One Media Group Limited (0426) AI Stock Analysis

• Market Cap: HK$66.55M
• Dividend Yield: N/A
• Average Volume (3M): 102.53K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.01
• Revenue Growth: -12.97%
• EPS Growth: -29.61%
• Country: HK
• Employees: 88
• Sector: Communication Services
• Sector Strength: 97
• Industry: Conglomerates
• EPS (TTM): -0.02
• Shares Outstanding: 400,900,000
• 10 Day Avg. Volume: 59,200
• 30 Day Avg. Volume: 102,533
• PEG Ratio: -0.03
• Price to Book (P/B): -0.24
• Price to Sales (P/S): 0.55
• P/FCF Ratio: -0.85
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: HK$0.09 ▲(3.33% Upside)
• Action: Reiterated Date: 11/21/25
• Date: Action: Reiterated 11/21/25

The overall stock score is primarily driven by the company's poor financial performance, which poses significant risks. Despite some positive technical indicators suggesting short-term bullish momentum, the negative valuation metrics and lack of profitability weigh heavily on the stock's attractiveness.

Positive Factors

Asset-backed business model

Owning and monetizing music IP creates long-duration revenue streams from royalties and licensing. Intellectual property is a durable asset class that can generate recurring cash over years, supporting steady income as catalogs accumulate and tracks keep earning from streaming and licensing.

Diversified royalty revenue streams

Multiple monetization channels — streaming, publishing, sync and catalog deals — reduce dependence on any single platform or market. This structural diversification smooths revenue volatility and supports resilient cash flows as consumption shifts across formats and licensing opportunities evolve.

Lean operating base

A small headcount implies low fixed overhead and potential high operating leverage: incremental catalog revenue can flow to the bottom line with limited incremental staff cost. This structural efficiency supports scalability of digital distribution and licensing as catalogs grow.

Negative Factors

Declining revenue trend

Sustained revenue decline signals weakening catalog performance, lost licensing traction, or failure to replenish high-performing assets. Over several quarters this erodes royalty bases and undermines the recurring income model, limiting reinvestment capacity and long-term growth prospects.

Extremely weak profitability margins

An IP-driven business normally enjoys higher gross margins; these depressed margins indicate high costs, impairments, or non-recurring charges that materially reduce earnings. Persistently negative margins impair the ability to self-fund catalog acquisitions and weaken long-term sustainability.

Balance-sheet and cash-flow stress

Negative equity and heavy leverage combined with negative operating/free cash flow constrain liquidity and strategic flexibility. This structural weakness limits capacity to acquire new catalogs or invest in distribution, raising refinancing and solvency risk over the medium term.

One Media Group Limited Business Overview & Revenue Model

Company Description

One Media Group Limited, an investment holding company, engages in the magazine publishing and digital media businesses in Hong Kong and Taiwan. It operates through Entertainment and Lifestyle Operation; and Watch and Car Operation and Others segments. The company publishes Ming Pao Weekly, an entertainment, culture, and fashion magazine; Ming's, a monthly magazine covering fashion, beauty, and luxuries categories; TopGear, an automobile magazine; TopGear Taiwan, an automobile magazine; MING WATCH, a watch magazine; and MING WATCH PLUS, a watch magazine. It is also involved in trademark licensing, artist and events management, music publishing, and concert production activities. The company was incorporated in 2005 and is headquartered in Chai Wan, Hong Kong. One Media Group Limited is a subsidiary of Comwell Investment Limited.

How the Company Makes Money

One Media Group generates revenue through multiple streams. Primarily, the company earns income from advertising sales across its media platforms, including both its television channels and digital content. Additionally, the company monetizes its content through subscription fees for premium streaming services and partnerships with other media outlets for content distribution. Another significant revenue source includes sponsorship deals for various programs and events. Collaborations with advertisers and brands for branded content further enhance the company's earnings, making strategic partnerships a key factor in its financial success.

One Media Group Limited Financial Statement Overview

Summary

One Media Group Limited is facing significant financial challenges. The income statement shows declining revenues and substantial losses. The balance sheet reveals high leverage and negative equity, indicating financial instability. Cash flow analysis highlights severe cash flow issues, with negative operating and free cash flows. Overall, the company is in a precarious financial position with limited profitability and high risk.

Income Statement

The company has been experiencing declining revenues with a negative revenue growth rate of -10.84% in the latest year. Gross profit margin is extremely low at 1.50%, and net profit margin is significantly negative at -79.94%, indicating substantial losses. EBIT and EBITDA margins are also deeply negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows high leverage with a negative debt-to-equity ratio of -1.30, indicating more debt than equity. Return on equity is positive at 34.29%, but this is due to negative equity, which is a concerning sign. The equity ratio is negative, highlighting financial instability.

Cash Flow

The company has negative operating and free cash flows, with a free cash flow growth rate of -Infinity, indicating worsening cash flow issues. The operating cash flow to net income ratio is negative, suggesting poor cash conversion from operations.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	34.21M	32.31M	39.51M	41.17M	45.04M	45.94M
Gross Profit	705.00K	486.00K	5.08M	7.24M	8.52M	422.00K
EBITDA	-21.71M	-21.73M	-17.75M	-17.00M	-11.24M	-16.63M
Net Income	-25.85M	-25.83M	-21.01M	-18.51M	-12.33M	-17.25M
Balance Sheet
Total Assets	41.13M	37.86M	40.09M	54.48M	102.61M	133.94M
Cash, Cash Equivalents and Short-Term Investments	30.01M	28.95M	29.58M	36.48M	90.26M	115.08M
Total Debt	103.28M	98.30M	78.01M	65.08M	100.17M	116.41M
Total Liabilities	121.51M	113.19M	89.25M	77.21M	111.65M	128.43M
Stockholders Equity	-80.38M	-75.33M	-49.16M	-22.73M	-9.04M	5.51M
Cash Flow
Free Cash Flow	0.00	-20.78M	-19.73M	-18.43M	-8.78M	-21.10M
Operating Cash Flow	0.00	-20.75M	-19.65M	-18.30M	-8.74M	-20.88M
Investing Cash Flow	0.00	187.00K	-161.00K	-354.00K	381.00K	12.46M
Financing Cash Flow	0.00	19.93M	12.94M	-35.07M	-16.45M	113.64M

One Media Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.09
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0426, the sentiment is Positive. The current price of 0.09 is above the 20-day moving average (MA) of 0.09, above the 50-day MA of 0.09, and above the 200-day MA of 0.07, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 95.95 is Negative, neither overbought nor oversold. The STOCH value of 90.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0426.

One Media Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0689	68 Neutral	HK$429.14M	1.60	2.38%	―	3.32%	37.29%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
8149	53 Neutral	HK$95.29M	-13.77	-1.24%	1.52%	1.10%	-347.83%
0426	49 Neutral	HK$66.55M	-1.27	―	―	-12.97%	-29.61%
0138	46 Neutral	HK$83.18M	-0.13	-77.60%	―	-19.75%	31.54%
0630	44 Neutral	HK$208.99M	56.91	52.14%	―	29.77%	1646.67%

One Media Group Limited Corporate Events

One Media Group widens quarterly loss as revenue declines

One Media Group Limited reported a decline in turnover to HK$7.7 million for the three months ended 31 December 2025, compared with HK$8.8 million a year earlier. The group’s gross profit fell sharply and it recorded a wider loss attributable to shareholders of HK$7.1 million, versus HK$5.8 million in the prior-year period.

Operating loss deepened to HK$6.0 million as selling, distribution and administrative expenses remained high relative to revenue, and the basic and diluted loss per share widened to 1.77 HK cents. Despite a fair value gain on a financial asset that partly offset translation losses, total comprehensive loss still amounted to HK$6.5 million, underscoring ongoing profitability pressure for the publisher and potential concerns for investors over its cost structure and earnings outlook.

The most recent analyst rating on (HK:0426) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on One Media Group Limited stock, see the HK:0426 Stock Forecast page.

One Media Group Sets Board Meeting to Approve Third-Quarter Results

One Media Group Limited has announced that its board of directors will convene a meeting on 23 February 2026 in Hong Kong to consider and approve, among other matters, the group’s third quarterly results for the period ended 31 December 2025. The scheduled board meeting signals the upcoming release of key financial information that will provide investors and stakeholders with an update on the company’s recent operating performance and may influence market perception of its near-term prospects.

The most recent analyst rating on (HK:0426) stock is a Hold with a HK$0.08 price target. To see the full list of analyst forecasts on One Media Group Limited stock, see the HK:0426 Stock Forecast page.