Phoenix New Media Limited logo

Phoenix New Media Limited(FENG)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1.4
10/09/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
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  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for methodology, assumptions, and limitations.

Upturn Advisory & Investor View for FENG

10/09/2026: FENG (1-star) is currently NOT-A-BUY. Pass it for now.

Phoenix New Media is a specialized Chinese digital media company known for providing professional news and entertainment content via its ifeng.com portal and mobile applications. While it benefits from the established Phoenix media brand, the company faces significant challenges, including stiff competition from dominant platforms like Tencent and ByteDance, as well as a contraction in digital advertising spend. The investment story centers on the potential for a business model pivot toward short-form video and AI-driven content. However, execution, regulatory headwinds, and ongoing revenue pressure remain critical risks. The stock may best suit speculative investors monitoring for a successful turnaround, while those seeking growth or reliable dividends should approach with caution.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company is currently in a phase of contraction rather than growth.
Momentum investorWeak fitThe stock lacks the positive price action required for momentum strategies.
Value investorMixed fitWhile the valuation may appear low, the underlying business quality remains pressured.
Dividend investorWeak fitThe company does not provide a reliable dividend yield.
Low-risk investorWeak fitHigh volatility and regulatory risks make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThin trading volume and market sensitivity lead to significant price swings.
Valuation riskMediumLow valuation multiples reflect deep-seated concerns regarding future profitability.
Competition risk (Tech Giants)HighCompetition from Tencent and ByteDance severely limits market share expansion.
Business qualityMediumThe business faces structural challenges in retaining its core audience.
Dividend incomeLow / noneThe company offers no income generation for shareholders.
Execution riskMedium / highSuccessfully pivoting the business model in a restricted environment is difficult.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Smooth
PRICE STABILITY

Smooth

The stock has moved along a generally orderly path with only modest fluctuations.

Analysis of Past Performance

Type Stock
Historic Profit -64.5%
Avg. Invested days 25
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 10/09/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
FENG receives a 3-star rating based on the available scored pillars. The rating is constrained by weak unit economics, soft analyst coverage, and weak price momentum.

Company Fundamentals

★★★★★
FENG has moderate overall fundamentals (3 stars), with moderate financial health, solid growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+100.6%) is partially offset by weak cash generation (FCF margin -2.1%), moderate revenue growth (+8.8%), soft profitability (net margin 0.0%).

Financial Health Rating

★★★★★
FENG's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 55.7%). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is FENG's strongest growth driver at +100.6% FY2025 versus FY2024 (strong, 5 stars). By comparison, free-cash-flow growth (+68.3%, strong) is also strong, while revenue growth (+8.8%, moderate) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 2.5% (soft) and 97.2% of outstanding shares are publicly tradable (strong). Insider ownership is only 0.00%, which materially reduces the ownership score.

Top 5 Institutional Investors

Acadian Asset Management LLC 0.41%
Morgan Stanley - Brokerage Accounts 0.34%
Citadel Advisors Llc 0.30%
Marex Group Ltd 0.29%
UBS Group AG 0.18%

Unit Economics (Per $1K Revenue)

★★★★★
FENG generates approximately $489 of gross profit, $-45 of operating income, and $-21 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 95.72%

Quantitative Style Profile

★★★★★
FENG has a liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 16.82M USD
Price to earnings Ratio 4
1Y Target Price 5.58
Price to earnings Ratio 4
1Y Target Price 5.58
Volume (30-day avg) 2.1K shares
Beta -0.18
52 Weeks Range 1.39 - 2.48
Updated Date 10/11/2026
52 Weeks Range 1.39 - 2.48
Updated Date 10/11/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.35

How Company Makes Money

Business areaWhat it includesRetail investor read
Advertising ServicesBrand advertising and performance-based marketing on ifeng.com and mobile apps.This is the company's primary revenue driver, tied to the health of the Chinese digital ad market.
Paid ServicesSubscriptions, digital content fees, and value-added mobile services.Secondary income stream that faces challenges from free content alternatives.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 4
Forward PE 23.75
Enterprise Value -124.38M
Price to Sales(TTM) 0.02
Enterprise Value -124.38M
Price to Sales(TTM) 0.02
Enterprise Value to Revenue -
Enterprise Value to EBITDA 0.41
Shares Outstanding 5.40M
Shares Floating 5.25M
Shares Outstanding 5.40M
Shares Floating 5.25M
Percent Insiders -
Percent Institutions 2.55

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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