Phoenix New Media Ltd - Understand $feng stock

$FENG Market Cap: $36.15 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$480.2M

TTM

Gross Margin

28.15%

TTM

Net Earnings

-$110.6M

TTM

Current Assets

$1.479B

Q4 2023

Current Liabilities

$527.0M

Q4 2023

Current Ratio

280.58%

Q4 2023

Total Assets

$1.759B

Q4 2023

Total Liabilities

$595.1M

Q4 2023

Book Value

$1.164B

Q4 2023

Cash

$527.4M

Q4 2023

P/E

-0.3268

Sep 13, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$692.0M	$785.7M	$1.030B	$1.209B	$1.328B	$1.376B	$1.575B	$1.445B	$1.609B	$1.638B	$1.425B	$1.111B	$950.6M	$528.7M	$262.3M	$222.6M
YoY Change	-11.92%	-23.74%	-14.76%	-8.96%	-3.52%	-12.62%	9.01%	-10.21%	-1.75%	14.98%	28.22%	16.87%	79.8%	101.56%	17.83%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$692.0M	$785.7M	$1.030B	$1.209B	$1.328B	$1.376B	$1.575B	$1.445B	$1.609B	$1.638B	$1.425B	$1.111B	$950.6M	$528.7M	$262.3M	$222.6M
Cost Of Revenue	$464.1M	$548.5M	$597.4M	$559.3M	$683.3M	$595.8M	$727.2M	$726.8M	$829.4M	$781.6M	$696.4M	$631.3M	$554.7M	$299.4M	$170.1M	$163.5M
Gross Profit	$227.9M	$237.2M	$432.9M	$649.6M	$644.5M	$780.4M	$847.9M	$718.1M	$779.8M	$856.2M	$728.1M	$479.7M	$395.9M	$229.3M	$92.30M	$59.10M
Gross Profit Margin	32.93%	30.19%	42.02%	53.74%	48.54%	56.7%	53.83%	49.7%	48.46%	52.27%	51.11%	43.18%	41.65%	43.37%	35.19%	26.55%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$270.9M	$296.8M	$610.4M	$557.4M	$783.8M	$699.4M	$640.6M	$520.8M	$530.1M	$468.6M	$371.2M	$303.8M	$241.2M	$116.1M	$74.10M	$71.50M
YoY Change	-8.73%	-51.37%	9.52%	-28.88%	12.07%	9.18%	23.0%	-1.75%	13.12%	26.24%	22.19%	25.95%	107.75%	56.68%	3.64%
% of Gross Profit	118.89%	125.14%	141.0%	85.81%	121.61%	89.62%	75.55%	72.52%	67.98%	54.73%	50.98%	63.33%	60.92%	50.63%	80.28%	120.98%
Research & Development	$82.66M	$131.8M	$158.6M	$172.0M	$216.7M	$204.7M	$192.3M	$161.9M	$170.7M	$150.0M	$108.7M	$91.30M	$69.00M	$31.00M	$16.60M	$17.10M
YoY Change	-37.29%	-16.89%	-7.8%	-20.63%	5.86%	6.45%	18.78%	-5.16%	13.8%	37.99%	19.06%	32.32%	122.58%	86.75%	-2.92%
% of Gross Profit	36.27%	55.57%	36.63%	26.48%	33.62%	26.23%	22.68%	22.55%	21.89%	17.52%	14.93%	19.03%	17.43%	13.52%	17.98%	28.93%
Depreciation & Amortization	$21.53M	$26.25M	$28.50M	$38.90M	$77.40M	$32.50M	$35.60M	$42.00M	$45.50M	$36.30M	$31.50M	$21.10M	$12.30M	$8.100M	$6.100M	$3.000M
YoY Change	-17.96%	-7.92%	-26.73%	-49.74%	138.15%	-8.71%	-15.24%	-7.69%	25.34%	15.24%	49.29%	71.54%	51.85%	32.79%	103.33%
% of Gross Profit	9.45%	11.06%	6.58%	5.99%	12.01%	4.16%	4.2%	5.85%	5.83%	4.24%	4.33%	4.4%	3.11%	3.53%	6.61%	5.08%
Operating Expenses	$353.6M	$428.6M	$769.0M	$729.3M	$1.001B	$904.2M	$832.9M	$682.7M	$700.8M	$618.6M	$479.9M	$395.1M	$310.2M	$147.1M	$90.60M	$88.60M
YoY Change	-17.51%	-44.26%	5.45%	-27.11%	10.66%	8.56%	22.0%	-2.58%	13.29%	28.9%	21.46%	27.37%	110.88%	62.36%	2.26%
Operating Profit	-$125.7M	-$191.4M	-$336.1M	-$79.70M	-$356.1M	-$123.8M	$15.00M	$35.40M	$79.00M	$237.6M	$248.2M	$84.60M	$85.70M	$82.20M	$1.700M	-$29.50M
YoY Change	-34.34%	-43.04%	321.7%	-77.62%	187.64%	-925.33%	-57.63%	-55.19%	-66.75%	-4.27%	193.38%	-1.28%	4.26%	4735.29%	-105.76%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense		$57.37M	$58.22M	$515.3M	$1.033B	$46.10M	$14.80M	$35.90M	-$10.40M	$51.60M	$52.50M	$34.80M	$29.00M	$900.0K	$500.0K	$1.600M
YoY Change		-1.47%	-88.7%	-50.11%	2140.35%	211.49%	-58.77%	-445.19%	-120.16%	-1.71%	50.86%	20.0%	3122.22%	80.0%	-68.75%
% of Operating Profit							98.67%	101.41%	-13.16%	21.72%	21.15%	41.13%	33.84%	1.09%	29.41%
Other Income/Expense, Net	$8.397M	$8.294M	$25.39M	$35.90M	$15.00M	$21.80M	$19.40M	$21.10M	$29.30M	$21.30M	$15.00M	$4.900M	$2.900M	$1.500M	-$200.0K	-$400.0K
YoY Change	1.24%	-67.33%	-29.28%	139.33%	-31.19%	12.37%	-8.06%	-27.99%	37.56%	42.0%	206.12%	68.97%	93.33%	-850.0%	-50.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	-$96.14M	-$131.8M	-$252.5M	$446.6M	$691.7M	-$45.20M	$49.20M	$92.30M	$97.90M	$310.5M	$315.6M	$124.3M	$117.6M	$84.60M	$1.900M	-$28.30M
YoY Change	-27.03%	-47.82%	-156.53%	-35.43%	-1630.31%	-191.87%	-46.7%	-5.72%	-68.47%	-1.62%	153.9%	5.7%	39.01%	4352.63%	-106.71%
Income Tax	$12.98M	-$6.037M	$20.58M	$19.00M	$22.00M	$20.10M	$14.80M	$14.10M	$25.50M	$48.40M	$37.60M	$17.00M	$15.10M	$10.50M	$1.700M	-$100.0K
% Of Pretax Income				4.25%	3.18%		30.08%	15.28%	26.05%	15.59%	11.91%	13.68%	12.84%	12.41%	89.47%
Net Earnings	-$109.1M	-$109.7M	-$205.7M	$380.4M	$727.8M	-$63.20M	$37.50M	$80.60M	$73.60M	$263.1M	$279.6M	$107.4M	$102.5M	$74.10M	$300.0K	-$28.20M
YoY Change	-0.49%	-46.69%	-154.07%	-47.73%	-1251.58%	-268.53%	-53.47%	9.51%	-72.03%	-5.9%	160.34%	4.78%	38.33%	24600.0%	-101.06%
Net Earnings / Revenue	-15.77%	-13.96%	-19.96%	31.47%	54.81%	-4.59%	2.38%	5.58%	4.57%	16.06%	19.63%	9.67%	10.78%	14.02%	0.11%	-12.67%
Basic Earnings Per Share
Diluted Earnings Per Share		-$0.19	-$2.119M	$653.3K	$1.250M	-$108.8K	$63.52K	$139.7K	$126.7K	$428.1K	$449.2K	$166.8K	$197.4K	$226.6K	$933.40	-$97.54K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Cash & Short-Term Investments	$1.146B	$1.498B	$1.638B	$1.583B	$1.105B	$1.101B	$984.0M	$1.080B	$1.326B	$1.402B	$1.151B	$1.181B	$287.2M	$223.1M	$68.00M
YoY Change	-23.53%	-8.54%	3.47%	43.27%	0.39%	11.84%	-8.92%	-18.51%	-5.42%	21.77%	-2.54%	311.28%	28.73%	228.09%
Cash & Equivalents	$95.98M	$189.0M	$357.8M	$310.9M	$174.0M	$362.9M	$202.7M	$310.7M	$1.286B	$845.1M	$916.2M	$397.2M	$287.2M	$223.1M	$68.00M
Short-Term Investments	$1.050B	$1.309B	$1.280B	$1.272B	$930.8M	$737.7M	$781.3M	$769.7M	$40.00M	$556.7M	$235.0M	$784.0M	$0.00
Other Short-Term Assets	$41.31M	$55.79M	$69.10M	$307.7M	$336.1M	$492.4M	$517.9M	$214.5M	$62.50M	$56.70M	$56.70M	$47.30M	$20.00M	$8.000M	$4.500M
YoY Change	-25.95%	-19.26%	-77.54%	-8.45%	-31.74%	-4.92%	141.45%	243.2%	10.23%	0.0%	19.87%	136.5%	150.0%	77.78%
Inventory
Prepaid Expenses
Receivables	$428.6M	$462.0M	$675.7M	$609.6M	$484.3M	$458.7M	$405.0M	$506.4M	$493.6M	$353.4M	$281.0M	$202.1M	$77.00M	$35.30M	$21.90M
Other Receivables	$46.22M	$61.18M	$37.30M	$56.70M	$95.30M	$191.7M	$161.4M	$129.6M	$181.0M	$129.1M	$67.10M	$75.30M	$16.50M	$8.700M	$11.90M
Total Short-Term Assets	$1.662B	$2.077B	$2.420B	$2.557B	$2.021B	$2.243B	$2.068B	$1.931B	$2.063B	$1.941B	$1.556B	$1.506B	$400.7M	$275.1M	$106.3M
YoY Change	-20.0%	-14.17%	-5.35%	26.53%	-9.93%	8.46%	7.12%	-6.4%	6.28%	24.74%	3.33%	275.82%	45.66%	158.8%
Property, Plant & Equipment	$116.6M	$70.41M	$112.1M	$181.9M	$95.60M	$64.50M	$72.10M	$80.50M	$89.70M	$95.10M	$102.5M	$41.00M	$24.10M	$15.50M	$15.90M
YoY Change	65.66%	-37.19%	-38.37%	90.27%	48.22%	-10.54%	-10.43%	-10.26%	-5.68%	-7.22%	150.0%	70.12%	55.48%	-2.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$114.7M	$140.5M	$131.5M	$2.028B	$1.995B	$1.212B	$948.2M	$525.6M	$146.0M	$0.00
YoY Change	-18.38%	6.87%	-93.52%	1.63%	64.66%	27.79%	80.4%	260.0%
Other Assets	$108.7M	$95.41M	$96.60M	$523.0M	$77.60M	$73.00M	$70.40M	$17.70M	$13.30M	$12.70M	$13.10M	$12.10M	$2.500M	$4.500M	$3.600M
YoY Change	13.95%	-1.23%	-81.53%	573.97%	6.3%	3.69%	297.74%	33.08%	4.72%	-3.05%	8.26%	384.0%	-44.44%	25.0%
Total Long-Term Assets	$369.2M	$328.8M	$352.7M	$2.769B	$2.610B	$1.356B	$1.100B	$636.3M	$263.9M	$115.8M	$125.2M	$58.60M	$46.60M	$39.20M	$37.90M
YoY Change	12.26%	-6.76%	-87.26%	6.09%	92.51%	23.24%	72.89%	141.11%	127.89%	-7.51%	113.65%	25.75%	18.88%	3.43%
Total Assets	$2.031B	$2.406B	$2.773B	$5.326B	$4.631B	$3.599B	$3.169B	$2.567B	$2.327B	$2.057B	$1.681B	$1.565B	$447.3M	$314.3M	$144.2M
YoY Change
Accounts Payable	$241.7M	$251.9M	$255.6M	$283.2M	$290.0M	$276.8M	$279.6M	$308.5M	$294.1M	$239.6M	$156.4M	$124.8M	$97.60M	$94.10M	$110.2M
YoY Change	-4.06%	-1.44%	-9.75%	-2.34%	4.77%	-1.0%	-9.37%	4.9%	22.75%	53.2%	25.32%	27.87%	3.72%	-14.61%
Accrued Expenses	$207.2M	$164.3M	$365.3M	$469.8M	$359.6M	$307.7M	$241.4M	$194.9M	$191.4M	$161.0M	$104.3M	$62.60M	$30.60M	$14.30M	$13.10M
YoY Change	26.08%	-55.02%	-22.24%	30.65%	16.87%	27.46%	23.86%	1.83%	18.88%	54.36%	66.61%	104.58%	113.99%	9.16%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$267.7M	$330.0M	$358.6M	$131.0M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change				-100.0%	-18.88%	-7.98%	173.74%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$664.3M	$967.0M	$1.062B	$1.505B	$1.073B	$1.072B	$983.1M	$742.8M	$592.0M	$469.5M	$306.8M	$252.2M	$148.6M	$115.4M	$126.8M
YoY Change	-31.3%	-8.98%	-29.43%	40.26%	0.13%	9.03%	32.35%	25.47%	26.09%	53.03%	21.65%	69.72%	28.77%	-8.99%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$101.3M	$48.40M	$44.90M	$83.20M	$26.10M	$24.70M	$21.70M	$18.40M	$16.90M	$12.20M	$8.000M	$5.500M	$3.500M	$1.600M	$1.100M
YoY Change	109.26%	7.8%	-46.03%	218.77%	5.67%	13.82%	17.93%	8.88%	38.52%	52.5%	45.45%	57.14%	118.75%	45.45%
Total Long-Term Liabilities	$101.3M	$48.40M	$44.90M	$83.20M	$26.10M	$24.70M	$21.70M	$18.40M	$16.90M	$12.20M	$8.000M	$5.500M	$3.500M	$1.600M	$1.100M
YoY Change	109.26%	7.8%	-46.03%	218.77%	5.67%	13.82%	17.93%	8.88%	38.52%	52.5%	45.45%	57.14%	118.75%	45.45%
Total Liabilities	$711.4M	$978.5M	$1.137B	$1.994B	$1.551B	$1.092B	$1.003B	$761.6M	$610.2M	$485.6M	$314.8M	$257.7M	$152.0M	$116.9M	$127.9M
YoY Change	-27.3%	-13.93%	-42.99%	28.57%	42.09%	8.86%	31.67%	24.81%	25.66%	54.26%	22.16%	69.54%	30.03%	-8.6%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $36.147 Million

About Phoenix New Media Ltd

Phoenix New Media Ltd. is engaged in the provision of media and advertising services through internet, mobile, and television channels. The company is headquartered in Beijing, Beijing and currently employs 743 full-time employees. The company went IPO on 2011-05-12. The firm enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices. The company also transmits its UGC and in-house produced content to television viewers primarily through Phoenix TV. In addition to professionally produced content, content from Phoenix TV and its in-house produced content, the Company allows its users to UGC to its Websites and mobile applications. The company operates in two segments: net advertising services and paid services. The company provides its content and services through channels, including ifeng.com channel, video channel and mobile channel, and also transmits its content to television viewers, primarily through Phoenix TV. Together, these channels form a single converged platform providing integrated text, image and video content.

Industry: Television Broadcasting Stations Peers: 36Kr Holdings Inc 9F Inc Yinfu Gold Corp Fang Holdings Ltd Fangdd Network Group Ltd Qutoutiao Inc