Asiaray Media Group Ltd. (1993) AI Stock Analysis

• Market Cap: HK$363.40M
• Dividend Yield: N/A
• Average Volume (3M): 30.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.28
• Revenue Growth: -38.24%
• EPS Growth: -31.99%
• Country: HK
• Employees: 579
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): >-0.01
• Shares Outstanding: 484,910,740
• 10 Day Avg. Volume: 22,850
• 30 Day Avg. Volume: 30,266
• PEG Ratio: -0.13
• Price to Book (P/B): 4.58
• Price to Sales (P/S): 0.33
• P/FCF Ratio: 0.63
• 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: HK$0.50
• Price Target Upside: -28.57% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: HK$0.50 ▼(-28.57% Downside)

The overall stock score is primarily impacted by the company's weak financial performance, characterized by declining revenue, negative profitability, high leverage, and lack of cash flow. Technical analysis provides a slightly more neutral outlook, but valuation concerns due to negative earnings further weigh down the score.

Asiaray Media Group Ltd. Business Overview & Revenue Model

Company Description

Asiaray Media Group Ltd. is a leading outdoor advertising company based in Hong Kong, specializing in the provision of innovative advertising solutions across various platforms. Established in 1993, the company operates primarily in the advertising sector, focusing on digital and traditional outdoor media. Its core products include large-scale billboard advertising, digital screens in high-traffic areas, and transportation advertising, leveraging its extensive network to reach a diverse audience across Asia.

How the Company Makes Money

Asiaray Media Group Ltd. generates revenue primarily through the sale of advertising space on its media platforms, including billboards and digital displays. The company operates on a revenue model that includes leasing advertising space to brands and advertisers for specific durations, typically ranging from short-term campaigns to long-term contracts. Key revenue streams include direct sales from advertising contracts, digital advertising services, and partnerships with transportation authorities to place ads in transit systems. The company's extensive geographic reach and established relationships with major advertisers and agencies also contribute significantly to its earnings, as they help secure ongoing contracts and larger advertising deals.

Asiaray Media Group Ltd. Financial Statement Overview

Summary

The company is experiencing significant financial challenges. Revenue has declined by 36%, and profitability is negative with a net loss. The balance sheet shows high leverage with a debt-to-equity ratio of 17.61 and a low equity ratio of 3.77%. Cash flow is non-existent, indicating severe cash generation issues.

Income Statement

The company has experienced a significant decline in revenue from the previous year, marking a -36% revenue growth. The gross profit margin is moderate at 28.7%, but the net profit margin is negative due to the net loss, indicating challenges in profitability. EBITDA margin is very low at 1.3%, reflecting low operating efficiency.

Balance Sheet

The debt-to-equity ratio is extremely high at 17.61, signaling high leverage and potential financial risk. ROE is negative, consistent with the net losses, and the equity ratio stands at a low 3.77%, indicating a thin equity buffer.

Cash Flow

The company reports zero operating cash flow and free cash flow, suggesting difficulties in generating cash. This absence of cash flow makes it challenging to gauge the company's cash-generating efficiency relative to net income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.14B	1.78B	1.87B	2.29B	1.56B
Gross Profit	326.36M	376.55M	304.62M	431.79M	336.89M
EBITDA	15.00M	937.73M	-6.24M	1.27B	1.02B
Net Income	-55.14M	-34.27M	-127.50M	-176.26M	-163.36M
Balance Sheet
Total Assets	2.19B	3.17B	3.15B	6.67B	5.28B
Cash, Cash Equivalents and Short-Term Investments	229.13M	368.13M	409.93M	418.92M	378.51M
Total Debt	1.45B	2.29B	2.43B	5.69B	4.46B
Total Liabilities	1.91B	3.16B	2.88B	6.21B	4.90B
Stockholders Equity	82.35M	126.67M	157.60M	330.77M	295.02M
Cash Flow
Free Cash Flow	600.53M	724.53M	749.87M	967.47M	650.93M
Operating Cash Flow	649.80M	744.16M	801.52M	1.04B	672.01M
Investing Cash Flow	-37.87M	-12.95M	-91.50M	-67.29M	-5.78M
Financing Cash Flow	-787.92M	-701.43M	-700.22M	-968.26M	-720.03M

Asiaray Media Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1993, the sentiment is Negative. The current price of 0.7 is below the 20-day moving average (MA) of 0.72, above the 50-day MA of 0.69, and below the 200-day MA of 0.77, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.42 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1993.

Asiaray Media Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
1762	53 Neutral	HK$1.50B	586.67	0.45%	―	35.73%	-88.89%
0343	47 Neutral	HK$425.51M	―	-28.07%	―	-14.04%	-34.40%
1753	46 Neutral	HK$262.74M	―	-3.55%	―	-5.89%	-330.91%
1993	44 Neutral	HK$363.40M	―	―	―	-38.24%	-31.99%
0205	44 Neutral	HK$320.22M	―	-6.02%	―	-4.13%	76.38%
1917	43 Neutral	HK$135.59M	―	-31.88%	―	-5.03%	-35.29%

Asiaray Media Group Ltd. Corporate Events

Asiaray Media Group Reports Improved Profit Despite Revenue Decline

Asiaray Media Group Limited announced its interim financial results for the six months ending June 30, 2025, reporting a revenue of RMB 421,955,000, a decrease from the previous year’s RMB 580,953,000. Despite the drop in revenue, the company achieved a profit of RMB 14,624,000, a significant improvement from the loss of RMB 7,567,000 in the same period last year, highlighting a positive shift in financial performance.

Asiaray Media Group Announces Positive Profit Turnaround

Asiaray Media Group Limited has issued a positive profit alert, indicating a significant turnaround from a net loss of RMB7.6 million in the first half of 2024 to a net profit of approximately RMB14.6 million for the same period in 2025. This improvement is attributed to terminating underperforming projects, reducing license fees, and implementing better cost control strategies. The company is preparing its interim results, which are expected to be published by the end of August 2025.

Asiaray Media Group to Review Interim Results and Dividend

Asiaray Media Group Limited has announced that its board of directors will hold a meeting on August 27, 2025, to review and approve the company’s interim results for the first half of the year and to consider the payment of an interim dividend. This meeting is significant as it may impact the company’s financial strategy and shareholder returns, reflecting its operational performance and market positioning in the competitive media industry.