Executive Summary
CMGE Technology Group Limited publishes and operates IP-based games in the People's Republic of China.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and slightly overvalued.
Share Price & News
How has CMGE Technology Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 302's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.0%
302
4.1%
HK Entertainment
7.4%
HK Market
1 Year Return
n/a
302
-24.9%
HK Entertainment
-22.7%
HK Market
Return vs Industry: Insufficient data to determine how 302 performed against the Hong Kong Entertainment industry.
Return vs Market: Insufficient data to determine how 302 performed against the Hong Kong Market.
Shareholder returns
| 302 | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 4.1% | 7.4% |
| 30 Day | -16.8% | -9.6% | -11.2% |
| 90 Day | -10.9% | -11.2% | -17.3% |
| 1 Year | n/a | -23.9%-24.9% | -19.9%-22.7% |
| 3 Year | n/a | -45.6%-47.8% | -5.3%-14.8% |
| 5 Year | n/a | -57.7%-60.1% | -8.7%-23.4% |
Price Volatility Vs. Market
How volatile is CMGE Technology Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is CMGE Technology Group Limited (HKG:302) A High Quality Stock To Own?1 month ago | Simply Wall St
Read This Before You Buy CMGE Technology Group Limited (HKG:302) Because Of Its P/E RatioValuation
Is CMGE Technology 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: 302 (HK$2.74) is trading below our estimate of fair value (HK$7.59)
Significantly Below Fair Value: 302 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 302 is poor value based on its PE Ratio (19.1x) compared to the Entertainment industry average (11.4x).
PE vs Market: 302 is poor value based on its PE Ratio (19.1x) compared to the Hong Kong market (9x).
Price to Earnings Growth Ratio
PEG Ratio: 302 is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: 302 is overvalued based on its PB Ratio (1.4x) compared to the HK Entertainment industry average (0.8x).
Next Steps
Future Growth
How is CMGE Technology Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
36.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 302's forecast earnings growth (9.7% per year) is above the savings rate (1.6%).
Earnings vs Market: 302's earnings (9.7% per year) are forecast to grow slower than the Hong Kong market (12.8% per year).
High Growth Earnings: 302's earnings are forecast to grow, but not significantly.
Revenue vs Market: 302's revenue (3.4% per year) is forecast to grow slower than the Hong Kong market (9.9% per year).
High Growth Revenue: 302's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 302's Return on Equity is forecast to be low in 3 years time (15.7%).
Next Steps
Past Performance
How has CMGE Technology Group performed over the past 5 years?
-20.2%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: 302 has high quality earnings.
Growing Profit Margin: 302's current net profit margins (8.2%) are lower than last year (19.5%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if 302's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: 302's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 302 had negative earnings growth (-20.2%) over the past year, making it difficult to compare to the Entertainment industry average (32.7%).
Return on Equity
High ROE: 302's Return on Equity (6.6%) is considered low.
Next Steps
Financial Health
How is CMGE Technology Group's financial position?
Financial Position Analysis
Short Term Liabilities: 302's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 302's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥212.9M).
Debt to Equity History and Analysis
Debt Level: 302's debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 302's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 302's debt is well covered by operating cash flow (70.2%).
Interest Coverage: 302's interest payments on its debt are well covered by EBIT (18.3x coverage).
Balance Sheet
Inventory Level: 302 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 302's debt is covered by short term assets (assets are 5.8x debt).
Next Steps
Dividend
What is CMGE Technology Group's current dividend yield, its reliability and sustainability?
3.75%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 302's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate 302's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 302's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 302's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of 302'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?
CEO
CMGE Technology Group has no CEO, or we have no data on them.
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: 302 only recently listed within the past 12 months, with total shares outstanding growing by 4.9% in the past year..
Top Shareholders
Company Information
CMGE Technology Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: CMGE Technology Group Limited
- Ticker: 302
- Exchange: SEHK
- Founded: 2009
- Industry: Interactive Home Entertainment
- Sector: Media
- Market Cap: HK$6.455b
- Shares outstanding: 2.33b
- Website: https://www.cmge.com
Number of Employees
Location
- CMGE Technology Group Limited
- Building No. 4
- 10th Floor
- Shenzhen
- Guangdong Province
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 302 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 2019 |
| 302 | SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect) | Yes | Ordinary Shares | HK | HKD | Oct 2019 |
Biography
CMGE Technology Group Limited publishes and operates IP-based games in the People's Republic of China. It offers games related to cultural products and art works, such as icons or characters from animations, novels, and motion pictures. The company was founded in 2009 and is headquartered in Shenzhen, China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 13:36 |
| End of Day Share Price | 2020/03/31 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.