Emperor Culture Group (0491) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Emperor Culture Group HK$0.07, price HK$0.02, upside +185.8%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 11, 2026.
How to read this chart
60‑month range HK$0.0210 – HK$0.1620 · fair‑value band HK$0.0374 – HK$0.1214 · the HK$0.0240 price screens below the HK$0.0686 fair value. Dashed = 300-day average. As of Oct 11, 2026.
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Emperor Culture Group Limited, an investment holding company, engages in the entertainment, media, and cultural development businesses in Mainland China, Hong Kong, Macau, and the rest of Asia Pacific. The company operates through two segments: Cinema Operation and Investments in Films. The company develops and operates cinemas; and invests in films.
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Emperor Culture Group Limited, an investment holding company, engages in the entertainment, media, and cultural development businesses in Mainland China, Hong Kong, Macau, and the rest of Asia Pacific. The company operates through two segments: Cinema Operation and Investments in Films. The company develops and operates cinemas; and invests in films. It operates cinemas under the Emperor Cinemas, and Emperor Cinemas Plus+. The company was formerly known as See Corporation Limited and changed its name to Emperor Culture Group Limited in June 2017. Emperor Culture Group Limited was incorporated in 1992 and is headquartered in Wan Chai, Hong Kong. Emperor Culture Group Limited is a subsidiary of Emperor Culture Group Holdings Limited.
Stock analysis
Emperor Culture Group (0491) currently trades at HK$0.0240, while our model-based Fair Value estimate is HK$0.0686, implying the stock looks roughly 65.0% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of HK$0.4200 per share, and 6 of the 12 models we run sit above the HK$0.0240 price.
Bear case: the Earnings-Based group reads lowest at HK$0.0100, and 6 of the 12 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.0374 (bear) to HK$0.1214 (bull), the price of HK$0.0240 sits below 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 51/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Emperor Culture Group reported revenue of HK$511M in FY2026 versus HK$307M in FY2022, a compound +13.6%/yr. Reported net income was HK$1.3M in FY2026.
Key figures
Market cap HK$77.2M (≈ $9.8M) · P/E ratio 0.6 · EPS (TTM) HK$−0.0300 · Net margin 0.2% · Return on assets (EBIT) −13.0% · Operating margin −6.9% · Revenue (TTM) HK$511M · Revenue growth (YoY) +3.2%.
What moves the price
The share trades about 38% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −2% fair-value upside, at 186%, 0491 screens cheaper than that median.
Fair Value models
Bear HK$0.0374Fair Value HK$0.0686Bull HK$0.1214
Price HK$0.0240 · Upside +185.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.
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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.4%
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.
+3.9%
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.
+21.5%
Start year 2021 (pandemic). Over 10 years: +35.6% a year
Revenue growth 26 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.
+1.5%
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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.
−93.6% (2021) → −5.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
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).
+30.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Hong Kong: IMF forecast 2.1% a year to 2030, 1.8% from 2016 to 2025) that is about +28.1% a year for the price.
Price, fair value, quality and upside side by side.
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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 · 228 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Above median
Fair Value upside+185.8% · Top 25%
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−4.1% · Bottom 25%
Net margin (TTM)0.3% · Below median
Operating margin (TTM)−6.9% · Below median
Growth and dividend
Revenue growth3.2% · Below median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Entertainment median · lower = cheaper
P/E (TTM)0.6× · Cheapest 25%
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)100· sector 33
FUTURE (revenue growth)16· sector 29
PAST (return on equity)0· sector 6
HEALTH (low debt)0· sector 96
DIVIDEND (yield)0· sector 49
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Emperor Culture Group Fair Value". https://www.fairvalue-calculator.com/stock/0491
Frequently asked questions
Is Emperor Culture Group (0491) overvalued or undervalued?
As of Oct 11, 2026, our model estimates a fair value of HK$0.0686 versus a price of HK$0.0240, about +186% upside (undervalued).
What is the fair value of 0491?
Our model-based fair value for Emperor Culture Group is HK$0.0686 (as of Oct 11, 2026), built from audited fundamentals. The current price: HK$0.0240.
What is the quality score of 0491?
Emperor Culture Group has a Quality Score of 51/100. 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 Emperor Culture Group (0491)?
Our model-based price target is the fair value of HK$0.0686 (as of Oct 11, 2026) from 16 valuation models. Cautious scenario HK$0.0374, optimistic scenario HK$0.1214. It is a calculation from audited fundamentals, not an analyst target.
What is the Emperor Culture Group stock forecast for 2026?
Our models put fair value at HK$0.0686, about +186% upside versus a price of HK$0.0240 (undervalued). Cautious scenario HK$0.0374, optimistic scenario HK$0.1214. The calculation is refreshed regularly with new filings.
What is the revenue of Emperor Culture Group (0491)?
Emperor Culture Group reported trailing-twelve-month revenue of about HK$511M (latest available figure, as of Oct 11, 2026).
What growth is priced into Emperor Culture Group (0491)?
For today's price to be fair in a discounted-cash-flow model, Emperor Culture Group would have to grow free cash flow by +30.8 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.5 % per year. As of Oct 11, 2026.
What discount rate (WACC) does the fair value of 0491 use?
Our models discount Emperor Culture Group at 9.7 %: a base by market capitalisation (nano), damped by beta 0.79, country premium for Hong Kong. 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 Emperor Culture Group that is +30.8 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Emperor Culture Group (0491) delivered so far?
Over the past 5 years revenue at Emperor Culture Group grew +21.5 % a year. The price currently implies +30.8 % 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 Emperor Culture Group (0491) growing?
The median revenue growth in the sector is +3.5 % a year. That is the yardstick for the growth priced into Emperor Culture Group (+30.8 % 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 Emperor Culture Group (0491)?
The free-cash-flow yield on the price is 20.26 %: that much free cash flow Emperor Culture Group produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Emperor Culture Group (0491)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Emperor Culture Group it is HK$0.0686 per share (as of Oct 11, 2026), against a price of HK$0.0240. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Emperor Culture Group stock overvalued or undervalued in 2026?
As of Oct 11, 2026, 0491 trades below its calculated fair value: price HK$0.0240, fair value HK$0.0686, a gap of about +186% (undervalued). 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 0491?
No. The price is what the market pays today (HK$0.0240); the fair value is what the company's own numbers justify (HK$0.0686). For Emperor Culture Group the two are HK$0.0446 per share apart. That gap is exactly why we show both numbers side by side.
How much is Emperor Culture Group worth?
The market values Emperor Culture Group at about HK$77.2M (market capitalisation, as of Oct 11, 2026). Per share that is HK$0.0240; our models calculate a fair value of HK$0.0686 per share.
What do the bullish and bearish scenarios say about 0491?
Our models span a range for Emperor Culture Group: cautious scenario HK$0.0374, base HK$0.0686, optimistic HK$0.1214 per share (as of Oct 11, 2026, price HK$0.0240). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0491?
Emperor Culture Group trades at a price-to-earnings ratio of 0.6 (as of Oct 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.0686 is built from several models across several years.
How solid is the balance sheet of Emperor Culture Group (0491)?
Balance-sheet figures for Emperor Culture Group (as of Oct 11, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 0491 from its 52-week high?
Emperor Culture Group trades at HK$0.0240, about 38% below its 52-week high of HK$0.0390 and 9% above the low of HK$0.0220 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.0686 is for.
Which stocks are comparable to Emperor Culture Group?
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 Emperor Culture Group stock attractive at the current price?
The data as of Oct 11, 2026: price HK$0.0240, calculated fair value HK$0.0686 (+186%), Quality Score 51/100, from 16 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 0491 calculated?
We run Emperor Culture Group through 16 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 HK$0.0686, 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 14.9 % above its aggregate fair value. Emperor Culture Group currently trades 65 % below its own fair value, and the market average says nothing about that. 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 Emperor Culture Group (0491)?
The closing price on Oct 9, 2026 was HK$0.0240. Our model-based fair value is HK$0.0686, about +186% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Emperor Culture Group right now?
The price is below even our cautious bear case (HK$0.0374). The market is more pessimistic than our downside scenario. The model range is unusually wide (HK$0.0374 to HK$0.1214). 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. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Emperor Culture Group
How large is the market capitalisation of Emperor Culture Group (0491)?
The market capitalisation of Emperor Culture Group is HK$77.2M (≈ $9.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Emperor Culture Group (0491)?
Earnings per share at Emperor Culture Group are HK$−0.0300 (price ÷ EPS = P/E 0.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Emperor Culture Group (0491)?
The net margin of Emperor Culture Group is 0.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Emperor Culture Group (0491)?
On an EBIT basis the return on assets of Emperor Culture Group is −13.0% (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 Emperor Culture Group (0491)?
The operating margin of Emperor Culture Group is −6.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Emperor Culture Group (0491)?
Revenue at Emperor Culture Group is growing +3.2% versus a year earlier (3y avg +3.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Emperor Culture Group (0491) carry?
The net debt of Emperor Culture Group is HK$1.7B (fiscal year 2026). 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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