Phoenix New Media Limited

FENG Communication Services Internet Content & Information

Phoenix New Media Limited’s revenue for fiscal 2025 (year ended December 2025) was $106.5 million, up 8.79% from fiscal 2024. In the quarter to June 2026, revenue grew 22.3%, EPS grew 166.7%, free cash flow grew 90.6% and total debt fell 4.62%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.

1.44 0.04 +2.86%
Market cap
$7.6M
P/E
4.0×
Fwd P/E
−1.9×
Dividend yield
—
F-score
7/9
Altman Z
0.74
Beneish M
−2.64
Dividend safety
20/100
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
P/E ratio
18.89 84.89 0.00 1.38 1.54 0.00 0.00 0.00 0.00 83.50
Piotroski F-Score
5 4 2 4 4 3 4 5 6 7
Altman Z-Score
1.94 2.59 1.28 0.72 1.17 0.58 0.55 0.52 0.68 0.74
P/S ratio
1.11 2.02 1.16 0.65 0.47 0.39 0.27 0.17 0.29 0.19
P/FCF ratio
1.54 4.10 4.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z″-Score (non-manufacturers)
4.89 4.76 4.14 3.11 4.44 3.12 3.66 4.17 4.21 4.55
Beneish M-Score
(2.79) (2.46) (2.18) (1.40) (1.85) (2.90) (1.61) (3.04) (2.55) (2.64)
P/Operating CF
5.22 11.07 5.28 3.23 1.98 1.42 0.72 0.39 0.65 0.46
Dividend Safety Score
— — — — — — — — — 20
P/B ratio
0.74 1.27 0.47 0.28 0.34 0.29 0.17 0.10 0.18 0.13
Price to Tangible BV
0.74 1.27 0.54 0.32 0.35 0.30 0.17 0.11 0.19 0.13
EV/Sales
0.19 1.12 0.19 (0.44) (0.89) (1.05) (1.17) (1.38) (1.17) (1.12)
EV/EBITDA
7.95 117.66 0.00 2.22 10.44 3.22 4.80 7.59 12.75 25.01
EV/Operating CF
0.25 2.02 0.49 36.12 3.43 1.74 1.04 1.45 1.38 1.94
EV/FCF
0.27 2.28 0.70 3.10 2.21 1.38 0.89 1.30 1.24 1.71
Quick Ratio
1.77 1.77 1.71 1.55 2.21 2.04 2.38 2.63 2.55 2.63
Current Ratio
2.16 2.09 1.88 1.70 2.28 2.15 2.50 2.81 2.74 2.85
Net Debt/EBITDA
(17.01) (27.85) 14.53 7.50 30.91 4.83 6.91 10.32 20.24 42.35
Debt/Assets
0.69% 0.69% 0.56% 0.52% 1.02% 1.18% 1.00% 1.06% 0.91% 0.85%
Debt/Equity
0.01 0.01 0.01 0.01 0.02 0.02 0.02 0.02 0.01 0.01
Asset Turnover
0.49 0.48 0.33 0.31 0.31 0.40 0.35 0.36 0.40 0.46
Operating CF/Net income
2.53 4.62 1.22 (0.45) (0.27) 0.69 2.85 0.59 0.83 (7.94)
Capex/Depreciation
(0.70) (0.78) (1.72) (1.01) (0.24) 0.02 (0.93) (0.28) (0.36) (1.15)
Interest Coverage
5.01 0.67 (9.16) (60.03) (3.06) (7.10) (6.10) — — —
ROE
3.93% 1.66% (2.10%) 20.86% 15.26% (13.56%) (8.08%) (8.22%) (4.67%) 0.03%
ROA
2.72% 1.14% (1.50%) 14.54% 9.80% (7.99%) (4.83%) (5.26%) (3.06%) 0.02%
ROIC
2.61% 0.86% (3.76%) (10.17%) (275.36%) 0.00% (91.36%) (88.27%) (48.60%) (20.57%)
Return on Tangible Assets
6.65% 3.03% (6.06%) 63.13% 26.78% (18.06%) (10.85%) (10.69%) (5.69%) 0.04%
Average Days of Receivables
102.32 106.31 128.29 152.16 204.00 161.87 199.10 154.99 169.51 139.75
Research and Development Expense of Revenue
11.20% 12.21% 14.86% 15.86% 14.23% 15.39% 16.78% 11.94% 10.05% 8.44%
Selling, General and Administrative Expense of Revenue
36.05% 40.67% 50.83% 57.97% 46.11% 59.25% 37.78% 39.15% 37.33% 44.92%
Intangible Assets out of Total Assets
0.00 0.00 0.09 0.09 0.00 0.01 0.01 0.01 0.01 0.01
Share Based Compensation of Revenue
0.13% 1.32% 1.02% 1.32% 0.78% 0.93% 1.00% 0.54% 0.22% 0.00%
Graham Net Nets
0.70 0.36 0.49 0.78 2.30 2.62 4.17 7.30 4.28 6.08
Graham Number
24.45 18.62 0.00 89.80 47.04 0.00 0.00 0.00 0.00 2.40
Earnings Yield
5.29% 1.18% (4.37%) 72.44% 64.99% (52.32%) (53.98%) (85.11%) (26.16%) 1.20%
Free Cash Flow Yield
64.82% 24.36% 23.87% (22.04%) (84.86%) (193.57%) (480.68%) (604.02%) (324.82%) (348.19%)
Revenue per Share
17.41 20.21 16.54 18.17 15.27 13.16 9.62 8.06 8.15 8.87
Operating CF per Share
2.45 2.22 (0.92) (3.92) (1.30) (1.82) (3.83) (0.71) (0.51) (0.03)
Capex per Share
(0.35) (0.36) (0.67) (0.99) (0.15) 0.01 (0.31) (0.07) (0.06) (0.14)
Free Cash Flow per Share
2.10 1.86 (1.59) (4.92) (1.45) (1.82) (4.14) (0.78) (0.57) (0.17)
Cash per Share
16.13 18.44 16.29 20.13 21.08 19.33 14.14 12.73 12.11 11.79
Shareholders Equity per Share
26.06 32.10 40.72 42.07 21.02 17.74 15.50 13.55 12.89 12.84
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
26.06 32.10 40.72 42.07 21.02 17.74 15.50 13.55 12.89 12.84
Free Cash Flow
25.12 22.32 (19.31) (59.49) (17.65) (22.05) (50.20) (9.44) (6.85) (2.08)
Working Capital
164.14 180.03 137.78 151.00 208.05 172.05 148.20 134.47 130.34 127.98
Capital Expenditures
(4.22) (4.27) (8.14) (12.04) (1.85) 0.09 (3.77) (0.84) (0.69) (1.71)
Net Current Asset Value
160.82 176.03 113.48 111.45 200.97 164.35 133.15 124.84 121.83 121.97
EV/EBIT
7.95 117.66 0.00 2.22 10.44 3.22 4.80 7.59 12.75 25.01
Capex to Sales
0.02 0.02 0.04 0.05 0.01 0.00 0.03 0.01 0.01 0.02
Price to Operating Income
45.19 211.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other line items
Depreciation/Fixed assets
0.58 0.55 0.34 0.82 0.79 0.98 2.09 2.98 3.11 0.99
Cash ROIC
4.95% 3.66% (2.78%) (7.86%) (3.43%) (4.85%) (13.84%) (2.93%) (2.26%) (0.70%)
Accounts Receivable Turnover
3.05 3.76 2.84 2.71 1.90 1.83 1.74 1.86 2.25 2.47
Accounts Payable Turnover
2.55 2.87 2.20 2.91 2.41 2.74 2.72 3.01 3.24 2.93
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
131.03 131.84 161.99 123.48 144.36 132.69 117.75 96.04 121.39 114.16
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Receivables
68.25 64.42 70.46 81.05 97.61 87.18 67.26 52.60 43.49 43.12
Average Payables
41.11 38.97 39.44 37.92 35.62 33.78 29.98 21.78 18.69 18.58
Average Assets
426.34 504.77 613.34 719.26 594.96 398.91 337.34 275.15 243.32 233.81
Average Common Equity
295.03 347.94 438.76 501.16 382.11 235.17 201.67 176.22 159.65 154.52

Fold the line items

Columns are period end dates