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JiShi Media Co Ltd (601929) fair value: what the stock is really worth

As of Nov 5, 2026: fair value (intrinsic value) of JiShi Media Co Ltd stock ¥0.36, price ¥2.50, that is 85.6% below the price, quality 36 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Communication Services CN · ISIN CNE100001BY1

JM JiShi Media Co Ltd logo Thin data Nov 1, 2026

JiShi Media Co Ltd

601929 · SHG
Very expensive, weak quality

Our calculation puts a fair price 86% below what the stock costs today.

Generates free cash flow
Moderate debt
Fair value ¥0.3600 · Strongly overvalued (−85.6%)
Quality 36/100
Weak Growth (revenue 5y +0.1 %/yr in CNY)
Loss-making · -22.4% net margin (TTM)
Trails peers (1/13)
Narrow moat 16/100
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

¥6.25 ¥0.9100 Fair Value ¥0.3600 May 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.

How to read this chart

60‑month range ¥0.9100 – ¥6.25 · fair‑value band ¥0.0720 – ¥0.8100 · the ¥2.50 price screens above the ¥0.3600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 1, 2026.

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Company profile

JiShi Media Co., Ltd. engages in the cable television business in China. The company also provides services of communication networks and their lines, internet access services, information services, radio and television, and communication and information equipment products.

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In addition, it distributes radio and television programs; designs and installs communication networks and their circuits; and designs, installs, and operates radio and television, networks, computer networks, and communication networks.

Further, the company is involved in the radio and television program transmission service business; professional and premium channels business; video and audio on-demand service business; information on e-government, e-commerce, TV shopping, distance education, and telemedicine network transmission service business; network advertisement, online communication, data transmission, special channel rental service business; radio and television, communication sky Feeder system installation system installation and commissioning; information network services in electronic community projects, water, electricity and heat charges; and technology development of satellite and network systems.

JiShi Media Co., Ltd. was incorporated in 2001 and is based in Changchun, China.

Stock analysis

JiShi Media Co Ltd (601929) currently trades at ¥2.50, while our model-based Fair Value estimate is ¥0.3600, 86% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of ¥0.8600 per share, and 0 of the 4 models we run sit above the ¥2.50 price.

Bear case: the DCF Models group reads lowest at ¥0.1400, and 4 of the 4 models stay below the price. Data coverage for this calculation is low.

Scenario range: ¥0.0720 (bear) to ¥0.8100 (bull), the price of ¥2.50 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 36/100 (below-average quality), in the Communication Services sector.

Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.

JiShi Media Co Ltd reported revenue of 2.0B CNY in FY2025 versus 2.1B CNY in FY2021, a compound −1.2%/yr. Reported net income was −460M CNY in FY2025.

Key figures

Market cap 8.7B CNY (≈ $1.3B) Small · P/S ratio 3.93 · EPS (TTM) ¥−0.1300 · Dividend yield 2.6% · Net margin −22.4% · Return on equity −9.2% · Return on assets (EBIT) 0.3% · Operating margin −16.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).

What moves the price

The share trades about 49% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Communication Services peers we cover trades at −14% fair-value upside, at −86%, 601929 screens richer than that median.

Fair Value models

Bear ¥0.0720 Fair Value ¥0.3600 Bull ¥0.8100
Price ¥2.50 · Downside -85.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF n/a n/a ¥0.1400 77
Growth DCF n/a n/a ¥0.1200 75
5Y EBITDA Exit n/a ¥0.3400 ¥0.8100 72
All 6 models by family
DCF Models
FCF DCF n/a n/a ¥0.1400 77
5Y EBITDA Exit n/a ¥0.3400 ¥0.8100 72
10Y EBITDA Exit n/a ¥0.1400 ¥0.4600 65
Multiples
EV/EBITDA ¥0.0300 ¥0.3600 ¥0.6900 58
Asset-Based
NCAV (Graham) ¥0.6400 ¥0.8600 ¥1.29 54
Growth DCF
Growth DCF n/a n/a ¥0.1200 75

Open the full fair value analysis →

Quality Score breakdown

Overall quality 36/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 2
How much profit the company makes from its sales and capital
Quality Growth 39
Are margins and returns getting better?
Cashflow 34
Do the profits arrive as real cash?
Financial strength 32
Debt, balance sheet and risk of trouble
Investment 69
Does it invest with discipline instead of growing at any price?
Low Volatility 51
How calm the share price moves, does not count
Price momentum 26
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 7
Distance to the 52-week high, does not count
New shares 66
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 23/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
+0.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.1%
Start year 2020 (pandemic). Over 10 years: −0.9% a year
Revenue growth 17 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.8%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
0.0% (2020) → −20.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Growth Forecast

A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+61.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (China: IMF forecast 1.7% a year to 2030, 1.4% from 2016 to 2025) that is about +58.3% a year for the price.

601929 screens overvalued: fair value 86% below the price. Compare with Netflix, Inc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Entertainment · 223 stocks

Beats the industry median on 1/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −85.6% · Bottom 25%
Profitability
Return on assets −3.8% · Below median
Net margin (12 months) −22.4% · Bottom 25%
Operating margin (12 months) −16.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −2.3% · Below median
Dividend yield (12 months) 2.6% · Above median
Balance sheet
Debt / equity 0.63× · Highest 25%

Valuation Multiplesvs Entertainment median · lower = cheaper

P/B 1.83× · Pricier than median
P/S (12 months) 4.36× · Priciest 25%
Price / free cash flow (fiscal year) 153.5× · Priciest 25%
EV/EBITDA 38.6× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 29
FUTURE (revenue growth)0 · sector 20
PAST (return on equity)0 · sector 4
HEALTH (low debt)68 · sector 96
DIVIDEND (yield)52 · sector 46

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Entertainment stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Netflix, Inc NFLX $65.56 $73.03 +11% vs 601929
Universal Music Group UMG €17.78 €19.56 +10% vs 601929
Fox Corporation FOX $59.99 $65.92 +10% vs 601929
Formula One Group FWONK $106.52 $114.96 +8% vs 601929
The Walt Disney Company DIS $117.22 $101.07 −14% vs 601929
News Corporation NWS $28.97 $17.05 −41% vs 601929
TKO Group TKO $189.14 $87.52 −54% vs 601929
Roku, Inc ROKU $160.37 $71.66 −55% vs 601929
Warner Music Group WMG $31.92 $10.61 −67% vs 601929
Live Nation Entertainment, Inc LYV $181.25 $48.31 −73% vs 601929

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JiShi Media Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "JiShi Media Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601929

Frequently asked questions

Is JiShi Media Co Ltd (601929) overvalued or undervalued?
As of Nov 1, 2026, our model estimates a fair value of ¥0.3600 versus a price of ¥2.50, about 86% lower (overvalued).
What is the fair value of 601929?
Our model-based fair value for JiShi Media Co Ltd is ¥0.3600 (as of Nov 1, 2026), built from audited fundamentals. The current price: ¥2.50.
What is the quality score of 601929?
JiShi Media Co Ltd has a Quality Score of 36/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for JiShi Media Co Ltd (601929)?
Our model-based price target is the fair value of ¥0.3600 (as of Nov 1, 2026) from 6 valuation models. Cautious scenario ¥0.0720, optimistic scenario ¥0.8100. It is a calculation from audited fundamentals, not an analyst target.
What is the JiShi Media Co Ltd stock forecast for 2026?
Our models put fair value at ¥0.3600, about 86% lower versus a price of ¥2.50 (overvalued). Cautious scenario ¥0.0720, optimistic scenario ¥0.8100. The calculation is refreshed regularly with new filings.
What is the revenue of JiShi Media Co Ltd (601929)?
JiShi Media Co Ltd reported trailing-twelve-month revenue of about 2.0B CNY (latest available figure, as of Nov 1, 2026).
Does JiShi Media Co Ltd pay a dividend?
JiShi Media Co Ltd currently shows a dividend yield of 2.59% relative to its recent price (as of Nov 1, 2026).
What growth is priced into JiShi Media Co Ltd (601929)?
For today's price to be fair in a discounted-cash-flow model, JiShi Media Co Ltd would have to grow free cash flow by +61.0 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.1 % per year. As of Nov 1, 2026.
What discount rate (WACC) does the fair value of 601929 use?
Our models discount JiShi Media Co Ltd at 10.6 %: a base by market capitalisation (small), damped by beta 0.55, country premium for China. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For JiShi Media Co Ltd that is +61.0 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has JiShi Media Co Ltd (601929) delivered so far?
Over the past 5 years revenue at JiShi Media Co Ltd grew +0.1 % a year. The price currently implies +61.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of JiShi Media Co Ltd (601929) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into JiShi Media Co Ltd (+61.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of JiShi Media Co Ltd (601929)?
The free-cash-flow yield on the price is 0.65 %: that much free cash flow JiShi Media Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JiShi Media Co Ltd (601929)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JiShi Media Co Ltd it is ¥0.3600 per share (as of Nov 1, 2026), against a price of ¥2.50. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is JiShi Media Co Ltd stock overvalued or undervalued in 2026?
As of Nov 1, 2026, 601929 trades above its calculated fair value: price ¥2.50, fair value ¥0.3600, a gap of about −86% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 601929?
No. The price is what the market pays today (¥2.50); the fair value is what the company's own numbers justify (¥0.3600). For JiShi Media Co Ltd the two are ¥2.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is JiShi Media Co Ltd worth?
The market values JiShi Media Co Ltd at about 8.7B CNY (market capitalisation, as of Nov 1, 2026). Per share that is ¥2.50; our models calculate a fair value of ¥0.3600 per share.
What do the bullish and bearish scenarios say about 601929?
Our models span a range for JiShi Media Co Ltd: cautious scenario ¥0.0720, base ¥0.3600, optimistic ¥0.8100 per share (as of Nov 1, 2026, price ¥2.50). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of JiShi Media Co Ltd (601929)?
Balance-sheet figures for JiShi Media Co Ltd (as of Nov 1, 2026): return on equity −9.2%, debt of 0.63 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is 601929 from its 52-week high?
JiShi Media Co Ltd trades at ¥2.50, about 49% below its 52-week high of ¥4.93 and 19% above the low of ¥2.10 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ¥0.3600 is for.
Which stocks are comparable to JiShi Media Co Ltd?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Live Nation Entertainment, Inc, TKO Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is JiShi Media Co Ltd stock attractive at the current price?
The data as of Nov 1, 2026: price ¥2.50, calculated fair value ¥0.3600 (−86%), Quality Score 36/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 601929 calculated?
We run JiShi Media Co Ltd through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ¥0.3600, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. JiShi Media Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of JiShi Media Co Ltd (601929)?
The closing price on Nov 5, 2026 was ¥2.50. Our model-based fair value is ¥0.3600, about 86% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JiShi Media Co Ltd right now?
The price sits above even our optimistic bull case (¥0.8100). The favourable scenario is already priced in. Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (¥0.0720 to ¥0.8100). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of JiShi Media Co Ltd

How large is the market capitalisation of JiShi Media Co Ltd (601929)?
The market capitalisation of JiShi Media Co Ltd is 8.7B CNY (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of JiShi Media Co Ltd (601929)?
The price-to-sales ratio of JiShi Media Co Ltd is 3.93 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of JiShi Media Co Ltd (601929)?
Earnings per share at JiShi Media Co Ltd are ¥−0.1300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of JiShi Media Co Ltd (601929)?
The dividend yield of JiShi Media Co Ltd is 2.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of JiShi Media Co Ltd (601929)?
The net margin of JiShi Media Co Ltd is −22.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of JiShi Media Co Ltd (601929)?
The return on equity (ROE) of JiShi Media Co Ltd is −9.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of JiShi Media Co Ltd (601929)?
On an EBIT basis the return on assets of JiShi Media Co Ltd is 0.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of JiShi Media Co Ltd (601929)?
The operating margin of JiShi Media Co Ltd is −16.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JiShi Media Co Ltd (601929)?
Revenue at JiShi Media Co Ltd is growing −2.3% versus a year earlier (3y avg +3.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at JiShi Media Co Ltd (601929)?
Earnings per share at JiShi Media Co Ltd are growing −84.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does JiShi Media Co Ltd (601929) carry?
The net debt of JiShi Media Co Ltd is 3.4B CNY (fiscal year 2025, ≈ 59.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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