Narrative Update • Jun 04
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- 7D-3.3%
- 3M-20.1%
- 1Y-23.9%
- YTDn/a
Last week, the Publishing industry hasn't moved much but One Media Group is up 82% in that time. As for the longer term, the industry has declined 20% in the last year. As for the next few years, earnings are expected to grow by 32% 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, 16 Jun 2026 | HK$40.7b | HK$26.1b | HK$468.3m | 14.3x | 87x | 1.6x |
| Thu, 14 May 2026 | HK$46.8b | HK$26.0b | HK$464.9m | 15.3x | 100.7x | 1.8x |
| Sat, 11 Apr 2026 | HK$49.3b | HK$25.9b | HK$463.1m | 15.8x | 106.5x | 1.9x |
| Mon, 09 Mar 2026 | HK$49.7b | HK$24.7b | HK$1.8b | 25.1x | 28x | 2x |
| Wed, 04 Feb 2026 | HK$55.9b | HK$24.6b | HK$1.8b | 26x | 31.8x | 2.3x |
| Fri, 02 Jan 2026 | HK$52.0b | HK$24.3b | HK$1.7b | 26x | 29.9x | 2.1x |
| Sun, 30 Nov 2025 | HK$57.1b | HK$24.1b | HK$1.7b | 28.1x | 33.3x | 2.4x |
| Tue, 28 Oct 2025 | HK$61.8b | HK$24.4b | HK$1.8b | 16x | 34x | 2.5x |
| Thu, 25 Sep 2025 | HK$61.7b | HK$24.3b | HK$1.8b | 16.2x | 34x | 2.5x |
| Sat, 23 Aug 2025 | HK$63.1b | HK$24.6b | HK$1.7b | 16.2x | 36.9x | 2.6x |
| Mon, 21 Jul 2025 | HK$52.9b | HK$25.8b | HK$1.3b | 12.2x | 39.5x | 2.1x |
| Wed, 18 Jun 2025 | HK$50.9b | HK$25.8b | HK$1.4b | 10.7x | 37.3x | 2x |
| Fri, 16 May 2025 | HK$46.9b | HK$25.7b | HK$1.4b | 7.9x | 33.5x | 1.8x |
| Sun, 13 Apr 2025 | HK$45.4b | HK$25.3b | HK$1.3b | 7.9x | 34.4x | 1.8x |
| Tue, 11 Mar 2025 | HK$45.1b | HK$25.2b | HK$2.5b | 10x | 17.7x | 1.8x |
| Thu, 06 Feb 2025 | HK$46.2b | HK$25.2b | HK$2.6b | 9.9x | 18.1x | 1.8x |
| Sat, 04 Jan 2025 | HK$45.1b | HK$25.1b | HK$2.5b | 10.1x | 17.8x | 1.8x |
| Mon, 02 Dec 2024 | HK$47.5b | HK$25.3b | HK$2.6b | 10.6x | 18.5x | 1.9x |
| Wed, 30 Oct 2024 | HK$48.5b | HK$25.6b | HK$2.6b | 10x | 18.6x | 1.9x |
| Fri, 27 Sep 2024 | HK$47.4b | HK$26.0b | HK$2.7b | 9.4x | 17.8x | 1.8x |
| Sun, 25 Aug 2024 | HK$43.3b | HK$25.4b | HK$2.7b | 10x | 16.2x | 1.7x |
| Tue, 23 Jul 2024 | HK$45.1b | HK$24.0b | HK$2.5b | 10x | 18.2x | 1.9x |
| Thu, 20 Jun 2024 | HK$47.2b | HK$24.2b | HK$2.4b | 7.5x | 19.4x | 2x |
| Sat, 18 May 2024 | HK$48.9b | HK$24.2b | HK$2.5b | 7.8x | 19.8x | 2x |
| Mon, 15 Apr 2024 | HK$45.9b | HK$24.1b | HK$2.5b | 7.2x | 18.5x | 1.9x |
| Wed, 13 Mar 2024 | HK$45.2b | HK$23.8b | HK$2.4b | 8x | 19x | 1.9x |
| Fri, 09 Feb 2024 | HK$38.3b | HK$23.9b | HK$2.4b | 8.6x | 15.9x | 1.6x |
| Sun, 07 Jan 2024 | HK$46.0b | HK$23.9b | HK$2.4b | 9.4x | 19.1x | 1.9x |
| Tue, 05 Dec 2023 | HK$44.7b | HK$23.9b | HK$2.4b | 9.9x | 18.6x | 1.9x |
| Thu, 02 Nov 2023 | HK$42.8b | HK$23.4b | HK$2.5b | 11.7x | 17.1x | 1.8x |
| Sat, 30 Sep 2023 | HK$46.7b | HK$23.3b | HK$2.4b | 12x | 19.7x | 2x |
| Mon, 28 Aug 2023 | HK$35.2b | HK$11.1b | HK$851.8m | 16.3x | 41.3x | 3.2x |
| Wed, 26 Jul 2023 | HK$39.4b | HK$12.0b | HK$662.1m | 35.1x | 59.4x | 3.3x |
| Fri, 23 Jun 2023 | HK$41.1b | HK$12.1b | HK$685.6m | 33.1x | 60x | 3.4x |
Price to Earnings Ratio
60x
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 90.5x which is higher than its 3-year average PE of 32.6x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Publishing industry have declined 12% 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 | 1.53% | |
| Telecom | 1.86% | |
| Media | -0.57% | |
| Publishing | -3.34% | |
| Broadcasting | 3.05% | |
| Advertising | 1.70% | |
| 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 | |
|---|---|---|---|---|---|
| 426 One Media Group | HK$0.23 | 82.0% +HK$42.1m | 406.5% | PS2.9x | |
| 2383 TOM Group | HK$0.39 | 2.7% +HK$39.6m | -15.4% | PS2.1x | |
| 8238 Winto Group (Holdings) | HK$0.14 | 4.3% +HK$2.1m | -32.1% | PS1.9x | |
| 8006 Sino Splendid Holdings | HK$0.10 | 4.0% +HK$1.5m | 1.9% | PS1x |