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|
|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
Does CMGE Technology Group (HKG:302) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
With EPS Growth And More, CMGE Technology Group (HKG:302) Is Interesting
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Returns On Capital At CMGE Technology Group (HKG:302) Have Stalled
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
|302||HK Entertainment||HK Market|
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.
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
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|
Is 302 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|302 income statement (TTM)|
|Cost of Revenue||CN¥2.75b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.29|
|Net Profit Margin||18.83%|
How did 302 perform over the long term?See historical performance and comparison
2.9%Current Dividend Yield
Is CMGE Technology Group undervalued compared to its fair value and its price relative to the market?
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.
How is CMGE Technology Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
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%).
How has CMGE Technology Group performed over the past 5 years?
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.
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.
What is CMGE Technology Group current dividend yield, its reliability and sustainability?
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).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Jian Xiao (40 yo)
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.
Experienced Board: 302's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.8%.
CMGE Technology Group Limited's employee growth, exchange listings and data sources
- 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
- CMGE Technology Group Limited
- Building No. 4
- 10th Floor
- Guangdong Province
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|
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.