Why We're Not Concerned Yet About Asiaray Media Group Limited's (HKG:1993) 26% Share Price Plunge
Aug 15
Hong Kong (HSI) Media Industry Analysis
UpdatedAug 25, 2024
DataAggregated Company Financials
Companies52
- 7D-0.3%
- 3M-3.3%
- 1Y-18.0%
- YTD-0.5%
Over the last 7 days, the Media industry has remained flat, although notably Qunabox Group gained 4.1%. As for the longer term, the industry has declined 18% in the last year. As for the next few years, earnings are expected to grow by 15% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 25 Aug 2024 | HK$83.1b | HK$77.8b | -HK$430,803,624.20 | 9.4x | -192.9x | 1.1x |
| Tue, 23 Jul 2024 | HK$72.3b | HK$74.4b | HK$1.2b | 11.7x | 60.4x | 1x |
| Thu, 20 Jun 2024 | HK$75.5b | HK$74.1b | HK$1.1b | 13.6x | 71.5x | 1x |
| Sat, 18 May 2024 | HK$73.2b | HK$73.2b | HK$1.0b | 13.1x | 71.2x | 1x |
| Mon, 15 Apr 2024 | HK$69.4b | HK$73.2b | HK$1.0b | 11.4x | 67.5x | 0.9x |
| Wed, 13 Mar 2024 | HK$69.0b | HK$71.8b | HK$943.0m | 9.2x | 73.2x | 1x |
| Fri, 09 Feb 2024 | HK$62.0b | HK$71.4b | HK$693.0m | 9.9x | 89.5x | 0.9x |
| Sun, 07 Jan 2024 | HK$73.0b | HK$70.6b | HK$140.9m | 11.2x | 517.7x | 1x |
| Tue, 05 Dec 2023 | HK$74.2b | HK$70.6b | HK$86.5m | 12.8x | 857.4x | 1.1x |
| Thu, 02 Nov 2023 | HK$70.0b | HK$69.1b | HK$89.1m | 8.8x | 785.7x | 1x |
| Sat, 30 Sep 2023 | HK$74.9b | HK$68.9b | -HK$9,290,912.00 | 9.3x | -8063.7x | 1.1x |
| Mon, 28 Aug 2023 | HK$65.0b | HK$56.3b | -HK$1,509,438,308.00 | 11.4x | -43x | 1.2x |
| Wed, 26 Jul 2023 | HK$71.2b | HK$57.3b | -HK$1,966,182,205.00 | 12.8x | -36.2x | 1.2x |
| Fri, 23 Jun 2023 | HK$73.0b | HK$56.9b | -HK$2,177,815,819.00 | 12.4x | -33.5x | 1.3x |
| Sun, 21 May 2023 | HK$68.5b | HK$57.4b | -HK$1,924,463,856.00 | 11.7x | -35.6x | 1.2x |
| Tue, 18 Apr 2023 | HK$77.1b | HK$57.5b | -HK$1,992,778,539.00 | 13.3x | -38.7x | 1.3x |
| Thu, 16 Mar 2023 | HK$73.8b | HK$56.1b | -HK$670,108,737.00 | 11.2x | -110.1x | 1.3x |
| Sat, 11 Feb 2023 | HK$81.0b | HK$56.4b | -HK$245,742,484.00 | 13.7x | -329.6x | 1.4x |
| Mon, 09 Jan 2023 | HK$78.4b | HK$56.1b | -HK$268,935,824.00 | 12.5x | -291.4x | 1.4x |
| Wed, 07 Dec 2022 | HK$69.8b | HK$55.4b | -HK$297,472,565.00 | 12.5x | -234.7x | 1.3x |
| Fri, 04 Nov 2022 | HK$53.9b | HK$54.4b | -HK$445,440,023.00 | 14.1x | -121x | 1x |
| Sun, 02 Oct 2022 | HK$51.8b | HK$54.8b | -HK$488,088,555.00 | 13.6x | -106.2x | 0.9x |
| Tue, 30 Aug 2022 | HK$63.8b | HK$53.5b | -HK$629,243,286.00 | 11.3x | -101.4x | 1.2x |
| Thu, 28 Jul 2022 | HK$71.6b | HK$54.9b | HK$232.1m | 10.6x | 308.4x | 1.3x |
| Sat, 25 Jun 2022 | HK$76.5b | HK$55.4b | HK$385.3m | 13x | 198.6x | 1.4x |
| Mon, 23 May 2022 | HK$74.7b | HK$55.3b | HK$441.0m | 17.8x | 169.4x | 1.4x |
| Wed, 20 Apr 2022 | HK$73.6b | HK$56.8b | HK$482.3m | 15.3x | 152.7x | 1.3x |
| Fri, 18 Mar 2022 | HK$70.0b | HK$54.3b | -HK$2,567,399,760.00 | 12.3x | -27.3x | 1.3x |
| Sun, 13 Feb 2022 | HK$93.2b | HK$53.9b | -HK$2,564,580,295.00 | 11.8x | -36.4x | 1.7x |
| Tue, 11 Jan 2022 | HK$94.7b | HK$53.3b | -HK$2,642,354,653.00 | 15.6x | -35.8x | 1.8x |
| Thu, 09 Dec 2021 | HK$99.0b | HK$53.3b | -HK$2,642,090,948.00 | 13.7x | -37.5x | 1.9x |
| Sat, 06 Nov 2021 | HK$96.1b | HK$46.5b | -HK$3,008,502,211.00 | 13.1x | -31.9x | 2.1x |
| Mon, 04 Oct 2021 | HK$104.5b | HK$46.3b | -HK$3,010,790,978.00 | 14x | -34.7x | 2.3x |
| Wed, 01 Sep 2021 | HK$112.8b | HK$44.2b | -HK$2,780,442,289.41 | 17.2x | -40.6x | 2.6x |
Price to Earnings Ratio
-40.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Media industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Media industry have improved over the last three years.
- Revenues for these companies have grown 20% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Telecom industry?
| HK Market | 0.28% | |
| Telecom | 1.02% | |
| Media | -0.28% | |
| Broadcasting | 3.51% | |
| Advertising | 0.11% | |
| Cable and Satellite | 0% | |
| Publishing | -0.95% | |
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 10.2%, which is lower than the prior year's growth of 17.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Broadcasting industry, expecting annual earnings growth of 69% over the next 5 years.
- In contrast, the Publishing industry is expected to see its earnings grow by 10% 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 | |
|---|---|---|---|---|---|
| 917 Qunabox Group | HK$51.55 | 4.1% +HK$538.5m | n/a | PS10.7x | |
| 511 Television Broadcasts | HK$3.40 | 8.3% +HK$116.2m | -10.3% | PS0.5x | |
| 2405 Powerwin Tech Group | HK$2.73 | 5.4% +HK$112.0m | -49.1% | PE39x | |
| 1450 Be Friends Holding | HK$1.38 | 3.0% +HK$55.5m | -8.6% | PE14.6x | |
| 1111 Huashi Group Holdings | HK$0.27 | 14.2% +HK$25.4m | n/a | PE2.9x |
