Sing Tao News Valuation

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

PVGB (€0.02) is trading below our estimate of [[fair value]] (€0.06)

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

Valuation Score

4/6

Valuation Score 4/6

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

Share Price vs Fair Value

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

Below Fair Value: PVGB (€0.02) is trading below our estimate of fair value (€0.06)

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

Key Valuation Metric

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

Key metric: As PVGB is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PVGB. This is calculated by dividing PVGB's market cap by their current revenue.
What is PVGB's PS Ratio?
PS Ratio	0.3x
Sales	HK$810.97m
Market Cap	HK$209.57m

PVGB 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	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does PVGB's PS Ratio compare to its peers?

The above table shows the PS ratio for PVGB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.1x
MF8 Cash.Medien	2.2x	n/a	€4.4m
BST Bastei Lübbe	1.1x	2.9%	€130.0m
G6P Going Public Media	0.9x	n/a	€1.5m
SBV Schwabenverlag	0.1x	n/a	€1.4m
PVGB Sing Tao News	0.3x	n/a	€209.6m

Price-To-Sales vs Peers: PVGB is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

How does PVGB's PS Ratio compare vs other companies in the DE Media Industry?

3 Companies	Price / Sales	Estimated Growth	Market Cap
SBV Schwabenverlag	0.1x	n/a	US$1.45m
53Y Bonhill Group	0.02x	n/a	US$398.20k
69R Aventura Group	0.09x	n/a	US$242.86k

No more companies available in this PS range

3 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: PVGB is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Media industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

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

PVGB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

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

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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