SEHK:2366

Stock Analysis Report

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

Fundamentals

Imperfect balance sheet and overvalued.

Risks

  • SMI Culture & Travel Group Holdings has significant price volatility in the past 3 months.
  • SMI Culture & Travel Group Holdings is not covered by any analysts.

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


Market Performance


7 Day Return

9.4%

SEHK:2366

-3.2%

HK Entertainment

-0.6%

HK Market


1 Year Return

-78.8%

SEHK:2366

-5.8%

HK Entertainment

-9.8%

HK Market

2366 underperformed the Entertainment industry which returned -4.8% over the past year.

2366 underperformed the Market in Hong Kong which returned -9.8% over the past year.


Share holder returns

2366IndustryMarket
7 Day9.4%-3.2%-0.6%
30 Day16.7%-10.3%-8.8%
90 Day41.9%-14.6%-8.4%
1 Year-78.8%-78.8%-4.6%-5.8%-6.5%-9.8%
3 Year-82.2%-82.2%-37.2%-38.4%12.8%1.6%
5 Year-75.9%-75.9%-35.1%-38.6%7.2%-10.6%

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 based on future cash flows and its price relative to the stock market?

0.52x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for SMI Culture & Travel Group Holdings to establish if it is available at moderate discount.

Unable to calculate intrinsic value for SMI Culture & Travel Group Holdings to establish if it is available at substantial discount.


Price Based on Earnings

SMI Culture & Travel Group Holdings is loss making, we can't compare its value to the HK Entertainment industry average.

SMI Culture & Travel Group Holdings is loss making, we can't compare the value of its earnings to the Hong Kong market.


Price Based on Expected Growth

Unable to calculate PEG ratio for SMI Culture & Travel Group Holdings, we can't assess if its growth is good value.


Price Based on Value of Assets

SMI Culture & Travel Group Holdings is good value based on assets compared to the HK Entertainment industry average.


Next Steps

Future Growth

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

49.9%

Forecasted Entertainment 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?

29.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SMI Culture & Travel Group Holdings does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare SMI Culture & Travel Group Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare SMI Culture & Travel Group Holdings's 1-year growth to the HK Entertainment industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if SMI Culture & Travel Group Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if SMI Culture & Travel Group Holdings has efficiently used its assets last year compared to the HK Entertainment industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if SMI Culture & Travel Group Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

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


Financial Position Analysis

SMI Culture & Travel Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SMI Culture & Travel Group Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SMI Culture & Travel Group Holdings's level of debt (216%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (5% vs 216% today).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 2.1x debt.


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.

SMI Culture & Travel Group Holdings has less than a year of cash runway based on current free cash flow.

SMI Culture & Travel Group Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 4.8% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate SMI Culture & Travel Group Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate SMI Culture & Travel Group Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as SMI Culture & Travel Group Holdings has not reported any payouts.

Unable to verify if SMI Culture & Travel Group Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as SMI Culture & Travel Group Holdings has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of SMI Culture & Travel Group Holdings's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average board tenure


CEO

Bernard Yiu (68yo)

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 ...


CEO Compensation Analysis

Bernard's remuneration is lower than average for companies of similar size in Hong Kong.

Insufficient data for Bernard to compare compensation growth.


Board Age and Tenure

2.3yrs

Average Tenure

56yo

Average Age

The average tenure for the SMI Culture & Travel Group Holdings board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Chi Shing Luk (50yo)

    Company Secretary

    • Tenure: 0.1yrs
  • Juliana Tang (53yo)

    Managing Director of Advertising and Business Development Division

  • Bernard Yiu (68yo)

    Chief Executive Officer of Advertising Division

    • Compensation: HK$180.00k
  • Shen Lily (53yo)

    Director of Human Resources Department

  • Chin Hong Chiu (63yo)

    Head of Marketing & Sales Department

  • Ho Fan

    Group Financial Controller

  • Qinyi Yao (38yo)

    Executive Director

    • Compensation: HK$1.22m
  • Chien-Chiang Wu (64yo)

    Chairman of the Board

    • Compensation: HK$240.00k
  • Chris Wong (72yo)

    Managing Director of TV Advertising Division

  • Kai Li (57yo)

    Executive Director

    • Tenure: 1.4yrs
    • Compensation: HK$195.00k

Board Members

  • Xianbo Liu (55yo)

    Independent Non-Executive Director

    • Tenure: 6.0yrs
    • Compensation: HK$240.00k
  • Yong Rao (60yo)

    Independent Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: HK$240.00k
  • Chien-Chiang Wu (64yo)

    Chairman of the Board

    • Tenure: 2.1yrs
    • Compensation: HK$240.00k
  • Qinyi Yao (38yo)

    Executive Director

    • Tenure: 2.8yrs
    • Compensation: HK$1.22m
  • Xuebo Zhao (54yo)

    Independent Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: HK$240.00k
  • Kai Li (57yo)

    Executive Director

    • Tenure: 1.4yrs
    • Compensation: HK$195.00k

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: 1995
  • Industry: movies and entertainment
  • Sector: media
  • Market Cap: HK$138.181m
  • Shares outstanding: 1.32b
  • Website: Click here

Number of Employees


Location

  • SMI Culture & Travel Group Holdings Limited
  • One Capital Place
  • Suite A1
  • Wan Chai
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
2366SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJun 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 Analysis2019/08/17 12:33
End of Day Share Price2019/08/16 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.