What ZO Future Group's (HKG:2309) P/S Is Not Telling You
Jul 25
Hong Kong (HSI) Entertainment Industry Analysis
UpdatedJul 27, 2024
DataAggregated Company Financials
Companies55
- 7D-1.9%
- 3M-12.0%
- 1Y-38.2%
- YTD-18.9%
Over the last 7 days, the Entertainment industry has dropped 1.9%, driven by declines in ZX and Kingsoft of 16% and 3.2%, respectively. Meanwhile, XD actually outperformed within the industry, gaining 16% in the last week. The industry has fallen 38% in the last year. As for the next few years, earnings are expected to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Sat, 27 Jul 2024 | HK$163.6b | HK$83.5b | HK$1.8b | 10.3x | 90x | 2x |
| Mon, 24 Jun 2024 | HK$179.6b | HK$83.8b | HK$1.8b | 11.5x | 98.3x | 2.1x |
| Wed, 22 May 2024 | HK$194.5b | HK$83.0b | HK$1.2b | 12.9x | 158.9x | 2.3x |
| 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 |
Price to Earnings Ratio
-123.6x
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 90.0x which is higher than its 3-year average PE of 48.0x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 2.0x.
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 7.2% 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 | -1.88% | |
| Telecom | -2.88% | |
| Entertainment | -1.88% | |
| Interactive Home Entertainment | -1.66% | |
| Movies and Entertainment | -2.06% | |
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 46.3%, 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 46% 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 20% 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 | |
|---|---|---|---|---|---|
| 2400 XD | HK$19.84 | 15.6% +HK$1.3b | 8.9% | PS2.6x | |
| 6633 Qingci Games | HK$3.00 | 12.8% +HK$235.1m | -42.9% | PS2.1x | |
| 547 Digital Domain Holdings | HK$0.24 | 11.4% +HK$199.5m | 2.9% | PS2.7x | |
| 2660 Zengame Technology Holding | HK$2.84 | 6.0% +HK$161.8m | -16.7% | PE3.7x | |
| 391 Mei Ah Entertainment Group | HK$0.14 | 21.7% +HK$148.1m | -22.2% | PS7x |
