Hong Kong Economic Times Holdings Limited

OTCPK:HKGE.F Stock Report

Market Cap: US$43.8m

Hong Kong Economic Times Holdings Valuation

Is HKGE.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HKGE.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HKGE.F ($0.09) is trading below our estimate of fair value ($0.14)

Significantly Below Fair Value: HKGE.F is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for HKGE.F?

Key metric: As HKGE.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HKGE.F. This is calculated by dividing HKGE.F's market cap by their current earnings.
What is HKGE.F's PE Ratio?
PE Ratio6.3x
EarningsHK$0
Market CapHK$340.96m

Price to Earnings Ratio vs Peers

How does HKGE.F's PE Ratio compare to its peers?

The above table shows the PE ratio for HKGE.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23x
SCHL Scholastic
31.7x60.8%US$716.4m
SGRP SPAR Group
4.1x-89.1%US$49.2m
STFS Star Fashion Culture Holdings
38.4xn/aUS$57.3m
SGA Saga Communications
17.9x-17.5%US$82.6m
HKGE.F Hong Kong Economic Times Holdings
6.3xn/aUS$341.0m

Price-To-Earnings vs Peers: HKGE.F is good value based on its Price-To-Earnings Ratio (6.3x) compared to the peer average (23x).


Price to Earnings Ratio vs Industry

How does HKGE.F's PE Ratio compare vs other companies in the US Media Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DISH DISH Network
2.5x-71.9%US$3.08b
GTN Gray Television
2.9x-29.4%US$440.14m
SGRP SPAR Group
4.1x-89.1%US$49.16m
ABLV Able View Global
3.9xn/aUS$37.47m
HKGE.F 6.3xIndustry Avg. 15.6xNo. of Companies7PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: HKGE.F is good value based on its Price-To-Earnings Ratio (6.3x) compared to the US Media industry average (15.3x).


Price to Earnings Ratio vs Fair Ratio

What is HKGE.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HKGE.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HKGE.F's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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