Does Xinhua Winshare Publishing and Media (HKG:811) Have A Healthy Balance Sheet?
Nov 23
Hong Kong (HSI) Media Industry Analysis
UpdatedNov 30, 2023
DataAggregated Company Financials
Companies53
- 7D-5.2%
- 3M-6.5%
- 1Y-20.4%
- YTD-16.6%
Over the last 7 days, the Media industry has dropped 3.7%, driven by a pullback from China Literature of 10%. On the other hand Phoenix Media Investment (Holdings) is actually up 13%. Overall the industry is down 17% in 12 months. Looking forward, earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Hong Kong Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Nov 2023 | HK$74.3b | HK$70.5b | HK$131.2m | 10.5x | 566.6x | 1.1x |
| Sat, 28 Oct 2023 | HK$71.1b | HK$68.8b | -HK$43,874,859.00 | 8.8x | -1620.1x | 1x |
| Mon, 25 Sep 2023 | HK$74.8b | HK$68.9b | -HK$11,920,892.00 | 10x | -6277.5x | 1.1x |
| Wed, 23 Aug 2023 | HK$64.8b | HK$56.4b | -HK$1,373,315,479.00 | 10.6x | -47.2x | 1.1x |
| Fri, 21 Jul 2023 | HK$68.8b | HK$57.2b | -HK$1,968,042,085.00 | 12x | -35x | 1.2x |
| Sun, 18 Jun 2023 | HK$76.5b | HK$57.1b | -HK$2,150,053,445.00 | 11.6x | -35.6x | 1.3x |
| Tue, 16 May 2023 | HK$71.1b | HK$57.8b | -HK$1,920,713,377.00 | 11.8x | -37x | 1.2x |
| Thu, 13 Apr 2023 | HK$81.4b | HK$57.4b | -HK$1,993,805,143.00 | 14.6x | -40.8x | 1.4x |
| Sat, 11 Mar 2023 | HK$74.6b | HK$55.7b | -HK$684,086,103.00 | 11x | -109.1x | 1.3x |
| Mon, 06 Feb 2023 | HK$84.6b | HK$56.6b | -HK$235,669,479.00 | 13.1x | -358.9x | 1.5x |
| Wed, 04 Jan 2023 | HK$73.0b | HK$55.8b | -HK$281,475,872.00 | 11.7x | -259.4x | 1.3x |
| Fri, 02 Dec 2022 | HK$69.5b | HK$55.1b | -HK$310,669,506.00 | 11.1x | -223.7x | 1.3x |
| Sun, 30 Oct 2022 | HK$50.8b | HK$54.4b | -HK$442,212,576.00 | 14.1x | -114.8x | 0.9x |
| Tue, 27 Sep 2022 | HK$56.4b | HK$54.7b | -HK$383,101,936.00 | 14.1x | -147.1x | 1x |
| Thu, 25 Aug 2022 | HK$62.2b | HK$54.1b | -HK$981,612,951.00 | 9.7x | -63.4x | 1.1x |
| Sat, 23 Jul 2022 | HK$73.1b | HK$54.9b | HK$231.4m | 11.2x | 315.8x | 1.3x |
| Mon, 20 Jun 2022 | HK$73.7b | HK$54.9b | HK$371.2m | 14.7x | 198.5x | 1.3x |
| Wed, 18 May 2022 | HK$74.7b | HK$55.1b | HK$425.2m | 17.8x | 175.6x | 1.4x |
| Fri, 15 Apr 2022 | HK$74.8b | HK$56.8b | HK$480.7m | 16.8x | 155.6x | 1.3x |
| Sun, 13 Mar 2022 | HK$74.5b | HK$54.4b | -HK$2,568,221,193.00 | 11.8x | -29x | 1.4x |
| Tue, 08 Feb 2022 | HK$92.7b | HK$54.2b | -HK$2,529,363,164.00 | 12x | -36.7x | 1.7x |
| Thu, 06 Jan 2022 | HK$92.1b | HK$53.3b | -HK$2,641,524,680.00 | 14.9x | -34.9x | 1.7x |
| Sat, 04 Dec 2021 | HK$95.8b | HK$53.3b | -HK$2,641,934,986.00 | 13x | -36.3x | 1.8x |
| Mon, 01 Nov 2021 | HK$99.3b | HK$46.4b | -HK$3,009,452,020.00 | 13.8x | -33x | 2.1x |
| Wed, 29 Sep 2021 | HK$104.6b | HK$46.1b | -HK$2,995,346,005.00 | 15.8x | -34.9x | 2.3x |
| Fri, 27 Aug 2021 | HK$107.8b | HK$44.2b | -HK$2,780,442,289.41 | 16x | -38.8x | 2.4x |
| Sat, 03 Jul 2021 | HK$140.4b | HK$44.2b | -HK$2,780,442,289.41 | 17.3x | -50.5x | 3.2x |
| Tue, 06 Apr 2021 | HK$121.7b | HK$42.2b | -HK$5,753,297,002.83 | 17.6x | -21.2x | 2.9x |
| Fri, 08 Jan 2021 | HK$101.0b | HK$40.9b | -HK$8,821,559,538.93 | 17.8x | -11.5x | 2.5x |
Price to Earnings Ratio
-12.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Media industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 629x which is higher than its 3-year average PE of -368x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- Total earnings for the Media industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 22% 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 | -2.95% | |
| Telecom | -2.08% | |
| Media | -5.18% | |
| Broadcasting | 1.71% | |
| Cable and Satellite | 0% | |
| Advertising | -1.80% | |
| Publishing | -7.64% | |
Industry PE
- Investors are most optimistic about the Publishing industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 17.8%, which is higher than its past year's earnings decline of 23.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Broadcasting industry, expecting annual earnings growth of 68% over the next 5 years.
- In contrast, the Publishing industry is expected to see its earnings grow by 18% 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 | |
|---|---|---|---|---|---|
| 2008 Phoenix Media Investment (Holdings) | HK$0.27 | 12.5% +HK$149.8m | -23.9% | PS0.5x | |
| 2383 TOM Group | HK$0.68 | 4.6% +HK$118.7m | 4.6% | PS3.3x | |
| 1450 Be Friends Holding | HK$1.30 | 4.0% +HK$69.5m | -45.8% | PE26.7x | |
| 2486 Plus Group Holdings | HK$5.60 | 4.3% +HK$28.2m | n/a | PE14.6x | |
| 752 Pico Far East Holdings | HK$1.41 | 1.4% +HK$24.8m | 25.9% | PE9x |
