CMGE Technology Group Ltd
HKEX:302
Intrinsic Value
CMGE Technology Group Ltd. is an IP-oriented game operator, which engages in the mobile game publishing, game development, and investment business. [ Read More ]
The intrinsic value of one
CMGE Technology Group Ltd
stock under the Base Case scenario is
2.96
HKD.
Compared to the current market price of 1.26 HKD,
CMGE Technology Group Ltd
is
Undervalued by 57%.
CMGE Technology Group Ltd's market capitalization is 3.5B HKD.
CMGE Technology Group Ltd stock price is 1.26 HKD.
CMGE Technology Group Ltd stock price (1.26 HKD) is 57% less than its Intrinsic Value (2.96 HKD).
CMGE Technology Group Ltd stock price (1.26 HKD) is 62% less than its DCF Value (3.34 HKD). Open DCF Valuation
CMGE Technology Group Ltd stock price (1.26 HKD) is 51% less than its Relative Value (2.58 HKD). Open Relative Valuation
CMGE Technology Group Ltd has upside potential of 114% compared to the average analyst price target.
Open Wall St Estimates
CMGE Technology Group Ltd's Revenue has dropped by 4% over the past 12 months.
CMGE Technology Group Ltd has negative Net Income for the last twelve months.
CMGE Technology Group Ltd has positive Operating Income for the last twelve months.
CMGE Technology Group Ltd's ROIC (Return on Invested Capital) has decreased in the last 3 years from 8% to 1%.
CMGE Technology Group Ltd's Revenue is forecast to grow at a rate of 12% per year over the next 3 years.
CMGE Technology Group Ltd's ROIC (Return on Invested Capital) for the past 12 months is very low and is equal to 1%.
CMGE Technology Group Ltd has positive three-year average ROE (Return on Equity): 6%. The company is efficient at transforming stockholders' equity into net income.
CMGE Technology Group Ltd's ROE (Return on Equity) for the past 12 months is negative and is equal to 0%.
CMGE Technology Group Ltd has positive Net Debt. This means that the company has more debt (511m CNY) than cash and short-term investments (211m CNY).
CMGE Technology Group Ltd has a very low three-year average ROIC (Return on Invested Capital): 4%. The company is not efficient at using invested capital to generate operating income.
CMGE Technology Group Ltd's short-term assets (2B CNY) exceed its short-term liabilties (1B CNY).
CMGE Technology Group Ltd's ROE (Return on Equity) has significantly decreased in the last 3 years from 17% to 0%.
CMGE Technology Group Ltd's Revenue has been falling by 12% per year for the last 3 years.
CMGE Technology Group Ltd has positive Gross Profit for the last twelve months.
CMGE Technology Group Ltd has negative Free Cash Flow for the last twelve months.
CMGE Technology Group Ltd's Altman Z-Score is very high and is equal to 3.27.
CMGE Technology Group Ltd's D/E (Debt to Equity) is very low and is equal to 0.09.
CMGE Technology Group Ltd's long-term assets (7B CNY) exceed its long-term liabilties (1B CNY).
CMGE Technology Group Ltd generates enough operating income (46m CNY) to cover interest payments on its debt (29m CNY).
Valuation Backtest
CMGE Technology Group Ltd
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CMGE Technology Group Ltd
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Fundamental Analysis
CMGE Technology Group Ltd
Balance Sheet Decomposition
CMGE Technology Group Ltd
| Current Assets | 2.2B |
| Cash & Short-Term Investments | 210.6m |
| Receivables | 1.2B |
| Other Current Assets | 809m |
| Non-Current Assets | 4.9B |
| Long-Term Investments | 2.2B |
| PP&E | 39.1m |
| Intangibles | 1.7B |
| Other Non-Current Assets | 984.2m |
| Current Liabilities | 1.3B |
| Accounts Payable | 261.1m |
| Short-Term Debt | 495m |
| Other Current Liabilities | 539.3m |
| Non-Current Liabilities | 98.1m |
| Long-Term Debt | 15.8m |
| Other Non-Current Liabilities | 82.2m |
Earnings Waterfall
CMGE Technology Group Ltd
|
Revenue
|
2.6B
CNY
|
|
Cost of Revenue
|
-1.7B
CNY
|
|
Gross Profit
|
943.1m
CNY
|
|
Operating Expenses
|
-897.5m
CNY
|
|
Operating Income
|
45.6m
CNY
|
|
Other Expenses
|
-65.7m
CNY
|
|
Net Income
|
-20.1m
CNY
|
Free Cash Flow Analysis
CMGE Technology Group Ltd
Profitability Score
Profitability Due Diligence
CMGE Technology Group Ltd's profitability score is 40/100. The higher the profitability score, the more profitable the company is.
Score
CMGE Technology Group Ltd's profitability score is 40/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
CMGE Technology Group Ltd's solvency score is 55/100. The higher the solvency score, the more solvent the company is.
Score
CMGE Technology Group Ltd's solvency score is 55/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
CMGE Technology Group Ltd
According to Wall Street analysts, the average 1-year price target for
CMGE Technology Group Ltd
is 2.7 HKD
with a low forecast of 1.72 HKD and a high forecast of 3.36 HKD.
Shareholder Return
Price
CMGE Technology Group Ltd
| Average Annual Return | -7.52% |
| Standard Deviation of Annual Returns | 23.84% |
| Max Drawdown | -81% |
| Market Capitalization | 3.5B HKD |
| Shares Outstanding | 2 752 672 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
CMGE Technology Group Ltd
Country
Industry
Market Cap
Dividend Yield
Description
CMGE Technology Group Ltd. is an IP-oriented game operator, which engages in the mobile game publishing, game development, and investment business. The company is headquartered in Shenzhen, Guangdong. The company went IPO on 2019-10-31. The firm operates three business segments: Game Publishing segment, Game Development segment and Licensing of Intellectual Property (IPs) segment. The firm has IPs reserves relating to well-known cultural products and art works, such as Legend of Sword and Fairy, Xuan Yuan Sword, Monopoly, Stardom and Empire of Angels, for the development and licensing of games. The firm conducts its businesses within the domestic market and to overseas markets.
Contact
IPO
Employees
Officers
The intrinsic value of one
CMGE Technology Group Ltd
stock under the Base Case scenario is
2.96
HKD.
Compared to the current market price of 1.26 HKD,
CMGE Technology Group Ltd
is
Undervalued by 57%.
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