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18

Oriental Enterprise HoldingsSEHK:18 Stock Report

Market Cap

HK$1.7b

7D

2.9%

1Y

73.2%

Updated

15 Oct, 2021

Data

Company Financials
18 fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance1/6
Financial Health5/6
Dividends2/6

18 Overview

Oriental Enterprise Holdings Limited, an investment holding company, engages in the publication of newspapers in Hong Kong and Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Oriental Enterprise Holdings
Historical stock prices
Current Share PriceHK$0.71
52 Week HighHK$0.39
52 Week LowHK$0.85
Beta0.53
1 Month Change-2.74%
3 Month Change-10.13%
1 Year Change73.17%
3 Year Change-16.47%
5 Year Change-8.97%
Change since IPO-25.62%

Recent News & Updates

Aug 04
Shareholders May Be A Bit More Conservative With Oriental Press Group Limited's (HKG:18) CEO Compensation For Now

Shareholders May Be A Bit More Conservative With Oriental Press Group Limited's (HKG:18) CEO Compensation For Now

As many shareholders of Oriental Press Group Limited ( HKG:18 ) will be aware, they have not made a gain on their...

Jun 26
Oriental Press Group (HKG:18) Shareholders Will Want The ROCE Trajectory To Continue

Oriental Press Group (HKG:18) Shareholders Will Want The ROCE Trajectory To Continue

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Shareholder Returns

18HK MediaHK Market
7D2.9%-0.9%-0.3%
1Y73.2%-2.9%5.0%

Return vs Industry: 18 exceeded the Hong Kong Media industry which returned -2.9% over the past year.

Return vs Market: 18 exceeded the Hong Kong Market which returned 5% over the past year.

Price Volatility

Is 18's price volatile compared to industry and market?
18 volatility
18 Beta0.53
Industry Beta0.72
Market Beta1

Stable Share Price: 18 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 18's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19691,078Shun-Chuen Lamhttps://oeh.on.cc

Oriental Enterprise Holdings Limited, an investment holding company, engages in the publication of newspapers in Hong Kong and Australia. Its flagship publication includes Oriental Daily News, a daily newspaper; and on.cc, an online news portal. The company’s online publications also comprise Oriental Daily News Web, a news portal; and Oriental Daily News ePaper, on Racing, and on Football.

Oriental Enterprise Holdings Fundamentals Summary

How do Oriental Enterprise Holdings's earnings and revenue compare to its market cap?
18 fundamental statistics
Market CapHK$1.70b
Earnings (TTM)HK$211.24m
Revenue (TTM)HK$725.61m

8.1x

P/E Ratio

2.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
18 income statement (TTM)
RevenueHK$725.61m
Cost of RevenueHK$528.53m
Gross ProfitHK$197.08m
Expenses-HK$14.16m
EarningsHK$211.24m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.088
Gross Margin27.16%
Net Profit Margin29.11%
Debt/Equity Ratio0.4%

How did 18 perform over the long term?

See historical performance and comparison

Dividends

5.6%

Current Dividend Yield

45%

Payout Ratio

Valuation

Is Oriental Enterprise Holdings undervalued compared to its fair value and its price relative to the market?

8.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 18 (HK$0.71) is trading above our estimate of fair value (HK$0.66)

Significantly Below Fair Value: 18 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 18 is good value based on its PE Ratio (8.1x) compared to the Hong Kong Media industry average (13.6x).

PE vs Market: 18 is good value based on its PE Ratio (8.1x) compared to the Hong Kong market (9.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 18's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 18 is good value based on its PB Ratio (0.9x) compared to the HK Media industry average (1x).


Future Growth

How is Oriental Enterprise Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

39.0%

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 Oriental Enterprise Holdings 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.


Past Performance

How has Oriental Enterprise Holdings performed over the past 5 years?

-9.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 18 has a large one-off gain of HK$101.1M impacting its March 31 2021 financial results.

Growing Profit Margin: 18 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 18's earnings have declined by 9.8% per year over the past 5 years.

Accelerating Growth: 18 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 18 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (35.4%).


Return on Equity

High ROE: 18's Return on Equity (11%) is considered low.


Financial Health

How is Oriental Enterprise Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 18's short term assets (HK$1.1B) exceed its short term liabilities (HK$75.0M).

Long Term Liabilities: 18's short term assets (HK$1.1B) exceed its long term liabilities (HK$68.9M).


Debt to Equity History and Analysis

Debt Level: 18's debt to equity ratio (0.4%) is considered satisfactory.

Reducing Debt: 18's debt to equity ratio has increased from 0.2% to 0.4% over the past 5 years.

Debt Coverage: 18's debt is well covered by operating cash flow (1443.3%).

Interest Coverage: 18 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Oriental Enterprise Holdings's current dividend yield, its reliability and sustainability?

5.63%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 18's dividend (5.63%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.29%).

High Dividend: 18's dividend (5.63%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.81%).


Stability and Growth of Payments

Stable Dividend: 18's dividend payments have been volatile in the past 10 years.

Growing Dividend: 18's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (45.4%), 18's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

17.1yrs

Average board tenure


CEO

Shun-Chuen Lam (72 yo)

no data

Tenure

HK$2,732,000

Compensation

Mr. Shun-Chuen Lam serves as the Chief Executive Officer of Oriental Enterprise Holdings Limited (formerly known as Oriental Press Group Limited) and has been it's Executive Director since October 4, 1999....


CEO Compensation Analysis

Compensation vs Market: Shun-Chuen's total compensation ($USD351.24K) is about average for companies of similar size in the Hong Kong market ($USD289.47K).

Compensation vs Earnings: Shun-Chuen's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 18's board of directors are seasoned and experienced ( 17.1 years average tenure).


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

Oriental Enterprise Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Oriental Enterprise Holdings Limited
  • Ticker: 18
  • Exchange: SEHK
  • Founded: 1969
  • Industry: Publishing
  • Sector: Media
  • Market Cap: HK$1.703b
  • Shares outstanding: 2.40b
  • Website: https://oeh.on.cc

Number of Employees


Location

  • Oriental Enterprise Holdings Limited
  • Oriental Media Centre
  • 23 Dai Cheong Street
  • Tai Po
  • New Territories
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:37
End of Day Share Price2021/10/15 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.