China Literature Limited's (HKG:772) P/E Is On The Mark
May 21
Hong Kong (HSI) Publishing Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies8
- 7D-5.1%
- 3M14.2%
- 1Y3.6%
- YTDn/a
Over the last 7 days, the Publishing industry has dropped 5.1%, driven by a pullback from China Literature of 2.2%. In contrast, Xinhua Winshare Publishing and Media has gained 5.6%. Over the past 12 months, the industry was up 3.6%. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the Hong Kong Publishing Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$45.9b | HK$24.2b | HK$2.4b | 7.7x | 18.9x | 1.9x |
| Sat, 27 Apr 2024 | HK$47.1b | HK$24.1b | HK$2.5b | 7.2x | 19.1x | 2x |
| Mon, 25 Mar 2024 | HK$46.9b | HK$23.8b | HK$2.4b | 7.8x | 19.4x | 2x |
| Wed, 21 Feb 2024 | HK$42.8b | HK$23.7b | HK$2.4b | 8.4x | 17.9x | 1.8x |
| Fri, 19 Jan 2024 | HK$44.3b | HK$23.7b | HK$2.4b | 8.5x | 18.5x | 1.9x |
| Sun, 17 Dec 2023 | HK$50.1b | HK$23.9b | HK$2.4b | 10.1x | 20.8x | 2.1x |
| Tue, 14 Nov 2023 | HK$48.0b | HK$23.5b | HK$2.5b | 11.5x | 19.1x | 2x |
| Thu, 12 Oct 2023 | HK$47.1b | HK$23.2b | HK$2.4b | 12.2x | 19.8x | 2x |
| Sat, 09 Sep 2023 | HK$48.1b | HK$23.2b | HK$2.4b | 12.2x | 20.3x | 2.1x |
| Mon, 07 Aug 2023 | HK$41.1b | HK$12.0b | HK$659.5m | 35.9x | 62.3x | 3.4x |
| Wed, 05 Jul 2023 | HK$40.0b | HK$12.0b | HK$656.8m | 35.9x | 60.9x | 3.3x |
| Fri, 02 Jun 2023 | HK$34.2b | HK$12.2b | HK$707.2m | 27.9x | 48.3x | 2.8x |
| Sun, 30 Apr 2023 | HK$40.3b | HK$12.4b | HK$724.5m | 23.1x | 55.7x | 3.2x |
| Tue, 28 Mar 2023 | HK$45.8b | HK$12.5b | HK$754.0m | 11.3x | 60.8x | 3.7x |
| Thu, 23 Feb 2023 | HK$39.9b | HK$13.4b | HK$1.1b | 11.5x | 34.7x | 3x |
| Sat, 21 Jan 2023 | HK$44.1b | HK$13.5b | HK$1.2b | 10.8x | 37.8x | 3.3x |
| Mon, 19 Dec 2022 | HK$33.0b | HK$13.2b | HK$1.1b | 10.3x | 29.3x | 2.5x |
| Wed, 16 Nov 2022 | HK$31.9b | HK$13.1b | HK$1.1b | 14.1x | 29.2x | 2.4x |
| Fri, 14 Oct 2022 | HK$23.5b | HK$13.0b | HK$1.1b | 13.9x | 21.8x | 1.8x |
| Sun, 11 Sep 2022 | HK$33.4b | HK$13.3b | HK$1.1b | 15.3x | 30x | 2.5x |
| Tue, 09 Aug 2022 | HK$34.9b | HK$13.9b | HK$2.2b | 14.6x | 16.1x | 2.5x |
| Thu, 07 Jul 2022 | HK$40.6b | HK$13.9b | HK$2.2b | 15.4x | 18.7x | 2.9x |
| Sat, 04 Jun 2022 | HK$38.1b | HK$14.2b | HK$2.0b | 15.7x | 18.6x | 2.7x |
| Mon, 02 May 2022 | HK$38.8b | HK$14.3b | HK$2.1b | 15.7x | 18.4x | 2.7x |
| Wed, 30 Mar 2022 | HK$37.4b | HK$14.6b | HK$2.2b | 16.1x | 16.8x | 2.6x |
| Fri, 25 Feb 2022 | HK$47.4b | HK$15.8b | -HK$170,890,883.00 | 19.7x | -277.2x | 3x |
| Sun, 23 Jan 2022 | HK$59.2b | HK$15.7b | -HK$169,375,978.00 | 19.4x | -349.3x | 3.8x |
| Tue, 21 Dec 2021 | HK$56.2b | HK$15.7b | -HK$168,407,305.00 | 21.5x | -333.7x | 3.6x |
| Thu, 18 Nov 2021 | HK$65.7b | HK$15.6b | -HK$159,696,821.00 | 18x | -411.1x | 4.2x |
| Sat, 16 Oct 2021 | HK$63.5b | HK$16.6b | -HK$400,990,868.00 | 16.2x | -158.3x | 3.8x |
| Mon, 13 Sep 2021 | HK$75.7b | HK$16.6b | -HK$399,947,750.22 | 15.9x | -189.3x | 4.6x |
| Wed, 11 Aug 2021 | HK$81.2b | HK$16.6b | -HK$399,947,750.22 | 17.2x | -203x | 4.9x |
| Sun, 06 Jun 2021 | HK$87.5b | HK$15.7b | -HK$3,050,815,961.92 | 11.2x | -28.7x | 5.6x |
Price to Earnings Ratio
-28.7x
Current Industry PE
- Investors are pessimistic on the Hong Kong Publishing industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.9x which is higher than its 3-year average PE of -40.1x.
- The 3-year average PS ratio of 3.0x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- Total earnings for the Publishing industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Hong Kong Publishing compare with similar industries?
| HK Market | -2.07% | |
| Telecom | -2.13% | |
| Media | -5.18% | |
| Publishing | -5.12% | |
| Cable and Satellite | 0% | |
| Advertising | -5.21% | |
| Broadcasting | -5.65% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 811 Xinhua Winshare Publishing and Media | HK$9.20 | 5.6% +HK$604.6m | 55.4% | PE6.6x | |
| 2383 TOM Group | HK$0.51 | 3.0% +HK$59.3m | -21.5% | PS2.6x | |
| 685 Media Chinese International | HK$0.17 | 3.6% +HK$10.1m | -24.2% | PS0.3x | |
| 423 Hong Kong Economic Times Holdings | HK$0.92 | 1.1% +HK$4.3m | -19.3% | PS0.4x |