NYSE:FENG

Stock Analysis Report

Executive Summary

Phoenix New Media Limited provides content on an integrated Internet platform in the People’s Republic of China.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-3.0%

FENG

2.7%

US Interactive Media and Services

1.8%

US Market


1 Year Return

-32.4%

FENG

13.5%

US Interactive Media and Services

7.3%

US Market

Return vs Industry: FENG underperformed the US Interactive Media and Services industry which returned 13.5% over the past year.

Return vs Market: FENG underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

FENGIndustryMarket
7 Day-3.0%2.7%1.8%
30 Day-24.5%-0.09%-0.7%
90 Day-20.2%3.1%0.06%
1 Year-32.4%-32.4%13.6%13.5%9.7%7.3%
3 Year-37.8%-37.8%44.7%44.7%46.3%36.9%
5 Year-76.3%-76.3%93.7%93.5%64.5%46.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Phoenix New Media undervalued compared to its fair value and its price relative to the market?

0.37x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: FENG ($2.25) is trading above our estimate of fair value ($1.29)

Significantly Undervalued: FENG is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: FENG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FENG is good value based on its PB Ratio (0.4x) compared to the US Interactive Media and Services industry average (3.3x).


Next Steps

Future Growth

How is Phoenix New Media forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

147.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: FENG's revenue (14.2% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: FENG's revenue (14.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: FENG's Return on Equity is forecast to be low in 3 years time (2%).


Next Steps

Past Performance

How has Phoenix New Media performed over the past 5 years?

-67.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FENG is unprofitable, and losses have increased over the past 5 years at a rate of -67% per year.

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

Earnings vs Industry: FENG is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (12.3%).


Return on Equity

High ROE: FENG has a negative Return on Equity (-7.56%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Phoenix New Media's financial position?


Financial Position Analysis

Short Term Liabilities: FENG's short term assets (CN¥2.5B) exceeds its short term liabilities (CN¥1.9B)

Long Term Liabilities: FENG's short term assets (2.5B) exceeds its long term liabilities (265.0M)


Debt to Equity History and Analysis

Debt Level: FENG is debt free.

Reducing Debt: FENG had no debt 5 years ago.

Debt Coverage: FENG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: FENG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: FENG has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FENG's debt is covered by short term assets.


Next Steps

Dividend

What is Phoenix New Media's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage0.4%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if FENG'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 FENG's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Shuang Liu (50yo)

11.9yrs

Tenure

0

Mr. Shuang Liu has been the Chief Operating Officer of Phoenix Satellite Television Holdings Ltd. since February 18, 2014. Mr. Liu is responsible for strategizing, overseeing and allocating resources to im ...


Management Age and Tenure

3.8yrs

Average Tenure

50yo

Average Age

Experienced Management: FENG's management team is considered experienced (3.8 years average tenure).


Board Age and Tenure

8.4yrs

Average Tenure

60yo

Average Age

Experienced Board: FENG's board of directors are considered experienced (8.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Betty Ho (50yo)

    CFO & Director

    • Tenure: 1.9yrs
  • Shuang Liu (50yo)

    CEO & Director

    • Tenure: 11.9yrs
  • Chun Liu (51yo)

    Senior Vice President

    • Tenure: 1yrs
  • Ming Zou

    VP & Chief Editor

    • Tenure: 0yrs
  • Xiaoyan Chi (40yo)

    Senior Vice President

    • Tenure: 1.7yrs
  • Qing Liu

    Head of Investor Relations

    • Tenure: 0yrs

Board Members

  • Betty Ho (50yo)

    CFO & Director

    • Tenure: 1.9yrs
  • Carson Wen (67yo)

    Independent Director

    • Tenure: 8.4yrs
  • Keung Chui (68yo)

    Chairman of the Board of Directors

    • Tenure: 11.9yrs
  • Ka Keung Yeung (60yo)

    Director

    • Tenure: 8.4yrs
  • Daguang He (62yo)

    Director

    • Tenure: 10.8yrs
  • Jerry Zhang (59yo)

    Independent Director

    • Tenure: 8.4yrs
  • Shuang Liu (50yo)

    CEO & Director

    • Tenure: 11.9yrs

Company Information

Phoenix New Media Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Phoenix New Media Limited
  • Ticker: FENG
  • Exchange: NYSE
  • Founded: 2007
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: US$164.042m
  • Shares outstanding: 72.91m
  • Website: https://www.ifeng.com

Number of Employees


Location

  • Phoenix New Media Limited
  • Sinolight Plaza
  • Floor 16
  • Beijing
  • 100102
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FENGNYSE (New York Stock Exchange)YesSPONSORED ADSUSUSDMay 2011

Biography

Phoenix New Media Limited provides content on an integrated Internet platform in the People’s Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 00:16
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.