Mei Ah Entertainment Group Ltd (0391) Fair Value & Analysis

Communication Services · HK · Market cap HK$592M (≈ $75.5M) · ISIN BMG5964A1523

What is Mei Ah Entertainment Group Ltd really worth?

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 →

What matters now

• The price sits above even our optimistic bull case (HK$0.0400). The favourable scenario is already priced in.
• Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The model range is unusually wide (HK$0.0100 to HK$0.0400). 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.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range HK$0.0700 – HK$0.3150 · fair‑value band HK$0.0100 – HK$0.0400 · the HK$0.3150 price screens above the HK$0.0300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 20, 2026.

Full chart & analysis →

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Analysis

Mei Ah Entertainment Group Ltd (0391) currently trades at HK$0.3150, while our model-based Fair Value estimate is HK$0.0300, implying the stock looks roughly 950.4% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Communication Services sector. Bull case: the Multiples group reads highest at a median of HK$0.0500 per share, and 0 of the 11 models we run sit above the HK$0.3150 price. Bear case: the Dividend Discount group reads lowest at HK$0.0100, and 11 of the 11 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Mei Ah Entertainment Group Ltd generated revenue of HK$75.7M at a net margin of −48.9%. Revenue declined 42.6% year over year. It earns a return on equity of −14.3%. Net debt stands at HK$177M. Fundamentals as of Aug 20, 2026

Our scenario range runs from HK$0.0100 (bear case) to HK$0.0400 (bull case); at HK$0.3150, 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. For context, the median of 10 Communication Services peers we cover trades at −51% fair-value upside, at −90%, 0391 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Widest divergence: Multiples (HK$0.0500) versus Dividend Discount (HK$0.0100). Highest evidence: FCF DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Mei Ah Entertainment Group Limited, an investment holding company, engages in channel operation business primarily in Hong Kong, Mainland China, and Taiwan.

Full company description

Mei Ah Entertainment Group Limited, an investment holding company, engages in channel operation business primarily in Hong Kong, Mainland China, and Taiwan. It operates through Channel Operations; Film Exhibition and Film Rights Licensing and Sublicensing; Cinema Operations; Concert Performance and Events Organization; Subcontracting Service for the Manufacturing and Sale of Consumer Products; and Property Investment segments. The company is also involved in artist management; applications and video online; and sale and distribution of films and programs in audio visual product format. In addition, it produces films and tele-features; and provides corporate management services. The company was founded in 1984 and is headquartered in Kowloon, Hong Kong.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mei Ah Entertainment Group Ltd reported revenue of HK$110M in FY2025 versus HK$95.6M in FY2021, a compound +3.7%/yr. Reported net income was −HK$56.7M in FY2025.

0391 screens 950% overvalued. Compare with Netflix, Inc →

Peer Group

Entertainment · 251 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 Multiples vs Entertainment median · lower = cheaper

Strength profile in five axes (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: 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.

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