SEHK:685

Stock Analysis Report

Media Chinese International

Executive Summary

Media Chinese International Limited, an investment holding company, engages in publishing, printing, and distributing Chinese newspapers, magazines, books, and digital contents in Hong Kong, Taiwan, North America, Malaysia, and other Southeast Asian countries.

Snowflake

Fundamentals

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Media Chinese International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.3%

685

-0.1%

HK Media

2.2%

HK Market


1 Year Return

-31.5%

685

-32.4%

HK Media

-1.3%

HK Market

Return vs Industry: 685 matched the Hong Kong Media industry which returned -32.4% over the past year.

Return vs Market: 685 underperformed the Hong Kong Market which returned -1.3% over the past year.


Share holder returns

685IndustryMarket
7 Day3.3%-0.1%2.2%
30 Day-1.6%-1.5%-2.9%
90 Day-12.5%-16.4%-5.8%
1 Year-27.5%-31.5%-31.1%-32.4%2.3%-1.3%
3 Year-70.6%-74.8%-47.5%-54.3%15.6%3.9%
5 Year-79.8%-84.6%-56.5%-65.2%20.1%0.06%

Price Volatility Vs. Market

How volatile is Media Chinese International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Media Chinese International undervalued based on future cash flows and its price relative to the stock market?

14%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: 685 (HK$0.32) is trading below our estimate of fair value (HK$0.36)

Significantly Undervalued: 685 is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: 685 is unprofitable, so we can't compare its PE Ratio to the Media industry average.

PE vs Market: 685 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate 685's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: 685 is good value based on its PB Ratio (0.4x) compared to the HK Media industry average (0.7x).


Next Steps

Future Growth

How is Media Chinese International expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

25.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: 685 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 685 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 685 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 685's revenue is expected to decline over the next 3 years (-3.3% per year).

High Growth Revenue: 685's revenue is forecast to decline over the next 3 years (-3.3%).


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: 685's Return on Equity is forecast to be low in 3 years time (3.6%).


Next Steps

Past Performance

How has Media Chinese International performed over the past 5 years?

-57.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 685 is unprofitable, and losses have increased over the past 5 years at a rate of -57% per year.

Accelerating Growth: Unable to compare 685's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 685 is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (-15.7%).


Return on Equity

High ROE: 685 has a negative Return on Equity (-7.39%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 685 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 685 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Media Chinese International's financial position?


Financial Position Analysis

Short Term Liabilities: 685's short term assets ($142.6M) exceeds its short term liabilities ($77.3M)

Long Term Liabilities: 685's short term assets (142.6M) exceeds its long term liabilities (7.8M)


Debt to Equity History and Analysis

Debt Level: 685's debt to equity ratio (11%) is considered satisfactory

Reducing Debt: 685's debt to equity ratio has reduced from 66.8% to 11% over the past 5 years.

Debt Coverage: 685's debt is well covered by operating cash flow (37.3%).

Interest Coverage: 685 is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: 685 has a high level of physical assets or inventory.

Debt Coverage by Assets: 685's debt is covered by short term assets (assets are 7.674340x debt).


Next Steps

Dividend

What is Media Chinese International's current dividend yield, its reliability and sustainability?

4.98%

Current Dividend Yield


Dividend Yield vs Market

company5.0%marketbottom25%2.3%markettop25%6.3%industryaverage5.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: 685's dividend (4.98%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 685's dividend (4.98%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.35%).

Stable Dividend: 685's dividend payments have been volatile in the past 10 years.

Growing Dividend: 685's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: 685 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Media Chinese International's salary, the management and board of directors tenure and is there insider trading?

6.6yrs

Average management tenure


CEO

Francis Tiong (59yo)

13.8yrs

Tenure

US$452,000

Compensation

Mr. Kiew Chiong Tiong, also known as Francis, has been the Chief Executive Officer at Media Chinese International Limited (Alternate name Ming Pao Enterprise Corporation Limited) since December 13, 2005. M ...


CEO Compensation Analysis

Compensation vs. Market: Francis's total compensation ($USD452.00K) is above average for companies of similar size in the Hong Kong market ($USD211.63K).

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


Management Age and Tenure

6.6yrs

Average Tenure

59yo

Average Age

Experienced Management: 685's management team is seasoned and experienced (6.6 years average tenure).


Board Age and Tenure

6.6yrs

Average Tenure

61yo

Average Age

Experienced Board: 685's board of directors are considered experienced (6.6 years average tenure).


Insider Trading

Insider Buying: 685 insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$238,13708 Oct 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,323,000
Max PriceUS$0.18
BuyUS$27,82408 Oct 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares85,000
Max PriceUS$0.33
BuyUS$65,18630 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares199,000
Max PriceUS$0.33
BuyUS$43,25430 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares131,900
Max PriceUS$0.33
BuyUS$214,74126 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares656,000
Max PriceUS$0.33
BuyUS$31,67725 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares96,500
Max PriceUS$0.33
BuyUS$37,05325 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares112,900
Max PriceUS$0.33
BuyUS$163,61520 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares500,000
Max PriceUS$0.33
BuyUS$54,12019 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares170,300
Max PriceUS$0.32
BuyUS$174,57319 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares533,000
Max PriceUS$0.33
BuyUS$497,30816 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,558,800
Max PriceUS$0.32
BuyUS$157,65216 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares493,600
Max PriceUS$0.32
BuyUS$44,65516 Sep 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares140,000
Max PriceUS$0.32
BuyUS$148,17630 May 19
Kiew Tiong
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares432,000
Max PriceUS$0.34
BuyUS$322,74410 Jan 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares849,400
Max PriceUS$0.38
BuyUS$461,66810 Jan 19
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,150,600
Max PriceUS$0.40
BuyUS$374,54420 Dec 18
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,000,000
Max PriceUS$0.37
BuyUS$747,68020 Dec 18
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares2,000,000
Max PriceUS$0.37
BuyUS$370,88120 Dec 18
Ik Tiong
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,000,000
Max PriceUS$0.37
BuyUS$117,89912 Dec 18
Kiew Tiong
EntityIndividual
Role
Chief Executive Officer
CEO & Executive Director
Shares300,000
Max PriceUS$0.39
BuyUS$638,10231 Oct 18
Conch Company Limited
EntityCompany
Shares1,500,000
Max PriceUS$0.43

Ownership Breakdown


Management Team

  • Chew Leong (63yo)

    Executive Director

    • Tenure: 11.5yrs
    • Compensation: US$210.00k
  • Francis Tiong (59yo)

    CEO & Executive Director

    • Tenure: 13.8yrs
    • Compensation: US$452.00k
  • Choon Tiong (50yo)

    Executive Director

    • Tenure: 6.6yrs
    • Compensation: US$76.00k
  • Khang Wong (52yo)

    Group CEO & Executive Director of Sin Chew Media Corporation Berhad

    • Tenure: 0yrs
  • Siew Kheng Tong

    Joint Company Secretary

    • Tenure: 7.3yrs
  • Pak Cheong Lam (50yo)

    Head of Finance

    • Tenure: 0yrs
  • Sam Liew (60yo)

    Group COO & Executive Director of Nanyang and CEO of the China Press Berhad

    • Tenure: 0yrs
  • Heung Nam Leung (62yo)

    Editor-In-Chief of Ming Pao Daily News & Director of Ming Pao Newspaper Limited

    • Tenure: 0yrs
  • Suk Han Tin

    Joint Company Secretary

    • Tenure: 1.5yrs

Board Members

  • Ik Tiong (69yo)

    Non-Executive Chairman

    • Tenure: 1.5yrs
    • Compensation: US$39.00k
  • David Yu (71yo)

    Independent Non-Executive Director

    • Tenure: 20.6yrs
    • Compensation: US$54.00k
  • Chew Leong (63yo)

    Executive Director

    • Tenure: 11.5yrs
    • Compensation: US$210.00k
  • Francis Tiong (59yo)

    CEO & Executive Director

    • Tenure: 13.8yrs
    • Compensation: US$452.00k
  • Choon Tiong (50yo)

    Executive Director

    • Tenure: 6.6yrs
    • Compensation: US$76.00k
  • Hiew King Tiong (84yo)

    Honorary Chairman

    • Tenure: 0.5yrs
    • Compensation: US$24.00k
  • Khang Wong (52yo)

    Group CEO & Executive Director of Sin Chew Media Corporation Berhad

    • Tenure: 0yrs
  • Sam Liew (60yo)

    Group COO & Executive Director of Nanyang and CEO of the China Press Berhad

    • Tenure: 0yrs
  • Kee Chong (52yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: US$22.00k
  • Heung Nam Leung (62yo)

    Editor-In-Chief of Ming Pao Daily News & Director of Ming Pao Newspaper Limited

    • Tenure: 0yrs

Company Information

Media Chinese International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Media Chinese International Limited
  • Ticker: 685
  • Exchange: SEHK
  • Founded:
  • Industry: Publishing
  • Sector: Media
  • Market Cap: HK$531.479m
  • Shares outstanding: 1.69b
  • Website: https://www.mediachinesegroup.com

Number of Employees


Location

  • Media Chinese International Limited
  • Ming Pao Industrial Centre
  • 15th Floor
  • Chai Wan
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
685SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDJan 1992
MEDIACKLSE (Bursa Malaysia)YesOrdinary SharesMYMYRJan 1992

Biography

Media Chinese International Limited, an investment holding company, engages in publishing, printing, and distributing Chinese newspapers, magazines, books, and digital contents in Hong Kong, Taiwan, North  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:33
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.

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