Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥39.37, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 28x in the Media industry in China. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥41.07, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 25x in the Media industry in China. Total loss to shareholders of 18% over the past three years. Ankündigung • Jun 30
Three's Company Future Technology Group Co., Ltd. to Report First Half, 2026 Results on Aug 31, 2026 Three's Company Future Technology Group Co., Ltd. announced that they will report first half, 2026 results on Aug 31, 2026 Declared Dividend • May 25
Dividend of CN¥0.72 announced Shareholders will receive a dividend of CN¥0.72. Ex-date: 26th May 2026 Payment date: 26th May 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not covered by earnings (121% earnings payout ratio). However, it is covered by cash flows (68% cash payout ratio). The dividend has increased by an average of 6.5% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 34% to bring the payout ratio under control. EPS is expected to grow by 131% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Valuation Update With 7 Day Price Move • May 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥47.06, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 17x in the Media industry in China. Total loss to shareholders of 24% over the past three years. New Risk • Apr 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (121% payout ratio). Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. New Risk • Apr 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 48% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (121% payout ratio). Large one-off items impacting financial results. Reported Earnings • Apr 28
First quarter 2026 earnings released: EPS: CN¥0.05 (vs CN¥0.35 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.05 (down from CN¥0.35 in 1Q 2025). Revenue: CN¥1.06b (up 30% from 1Q 2025). Net income: CN¥11.0m (down 85% from 1Q 2025). Profit margin: 1.0% (down from 9.0% in 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Media industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Ankündigung • Apr 20
Three's Company Future Technology Group Co., Ltd., Annual General Meeting, May 08, 2026 Three's Company Future Technology Group Co., Ltd., Annual General Meeting, May 08, 2026, at 14:30 China Standard Time. Location: 12F, Block C, No. 7, Zhichun Road, Haidian District, Beijing China New Risk • Apr 16
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 10% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (176% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.3% net profit margin). Ankündigung • Mar 30
Three's Company Media Group Co., Ltd. to Report Q1, 2026 Results on Apr 28, 2026 Three's Company Media Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 28, 2026 Ankündigung • Dec 26
Three's Company Media Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 18, 2026 Three's Company Media Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 18, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings released: EPS: CN¥0.001 (vs CN¥0.24 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.001 (down from CN¥0.24 in 3Q 2024). Revenue: CN¥912.3m (down 22% from 3Q 2024). Net income: CN¥248.8k (down 100% from 3Q 2024). Profit margin: 0% (down from 4.4% in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Ankündigung • Sep 30
Three's Company Media Group Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Three's Company Media Group Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: CN¥0.33 (vs CN¥0.38 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.33 (down from CN¥0.38 in 2Q 2024). Revenue: CN¥839.8m (down 14% from 2Q 2024). Net income: CN¥70.7m (down 13% from 2Q 2024). Profit margin: 8.4% (up from 8.3% in 2Q 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥33.96, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 27x in the Media industry in China. Total loss to shareholders of 22% over the past three years. Ankündigung • Jun 30
Three's Company Media Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Three's Company Media Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Declared Dividend • May 22
Dividend of CN¥0.72 announced Shareholders will receive a dividend of CN¥0.72. Ex-date: 26th May 2025 Payment date: 26th May 2025 Dividend yield will be 2.6%, which is lower than the industry average of 3.0%. Sustainability & Growth Dividend is not adequately covered by earnings (90.3% earnings payout ratio). However, it is well covered by cash flows (31% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share is expected to grow by 142% over the next 3 years, which should maintain adequate earnings cover for the dividend. Reported Earnings • Apr 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥0.66 (down from CN¥2.92 in FY 2023). Revenue: CN¥4.21b (down 20% from FY 2023). Net income: CN¥123.3m (down 77% from FY 2023). Profit margin: 2.9% (down from 10.0% in FY 2023). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 60%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Major Estimate Revision • Apr 21
Consensus revenue estimates fall by 25% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥4.92b to CN¥3.69b. EPS estimate fell from CN¥2.03 to CN¥1.83 per share. Net income forecast to shrink 3.2% next year vs 15% growth forecast for Media industry in China . Consensus price target down from CN¥36.54 to CN¥30.20. Share price was steady at CN¥26.54 over the past week. Ankündigung • Apr 20
Three's Company Media Group Co., Ltd., Annual General Meeting, May 09, 2025 Three's Company Media Group Co., Ltd., Annual General Meeting, May 09, 2025, at 14:30 China Standard Time. Location: 12F, Block C, No. 7, Zhichun Road, Haidian District, Beijing China Ankündigung • Mar 28
Three's Company Media Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Three's Company Media Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 New Risk • Jan 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (8.7% net profit margin). Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CN¥31.69, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 25x in the Media industry in China. Total loss to shareholders of 47% over the past three years. Ankündigung • Dec 27
Three's Company Media Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Three's Company Media Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥34.94, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Media industry in China. Total returns to shareholders of 4.6% over the past three years. Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CN¥4.71b to CN¥4.28b. EPS estimate also fell from CN¥2.27 per share to CN¥1.66 per share. Net income forecast to grow 5.4% next year vs 14% growth forecast for Media industry in China. Consensus price target up from CN¥27.24 to CN¥36.54. Share price rose 7.6% to CN¥32.96 over the past week. Reported Earnings • Oct 31
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: CN¥1.17b (down 31% from 3Q 2023). Net income: CN¥51.5m (down 50% from 3Q 2023). Profit margin: 4.4% (down from 6.0% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥29.11, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Media industry in China. Total loss to shareholders of 14% over the past three years. Ankündigung • Sep 30
Three's Company Media Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Three's Company Media Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to CN¥29.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 15% over the past three years. Reported Earnings • Aug 30
Second quarter 2024 earnings released: EPS: CN¥0.79 (vs CN¥0.35 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.79 (up from CN¥0.35 in 2Q 2023). Revenue: CN¥975.7m (down 23% from 2Q 2023). Net income: CN¥81.5m (up 9.1% from 2Q 2023). Profit margin: 8.3% (up from 5.9% in 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Ankündigung • Aug 16
Three's Company Media Group Co., Ltd. (SHSE:605168) announces an Equity Buyback for CNY 100 million worth of its shares. Three's Company Media Group Co., Ltd. (SHSE:605168) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its shares. The shares will be repurchased at a price not more than CNY 46.67 per share. The shares repurchased will be used to reduce the company's registered capital. The program will be valid for a period of 3 months from shareholders approval. Ankündigung • Jun 28
Three's Company Media Group Co., Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Three's Company Media Group Co., Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Price Target Changed • Jun 20
Price target decreased by 30% to CN¥50.06 Down from CN¥71.83, the current price target is provided by 1 analyst. New target price is 76% above last closing price of CN¥28.42. Stock is down 59% over the past year. The company is forecast to post earnings per share of CN¥2.94 for next year compared to CN¥2.92 last year. Major Estimate Revision • Jun 13
Consensus EPS estimates increase by 45% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from CN¥2.95 to CN¥4.27. Revenue forecast unchanged at CN¥6.13b. Net income forecast to grow 74% next year vs 45% growth forecast for Media industry in China. Consensus price target up from CN¥71.83 to CN¥83.09. Share price was steady at CN¥29.66 over the past week. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to CN¥30.14, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 17x in the Media industry in China. Total loss to shareholders of 53% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥55.34 per share. Buy Or Sell Opportunity • Jun 06
Now 46% undervalued after recent price drop Over the last 90 days, the stock has fallen 53% to CN¥30.14. The fair value is estimated to be CN¥55.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 147% in the next 2 years. Ankündigung • May 01
Three's Company Media Group Co., Ltd., Annual General Meeting, May 20, 2024 Three's Company Media Group Co., Ltd., Annual General Meeting, May 20, 2024, at 14:30 China Standard Time. Location: 12F, Block C, No. 7, Zhichun Road, Haidian District, Beijing China Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: CN¥0.33 (vs CN¥0.96 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.33 (down from CN¥0.96 in 1Q 2023). Revenue: CN¥936.4m (flat on 1Q 2023). Net income: CN¥48.7m (down 66% from 1Q 2023). Profit margin: 5.2% (down from 15% in 1Q 2023). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Media industry in China. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Ankündigung • Mar 30
Three's Company Media Group Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024 Three's Company Media Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024 Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥69.61, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Media industry in China. Total returns to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥48.23, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 31% over the past three years. Ankündigung • Dec 30
Three's Company Media Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 30, 2024 Three's Company Media Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: CN¥1.69b (up 10% from 3Q 2022). Net income: CN¥102.2m (up 19% from 3Q 2022). Profit margin: 6.0% (up from 5.6% in 3Q 2022). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: CN¥1.38 (vs CN¥1.06 in 2Q 2022) Second quarter 2023 results: EPS: CN¥1.38. Revenue: CN¥1.26b (up 11% from 2Q 2022). Net income: CN¥74.6m (down 52% from 2Q 2022). Profit margin: 5.9% (down from 14% in 2Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Media industry in China. Ankündigung • Jun 28
Three's Company Media Group Co., Ltd. to Report First Half, 2023 Results on Aug 30, 2023 Three's Company Media Group Co., Ltd. announced that they will report first half, 2023 results on Aug 30, 2023 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥131, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Media industry in China. Total loss to shareholders of 25% over the past three years. Upcoming Dividend • Jun 21
Upcoming dividend of CN¥2.20 per share at 1.5% yield Eligible shareholders must have bought the stock before 28 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Chinese dividend payers (2.0%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥144, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Media industry in China. Total returns to shareholders of 57% over the past three years. Reported Earnings • Apr 12
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CN¥8.35 (up from CN¥5.02 in FY 2021). Revenue: CN¥5.65b (up 58% from FY 2021). Net income: CN¥736.4m (up 46% from FY 2021). Profit margin: 13% (down from 14% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Media industry in China. Price Target Changed • Mar 28
Price target increased by 70% to CN¥219 Up from CN¥129, the current price target is provided by 1 analyst. New target price is 42% above last closing price of CN¥154. Stock is up 37% over the past year. The company is forecast to post earnings per share of CN¥7.23 for next year compared to CN¥5.02 last year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥149, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Media industry in China. Total returns to shareholders of 37% over the past year. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥122, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Media industry in China. Total returns to shareholders of 4.9% over the past year. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥122, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 3.6% over the past year. Price Target Changed • Jan 11
Price target increased to CN¥145 Up from CN¥129, the current price target is an average from 2 analysts. New target price is 39% above last closing price of CN¥105. Stock is down 25% over the past year. The company is forecast to post earnings per share of CN¥7.27 for next year compared to CN¥5.02 last year. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 18% share price gain to CN¥101, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 19% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥41.72 per share. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 21
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: CN¥1.54b (up 108% from 3Q 2021). Net income: CN¥86.0m (down 8.4% from 3Q 2021). Profit margin: 5.6% (down from 13% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Media industry in China. Price Target Changed • Oct 12
Price target decreased to CN¥134 Down from CN¥161, the current price target is an average from 3 analysts. New target price is 69% above last closing price of CN¥79.53. Stock is down 4.1% over the past year. The company is forecast to post earnings per share of CN¥7.28 for next year compared to CN¥5.02 last year. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: CN¥3.19 (vs CN¥1.14 in 2Q 2021) Second quarter 2022 results: EPS: CN¥3.19 (up from CN¥1.14 in 2Q 2021). Revenue: CN¥1.14b (up 36% from 2Q 2021). Net income: CN¥156.0m (up 37% from 2Q 2021). Profit margin: 14% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 51%, compared to a 10% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improved over the past week After last week's 20% share price gain to CN¥117, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 25% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥67.59 per share. Buying Opportunity • Apr 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be CN¥177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Reported Earnings • Apr 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥7.25 (up from CN¥5.86 in FY 2020). Revenue: CN¥3.57b (up 27% from FY 2020). Net income: CN¥505.0m (up 39% from FY 2020). Profit margin: 14% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 44%, compared to a 15% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥185, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Media industry in China. Total returns to shareholders of 27% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥81.11 per share. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CN¥7.26 (up from CN¥5.86 in FY 2020). Revenue: CN¥3.57b (up 27% from FY 2020). Net income: CN¥505.8m (up 39% from FY 2020). Profit margin: 14% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 44%, compared to a 16% growth forecast for the industry in China. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥189, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Media industry in China. Total returns to shareholders of 11% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥106 per share. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥175, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 17x in the Media industry in China. Total loss to shareholders of 4.5% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥104 per share. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥138, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Media industry in China. Total loss to shareholders of 33% over the past year. Simply Wall St's valuation model estimates the intrinsic value at CN¥105 per share. Reported Earnings • Oct 19
Third quarter 2021 earnings released: EPS CN¥1.34 (vs CN¥1.16 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥738.3m (up 7.4% from 3Q 2020). Net income: CN¥93.8m (up 17% from 3Q 2020). Profit margin: 13% (up from 12% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS CN¥1.65 (vs CN¥1.08 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥840.0m (up 19% from 2Q 2020). Net income: CN¥113.7m (up 83% from 2Q 2020). Profit margin: 14% (up from 8.8% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 15
Full year 2020 earnings released: EPS CN¥5.86 (vs CN¥3.74 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥2.81b (up 72% from FY 2019). Net income: CN¥362.8m (up 87% from FY 2019). Profit margin: 13% (up from 12% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Feb 25
New 90-day low: CN¥148 The company is down 27% from its price of CN¥202 on 27 November 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 8.0% over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: CN¥174 The company is down 31% from its price of CN¥254 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 11% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: CN¥176 The company is down 22% from its price of CN¥224 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥188 The company is down 14% from its price of CN¥220 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is down 8.0% over the same period. Is New 90 Day High Low • Nov 09
New 90-day high: CN¥262 The company is up 9.0% from its price of CN¥241 on 11 August 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is down 4.0% over the same period. Reported Earnings • Oct 23
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥293.9m, up 67% from the prior year. Total revenue was CN¥2.36b over the last 12 months, up 58% from the prior year. Ankündigung • Oct 19
Three's Company Media Group Co., Ltd. to Report Q3, 2020 Results on Oct 23, 2020 Three's Company Media Group Co., Ltd. announced that they will report Q3, 2020 results on Oct 23, 2020