Asiaray Media Group Ltd. (HK:1993)
:1993
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Asiaray Media Group Ltd.
(1993)
Select Model
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Rating:39Underperform
Price Target:
HK$0.48
▼(-12.36% Downside)
Action:DowngradedDate:11/22/25
The overall stock score is heavily influenced by the company's poor financial performance, which is the most significant factor. Technical analysis also indicates bearish trends, and valuation metrics are unattractive due to negative earnings and no dividend yield. These factors collectively suggest a high-risk investment with limited upside potential.
Positive Factors
Asset-backed OOH network
Owning and operating transit and high-traffic site media is a durable competitive asset: physical placements drive reliable reach, create entry barriers and enable long-term contracts with advertisers. Location exclusivity and scale support sustained demand vs. digital-only competitors.
Negative Factors
Extremely high leverage
A debt-to-equity ratio near 18x leaves minimal equity cushion and creates persistent refinancing and interest-service risk. Over months, high leverage constrains capital allocation, raises default risk in downturns, and impairs ability to invest in network upgrades or pursue strategic opportunities.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset-backed OOH network
Owning and operating transit and high-traffic site media is a durable competitive asset: physical placements drive reliable reach, create entry barriers and enable long-term contracts with advertisers. Location exclusivity and scale support sustained demand vs. digital-only competitors.
Read all positive factors
Asiaray Media Group Ltd. (1993) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$310.80M
Dividend YieldN/A
Average Volume (3M)30.27K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth-38.24%
EPS Growth-31.99%
CountryHK
Employees579
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)0.01
Shares Outstanding484,910,740
10 Day Avg. Volume22,850
30 Day Avg. Volume30,266
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)4.58
Price to Sales (P/S)0.33
P/FCF Ratio0.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Asiaray Media Group Ltd. Business Overview & Revenue Model
Company Description
Asiaray Media Group Limited, an investment holding company, operates as an out-of-home media company in Mainland China, Hong Kong, Macau, and Southeast Asia. It operates through Airports Business, Metro and Billboards Business, and Bus and Other B...
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...
Asiaray Media Group Ltd. Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
25
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.02B | 1.14B | 1.78B | 1.87B | 2.29B | 1.56B |
| Gross Profit | 287.72M | 326.36M | 376.55M | 304.62M | 431.79M | 336.89M |
| EBITDA | 5.84M | 15.00M | 937.73M | -6.24M | 1.27B | 1.02B |
| Net Income | -45.11M | -55.14M | -34.27M | -127.50M | -176.26M | -163.36M |
Balance Sheet | ||||||
| Total Assets | 1.79B | 2.19B | 3.17B | 3.15B | 6.67B | 5.28B |
| Cash, Cash Equivalents and Short-Term Investments | 185.09M | 229.13M | 368.13M | 409.93M | 418.92M | 378.51M |
| Total Debt | 1.07B | 1.45B | 2.29B | 2.43B | 5.69B | 4.46B |
| Total Liabilities | 1.52B | 1.91B | 3.16B | 2.88B | 6.21B | 4.90B |
| Stockholders Equity | 71.12M | 82.35M | 126.67M | 157.60M | 330.77M | 295.02M |
Cash Flow | ||||||
| Free Cash Flow | 467.85M | 600.53M | 724.53M | 749.87M | 967.47M | 650.93M |
| Operating Cash Flow | 519.20M | 649.80M | 744.16M | 801.52M | 1.04B | 672.01M |
| Investing Cash Flow | -39.66M | -37.87M | -12.95M | -91.50M | -67.29M | -5.78M |
| Financing Cash Flow | -138.25M | -787.92M | -701.43M | -700.22M | -968.26M | -720.03M |
Asiaray Media Group Ltd. Technical Analysis
Positive
0.55
Price Trends
0.59
Positive
0.60
Positive
0.64
Positive
Market Momentum
0.01
Negative
65.98
Neutral
63.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1993, the sentiment is Positive. The current price of 0.55 is below the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.59, and below the 200-day MA of 0.64, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 65.98 is Neutral, neither overbought nor oversold. The STOCH value of 63.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1993.
Asiaray Media Group Ltd. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | HK$3.31B | 19.79 | 4.13% | ― | 35.73% | -88.89% | |
47 Neutral | HK$275.77M | -4.96 | -31.22% | ― | -5.03% | -35.29% | |
47 Neutral | HK$850.83M | -104.06 | -5.88% | ― | -4.13% | 76.38% | |
45 Neutral | HK$155.06M | -1.59 | -3.59% | ― | -5.89% | -330.91% | |
44 Neutral | HK$233.61M | -3.15 | -64.17% | ― | -0.57% | -159.63% | |
39 Underperform | HK$310.80M | -21.81 | ― | ― | -38.24% | -31.99% |
* Communication Services Sector Average
HK:1993
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Asiaray Media Group Ltd. Corporate Events
Asiaray Media Group Announces Strategic Advertising Agreement
Nov 5, 2025
Asiaray Media Group Ltd. has announced a connected transaction involving an Advertising Agreement between its subsidiary, Zhejiang Yatie, and Dandelion, a company partially owned by Asiaray’s chairman. This agreement, which involves digital ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.