Heilongjiang Publishing & Media (SHSE:605577) - Share price, News & Analysis

Q: What is the Fair Price of 605577 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

605577 (CN¥11.34) is trading below our estimate of [[fair value]] (CN¥80.04)

605577 fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

605577 Stock Overview

Heilongjiang Publishing & Media Co., Ltd.

Rewards

Trading at 85.8% below our estimate of its fair value

Earnings grew by 111% over the past year

Risk Analysis

Unstable dividend track record

Volatile share price over the past 3 months

Heilongjiang Publishing & Media Competitors

Guangdong Guangzhou Daily Media

SZSE:002181

CN¥4.8b

Dook Media Group

SZSE:301025

CN¥4.6b

Time Publishing and Media

SHSE:600551

CN¥5.5b

Qingdao Citymedia Co

SHSE:600229

CN¥4.1b

Price History & Performance

Summary of all time highs, changes and price drops for Heilongjiang Publishing & Media
Historical stock prices
Current Share Price	CN¥11.34
52 Week High	CN¥18.32
52 Week Low	CN¥7.19
Beta	0
1 Month Change	0.088%
3 Month Change	10.20%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	31.40%

Shareholder Returns

	605577	CN Media	CN Market
7D	2.8%	-1.1%	-0.5%
1Y	n/a	-7.4%	-10.4%

Return vs Industry: Insufficient data to determine how 605577 performed against the CN Media industry.

Return vs Market: Insufficient data to determine how 605577 performed against the CN Market.

Price Volatility

Is 605577's price volatile compared to industry and market?
605577 volatility
605577 Average Weekly Movement	8.5%
Media Industry Average Movement	5.6%
Market Average Movement	6.1%
10% most volatile stocks in CN Market	9.2%
10% least volatile stocks in CN Market	3.9%

Stable Share Price: 605577 is more volatile than 75% of CN stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 605577's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of CN stocks.

About the Company

Founded	Employees	CEO	Website
2014	3,001	n/a	https://www.hljcbgf.com

Heilongjiang Publishing & Media Co., Ltd. engages in publishing, printing, and distributing books, newspapers, and periodicals in China. It also operates a chain of 100 bookstore outlets.

Heilongjiang Publishing & Media Fundamentals Summary

How do Heilongjiang Publishing & Media's earnings and revenue compare to its market cap?
605577 fundamental statistics
Market Cap	CN¥5.04b
Earnings (TTM)	CN¥449.61m
Revenue (TTM)	CN¥1.85b

11.2x

P/E Ratio

2.7x

P/S Ratio

Is 605577 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
605577 income statement (TTM)
Revenue	CN¥1.85b
Cost of Revenue	CN¥1.05b
Gross Profit	CN¥798.51m
Other Expenses	CN¥348.90m
Earnings	CN¥449.61m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	1.01
Gross Margin	43.21%
Net Profit Margin	24.33%
Debt/Equity Ratio	0%

How did 605577 perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

9%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is 605577 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 605577?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 605577. This is calculated by dividing 605577's market cap by their current preferred multiple.
What is 605577's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	CN¥5.04b

605577 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.5x
Enterprise Value/EBITDA	6.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does 605577's PE Ratio compare to its peers?

605577 PE Ratio vs Peers

The above table shows the PE ratio for 605577 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	38.7x
002181 Guangdong Guangzhou Daily Media	60x	n/a	CN¥4.8b
301025 Dook Media Group	64.6x	n/a	CN¥4.6b
600551 Time Publishing and Media	15.2x	n/a	CN¥5.5b
600229 Qingdao Citymedia Co	15x	n/a	CN¥4.1b
605577 Heilongjiang Publishing & Media	11.2x	n/a	CN¥5.0b

Price-To-Earnings vs Peers: 605577 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (38.7x).

Price to Earnings Ratio vs Industry

How does 605577's PE Ratio compare vs other companies in the CN Media Industry?

Price-To-Earnings vs Industry: 605577 is good value based on its Price-To-Earnings Ratio (11.2x) compared to the CN Media industry average (27.5x)

Price to Earnings Ratio vs Fair Ratio

What is 605577's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

605577 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 605577's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 605577 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 605577 (CN¥11.34) is trading below our estimate of fair value (CN¥80.04)

Significantly Below Fair Value: 605577 is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Heilongjiang Publishing & Media forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

16.5%

Forecasted Media industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Heilongjiang Publishing & Media has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Examine whether Heilongjiang Publishing & Media is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Heilongjiang Publishing & Media performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

24.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 605577 has high quality earnings.

Growing Profit Margin: 605577's current net profit margins (24.3%) are higher than last year (13.1%).

Past Earnings Growth Analysis

Earnings Trend: 605577's earnings have grown significantly by 24.9% per year over the past 5 years.

Accelerating Growth: 605577's earnings growth over the past year (111%) exceeds its 5-year average (24.9% per year).

Earnings vs Industry: 605577 earnings growth over the past year (111%) exceeded the Media industry 7.1%.

Return on Equity

High ROE: 605577's Return on Equity (14.5%) is considered low.

Discover strong past performing companies

Financial Health

How is Heilongjiang Publishing & Media's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 605577's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥938.5M).

Long Term Liabilities: 605577's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.0B).

Debt to Equity History and Analysis

Debt Level: 605577 is debt free.

Reducing Debt: 605577 has not had any debt for past 5 years.

Debt Coverage: 605577 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 605577 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is Heilongjiang Publishing & Media current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

0.88%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 605577's dividend (0.88%) is higher than the bottom 25% of dividend payers in the CN market (0.47%).

High Dividend: 605577's dividend (0.88%) is low compared to the top 25% of dividend payers in the CN market (1.93%).

Stability and Growth of Payments

Stable Dividend: Too early to tell whether 605577's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 605577's dividend payments are increasing as they only just started paying a dividend.

Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (9.5%), 605577's dividend payments are thoroughly covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (8.6%), 605577's dividend payments are thoroughly covered by cash flows.

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Management

How experienced are the management team and are they aligned to shareholders interests?

CEO

Heilongjiang Publishing & Media has no CEO, or we have no data on them.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: 605577 only recently listed within the past 12 months.

Data	Last Updated (UTC time)
Company Analysis	2022/08/06 00:00
End of Day Share Price	2022/08/05 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31