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New Sports Group

SEHK:299
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
299
SEHK
HK$3B
Market Cap
  1. Home
  2. HK
  3. Media
Company description

New Sports Group Limited, an investment holding company, engages in property development and investment business in the People’s Republic of China. The last earnings update was 62 days ago. More info.


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  • New Sports Group has significant price volatility in the past 3 months.
299 Share Price and Events
7 Day Returns
62.6%
SEHK:299
0.7%
HK Entertainment
-0.2%
HK Market
1 Year Returns
-11.9%
SEHK:299
0.6%
HK Entertainment
-6.6%
HK Market
299 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
New Sports Group (299) 62.6% 87.3% 45.1% -11.9% -71.8% -
HK Entertainment 0.7% 0.9% -0.6% 0.6% -33% -36.7%
HK Market -0.2% 2.3% -5.5% -6.6% 22.5% 4.4%
1 Year Return vs Industry and Market
  • 299 underperformed the Entertainment industry which returned 0.6% over the past year.
  • 299 underperformed the Market in Hong Kong which returned -6.6% over the past year.
Price Volatility
299
Industry
5yr Volatility vs Market

299 Value

 Is New Sports Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of New Sports Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for New Sports Group.

SEHK:299 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 14%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:299
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.932 (1 + (1- 25%) (180.85%))
1.801
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.801 * 6.65%)
13.98%

Discounted Cash Flow Calculation for SEHK:299 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for New Sports Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:299 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 13.98%)
2019 341.71 Est @ 56.96% 299.80
2020 480.01 Est @ 40.47% 369.48
2021 618.87 Est @ 28.93% 417.94
2022 747.92 Est @ 20.85% 443.14
2023 861.58 Est @ 15.2% 447.87
2024 958.42 Est @ 11.24% 437.10
2025 1,039.58 Est @ 8.47% 415.96
2026 1,107.45 Est @ 6.53% 388.77
2027 1,164.71 Est @ 5.17% 358.72
2028 1,213.87 Est @ 4.22% 328.00
Present value of next 10 years cash flows HK$3,906.77
SEHK:299 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$1,213.87 × (1 + 2%) ÷ (13.98% – 2%)
HK$10,337.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$10,337.89 ÷ (1 + 13.98%)10
HK$2,793.44
SEHK:299 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$3,906.77 + HK$2,793.44
HK$6,700.21
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$6,700.21 / 4,171.10
HK$1.61
SEHK:299 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$1.61
Current discount Discount to share price of HK$0.74
= -1 x (HK$0.74 - HK$1.61) / HK$1.61
53.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price New Sports Group is available for.
Intrinsic value
>50%
Share price is HK$0.74 vs Future cash flow value of HK$1.61
Current Discount Checks
For New Sports Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • New Sports Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • New Sports Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for New Sports Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are New Sports Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:299 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.03
SEHK:299 Share Price ** SEHK (2019-06-26) in HKD HK$0.74
Hong Kong Entertainment Industry PE Ratio Median Figure of 17 Publicly-Listed Entertainment Companies 13.2x
Hong Kong Market PE Ratio Median Figure of 1,488 Publicly-Listed Companies 10.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of New Sports Group.

SEHK:299 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:299 Share Price ÷ EPS (both in HKD)

= 0.74 ÷ 0.03

26.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Sports Group is overvalued based on earnings compared to the HK Entertainment industry average.
  • New Sports Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does New Sports Group's expected growth come at a high price?
Raw Data
SEHK:299 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Entertainment Industry PEG Ratio Median Figure of 6 Publicly-Listed Entertainment Companies 1.08x
Hong Kong Market PEG Ratio Median Figure of 470 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for New Sports Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on New Sports Group's assets?
Raw Data
SEHK:299 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.68
SEHK:299 Share Price * SEHK (2019-06-26) in HKD HK$0.74
Hong Kong Entertainment Industry PB Ratio Median Figure of 44 Publicly-Listed Entertainment Companies 0.96x
Hong Kong Market PB Ratio Median Figure of 2,173 Publicly-Listed Companies 0.93x
SEHK:299 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:299 Share Price ÷ Book Value per Share (both in HKD)

= 0.74 ÷ 0.68

1.09x

* Primary Listing of New Sports Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • New Sports Group is overvalued based on assets compared to the HK Entertainment industry average.
X
Value checks
We assess New Sports Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. New Sports Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

299 Future Performance

 How is New Sports Group expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 New Sports 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
52.5%
Expected Entertainment industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is New Sports Group expected to grow at an attractive rate?
  • Unable to compare New Sports Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare New Sports Group's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare New Sports Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:299 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 52.5%
Hong Kong Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 21.9%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.1%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:299 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:299 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:299 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 1,892 247 103
2018-09-30 1,474 -36
2018-06-30 1,056 -893 -174
2018-03-31 624 -552 -123
2017-12-31 192 -211 -71
2017-09-30 154 -192
2017-06-30 117 -99 -313
2017-03-31 136 -63 -514
2016-12-31 155 -28 -714
2016-09-30 220 -387
2016-06-30 284 32 -60
2016-03-31 394 15 -68

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if New Sports Group is high growth as no earnings estimate data is available.
  • Unable to determine if New Sports Group is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:299 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from New Sports Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:299 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:299 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.03
2018-09-30 -0.01
2018-06-30 -0.07
2018-03-31 -0.06
2017-12-31 -0.04
2017-09-30 -0.13
2017-06-30 -0.25
2017-03-31 -0.51
2016-12-31 -0.93
2016-09-30 -0.52
2016-06-30 -0.08
2016-03-31 -0.10

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if New Sports Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 299’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. New Sports Group's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. New Sports Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess New Sports Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
New Sports Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

299 Past Performance

  How has New Sports Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare New Sports Group's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • New Sports Group's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • New Sports Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • New Sports Group has become profitable in the last year making it difficult to compare the HK Entertainment industry average.
Earnings and Revenue History
New Sports Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from New Sports Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:299 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,892.40 103.14 100.69 2.36
2018-09-30 1,474.17 -35.52 99.19 2.26
2018-06-30 1,055.94 -174.18 97.70 2.16
2018-03-31 623.73 -122.53 81.63 1.67
2017-12-31 191.52 -70.87 65.56 1.18
2017-09-30 154.22 -192.02 76.65 14.33
2017-06-30 116.91 -313.17 87.74 27.47
2017-03-31 136.06 -513.59 100.48 31.80
2016-12-31 155.21 -714.01 113.21 36.12
2016-09-30 219.83 -387.02 128.01 26.08
2016-06-30 284.46 -60.03 142.81 16.04
2016-03-31 393.72 -68.21 140.30 14.81
2015-12-31 502.98 -76.40 137.79 13.58
2015-09-30 633.72 -164.49 126.13 9.98
2015-06-30 764.46 -252.58 114.48 6.39
2015-03-31 673.68 -154.69 103.58 3.19
2014-12-31 582.89 -56.80 92.69
2014-09-30 470.44 -43.12 84.27
2014-06-30 357.99 -29.44 75.85
2014-03-31 419.55 -56.48 84.06
2013-12-31 481.12 -83.52 92.27
2013-09-30 494.99 -93.58 93.21
2013-06-30 508.87 -103.64 94.15
2013-03-31 549.34 -55.15 97.23
2012-12-31 589.81 -6.66 100.31
2012-09-30 623.38 95.43 104.67
2012-06-30 656.95 197.52 109.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • New Sports Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • New Sports Group used its assets less efficiently than the HK Entertainment industry average last year based on Return on Assets.
  • New Sports Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess New Sports Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
New Sports Group has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

299 Health

 How is New Sports Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up New Sports Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • New Sports Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • New Sports Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of New Sports Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from New Sports Group Company Filings, last reported 5 months ago.

SEHK:299 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,989.76 4,827.74 758.32
2018-09-30 3,989.76 4,827.74 758.32
2018-06-30 3,883.60 3,372.26 1,002.43
2018-03-31 3,883.60 3,372.26 1,002.43
2017-12-31 2,379.96 1,492.66 466.38
2017-09-30 2,379.96 1,492.66 466.38
2017-06-30 1,626.01 224.15 457.05
2017-03-31 1,626.01 224.15 457.05
2016-12-31 1,437.01 328.45 473.50
2016-09-30 1,437.01 328.45 473.50
2016-06-30 946.19 298.98 166.42
2016-03-31 946.19 298.98 166.42
2015-12-31 1,013.55 280.06 419.21
2015-09-30 1,013.55 280.06 419.21
2015-06-30 554.84 169.12 379.10
2015-03-31 554.84 169.12 379.10
2014-12-31 643.46 0.00 196.83
2014-09-30 643.46 0.00 196.83
2014-06-30 570.65 0.00 551.71
2014-03-31 570.65 0.00 551.71
2013-12-31 564.87 0.00 560.35
2013-09-30 564.87 0.00 560.35
2013-06-30 668.62 0.00 637.85
2013-03-31 668.62 0.00 637.85
2012-12-31 711.78 0.00 635.46
2012-09-30 711.78 0.00 635.46
2012-06-30 755.02 0.00 748.26
  • New Sports Group's level of debt (121%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 121% today).
  • Debt is not well covered by operating cash flow (5.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 0.5x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess New Sports Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. New Sports Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

299 Dividends

 What is New Sports Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from New Sports Group dividends.
If you bought HK$2,000 of New Sports Group shares you are expected to receive HK$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate New Sports Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate New Sports Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:299 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.1%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 966 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:299 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:299 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2014-08-04 0.000 0.000
2012-03-29 0.070 3.598
2011-03-31 0.062 4.741
2010-03-30 0.100 5.007
2009-04-15 0.120 6.448

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as New Sports Group has not reported any payouts.
  • Unable to verify if New Sports Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of New Sports Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as New Sports Group 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.
X
Income/ dividend checks
We assess New Sports Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can New Sports Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. New Sports Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

299 Management

 What is the CEO of New Sports Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lingjie Xia
COMPENSATION HK$983,000
AGE 30
TENURE AS CEO 0.5 years
CEO Bio

Ms. Lingjie Xia has been Deputy Managing Director of Shenzhen Baoxin Football Club Co., Ltd. since August 17, 2016. She serves as Chief Executive Officer of New Sports Group Limited since December 20, 2018 and serves as its Executive Director since March 27, 2019. Ms. Xia served as an Assistant to General Manager of Shenzhen Wangdian Media Co., Ltd. since January 2014. From 2013 to 2014, Ms. Xia was a Director of Business Operation of Shenzhen Guosheng Culture and Media Co., Ltd. From 2012 to 2013, she was a trainee reporter in London Branch of China News Service. She served as an Executive Director of New Sports Group Limited since August 17, 2016 until December 20, 2018. Ms. Xia served as Non-Executive Director of New Sports Group Limited since April 1, 2016 until August 17, 2016. She received a Bachelor’s degree in broadcasting, television and news from Wuhan University and a bachelor’s degree in psychology from Central China Normal University. She graduated from Wuhan University with a master’s degree in communication in 2011 and earned a master’s degree in Global Journalism from University of Sheffield, UK in 2012.

CEO Compensation
  • Lingjie's compensation has increased in line with New Sports Group recently becoming profitable.
  • Lingjie's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the New Sports Group management team in years:

2.4
Average Tenure
56
Average Age
  • The tenure for the New Sports Group management team is about average.
Management Team

Jianhui Yao

TITLE
Executive Chairman
AGE
46

Lingjie Xia

TITLE
CEO & Executive Director
COMPENSATION
HK$983K
AGE
30
TENURE
0.5 yrs

Xiaodong Zhang

TITLE
Vice Chairman
COMPENSATION
HK$1M
AGE
44

Ching Fong

TITLE
CFO & Company Secretary
TENURE
2.4 yrs

Chongming Shi

TITLE
Chief Operating Officer
COMPENSATION
HK$461K
AGE
63

Jincheng Li

TITLE
Senior Vice President
AGE
60
TENURE
16.2 yrs

Xiaofeng Wang

TITLE
Head of HR Management & Financial Auditing and GM of Corporate Management Dept
AGE
56

Hongfeng Zheng

TITLE
AGE
60

Shaojing Qiu

TITLE
Senior Vice President

Ruidong Gao

TITLE
Senior Vice President
Board of Directors Tenure

Average tenure and age of the New Sports Group board of directors in years:

0.5
Average Tenure
46
Average Age
  • The average tenure for the New Sports Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jianhui Yao

TITLE
Executive Chairman
AGE
46
TENURE
0.5 yrs

Lingjie Xia

TITLE
CEO & Executive Director
COMPENSATION
HK$983K
AGE
30
TENURE
0.3 yrs

Xiaodong Zhang

TITLE
Vice Chairman
COMPENSATION
HK$1M
AGE
44
TENURE
0.5 yrs

Suying He

TITLE
Independent Non-Executive Director
COMPENSATION
HK$273K
AGE
52
TENURE
3.1 yrs

Chun Wong

TITLE
Independent Non Executive Director
COMPENSATION
HK$9K
AGE
59
TENURE
0.5 yrs

Venus Tang

TITLE
Independent Non-Executive Director
COMPENSATION
HK$273K
AGE
61
TENURE
3.1 yrs

Yushan Zhan

TITLE
Non-Executive Director
AGE
39
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • New Sports Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
05. Jun 19 Buy Glory Sun Financial Group Limited Company 31. May 19 31. May 19 338,683,217 HK$0.44 HK$147,327,969
31. May 19 Buy Glory Sun Financial Group Limited Company 28. May 19 28. May 19 394,500 HK$0.43 HK$171,606
28. May 19 Buy Glory Sun Financial Group Limited Company 23. May 19 23. May 19 111,810,585 HK$0.44 HK$48,637,593
26. Apr 19 Buy Glory Sun Financial Group Limited Company 23. Apr 19 23. Apr 19 1,508,505,611 HK$0.44 HK$656,205,490
25. Apr 19 Buy Xiaodong Zhang Individual 06. Nov 18 06. Nov 18 621,058,639 HK$0.32 HK$198,737,435
25. Apr 19 Sell Teng Wu Individual 23. Apr 19 23. Apr 19 -749,146,972 HK$0.44 HK$-325,881,689
25. Apr 19 Sell Xiaodong Zhang Individual 23. Apr 19 23. Apr 19 -759,358,639 HK$0.44 HK$-330,323,801
04. Dec 18 Buy Glory Sun Financial Group Limited Company 29. Nov 18 29. Nov 18 1,144,151,739 HK$0.36 HK$411,896,426
04. Dec 18 Sell Qing Ai Individual 29. Nov 18 29. Nov 18 -1,144,151,739 HK$0.36 HK$-411,896,426
16. Oct 18 Buy Xiaodong Zhang Individual 16. Oct 18 16. Oct 18 800,000 HK$0.31 HK$251,122
X
Management checks
We assess New Sports Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. New Sports Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

299 News

Simply Wall St News

What Did New Sports Group Limited's (HKG:299) CEO Take Home Last Year?

How Does Xiaodong Zhang's Compensation Compare With Similar Sized Companies. … According to our data, New Sports Group Limited has a market capitalization of HK$1.3b, and pays its CEO total annual compensation worth HK$1m. … A first glance this seems like a real positive for shareholders, since Xiaodong Zhang is paid less than the average compensation paid by similar sized companies.

Simply Wall St -

Should You Be Concerned About New Sports Group Limited's (HKG:299) Shareholders?

In this analysis, my focus will be on developing a perspective on New Sports Group Limited’s (HKG:299) latest ownership structure, a less discussed, but important factor. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … See our latest analysis for New Sports Group

Simply Wall St -

299 Company Info

Description

New Sports Group Limited, an investment holding company, engages in property development and investment business in the People’s Republic of China. It operates through seven segments: Provision of Online Game Services and Platform Services; Yacht Club; Education and Training; Real Estates and Property Investment, Trading of Commodities, Construction, and Others. The company also designs, develops, and operates mobile and Web games, as well as platform services; operates a yacht; and provides international education and training services. In addition, it is involved in publishing the Beijing Guoan Football Club magazines; trading commodities; the operation of a golf practice court; and the provision of technical and consulting services, as well as infrastructure construction activities. The company was formerly known as SinoCom Software Group Limited and changed its name to New Sports Group Limited in September 2015. New Sports Group Limited was founded in 1995 and is headquartered in Admiralty, Hong Kong.

Details
Name: New Sports Group Limited
299
Exchange: SEHK
Founded: 1995
HK$2,669,507,070
4,171,104,797
Website: http://www.newsportsgp.com
Address: New Sports Group Limited
Tower 1,
26th Floor,
Admiralty,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 299 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 30. Apr 2004
Number of employees
Current staff
Staff numbers
438
New Sports Group employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 12:42
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2017/04/20
Last earnings filing: 2019/04/25
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.