Mei Ah Entertainment Group Limited (0391) AI Stock Analysis

• Market Cap: HK$592.37M
• Dividend Yield: N/A
• Average Volume (3M): 704.23K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.15
• Revenue Growth: -44.93%
• EPS Growth: 30.34%
• Country: HK
• Employees: 90
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): >-0.01
• Shares Outstanding: 5,923,739,000
• 10 Day Avg. Volume: 1,295,000
• 30 Day Avg. Volume: 704,233
• PEG Ratio: -0.05
• Price to Book (P/B): 1.97
• Price to Sales (P/S): 4.46
• P/FCF Ratio: 18.28
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: HK$0.10 ▼(-5.00% Downside)

The overall stock score is primarily impacted by the company's weak financial performance, characterized by declining revenues and persistent losses. Technical analysis provides a neutral outlook, with slight positive momentum. However, the negative P/E ratio and lack of dividend yield significantly weigh down the valuation score, resulting in a low overall stock score.

Positive Factors

Cash Flow Improvement

Improved free cash flow indicates better cash management, enhancing the company's ability to invest in growth opportunities and reduce debt over time.

Digital Content Distribution

The focus on digital distribution aligns with industry trends, potentially expanding reach and revenue as online consumption continues to grow.

Diversified Revenue Streams

Diversified revenue streams reduce dependency on any single segment, providing resilience against market fluctuations and enhancing long-term stability.

Negative Factors

Declining Revenue

Declining revenue suggests challenges in market positioning or product demand, potentially impacting long-term growth and profitability.

Negative Profit Margins

Sustained negative profit margins indicate operational inefficiencies, which may hinder the company's ability to achieve profitability and invest in future growth.

Negative Return on Equity

Negative return on equity reflects poor financial performance, potentially affecting investor confidence and limiting access to capital for expansion.

Mei Ah Entertainment Group Limited Business Overview & Revenue Model

Company Description

Mei Ah Entertainment Group Limited (0391) is a Hong Kong-based entertainment company primarily engaged in the production, distribution, and licensing of films and television programs. The company operates within the broader media and entertainment sector, focusing on content creation that spans various genres and formats. Mei Ah is also involved in the distribution of music and television content, and it has a significant presence in the film market in Asia, particularly in Hong Kong and mainland China.

How the Company Makes Money

Mei Ah Entertainment generates revenue through multiple streams, including the production and distribution of films and television programs, which can be monetized through box office sales, licensing agreements, and syndication to television networks. Additionally, the company earns income from the sale of music and related rights. Significant partnerships with other production companies and distributors enhance its market reach and distribution capabilities. Furthermore, Mei Ah may benefit from digital streaming services, which have become a growing source of revenue as consumption patterns shift. The combination of these revenue streams, along with strategic collaborations, plays a crucial role in the company's financial performance.

Mei Ah Entertainment Group Limited Financial Statement Overview

Summary

Mei Ah Entertainment Group Limited is facing significant financial challenges, with declining revenues and persistent losses impacting its income statement. The balance sheet shows moderate leverage, but the negative return on equity is concerning. Cash flow improvements are a positive sign, but overall financial health remains weak, requiring strategic adjustments to improve profitability and stability.

Income Statement

The company has experienced declining revenue over the past year, with a significant revenue drop of 19.77%. Gross profit margin has decreased substantially from previous years, indicating challenges in maintaining profitability. Net profit margin remains negative, reflecting ongoing losses. EBIT and EBITDA margins are also negative, highlighting operational inefficiencies.

Balance Sheet

The debt-to-equity ratio has increased slightly, indicating a moderate level of leverage. Return on equity is negative, showing that the company is not generating positive returns for shareholders. However, the equity ratio remains stable, suggesting a relatively balanced capital structure.

Cash Flow

The company has shown a remarkable improvement in free cash flow growth, indicating better cash management. Operating cash flow to net income ratio is positive, suggesting that the company is generating cash despite reporting losses. However, the free cash flow to net income ratio indicates that cash generation is not sufficient to cover net losses entirely.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	110.34M	110.34M	117.84M	75.57M	78.22M	95.59M
Gross Profit	6.38M	11.12M	56.60M	4.05M	26.73M	22.44M
EBITDA	-3.20M	-1.96M	5.00M	-323.00K	-21.95M	-14.61M
Net Income	-56.68M	-56.68M	-21.45M	-48.91M	-39.23M	-58.25M
Balance Sheet
Total Assets	588.18M	588.18M	661.14M	694.48M	762.81M	785.77M
Cash, Cash Equivalents and Short-Term Investments	41.98M	41.98M	32.59M	58.73M	44.33M	56.66M
Total Debt	213.85M	213.85M	215.16M	227.78M	257.45M	244.93M
Total Liabilities	334.80M	334.80M	346.09M	354.77M	393.93M	402.01M
Stockholders Equity	249.42M	249.42M	308.55M	331.19M	359.37M	374.55M
Cash Flow
Free Cash Flow	37.13M	26.90M	1.56M	43.94M	-11.12M	-1.47M
Operating Cash Flow	45.38M	45.38M	22.36M	52.86M	2.79M	12.91M
Investing Cash Flow	-19.58M	-19.24M	-25.03M	-9.75M	-15.11M	-11.07M
Financing Cash Flow	-9.20M	-10.61M	-14.40M	-13.12M	-3.01M	-6.40M

Mei Ah Entertainment Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 above the 200-day MA of 0.10, indicating a bullish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.39 is Neutral, neither overbought nor oversold. The STOCH value of 51.11 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
2230	66 Neutral	HK$471.79M	8.45	8.69%	6.04%	25.88%	0.69%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
1046	51 Neutral	HK$398.92M	-5.88	-23.06%	―	29.39%	-107.44%
0391	48 Neutral	HK$592.37M	-16.13	-14.60%	―	-44.93%	30.34%
1003	46 Neutral	HK$1.12B	―	―	―	―	―
8172	45 Neutral	HK$79.97M	-3.64	-27.50%	―	-86.40%	53.43%
1159	43 Neutral	HK$248.25M	1.34	―	―	-57.01%	―

Mei Ah Entertainment Group Limited Corporate Events

Mei Ah Entertainment Reports Interim Financial Results with Continued Losses

Mei Ah Entertainment Group Limited reported its interim financial results for the six months ending September 30, 2025, showing a significant decrease in revenue from HK$81,314,000 in 2024 to HK$46,711,000 in 2025. Despite a reduction in losses compared to the previous year, the company still faced a substantial loss of HK$15,823,000, highlighting ongoing challenges in its operational environment. The announcement reflects the company’s struggle to maintain profitability amidst a competitive entertainment industry landscape.

Mei Ah Entertainment Group Schedules Board Meeting for Interim Results

Mei Ah Entertainment Group Limited has announced a board meeting scheduled for November 28, 2025, to review and approve the interim results for the six months ending September 30, 2025. The meeting will also consider the recommendation of an interim dividend, reflecting the company’s ongoing financial management and potential shareholder returns.

Mei Ah Entertainment Announces Change in Share Registrar

Mei Ah Entertainment Group Limited has announced a change in its Hong Kong branch share registrar and transfer office, effective from December 1, 2025. The new registrar will be Tricor Investor Services Limited, and this change is expected to streamline the process of share transfer and collection for stakeholders.