XSHG601698
Market cap12bUSD
Dec 24, Last price
21.46CNY
1D
-1.74%
1Q
45.04%
IPO
398.38%
Name
China Satellite Communications Co Ltd
Chart & Performance
Profile
China Satellite Communications Co., Ltd. provides satellite communications and broadcasting services to broadcast, telecom, corporate, and government customers. It offers satellite resource leasing services, such as long-term and temporary rental; value-added services, including consulting, training, network access test and antenna certification, and interference location services, as well as tracking, telemetry, and control services; and bandwidth rental services for TV channels distribution, contribution, and direct to home broadcast through satellites. The company also provides equipment supply and system integration, uplink service, HUB hosting and operation, and other teleport services; information services comprising remote sensing images, location information, and weather information services; internet access, voip, telemedicine, and other services; and integration internet information, emergency communications, private network communication network, E-education, IoT, and telecommunication services. In addition, it offers telecommunication services that include telecommunication backhaul, terrestrial network, backup, and emergency response support to mobile base stations; streaming media, audio and video transmission, and live broadcasting services; smart monitoring and early warning services; business and general aviation network connection, voice, image, air traffic, and operational data services; and cabin services including internet, entertainment, travel, equipment rental and sales, repair and maintenance, system integration, teleport service, and information services. Further, the company provides integrated satellite broadband communication services, including enterprise network, internet connection, ICT, and audio and video transmission services for shipping lines, oil and gas, and global ports to connect shore and ship platforms for governments, enterprises, and consumers. It operates 16 geostationary communications and broadcasting satellites covering China, Australia, Southeast Asia, South Asia, the Middle East, Europe, Africa, etc. The company is based in Beijing, China. China Satellite Communications Co., Ltd. is a subsidiary of China Aerospace Science and Technology Corporation.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | 2014‑12 | |
Income | ||||||||||
Revenues | 2,615,696 -4.30% | 2,733,339 3.76% | 2,634,240 -2.81% | |||||||
Cost of revenue | 1,852,537 | 1,901,900 | 1,810,438 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 763,159 | 831,439 | 823,802 | |||||||
NOPBT Margin | 29.18% | 30.42% | 31.27% | |||||||
Operating Taxes | 99,935 | 117,595 | ||||||||
Tax Rate | 13.09% | 14.27% | ||||||||
NOPAT | 663,224 | 831,439 | 706,207 | |||||||
Net income | 348,771 -62.21% | 922,805 61.24% | 572,305 17.09% | |||||||
Dividends | (184,183) | (116,000) | (100,000) | |||||||
Dividend yield | 0.25% | 0.24% | 0.17% | |||||||
Proceeds from repurchase of equity | ||||||||||
BB yield | ||||||||||
Debt | ||||||||||
Debt current | 10,000 | 45,788 | 36,251 | |||||||
Long-term debt | 261,584 | 294,154 | 288,333 | |||||||
Deferred revenue | 349,135 | 438,597 | ||||||||
Other long-term liabilities | 327,358 | 1 | ||||||||
Net debt | (8,038,875) | (7,130,255) | (5,403,501) | |||||||
Cash flow | ||||||||||
Cash from operating activities | 1,862,941 | 1,471,098 | 2,269,139 | |||||||
CAPEX | (1,647,559) | |||||||||
Cash from investing activities | (2,363,949) | |||||||||
Cash from financing activities | (349,190) | 1,852,884 | ||||||||
FCF | 115,037 | (546,903) | 657,363 | |||||||
Balance | ||||||||||
Cash | 7,240,743 | 6,335,124 | 4,882,649 | |||||||
Long term investments | 1,069,716 | 1,135,073 | 845,436 | |||||||
Excess cash | 8,179,674 | 7,333,530 | 5,596,373 | |||||||
Stockholders' equity | 11,196,187 | 11,411,169 | 9,900,888 | |||||||
Invested Capital | 11,760,247 | 12,376,034 | 10,754,232 | |||||||
ROIC | 5.50% | 7.19% | 6.43% | |||||||
ROCE | 3.67% | 4.04% | 4.86% | |||||||
EV | ||||||||||
Common stock shares outstanding | 4,222,404 | 4,224,385 | 4,000,000 | |||||||
Price | 17.31 51.58% | 11.42 -20.64% | 14.39 -20.67% | |||||||
Market cap | 73,089,810 51.51% | 48,242,481 -16.19% | 57,560,000 -20.67% | |||||||
EV | 69,224,260 | 45,205,988 | 55,925,897 | |||||||
EBITDA | 2,018,416 | 2,100,927 | 2,061,685 | |||||||
EV/EBITDA | 34.30 | 21.52 | 27.13 | |||||||
Interest | 7,749 | 7,108 | 6,780 | |||||||
Interest/NOPBT | 1.02% | 0.85% | 0.82% |