Phoenix New Media Ltd risk profile

45 Elevated one input has moved against it

Measured 1 September 2026 from FENG's filed statements. Recomputed nightly.

45 (Elevated), driven by Cash conversion at 90, over 5 weighted categories on the SOFTWARE profile.

What is measured

MechanismReadingBandDirectionDriver
Market expectation80AcuteStableDrawdown from the 52-week high — 52.1%
Operating pressure14ContainedWorseningCosts outgrowing revenue — -4.7 percentage points
Cash conversion90AcuteEasingCapital spending against operating cash — -4.89x
Leverage and coverage7ContainedStableCurrent ratio — 2.85x
Competitive position41ElevatedStableRevenue-growth gap against peers — +1.2 percentage points
ConcentrationReads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company.

These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.

Communication Services companies with a risk reading

Financials, valuation and price history for Phoenix New Media Ltd