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391

Mei Ah Entertainment GroupSEHK:391 Stock Report

Market Cap

HK$550.9m

7D

-1.1%

1Y

-12.3%

Updated

15 Oct, 2021

Data

Company Financials
391 fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

391 Overview

Mei Ah Entertainment Group Limited, an investment holding company, engages in the television business in Hong Kong, Mainland China, Taiwan, and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Mei Ah Entertainment Group
Historical stock prices
Current Share PriceHK$0.093
52 Week HighHK$0.083
52 Week LowHK$0.13
Beta0.78
1 Month Change-4.12%
3 Month Change-7.00%
1 Year Change-12.26%
3 Year Change-59.21%
5 Year Change-84.50%
Change since IPO-78.08%

Recent News & Updates

Shareholder Returns

391HK EntertainmentHK Market
7D-1.1%3.3%1.1%
1Y-12.3%-13.5%5.3%

Return vs Industry: 391 exceeded the Hong Kong Entertainment industry which returned -15.6% over the past year.

Return vs Market: 391 underperformed the Hong Kong Market which returned 5% over the past year.

Price Volatility

Is 391's price volatile compared to industry and market?
391 volatility
391 Beta0.78
Industry Beta0.63
Market Beta1

Stable Share Price: 391 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 391's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984124Tang Yuk Lihttps://www.meiah.com

Mei Ah Entertainment Group Limited, an investment holding company, engages in the television business in Hong Kong, Mainland China, Taiwan, and internationally. The company is also involved in film exhibition; film rights licensing and sub-licensing; cinema operations; concert performance and events organization; applications and video online; artiste management; and property investment businesses, as well as the sale and distribution of films and programs in audio visual product format. It also produces films and tele-features.

Mei Ah Entertainment Group Fundamentals Summary

How do Mei Ah Entertainment Group's earnings and revenue compare to its market cap?
391 fundamental statistics
Market CapHK$550.91m
Earnings (TTM)-HK$58.25m
Revenue (TTM)HK$95.59m

5.8x

P/S Ratio

-9.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
391 income statement (TTM)
RevenueHK$95.59m
Cost of RevenueHK$40.14m
Gross ProfitHK$55.45m
ExpensesHK$113.70m
Earnings-HK$58.25m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0098
Gross Margin58.01%
Net Profit Margin-60.94%
Debt/Equity Ratio33.5%

How did 391 perform over the long term?

See historical performance and comparison

Valuation

Is Mei Ah Entertainment Group undervalued compared to its fair value and its price relative to the market?

1.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 391's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 391's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 391 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Entertainment industry average.

PE vs Market: 391 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 391's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 391 is overvalued based on its PB Ratio (1.5x) compared to the HK Entertainment industry average (1.3x).


Future Growth

How is Mei Ah Entertainment Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

55.5%

Forecasted Media 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 Mei Ah Entertainment 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 SimplyWall St do have past financial data.


Past Performance

How has Mei Ah Entertainment Group performed over the past 5 years?

-3.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 391 is currently unprofitable.

Growing Profit Margin: 391 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 391 is unprofitable, and losses have increased over the past 5 years at a rate of 3% per year.

Accelerating Growth: Unable to compare 391's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 391 is unprofitable, making it difficult to compare its past year earnings growth to the Entertainment industry (7.2%).


Return on Equity

High ROE: 391 has a negative Return on Equity (-15.48%), as it is currently unprofitable.


Financial Health

How is Mei Ah Entertainment Group's financial position?


Financial Position Analysis

Short Term Liabilities: 391's short term assets (HK$99.9M) do not cover its short term liabilities (HK$190.1M).

Long Term Liabilities: 391's short term assets (HK$99.9M) do not cover its long term liabilities (HK$207.1M).


Debt to Equity History and Analysis

Debt Level: 391's debt to equity ratio (33.5%) is considered satisfactory.

Reducing Debt: 391's debt to equity ratio has increased from 1.3% to 33.5% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: 391 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: 391 has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 8.6% each year.


Dividend

What is Mei Ah Entertainment Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 391's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 391's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 391's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 391'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 391'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?

7.4yrs

Average board tenure


CEO

Tang Yuk Li (36 yo)

1.58yrs

Tenure

HK$978,000

Compensation

Mr. Tang Yuk Li has been an Executive Director of Mei Ah Entertainment Group Limited since May 1, 2014 and its Chief Executive Officer since March 31, 2020. Mr. Li joined Mei Ah Entertainment Group in 2008...


CEO Compensation Analysis

Compensation vs Market: Tang Yuk's total compensation ($USD125.74K) is below average for companies of similar size in the Hong Kong market ($USD230.70K).

Compensation vs Earnings: Tang Yuk's compensation has increased whilst the company is unprofitable.


Board Members

Experienced Board: 391's board of directors are considered experienced (7.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 391 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Mei Ah Entertainment Group Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Mei Ah Entertainment Group Limited
  • Ticker: 391
  • Exchange: SEHK
  • Founded: 1984
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: HK$550.908m
  • Shares outstanding: 5.92b
  • Website: https://www.meiah.com

Number of Employees


Location

  • Mei Ah Entertainment Group Limited
  • Mei Ah Centre
  • 5th Floor
  • Kowloon
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:37
End of Day Share Price2021/10/15 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.