Weak Statutory Earnings May Not Tell The Whole Story For China Ruyi Holdings (HKG:136)
Apr 19
Hong Kong (HSI) Entertainment Industry Analysis
UpdatedApr 19, 2024
DataAggregated Company Financials
Companies56
- 7D-5.7%
- 3M-5.9%
- 1Y-36.8%
- YTD-12.2%
Over the last 7 days, the Entertainment industry has dropped 5.7%, driven by China Ruyi Holdings declining 9.7%. On the other hand Digital Domain Holdings is actually up 7.8%. The industry has fallen 37% in the last year. As for the next few years, earnings are expected to grow by 36% per annum.
Industry Valuation and Performance
Has the Hong Kong Entertainment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Apr 2024 | HK$175.0b | HK$83.2b | HK$1.2b | 11.3x | 142.2x | 2.1x |
| Sun, 17 Mar 2024 | HK$178.4b | HK$82.4b | HK$1.1b | 21.7x | 168x | 2.2x |
| Tue, 13 Feb 2024 | HK$167.4b | HK$83.0b | HK$590.8m | 22.2x | 283.3x | 2x |
| Thu, 11 Jan 2024 | HK$176.5b | HK$92.5b | -HK$1,299,754,572.00 | 18.9x | -135.8x | 1.9x |
| Sat, 09 Dec 2023 | HK$187.1b | HK$92.5b | -HK$1,303,178,280.00 | 19x | -143.5x | 2x |
| Mon, 06 Nov 2023 | HK$196.1b | HK$90.2b | -HK$8,476,528,776.00 | 15.8x | -23.1x | 2.2x |
| Wed, 04 Oct 2023 | HK$209.4b | HK$98.3b | -HK$8,086,421,383.00 | 15.8x | -25.9x | 2.1x |
| Fri, 01 Sep 2023 | HK$205.6b | HK$90.0b | -HK$9,092,613,319.00 | 16.7x | -22.6x | 2.3x |
| Sun, 30 Jul 2023 | HK$253.5b | HK$86.6b | -HK$12,517,290,466.00 | 19.8x | -20.3x | 2.9x |
| Tue, 27 Jun 2023 | HK$229.5b | HK$86.2b | -HK$12,575,840,442.00 | 22.5x | -18.3x | 2.7x |
| Thu, 25 May 2023 | HK$227.9b | HK$88.5b | -HK$12,301,515,401.00 | 22.8x | -18.5x | 2.6x |
| Sat, 22 Apr 2023 | HK$247.1b | HK$90.1b | -HK$12,676,905,091.00 | 26.6x | -19.5x | 2.7x |
| Mon, 20 Mar 2023 | HK$236.7b | HK$89.6b | -HK$7,195,221,448.00 | 12.3x | -32.9x | 2.6x |
| Wed, 15 Feb 2023 | HK$240.9b | HK$90.0b | -HK$5,150,540,720.00 | 8.9x | -46.8x | 2.7x |
| Fri, 13 Jan 2023 | HK$216.7b | HK$87.9b | -HK$5,026,573,681.00 | 6.9x | -43.1x | 2.5x |
| Sun, 11 Dec 2022 | HK$184.1b | HK$84.4b | -HK$4,583,656,602.00 | 7.3x | -40.2x | 2.2x |
| Tue, 08 Nov 2022 | HK$159.7b | HK$77.2b | HK$2.1b | 8.3x | 74.6x | 2.1x |
| Thu, 06 Oct 2022 | HK$163.4b | HK$77.9b | HK$2.1b | 8.7x | 76.7x | 2.1x |
| Sat, 03 Sep 2022 | HK$174.4b | HK$78.6b | HK$2.1b | 7.4x | 81.7x | 2.2x |
| Mon, 01 Aug 2022 | HK$164.1b | HK$78.6b | -HK$4,228,107,641.00 | 8.3x | -38.8x | 2.1x |
| Wed, 29 Jun 2022 | HK$184.7b | HK$79.3b | -HK$4,030,615,927.00 | 8.9x | -45.8x | 2.3x |
| Fri, 27 May 2022 | HK$155.1b | HK$84.8b | -HK$3,994,256,830.00 | 8.6x | -38.8x | 1.8x |
| Sun, 24 Apr 2022 | HK$157.5b | HK$85.8b | -HK$3,975,389,769.00 | 8.3x | -39.6x | 1.8x |
| Tue, 22 Mar 2022 | HK$150.9b | HK$79.2b | HK$805.2m | 7.1x | 187.4x | 1.9x |
| Thu, 17 Feb 2022 | HK$184.3b | HK$78.8b | HK$551.8m | 9.5x | 334x | 2.3x |
| Sat, 15 Jan 2022 | HK$190.3b | HK$78.6b | HK$527.9m | 9.5x | 360.4x | 2.4x |
| Mon, 13 Dec 2021 | HK$195.6b | HK$78.6b | HK$532.2m | 10.4x | 367.5x | 2.5x |
| Wed, 10 Nov 2021 | HK$197.9b | HK$77.6b | HK$955.5m | 11x | 207.1x | 2.6x |
| Fri, 08 Oct 2021 | HK$189.6b | HK$76.4b | HK$586.0m | 10.7x | 323.6x | 2.5x |
| Sun, 05 Sep 2021 | HK$162.2b | HK$67.8b | -HK$1,359,490,723.31 | 12.3x | -119.3x | 2.4x |
| Tue, 03 Aug 2021 | HK$168.1b | HK$67.8b | -HK$1,359,490,723.31 | 11.1x | -123.6x | 2.5x |
| Fri, 07 May 2021 | HK$225.6b | HK$67.0b | -HK$1,088,817,165.59 | 11.7x | -207.2x | 3.4x |
Price to Earnings Ratio
-207.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Entertainment industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 142x which is higher than its 3-year average PE of 21.5x.
- The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- Total earnings for the Entertainment industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 7.5% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Telecom industry?
| HK Market | -1.99% | |
| Telecom | -1.90% | |
| Entertainment | -5.69% | |
| Interactive Home Entertainment | -4.10% | |
| Movies and Entertainment | -7.29% | |
Industry PE
- Investors are most optimistic about the Interactive Home Entertainment industry even though it's trading below its 3-year average PE ratio of 101x.
- Analysts are expecting annual earnings growth of 49.9%, which is higher than its past year's earnings growth of 25.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Interactive Home Entertainment industry, expecting annual earnings growth of 50% over the next 5 years.
- This is better than its past earnings growth rate of 25% per year.
- In contrast, the Movies and Entertainment industry is expected to see its earnings grow by 24% 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 | |
|---|---|---|---|---|---|
| 547 Digital Domain Holdings | HK$0.48 | 7.8% +HK$279.3m | 98.0% | PS5.3x | |
| 326 China Star Entertainment | HK$0.70 | 6.1% +HK$97.1m | -12.5% | PS8.2x | |
| 2458 Gala Technology Holding | HK$4.82 | 15.0% +HK$86.9m | -7.3% | PE8.3x | |
| 8172 Lajin Entertainment Network Group | HK$0.069 | 9.5% +HK$25.3m | 25.5% | PS10x | |
| 6820 FriendTimes | HK$0.90 | 1.1% +HK$21.2m | -9.1% | PS1.7x |
