Kingnet Network Co Ltd (002517) fair value: what the stock is really worth
We calculate from audited financials what Kingnet Network Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Communication Services · CN · Market cap 31.9B CNY (≈ $4.8B) · ISIN CNE100000XB5
At a glance
KNKingnet Network Co Ltd002517 · SHE
Price¥17.73
Fair Value¥12.86
Upside−27.5%
Quality68/100
A solid business, but trading 38% above our fair value of ¥12.86.
As of Aug 13, 2026, the fair value of Kingnet Network Co Ltd is ¥12.86 per share against a price of ¥17.73, so the fair value sits 27% below the price. A model estimate from reported figures, not an analyst target.
✓Healthy Growth (revenue 5y +28.1 %/yr)
✓Highly profitable · 35.0% net margin
✓generates free cash flow
·0.56% dividend yield
!Mixed vs. peers (6/13)
✓Wide moat 85/100
!The models disagree: range ¥9.78 to ¥31.93
!Weak on dividend: 11 out of 100
Evidence: HighRange ¥9.78 to ¥31.93
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 26 days ago
Fair value updated Aug 13, 2026, revised from ¥15.15 to ¥12.86 (−15.1%) since Jul 22, 2026. Share price −1.1% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The model range is unusually wide (¥9.78 to ¥31.93). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ¥3.61 – ¥28.80 · fair‑value band ¥9.78 – ¥31.93 · the ¥17.73 price screens above the ¥12.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Kingnet Network Co Ltd (002517) currently trades at ¥17.73, while our model-based Fair Value estimate is ¥12.86, implying the stock looks roughly 37.9% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Communication Services sector. Bull case: the Growth Earnings group reads highest at a median of ¥24.56 per share, and 11 of the 26 models we run sit above the ¥17.73 price. Bear case: the Dividend Discount group reads lowest at ¥1.61, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Kingnet Network Co Ltd generated revenue of 6.2B CNY at a net margin of 35.0%. Revenue grew 64.2% year over year. It earns a return on equity of 25.0%. The balance sheet holds a net cash position of 3.2B CNY. Fundamentals as of Aug 13, 2026
Scenario range: ¥9.78 (bear) to ¥31.93 (bull), the price of ¥17.73 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 41% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at −46% fair-value upside, at −27%, 002517 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (¥0.6352 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio17.4
P/S ratio6.21P/E × margin
EPS (TTM)¥1.02price ÷ EPS = P/E 17.4
Dividend yield0.6%payout 9.8%
Net margin35.7%FY2025
Return on equity25.0%TTM
More key figures
Profitability
Return on assets (EBIT)21.0%avg 5y
Operating margin29.7%TTM
Growth
Revenue (TTM)6.2B CNYTTM
Revenue growth (YoY)+64.2%3y avg +12.6%
EPS growth (YoY)+54.2%
Balance sheet & cash flow
Free cash flow2.1B CNYFY2025
Net cash3.2B CNYFY2024
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality68/100
Of which business quality 69
· Market factors (momentum, volatility) 36
Profitability67
Margins and returns on capital today
Quality Growth24
Are margins and returns improving?
Cashflow86
Earnings quality: real cash, not paper profit
Fin. Strength100
Balance sheet, leverage, solvency risk
Investment32
Disciplined investing over empire-building
Low Volatility50
Calm price path (market factor)
Momentum34
Price trend over the last 3–12 months (market factor)
52W Momentum24
Distance to the 52-week high (market factor)
Net Issuance73
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Kingnet Network Co., Ltd. engages in the development, operation, and distribution of mobile and operations in China and internationally.
Full company description
Kingnet Network Co., Ltd. engages in the development, operation, and distribution of mobile and operations in China and internationally. The company offers and operates game brands and Ips, including Gods of War: Shadow Princess (MMO game for iOS and Android in Hong Kong, Macau, and Taiwan), Original Legend, Angel War, Eternal Alliance, Chinese Paladin (A New Beginning), Mobile Suit Gundam Series, OVERLORD Nobunaga's Ambition(The Way of Heaven), Legend of Sword and Fairy, Gu Long Heroes (Gu Long's martial arts series novels), Red Moon, Xuan-Yuan Sword, Hope 0L, Legend of Wonderland, Black Cat Sheriff, Monopoly, Sui Shi Ling (Chinese traditional culture festival IP), and Baigongling (traditional Chinese handicrafts IP). It also serves a broad user base through its online and offline distribution channels, including domestic and international platforms, multimedia account matrices, live broadcast, and short video incubation businesses. In addition, the company offers internet technology and animation products. The company was founded in 2000 and is based in Shanghai, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Kingnet Network Co Ltd reported revenue of 5.3B CNY in FY2025 versus 2.4B CNY in FY2021, a compound +22.4%/yr. Reported net income was 1.9B CNY in FY2025, compounding +34.8%/yr from FY2021.
Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
5.3B CNY
Latest YoY
+4.0%
Avg. revenue 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.
+12.6%
Avg. revenue 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.
+28.1%
Avg. revenue growth/yr (18Y) ⓘ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.
+19.0%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+38.9%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+38.3%
Dividend yield0.6%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 38.3% vs 10Y 10.3%, picking up
Operating margin (EBIT) ⓘ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.−81.0% (2019) → 35.6% (2025) · rising
Worst earnings drop217% (2019) (loss year, drop beyond 100%) · in CNY
Revenue+22.4%/yr
FY212.4B CNY
FY223.7B CNY
FY234.3B CNY
FY245.1B CNY
FY255.3B CNY
Net income+34.8%/yr
FY21577M CNY
FY221.0B CNY
FY231.5B CNY
FY241.6B CNY
FY251.9B CNY
Character of growth · EPS growth decomposed (2013-2024)+14.8 % p.a.
Revenue per share+9.9 %
of which total revenue +16.1 % · buybacks/dilution −5.4 %
EBIT margin+6.2 %
Tax rate−0.3 %
Residual (interest, one-offs)−1.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kingnet Network Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/002517
Peer Group
Electronic Gaming & Multimedia · 150 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.
Valuation
Quality Score68 · Above median
Fair Value upside−26% · Below median
Profitability
Return on equity (TTM)25% · Top 25%
Return on assets11% · Top 25%
Net margin (TTM)35% · Top 25%
Operating margin (TTM)30% · Top 25%
Growth and dividend
Revenue growth64% · Top 25%
Dividend yield (TTM)0.6% · Bottom 25%
Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper
P/E (TTM)17.4× · Pricier than median
P/B3.22× · Priciest 25%
P/S (TTM)5.14× · Priciest 25%
P/FCF2.2× · Pricier than median
EV/EBITDA13.8× · Pricier than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Kingnet Network Co Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+5.4 % per year
Achieved revenue growth, 5 years+28.1 % p.a.
Sector median revenue growth+1.9 %
FCF yield on price5.62 %
Discount rate (WACC) in the models10.0 %
The price demands less growth than the company recently delivered: even a weaker business would justify the price. Ranking of the largest stocks →
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.
This stockSector peers
VALUE0· sector 24
FUTURE100· sector 6
PAST100· sector 15
HEALTH0· sector 100
DIVIDEND11· sector 57
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
Similar stocks
10 more Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
Is Kingnet Network Co Ltd (002517) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ¥12.86 versus a price of ¥17.73, about −27% upside (overvalued).
What is the fair value of 002517?
Our model-based fair value for Kingnet Network Co Ltd is ¥12.86 (as of Aug 13, 2026), built from audited fundamentals. The current price: ¥17.73.
What is the quality score of 002517?
Kingnet Network Co Ltd has a Quality Score of 68/100. 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 Kingnet Network Co Ltd (002517)?
Our model-based price target is the fair value of ¥12.86 (as of Aug 13, 2026) from 26 valuation models. Cautious scenario ¥9.78, optimistic scenario ¥31.93. It is a calculation from audited fundamentals, not an analyst target.
What is the Kingnet Network Co Ltd stock forecast for 2026?
Our models put fair value at ¥12.86, about −27% upside versus a price of ¥17.73 (overvalued). Cautious scenario ¥9.78, optimistic scenario ¥31.93. The calculation is refreshed regularly with new filings.
What is the revenue of Kingnet Network Co Ltd (002517)?
Kingnet Network Co Ltd reported trailing-twelve-month revenue of about 6.2B CNY (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 002517?
The net profit margin of Kingnet Network Co Ltd is about 35.0%, meaning it keeps roughly 35.0% of revenue as net income. Based on the latest reported figures.
Does Kingnet Network Co Ltd pay a dividend?
Kingnet Network Co Ltd currently shows a dividend yield of about 0.56% relative to its recent price (as of Aug 13, 2026).
What growth is priced into Kingnet Network Co Ltd (002517)?
For today's price to be fair in a discounted-cash-flow model, Kingnet Network Co Ltd would have to grow free cash flow by +5.4 % per year for ten years (discount rate 10.0 %, then 2 % perpetual growth). Over the last 5 years revenue grew +28.1 % per year. As of Aug 13, 2026.
What discount rate (WACC) does the fair value of 002517 use?
Our models discount Kingnet Network Co Ltd at 10.0 %: a base by market capitalisation (mid), damped by beta 0.84, country premium for China. The same rate applies in all 26 models.
What is the intrinsic value of Kingnet Network Co Ltd (002517)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kingnet Network Co Ltd it is ¥12.86 per share (as of Aug 13, 2026), against a price of ¥17.73. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Kingnet Network Co Ltd stock overvalued or undervalued in 2026?
As of Aug 13, 2026, 002517 trades above its calculated fair value: price ¥17.73, fair value ¥12.86, a gap of about −27% (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 002517?
No. The price is what the market pays today (¥17.73); the fair value is what the company's own numbers justify (¥12.86). For Kingnet Network Co Ltd the two are ¥4.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kingnet Network Co Ltd worth?
The market values Kingnet Network Co Ltd at about 31.9B CNY (market capitalisation, as of Aug 13, 2026). Per share that is ¥17.73; our models calculate a fair value of ¥12.86 per share.
What do the bullish and bearish scenarios say about 002517?
Our models span a range for Kingnet Network Co Ltd: cautious scenario ¥9.78, base ¥12.86, optimistic ¥31.93 per share (as of Aug 13, 2026, price ¥17.73). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 002517?
Kingnet Network Co Ltd trades at a price-to-earnings ratio of 17.4 (as of Aug 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ¥12.86 is built from several models across several years. Other multiples: P/B 3.2, P/S 5.1, EV/EBITDA 13.8.
How solid is the balance sheet of Kingnet Network Co Ltd (002517)?
Balance-sheet figures for Kingnet Network Co Ltd (as of Aug 13, 2026): return on equity 25.0%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 002517 from its 52-week high?
Kingnet Network Co Ltd trades at ¥17.73, about 41% below its 52-week high of ¥30.29 and 26% above the low of ¥14.08 (as of Aug 13, 2026). Distance from the high says nothing about value: that is what the fair value of ¥12.86 is for.
Which stocks are comparable to Kingnet Network Co Ltd?
From the same area (Communication Services) we also value Konami Group, NetEase, Inc, Electronic Arts Inc, Take-Two Interactive Software, Inc, 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 Kingnet Network Co Ltd stock attractive at the current price?
The data as of Aug 13, 2026: price ¥17.73, calculated fair value ¥12.86 (−27%), Quality Score 68/100, from 26 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 002517 calculated?
We run Kingnet Network Co Ltd through 26 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 ¥12.86, with the spread shown as a cautious and an optimistic scenario.
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