SEHK:18

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Oriental Press Group

Executive Summary

Oriental Press Group Limited, an investment holding company, engages in the publication of newspapers in Hong Kong and Australia. More Details

Rewards

Trading at 74.3% below our estimate of its fair value

Risk Analysis

No risks detected for 18 from our risk checks.


Snowflake Analysis

Adequate balance sheet and slightly overvalued.

Share Price & News

How has Oriental Press Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 18 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.2%

18

-0.5%

HK Media

-2.8%

HK Market


1 Year Return

-33.3%

18

34.2%

HK Media

-1.7%

HK Market

Return vs Industry: 18 underperformed the Hong Kong Media industry which returned 33.3% over the past year.

Return vs Market: 18 underperformed the Hong Kong Market which returned 0.5% over the past year.


Shareholder returns

18IndustryMarket
7 Day-1.2%-0.5%-2.8%
30 Day-3.6%9.1%2.7%
90 Day-5.9%10.3%-0.4%
1 Year-33.3%-33.3%35.3%34.2%2.3%-1.7%
3 Year-47.3%-62.3%-57.5%-61.2%-8.7%-18.6%
5 Year-19.4%-53.5%-62.1%-68.2%13.7%-5.4%

Price Volatility Vs. Market

How volatile is Oriental Press Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Oriental Press Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 18 (HK$0.4) is trading below our estimate of fair value (HK$1.56)

Significantly Below Fair Value: 18 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 18 is unprofitable, so we can't compare its PE Ratio to the HK Media industry average.

PE vs Market: 18 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


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's PB Ratio (0.6x) is in line with the HK Media industry average.


Next Steps

Future Growth

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

25.7%

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 Press Group 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.


Next Steps

Past Performance

How has Oriental Press Group performed over the past 5 years?

2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 18 is currently unprofitable.

Growing Profit Margin: 18 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 18 is unprofitable, but has reduced losses over the past 5 years at a rate of 2.2% per year.

Accelerating Growth: Unable to compare 18's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 18 is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-14.4%).


Return on Equity

High ROE: 18 has a negative Return on Equity (-0.66%), as it is currently unprofitable.


Next Steps

Financial Health

How is Oriental Press Group's financial position?


Financial Position Analysis

Short Term Liabilities: 18's short term assets (HK$968.5M) exceed its short term liabilities (HK$93.4M).

Long Term Liabilities: 18's short term assets (HK$968.5M) exceed its long term liabilities (HK$55.0M).


Debt to Equity History and Analysis

Debt Level: 18's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: 18's debt to equity ratio has increased from 0.2% to 0.3% over the past 5 years.

Debt Coverage: 18's debt is well covered by operating cash flow (2118.2%).

Interest Coverage: 18 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Oriental Press Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 18's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 18'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 18's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 18's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 18 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 18's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

16.1yrs

Average board tenure


CEO

Shun-Chuen Lam (71 yo)

no data

Tenure

HK$2,733,000

Compensation

Mr. Shun-Chuen Lam serves as the Chief Executive Officer of Oriental Press Group Limited and has been it's Executive Director since October 4, 1999. Mr. Lam served as Vice-Chairman at Oriental Press Group ...


CEO Compensation Analysis

Compensation vs Market: Shun-Chuen's total compensation ($USD352.51K) is above average for companies of similar size in the Hong Kong market ($USD232.43K).

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


Board Members

NamePositionTenureCompensationOwnership
Ching-Fat Ma
Chairman of the Board15.42yrsHK$19.52m6.25%
HK$ 59.9m
Shun-Chuen Lam
CEO & Executive Directorno dataHK$2.73mno data
Ching-Choi Ma
Vice-Chairman15.08yrsHK$15.62m4%
HK$ 38.4m
Yau-Nam Cham
Independent Non Executive Director14.58yrsHK$130.00kno data
Ping-Wing Pao
Independent Non-Executive Director33.25yrsHK$160.00kno data
Hing-Chiu Lai
Non-Executive Director22.17yrsHK$140.00kno data
Yat-Fai Lam
Independent Non-Executive Director16.08yrsHK$170.00kno data

16.1yrs

Average Tenure

71yo

Average Age

Experienced Board: 18's board of directors are seasoned and experienced ( 16.1 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 Press Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Oriental Press Group Limited
  • Ticker: 18
  • Exchange: SEHK
  • Founded: 1969
  • Industry: Publishing
  • Sector: Media
  • Market Cap: HK$959.167m
  • Shares outstanding: 2.40b
  • Website: https://opg.on.cc/tc

Number of Employees


Location

  • Oriental Press Group Limited
  • Oriental Press Centre
  • 23 Dai Cheong Street
  • Tai Po
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
18SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
OPQDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992

Biography

Oriental Press Group Limited, an investment holding company, engages in the publication of newspapers in Hong Kong and Australia. The company operates through two segments, Publication of Newspapers and Mo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 12:50
End of Day Share Price2020/10/29 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.