Financials Asian Pay Television Trust

Equities

S7OU

SG2F77993036

Broadcasting

Market Closed - Singapore S.E. 04:59:54 2024-04-26 am EDT 5-day change 1st Jan Change
0.08 SGD 0.00% Intraday chart for Asian Pay Television Trust +1.27% -9.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 182.5 243.7 215 242.1 200.5 159
Enterprise Value (EV) 1 1,623 1,706 1,661 1,638 1,403 1,320
P/E ratio 24.6 x 12.7 x 11.2 x 12.2 x 4.43 x -0.39 x
Yield 40.7% 7.1% 8.82% 7.46% 9.01% 1,193%
Capitalization / Revenue 0.58 x 0.83 x 0.7 x 0.81 x 0.7 x 0.6 x
EV / Revenue 5.17 x 5.83 x 5.4 x 5.46 x 4.91 x 4.95 x
EV / EBITDA 9.49 x 10.8 x 9.85 x 9.64 x 8.71 x 8.96 x
EV / FCF 51.5 x 142 x 25.1 x 13.9 x 22.4 x 41.9 x
FCF Yield 1.94% 0.71% 3.99% 7.21% 4.47% 2.39%
Price to Book 0.17 x 0.23 x 0.18 x 0.2 x 0.18 x 0.23 x
Nbr of stocks (in thousands) 1,436,800 1,442,128 1,806,355 1,806,355 1,806,355 1,806,355
Reference price 2 0.1270 0.1690 0.1190 0.1340 0.1110 0.0880
Announcement Date 4/4/19 4/8/20 4/8/21 3/1/22 4/9/23 4/1/24
1SGD in Million2SGD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 313.9 292.6 307.4 299.7 286 266.4
EBITDA 1 171.1 158.6 168.7 169.9 161.1 147.3
EBIT 1 106 87.9 91.22 96.51 98.86 97.19
Operating Margin 33.77% 30.04% 29.68% 32.2% 34.57% 36.48%
Earnings before Tax (EBT) 1 30.59 34.13 33.78 34.71 60.68 -386.8
Net income 1 7.407 19.09 17.34 19.91 45.25 -406.5
Net margin 2.36% 6.52% 5.64% 6.64% 15.82% -152.61%
EPS 2 0.005155 0.0133 0.0106 0.0110 0.0251 -0.2251
Free Cash Flow 1 31.49 12.03 66.29 118 62.66 31.52
FCF margin 10.03% 4.11% 21.57% 39.37% 21.91% 11.83%
FCF Conversion (EBITDA) 18.4% 7.59% 39.29% 69.47% 38.9% 21.41%
FCF Conversion (Net income) 425.1% 63% 382.29% 592.59% 138.47% -
Dividend per Share 2 0.0518 0.0120 0.0105 0.0100 0.0100 1.050
Announcement Date 4/4/19 4/8/20 4/8/21 3/1/22 4/9/23 4/1/24
1SGD in Million2SGD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,441 1,462 1,446 1,396 1,202 1,161
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 8.419 x 9.221 x 8.572 x 8.216 x 7.464 x 7.881 x
Free Cash Flow 1 31.5 12 66.3 118 62.7 31.5
ROE (net income / shareholders' equity) 0.68% 1.8% 1.55% 1.66% 3.82% -44.3%
ROA (Net income/ Total Assets) 2.37% 1.95% 1.97% 2.02% 2.16% 2.5%
Assets 1 312.3 978.6 881.3 986.8 2,096 -16,274
Book Value Per Share 2 0.7500 0.7500 0.6600 0.6900 0.6300 0.3800
Cash Flow per Share 2 0.0500 0.0500 0.0500 0.0700 0.0700 0.0500
Capex 1 73.9 71.9 51 29.5 33.7 32.3
Capex / Sales 23.54% 24.57% 16.58% 9.83% 11.78% 12.12%
Announcement Date 4/4/19 4/8/20 4/8/21 3/1/22 4/9/23 4/1/24
1SGD in Million2SGD
Estimates
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