15 years of historical data (2010–2024) · Communication Services · Internet Content & Information
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Phoenix New Media Limited currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $552M | $28M | $16M | $33M | $63M | $87M | $143M | $232M | $479M | $226M | $437M |
| Enterprise Value | $472M | $-522655097 | $-441466148 | $41M | $-80384553 | $-217405350 | $-108095427 | $326M | $446M | $382M | $257M |
| P/E Ratio → | -2.68 | — | — | — | — | 0.21 | 0.20 | — | 14.11 | 3.02 | 6.27 |
| P/S Ratio | 5.38 | 0.04 | 0.02 | 0.04 | 0.06 | 0.07 | 0.11 | 0.17 | 0.30 | 0.16 | 0.27 |
| P/B Ratio | 0.13 | 0.03 | 0.01 | 0.03 | 0.05 | 0.05 | 0.04 | 0.07 | 0.19 | 0.10 | 0.24 |
| P/FCF | — | — | — | — | — | — | — | — | 3.30 | 1.30 | 2.46 |
| P/OCF | — | — | — | — | — | — | — | — | 2.77 | 1.11 | 1.98 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -0.74 | -0.64 | 0.05 | -0.08 | -0.18 | -0.08 | 0.24 | 0.28 | 0.26 | 0.16 |
| EV / EBITDA | — | — | — | — | — | — | — | — | 8.82 | 4.95 | 2.07 |
| EV / EBIT | — | — | — | — | — | — | — | — | 29.78 | 10.81 | 2.57 |
| EV / FCF | — | — | — | — | — | — | — | — | 3.07 | 2.19 | 1.45 |
Margins and return-on-capital ratios measuring operating efficiency
Phoenix New Media Limited earns an operating margin of -9.2%. Operating margins have expanded from -24.4% to -9.2% over the past 3 years, signaling improving operational efficiency. A negative ROE of -4.7% indicates the company is currently destroying shareholder equity.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.2% | 38.2% | 32.9% | 30.2% | 42.0% | 51.7% | 48.5% | 56.7% | 53.8% | 49.7% | 48.5% |
| Operating Margin | -9.2% | -9.2% | -18.2% | -24.4% | -32.6% | -8.5% | -26.8% | -9.0% | 1.0% | 2.4% | 4.9% |
| Net Profit Margin | -7.6% | -7.6% | -14.8% | -14.0% | -20.0% | 31.5% | 54.8% | -4.6% | 2.4% | 5.6% | 4.6% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -4.7% | -4.7% | -8.4% | -8.3% | -13.5% | 14.6% | 21.0% | -2.1% | 1.6% | 4.1% | 4.2% |
| ROA | -3.1% | -3.1% | -5.4% | -4.9% | -7.9% | 9.4% | 14.6% | -1.5% | 1.1% | 2.8% | 3.0% |
| ROIC | -7.7% | -7.7% | -9.5% | -11.4% | -19.4% | -3.3% | -7.9% | -3.1% | 0.5% | 1.3% | 5.8% |
| ROCE | -5.4% | -5.4% | -9.7% | -13.6% | -21.3% | -3.7% | -9.7% | -4.1% | 0.6% | 1.8% | 4.4% |
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $608M exceeds total debt of $57M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.05 | 0.05 | 0.06 | 0.08 | 0.03 | 0.03 | 0.03 | 0.08 | 0.13 | 0.17 | 0.07 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 6.52 | 4.64 | 1.05 |
| Net Debt / Equity | — | -0.49 | -0.39 | 0.01 | -0.10 | -0.18 | -0.07 | 0.03 | -0.01 | 0.07 | -0.10 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | -0.65 | 2.02 | -1.44 |
| Debt / FCF | — | — | — | — | — | — | — | — | -0.23 | 0.89 | -1.01 |
| Interest Coverage | — | — | — | — | — | — | — | -9.16 | 0.67 | 5.01 | — |
Net cash position: cash ($608M) exceeds total debt ($57M)
Short-term solvency ratios and asset-utilisation metrics
Phoenix New Media Limited's current ratio of 2.74x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 2.50x to 2.74x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.74 | 2.74 | 2.81 | 2.50 | 2.15 | 2.28 | 1.70 | 1.88 | 2.09 | 2.16 | 2.60 |
| Quick Ratio | 2.74 | 2.74 | 2.81 | 2.49 | 2.13 | 2.25 | 1.64 | 1.63 | 1.78 | 1.74 | 2.38 |
| Cash Ratio | 1.93 | 1.93 | 2.06 | 1.72 | 1.55 | 1.54 | 1.07 | 1.01 | 1.03 | 1.00 | 1.45 |
| Asset Turnover | — | 0.41 | 0.39 | 0.39 | 0.43 | 0.44 | 0.25 | 0.30 | 0.44 | 0.46 | 0.63 |
| Inventory Turnover | 60.57 | — | — | 60.57 | 38.25 | 18.81 | 8.24 | 2.21 | 2.16 | 1.78 | 5.15 |
| Days Sales Outstanding | — | 209.14 | 185.29 | 222.14 | 182.09 | 213.84 | 162.58 | 129.37 | 107.33 | 103.61 | 143.13 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Phoenix New Media Limited returns 0.0% to shareholders annually primarily through share buybacks.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | 5.6% | 100.0% | 100.0% | — | — | — | — |
| Payout Ratio | — | — | — | — | — | 169.6% | 96.6% | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | 480.0% | 489.8% | — | 7.1% | 33.1% | 15.9% |
| FCF Yield | — | — | — | — | — | — | — | — | 30.3% | 77.0% | 40.6% |
| Buyback Yield | 0.0% | 2.9% | 4.0% | 0.0% | 0.0% | 0.0% | 0.4% | 0.0% | 0.0% | 0.0% | 15.2% |
| Total Shareholder Yield | 0.0% | 2.9% | 4.0% | 0.0% | 5.6% | 100.0% | 100.0% | 0.0% | 0.0% | 0.0% | 15.2% |
| Shares Outstanding | — | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M | $12M |
Compare FENG with 9 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| FENGYou | $552M | -2.7 | — | — | 38.2% | -9.2% | -4.7% | -7.7% | — |
| SPOT | $106B | 43.3 | 39.3 | 32.3 | 32.0% | 12.8% | 30.7% | 38.9% | 1.1 |
| TME | $10B | 23.6 | 6.6 | 7.7 | 42.3% | 30.7% | 10.5% | 11.6% | 0.6 |
| KRKR | $3B | -0.3 | — | — | 48.6% | -33.7% | -71.9% | -30.9% | — |
| NAMI | $508M | 4.1 | 60.0 | — | 28.8% | 6.7% | 94.8% | — | 0.1 |
| AREN | $137M | -1.0 | 14.6 | — | 44.3% | 6.2% | — | 22.6% | 7.0 |
| PODC | $50M | -10.0 | — | — | 9.1% | -12.3% | -41.0% | -33.3% | — |
| ZDGE | $42M | -19.4 | 63.1 | 12.5 | 89.8% | -2.6% | -8.4% | -6.3% | 0.5 |
| ONFO | $3M | -1.2 | — | — | 57.8% | -31.9% | -40.7% | -38.2% | — |
| BZFD | $1M | -0.8 | — | — | 44.7% | -12.4% | -9.3% | -8.3% | — |
| Communication Services Median | — | 15.1 | 7.5 | 10.5 | 51.2% | -0.7% | 2.4% | 1.7% | 3.5 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 15 years · Updated daily
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Start ComparisonPhoenix New Media Limited's current P/E ratio is -2.7x. The historical average is 3.9x.
Phoenix New Media Limited's return on equity (ROE) is -4.7%. The historical average is 6.0%.
Based on historical data, Phoenix New Media Limited is trading at a P/E of -2.7x. Compare with industry peers and growth rates for a complete picture.
Phoenix New Media Limited has 38.2% gross margin and -9.2% operating margin.