Asiaray Media Group Ltd. (1993) AI Stock Analysis

• Market Cap: HK$439.91M
• Dividend Yield: N/A
• Average Volume (3M): 1.70K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.36
• Revenue Growth: -34.67%
• EPS Growth: -99.72%
• Country: HK
• Employees: 579
• Sector: Communication Services
• Sector Strength: 84
• Industry: Advertising Agencies
• EPS (TTM): -0.10
• Shares Outstanding: 484,910,740
• 10 Day Avg. Volume: 500
• 30 Day Avg. Volume: 1,700
• PEG Ratio: 2.64
• Price to Book (P/B): 2.90
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.79
• 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

Asiaray Media Group Ltd. faces significant financial challenges, including declining revenue, high debt, and no cash generation. While technical indicators show some positive momentum, valuation metrics are unfavorable. Overall, the stock is under considerable pressure with limited upside potential unless financial conditions improve.

Asiaray Media Group Ltd. Business Overview & Revenue Model

Company Description

Asiaray Media Group Ltd., established in 1993, is a leading out-of-home media company based in Hong Kong. The company specializes in advertising and media services, focusing on airport, metro line, and outdoor billboard advertising across the Asia-Pacific region. Asiaray is recognized for its integrated advertising solutions, combining creativity with strategic placements to maximize audience engagement and brand exposure for its clients.

How the Company Makes Money

Asiaray Media Group Ltd. generates revenue primarily through the sale of advertising space across its extensive network of media platforms. The company secures contracts with various transportation hubs, such as airports and metro systems, where it manages and sells advertising spaces to brands and advertisers. Additionally, Asiaray operates outdoor billboards and digital advertising displays in high-traffic locations. Revenue is earned through long-term advertising agreements, spot sales, and strategic partnerships with advertisers seeking to reach targeted demographics. The company may also engage in revenue-sharing arrangements with transportation authorities or property owners, contributing to its earnings. Asiaray's ability to integrate digital and traditional media solutions enhances its value proposition, attracting a diverse range of clients.

Asiaray Media Group Ltd. Financial Statement Overview

Summary

The company is under financial duress, with declining revenue, profitability issues, high leverage, and a lack of cash generation. Its financial performance indicates significant challenges.

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
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.43B	1.14B	1.78B	1.65B	2.29B	1.56B
	Gross Profit
519.18M	326.36M	376.55M	269.16M	431.79M	347.52M
	EBIT
49.14M	173.68M	128.16M	-5.16M	85.58M	91.62M
	EBITDA
915.51M	15.00M	937.73M	1.32B	1.27B	1.02B
	Net Income Common Stockholders
―	-55.14M	-21.67M	-127.50M	-176.26M	-163.36M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
368.13M	229.13M	368.13M	333.32M	386.04M	378.51M
	Total Assets
2.88B	2.19B	3.17B	3.15B	6.67B	5.28B
	Total Debt
2.29B	1.45B	2.29B	2.43B	5.69B	4.46B
	Net Debt
1.93B	1.22B	1.93B	2.09B	5.31B	4.08B
	Total Liabilities
2.63B	1.91B	2.89B	2.88B	6.21B	4.90B
	Stockholders Equity
126.67M	82.35M	126.67M	139.25M	330.77M	295.02M
Cash Flow		Free Cash Flow
865.26M	0.00	724.53M	749.87M	967.47M	650.93M
	Operating Cash Flow
884.85M	0.00	744.16M	801.52M	1.04B	672.01M
	Investing Cash Flow
―	0.00	-12.95M	-91.50M	-67.29M	-5.78M
	Financing Cash Flow
-867.63M	0.00	-701.43M	-700.22M	-968.26M	-720.03M

Asiaray Media Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.95
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 0.95 is above the 20-day moving average (MA) of 0.84, above the 50-day MA of 0.80, and above the 200-day MA of 0.90, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 63.29 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2318	72 Outperform	$1.00T	7.10		5.59%	11.71%	37.04%
2319	68 Neutral	$71.91B	634.60	0.21%	2.92%	-11.90%	-97.93%
2382	65 Neutral	HK$71.87B	24.60	11.45%	0.33%	18.80%	142.93%
1928	60 Neutral	HK$126.09B	15.46	203.51%	―	6.04%	50.60%
Sector *	60 Neutral	$14.09B	6.86	-3.35%	3.70%	2.42%	-36.28%
2018	58 Neutral	$47.96B	24.34	8.06%	0.28%	31.55%	141.88%
1993	45 Neutral	HK$439.91M	―		―	-34.67%	-99.72%

Asiaray Media Group Ltd. Corporate Events

Asiaray Media Group Announces AGM with Key Resolutions on Governance and Capital Expansion

Asiaray Media Group Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 3, 2025, in Hong Kong. Key agenda items include the re-election of directors, approval of financial statements, and the authorization for the board to fix directors’ remuneration. Additionally, the company seeks approval to re-appoint PricewaterhouseCoopers as its independent auditor and to authorize the board to issue additional shares. These resolutions, if passed, will enable Asiaray to maintain its governance structure and potentially expand its capital base, which could impact its market positioning and shareholder value.

Asiaray Media Group Anticipates Return to Profitability in 2024

Asiaray Media Group Limited announced a positive profit alert, expecting to record a net profit of approximately RMB10 million for the year ended December 31, 2024, compared to a net loss of RMB10 million in the previous year. This improvement is attributed to terminating underperforming projects, reducing license fees in certain projects, and implementing overall cost control strategies.

Asiaray Media Group Schedules Board Meeting to Review Annual Results

Asiaray Media Group Ltd. has announced a board meeting scheduled for March 24, 2025, to discuss and approve the company’s annual results for the year ending December 31, 2024. The meeting will also consider the potential payment of a final dividend, reflecting the company’s ongoing financial management and shareholder engagement.