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China Ruyi Holdings (0136) Fair Value & Analysis

Communication Services · HK · Market cap HK$23.2B

CR China Ruyi Holdings 0136 · HK
PriceHK$1.51
Fair ValueHK$2.09
Upside+38.9%
Quality39/100
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Mixed Growth
Highly profitable · 53.7% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/13)
Narrow moat 38/100
Evidence: High Range HK$1.51 – HK$2.57 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 8 days ago

Share price −4.1% over the past month.

Below-average quality, screening 39% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • Our model range runs from HK$1.51 (bear) to HK$2.57 (bull), base HK$2.09. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 39/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$11.78 HK$1.23 Fair Value HK$2.09 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range HK$1.23 – HK$11.78 · fair‑value band HK$1.51 – HK$2.57 · the HK$1.51 price screens below the HK$2.09 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

China Ruyi Holdings (0136) currently trades at HK$1.51, while our model-based Fair Value estimate is HK$2.09, implying the stock looks roughly 38.9% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, China Ruyi Holdings generated revenue of HK$3.3B at a net margin of 53.7%. Revenue declined 37.9% year over year. It earns a return on equity of 8.9%. The balance sheet holds a net cash position of HK$3.6B. Fundamentals as of Aug 2, 2026

Our scenario range runs from HK$1.51 (bear case) to HK$2.57 (bull case); at HK$1.51, the current price sits below 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 57% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at 39%, 0136 screens cheaper 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.

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 HK$0.8300 HK$1.38 HK$2.27 80
Residual Income HK$1.25 HK$1.33 HK$1.47 76
Rev-Margin DCF HK$0.6200 HK$0.8400 HK$1.30 74
All 26 models by family
DCF Models
FCF DCF HK$0.8700 HK$1.21 HK$2.28 38
Owner Earnings HK$3.47 HK$7.55 HK$16.10 31
5Y Revenue Exit HK$0.5900 HK$0.7700 HK$1.14 39
5Y EBITDA Exit HK$1.79 HK$3.19 HK$5.95 41
5Y P/E Exit HK$1.88 HK$4.20 HK$7.42 38
10Y Revenue Exit HK$0.6700 HK$1.02 HK$1.21 36
10Y EBITDA Exit HK$1.55 HK$3.60 HK$7.34 37
10Y P/E Exit HK$1.62 HK$3.81 HK$7.54 35
Earnings-Based
Graham-Dodd HK$0.7900 HK$5.48 HK$7.69 54
Lynch FV HK$2.67 HK$3.82 HK$4.96 50
PEG = 1.0 HK$2.67 HK$3.82 HK$4.96 46
EPV HK$1.20 HK$1.35 HK$1.48 59
Dividend Discount
Gordon GGM HK$0.0100 HK$0.0100 70
DDM Multi-Stage HK$0.0100 61
Multiples
P/E Multiple HK$1.91 HK$2.54 HK$3.18 63
P/S Multiple HK$0.1900 HK$0.2600 HK$0.3200 58
P/B Multiple HK$1.47 HK$1.96 HK$2.46 55
EV/EBIT HK$1.72 HK$2.20 HK$2.68 53
EV/EBITDA HK$2.06 HK$2.66 HK$3.25 54
EV/Revenue HK$0.4600 HK$0.5400 HK$0.6200 43
Asset-Based
NCAV (Graham) HK$0.7700 HK$1.03 HK$1.54 50
Growth DCF
Growth DCF HK$0.8300 HK$1.38 HK$2.27 80
Rev-Margin DCF HK$0.6200 HK$0.8400 HK$1.30 74
Economic Profit
Residual Income HK$1.25 HK$1.33 HK$1.47 76
ROIC Compounder HK$1.20 HK$1.35 HK$1.48 72
Growth Earnings
Growth-Adj P/E HK$3.59 HK$5.12 HK$6.66 68

Widest divergence: Growth Earnings (HK$5.12) versus Dividend Discount (HK$0.0100). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$3.3B
Revenue growth (YoY) -37.9%
Net margin 53.7%
Return on equity 8.9%
Free cash flow HK$542M FY2025
P/E ratio 11.5
More key figures
Operating margin -30.8%
EPS (TTM) HK$0.0800
EPS growth (YoY) +25.2%
Net cash HK$3.6B FY2025

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 46 · Market factors (momentum, volatility) 26

Profitability 38
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 56
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 0
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

China Ruyi Holdings Limited, an investment holding company, engages in content production and online streaming business in the People's Republic of Mainland China, Hong Kong, Europe, and internationally. It operates through three segments: Content Production Business; Online Streaming and Online Gaming Business; and Other Businesses.

Full company description

China Ruyi Holdings Limited, an investment holding company, engages in content production and online streaming business in the People's Republic of Mainland China, Hong Kong, Europe, and internationally. It operates through three segments: Content Production Business; Online Streaming and Online Gaming Business; and Other Businesses. The company is involved in radio television programme production, and distribution of film and television dramas; audiovisual program service; commercial internet cultural activities; and value-added telecommunication services. It also manufactures, sells, and trades accessories for photographic, electrical, and multimedia products; develops a mobile games business; and provides data processing, Internet community, technology development, promotion, and transfer consulting and services. The company was formerly known as HengTen Networks Group Limited and changed its name to China Ruyi Holdings Limited in January 2022. China Ruyi Holdings Limited was incorporated in 1997 and is based in Causeway Bay, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Ruyi Holdings reported revenue of HK$3.3B in FY2025 versus HK$2.3B in FY2021, a compound +9.6%/yr. Reported net income was HK$1.8B in FY2025, compounding +11.2%/yr from FY2021.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
HK$3.3B
Latest YoY
−8.9%
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.
+36.3%
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.
+70.8%
Avg. growth/yr (26Y) 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.
+11.2%
Revenue +9.6%/yr
FY21 HK$2.3B
FY22 HK$1.3B
FY23 HK$3.6B
FY24 HK$3.7B
FY25 HK$3.3B
Net income +11.2%/yr
FY21 HK$1.2B
FY22 HK$790M
FY23 HK$690M
FY24 −HK$191M
FY25 HK$1.8B

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Cite: Fair Value Calculator (2026). "China Ruyi Holdings Fair Value". https://www.fairvalue-calculator.com/stock/0136

Peer Group

Entertainment · 265 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 39 · Bottom 25%
Fair Value upside +39% · Top 25%
Return on equity (TTM) 9% · Top 25%
Return on assets 1% · Above median
Net margin (TTM) 54% · Top 25%
Operating margin (TTM) -31% · Bottom 25%
Revenue growth -38% · Bottom 25%
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Entertainment median · lower = cheaper

P/E (TTM) 11.5× · Cheaper than median
P/B 0.97× · Cheaper than median
P/S (TTM) 6.93× · Pricier than 75% of peers
P/FCF 5.4× · Pricier than median
EV/EBITDA 35.0× · Pricier than 75% of peers

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 85 · sector 6
FUTURE 0 · sector 10
PAST 36 · sector 0
HEALTH 96 · sector 97
DIVIDEND 0 · sector 44

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 Entertainment stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is China Ruyi Holdings (0136) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of HK$2.09 versus a price of HK$1.51, about +39% (undervalued).
What is the fair value of 0136?
Our model-based fair value for China Ruyi Holdings is HK$2.09 (as of Aug 2, 2026), built from audited fundamentals. The current price is HK$1.51.
What is the quality score of 0136?
China Ruyi Holdings has a Quality Score of 39/100. 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 China Ruyi Holdings (0136)?
China Ruyi Holdings reported trailing-twelve-month revenue of about HK$3.3B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 0136?
The net profit margin of China Ruyi Holdings is about 53.7%, meaning it keeps roughly 53.7% 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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