Mei Ah Entertainment Group Limited (0391) AI Stock Analysis

• Market Cap: HK$562.76M
• Dividend Yield: N/A
• Average Volume (3M): 282.00K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.07
• Revenue Growth: 27.72%
• EPS Growth: -117.07%
• Country: HK
• Employees: 90
• Sector: Consumer Cyclical
• Sector Strength: 65
• Industry: Entertainment
• EPS (TTM): >-0.01
• Shares Outstanding: 5,923,739,000
• 10 Day Avg. Volume: 520,000
• 30 Day Avg. Volume: 282,000
• PEG Ratio: 0.07
• Price to Book (P/B): 2.06
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 635.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: ―

Mei Ah Entertainment Group Limited is showing signs of a potential turnaround with significant revenue growth and improved cash flow. However, ongoing net losses and a high reliance on debt pose substantial risks. The technical indicators suggest stable market momentum, though the valuation remains challenging due to a negative P/E ratio. Overall, while there are positive signs, significant risks remain that investors should consider.

Mei Ah Entertainment Group Limited Business Overview & Revenue Model

Company Description

Mei Ah Entertainment Group Limited, an investment holding company, engages in the television business in Hong Kong, Mainland China, Taiwan, and internationally. The company is involved in channel investment and operations; film exhibition, and film rights licensing and sub-licensing; concert performance and events organization; applications and video online; artiste management; and property investment businesses, as well as the sale and distribution of films and programs in audio visual product format. It also produces films and tele-features. Mei Ah Entertainment Group Limited was founded in 1984 and is headquartered in Kowloon, Hong Kong.

How the Company Makes Money

Mei Ah Entertainment Group Limited generates revenue through several key streams. Its primary income comes from the distribution and licensing of film and television content, which it markets to broadcasters, streaming platforms, and home entertainment formats. Additionally, the company earns from cinema operations by showcasing films in its owned theaters. Mei Ah also engages in film production, where revenue can be derived from box office sales, distribution rights, and various ancillary markets. Partnerships with other media companies and platforms further enhance its revenue potential by expanding its content reach and monetization opportunities.

Mei Ah Entertainment Group Limited Financial Statement Overview

Summary

The company shows a negative net profit margin and EBIT margin, indicating ongoing losses. However, there is a significant improvement in revenue growth with a 55.9% increase over the past year, suggesting a potential turnaround. The EBITDA margin turned positive, highlighting improved operational efficiency. Overall, Mei Ah Entertainment Group Limited is showing signs of recovery with revenue growth and improved cash flow. However, persistent net losses and reliance on debt are significant concerns. Continued focus on revenue growth and cost management will be essential for sustainable improvement.

Income Statement

The company shows a negative net profit margin and EBIT margin, indicating ongoing losses. However, there is a significant improvement in revenue growth with a 55.9% increase over the past year, suggesting a potential turnaround. The EBITDA margin turned positive, highlighting improved operational efficiency.

Balance Sheet

The debt-to-equity ratio is moderately high, indicating reliance on debt financing. The equity ratio is stable, showing a healthy proportion of equity in the capital structure. Return on equity is negative due to net losses, posing a risk to shareholder value.

Cash Flow

The company has managed to generate positive free cash flow compared to the previous year, although it is still relatively low. The operating cash flow to net income ratio is strong, demonstrating that cash generation is better than net income figures suggest.

Breakdown	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	117.84M	75.57M	78.22M	95.59M	153.61M
Gross Profit	56.60M	4.05M	26.73M	22.44M	75.76M
EBITDA	5.00M	-323.00K	-21.95M	-14.61M	-40.16M
Net Income	-21.45M	-48.91M	-39.23M	-58.25M	-97.19M
Balance Sheet
Total Assets	661.14M	694.48M	762.81M	785.77M	871.05M
Cash, Cash Equivalents and Short-Term Investments	32.59M	58.73M	44.33M	56.66M	60.74M
Total Debt	215.16M	227.78M	257.45M	244.93M	240.04M
Total Liabilities	346.09M	354.77M	393.93M	402.01M	432.16M
Stockholders Equity	308.55M	331.19M	359.37M	374.55M	437.29M
Cash Flow
Free Cash Flow	1.56M	43.94M	-11.12M	-1.47M	-21.97M
Operating Cash Flow	22.36M	52.86M	2.79M	12.91M	23.73M
Investing Cash Flow	-25.03M	-9.75M	-15.11M	-11.07M	-21.52M
Financing Cash Flow	-14.40M	-13.12M	-3.01M	-6.40M	18.96M

Mei Ah Entertainment Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0391, the sentiment is Positive. The current price of 0.1 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.10, and below the 200-day MA of 0.10, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 52.16 is Neutral, neither overbought nor oversold. The STOCH value of 72.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0391.

Mei Ah Entertainment Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1982	68 Neutral	HK$1.78B	5.19	14.40%	3.85%	4.95%	94.03%
Sector *	63 Neutral	$16.78B	10.88	-7.08%	3.04%	1.73%	-25.15%
1060	58 Neutral	HK$32.86B	88.81	2.29%	―	24.36%	-18.99%
1080	52 Neutral	€220.84M	―	-9.22%	―	-5.75%	57.80%
2349	52 Neutral	HK$228.36M	―	-10.46%	―	-7.60%	41.01%
0391	46 Neutral	HK$562.76M	―	-20.32%	―	27.72%	-117.07%
1003	43 Neutral	HK$1.39B	―		―	―	―