SZSE:002517

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Kingnet Network

Market Cap

CN¥8.8b

Last Updated

2021/08/04 16:01 UTC

Data Sources

Company Financials +

Executive Summary

Kingnet Network Co., Ltd. engages in the development and operation of Web and mobile games. More Details

Rewards

PE ratio (24.2x) is below the CN market (32.2x)

Earnings are forecast to grow 29.04% per year

Became profitable this year

Risk Analysis

No risks detected for 2517 from our risk checks.


Snowflake Analysis

Flawless balance sheet with high growth potential.


Similar Companies

Share Price & News

How has Kingnet Network's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 002517 is not significantly more volatile than the rest of CN stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 002517's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.4%

2517

-0.03%

CN Entertainment

3.5%

CN Market


1 Year Return

-41.0%

2517

-39.3%

CN Entertainment

3.0%

CN Market

Return vs Industry: 002517 underperformed the CN Entertainment industry which returned -39.3% over the past year.

Return vs Market: 002517 underperformed the CN Market which returned 3% over the past year.


Shareholder returns

2517IndustryMarket
7 Day-2.4%-0.03%3.5%
30 Day-7.3%-13.7%-0.5%
90 Day-6.7%-14.6%3.5%
1 Year-41.0%-41.0%-39.0%-39.3%4.4%3.0%
3 Year-29.5%-29.5%0.3%-1.2%60.9%52.7%
5 Year-73.0%-73.4%-62.5%-63.1%27.9%18.9%

Long-Term Price Volatility Vs. Market

How volatile is Kingnet Network's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Kingnet Network undervalued compared to its fair value and its price relative to the market?

24.18x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 002517 (CN¥4.07) is trading above our estimate of fair value (CN¥0)

Significantly Below Fair Value: 002517 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 002517 is good value based on its PE Ratio (24.2x) compared to the CN Entertainment industry average (29.5x).

PE vs Market: 002517 is good value based on its PE Ratio (24.2x) compared to the CN market (32.2x).


Price to Earnings Growth Ratio

PEG Ratio: 002517 is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: 002517 is overvalued based on its PB Ratio (2.9x) compared to the CN Entertainment industry average (2.8x).


Future Growth

How is Kingnet Network forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

29.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 002517's forecast earnings growth (29% per year) is above the savings rate (3.3%).

Earnings vs Market: 002517's earnings (29% per year) are forecast to grow faster than the CN market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 002517's revenue (23% per year) is forecast to grow faster than the CN market (17.9% per year).

High Growth Revenue: 002517's revenue (23% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 002517's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Kingnet Network performed over the past 5 years?

-49.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 002517 has high quality earnings.

Growing Profit Margin: 002517 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 002517's earnings have declined by 49.1% per year over the past 5 years.

Accelerating Growth: 002517 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 002517 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (9.8%).


Return on Equity

High ROE: 002517's Return on Equity (12.7%) is considered low.


Financial Health

How is Kingnet Network's financial position?


Financial Position Analysis

Short Term Liabilities: 002517's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥524.2M).

Long Term Liabilities: 002517's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥53.6M).


Debt to Equity History and Analysis

Debt Level: 002517 is debt free.

Reducing Debt: 002517 had no debt 5 years ago.

Debt Coverage: 002517 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 002517 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Kingnet Network current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 002517's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 002517's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 002517's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 002517's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 002517 is not paying a notable dividend for the CN market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 002517's dividend in 3 years as they are not forecast to pay a notable one for the CN market.


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Yue Wang (38 yo)

no data

Tenure

CN¥1,383,100

Compensation

Mr. Yue Wang founded Kingnet Network Co., Ltd. (formerly known as Shanghai Kingnet Technology Co., Ltd) and serves as its Chief Executive Officer.


Leadership Team

Experienced Management: 002517's management team is seasoned and experienced (5.6 years average tenure).


Board Members

Experienced Board: 002517's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Kingnet Network Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kingnet Network Co., Ltd.
  • Ticker: 2517
  • Exchange: SZSE
  • Founded: 2008
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: CN¥8.753b
  • Shares outstanding: 2.15b
  • Website: https://www.kingnet.com

Number of Employees


Location

  • Kingnet Network Co., Ltd.
  • Pujiang Technology Square
  • Building 3
  • Shanghai
  • 201114
  • China

Listings


Biography

Kingnet Network Co., Ltd. engages in the development and operation of Web and mobile games. It operates various Internet platform products, such as XY games for Web games platforms; and XY Apple assistant,...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 16:01
End of Day Share Price2021/08/04 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.