Financials Phoenix New Media Limited

Equities

FENG

US71910C2026

Advertising & Marketing

Market Closed - Nyse 04:10:00 2024-04-26 pm EDT 5-day change 1st Jan Change
1.75 USD -1.69% Intraday chart for Phoenix New Media Limited -3.85% +28.68%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 3,020 1,600 993.2 569.9 398.6 224.2
Enterprise Value (EV) 1 2,250 780.7 -529.4 -1,015 -1,054 -816.7
P/E ratio 88 x -25 x 1.36 x 1.5 x -1.94 x -2.03 x
Yield - - - - - -
Capitalization / Revenue 1.92 x 1.16 x 0.65 x 0.47 x 0.39 x 0.29 x
EV / Revenue 1.43 x 0.57 x -0.35 x -0.84 x -1.02 x -1.04 x
EV / EBITDA 44.5 x -8.53 x 1.82 x 24.8 x 3.43 x 4.94 x
EV / FCF 27 x 4.41 x -1.14 x 4.54 x 31.9 x 2.49 x
FCF Yield 3.7% 22.7% -87.9% 22% 3.13% 40.2%
Price to Book 1.22 x 0.52 x 0.3 x 0.35 x 0.28 x 0.17 x
Nbr of stocks (in thousands) 11,922 12,118 12,132 12,132 12,132 12,132
Reference price 2 253.4 132.0 81.87 46.98 32.85 18.48
Announcement Date 4/26/18 4/26/19 4/28/20 4/28/21 4/28/22 5/1/23
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 1,575 1,377 1,531 1,209 1,030 785.7
EBITDA 1 50.6 -91.55 -290.2 -40.86 -307.6 -165.2
EBIT 1 14.98 -124 -367.6 -79.79 -336.1 -191.4
Operating Margin 0.95% -9% -24.01% -6.6% -32.62% -24.36%
Earnings before Tax (EBT) 1 49.21 -45.51 744.2 446.6 -252.5 -196.1
Net income 1 37.47 -63.22 727.8 380.4 -205.7 -109.7
Net margin 2.38% -4.59% 47.54% 31.47% -19.96% -13.96%
EPS 2 2.880 -5.280 60.00 31.35 -16.96 -9.120
Free Cash Flow 1 83.25 177 465.5 -223.3 -33.01 -328.6
FCF margin 5.29% 12.85% 30.4% -18.48% -3.2% -41.82%
FCF Conversion (EBITDA) 164.52% - - - - -
FCF Conversion (Net income) 222.16% - 63.95% - - -
Dividend per Share - - - - - -
Announcement Date 4/26/18 4/26/19 4/28/20 4/28/21 4/28/22 5/1/23
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 771 819 1,523 1,585 1,452 1,041
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 83.2 177 465 -223 -33 -329
ROE (net income / shareholders' equity) 1.48% -2.23% 20.9% 16.4% -17.9% -9.47%
ROA (Net income/ Total Assets) 0.28% -1.88% -4.61% -1.23% -8.11% -5.39%
Assets 1 13,542 3,356 -15,772 -30,887 2,535 2,033
Book Value Per Share 2 208.0 254.0 275.0 135.0 118.0 109.0
Cash Flow per Share 2 30.20 14.30 28.10 29.50 15.60 7.910
Capex 1 27.8 56 83.8 12.1 16.8 34
Capex / Sales 1.76% 4.06% 5.48% 1% 1.63% 4.32%
Announcement Date 4/26/18 4/26/19 4/28/20 4/28/21 4/28/22 5/1/23
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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