Phoenix New Media Ltd
NYSE:FENG
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%.
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 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.
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 |
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
What is Free Cash Flow?
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.
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.
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
According to Wall Street analysts, the average 1-year price target for FENG is 5.58 USD .
Shareholder Return
FENG Price
Phoenix New Media Ltd
Average Annual Return | -10.48% |
Standard Deviation of Annual Returns | 41.2% |
Max Drawdown | -93% |
Market Capitalization | 23.5m USD |
Shares Outstanding | 12 131 757 |
Percentage of Shares Shorted | 0.09% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.