SEHK:2366

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

SMI Culture & Travel Group Holdings

Executive Summary

SMI Culture & Travel Group Holdings Limited, an investment holding company, provides cross-media services in the People’s Republic of China.


Snowflake Analysis

Worrying balance sheet with weak fundamentals.

Share Price & News

How has SMI Culture & Travel Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 2366's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

2366

3.8%

HK Entertainment

0.7%

HK Market


1 Year Return

-33.7%

2366

-11.3%

HK Entertainment

0.4%

HK Market

Return vs Industry: 2366 underperformed the Hong Kong Entertainment industry which returned -11.3% over the past year.

Return vs Market: 2366 underperformed the Hong Kong Market which returned 0.4% over the past year.


Shareholder returns

2366IndustryMarket
7 Day0%3.8%0.7%
30 Day-12.2%5.5%-1.0%
90 Day-21.7%17.8%9.6%
1 Year-33.7%-33.7%-10.3%-11.3%4.5%0.4%
3 Year-91.7%-91.7%-33.4%-36.4%0.2%-10.6%
5 Year-89.7%-89.7%-53.6%-55.2%9.9%-8.5%

Price Volatility Vs. Market

How volatile is SMI Culture & Travel Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SMI Culture & Travel Group Holdings undervalued compared to its fair value and its price relative to the market?

1.74x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 2366's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 2366's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 2366 is unprofitable, so we can't compare its PE Ratio to the HK Entertainment industry average.

PE vs Market: 2366 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 2366's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 2366 is overvalued based on its PB Ratio (1.7x) compared to the HK Entertainment industry average (1.2x).


Next Steps

Future Growth

How is SMI Culture & Travel Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

47.5%

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 SMI Culture & Travel Group 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.


Next Steps

Past Performance

How has SMI Culture & Travel Group Holdings performed over the past 5 years?

-8.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 2366 is currently unprofitable.

Growing Profit Margin: 2366 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 2366 is unprofitable, and losses have increased over the past 5 years at a rate of 8.2% per year.

Accelerating Growth: Unable to compare 2366's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 2366 is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (24.9%).


Return on Equity

High ROE: 2366 has a negative Return on Equity (-455%), as it is currently unprofitable.


Next Steps

Financial Health

How is SMI Culture & Travel Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: 2366's short term assets (HK$1.2B) do not cover its short term liabilities (HK$1.2B).

Long Term Liabilities: 2366's short term assets (HK$1.2B) exceed its long term liabilities (HK$12.1M).


Debt to Equity History and Analysis

Debt Level: 2366's debt to equity ratio (1191.4%) is considered high.

Reducing Debt: 2366's debt to equity ratio has increased from 31.7% to 1191.4% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 2366 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 2366 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is SMI Culture & Travel Group Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 2366's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 2366'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 2366's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 2366's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 2366 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 2366'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?

0.8yrs

Average management tenure


CEO

Bernard Yiu (69 yo)

no data

Tenure

HK$180,000

Compensation

Mr. Yan Chi Yiu, also known as Bernard has been the Chief Executive Officer of Qin Jia Yuan Cultural Assets (Hong Kong) Company Limited ("QJY Cultural Assets") since August 1, 2007 and is responsible for t ...


Leadership Team

NamePositionTenureCompensationOwnership
Chien-Chiang Wu
Chairman of the Board3.08yrsHK$240.00kno data
Kai Li
Executive Director2.42yrsHK$195.00kno data
Chin Hong Chiu
Head of Marketing & Sales Departmentno datano datano data
Man Wei Tang
Managing Director of Advertising and Business Development Divisionno datano datano data
Shen Lily
Director of Human Resources Departmentno datano datano data
Wenbo Chen
Executive Director0.67yrno datano data
Chun Lu
Executive Director0.17yrno datano data
Yan Chi Yiu
Chief Executive Officer of Advertising Divisionno dataHK$180.00kno data
Ho Fan
Group Financial Controllerno datano datano data
Chi Sing Kam
Company Secretary0.75yrno datano data
Kwan Lap Wong
Managing Director of TV Advertising Divisionno datano datano data
Yuen Lan Chin
Executive Officerno datano datano data

0.8yrs

Average Tenure

57yo

Average Age

Experienced Management: 2366's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Chien-Chiang Wu
Chairman of the Board3.08yrsHK$240.00kno data
Kai Li
Executive Director2.42yrsHK$195.00kno data
Wenbo Chen
Executive Director0.67yrno datano data
Chun Lu
Executive Director0.17yrno datano data
Shui Yeung Wong
Independent Non-Executive Director0.67yrno datano data
Xianbo Liu
Independent Non-Executive Director7yrsHK$240.00kno data
Yong Rao
Independent Non-Executive Director3.58yrsHK$240.00kno data
Xuebo Zhao
Independent Non-Executive Director3.08yrsHK$240.00kno data
Wai Chow
Non-Executive Director0.42yrno datano data

2.4yrs

Average Tenure

55yo

Average Age

Experienced Board: 2366'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 been diluted in the past year, with total shares outstanding growing by 20%.


Top Shareholders

Company Information

SMI Culture & Travel Group Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SMI Culture & Travel Group Holdings Limited
  • Ticker: 2366
  • Exchange: SEHK
  • Founded: 2004
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: HK$101.069m
  • Shares outstanding: 1.58b
  • Website: https://www.smiculture2366.com

Number of Employees


Location

  • SMI Culture & Travel Group Holdings Limited
  • Office Tower, Convention Plaza
  • Unit 2610
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2366SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 2004
QJYM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 2004

Biography

SMI Culture & Travel Group Holdings Limited, an investment holding company, provides cross-media services in the People’s Republic of China. The company’s cross-media services include production and distri ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 12:46
End of Day Share Price2020/08/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.