Loading...

We've got a brand new version of Simply Wall St! Try it out

Asiaray Media Group

SEHK:1993
Snowflake Description

Slightly overvalued with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1993
SEHK
HK$2B
Market Cap
  1. Home
  2. HK
  3. Media
Company description

Asiaray Media Group Limited, an investment holding company, operates as an out-of-home media company in the People’s Republic of China and Hong Kong. The last earnings update was 76 days ago. More info.


Add to Portfolio Compare Print
1993 Share Price and Events
7 Day Returns
0.6%
SEHK:1993
-1.3%
HK Media
-2.7%
HK Market
1 Year Returns
33.5%
SEHK:1993
-28.2%
HK Media
-5.6%
HK Market
1993 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asiaray Media Group (1993) 0.6% 11.1% 2.4% 33.5% 67.3% -
HK Media -1.3% -1.3% 6.4% -28.2% -49.5% -63.6%
HK Market -2.7% -4.6% -1% -5.6% 4.1% -4%
1 Year Return vs Industry and Market
  • 1993 outperformed the Media industry which returned -28.2% over the past year.
  • 1993 outperformed the Market in Hong Kong which returned -5.6% over the past year.
Price Volatility
1993
Industry
5yr Volatility vs Market

1993 Value

 Is Asiaray Media Group 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 Asiaray Media Group 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 Asiaray Media Group.

SEHK:1993 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 10.8%
Perpetual Growth Rate 10-Year HK Government Bond Rate 1.6%

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 SEHK:1993
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
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%) (174.75%))
1.517
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.52
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (1.517 * 6.07%)
10.76%

Discounted Cash Flow Calculation for SEHK:1993 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Asiaray Media Group 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.

SEHK:1993 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 10.76%)
2020 307.20 Est @ 41.26% 277.36
2021 397.35 Est @ 29.35% 323.91
2022 480.82 Est @ 21.01% 353.88
2023 553.76 Est @ 15.17% 367.98
2024 615.14 Est @ 11.08% 369.07
2025 665.72 Est @ 8.22% 360.63
2026 707.14 Est @ 6.22% 345.86
2027 741.23 Est @ 4.82% 327.32
2028 769.69 Est @ 3.84% 306.87
2029 793.95 Est @ 3.15% 285.80
Present value of next 10 years cash flows HK$3,318.00
SEHK:1993 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= HK$793.95 × (1 + 1.55%) ÷ (10.76% – 1.55%)
HK$8,756.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$8,756.63 ÷ (1 + 10.76%)10
HK$3,152.17
SEHK:1993 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$3,318.00 + HK$3,152.17
HK$6,470.17
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$6,470.17 / 433.25
HK$14.93
SEHK:1993 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$14.93
Current discount Discount to share price of HK$5.02
= -1 x (HK$5.02 - HK$14.93) / HK$14.93
66.4%

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

Current Discount
Amount off the current price Asiaray Media Group is available for.
Intrinsic value
>50%
Share price is HK$5.02 vs Future cash flow value of HK$14.93
Current Discount Checks
For Asiaray Media Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Asiaray Media Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Asiaray Media Group's share price is below the future cash flow value, and 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 Asiaray Media Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asiaray Media Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:1993 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in HKD HK$0.03
SEHK:1993 Share Price ** SEHK (2019-12-05) in HKD HK$5.02
Hong Kong Media Industry PE Ratio Median Figure of 19 Publicly-Listed Media Companies 23.77x
Hong Kong Market PE Ratio Median Figure of 1,469 Publicly-Listed Companies 10.13x

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

** Primary Listing of Asiaray Media Group.

SEHK:1993 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:1993 Share Price ÷ EPS (both in HKD)

= 5.02 ÷ 0.03

184.95x

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

  • Asiaray Media Group is overvalued based on earnings compared to the HK Media industry average.
  • Asiaray Media Group is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Asiaray Media Group's expected growth come at a high price?
Raw Data
SEHK:1993 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 184.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Media Industry PEG Ratio Median Figure of 90 Publicly-Listed Media Companies 1.17x
Hong Kong Market PEG Ratio Median Figure of 480 Publicly-Listed Companies 0.72x

*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 Asiaray Media Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asiaray Media Group's assets?
Raw Data
SEHK:1993 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in HKD HK$0.83
SEHK:1993 Share Price * SEHK (2019-12-05) in HKD HK$5.02
Hong Kong Media Industry PB Ratio Median Figure of 42 Publicly-Listed Media Companies 0.77x
Hong Kong Market PB Ratio Median Figure of 2,202 Publicly-Listed Companies 0.81x
SEHK:1993 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:1993 Share Price ÷ Book Value per Share (both in HKD)

= 5.02 ÷ 0.83

6.02x

* Primary Listing of Asiaray Media Group.

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

  • Asiaray Media Group is overvalued based on assets compared to the HK Media industry average.
X
Value checks
We assess Asiaray Media Group'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. Asiaray Media Group 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.

1993 Future Performance

 How is Asiaray Media Group 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 Asiaray Media Group 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
30.8%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Asiaray Media Group expected to grow at an attractive rate?
  • Unable to compare Asiaray Media Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Asiaray Media Group's earnings growth to the Hong Kong market average as no estimate data is available.
  • Unable to compare Asiaray Media Group's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:1993 Future Growth Rates Data Sources
Data Point Source Value (per year)
Hong Kong Media Industry Earnings Growth Rate Market Cap Weighted Average 30.8%
Hong Kong Media Industry Revenue Growth Rate Market Cap Weighted Average 13.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.8%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*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
SEHK:1993 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 HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:1993 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,942 268 12
2019-03-31 1,935 203 37
2018-12-31 1,929 138 61
2018-09-30 1,916 150 54
2018-06-30 1,904 163 46
2018-03-31 1,832 132 45
2017-12-31 1,759 101 45
2017-09-30 1,654 37
2017-06-30 1,548 -19 30
2017-03-31 1,510 0 23
2016-12-31 1,471 20 17
2016-09-30 1,453 -33 -16

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Asiaray Media Group is high growth as no earnings estimate data is available.
  • Unable to determine if Asiaray Media Group 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
SEHK:1993 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 Asiaray Media Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1993 Past Financials Data
Date (Data in HKD Millions) EPS *
2019-06-30 0.03
2019-03-31 0.08
2018-12-31 0.14
2018-09-30 0.12
2018-06-30 0.11
2018-03-31 0.10
2017-12-31 0.10
2017-09-30 0.08
2017-06-30 0.07
2017-03-31 0.05
2016-12-31 0.04
2016-09-30 -0.04

*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 Asiaray Media Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 1993’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Asiaray Media Group'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. Asiaray Media Group'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 Asiaray Media Group'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 Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong 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.
Asiaray Media Group 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.

1993 Past Performance

  How has Asiaray Media Group 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 Asiaray Media Group'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.
  • Asiaray Media Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Asiaray Media Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Asiaray Media Group's 1-year earnings growth is negative, it can't be compared to the HK Media industry average.
Earnings and Revenue History
Asiaray Media Group'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 Asiaray Media Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:1993 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,941.63 11.81 369.11
2019-03-31 1,935.25 36.52 360.75
2018-12-31 1,928.87 61.23 352.39
2018-09-30 1,916.36 53.72 340.32
2018-06-30 1,903.86 46.21 328.43
2018-03-31 1,831.55 45.45 308.54
2017-12-31 1,759.24 44.69 288.65
2017-09-30 1,653.85 37.16 281.28
2017-06-30 1,548.46 29.63 273.92
2017-03-31 1,509.63 23.25 273.97
2016-12-31 1,470.80 16.88 274.02
2016-09-30 1,452.89 -15.93 277.12
2016-06-30 1,434.98 -48.16 280.19
2016-03-31 1,420.64 -43.89 272.86
2015-12-31 1,406.29 -39.62 265.53
2015-09-30 1,376.11 21.18 249.47
2015-06-30 1,345.92 81.97 233.42
2015-03-31 1,333.30 112.26 229.78
2014-12-31 1,320.69 142.56 226.15
2014-09-30 1,292.08 145.01 211.45
2014-06-30 1,263.48 147.47 196.75
2014-03-31 1,237.39 138.36 181.76
2013-12-31 1,211.31 129.26 166.78
2012-12-31 953.10 59.63 134.77

*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.
  • Asiaray Media Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Asiaray Media Group used its assets less efficiently than the HK Media industry average last year based on Return on Assets.
  • Asiaray Media Group has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Asiaray Media Group'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.
Asiaray Media Group 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.

1993 Health

 How is Asiaray Media Group'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 Asiaray Media Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asiaray Media Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Asiaray Media Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Asiaray Media Group'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.
  • Debt is covered by short term assets, assets are 5.3x debt.
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 Asiaray Media Group Company Filings, last reported 5 months ago.

SEHK:1993 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 465.71 225.98 231.05
2019-03-31 465.71 225.98 231.05
2018-12-31 575.18 269.01 386.05
2018-09-30 575.18 269.01 386.05
2018-06-30 573.26 204.41 330.30
2018-03-31 573.26 204.41 330.30
2017-12-31 579.18 144.35 330.82
2017-09-30 579.18 144.35 330.82
2017-06-30 578.51 124.29 289.63
2017-03-31 578.51 124.29 289.63
2016-12-31 587.66 66.95 264.07
2016-09-30 582.51 66.95 264.07
2016-06-30 638.72 60.18 294.64
2016-03-31 638.72 60.18 294.64
2015-12-31 700.67 23.56 356.70
2015-09-30 700.67 23.56 356.70
2015-06-30 762.96 28.39 537.84
2015-03-31 762.96 28.39 537.84
2014-12-31 208.77 120.18 329.77
2014-09-30 208.77 120.18 329.77
2014-06-30 286.20 160.46 320.30
2014-03-31 286.20 160.46 320.30
2013-12-31 207.36 125.86 320.02
2012-12-31 40.07 65.33 175.12
  • Asiaray Media Group's level of debt (48.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56.1% vs 48.5% today).
  • Debt is well covered by operating cash flow (118.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Asiaray Media Group'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. Asiaray Media Group has a total score of 2/6, 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.

1993 Dividends

 What is Asiaray Media Group'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
0%
Current annual income from Asiaray Media Group dividends.
If you bought HK$2,000 of Asiaray Media Group shares you are expected to receive HK$0 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?
  • Unable to evaluate Asiaray Media Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Asiaray Media Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
SEHK:1993 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
Hong Kong Media Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 5.7%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 963 Stocks 3.8%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.3%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

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

SEHK:1993 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-08-23 0.000 0.000
2019-03-27 0.039 1.046
2018-03-27 0.260 9.682
2017-04-27 0.230 9.028
2017-03-24 0.230 9.044
2016-09-15 0.260 8.956
2016-08-31 0.260 9.631
2016-04-27 0.180 4.638
2016-03-30 0.180 3.603
2015-09-16 0.110 2.587
2015-08-31 0.110 3.225
2015-04-29 0.065 1.104
2015-03-31 0.065 0.950

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

  • Unable to perform a dividend volatility check as Asiaray Media Group has not reported any payouts.
  • Unable to verify if Asiaray Media Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Asiaray Media Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Asiaray Media Group has not reported any payouts.
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 Asiaray Media Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Asiaray Media Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asiaray Media Group has a total score of 0/6, see the detailed checks below.


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

1993 Management

 What is the CEO of Asiaray Media Group'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
Vincent Lam
COMPENSATION HK$1,422,000
AGE 58
CEO Bio

Mr. Tak Hing Lam, also known as Vincent, serves as the Chief Executive Officer at Asiaray Media Group Limited. Mr. Lam has been the Chairman at Asiaray Media Group Limited since June 12, 2014 and has been its Executive Director since May 20, 2014. He holds B.Sc honours from University of Sydney in March 1984 and Master's degree in Commerce from the University of New South Wales in Australia in April 1987.

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

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

2.5
Average Tenure
49
Average Age
  • The tenure for the Asiaray Media Group management team is about average.
Management Team

Vincent Lam

TITLE
Chairman & CEO
COMPENSATION
HK$1M
AGE
58

Ka Lam

TITLE
COO & Executive Director
COMPENSATION
HK$3M
AGE
45

Ka Fung

TITLE
Deputy General Manager of Sales
AGE
46
TENURE
5.5 yrs

Pui Sum Ip

TITLE
Company Secretary
AGE
59
TENURE
2.5 yrs

Chi Man So

TITLE
Consultant
COMPENSATION
HK$1M
AGE
49
TENURE
2.5 yrs
Board of Directors Tenure

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

5.5
Average Tenure
53.5
Average Age
  • The tenure for the Asiaray Media Group board of directors is about average.
Board of Directors

Vincent Lam

TITLE
Chairman & CEO
COMPENSATION
HK$1M
AGE
58
TENURE
5.5 yrs

Ka Lam

TITLE
COO & Executive Director
COMPENSATION
HK$3M
AGE
45
TENURE
5.6 yrs

Andrew Ma

TITLE
Independent Non-Executive Director
COMPENSATION
HK$252K
AGE
77
TENURE
5.6 yrs

Ho Fai Ma

TITLE
Independent Non-Executive Director
COMPENSATION
HK$252K
AGE
67
TENURE
5.6 yrs

Chi Kin Wong

TITLE
Non-Executive Director
COMPENSATION
HK$252K
AGE
45
TENURE
2.8 yrs

Ka Ling Mak

TITLE
Independent Non-Executive Director
COMPENSATION
HK$252K
AGE
49
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Asiaray Media Group'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. Asiaray Media Group 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.

1993 News

Simply Wall St News

Is Asiaray Media Group (HKG:1993) A Risky Investment?

We note that Asiaray Media Group Limited (HKG:1993) does have debt on its balance sheet. … SEHK:1993 Historical Debt, August 19th 2019 How Healthy Is Asiaray Media Group's Balance Sheet? … Asiaray Media Group may have net cash on the balance sheet, but it is still interesting to look at how well the business converts its earnings before interest and tax (EBIT) to free cash flow, because that will influence both its need for, and its capacity to manage debt.

Simply Wall St -

If You Had Bought Asiaray Media Group (HKG:1993) Stock A Year Ago, You Could Pocket A 110% Gain Today

For example, the Asiaray Media Group Limited (HKG:1993) share price has soared 110% in the last year. … As it happens, Asiaray Media Group's TSR for the last year was 117%, which exceeds the share price return mentioned earlier. … A Different Perspective We're pleased to report that Asiaray Media Group rewarded shareholders with a total shareholder return of 117% over the last year.

Simply Wall St -

Asiaray Media Group Limited (HKG:1993) Earns A Nice Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Asiaray Media Group: 0.22 = HK$143m ÷ (HK$1.6b - HK$944m) (Based on the trailing twelve months to December 2018.) Therefore, Asiaray Media Group has an ROCE of 22%. … What Are Current Liabilities, And How Do They Affect Asiaray Media Group's ROCE? … While a high level of current liabilities boosts its ROCE, Asiaray Media Group's returns are still very good.

Simply Wall St -

What Is Asiaray Media Group's (HKG:1993) P/E Ratio After Its Share Price Rocketed?

A high P/E ratio means that investors have a high expectation about future growth, while a low P/E ratio means they have low expectations about future growth. … Asiaray Media Group increased earnings per share by a whopping 38% last year. … Since Asiaray Media Group holds net cash of HK$117m, it can spend on growth, justifying a higher P/E ratio than otherwise.

Simply Wall St -

Does Asiaray Media Group Limited's (HKG:1993) 37% Earnings Growth Reflect The Long-Term Trend?

See our latest analysis for Asiaray Media Group Were 1993's earnings stronger than its past performances and the industry? … Companies that have performed well in the past, such as Asiaray Media Group gives investors conviction. … I recommend you continue to research Asiaray Media Group to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for 1993’s future growth?

Simply Wall St -

What Does Asiaray Media Group Limited's (HKG:1993) P/E Ratio Tell You?

We'll apply a basic P/E ratio analysis to Asiaray Media Group Limited's (HKG:1993), to help you decide if the stock is worth further research. … The formula for P/E is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Asiaray Media Group: P/E of 21.34 = HK$2.98 ÷ HK$0.14 (Based on the trailing twelve months to December 2018.) Is A High P/E Ratio Good? … Since Asiaray Media Group holds net cash of HK$117m, it can spend on growth, justifying a higher P/E ratio than otherwise.

Simply Wall St -

How Much Of Asiaray Media Group Limited (HKG:1993) Do Insiders Own?

Check out our latest analysis for Asiaray Media Group SEHK:1993 Ownership Summary, May 23rd 2019 What Does The Lack Of Institutional Ownership Tell Us About Asiaray Media Group? … SEHK:1993 Income Statement, May 23rd 2019 Hedge funds don't have many shares in Asiaray Media Group. … Insider Ownership Of Asiaray Media Group The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

Does Asiaray Media Group (HKG:1993) Deserve A Spot On Your Watchlist?

If, on the other hand, you like companies that have revenue, and even earn profits, then you may well be interested in Asiaray Media Group (HKG:1993). … And the insider buying isn't the only sign of alignment between shareholders and the board, since Asiaray Media Group insiders own more than a third of the company. … So if you like the sound of Asiaray Media Group, you'll probably love this free list of growing companies that insiders are buying.

Simply Wall St -

How Much is Asiaray Media Group Limited's (HKG:1993) CEO Getting Paid?

Vincent Lam is the CEO of Asiaray Media Group Limited (HKG:1993). … Check out our latest analysis for Asiaray Media Group … How Does Vincent Lam's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Have Insiders Been Buying Asiaray Media Group Limited (HKG:1993) Shares?

So before you buy or sell Asiaray Media Group Limited (HKG:1993), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Asiaray Media Group. … Even though the purchase was made at a significantly lower price than the recent price (HK$3.78), we still think insider buying is a positive

Simply Wall St -

1993 Company Info

Description

Asiaray Media Group Limited, an investment holding company, operates as an out-of-home media company in the People’s Republic of China and Hong Kong. It operates through Airport Business, and Metro and Billboards Business segments. The company develops and operates out-of-home advertising media, including advertising in airports, metro lines, and billboards and building solutions. It also provides design, consultancy, construction, and maintenance services. The company was founded in 1993 and is headquartered in Quarry Bay, Hong Kong. Asiaray Media Group Limited is a subsidiary of Media Cornerstone Limited.

Details
Name: Asiaray Media Group Limited
1993
Exchange: SEHK
Founded: 1993
HK$2,109,915,325
433,247,500
Website: http://www.asiaray.com
Address: Asiaray Media Group Limited
Kornhill Plaza-Office Tower,
16th Floor,
Quarry Bay,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 1993 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 15. Jan 2015
Number of employees
Current staff
Staff numbers
1,101
Asiaray Media Group employees.
Industry
Advertising
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 12:56
End of day share price update: 2019/12/05 00:00
Last earnings filing: 2019/09/20
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.