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Guilin Tourism Corporation (000978) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 2.7B CNY

GT Guilin Tourism Corporation 000978 · SHE
Price¥6.17
Fair Value¥1.34
Upside-78.3%
Quality49/100
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Healthy Growth
Thin margins · 2.7% net margin
Moderate debt · generates free cash flow
Trails peers (2/14)
Narrow moat 20/100
Evidence: High Range ¥0.6300 – ¥1.34 Share as image

Fair value as of: Jul 21, 2026

From 22 valuation models · updated 20 days ago

Share price +14.7% over the past month.

Below-average quality, and screening another 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥1.34). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (¥0.6300 to ¥1.34) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

¥10.13 ¥4.29 Fair Value ¥1.34 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range ¥4.29 – ¥10.13 · fair‑value band ¥0.6300 – ¥1.34 · the ¥6.17 price screens above the ¥1.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Guilin Tourism Corporation (000978) currently trades at ¥6.17, while our model-based Fair Value estimate is ¥1.34, implying the stock looks roughly 78.3% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Guilin Tourism Corporation generated revenue of 453M CNY at a net margin of 2.7%. Revenue grew 15.5% year over year. It earns a return on equity of 0.9%. Net debt stands at 547M CNY. Fundamentals as of Jul 21, 2026

Our scenario range runs from ¥0.6300 (bear case) to ¥1.34 (bull case); at ¥6.17, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 29% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -62% fair-value upside, at -78%, 000978 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥0.0100 to ¥1.85). Read the values as a conservative anchor, not as a price target.
Model 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. Evidence
Highest evidence
Growth DCF ¥0.5300 ¥1.36 ¥2.53 80
Residual Income ¥1.57 ¥1.47 ¥1.05 76
Rev-Margin DCF ¥0.0300 ¥0.4500 74
All 22 models by family
DCF Models
FCF DCF ¥0.5100 ¥1.48 ¥2.94 38
Owner Earnings ¥0.3600 ¥1.21 31
5Y Revenue Exit ¥0.0100 ¥0.3900 39
5Y EBITDA Exit ¥0.6500 ¥1.85 ¥3.26 41
5Y P/E Exit ¥0.2200 38
10Y Revenue Exit ¥0.3300 ¥0.8000 36
10Y EBITDA Exit ¥0.5800 ¥1.60 ¥2.98 37
10Y P/E Exit ¥0.2800 ¥0.6700 35
Earnings-Based
Graham-Dodd ¥0.1600 ¥0.5500 ¥0.7400 54
Lynch FV ¥0.1300 ¥0.1800 ¥0.2400 50
PEG = 1.0 ¥0.1300 ¥0.1800 ¥0.2400 46
Dividend Discount
Gordon GGM ¥0.5900 ¥1.17 ¥1.77 70
DDM Multi-Stage ¥0.5900 ¥1.00 ¥1.23 61
Multiples
P/E Multiple ¥0.3900 ¥0.5200 ¥0.6500 63
P/S Multiple ¥0.3000 ¥0.4000 ¥0.5000 58
P/B Multiple ¥0.3000 ¥0.4000 ¥0.5000 55
EV/EBITDA ¥0.9500 ¥1.66 ¥2.37 54
Asset-Based
NCAV (Graham) ¥1.16 ¥1.55 ¥2.31 50
Growth DCF
Growth DCF ¥0.5300 ¥1.36 ¥2.53 80
Rev-Margin DCF ¥0.0300 ¥0.4500 74
Economic Profit
Residual Income ¥1.57 ¥1.47 ¥1.05 76
Growth Earnings
Growth-Adj P/E ¥0.3300 ¥0.4700 ¥0.6200 68

Widest divergence: Asset-Based (¥1.55) versus Growth DCF (¥0.0300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 453M CNY
Revenue growth (YoY) +15.5%
Net margin 2.7%
Return on equity 0.9%
Free cash flow 71.0M CNY FY2025
P/E ratio 195.7
More key figures
Operating margin -4.9%
EPS (TTM) ¥0.0300
EPS growth (YoY) -2.1%
Net debt 547M CNY FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 35

Profitability 15
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 60
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Guilin Tourism Corporation Limited provides tourism and related services in China. The company is involved in cruise ship passenger transport, scenic area tourism services, hotels, and road travel passenger transport, and taxi businesses. Guilin Tourism Corporation Limited was founded in 1998 and is headquartered in Guilin, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Guilin Tourism Corporation reported revenue of ¥440M in FY2025 versus ¥239M in FY2021, a compound +16.5%/yr. Reported net income was ¥11.0M in FY2025.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
440M CNY
Latest YoY
+2.0%
Avg. growth/yr (3Y) 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.
+50.4%
Avg. growth/yr (5Y) 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.
+11.5%
Avg. growth/yr (28Y) 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.
+3.0%
Revenue +16.5%/yr
FY21 ¥239M
FY22 ¥129M
FY23 ¥467M
FY24 ¥432M
FY25 ¥440M
Net income
FY21 −¥213M
FY22 −¥282M
FY23 ¥11.8M
FY24 −¥204M
FY25 ¥11.0M

000978 screens 78% overvalued. Compare with Marriott International, Inc →

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Cite: Fair Value Calculator (2026). "Guilin Tourism Corporation Fair Value". https://www.fairvalue-calculator.com/stock/000978

Peer Group

Lodging · 168 stocks

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.

Quality Score 49 · Below median
Fair Value upside −78% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) -5% · Bottom 25%
Revenue growth 16% · Top 25%
Debt / equity 0.66× · Higher than 75% of peers

Valuation Multiples vs Lodging median · lower = cheaper

P/E (TTM) 195.7× · Pricier than 75% of peers
P/B 2.54× · Pricier than 75% of peers
P/S (TTM) 6.07× · Pricier than 75% of peers
P/FCF 5.7× · Pricier than median
EV/EBITDA 27.6× · Pricier than 75% of peers
PEG 0.90× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 1
FUTURE 78 · sector 18
PAST 4 · sector 11
HEALTH 67 · sector 90
DIVIDEND 0 · sector 23

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

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Lodging stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Marriott International, Inc MAR $369.05 $135.64 -63%
Hilton Worldwide Holdings HLT $328.48 $123.67 -62%
InterContinental Hotels Group IHG $159.87 $85.18 -47%
Hyatt Hotels Corporation H $191.00 $47.69 -75%
H World Group HTHT $42.67 $47.55 +11%
Accor SA AC €47.25 €39.26 -17%
The Indian Hotels Company INDHOTEL ₹743.20 ₹260.68 -65%
Wyndham Hotels & Resorts, Inc WH $78.54 $24.02 -69%
Hanjin Kal, 180640 113,500 KRW 36,890 KRW -67%
Jabal Omar Development Company 4250 16.00 SAR 11.64 SAR -27%

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Frequently asked questions

Is Guilin Tourism Corporation (000978) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of ¥1.34 versus a price of ¥6.17, about −78% (overvalued).
What is the fair value of 000978?
Our model-based fair value for Guilin Tourism Corporation is ¥1.34 (as of Jul 21, 2026), built from audited fundamentals. The current price is ¥6.17.
What is the quality score of 000978?
Guilin Tourism Corporation has a Quality Score of 49/100. 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 revenue of Guilin Tourism Corporation (000978)?
Guilin Tourism Corporation reported trailing-twelve-month revenue of about 453M CNY (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 000978?
The net profit margin of Guilin Tourism Corporation is about 2.7%, meaning it keeps roughly 2.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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