Calculating The Fair Value Of China Ruyi Holdings Limited (HKG:136)
Sep 27
Hong Kong (HSI) Entertainment Industry Analysis
UpdatedOct 03, 2023
DataAggregated Company Financials
Companies61
- 7D1.7%
- 3M-15.3%
- 1Y8.8%
- YTD-10.6%
Last week, the Entertainment industry hasn't moved much but Alibaba Pictures Group is up 8.8% in that time. As for the the longer term, the industry is up 7.9% over the past 12 months. Earnings are forecast to grow by 73% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 03 Oct 2023 | HK$209.4b | HK$98.3b | -HK$8,085,182,103.00 | 15.7x | -25.9x | 2.1x |
| Thu, 31 Aug 2023 | HK$200.8b | HK$89.6b | -HK$10,362,368,634.00 | 17.8x | -19.4x | 2.2x |
| Sat, 29 Jul 2023 | HK$253.5b | HK$86.6b | -HK$12,511,900,126.00 | 19.9x | -20.3x | 2.9x |
| Mon, 26 Jun 2023 | HK$225.6b | HK$86.6b | -HK$12,639,892,440.00 | 21.4x | -17.9x | 2.6x |
| Wed, 24 May 2023 | HK$234.0b | HK$88.4b | -HK$12,405,874,739.00 | 22.9x | -18.9x | 2.6x |
| Fri, 21 Apr 2023 | HK$255.7b | HK$90.2b | -HK$12,689,099,905.00 | 26.9x | -20.2x | 2.8x |
| Sun, 19 Mar 2023 | HK$236.7b | HK$89.6b | -HK$7,195,221,448.00 | 12.3x | -32.9x | 2.6x |
| Tue, 14 Feb 2023 | HK$245.9b | HK$89.9b | -HK$5,148,606,668.00 | 9.2x | -47.8x | 2.7x |
| Thu, 12 Jan 2023 | HK$217.4b | HK$87.8b | -HK$5,022,022,152.00 | 6.8x | -43.3x | 2.5x |
| Sat, 10 Dec 2022 | HK$184.1b | HK$84.3b | -HK$4,581,288,460.00 | 7.3x | -40.2x | 2.2x |
| Mon, 07 Nov 2022 | HK$154.5b | HK$77.1b | HK$2.2b | 8.1x | 71.3x | 2x |
| Wed, 05 Oct 2022 | HK$156.7b | HK$77.9b | HK$2.1b | 8.4x | 73.5x | 2x |
| Fri, 02 Sep 2022 | HK$175.7b | HK$80.5b | -HK$465,804,976.00 | 9.1x | -377.2x | 2.2x |
| Sun, 31 Jul 2022 | HK$164.1b | HK$78.7b | -HK$4,083,418,100.00 | 8x | -40.2x | 2.1x |
| Tue, 28 Jun 2022 | HK$184.7b | HK$79.4b | -HK$4,031,609,137.00 | 9x | -45.8x | 2.3x |
| Thu, 26 May 2022 | HK$155.1b | HK$84.8b | -HK$3,994,256,830.00 | 8.6x | -38.8x | 1.8x |
| Sat, 23 Apr 2022 | HK$157.5b | HK$86.3b | -HK$3,987,369,983.00 | 8.2x | -39.5x | 1.8x |
| Mon, 21 Mar 2022 | HK$150.8b | HK$79.2b | HK$805.2m | 6.8x | 187.3x | 1.9x |
| Wed, 16 Feb 2022 | HK$181.6b | HK$78.7b | HK$541.7m | 9.4x | 335.3x | 2.3x |
| Fri, 14 Jan 2022 | HK$189.4b | HK$78.6b | HK$530.6m | 9x | 356.9x | 2.4x |
| Sun, 12 Dec 2021 | HK$195.6b | HK$78.6b | HK$532.2m | 10.4x | 367.5x | 2.5x |
| Tue, 09 Nov 2021 | HK$197.9b | HK$77.6b | HK$955.5m | 11x | 207.1x | 2.6x |
| Thu, 07 Oct 2021 | HK$182.4b | HK$76.4b | HK$584.9m | 10.2x | 311.8x | 2.4x |
| Sat, 04 Sep 2021 | HK$162.2b | HK$67.8b | -HK$1,359,490,723.31 | 12.3x | -119.3x | 2.4x |
| Mon, 02 Aug 2021 | HK$177.8b | HK$67.8b | -HK$1,359,490,723.31 | 12.2x | -130.8x | 2.6x |
| Thu, 06 May 2021 | HK$225.6b | HK$67.0b | -HK$1,088,817,165.59 | 11.7x | -207.2x | 3.4x |
| Sun, 07 Feb 2021 | HK$191.9b | HK$66.2b | -HK$2,180,344,129.68 | 10.8x | -88x | 2.9x |
| Sat, 31 Oct 2020 | HK$158.8b | HK$64.5b | -HK$2,702,717,720.13 | 12.3x | -58.7x | 2.5x |
Price to Earnings Ratio
-67x
Current Industry PE
- Investors are pessimistic on the Hong Kong Entertainment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Entertainment industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 15% 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 caused losses to expand.
Industry Trends
Which industries have driven the changes within the Hong Kong Telecom industry?
| HK Market | 1.38% | |
| Telecom | 1.24% | |
| Entertainment | 1.75% | |
| Movies and Entertainment | 3.87% | |
| Interactive Home Entertainment | -0.92% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Interactive Home Entertainment industry, expecting annual earnings growth of 89% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the Movies and Entertainment industry is expected to see its earnings grow by 51% 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 | |
|---|---|---|---|---|---|
| 9899 Cloud Music | HK$88.80 | 11.8% +HK$2.0b | 35.0% | PE51.6x | |
| 136 China Ruyi Holdings | HK$2.05 | 4.6% +HK$989.9m | 21.3% | PE55.3x | |
| 8446 Brightstar Technology Group | HK$2.77 | 12.1% +HK$244.0m | -68.9% | PE128.3x | |
| 9990 Archosaur Games | HK$2.52 | 6.8% +HK$127.9m | -11.0% | PS2.9x | |
| 1970 IMAX China Holding | HK$8.53 | 3.3% +HK$91.5m | 54.5% | PE15.5x |
