Southern Publishing and Media Co.,Ltd. (SHSE:601900) Shares Could Be 29% Above Their Intrinsic Value Estimate
Jun 23
Chinese (SSE) Media Industry Analysis
UpdatedJun 24, 2024
DataAggregated Company Financials
Companies74
- 7D-4.6%
- 3M-18.5%
- 1Y-27.4%
- YTD-15.3%
Over the last 7 days, the Media industry has dropped 4.6%, driven by Zhejiang Publishing & Media declining 12%. The industry has fallen 27% in the last year. As for the next few years, earnings are expected to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Mon, 24 Jun 2024 | CN¥664.4b | CN¥365.1b | CN¥20.3b | 38.1x | 32.8x | 1.8x |
| Wed, 22 May 2024 | CN¥737.3b | CN¥365.1b | CN¥20.3b | 44x | 36.3x | 2x |
| Fri, 19 Apr 2024 | CN¥735.5b | CN¥358.8b | CN¥19.2b | 31.1x | 38.2x | 2.1x |
| Sun, 17 Mar 2024 | CN¥782.2b | CN¥352.8b | CN¥19.9b | 37.9x | 39.3x | 2.2x |
| Tue, 13 Feb 2024 | CN¥670.1b | CN¥352.6b | CN¥19.0b | 32.7x | 35.3x | 1.9x |
| Thu, 11 Jan 2024 | CN¥730.8b | CN¥354.1b | CN¥18.3b | 37.7x | 39.9x | 2.1x |
| Sat, 09 Dec 2023 | CN¥842.3b | CN¥354.3b | CN¥18.3b | 43.5x | 46x | 2.4x |
| Mon, 06 Nov 2023 | CN¥775.8b | CN¥356.1b | CN¥18.3b | 39.1x | 42.4x | 2.2x |
| Wed, 04 Oct 2023 | CN¥787.8b | CN¥344.4b | CN¥16.3b | 39.6x | 48.5x | 2.3x |
| Fri, 01 Sep 2023 | CN¥844.0b | CN¥345.2b | CN¥16.3b | 43.6x | 51.7x | 2.4x |
| Sun, 30 Jul 2023 | CN¥811.4b | CN¥335.8b | CN¥15.4b | 48x | 52.6x | 2.4x |
| Tue, 27 Jun 2023 | CN¥869.9b | CN¥338.4b | CN¥16.3b | 50.2x | 53.3x | 2.6x |
| Thu, 25 May 2023 | CN¥829.9b | CN¥338.2b | CN¥16.8b | 49.8x | 49.5x | 2.5x |
| Sat, 22 Apr 2023 | CN¥866.6b | CN¥341.8b | CN¥19.3b | 39.8x | 44.8x | 2.5x |
| Mon, 20 Mar 2023 | CN¥811.1b | CN¥340.3b | CN¥19.4b | 34.2x | 41.8x | 2.4x |
| Wed, 15 Feb 2023 | CN¥721.0b | CN¥340.4b | CN¥19.4b | 35.4x | 37.3x | 2.1x |
| Fri, 13 Jan 2023 | CN¥665.9b | CN¥337.7b | CN¥19.3b | 32.8x | 34.5x | 2x |
| Sun, 11 Dec 2022 | CN¥659.8b | CN¥337.8b | CN¥19.3b | 31.4x | 34.2x | 2x |
| Tue, 08 Nov 2022 | CN¥611.9b | CN¥338.1b | CN¥19.4b | 32.2x | 31.6x | 1.8x |
| Thu, 06 Oct 2022 | CN¥572.9b | CN¥340.8b | CN¥20.7b | 26.5x | 27.7x | 1.7x |
| Sat, 03 Sep 2022 | CN¥649.0b | CN¥342.3b | CN¥20.8b | 31.9x | 31.2x | 1.9x |
| Mon, 01 Aug 2022 | CN¥619.1b | CN¥347.5b | CN¥22.5b | 28x | 27.5x | 1.8x |
| Wed, 29 Jun 2022 | CN¥648.8b | CN¥347.1b | CN¥22.5b | 28.8x | 28.8x | 1.9x |
| Fri, 27 May 2022 | CN¥607.2b | CN¥346.5b | CN¥22.4b | 27.3x | 27.1x | 1.8x |
| Sun, 24 Apr 2022 | CN¥599.8b | CN¥353.6b | CN¥22.4b | 23.4x | 26.8x | 1.7x |
| Tue, 22 Mar 2022 | CN¥659.9b | CN¥352.6b | CN¥20.5b | 29.3x | 32.2x | 1.9x |
| Thu, 17 Feb 2022 | CN¥735.9b | CN¥352.5b | CN¥20.1b | 31.3x | 36.7x | 2.1x |
| Sat, 15 Jan 2022 | CN¥772.0b | CN¥353.4b | CN¥20.1b | 34.4x | 38.4x | 2.2x |
| Mon, 13 Dec 2021 | CN¥700.9b | CN¥353.4b | CN¥20.1b | 27.9x | 34.9x | 2x |
| Wed, 10 Nov 2021 | CN¥673.6b | CN¥350.6b | CN¥19.7b | 25.3x | 34.3x | 1.9x |
| Fri, 08 Oct 2021 | CN¥655.6b | CN¥346.2b | CN¥24.3b | 22.2x | 27x | 1.9x |
| Sun, 05 Sep 2021 | CN¥688.4b | CN¥347.9b | CN¥24.6b | 23.2x | 28x | 2x |
| Tue, 03 Aug 2021 | CN¥659.8b | CN¥345.8b | CN¥24.4b | 23.6x | 27.1x | 1.9x |
Price to Earnings Ratio
29.5x
Current Industry PE
- Investors are pessimistic on the Chinese Media industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 32.8x which is lower than its 3-year average PE of 37.3x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
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 | -1.90% | |
| Telecom | -4.32% | |
| Media | -4.62% | |
| Advertising | -3.27% | |
| Cable and Satellite | -3.88% | |
| Broadcasting | -5.42% | |
| Publishing | -5.94% | |
Industry PE
- Investors are most optimistic about the Broadcasting industry even though it's trading below its 3-year average PE ratio of 208x.
- 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 | |
|---|---|---|---|---|---|
| 2131 Leo Group | CN¥1.40 | 2.9% +CN¥270.8m | -39.4% | PE8.4x | |
| 603825 Hylink Digital SolutionsLtd | CN¥8.45 | 10.5% +CN¥202.7m | -34.9% | PS0.5x |
