Hong Kong (HSI) Publishing Industry Analysis

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
Thu, 09 Jul 2026	HK$38.7b	HK$25.9b	HK$429.0m	25.5x	90.2x	1.5x
Sat, 06 Jun 2026	HK$43.0b	HK$26.1b	HK$468.1m	14.4x	91.8x	1.6x
Mon, 04 May 2026	HK$45.3b	HK$25.9b	HK$463.5m	14.8x	97.8x	1.7x
Wed, 01 Apr 2026	HK$46.1b	HK$25.7b	HK$475.6m	15.3x	96.9x	1.8x
Fri, 27 Feb 2026	HK$51.8b	HK$24.9b	HK$1.8b	26.8x	28.9x	2.1x
Sun, 25 Jan 2026	HK$58.1b	HK$24.5b	HK$1.7b	26x	33.2x	2.4x
Tue, 23 Dec 2025	HK$51.5b	HK$24.2b	HK$1.7b	26.8x	29.9x	2.1x
Thu, 20 Nov 2025	HK$55.8b	HK$24.1b	HK$1.8b	16x	31.7x	2.3x
Sat, 18 Oct 2025	HK$56.0b	HK$24.3b	HK$1.8b	16.2x	31x	2.3x
Mon, 15 Sep 2025	HK$63.6b	HK$24.3b	HK$1.8b	16.5x	35.1x	2.6x
Wed, 13 Aug 2025	HK$52.6b	HK$25.8b	HK$1.3b	12.4x	39.4x	2x
Fri, 11 Jul 2025	HK$50.5b	HK$25.8b	HK$1.3b	12.2x	37.7x	2x
Sun, 08 Jun 2025	HK$49.8b	HK$25.9b	HK$1.4b	8x	34.6x	1.9x
Tue, 06 May 2025	HK$47.6b	HK$25.3b	HK$1.4b	7.9x	34.6x	1.9x
Thu, 03 Apr 2025	HK$46.6b	HK$25.4b	HK$1.3b	8x	35.1x	1.8x
Sat, 01 Mar 2025	HK$43.8b	HK$25.2b	HK$2.5b	10x	17.2x	1.7x
Mon, 27 Jan 2025	HK$45.0b	HK$25.3b	HK$2.6b	10.1x	17.5x	1.8x
Wed, 25 Dec 2024	HK$47.4b	HK$25.1b	HK$2.5b	10.5x	18.6x	1.9x
Fri, 22 Nov 2024	HK$44.7b	HK$25.4b	HK$2.6b	9.9x	17.4x	1.8x
Sun, 20 Oct 2024	HK$48.0b	HK$25.7b	HK$2.6b	10.3x	18.3x	1.9x
Tue, 17 Sep 2024	HK$44.3b	HK$25.8b	HK$2.6b	8.6x	16.8x	1.7x
Thu, 15 Aug 2024	HK$43.6b	HK$25.4b	HK$2.7b	10x	16.4x	1.7x
Sat, 13 Jul 2024	HK$44.6b	HK$24.1b	HK$2.5b	10.1x	17.9x	1.8x
Mon, 10 Jun 2024	HK$45.7b	HK$24.2b	HK$2.4b	7.5x	18.8x	1.9x
Wed, 08 May 2024	HK$48.5b	HK$24.3b	HK$2.5b	7.2x	19.5x	2x
Fri, 05 Apr 2024	HK$44.5b	HK$24.1b	HK$2.5b	7.5x	18x	1.8x
Sun, 03 Mar 2024	HK$43.2b	HK$23.8b	HK$2.4b	8.2x	18.2x	1.8x
Tue, 30 Jan 2024	HK$41.7b	HK$23.7b	HK$2.4b	8.5x	17.4x	1.8x
Thu, 28 Dec 2023	HK$45.8b	HK$23.8b	HK$2.4b	9.6x	19x	1.9x
Sat, 25 Nov 2023	HK$46.9b	HK$23.7b	HK$2.4b	10.5x	19.4x	2x
Mon, 23 Oct 2023	HK$43.4b	HK$23.2b	HK$2.4b	12x	18.3x	1.9x
Wed, 20 Sep 2023	HK$46.7b	HK$23.3b	HK$2.4b	12.1x	19.7x	2x
Fri, 18 Aug 2023	HK$36.6b	HK$11.0b	HK$784.3m	16.8x	46.6x	3.3x
Sun, 16 Jul 2023	HK$39.1b	HK$12.0b	HK$662.5m	34.9x	59.1x	3.3x

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 90.2x which is higher than its 3-year average PE of 33.2x.

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	3.43%
Telecom	7.95%
Media	6.54%
Publishing	6.58%
Advertising	6.79%
Broadcasting	2.78%
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.

Company	Last Price	7D	1Y	Valuation
772 China Literature	HK$20.66	5.6% +HK$1.1b	-31.2%	PS2.5x
811 Xinhua Winshare Publishing and Media	HK$8.88	2.8% +HK$296.1m	-23.1%	PE6.1x
8006 Sino Splendid Holdings	HK$0.11	6.7% +HK$2.6m	-9.0%	PS1x

Company

Last Price

Valuation

772 China Literature

HK$20.66

5.6%
+HK$1.1b

-31.2%

PS2.5x

811 Xinhua Winshare Publishing and Media

HK$8.88

2.8%
+HK$296.1m

-23.1%

PE6.1x

8006 Sino Splendid Holdings

HK$0.11

6.7%
+HK$2.6m

-9.0%

PS1x

New minor risk - Profitability

The company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: US$11m Forecast net loss in 1 year: US$9.6m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Paying a dividend despite having no free cash flows. Earnings have declined by 55% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$9.6m net loss next year). Market cap is less than US$100m (HK$308.1m market cap, or US$39.3m).

Hong Kong (HSI) Publishing Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

772: Buyback Program Will Create Attractive Entry Point For Future Upside

Full year 2026 earnings released: HK$0.03 loss per share (vs HK$0.017 loss in FY 2025)

New minor risk - Profitability

Xinhua Winshare Publishing and Media Co., Ltd. to Report First Half, 2026 Results on Aug 27, 2026

New minor risk - Dividend sustainability

Winto Group (Holdings) Limited announced that it expects to receive HKD 3.5 million in funding

Sino Splendid Holdings Limited, Annual General Meeting, Jun 30, 2026

Full year 2026 earnings released: HK$0.068 loss per share (vs HK$0.064 loss in FY 2025)

Sing Tao News Corporation Limited Announces Management Changes, Effective May 29, 2026

Full year 2025 earnings released: HK$0.051 loss per share (vs HK$0.065 loss in FY 2024)