Asia Television Holdings (SEHK:707) - Share price, News ...

Stable Share Price: 707 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 9% a week. CompanyOverview1Valuation2FutureGrowth3PastPerformance4FinancialHealth5Dividend6Management7OwnershipOtherInformation707fundamentalanalysisSnowflakeScoreValuation0/6FutureGrowth0/6PastPerformance0/6FinancialHealth1/6Dividends0/6707StockOverviewAsiaTelevisionHoldingsLimited,aninvestmentholdingcompany,engagesintheprocessing,printing,andsellingoffinishedfabricsinthePeople’sRepublicofChina,HongKong,andMalaysia.AboutthecompanyRiskAnalysisEarningshavedeclinedby25.5%peryearoverpast5yearsHaslessthan1yearofcashrunwayShareholdershavebeendilutedinthepastyearDoesnothaveameaningfulmarketcap(HK$248M)SeeAllRiskChecksPriceHistory&PerformanceSummaryofalltimehighs,changesandpricedropsforAsiaTelevisionHoldingsHistoricalstockpricesCurrentSharePriceHK$0.02552WeekHighHK$0.06752WeekLowHK$0.019Beta2.131MonthChange-3.85%3MonthChange-35.90%1YearChange-3.85%3YearChange-91.53%5YearChange-88.04%ChangesinceIPO-98.20%RecentNews&UpdatesSep21Non-ExecutiveCo-ChairmanJunjieDenghasleftthecompanyOnthe15thofSeptember,JunjieDeng'stenureasNon-ExecutiveCo-Chairmanended.Wedon'thaveanyrecordofapersonalshareholdingunderJunjie'sname.Atotalof2executiveshaveleftoverthelast12months.Thecurrentmediantenureofthemanagementteamis2.25years.Sep20AsiaTelevisionHoldings(HKG:707)HasDebtButNoEarnings;ShouldYouWorry?WarrenBuffettfamouslysaid,'Volatilityisfarfromsynonymouswithrisk.'Whenwethinkabouthowriskyacompany...Sep06Firsthalf2021earningsreleased:CN¥0.002losspershare(vsCN¥0.012lossin1H2020)Thecompanyreportedasolidfirsthalfresultwithreducedlosses,improvedrevenuesandimprovedcontroloverexpenses.Firsthalf2021results:Revenue:CN¥69.6m(up27%from1H2020).Netloss:CN¥16.7m(lossnarrowed81%from1H2020).Overthelast3yearsonaverage,earningspersharehasincreasedby43%peryearbutthecompany’ssharepricehasfallenby49%peryear,whichmeansitissignificantlylaggingearnings.Aug28AsiaTelevisionHoldingsLimitedProvidesUnauditedConsolidatedEarningsGuidanceforthePeriodEnded30June2021AsiaTelevisionHoldingsLimitedprovidedunauditedconsolidatedearningsguidancefortheperiodended30June2021.ThecompanyGroupexpectstorecordthelossattributabletoownersofthecompanyintherangeofapproximatelyRMB14milliontoRMB18millionfortheperiodended30June2021ascomparedwiththelossattributabletoownersofthecompanyofapproximatelyRMB87,411,000fortheperiodended30June2020.Apr24CompanySecretaryhasleftthecompanyOnthe16thofApril,WaiIpLaw'stenureasCompanySecretaryendedafter2.3yearsintherole.Wedon'thaveanyrecordofapersonalshareholdingunderWaiIp'sname.WaiIpistheonlyexecutivetoleavethecompanyoverthelast12months.Apr13DoesAsiaTelevisionHoldings(HKG:707)HaveAHealthyBalanceSheet?TheexternalfundmanagerbackedbyBerkshireHathaway'sCharlieMunger,LiLu,makesnobonesaboutitwhenhesays...SeemoreupdatesShareholderReturns707HKLuxuryHKMarket7D-7.4%-7.7%-3.0%1Y-3.8%32.7%-5.2%SeefullshareholderreturnsReturnvsIndustry:707underperformedtheHongKongLuxuryindustrywhichreturned31.6%overthepastyear.ReturnvsMarket:707exceededtheHongKongMarketwhichreturned-6.3%overthepastyear.PriceVolatilityIs707'spricevolatilecomparedtoindustryandmarket?707volatility707AverageWeeklyMovement9.4%LuxuryIndustryAverageMovement6.2%MarketAverageMovement6.8%10%mostvolatilestocksinHKMarket13.3%10%leastvolatilestocksinHKMarket3.3%StableSharePrice:707isnotsignificantlymorevolatilethantherestofHongKongstocksoverthepast3months,typicallymoving+/-9%aweek.VolatilityOverTime:707'sweeklyvolatility(9%)hasbeenstableoverthepastyear.AbouttheCompanyFoundedEmployeesCEOWebsite2003162n/ahttps://www.atvgroup.com.hkAsiaTelevisionHoldingsLimited,aninvestmentholdingcompany,engagesintheprocessing,printing,andsellingoffinishedfabricsinthePeople’sRepublicofChina,HongKong,andMalaysia.Itisalsoinvolvedinthetradingoffabricsandclothing;moneylendingandmarginfinancebusiness;securitiesinvestmentandbrokerageactivities;media,cultural,andentertainmentbusiness;propertyholdingbusiness;andprovisionofsubcontractingandmanagementservices,aswellassecuritiesunderwritingandplacingservices.ThecompanywasformerlyknownasCo-ProsperityHoldingsLimitedandchangeditsnametoAsiaTelevisionHoldingsLimitedinApril2018.ShowmoreAsiaTelevisionHoldingsFundamentalsSummaryHowdoAsiaTelevisionHoldings'searningsandrevenuecomparetoitsmarketcap?707fundamentalstatisticsMarketCapCN¥203.37mEarnings(TTM)-CN¥102.43mRevenue(TTM)CN¥168.93m1.2xP/SRatio-2.0xP/ERatioIs707overvalued?SeeFairValueandvaluationanalysisEarnings&RevenueKeyprofitabilitystatisticsfromthelatestearningsreport707incomestatement(TTM)RevenueCN¥168.93mCostofRevenueCN¥208.13mGrossProfit-CN¥39.20mExpensesCN¥63.23mEarnings-CN¥102.43mLastReportedEarningsJun30,2021NextEarningsDaten/aEarningspershare(EPS)-0.01GrossMargin-23.20%NetProfitMargin-60.63%Debt/EquityRatio4,109.5%Howdid707performoverthelongterm?SeehistoricalperformanceandcomparisonValuationIsAsiaTelevisionHoldingsundervaluedcomparedtoitsfairvalueanditspricerelativetothemarket?1.73xPricetoBook(PB)ratioSharePricevs.FairValueBelowFairValue:Insufficientdatatocalculate707'sfairvaluetoestablishifitisundervalued.SignificantlyBelowFairValue:Insufficientdatatocalculate707'sfairvaluetoestablishifitisundervalued.PriceToEarningsRatioPEvsIndustry:707isunprofitable,sowecan'tcompareitsPERatiototheHongKongLuxuryindustryaverage.PEvsMarket:707isunprofitable,sowecan'tcompareitsPERatiototheHongKongmarket.PricetoEarningsGrowthRatioPEGRatio:Insufficientdatatocalculate707'sPEGRatiotodetermineifitisgoodvalue.PricetoBookRatioPBvsIndustry:707isovervaluedbasedonitsPBRatio(1.7x)comparedtotheHKLuxuryindustryaverage(0.7x).FutureGrowthHowisAsiaTelevisionHoldingsforecasttoperforminthenext1to3yearsbasedonestimatesfrom0analysts?24.5%ForecastedConsumerDurablesindustryannualgrowthinearningsInthissectionweusuallypresentrevenueandearningsgrowthprojectionsbasedontheconsensusestimatesofprofessionalanalyststohelpinvestorsunderstandthecompany’sabilitytogenerateprofit.ButasAsiaTelevisionHoldingshasnotprovidedenoughpastdataandhasnoanalystforecast,itsfutureearningscannotbereliablycalculatedbyextrapolatingpastdataorusinganalystpredictions.Thisisquiteararesituationas97%ofcompaniescoveredbySimplyWallStdohavepastfinancialdata.ShowsectionPastPerformanceHowhasAsiaTelevisionHoldingsperformedoverthepast5years?-25.5%HistoricalannualearningsgrowthEarningsandRevenueHistoryQualityEarnings:707iscurrentlyunprofitable.GrowingProfitMargin:707iscurrentlyunprofitable.PastEarningsGrowthAnalysisEarningsTrend:707isunprofitable,andlosseshaveincreasedoverthepast5yearsatarateof25.5%peryear.AcceleratingGrowth:Unabletocompare707'searningsgrowthoverthepastyeartoits5-yearaverageasitiscurrentlyunprofitableEarningsvsIndustry:707isunprofitable,makingitdifficulttocompareitspastyearearningsgrowthtotheLuxuryindustry(34.9%).ReturnonEquityHighROE:707hasanegativeReturnonEquity(-1535.76%),asitiscurrentlyunprofitable.FinancialHealthHowisAsiaTelevisionHoldings'sfinancialposition?FinancialPositionAnalysisShortTermLiabilities:707'sshorttermassets(CN¥316.4M)donotcoveritsshorttermliabilities(CN¥553.3M).LongTermLiabilities:707'sshorttermassets(CN¥316.4M)exceeditslongtermliabilities(CN¥149.9M).DebttoEquityHistoryandAnalysisDebtLevel:707'snetdebttoequityratio(2296.9%)isconsideredhigh.ReducingDebt:707'sdebttoequityratiohasincreasedfrom48.4%to4109.5%overthepast5years.BalanceSheetCashRunwayAnalysisForcompaniesthathaveonaveragebeenlossmakinginthepastweassesswhethertheyhaveatleast1yearofcashrunway.StableCashRunway:707haslessthanayearofcashrunwaybasedonitscurrentfreecashflow.ForecastCashRunway:707haslessthanayearofcashrunwayiffreecashflowcontinuestogrowathistoricalratesof21.3%eachyear.DividendWhatisAsiaTelevisionHoldings'scurrentdividendyield,itsreliabilityandsustainability?DividendYieldvsMarketNotableDividend:Unabletoevaluate707'sdividendyieldagainstthebottom25%ofdividendpayers,asthecompanyhasnotreportedanyrecentpayouts.HighDividend:Unabletoevaluate707'sdividendyieldagainstthetop25%ofdividendpayers,asthecompanyhasnotreportedanyrecentpayouts.StabilityandGrowthofPaymentsStableDividend:Insufficientdatatodetermineif707'sdividendspersharehavebeenstableinthepast.GrowingDividend:Insufficientdatatodetermineif707'sdividendpaymentshavebeenincreasing.CurrentPayouttoShareholdersDividendCoverage:Insufficientdatatocalculatepayoutratiotodetermineifitsdividendpaymentsarecoveredbyearnings.FuturePayouttoShareholdersFutureDividendCoverage:Noneedtocalculatethesustainabilityof707'sdividendin3yearsastheyarenotforecasttopayanotableonefortheHongKongmarket.NextStepsExplorestrongdividendpayingcompaniesintheConsumerDurablesindustry.ManagementHowexperiencedarethemanagementteamandaretheyalignedtoshareholdersinterests?2.1yrsAveragemanagementtenureCEOAsiaTelevisionHoldingshasnoCEO,orwehavenodataonthem.LeadershipTeamShowmoreExperiencedManagement:707'smanagementteamisconsideredexperienced(2.1yearsaveragetenure).BoardMembersShowmoreExperiencedBoard:707'sboardofdirectorsarenotconsideredexperienced(2.4yearsaveragetenure),whichsuggestsanewboard.OwnershipWhoarethemajorshareholdersandhaveinsidersbeenbuyingorselling?InsiderTradingVolumeInsiderBuying:Insufficientdatatodetermineifinsidershaveboughtmoresharesthantheyhavesoldinthepast3months.RecentInsiderTransactionsOwnershipBreakdownDilutionofShares:Shareholdershavebeendilutedinthepastyear,withtotalsharesoutstandinggrowingby5.3%.TopShareholdersCompanyInformationAsiaTelevisionHoldingsLimited'semployeegrowth,exchangelistingsanddatasourcesKeyInformationName:AsiaTelevisionHoldingsLimitedTicker:707Exchange:SEHKFounded:2003Industry:TextilesSector:ConsumerDurablesMarketCap:HK$248.142mSharesoutstanding:9.93bWebsite:https://www.atvgroup.com.hkNumberofEmployeesLocationAsiaTelevisionHoldingsLimitedTowerA9thFloor,Room903TsimShaTsuiKowloonHongKongListingsCompanyAnalysisandFinancialDataStatusAllfinancialdataprovidedbyStandard&Poor'sCapitalIQ.DataLastUpdated(UTCtime)CompanyAnalysis2021/11/2915:51EndofDaySharePrice2021/11/2900:00Earnings2021/06/30AnnualEarnings2020/12/31Unlessspecifiedallfinancialdataisbasedonayearlyperiodbutupdatedquarterly.ThisisknownasTrailingTwelveMonth(TTM)orLastTwelveMonth(LTM)Data.Learnmorehere.