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Phoenix New Media Ltd
NYSE:FENG

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Phoenix New Media Ltd Logo
Phoenix New Media Ltd
NYSE:FENG
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Price: 1.94 USD 19.75% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

Phoenix New Media Ltd. is engaged in the provision of media and advertising services through internet, mobile, and television channels. [ Read More ]

The intrinsic value of one FENG stock under the Base Case scenario is 17.33 USD. Compared to the current market price of 1.94 USD, Phoenix New Media Ltd is Undervalued by 89%.

Key Points:
FENG Intrinsic Value
Base Case
17.33 USD
Undervaluation 89%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Phoenix New Media Ltd

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Fundamental Analysis

Phoenix New Media 2023 Q4 Earnings
2023-Q4 Earnings Call

Phoenix New Media 2023 Q4 Earnings

Phoenix New Media reported Q4 2023 total revenues of CNY 211.8 million, down from CNY 223.9 million the previous year, due to reduced ad spending and more competition. Net advertising revenues dipped to CNY 197 million from CNY 205.4 million, while paid services fell to CNY 14.8 million from CNY 18.5 million, attributed to declining e-commerce revenues. Despite reduced revenues, gross margins improved to 43.1% due to tight cost control measures. Operational income decreased to CNY 22.9 million from CNY 46.7 million, while net income attributable to iFeng also fell to CNY 8.1 million from CNY 41.6 million. The company's balance sheet remained solid with RMB 1.09 billion in liquidity. Looking ahead to Q1 2024, they expect total revenues between CNY 130.8 million and CNY 145.8 million, with CNY 121.3 million to CNY 131.3 million from net advertising revenues and CNY 9.5 million to CNY 14.5 million from paid services.

Financials

Balance Sheet Decomposition
Phoenix New Media Ltd

Current Assets 1.4B
Cash & Short-Term Investments 1B
Receivables 379.5m
Other Current Assets 37.4m
Non-Current Assets 321.3m
Long-Term Investments 114.2m
PP&E 82.8m
Intangibles 22m
Other Non-Current Assets 102.4m
Current Liabilities 530m
Accounts Payable 178.5m
Accrued Liabilities 157.7m
Other Current Liabilities 193.9m
Non-Current Liabilities 14.2m
Other Non-Current Liabilities 14.2m
Efficiency

Earnings Waterfall
Phoenix New Media Ltd

Revenue
704.1m CNY
Cost of Revenue
-479.4m CNY
Gross Profit
224.7m CNY
Operating Expenses
-326.6m CNY
Operating Income
-101.9m CNY
Other Expenses
33m CNY
Net Income
-69m CNY

Free Cash Flow Analysis
Phoenix New Media Ltd

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3-Years Average
FCF Margin
Conversion Rate
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Fundamental Scores

FENG Profitability Score
Profitability Due Diligence

Phoenix New Media Ltd's profitability score is 25/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Declining ROIC
Negative Net Income
Negative 1-Year Revenue Growth
25/100
Profitability
Score

Phoenix New Media Ltd's profitability score is 25/100. The higher the profitability score, the more profitable the company is.

FENG Solvency Score
Solvency Due Diligence

Phoenix New Media Ltd's solvency score is 56/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Low Altman Z-Score
56/100
Solvency
Score

Phoenix New Media Ltd's solvency score is 56/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

FENG Price Targets Summary
Phoenix New Media Ltd

Wall Street analysts forecast FENG stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for FENG is 5.58 USD .

Lowest
Price Target
Not Available
Average
Price Target
5.58 USD
188% Upside
Highest
Price Target
Not Available
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

FENG Price
Phoenix New Media Ltd

1M 1M
+31%
6M 6M
+54%
1Y 1Y
-11%
3Y 3Y
-82%
5Y 5Y
-65%
10Y 10Y
-86%
Annual Price Range
1.94
52w Low
1.11
52w High
3.25
Price Metrics
Average Annual Return -10.48%
Standard Deviation of Annual Returns 41.2%
Max Drawdown -93%
Shares Statistics
Market Capitalization 23.5m USD
Shares Outstanding 12 131 757
Percentage of Shares Shorted 0.09%

FENG Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

Phoenix New Media Ltd Logo
Phoenix New Media Ltd

Country

China

Industry

Media

Market Cap

23.5m USD

Dividend Yield

0%

Description

Phoenix New Media Ltd. is engaged in the provision of media and advertising services through internet, mobile, and television channels. The company is headquartered in Beijing, Beijing. The company went IPO on 2011-05-12. The firm enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices. The company also transmits its UGC and in-house produced content to television viewers primarily through Phoenix TV. In addition to professionally produced content, content from Phoenix TV and its in-house produced content, the Company allows its users to UGC to its Websites and mobile applications. The company operates in two segments: net advertising services and paid services. The company provides its content and services through channels, including ifeng.com channel, video channel and mobile channel, and also transmits its content to television viewers, primarily through Phoenix TV. Together, these channels form a single converged platform providing integrated text, image and video content.

Contact

BEIJING
Beijing
Sinolight Plaza, Fl.16, No.4 Qiyang Rd.,, Wangjing, Chaoyang District
+861060676000.0
http://www.ifeng.com

IPO

2011-05-12

Employees

1 447

Officers

Chairman of the Board & CEO
Mr. Yusheng Sun
Chief Financial Officer
Mr. Xiaojing Lu
IR Manager
Ms. Muzi Guo
VP & Chief Editor
Mr. Ming Zou
Senior VP & Director
Ms. Xiaoyan Chi
Senior Vice President
Mr. Chun Liu

See Also

Discover More
What is the Intrinsic Value of one FENG stock?

The intrinsic value of one FENG stock under the Base Case scenario is 17.33 USD.

Is FENG stock undervalued or overvalued?

Compared to the current market price of 1.94 USD, Phoenix New Media Ltd is Undervalued by 89%.