SEHK:471

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CMMB Vision Holdings

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.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.3%

471

3.7%

HK Media

4.1%

HK Market


1 Year Return

-52.7%

471

9.9%

HK Media

-4.7%

HK Market

Return vs Industry: 471 underperformed the Hong Kong Media industry which returned 9.9% over the past year.

Return vs Market: 471 underperformed the Hong Kong Market which returned -4.7% over the past year.


Shareholder returns

471IndustryMarket
7 Day-3.3%3.7%4.1%
30 Day17.1%12.5%4.2%
90 Day39.1%40.0%11.7%
1 Year-52.7%-52.7%11.4%9.9%-1.2%-4.7%
3 Year-94.6%-94.6%-56.8%-62.0%7.7%-3.5%
5 Year-98.8%-98.9%-69.2%-74.4%7.2%-10.1%

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

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$0.45) is trading below our estimate of fair value (HK$2.65)

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 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 (0.6x).


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?

18.8%

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

Past Performance

How has CMMB Vision Holdings performed over the past 5 years?

12.0%

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, but has reduced losses over the past 5 years at a rate of 12% 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 (-22.3%).


Return on Equity

High ROE: 471 has a negative Return on Equity (-12.72%), 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 ($9.3M) do not cover its short term liabilities ($17.4M).

Long Term Liabilities: 471's short term assets ($9.3M) do not cover its long term liabilities ($48.1M).


Debt to Equity History and Analysis

Debt Level: 471's debt to equity ratio (19.1%) is considered satisfactory.

Reducing Debt: 471's debt to equity ratio has increased from 10% to 19.1% 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 24.7% 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?

12.6yrs

Average board tenure


CEO

Charles Wong (55yo)

13.5yrs

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 ($USD79.00K) is below average for companies of similar size in the Hong Kong market ($USD226.42K).

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


Board Members

NamePositionTenureCompensationOwnership
Chau-Chi Wong
Chairman & CEO13.5yrsUS$79.00k27.9% $28.2m
Hui Liu
Vice Chairman & CTOno dataUS$175.00kno data
Douglas Sicker
Chief Strategy Officer and Member of Advisory Board7.67yrsno datano data
Jun Li
Independent Non-Executive Director13.08yrsno datano data
Shan Li
Independent Non-Executive Director10.75yrsno datano data
Yi Yang
Non-Executive Director13.42yrsno datano data
Tsan-Hsiung Chou
Non Executive Director15.08yrsno datano data

12.6yrs

Average Tenure

56.5yo

Average Age

Experienced Board: 471's board of directors are seasoned and experienced ( 12.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 471 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 44.1%.


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$101.044m
  • Shares outstanding: 227.06m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
471SEHK (The Stock Exchange of Hong Kong Ltd.)HKD0.01 (POST COMP)HKHKDNo data
471SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2005
CMBV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDOct 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 Business and Trading Business segments. It delivers digital mobile television (TV) and multimedia contents through terrestrial and satellite networks directly to mobile and wireless devices, such as smartphones, tablets, pocket TVs, laptops, automobile digital receivers, and personal media players. The company also engages in the free-to-air digital TV programming activities; and procurement and distribution of PCB materials. In addition, it provides convergent satellite-mobile multimedia infotainment broadcasting services. The company was formerly known as Global Flex Holdings Limited and changed its name to CMMB Vision Holdings Limited in May 2010. CMMB Vision Holdings Limited was incorporated in 2004 and is headquartered in Hong Kong, Hong Kong. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 12:48
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.