| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
302 Overview
CMGE Technology Group Limited develops, publishes, and operates intellectual property (IP) - based PC and mobile games in the People's Republic of China.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | HK$3.15 |
| 52 Week High | HK$2.66 |
| 52 Week Low | HK$5.09 |
| Beta | 0 |
| 1 Month Change | -0.94% |
| 3 Month Change | -30.00% |
| 1 Year Change | -0.32% |
| 3 Year Change | n/a |
| 5 Year Change | n/a |
| Change since IPO | 9.00% |
Recent News & Updates
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Shareholder Returns
| 302 | HK Entertainment | HK Market | |
|---|---|---|---|
| 7D | -0.9% | 0.3% | 0.4% |
| 1Y | -0.3% | -7.5% | 6.7% |
Return vs Industry: 302 exceeded the Hong Kong Entertainment industry which returned -7.5% over the past year.
Return vs Market: 302 underperformed the Hong Kong Market which returned 6.7% over the past year.
Price Volatility
| 302 volatility | |
|---|---|
| 302 Beta | 0 |
| Industry Beta | 0.63 |
| Market Beta | 1 |
Stable Share Price: 302 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 302's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 1,115 | Jian Xiao | https://www.cmge.com |
CMGE Technology Group Limited develops, publishes, and operates intellectual property (IP) - based PC and mobile games in the People's Republic of China. The company offers games on IPs related to cultural products and art works, such as icons or characters from animations, novels, and motion pictures. As of December 31, 2020, it operated 81 games.
CMGE Technology Group Fundamentals Summary
| 302 fundamental statistics | |
|---|---|
| Market Cap | CN¥7.16b |
| Earnings (TTM) | CN¥807.11m |
| Revenue (TTM) | CN¥4.29b |
8.9x
P/E Ratio1.7x
P/S RatioIs 302 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 302 income statement (TTM) | |
|---|---|
| Revenue | CN¥4.29b |
| Cost of Revenue | CN¥2.75b |
| Gross Profit | CN¥1.53b |
| Expenses | CN¥724.33m |
| Earnings | CN¥807.11m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.29 |
| Gross Margin | 35.73% |
| Net Profit Margin | 18.83% |
| Debt/Equity Ratio | 8.0% |
How did 302 perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield25%
Payout 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$3.15) is trading below our estimate of fair value (HK$13.06)
Significantly Below Fair Value: 302 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 302 is good value based on its PE Ratio (8.9x) compared to the Hong Kong Entertainment industry average (11.1x).
PE vs Market: 302 is good value based on its PE Ratio (8.9x) compared to the Hong Kong market (9.6x).
Price to Earnings Growth Ratio
PEG Ratio: 302 is poor value based on its PEG Ratio (29.4x)
Price to Book Ratio
PB vs Industry: 302's PB Ratio (1.3x) is in line with the HK Entertainment industry average.
Future Growth
How is CMGE Technology Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
0.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 302's forecast earnings growth (0.3% per year) is below the savings rate (1.5%).
Earnings vs Market: 302's earnings (0.3% per year) are forecast to grow slower than the Hong Kong market (17.6% per year).
High Growth Earnings: 302's earnings are forecast to grow, but not significantly.
Revenue vs Market: 302's revenue (7% per year) is forecast to grow slower than the Hong Kong market (12.4% per year).
High Growth Revenue: 302's revenue (7% 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 (15.5%).
Past Performance
How has CMGE Technology Group performed over the past 5 years?
28.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 302 has a large one-off gain of CN¥245.7M impacting its June 30 2021 financial results.
Growing Profit Margin: 302's current net profit margins (18.8%) are higher than last year (8.6%).
Past Earnings Growth Analysis
Earnings Trend: 302's earnings have grown significantly by 28.6% per year over the past 5 years.
Accelerating Growth: 302's earnings growth over the past year (192.7%) exceeds its 5-year average (28.6% per year).
Earnings vs Industry: 302 earnings growth over the past year (192.7%) exceeded the Entertainment industry 7.2%.
Return on Equity
High ROE: 302's Return on Equity (14%) is considered low.
Financial Health
How is CMGE Technology Group's financial position?
Financial Position Analysis
Short Term Liabilities: 302's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 302's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥242.4M).
Debt to Equity History and Analysis
Debt Level: 302's debt to equity ratio (8%) 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 (108.9%).
Interest Coverage: 302 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is CMGE Technology Group current dividend yield, its reliability and sustainability?
2.94%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 302's dividend (2.94%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.24%).
High Dividend: 302's dividend (2.94%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.8%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 302's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 302's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (25.3%), 302's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 302's dividends in 3 years are forecast to be well covered by earnings (23.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.1yrs
Average board tenure
CEO
Jian Xiao (40 yo)
no data
Tenure
CN¥40,772,000
Compensation
Mr. Jian Xiao is the Chairman and the Chief Executive Officer at CMGE Technology Group Limited and has been the Executive Director since April 25, 2018. He serves as Founding Partner at China Prosperity Pa...
CEO Compensation Analysis
Compensation vs Market: Jian's total compensation ($USD6.39M) is above average for companies of similar size in the Hong Kong market ($USD440.19K).
Compensation vs Earnings: Jian's compensation has been consistent with company performance over the past year.
Board Members
Experienced Board: 302's board of directors are not considered experienced ( 2.1 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.8%.
Top Shareholders
Company Information
CMGE Technology Group Limited's 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$8.719b
- Shares outstanding: 2.77b
- Website: https://www.cmge.com
Number of Employees
Location
- CMGE Technology Group Limited
- Building No. 4
- 10th Floor
- Shenzhen
- Guangdong Province
- China
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 16:31 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.