Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥8.09, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 15x in the Commercial Services industry in China. Total returns to shareholders of 19% over the past three years. Announcement • Jun 30
Shenzhen Comix Group Co., Ltd. to Report First Half, 2026 Results on Aug 15, 2026 Shenzhen Comix Group Co., Ltd. announced that they will report first half, 2026 results on Aug 15, 2026 Declared Dividend • Jun 21
Dividend of CN¥0.04 announced Shareholders will receive a dividend of CN¥0.04. Ex-date: 26th June 2026 Payment date: 26th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is well covered by cash flows (23% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. EPS is expected to grow by 169% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Price Target Changed • May 23
Price target increased by 7.9% to CN¥9.60 Up from CN¥8.90, the current price target is provided by 1 analyst. New target price is 15% above last closing price of CN¥8.33. Stock is up 21% over the past year. The company is forecast to post earnings per share of CN¥0.26 for next year compared to CN¥0.11 last year. Reported Earnings • Apr 25
First quarter 2026 earnings released: EPS: CN¥0.06 (vs CN¥0.07 in 1Q 2025) First quarter 2026 results: EPS: CN¥0.06 (down from CN¥0.07 in 1Q 2025). Revenue: CN¥2.09b (down 5.6% from 1Q 2025). Net income: CN¥42.7m (down 13% from 1Q 2025). Profit margin: 2.0% (down from 2.2% in 1Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 13% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 25
Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 22, 2026 Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 22, 2026, at 14:30 China Standard Time. Location: 8F, Executive Building, No. 18, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China Announcement • Mar 31
Shenzhen Comix Group Co., Ltd. to Report Q1, 2026 Results on Apr 25, 2026 Shenzhen Comix Group Co., Ltd. announced that they will report Q1, 2026 results on Apr 25, 2026 Announcement • Dec 31
Shenzhen Comix Group Co., Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2026 Shenzhen Comix Group Co., Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2026 New Risk • Dec 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (223% payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Reported Earnings • Oct 30
Third quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.091 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.07 (down from CN¥0.091 in 3Q 2024). Revenue: CN¥2.96b (down 13% from 3Q 2024). Net income: CN¥52.9m (down 17% from 3Q 2024). Profit margin: 1.8% (down from 1.9% in 3Q 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Oct 08
Upcoming dividend of CN¥0.07 per share Eligible shareholders must have bought the stock before 15 October 2025. Payment date: 15 October 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.1%. Lower than top quartile of Chinese dividend payers (1.9%). Lower than average of industry peers (1.4%). Announcement • Sep 24
Shenzhen Comix Group Co., Ltd. Approves Interim Cash Dividend for 2025 Shenzhen Comix Group Co., Ltd. held its 3rd Extraordinary General Meeting of 2025 on 22 September 2025, Approved interim Cash dividend/10 shares (tax included): CNY0.70000000. Announcement • Sep 08
Shenzhen Comix Group Co., Ltd. Proposes Dividend for 2025 Shenzhen Comix Group Co., Ltd. hold the 3rd Extraordinary General Meeting of 2025 at 14:30 on 22 September 2025, proposed Cash dividend/10 shares (tax included): CNY0.70000000 for 2025. Announcement • Jul 02
Shenzhen Comix Group Co., Ltd. to Report First Half, 2025 Results on Aug 30, 2025 Shenzhen Comix Group Co., Ltd. announced that they will report first half, 2025 results on Aug 30, 2025 Major Estimate Revision • Jun 17
Consensus EPS estimates increase by 13%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CN¥12.3b to CN¥12.1b. EPS estimate rose from CN¥0.225 to CN¥0.254. Net income forecast to grow 176% next year vs 30% growth forecast for Commercial Services industry in China. Consensus price target broadly unchanged at CN¥8.89. Share price was steady at CN¥7.46 over the past week. Announcement • May 22
Shenzhen Comix Group Co., Ltd. Approves Cash Dividend for 2024 Shenzhen Comix Group Co., Ltd. at its Annual General Meeting of 2024 on 16 May 2025, approved 2024 profit distribution plan: Cash dividend per 10 shares (tax included) of CNY 0.70000000. Reported Earnings • Apr 26
First quarter 2025 earnings released: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.07 (in line with 1Q 2024). Revenue: CN¥2.21b (up 1.0% from 1Q 2024). Net income: CN¥48.9m (down 1.1% from 1Q 2024). Profit margin: 2.2% (down from 2.3% in 1Q 2024). Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 16, 2025 Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 16, 2025, at 14:30 China Standard Time. Location: 8F, Executive Building, No. 18, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to CN¥7.22, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the Commercial Services industry in China. Total returns to shareholders of 11% over the past three years. Price Target Changed • Apr 12
Price target increased by 13% to CN¥8.32 Up from CN¥7.39, the current price target is an average from 2 analysts. New target price is 28% above last closing price of CN¥6.49. Stock is up 18% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.11 last year. Announcement • Mar 31
Shenzhen Comix Group Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025 Shenzhen Comix Group Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025 New Risk • Feb 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥7.93, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Commercial Services industry in China. Total returns to shareholders of 13% over the past three years. New Risk • Jan 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Announcement • Dec 31
Shenzhen Comix Group Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025 Shenzhen Comix Group Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥9.27, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 17x in the Commercial Services industry in China. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥7.47, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the Commercial Services industry in China. Total returns to shareholders of 7.1% over the past three years. Price Target Changed • Nov 09
Price target increased by 8.6% to CN¥7.39 Up from CN¥6.80, the current price target is an average from 3 analysts. New target price is 22% above last closing price of CN¥6.08. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.11 last year. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: CN¥0.091 (vs CN¥0.10 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.091 (down from CN¥0.10 in 3Q 2023). Revenue: CN¥3.40b (up 2.8% from 3Q 2023). Net income: CN¥63.8m (down 5.8% from 3Q 2023). Profit margin: 1.9% (down from 2.0% in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Sep 30
Shenzhen Comix Group Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Shenzhen Comix Group Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥5.85, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Commercial Services industry in China. Total loss to shareholders of 22% over the past three years. Reported Earnings • Aug 24
Second quarter 2024 earnings released: EPS: CN¥0.06 (vs CN¥0.05 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.06 (up from CN¥0.05 in 2Q 2023). Revenue: CN¥2.81b (up 10% from 2Q 2023). Net income: CN¥45.3m (up 26% from 2Q 2023). Profit margin: 1.6% (up from 1.4% in 2Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Shenzhen Comix Group Co., Ltd. to Report First Half, 2024 Results on Aug 24, 2024 Shenzhen Comix Group Co., Ltd. announced that they will report first half, 2024 results on Aug 24, 2024 Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 19%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from CN¥12.0b to CN¥13.1b. EPS estimate fell from CN¥0.398 to CN¥0.321 per share. Net income forecast to grow 242% next year vs 39% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥8.50 to CN¥7.79. Share price rose 5.5% to CN¥5.55 over the past week. Price Target Changed • Apr 25
Price target decreased by 8.4% to CN¥7.79 Down from CN¥8.50, the current price target is an average from 2 analysts. New target price is 40% above last closing price of CN¥5.55. Stock is down 21% over the past year. The company is forecast to post earnings per share of CN¥0.32 for next year compared to CN¥0.11 last year. Price Target Changed • Apr 23
Price target decreased by 8.9% to CN¥7.99 Down from CN¥8.77, the current price target is an average from 2 analysts. New target price is 53% above last closing price of CN¥5.21. Stock is down 28% over the past year. The company is forecast to post earnings per share of CN¥0.34 for next year compared to CN¥0.11 last year. Announcement • Apr 23
Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 13, 2024 Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 13, 2024, at 14:30 China Standard Time. Location: 8F, Executive Building, No. 18, Jinxiu Middle Road, Pingshan District, Shenzhen, Guangdong China Reported Earnings • Apr 23
First quarter 2024 earnings released: EPS: CN¥0.07 (vs CN¥0.06 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.07 (up from CN¥0.06 in 1Q 2023). Revenue: CN¥2.19b (up 15% from 1Q 2023). Net income: CN¥49.4m (up 11% from 1Q 2023). Profit margin: 2.3% (in line with 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Mar 30
Shenzhen Comix Group Co., Ltd. to Report Q1, 2024 Results on Apr 23, 2024 Shenzhen Comix Group Co., Ltd. announced that they will report Q1, 2024 results on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to CN¥5.34, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Commercial Services industry in China. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥5.01 per share. Announcement • Dec 29
Shenzhen Comix Group Co., Ltd. to Report Fiscal Year 2023 Results on Apr 23, 2024 Shenzhen Comix Group Co., Ltd. announced that they will report fiscal year 2023 results on Apr 23, 2024 New Risk • Nov 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: CN¥0.10 (vs CN¥0.069 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.10 (up from CN¥0.069 in 3Q 2022). Revenue: CN¥3.31b (up 33% from 3Q 2022). Net income: CN¥67.7m (up 18% from 3Q 2022). Profit margin: 2.0% (down from 2.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 23% per year and the company’s share price has also fallen by 23% per year. Major Estimate Revision • Aug 25
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥10.0b to CN¥9.88b. EPS estimate also fell from CN¥0.345 per share to CN¥0.308 per share. Net income forecast to grow 108% next year vs 62% growth forecast for Commercial Services industry in China. Consensus price target down from CN¥8.94 to CN¥8.68. Share price fell 6.1% to CN¥6.52 over the past week. Reported Earnings • Aug 19
Second quarter 2023 earnings released: EPS: CN¥0.05 (vs CN¥0.048 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.05 (up from CN¥0.048 in 2Q 2022). Revenue: CN¥2.54b (up 20% from 2Q 2022). Net income: CN¥36.1m (up 19% from 2Q 2022). Profit margin: 1.4% (in line with 2Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Jul 01
Shenzhen Comix Group Co., Ltd. to Report First Half, 2023 Results on Aug 19, 2023 Shenzhen Comix Group Co., Ltd. announced that they will report first half, 2023 results on Aug 19, 2023 Major Estimate Revision • Apr 29
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CN¥10.6b to CN¥10.3b. EPS estimate also fell from CN¥0.377 per share to CN¥0.337 per share. Net income forecast to grow 94% next year vs 63% growth forecast for Commercial Services industry in China. Consensus price target up from CN¥8.50 to CN¥9.16. Share price was steady at CN¥7.29 over the past week. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.06 (vs CN¥0.07 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.06 (down from CN¥0.07 in 1Q 2022). Revenue: CN¥1.91b (down 11% from 1Q 2022). Net income: CN¥44.5m (down 19% from 1Q 2022). Profit margin: 2.3% (down from 2.6% in 1Q 2022). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Commercial Services industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Price Target Changed • Dec 20
Price target increased to CN¥8.50 Up from CN¥7.45, the current price target is an average from 2 analysts. New target price is 25% above last closing price of CN¥6.79. Stock is down 18% over the past year. The company is forecast to post earnings per share of CN¥0.29 next year compared to a net loss per share of CN¥0.77 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 2 highly experienced directors. Non-Independent Director Jiqiang Lu was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.069 (vs CN¥0.08 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.069. Revenue: CN¥2.48b (up 5.2% from 3Q 2021). Net income: CN¥57.5m (up 1.2% from 3Q 2021). Profit margin: 2.3% (down from 2.4% in 3Q 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Commercial Services industry in China. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: CN¥0.048 (vs CN¥0.027 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.048 (up from CN¥0.027 in 2Q 2021). Revenue: CN¥2.11b (down 13% from 2Q 2021). Net income: CN¥30.3m (up 73% from 2Q 2021). Profit margin: 1.4% (up from 0.7% in 2Q 2021). Over the next year, revenue is forecast to grow 46%, compared to a 15% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Jul 13
Shenzhen Comix Group Co., Ltd. Announces Board Elections Shenzhen Comix Group Co., Ltd. in its 1st Extraordinary General Meeting of 2022 on 11 July 2022 approved the Chen Qinpeng, Huang Jiabing, Dai Shengjie, Li Qiuhong, Huang Shizheng and Lu Jiqiang as non-independent directors, Han Wenjun and Hu Zeyu as independent directors, Wang E and Zeng Jun as supervisors. Announcement • May 07
Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 20, 2022 Shenzhen Comix Group Co., Ltd., Annual General Meeting, May 20, 2022, at 14:30 China Standard Time. Agenda: To consider 2021 work report of the board of directors; to consider 2021 work report of the supervisory committee; to consider 2021 annual accounts; to consider 2021 annual report and its summary; to consider 2021 profit distribution plan; to consider 2021 special report on the deposit and use of raised funds; to consider Reappointment of audit firm; to consider Application for comprehensive credit line; to consider Estimated guarantee quota of the Company and its subsidiaries; to consider Change of the Company's domicile and business scope; to consider Change of the purpose of some repurchase shares and cancellation; to consider Amendments to the articles of associations of the Company; and to consider Purchase of liability insurance for directors, supervisors and senior managers. Reported Earnings • May 02
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: CN¥0.07 (vs CN¥0.07 in 1Q 2021). Revenue: CN¥2.15b (up 4.3% from 1Q 2021). Net income: CN¥54.9m (up 1.1% from 1Q 2021). Profit margin: 2.6% (in line with 1Q 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 380%. Over the next year, revenue is forecast to grow 49%, compared to a 16% growth forecast for the industry in China. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. Chairman & GM Qinpeng Chen is the most experienced director on the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Apr 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be CN¥8.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 57% in 2 years. Earnings is forecast to grow by 307% in the next 2 years. Buying Opportunity • Mar 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be CN¥8.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% per annum over the last 3 years. Earnings per share has declined by 15% per annum over the last 3 years. Buying Opportunity • Mar 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 8.5%. The fair value is estimated to be CN¥8.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% per annum over the last 3 years. Earnings per share has declined by 15% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥8.48, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Commercial Services industry in China. Total returns to shareholders of 8.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥8.52 per share. Price Target Changed • Nov 13
Price target decreased to CN¥8.93 Down from CN¥10.82, the current price target is an average from 4 analysts. New target price is 29% above last closing price of CN¥6.92. Stock is down 54% over the past year. The company is forecast to post earnings per share of CN¥0.31 for next year compared to CN¥0.28 last year. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.08 (vs CN¥0.08 in 3Q 2020) The company reported a solid third quarter result with improved earnings, although revenues and profit margins were flat. Third quarter 2021 results: Revenue: CN¥2.36b (flat on 3Q 2020). Net income: CN¥56.8m (up 2.9% from 3Q 2020). Profit margin: 2.4% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Aug 30
Price target decreased to CN¥16.04 Down from CN¥17.65, the current price target is an average from 4 analysts. New target price is 110% above last closing price of CN¥7.62. Stock is down 53% over the past year. Reported Earnings • Aug 27
Second quarter 2021 earnings released: EPS CN¥0.027 (vs CN¥0.18 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: CN¥2.43b (up 8.6% from 2Q 2020). Net income: CN¥17.5m (down 87% from 2Q 2020). Profit margin: 0.7% (down from 6.0% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • May 16
Shenzhen Comix Group Co., Ltd. Approves Cash Dividend for the Year 2020 Shenzhen Comix Group Co., Ltd. approved cash dividend of CNY 0.70000000 per 10 shares (tax included) for the year 2020, at its AGM held on 12 May 2021. Reported Earnings • Apr 25
First quarter 2021 earnings released: EPS CN¥0.07 (vs CN¥0.07 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: CN¥2.06b (up 35% from 1Q 2020). Net income: CN¥54.3m (up 5.8% from 1Q 2020). Profit margin: 2.6% (down from 3.4% in 1Q 2020). The decrease in margin was driven by higher expenses. Announcement • Mar 09
Shenzhen Comix Group Co., Ltd. to Report Fiscal Year 2020 Results on Apr 22, 2021 Shenzhen Comix Group Co., Ltd. announced that they will report fiscal year 2020 results on Apr 22, 2021 Is New 90 Day High Low • Jan 25
New 90-day low: CN¥12.24 The company is down 11% from its price of CN¥13.75 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Commercial Services industry, which is also down 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.60 per share. Is New 90 Day High Low • Dec 18
New 90-day low: CN¥13.48 The company is down 10.0% from its price of CN¥15.05 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥4.59 per share. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥286.5m, up 22% from the prior year. Total revenue was CN¥7.73b over the last 12 months, up 32% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: CN¥13.96 The company is down 11% from its price of CN¥15.77 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.91 per share. Is New 90 Day High Low • Sep 30
New 90-day low: CN¥14.11 The company is down 18% from its price of CN¥17.25 on 02 July 2020. The Chinese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.87 per share. Announcement • Jul 18
Shenzhen Comix Group Co., Ltd. to Report First Half, 2020 Results on Aug 04, 2020 Shenzhen Comix Group Co., Ltd. announced that they will report first half, 2020 results on Aug 04, 2020