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Clear Media

DB:XM8
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XM8
DB
HK$3B
Market Cap
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Last updated 2019/12/05 20:51
Company description

Clear Media Limited, an investment holding company, operates as an outdoor advertising company in the People’s Republic of China. The last earnings update was 70 days ago. More info.

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  • Clear Media has significant price volatility in the past 3 months.
XM8 Share Price and Events
7 Day Returns
33.3%
DB:XM8
-1.2%
DE Media
-0.9%
DE Market
1 Year Returns
4.1%
DB:XM8
0.7%
DE Media
11.1%
DE Market
XM8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Clear Media (XM8) 33.3% 78% 62.6% 4.1% -21.7% -14.1%
DE Media -1.2% -5.2% -0.3% 0.7% -14.2% -20.2%
DE Market -0.9% 0.4% 7.7% 11.1% 11.1% 16.9%
1 Year Return vs Industry and Market
  • XM8 outperformed the Media industry which returned 0.7% over the past year.
  • XM8 underperformed the Market in Germany which returned 11.1% over the past year.
Price Volatility
XM8
Industry
5yr Volatility vs Market

XM8 Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Clear Media to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Clear Media.

DB:XM8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:XM8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.1%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.767 (1 + (1- 25%) (77.83%)) 		1.144
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.144 * 6.07%) 		6.55%

Discounted Cash Flow Calculation for DB:XM8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Clear Media is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:XM8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 6.55%)
2020 285.67 Est @ -5.68% 268.11
2021 273.97 Est @ -4.09% 241.32
2022 265.80 Est @ -2.98% 219.72
2023 259.94 Est @ -2.21% 201.67
2024 255.62 Est @ -1.66% 186.12
2025 252.35 Est @ -1.28% 172.45
2026 249.79 Est @ -1.01% 160.20
2027 247.73 Est @ -0.83% 149.11
2028 246.01 Est @ -0.7% 138.97
2029 244.52 Est @ -0.6% 129.64
Present value of next 10 years cash flows CN¥1,867.00
DB:XM8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥244.52 × (1 + -0.39%) ÷ (6.55% – -0.39%) 		CN¥3,509.08
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥3,509.08 ÷ (1 + 6.55%)10 		CN¥1,860.43
DB:XM8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥1,867.00 + CN¥1,860.43 		CN¥3,727.43
Equity Value per Share
(CNY)		 = Total value / Shares Outstanding
= CN¥3,727.43 / 540.64 		CN¥6.89
DB:XM8 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:100) 		1.111
Value per Share
(HKD)		 = Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥6.89 x 1.111 		HK$7.66
Non-primary Listing Adjustment Factor 1 share in DB:XM8 represents 0.11333x of SEHK:100
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.11333x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (HKD) x Listing Adjustment Factor
= HK$ 7.66 x 0.11333 		€0.87
Value per share (EUR) From above. €0.87
Current discount Discount to share price of €0.68
= -1 x (€0.68 - €0.87) / €0.87 		21.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Clear Media is available for.
Intrinsic value
22%
Share price is €0.68 vs Future cash flow value of €0.86772
Current Discount Checks
For Clear Media to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Clear Media's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Clear Media's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Clear Media's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Clear Media's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XM8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CNY CN¥0.16
SEHK:100 Share Price ** SEHK (2019-12-05) in HKD HK$6
SEHK:100 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.9 CN¥5.4
Germany Media Industry PE Ratio Median Figure of 13 Publicly-Listed Media Companies 24.7x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 20.32x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Clear Media.

DB:XM8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:100 Share Price ÷ EPS (both in CNY)

= 5.4 ÷ 0.16

 33.79x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clear Media is overvalued based on earnings compared to the DE Media industry average.
  • Clear Media is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Clear Media's expected growth come at a high price?
Raw Data
DB:XM8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.79x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts		 Not available
Germany Media Industry PEG Ratio Median Figure of 8 Publicly-Listed Media Companies 2.02x
Germany Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.42x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Clear Media, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Clear Media's assets?
Raw Data
DB:XM8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CNY CN¥4.13
SEHK:100 Share Price * SEHK (2019-12-05) in HKD HK$6
SEHK:100 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.9 CN¥5.4
Germany Media Industry PB Ratio Median Figure of 14 Publicly-Listed Media Companies 3.05x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.84x
DB:XM8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:100 Share Price ÷ Book Value per Share (both in CNY)

= 5.4 ÷ 4.13

 1.31x

* Primary Listing of Clear Media.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clear Media is good value based on assets compared to the DE Media industry average.
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Value checks
We assess Clear Media's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
    5. Clear Media has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

XM8 Future Performance

 How is Clear Media expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Clear Media 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.9%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Clear Media expected to grow at an attractive rate?
  • Unable to compare Clear Media's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Clear Media's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Clear Media's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:XM8 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Media Industry Earnings Growth Rate Market Cap Weighted Average 7.9%
Germany Media Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:XM8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XM8 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:XM8 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-06-30 1,689 653 86
2019-03-31 1,746 613 154
2018-12-31 1,804 574 221
2018-09-30 1,802 639 234
2018-06-30 1,801 703 248
2018-03-31 1,754 639 248
2017-12-31 1,706 575 247
2017-09-30 1,664 584 233
2017-06-30 1,622 596 225
2017-03-31 1,615 545 233
2016-12-31 1,608 494 241
2016-09-30 1,562 472 239

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Clear Media is high growth as no earnings estimate data is available.
  • Unable to determine if Clear Media is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:XM8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Clear Media Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XM8 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:XM8 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-06-30 0.16
2019-03-31 0.28
2018-12-31 0.41
2018-09-30 0.43
2018-06-30 0.46
2018-03-31 0.46
2017-12-31 0.46
2017-09-30 0.43
2017-06-30 0.41
2017-03-31 0.43
2016-12-31 0.44
2016-09-30 0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Clear Media will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Clear Media's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Clear Media's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. Clear Media's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Clear Media's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Clear Media has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

XM8 Past Performance

  How has Clear Media performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Clear Media's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Clear Media's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Clear Media's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Clear Media's 1-year earnings growth is negative, it can't be compared to the DE Media industry average.
Earnings and Revenue History
Clear Media's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Clear Media Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XM8 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,688.64 86.45 346.58
2019-03-31 1,746.15 153.63 350.96
2018-12-31 1,803.66 220.81 355.34
2018-09-30 1,802.32 234.45 360.82
2018-06-30 1,800.98 248.09 366.30
2018-03-31 1,753.64 247.50 364.21
2017-12-31 1,706.31 246.91 362.13
2017-09-30 1,663.93 233.13 353.03
2017-06-30 1,621.56 224.79 343.93
2017-03-31 1,614.67 232.76 336.64
2016-12-31 1,607.78 240.73 329.36
2016-09-30 1,562.42 238.65 317.43
2016-06-30 1,501.96 232.67 302.38
2016-03-31 1,504.79 231.68 300.05
2015-12-31 1,486.46 228.20 293.24
2015-09-30 1,488.68 217.78 295.42
2015-06-30 1,437.44 200.35 286.70
2015-03-31 1,422.47 196.19 280.72
2014-12-31 1,408.22 192.13 274.88
2014-09-30 1,363.46 175.91 263.60
2014-06-30 1,355.11 164.36 259.35
2014-03-31 1,336.95 162.63 252.08
2013-12-31 1,286.31 156.94 238.79
2013-09-30 1,275.76 166.91 232.28
2013-06-30 1,255.27 175.74 223.89
2013-03-31 1,243.94 176.61 219.01
2012-12-31 1,224.05 176.31 212.58

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Clear Media has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Clear Media used its assets less efficiently than the DE Media industry average last year based on Return on Assets.
  • Clear Media's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Clear Media's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Clear Media has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

XM8 Health

 How is Clear Media's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Clear Media's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Clear Media is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Clear Media's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Clear Media's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Clear Media has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Clear Media Company Filings, last reported 5 months ago.

DB:XM8 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 2,358.19 0.00 536.35
2019-03-31 2,358.19 0.00 536.35
2018-12-31 2,514.45 0.00 473.51
2018-09-30 2,514.45 0.00 473.51
2018-06-30 2,348.51 0.00 595.36
2018-03-31 2,348.51 0.00 595.36
2017-12-31 2,339.90 0.00 337.42
2017-09-30 2,321.32 0.00 337.42
2017-06-30 2,344.09 0.00 590.36
2017-03-31 2,344.09 0.00 590.36
2016-12-31 2,282.90 0.00 441.54
2016-09-30 2,355.53 0.00 514.17
2016-06-30 2,352.59 0.00 533.02
2016-03-31 2,284.68 0.00 517.64
2015-12-31 2,348.51 0.00 577.51
2015-09-30 2,298.63 0.00 565.40
2015-06-30 2,180.37 0.00 416.33
2015-03-31 2,179.83 0.00 416.23
2014-12-31 2,397.56 0.00 839.49
2014-09-30 2,369.64 0.00 829.72
2014-06-30 2,284.14 0.00 764.89
2014-03-31 2,281.54 0.00 764.02
2013-12-31 2,252.35 0.00 697.10
2013-09-30 2,276.97 0.00 704.72
2013-06-30 2,732.38 0.00 1,154.01
2013-03-31 2,762.68 0.00 1,166.81
2012-12-31 2,716.20 0.00 1,037.22
  • Clear Media has no debt.
  • Clear Media has not taken on any debt in the past 5 years.
  • Clear Media has no debt, it does not need to be covered by operating cash flow.
  • Clear Media has no debt, therefore coverage of interest payments is not a concern.
Show me more healthy companies in the Media industry
X
Financial health checks
We assess Clear Media's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Clear Media has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

XM8 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.68%
Current annual income from Clear Media dividends.
If you bought €2,000 of Clear Media shares you are expected to receive €54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Clear Media's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.42%).
  • Clear Media's dividend is below the markets top 25% of dividend payers in Germany (3.66%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:XM8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Media Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 5.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:XM8 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
DB:XM8 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-04-15 0.145 3.730
2018-11-19 0.375 6.538
2017-06-19 0.352 5.427
2017-04-24 0.148 1.935
2017-01-24 0.150 1.964
2016-02-03 0.133 2.207
2015-05-29 0.567 8.781
2014-04-28 0.118 1.869
2013-04-29 0.117 2.411
2012-08-02 0.040 1.107
2012-02-09 0.040 1.164

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Clear Media has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Clear Media only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Clear Media's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Clear Media's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Clear Media afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Clear Media has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

XM8 Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Zi Jing Han
COMPENSATION CN¥6,742,000
AGE 63
CEO Bio

Mr. Zi Jing Han serves as the Chief Executive Officer of Clear Media Ltd. Mr. Han has been with Clear Media Ltd. since 1998. He served as General Manager of Guangdong White Horse Group Corporation, a diversified company with interests ranging from property to medical equipment. He has been an Executive Director at Clear Media Ltd. since April 2001. Mr. Han also served as Director of the Hong Kong Overseas Representative Office of China Science and Technology Association, a liaison body between the PRC Government and the international science and technology communities. Mr. Han has a Bachelor’s degree and graduated from a Post Graduate course at the South China Normal University.

CEO Compensation
  • Zi Jing's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Zi Jing's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Clear Media management team in years:

12.1
Average Tenure
63
Average Age
  • The average tenure for the Clear Media management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Joseph Tcheng

TITLE
Chairman of the Board
COMPENSATION
CN¥2M
AGE
64

Zi Jing Han

TITLE
CEO & Executive Director
COMPENSATION
CN¥7M
AGE
63

Harrison Zhang

TITLE
COO & Executive Director
COMPENSATION
CN¥5M
AGE
48
TENURE
12.1 yrs

Nan Feng Zou

TITLE
Director of Business Development
COMPENSATION
CN¥2M
AGE
66
TENURE
20.9 yrs

Bin Kim Lam

TITLE
Chief Financial Officer
AGE
48
TENURE
1.7 yrs

Jeffrey Yip

TITLE
Director of Investor Relations & Company Secretary
Board of Directors Tenure

Average tenure and age of the Clear Media board of directors in years:

10.2
Average Tenure
63.5
Average Age
  • The average tenure for the Clear Media board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Zi Jing Han

TITLE
CEO & Executive Director
COMPENSATION
CN¥7M
AGE
63
TENURE
18.7 yrs

Peter Maxwell Cosgrove

TITLE
Deputy Chairman
COMPENSATION
CN¥709K
AGE
65

Joseph Tcheng

TITLE
Chairman of the Board
COMPENSATION
CN¥2M
AGE
64
TENURE
3.9 yrs

Christopher Eccleshare

TITLE
Deputy Chairman
COMPENSATION
CN¥169K
AGE
63
TENURE
10.2 yrs

Harrison Zhang

TITLE
COO & Executive Director
COMPENSATION
CN¥5M
AGE
48
TENURE
11.6 yrs

Nan Feng Zou

TITLE
Director of Business Development
COMPENSATION
CN¥2M
AGE
66
TENURE
11.6 yrs

Tom Manning

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥253K
AGE
63
TENURE
7.9 yrs

Robert Gazzi

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥1M
AGE
65
TENURE
3.3 yrs

Shou Zhi Wang

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥169K
AGE
72
TENURE
18.3 yrs

Jonathan Zhu

TITLE
Non-Executive Director
COMPENSATION
CN¥169K
AGE
56
TENURE
8.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Sep 19 Buy Mittleman Brothers, LLC Company 26. Sep 19 26. Sep 19 569,000 €0.46 €259,918
11. Jan 19 Sell International Value Advisers, LLC Company 10. Jan 19 10. Jan 19 -2,559,000 €0.77 €-1,979,348
X
Management checks
We assess Clear Media's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Clear Media has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

XM8 News

Simply Wall St News

XM8 Company Info

Description

Clear Media Limited, an investment holding company, operates as an outdoor advertising company in the People’s Republic of China. It provides bus shelter advertising solutions. The company serves e-commerce, IT digital product, entertainment, beverage, food, realty, business/consumer service, realty, telecommunication, and education industries. As of December 31, 2018, it operated bus shelter advertising network of approximately 54,000 panels covering 24 cities in Mainland China. The company was founded in 1986 and is headquartered in Causeway Bay, Hong Kong. Clear Media Limited operates as a subsidiary of Clear Channel Outdoor, Inc.

Details
Name: Clear Media Limited
XM8
Exchange: DB
Founded: 1986
HK$389,210,139
540,641,800
Website: http://www.clear-media.net
Address: Clear Media Limited
Lee Garden One,
12th Floor,
Causeway Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 100 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 19. Dec 2001
OTCPK CRML.F Ordinary Shares Pink Sheets LLC US USD 19. Dec 2001
DB XM8 Ordinary Shares Deutsche Boerse AG DE EUR 19. Dec 2001
Number of employees
Current staff
Staff numbers
601
Clear Media employees.
Industry
Advertising
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 20:51
End of day share price update: 2019/12/05 00:00
Last estimates confirmation: 2019/03/11
Last earnings filing: 2019/09/26
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

Related Companies

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