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Phoenix Media Investment (Holdings)
(2008)
Select Model
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Rating:45Neutral
Price Target:
HK$1.50
▲(20.97% Upside)
Action:Reiterated
Date:07/18/26
The score is primarily held down by weak financial performance: steep revenue decline, ongoing losses, and a shift back to negative operating and free cash flow in 2025. Technicals also lean bearish with the stock trading below major moving averages, while valuation remains unattractive/unclear due to negative earnings (negative P/E) and no stated dividend yield.
Positive Factors
Improving leverage
A declining debt-to-equity ratio to ~0.18 indicates materially reduced leverage versus prior years. Lower leverage is a durable strength: it cuts insolvency risk, reduces fixed financing costs, and preserves flexibility to invest or absorb losses while pursuing a structural recovery.
Negative Factors
Severe revenue contraction
A ~64% YoY top-line collapse is structurally damaging: it reduces scale economics, weakens pricing and ad-monetization leverage, and makes it harder to cover fixed costs. Absent a clear product or market recovery, the revenue base may take many quarters to rebuild.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
A declining debt-to-equity ratio to ~0.18 indicates materially reduced leverage versus prior years. Lower leverage is a durable strength: it cuts insolvency risk, reduces fixed financing costs, and preserves flexibility to invest or absorb losses while pursuing a structural recovery.
Read all positive factors
Phoenix Media Investment (Holdings) (2008) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$674.14M
Dividend Yield1.45%
Average Volume (3M)38.97K
Price to Earnings (P/E)―
Beta (1Y)0.51
Revenue Growth9.66%
EPS Growth52.77%
CountryHK
Employees2,225
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-0.26
Shares Outstanding499,365,940
10 Day Avg. Volume28,560
30 Day Avg. Volume38,966
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.33
Price to Sales (P/S)0.45
P/FCF Ratio-4.19
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Phoenix Media Investment (Holdings) Business Overview & Revenue Model
Company Description
Phoenix Media Investment (Holdings) Limited operates as an investment holding company, primarily offering satellite television broadcasting services across the People's Republic of China and globally. The company's operations are divided into five...
How the Company Makes Money
null...
Phoenix Media Investment (Holdings) Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
31
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.27B | 2.05B | 2.24B | 2.47B | 3.00B | 3.16B |
| Gross Profit | 148.67M | 32.80M | 125.29M | 140.20M | 71.04M | 160.88M |
| EBITDA | 41.66M | -93.15M | -14.01M | 47.01M | 8.53M | -102.03M |
| Net Income | -129.13M | -226.75M | -252.60M | -258.99M | -382.50M | -456.20M |
Balance Sheet | ||||||
| Total Assets | 5.83B | 5.66B | 5.83B | 6.69B | 7.22B | 8.78B |
| Cash, Cash Equivalents and Short-Term Investments | 2.40B | 2.34B | 2.54B | 2.26B | 2.62B | 3.01B |
| Total Debt | 569.37M | 646.91M | 582.65M | 933.96M | 1.02B | 1.35B |
| Total Liabilities | 2.20B | 1.99B | 2.08B | 2.52B | 2.79B | 3.37B |
| Stockholders Equity | 2.70B | 2.73B | 2.86B | 3.19B | 3.41B | 4.04B |
Cash Flow | ||||||
| Free Cash Flow | -81.04M | -218.22M | 313.98M | -125.15M | 171.95M | -264.10M |
| Operating Cash Flow | -44.43M | -161.65M | 352.66M | -44.19M | 295.29M | -167.06M |
| Investing Cash Flow | -37.79M | -101.77M | 346.28M | 303.97M | 549.54M | 10.76M |
| Financing Cash Flow | -38.25M | -81.91M | -181.32M | -104.79M | -504.43M | -449.33M |
Phoenix Media Investment (Holdings) Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$13.12B | 5.08 | 8.15% | 8.95% | 1.85% | -14.40% | |
63 Neutral | HK$5.01B | 11.89 | 3.92% | 5.16% | -6.86% | 379.60% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | HK$332.20M | 19.19 | 4.01% | 5.03% | -12.66% | ― | |
55 Neutral | HK$1.83B | 10.12 | 2.82% | 5.15% | -23.74% | -54.08% | |
45 Neutral | HK$674.14M | -5.13 | -4.76% | 1.45% | 9.66% | 52.77% | |
45 Neutral | HK$1.35B | -1.95 | -7.89% | ― | -13.13% | -332.19% |
* Communication Services Sector Average
HK:2008
Phoenix Media Investment (Holdings)
1.35
-0.04
-2.88%
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0.17
<0.01
4.43%
HK:3700
Inke Ltd.
0.83
-0.53
-38.97%
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Weibo Corp Class A
53.40
-33.43
-38.50%
HK:1896
Maoyan Entertainment
4.27
-3.48
-44.93%
HK:2390
Zhihu, Inc. Class A
6.94
-5.95
-46.16%
Phoenix Media Investment (Holdings) Corporate Events
Phoenix Media Investors Approve All Resolutions at 2026 AGM
Jun 3, 2026
Phoenix Media Investment (Holdings) Limited said shareholders approved all resolutions at its annual general meeting held on June 3, 2026, with voting conducted by poll on the company’s entire issued share capital. No shareholders were requi...
Phoenix Media Secures Major Connected Deal for Chinese Medicine TV Programmes
May 15, 2026
Phoenix Media Investment (Holdings) has expanded its cooperation with substantial shareholder Bauhinia Culture HK through a series of connected transactions for Chinese medicine-themed television content. Phoenix TV was engaged to produce, broadca...
Phoenix Media Issues Supplemental AGM Notice and Updates Director Elections
May 15, 2026
Phoenix Media Investment (Holdings) has issued a supplemental notice confirming that its annual general meeting will proceed as scheduled on 3 June 2026 in Hong Kong, with all information in the original AGM notice remaining in force except for sp...
Phoenix Media Investment Reshapes Top Editorial and Executive Leadership
May 15, 2026
Phoenix Media Investment (Holdings) Limited announced that Mr. Sun Yusheng has retired from his roles as Executive Director, Deputy Chief Executive Officer, Editor-in-Chief, member of the Nomination Committee, authorised representative and process...
Phoenix Media Investment Updates Board Structure and Governance Committees
May 15, 2026
Phoenix Media Investment (Holdings) Limited has released an updated list of its board of directors and detailed their respective roles and functions. The board comprises executive, non-executive and independent non-executive directors, including X...
Phoenix Media Flags Q1 2026 Results Filing by NYSE-Listed Subsidiary
May 13, 2026
Phoenix Media Investment (Holdings) Limited has announced that its NYSE-listed subsidiary, Phoenix New Media Limited, has filed unaudited financial results for the first quarter of 2026 with the U.S. Securities and Exchange Commission. The disclos...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.