Executive Summary
CMMB Vision Holdings Limited, an investment holding company, engages in the convergent mobile multimedia broadcasting (CMMB) business in the United States and Taiwan. More Details
Rewards
Risk Analysis
Snowflake Analysis
Fair value with mediocre balance sheet.
Share Price & News
How has CMMB Vision Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 471 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: 471's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.8%
471
3.3%
HK Media
4.6%
HK Market
1 Year Return
-68.6%
471
20.4%
HK Media
15.2%
HK Market
Return vs Industry: 471 underperformed the Hong Kong Media industry which returned 20.4% over the past year.
Return vs Market: 471 underperformed the Hong Kong Market which returned 15.2% over the past year.
Shareholder returns
| 471 | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | 3.3% | 4.6% |
| 30 Day | 0.8% | -0.06% | 12.2% |
| 90 Day | -17.3% | -5.3% | 18.5% |
| 1 Year | -68.6%-68.6% | 21.1%20.4% | 19.7%15.2% |
| 3 Year | -96.2%-96.2% | -38.4%-40.6% | -2.7%-12.9% |
| 5 Year | -98.3%-98.4% | -51.0%-58.7% | 73.1%43.9% |
Long-Term Price Volatility Vs. Market
How volatile is CMMB Vision Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Does CMMB Vision Holdings' (HKG:471) CEO Salary Compare Well With The Performance Of The Company?3 months ago | Simply Wall St
Is CMMB Vision Holdings (HKG:471) Using Too Much Debt?4 months ago | Simply Wall St
A Look At The Intrinsic Value Of CMMB Vision Holdings Limited (HKG:471)Valuation
Is CMMB Vision Holdings 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: 471 (HK$0.25) is trading below our estimate of fair value (HK$18.77)
Significantly Below Fair Value: 471 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 471 is unprofitable, so we can't compare its PE Ratio to the HK Media industry average.
PE vs Market: 471 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 471's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 471 is good value based on its PB Ratio (0x) compared to the HK Media industry average (0.8x).
Next Steps
Future Growth
How is CMMB Vision Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
92.9%
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 CMMB Vision Holdings 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.
Next Steps
- Examine whether CMMB Vision Holdings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- CMMB Vision Holdings competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Media industry.
Past Performance
How has CMMB Vision Holdings performed over the past 5 years?
-0.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 471 is currently unprofitable.
Growing Profit Margin: 471 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 471 is unprofitable, and losses have increased over the past 5 years at a rate of 0.8% per year.
Accelerating Growth: Unable to compare 471's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 471 is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-0.4%).
Return on Equity
High ROE: 471 has a negative Return on Equity (-17.31%), as it is currently unprofitable.
Next Steps
Financial Health
How is CMMB Vision Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 471's short term assets ($6.0M) do not cover its short term liabilities ($11.2M).
Long Term Liabilities: 471's short term assets ($6.0M) do not cover its long term liabilities ($50.7M).
Debt to Equity History and Analysis
Debt Level: 471's debt to equity ratio (21.3%) is considered satisfactory.
Reducing Debt: 471's debt to equity ratio has increased from 10.6% to 21.3% 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: Whilst unprofitable 471 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 471 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 38.1% per year.
Next Steps
Dividend
What is CMMB Vision Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate 471's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 471'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 471's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 471'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 471'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?
9.7yrs
Average management tenure
CEO
Charles Wong (55 yo)
14yrs
Tenure
US$79,000
Compensation
Mr. Chau Chi Wong, also known as Charles, has been the Chief Executive Officer of CMMB Vision Holdings Limited since January 24, 2007. Mr. Wong serves as an Executive Officer of Chi Capital Holdings Ltd. H...
CEO Compensation Analysis
Compensation vs Market: Charles's total compensation ($USD79.00K) is below average for companies of similar size in the Hong Kong market ($USD229.97K).
Compensation vs Earnings: Charles's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14yrs | US$79.00k | 22.08% $ 15.0m | |
| Vice Chairman & CTO | no data | US$175.00k | no data | |
| Finance Director | no data | no data | no data | |
| Chief Operation Officer | no data | no data | no data | |
| Chief Strategy Officer and Member of Advisory Board | 8.17yrs | no data | no data | |
| Managing Director of New York Broadband | no data | no data | no data | |
| Managing Director of China Business Operation | no data | no data | no data | |
| Company Secretary | 0.083yr | no data | no data |
9.7yrs
Average Tenure
Experienced Management: 471's management team is seasoned and experienced (9.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 14yrs | US$79.00k | 22.08% $ 15.0m | |
| Vice Chairman & CTO | no data | US$175.00k | no data | |
| Chief Strategy Officer and Member of Advisory Board | 8.17yrs | no data | no data | |
| Independent Non-Executive Director | 13.58yrs | no data | no data | |
| Independent Non-Executive Director | 11.25yrs | no data | no data | |
| Non-Executive Director | 13.92yrs | no data | no data | |
| Non-Executive Director | 15.58yrs | no data | no data | |
| Independent Non-Executive Director | 0.25yr | no data | no data |
12.7yrs
Average Tenure
56yo
Average Age
Experienced Board: 471's board of directors are seasoned and experienced ( 12.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 471 insiders have only sold shares 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 47%.
Top Shareholders
Company Information
CMMB Vision Holdings Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: CMMB Vision Holdings Limited
- Ticker: 471
- Exchange: SEHK
- Founded: 2004
- Industry: Broadcasting
- Sector: Media
- Market Cap: HK$68.092m
- Shares outstanding: 277.93m
- Website: https://www.cmmbvision.com
Number of Employees
Location
- CMMB Vision Holdings Limited
- Core F, Cyberport 3
- Unit 1211, Level 12
- Hong Kong
- Hong Kong
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 471 | SEHK (The Stock Exchange of Hong Kong Ltd.) | Yes | Ordinary Shares | HK | HKD | Oct 2005 |
Biography
CMMB Vision Holdings Limited, an investment holding company, engages in the convergent mobile multimedia broadcasting (CMMB) business in the United States and Taiwan. The company operates through CMMB Busi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/20 10:15 |
| End of Day Share Price | 2021/01/20 00:00 |
| Earnings | 2020/06/30 |
| 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.