Narrative Update • Jul 07
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- 7D0.2%
- 3M-19.4%
- 1Y-29.8%
- YTDn/a
In the last week, Publishing has been flat. Unfortunately though, the industry is down 30% over the past 12 months. As for the next few years, earnings are expected to grow by 31% per annum.
Industry Valuation and Performance
Has the Hong Kong Publishing Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 14 Jul 2026 | HK$37.9b | HK$26.0b | HK$431.9m | 25.4x | 87.7x | 1.5x |
| Thu, 11 Jun 2026 | HK$43.5b | HK$26.1b | HK$467.3m | 14.7x | 93x | 1.7x |
| Sat, 09 May 2026 | HK$48.7b | HK$26.0b | HK$463.2m | 15.1x | 105x | 1.9x |
| Mon, 06 Apr 2026 | HK$46.6b | HK$25.8b | HK$484.5m | 15.1x | 96.2x | 1.8x |
| Wed, 04 Mar 2026 | HK$48.6b | HK$24.7b | HK$1.8b | 25.1x | 27.5x | 2x |
| Fri, 30 Jan 2026 | HK$58.4b | HK$24.5b | HK$1.8b | 26x | 33.3x | 2.4x |
| Sun, 28 Dec 2025 | HK$51.3b | HK$24.3b | HK$1.7b | 26.8x | 29.7x | 2.1x |
| Tue, 25 Nov 2025 | HK$56.4b | HK$24.1b | HK$1.7b | 28.9x | 32.5x | 2.3x |
| Thu, 23 Oct 2025 | HK$57.5b | HK$24.3b | HK$1.8b | 16.2x | 31.8x | 2.4x |
| Sat, 20 Sep 2025 | HK$63.4b | HK$24.4b | HK$1.8b | 16.5x | 34.9x | 2.6x |
| Mon, 18 Aug 2025 | HK$58.8b | HK$24.6b | HK$1.7b | 16.5x | 34.4x | 2.4x |
| Wed, 16 Jul 2025 | HK$51.2b | HK$25.8b | HK$1.3b | 12.5x | 38.2x | 2x |
| Fri, 13 Jun 2025 | HK$51.7b | HK$25.9b | HK$1.4b | 8x | 35.9x | 2x |
| Sun, 11 May 2025 | HK$47.0b | HK$25.5b | HK$1.4b | 7.7x | 33.8x | 1.8x |
| Tue, 08 Apr 2025 | HK$42.1b | HK$25.2b | HK$1.3b | 7.6x | 31.9x | 1.7x |
| Thu, 06 Mar 2025 | HK$44.4b | HK$25.2b | HK$2.6b | 10x | 17.4x | 1.8x |
| Sat, 01 Feb 2025 | HK$46.1b | HK$25.3b | HK$2.6b | 10.1x | 18x | 1.8x |
| Mon, 30 Dec 2024 | HK$46.8b | HK$25.1b | HK$2.5b | 10.3x | 18.4x | 1.9x |
| Wed, 27 Nov 2024 | HK$43.7b | HK$25.3b | HK$2.6b | 10.7x | 17.1x | 1.7x |
| Fri, 25 Oct 2024 | HK$47.6b | HK$25.7b | HK$2.6b | 10.2x | 18.2x | 1.9x |
| Sun, 22 Sep 2024 | HK$43.8b | HK$25.9b | HK$2.7b | 9.1x | 16.5x | 1.7x |
| Tue, 20 Aug 2024 | HK$43.5b | HK$25.4b | HK$2.7b | 10.1x | 16.3x | 1.7x |
| Thu, 18 Jul 2024 | HK$44.5b | HK$24.1b | HK$2.5b | 9.9x | 17.9x | 1.8x |
| Sat, 15 Jun 2024 | HK$48.4b | HK$24.2b | HK$2.4b | 7.6x | 19.9x | 2x |
| Mon, 13 May 2024 | HK$50.4b | HK$24.3b | HK$2.5b | 7.5x | 20.3x | 2.1x |
| Wed, 10 Apr 2024 | HK$46.4b | HK$24.1b | HK$2.5b | 7.3x | 18.7x | 1.9x |
| Fri, 08 Mar 2024 | HK$42.8b | HK$23.7b | HK$2.4b | 8x | 18x | 1.8x |
| Sun, 04 Feb 2024 | HK$39.6b | HK$23.7b | HK$2.4b | 8.6x | 16.6x | 1.7x |
| Tue, 02 Jan 2024 | HK$47.3b | HK$24.0b | HK$2.4b | 9.4x | 19.5x | 2x |
| Thu, 30 Nov 2023 | HK$44.7b | HK$23.8b | HK$2.4b | 10x | 18.3x | 1.9x |
| Sat, 28 Oct 2023 | HK$43.9b | HK$23.2b | HK$2.4b | 12x | 18.5x | 1.9x |
| Mon, 25 Sep 2023 | HK$46.8b | HK$23.3b | HK$2.4b | 12.1x | 19.7x | 2x |
| Wed, 23 Aug 2023 | HK$35.0b | HK$11.0b | HK$783.9m | 17.6x | 44.6x | 3.2x |
| Fri, 21 Jul 2023 | HK$37.6b | HK$12.0b | HK$660.0m | 33.8x | 57x | 3.1x |
Price to Earnings Ratio
57x
Current Industry PE
- Investors are optimistic on the Hong Kong Publishing industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 87.7x which is higher than its 3-year average PE of 33.3x.
- The 3-year average PS ratio of 2.0x is higher than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Publishing industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 29% 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 Comparison
How does Hong Kong Publishing compare with similar industries?
| HK Market | 0.38% | |
| Telecom | 1.55% | |
| Media | 11.27% | |
| Publishing | 0.15% | |
| Advertising | 17.67% | |
| Broadcasting | 2.07% | |
| Cable and Satellite | 0% | 0 |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 811 Xinhua Winshare Publishing and Media | HK$8.95 | 1.0% +HK$111.0m | -23.4% | PE6.1x | |
| 685 Media Chinese International | HK$0.21 | 11.7% +HK$35.7m | 9.4% | PS0.3x | |
| 1105 Sing Tao News | HK$0.17 | 1.2% +HK$1.8m | -16.7% | PS0.2x | |
| 8006 Sino Splendid Holdings | HK$0.11 | 1.8% +HK$737.7k | -19.3% | PS1x | |
| 426 One Media Group | HK$0.15 | 0.7% +HK$400.9k | 204.2% | PS1.8x |