China Publishing & Media Holdings Co., Ltd.'s (SHSE:601949) Price Is Right But Growth Is Lacking
Apr 17
Chinese (SSE) Media Industry Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies74
- 7D-6.3%
- 3M-1.2%
- 1Y-17.8%
- YTD-9.7%
Over the last 7 days, the Media industry has dropped 6.3%, driven by declines in China Satellite Communications and COL GroupLtd of 5.7% and 18%, respectively. On the other hand Chinese Universe Publishing and Media Group is actually up 7.5%. However, the industry is down 18% over the past year. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Chinese Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | CN¥739.2b | CN¥358.4b | CN¥18.9b | 29.1x | 39.1x | 2.1x |
| Fri, 15 Mar 2024 | CN¥780.4b | CN¥352.8b | CN¥19.9b | 36.4x | 39.2x | 2.2x |
| Sun, 11 Feb 2024 | CN¥670.1b | CN¥352.6b | CN¥19.0b | 32.7x | 35.3x | 1.9x |
| Tue, 09 Jan 2024 | CN¥752.5b | CN¥354.1b | CN¥18.3b | 38.4x | 41.1x | 2.1x |
| Thu, 07 Dec 2023 | CN¥834.7b | CN¥354.3b | CN¥18.3b | 43.4x | 45.6x | 2.4x |
| Sat, 04 Nov 2023 | CN¥775.8b | CN¥356.2b | CN¥18.2b | 39.1x | 42.6x | 2.2x |
| Mon, 02 Oct 2023 | CN¥787.8b | CN¥344.4b | CN¥16.3b | 39.6x | 48.5x | 2.3x |
| Wed, 30 Aug 2023 | CN¥830.8b | CN¥343.2b | CN¥16.2b | 50.5x | 51.3x | 2.4x |
| Fri, 28 Jul 2023 | CN¥818.5b | CN¥335.8b | CN¥15.4b | 49.9x | 53.1x | 2.4x |
| Sun, 25 Jun 2023 | CN¥913.1b | CN¥338.4b | CN¥16.3b | 52.4x | 55.9x | 2.7x |
| Tue, 23 May 2023 | CN¥844.0b | CN¥338.6b | CN¥16.7b | 50.9x | 50.6x | 2.5x |
| Thu, 20 Apr 2023 | CN¥858.6b | CN¥342.2b | CN¥19.4b | 41x | 44.4x | 2.5x |
| Sat, 18 Mar 2023 | CN¥811.1b | CN¥340.4b | CN¥19.3b | 34.2x | 41.9x | 2.4x |
| Mon, 13 Feb 2023 | CN¥723.7b | CN¥340.4b | CN¥19.4b | 35.8x | 37.4x | 2.1x |
| Wed, 11 Jan 2023 | CN¥677.5b | CN¥337.8b | CN¥19.3b | 33.4x | 35.1x | 2x |
| Fri, 09 Dec 2022 | CN¥667.5b | CN¥337.8b | CN¥19.3b | 32.7x | 34.6x | 2x |
| Sun, 06 Nov 2022 | CN¥599.7b | CN¥337.9b | CN¥19.1b | 31.2x | 31.5x | 1.8x |
| Tue, 04 Oct 2022 | CN¥572.9b | CN¥340.8b | CN¥20.7b | 26.5x | 27.7x | 1.7x |
| Thu, 01 Sep 2022 | CN¥643.2b | CN¥345.2b | CN¥21.5b | 30.7x | 29.9x | 1.9x |
| Sat, 30 Jul 2022 | CN¥619.1b | CN¥347.5b | CN¥22.5b | 28x | 27.5x | 1.8x |
| Mon, 27 Jun 2022 | CN¥640.0b | CN¥347.1b | CN¥22.5b | 28.6x | 28.4x | 1.8x |
| Wed, 25 May 2022 | CN¥587.9b | CN¥346.8b | CN¥22.5b | 25.7x | 26.1x | 1.7x |
| Fri, 22 Apr 2022 | CN¥607.3b | CN¥353.2b | CN¥22.1b | 23.9x | 27.5x | 1.7x |
| Sun, 20 Mar 2022 | CN¥660.1b | CN¥352.6b | CN¥20.5b | 29.6x | 32.2x | 1.9x |
| Tue, 15 Feb 2022 | CN¥730.6b | CN¥353.6b | CN¥20.1b | 32.6x | 36.4x | 2.1x |
| Thu, 13 Jan 2022 | CN¥789.3b | CN¥353.4b | CN¥20.1b | 34.4x | 39.3x | 2.2x |
| Sat, 11 Dec 2021 | CN¥700.3b | CN¥353.4b | CN¥20.1b | 27.9x | 34.8x | 2x |
| Mon, 08 Nov 2021 | CN¥667.6b | CN¥350.6b | CN¥19.7b | 25.5x | 34x | 1.9x |
| Wed, 06 Oct 2021 | CN¥655.6b | CN¥346.2b | CN¥24.3b | 22.2x | 27x | 1.9x |
| Fri, 03 Sep 2021 | CN¥688.4b | CN¥347.9b | CN¥24.6b | 23.2x | 28x | 2x |
| Sun, 01 Aug 2021 | CN¥647.6b | CN¥345.8b | CN¥24.4b | 24.6x | 26.6x | 1.9x |
| Wed, 05 May 2021 | CN¥691.3b | CN¥322.9b | CN¥19.7b | 26.3x | 35x | 2.1x |
Price to Earnings Ratio
35x
Current Industry PE
- Investors are relatively neutral on the Chinese Media industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 37.3x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Media industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Chinese Telecom industry?
| CN Market | -4.85% | |
| Telecom | -7.52% | |
| Media | -6.31% | |
| Publishing | -3.50% | |
| Broadcasting | -6.58% | |
| Cable and Satellite | -7.92% | |
| Advertising | -8.54% | |
Industry PE
- Investors are most optimistic about the Advertising industry, which is trading close to its 3-year average PE ratio of 66.3x.
- Analysts are expecting annual earnings growth of 33.8%, which is higher than its past year's earnings decline of 19.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Cable and Satellite industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 29% per year.
- In contrast, the Broadcasting industry is expected to see its earnings grow by 7.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 601858 China Science Publishing & Media | CN¥25.85 | 12.2% +CN¥2.2b | -6.6% | PE42.3x | |
| 600373 Chinese Universe Publishing and Media Group | CN¥15.66 | 9.7% +CN¥1.9b | 9.4% | PE10.8x | |
| 601098 China South Publishing & Media Group | CN¥13.10 | 7.4% +CN¥1.6b | 9.2% | PE12.8x | |
| 601928 Jiangsu Phoenix Publishing & Media | CN¥11.31 | 5.9% +CN¥1.6b | 1.2% | PE9.7x | |
| 601949 China Publishing & Media Holdings | CN¥7.89 | 11.0% +CN¥1.5b | 12.1% | PE19.7x |
