Why Investors Shouldn't Be Surprised By Leo Group Co., Ltd.'s (SZSE:002131) 28% Share Price Plunge
Jun 14
Chinese (SSE) Media Industry Analysis
UpdatedJun 17, 2024
DataAggregated Company Financials
Companies74
- 7D1.4%
- 3M-13.9%
- 1Y-28.5%
- YTD-11.2%
Over the last 7 days, the Media industry has risen 1.4%, driven by gains in CITIC Guoan Information Industry and Zhejiang Publishing & Media of 17% and 7.1%, respectively. In the same time, Focus Media Information Technology was down 6.5%. In contrast, the industry has lost 29% in the last 12 months. Looking forward, earnings are forecast to grow by 16% annually.
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 |
|---|---|---|---|---|---|---|
| Mon, 17 Jun 2024 | CN¥696.6b | CN¥365.1b | CN¥20.3b | 40.9x | 34.4x | 1.9x |
| Wed, 15 May 2024 | CN¥736.2b | CN¥364.6b | CN¥20.1b | 42.5x | 36.6x | 2x |
| Fri, 12 Apr 2024 | CN¥755.5b | CN¥358.6b | CN¥19.0b | 34x | 39.7x | 2.1x |
| Sun, 10 Mar 2024 | CN¥771.4b | CN¥352.7b | CN¥19.9b | 35.9x | 38.8x | 2.2x |
| Tue, 06 Feb 2024 | CN¥617.9b | CN¥352.6b | CN¥19.0b | 32.1x | 32.5x | 1.8x |
| Thu, 04 Jan 2024 | CN¥779.7b | CN¥354.1b | CN¥18.3b | 40x | 42.5x | 2.2x |
| Sat, 02 Dec 2023 | CN¥835.5b | CN¥354.3b | CN¥18.3b | 42.9x | 45.6x | 2.4x |
| Mon, 30 Oct 2023 | CN¥756.3b | CN¥348.6b | CN¥16.6b | 37.4x | 45.5x | 2.2x |
| Wed, 27 Sep 2023 | CN¥790.6b | CN¥344.4b | CN¥16.3b | 39x | 48.6x | 2.3x |
| Fri, 25 Aug 2023 | CN¥824.8b | CN¥340.5b | CN¥16.3b | 48.3x | 50.6x | 2.4x |
| Sun, 23 Jul 2023 | CN¥827.0b | CN¥335.6b | CN¥15.5b | 50.1x | 53.5x | 2.5x |
| Tue, 20 Jun 2023 | CN¥971.2b | CN¥338.4b | CN¥16.3b | 59.6x | 59.5x | 2.9x |
| Thu, 18 May 2023 | CN¥862.2b | CN¥339.7b | CN¥16.5b | 52.3x | 52.3x | 2.5x |
| Sat, 15 Apr 2023 | CN¥871.8b | CN¥342.7b | CN¥19.1b | 42.9x | 45.7x | 2.5x |
| Mon, 13 Mar 2023 | CN¥758.3b | CN¥340.4b | CN¥19.3b | 33.4x | 39.2x | 2.2x |
| Wed, 08 Feb 2023 | CN¥715.3b | CN¥339.6b | CN¥19.4b | 35.7x | 36.9x | 2.1x |
| Fri, 06 Jan 2023 | CN¥689.1b | CN¥337.8b | CN¥19.3b | 34.1x | 35.7x | 2x |
| Sun, 04 Dec 2022 | CN¥657.4b | CN¥337.8b | CN¥19.3b | 31.5x | 34x | 1.9x |
| Tue, 01 Nov 2022 | CN¥561.8b | CN¥338.3b | CN¥19.5b | 29.1x | 28.9x | 1.7x |
| Thu, 29 Sep 2022 | CN¥580.1b | CN¥340.0b | CN¥20.6b | 26.3x | 28.1x | 1.7x |
| Sat, 27 Aug 2022 | CN¥633.3b | CN¥348.3b | CN¥21.9b | 29.1x | 28.9x | 1.8x |
| Mon, 25 Jul 2022 | CN¥623.1b | CN¥347.3b | CN¥22.6b | 28x | 27.6x | 1.8x |
| Wed, 22 Jun 2022 | CN¥650.5b | CN¥347.1b | CN¥22.5b | 28x | 28.9x | 1.9x |
| Fri, 20 May 2022 | CN¥593.1b | CN¥346.8b | CN¥22.5b | 25x | 26.4x | 1.7x |
| Sun, 17 Apr 2022 | CN¥630.8b | CN¥353.1b | CN¥21.4b | 26.6x | 29.5x | 1.8x |
| Tue, 15 Mar 2022 | CN¥652.0b | CN¥353.1b | CN¥20.4b | 28.8x | 32x | 1.8x |
| Thu, 10 Feb 2022 | CN¥735.6b | CN¥353.6b | CN¥20.1b | 32.1x | 36.6x | 2.1x |
| Sat, 08 Jan 2022 | CN¥788.5b | CN¥353.4b | CN¥20.1b | 33.3x | 39.2x | 2.2x |
| Mon, 06 Dec 2021 | CN¥675.7b | CN¥353.4b | CN¥20.1b | 25.7x | 33.6x | 1.9x |
| Wed, 03 Nov 2021 | CN¥656.4b | CN¥354.1b | CN¥20.2b | 17.9x | 32.5x | 1.9x |
| Fri, 01 Oct 2021 | CN¥655.6b | CN¥346.2b | CN¥24.3b | 22.2x | 27x | 1.9x |
| Sun, 29 Aug 2021 | CN¥657.8b | CN¥347.5b | CN¥24.6b | 22.3x | 26.8x | 1.9x |
| Mon, 05 Jul 2021 | CN¥678.8b | CN¥334.4b | CN¥23.0b | 25.1x | 29.5x | 2x |
Price to Earnings Ratio
29.5x
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 declined 4.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.0% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Chinese Telecom industry?
| CN Market | 0.061% | |
| Telecom | 1.75% | |
| Media | 1.42% | |
| Publishing | 3.78% | |
| Broadcasting | 2.84% | |
| Cable and Satellite | 0.80% | |
| Advertising | -1.31% | |
Industry PE
- Investors are most optimistic about the Broadcasting industry even though it's trading below its 3-year average PE ratio of 209x.
- Analysts are expecting annual earnings growth of 2.8%, which is higher than its past year's earnings decline of 2.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Cable and Satellite industry, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Publishing industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| 839 CITIC Guoan Information Industry | CN¥2.77 | 17.4% +CN¥1.6b | 31.9% | PS3.5x | |
| 601921 Zhejiang Publishing & Media | CN¥9.21 | 7.1% +CN¥1.4b | -7.7% | PE13.9x | |
| 601098 China South Publishing & Media Group | CN¥13.80 | 4.4% +CN¥1.0b | 4.3% | PE13.8x | |
| 793 Huawen Media Group | CN¥1.47 | 45.5% +CN¥918.7m | -37.7% | PS5.5x | |
| 719 Central China Land MediaLTD | CN¥11.52 | 7.6% +CN¥828.8m | -23.9% | PE8.9x |
