2019-09-30 33,189 10,838 5,168
2019-06-30 33,274 10,591 5,119
2019-03-31 34,231 10,625 4,972
2018-12-31 35,187 10,659 4,825
2018-09-30 35,033 10,561 4,650
2018-06-30 34,878 10,462 4,474
2018-03-31 33,973 10,362 4,610
2017-12-31 33,067 10,261 4,745
2017-09-30 32,745 11,534 4,779
2017-06-30 32,670 11,626 4,711
2017-03-31 33,259 11,944 4,800

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HKT Trust and HKT's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
  • HKT Trust and HKT's revenue is expected to grow by 1.7% 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:4HK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from HKT Trust and HKT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4HK Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.74 0.79 0.64 5.00
2021-12-31 0.75 0.86 0.68 7.00
2020-12-31 0.71 0.74 0.66 6.00
2020-04-07
DB:4HK Past Financials Data
Date (Data in HKD Millions) EPS *
2019-12-31 0.69
2019-09-30 0.68
2019-06-30 0.68
2019-03-31 0.66
2018-12-31 0.64
2018-09-30 0.61
2018-06-30 0.59
2018-03-31 0.61
2017-12-31 0.63
2017-09-30 0.63
2017-06-30 0.62
2017-03-31 0.63

*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.
  • HKT Trust and HKT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess HKT Trust and HKT'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
HKT Trust and HKT has a total score of 1/6, 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.

4HK Past Performance

  How has HKT Trust and HKT 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 HKT Trust and HKT's growth in the last year to its industry (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.
  • HKT Trust and HKT's year on year earnings growth rate has been positive over the past 5 years.
  • HKT Trust and HKT's 1-year earnings growth is less than its 5-year average (8.1% vs 8.2%)
  • HKT Trust and HKT's earnings growth has not exceeded the Europe Telecom industry average in the past year (8.1% vs 10.4%).
Earnings and Revenue History
HKT Trust and HKT'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 HKT Trust and HKT Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4HK Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 33,103.00 5,217.00 9,622.00
2019-09-30 33,188.50 5,168.00 9,592.50
2019-06-30 33,274.00 5,119.00 9,563.00
2019-03-31 34,230.50 4,972.00 9,777.00
2018-12-31 35,187.00 4,825.00 9,991.00
2018-09-30 35,032.50 4,649.50 10,065.00
2018-06-30 34,878.00 4,474.00 10,139.00
2018-03-31 33,972.50 4,609.50 10,138.00
2017-12-31 33,067.00 4,745.00 10,137.00
2017-09-30 32,745.00 4,779.00 11,183.00
2017-06-30 32,670.00 4,711.00 11,370.00
2017-03-31 33,258.50 4,800.00 11,946.50
2016-12-31 33,847.00 4,889.00 12,523.00
2016-09-30 34,495.00 4,688.50 12,667.00
2016-06-30 35,143.00 4,488.00 12,811.00
2016-03-31 34,936.00 4,218.50 13,049.00
2015-12-31 34,729.00 3,949.00 13,287.00
2015-09-30 33,503.00 3,659.00 13,720.00
2015-06-30 32,277.00 3,369.00 14,153.00
2015-03-31 30,550.00 3,180.00 13,284.50
2014-12-31 28,823.00 2,991.00 12,416.00
2014-09-30 26,552.00 2,831.00 11,155.50
2014-06-30 24,281.00 2,671.00 9,895.00
2014-03-31 23,556.50 2,565.50 9,698.00
2013-12-31 22,832.00 2,460.00 9,501.00
2013-09-30 22,634.50 2,240.50 9,479.00
2013-06-30 22,437.00 2,021.00 9,457.00

*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.
  • HKT Trust and HKT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HKT Trust and HKT used its assets more efficiently than the Europe Telecom industry average last year based on Return on Assets.
  • HKT Trust and HKT has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HKT Trust and HKT'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 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.
HKT Trust and HKT has a total score of 3/6, 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.

4HK Health

 How is HKT Trust and HKT'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 HKT Trust and HKT's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HKT Trust and HKT's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • HKT Trust and HKT's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of HKT Trust and HKT'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
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 HKT Trust and HKT Company Filings, last reported 3 months ago.

DB:4HK Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 37,970.00 40,396.00 3,165.00
2019-09-30 37,970.00 40,396.00 3,165.00
2019-06-30 36,977.00 40,161.00 2,167.00
2019-03-31 36,977.00 40,161.00 2,167.00
2018-12-31 37,594.00 40,321.00 3,386.00
2018-09-30 37,594.00 40,321.00 3,386.00
2018-06-30 37,030.00 39,645.00 2,720.00
2018-03-31 37,030.00 39,645.00 2,720.00
2017-12-31 37,890.00 39,296.00 3,667.00
2017-09-30 39,059.00 39,296.00 3,667.00
2017-06-30 38,235.00 38,695.00 2,593.00
2017-03-31 38,235.00 38,695.00 2,593.00
2016-12-31 39,159.00 38,207.00 3,332.00
2016-09-30 39,159.00 38,207.00 3,332.00
2016-06-30 38,358.00 36,449.00 3,026.00
2016-03-31 38,358.00 36,449.00 3,026.00
2015-12-31 37,735.00 36,758.00 3,768.00
2015-09-30 37,735.00 36,758.00 3,768.00
2015-06-30 37,763.00 36,874.00 2,899.00
2015-03-31 37,763.00 36,874.00 2,899.00
2014-12-31 38,039.00 36,526.00 3,613.00
2014-09-30 38,039.00 36,526.00 3,613.00
2014-06-30 30,674.00 44,149.00 3,352.00
2014-03-31 30,674.00 44,149.00 3,352.00
2013-12-31 30,805.00 24,427.00 2,134.00
2013-09-30 30,805.00 24,427.00 2,134.00
2013-06-30 30,815.00 25,337.00 3,425.00
  • HKT Trust and HKT's level of debt (106.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (96% vs 106.4% today).
  • Debt is well covered by operating cash flow (27.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.6x coverage).
X
Financial health checks
We assess HKT Trust and HKT'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. HKT Trust and HKT has a total score of 2/6, 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.

4HK Dividends

 What is HKT Trust and HKT'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
5.9%
Current annual income from HKT Trust and HKT dividends. Estimated to be 6.05% next year.
If you bought €2,000 of HKT Trust and HKT shares you are expected to receive €118 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?
  • HKT Trust and HKT's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • HKT Trust and HKT's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Upcoming dividend payment

Purchase HKT Trust and HKT before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:4HK 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 9 Analyst Estimates (S&P Global) See Below
Germany Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:4HK Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.74 8.00
2021-12-31 0.72 10.00
2020-12-31 0.71 10.00
2020-04-07
DB:4HK Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2020-04-01 0.704 6.194
2020-02-12 0.704 6.207
2019-05-09 0.683 5.620
2018-03-28 0.649 5.946
2017-08-09 0.564 5.760
2017-01-13 0.619 6.038
2016-03-10 0.565 5.233
2016-02-25 0.565 5.284
2015-05-07 0.443 4.635
2014-02-26 0.452 4.879
2013-02-27 0.432 5.818
2012-09-06 0.401 5.582
2012-08-09 0.401 6.105
2012-03-26 0.034 0.554
2012-02-27 0.034 0.589

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

  • Whilst dividend payments have been stable, HKT Trust and HKT has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but HKT Trust and HKT only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of HKT Trust and HKT's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess HKT Trust and HKT's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 HKT Trust and HKT afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HKT Trust and HKT has a total score of 2/6, see the detailed checks below.


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

4HK Management

 What is the CEO of HKT Trust and HKT'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
Susanna Hui
COMPENSATION HK$17,300,000
AGE 54
TENURE AS CEO 1.6 years
CEO Bio

Ms. Hon Hing Hui, also known as Susanna, has been Group Managing Director of HKT Limited (HKT) and HKT Management Limited (Trustee-Manager), the trustee-manager of the HKT Trust, since September 2018. She served as Group Chief Financial Officer of of HKT Limited (HKT) and HKT Management Limited (Trustee-Manager), the trustee-manager of the HKT Trust, since November 2011 until August 2018. Ms. Hui serves as the Chief Financial Officer of CSL Mobile Limited and also has been its Company Secretary since December 16, 2005 and Executive Director since July 8, 2005. She has been an Executive Director of HKT Limited (HKT) and HKT Management Limited (Trustee-Manager), the trustee-manager of the HKT Trust, since November 2011. She serves as Director of Group Finance of PCCW and Director of TSS Finance with responsibility for the telecommunications services sector and regulatory accounting. She has been an Executive Director of Sunday Communications Ltd. since July 8, 2005 and PCCW Limited since May 2010. She serves as an Executive Director of HKT Limited. Ms. Hui is responsible for overseeing all the financial matters of the Group. She has been Group Chief Financial Officer at PCCW Limited since April 30, 2007 and served as its Qualified Accountant. She served as Group Chief Financial Officer of PCCW-HKT Limited since November 2011. She joined the PCCW Group in 1999. She served as the Director of Group Finance of the PCCW Group from September 2006 to April 2007. She served as the Chief Financial Officer of Pacific Century Premium Developments Ltd. from July 2009 to November 29, 2011. She served as the Chief Financial Officer of Lai Sun Hotels International Limited. She served as the Chief Financial Officer of Century Premium Developments Ltd. until November 29, 2011. Ms. Hui served as the Chief Financial Officer of Sunday Communications Ltd. (now PCCW Mobile HK Limited) and served as its Company Secretary since December 16, 2005. She serves as a Director of Hong Kong Telecommunications (HKT) Limited and HKT Group Holdings Limited. She serves as a Director of PCCW Capital No. 4 Ltd. She served as a Director of PCCW-HKT Limited since June 14, 2011. She has been an Executive Director at Pacific Century Prmm Devs Ltd., since May 09, 2018. She served as Member of Executive Committee of Pacific Century Premium Developments Ltd. She is a Qualified Accountant and a Member of both the Hong Kong Institute of Certified Public Accountants since September 1997 and the American Institute of Certified Public Accountants since March 1996. Ms. Hui holds a Bachelor's Degree in Social Sciences from the University of Hong Kong with first class honors in November 1986.

CEO Compensation
  • Susanna's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Susanna's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the HKT Trust and HKT management team in years:

6.2
Average Tenure
53
Average Age
  • The average tenure for the HKT Trust and HKT management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Richard Li

TITLE
Executive Chairman of HKT Management Limited
AGE
52

Susanna Hui

TITLE
Group MD & Executive Director of HKT Management Limited
COMPENSATION
HK$17M
AGE
54
TENURE
1.6 yrs

Evan Wong

TITLE
Chief Financial Officer
AGE
47
TENURE
1.6 yrs

Paul Berriman

TITLE
Chief Technology Officer of Technology Strategy and Development -HKT Management Limited
AGE
62
TENURE
12.9 yrs

Bernadette Mak Lomas

TITLE
Group General Counsel & Company Secretary of HKT Management Limited
TENURE
3.7 yrs

Chi-Keung Chan

TITLE
Head of Group Communications - HKT Management Limited
TENURE
8.8 yrs

Florence Chow

TITLE
Head of Group Human Resources - HKT Management Limited

Stuart Chiron

TITLE
Head of Group Regulatory Affairs - HKT Management Limited
TENURE
20.3 yrs

Ringo Ng

TITLE
Managing Director of Consumer Group -HKT Management Limited

Peter Lam

TITLE
Managing Director of Engineering - HKT Management Limited
Board of Directors Tenure

Average tenure and age of the HKT Trust and HKT board of directors in years:

8.4
Average Tenure
58
Average Age
  • The tenure for the HKT Trust and HKT board of directors is about average.
Board of Directors

Susanna Hui

TITLE
Group MD & Executive Director of HKT Management Limited
COMPENSATION
HK$17M
AGE
54
TENURE
8.4 yrs

Sunil Varma

TITLE
Independent Non-Executive Director of HKT Management Limited
COMPENSATION
HK$360K
AGE
75
TENURE
8.4 yrs

Richard Li

TITLE
Executive Chairman of HKT Management Limited
AGE
52
TENURE
8.4 yrs

Hsin-Kang Chang

TITLE
Independent Non-Executive Director of HKT Management Limited
COMPENSATION
HK$240K
AGE
79
TENURE
8.4 yrs

Aman Mehta

TITLE
Independent Non-Executive Director of HKT Management Limited
COMPENSATION
HK$360K
AGE
73
TENURE
5.9 yrs

Frances Wong

TITLE
Independent Non-Executive Director of HKT Management Limited
COMPENSATION
HK$360K
AGE
57
TENURE
4.9 yrs

Peter Anthony Allen

TITLE
Non-Executive Director of HKT Management Limited
AGE
64
TENURE
8.4 yrs

Fushen Li

TITLE
Non-Executive Director of HKT Management Limited
COMPENSATION
HK$240K
AGE
57
TENURE
8.4 yrs

Mico Chung

TITLE
Non-Executive Director of HKT Management Limited
COMPENSATION
HK$240K
AGE
58
TENURE
8.4 yrs

BG Srinivas Gangaiah

TITLE
Non-Executive Director of HKT Management Limited
AGE
58
TENURE
5.7 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 (€)
26. Feb 20 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 21. Feb 20 21. Feb 20 834,104 €1.41 €1,177,957
24. Feb 20 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 19. Feb 20 19. Feb 20 -1,656,453 €1.43 €-2,374,288
20. Feb 20 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 17. Feb 20 17. Feb 20 2,017,794 €1.43 €2,889,742
14. Feb 20 Sell JPMorgan Chase & Co, Brokerage and Securities Investments Company 11. Feb 20 11. Feb 20 -4,325,995 €1.40 €-6,043,264
05. Feb 20 Buy JPMorgan Chase & Co, Brokerage and Securities Investments Company 31. Jan 20 31. Jan 20 488,614 €1.36 €663,510
15. Apr 19 Sell Srinivas Gangaiah Individual 11. Apr 19 11. Apr 19 -100,000 €1.41 €-141,191
15. Apr 19 Sell Srinivas Gangaiah Individual 12. Apr 19 12. Apr 19 -57,839 €1.41 €-81,536
X
Management checks
We assess HKT Trust and HKT'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. HKT Trust and HKT 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.

4HK News

Simply Wall St News

4HK Company Info

Description

HKT Trust and HKT Limited provides telecommunications services in Hong Kong, Mainland China, and internationally. It operates through Telecommunications Services, Mobile, and Other Businesses segments. The Telecommunications Services segment offers telecommunications and related services, including local telephony, local data and broadband, and international telecommunications, as well as enterprise solutions; and other telecommunications businesses, such as customer premises equipment sales, outsourcing, consulting, and contact centers. The Mobile segment provides mobile telecommunications services. The Other Businesses segment offers financial-related services, such as mobile payment, smart mobile point-of-sale solutions, and insurance; and The Club, a loyalty program. The company also provides cloud computing, Internet of Things, and artificial intelligence solutions to enterprises; Web services; network-based telecommunications and satellite-based services; outsourced call center services; customer and consultancy services; and customer relationship and customer contact management solutions and services. In addition, it offers system integration, software development, and technical services consultancy services; and sells mobile handsets and accessories, as well as telecommunication products and services. The company was incorporated in 2011 and is headquartered in Quarry Bay, Hong Kong. HKT Trust and HKT Limited is a subsidiary of PCCW Limited.

Details
Name: HKT Trust and HKT Limited
4HK
Exchange: DB
Founded: 2011
HK$10,794,458,770
7,574,514,412
Website: http://www.hkt.com
Address: HKT Trust and HKT Limited
PCCW Tower,
39th Floor,
Quarry Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 6823 Stapled Units The Stock Exchange of Hong Kong Ltd. HK HKD 29. Nov 2011
OTCPK HKTT.F Stapled Units Pink Sheets LLC US USD 29. Nov 2011
DB 4HK Stapled Units Deutsche Boerse AG DE EUR 29. Nov 2011
OTCPK HKTT.Y UNSPONSORED ADR Pink Sheets LLC US USD 15. May 2012
Number of employees
Current staff
Staff numbers
17,500
HKT Trust and HKT employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:03
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/04
Last earnings filing: 2020/04/01
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.