Phoenix New Media Limited American Depositary Shares each representing 48 Class A.
Find Ratings ReportsPHOENIX NEW MEDIA LTD's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. PHOENIX NEW MEDIA LTD is extremely liquid. Currently, the Quick Ratio is 2.67 which clearly shows the ability to cover any short-term cash needs. FENG managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 7.19% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 20.78 | 24.18 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | -5.19 | -3.39 |
Net Income ($mil) | -2.87 | 4.95 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 141.76 | 159.43 |
Total Assets ($mil) | 241.95 | 284.47 |
Total Debt ($mil) | 10.31 | 15.35 |
Equity ($mil) | 167.37 | 180.35 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 34.2 | 35.6 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | -24.98 | -14.0 |
Sales Turnover | 0.42 | 0.45 |
Return on Assets | -4.05 | -9.56 |
Return on Equity | -5.86 | -15.09 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 2.72 | 2.39 |
Debt/Capital | 0.06 | 0.08 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 12.13 | 12.13 |
Div / share | 0.0 | 0.0 |
EPS | -0.24 | 0.41 |
Book value / share | 13.8 | 14.87 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 58805.0 | 12654.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.13 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 2.06. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, PHOENIX NEW MEDIA LTD proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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FENG NM | Peers 18.90 | FENG NA | Peers 17.10 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. FENG's P/E is negative making this valuation measure meaningless. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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FENG NA | Peers 10.66 | FENG NA | Peers 0.70 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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FENG 0.13 | Peers 2.06 | FENG 65.24 | Peers 102.71 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. FENG is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, FENG is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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FENG 0.22 | Peers 1.91 | FENG -21.46 | Peers 5.82 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. FENG is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. FENG significantly trails its peers on the basis of sales growth. |
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