International Entertainment Corp (1009) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of International Entertainment Corp stock HK$2.06, price HK$1.13, upside +82.3%, quality 48 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 of our 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. As of Nov 12, 2026.
How to read this chart
60‑month range HK$0.1400 – HK$1.83 · fair‑value band HK$1.40 – HK$3.12 · the HK$1.13 price screens below the HK$2.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 12, 2026.
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International Entertainment Corporation, an investment holding company, engages in the leasing of gaming venues at the hotel and casino complex in the Philippines. The company operates through Hotel Operation, Gaming Operation, and Live Events segments.
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It also operates hotels, which offers fitness centers, swimming pools, spa services, business centers, and meeting rooms, as well as fine dining, casual restaurants, and room and personalized services.
The company was formerly known as Cyber On-Air Group Company Limited and changed its name to International Entertainment Corporation in December 2004. International Entertainment Corporation was founded in 1998 and is headquartered in Central, Hong Kong.
Stock analysis
International Entertainment Corp (1009) currently trades at HK$1.13, while our model-based Fair Value estimate is HK$2.06, implying the stock looks roughly 45% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$2.06 per share, and 5 of the 9 models we run sit above the HK$1.13 price.
Bear case: the Multiples group reads lowest at HK$0.4300, and 4 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$1.40 (bear) to HK$3.12 (bull), the price of HK$1.13 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 48/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
International Entertainment Corp reported revenue of HK$853M in FY2026 versus HK$85.5M in FY2022, a compound +77.7%/yr. Reported net income was −HK$486M in FY2026.
Key figures
Market cap HK$1.5B (≈ $197M) Micro · P/S ratio 2.35 · EPS (TTM) HK$−0.1400 · Net margin −57.1% · Return on equity −96.0% · Return on assets (EBIT) −0.1% (5-year average) · Operating margin 9.6% · Revenue (TTM) HK$673M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 19 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −14% fair-value upside, at 82%, 1009 screens cheaper than that median.
Fair Value models
BearHK$1.40Fair Value HK$2.06BullHK$3.12
Price HK$1.13 · Upside +82.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+118.0%
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.
+60.2%
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.
+67.4%
Start year 2021 (pandemic). Over 10 years: +9.9% a year
Revenue growth 25 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.
+18.8%
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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.
−22.7% (2021) → 3.1% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less 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).
+28.2%
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 +25.6% a year for the price.
Compare International Entertainment Corp with another stock
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.Real Estate Services · 477 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Bottom 25%
Fair Value upside+82.3% · Above median
Profitability
Return on assets−15.2% · Bottom 25%
Net margin (12 months)−72.3% · Bottom 25%
Operating margin (12 months)9.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)50.1% · Top 25%
Balance sheet
Debt / equity1.61× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/B6.43× · Priciest 25%
P/S (12 months)2.30× · Cheaper than median
Price / free cash flow (fiscal year)18.3× · Pricier than median
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). "International Entertainment Corp Fair Value". https://www.fairvalue-calculator.com/stock/1009
Frequently asked questions
Is International Entertainment Corp (1009) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of HK$2.06 versus a price of HK$1.13, about +82% upside (undervalued).
What is the fair value of 1009?
Our model-based fair value for International Entertainment Corp is HK$2.06 (as of Nov 12, 2026), built from audited fundamentals. The current price: HK$1.13.
What is the quality score of 1009?
International Entertainment Corp has a Quality Score of 48/100. 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 International Entertainment Corp (1009)?
Our model-based price target is the fair value of HK$2.06 (as of Nov 12, 2026) from 9 valuation models. Cautious scenario HK$1.40, optimistic scenario HK$3.12. It is a calculation from audited fundamentals, not an analyst target.
What is the International Entertainment Corp stock forecast for 2026?
Our models put fair value at HK$2.06, about +82% upside versus a price of HK$1.13 (undervalued). Cautious scenario HK$1.40, optimistic scenario HK$3.12. The calculation is refreshed regularly with new filings.
What is the revenue of International Entertainment Corp (1009)?
International Entertainment Corp reported trailing-twelve-month revenue of about HK$673M (latest available figure, as of Nov 12, 2026).
What growth is priced into International Entertainment Corp (1009)?
For today's price to be fair in a discounted-cash-flow model, International Entertainment Corp would have to grow free cash flow by +28.2 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +67.4 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of 1009 use?
Our models discount International Entertainment Corp at 12.4 %: a base by market capitalisation (micro), damped by beta 0.74, 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 International Entertainment Corp that is +28.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has International Entertainment Corp (1009) delivered so far?
Over the past 5 years revenue at International Entertainment Corp grew +67.4 % a year. The price currently implies free-cash-flow growth of +28.2 % per 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 International Entertainment Corp (1009) growing?
The median revenue growth in the sector is +2.8 % a year. That is the yardstick for the growth priced into International Entertainment Corp (+28.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of International Entertainment Corp (1009)?
The free-cash-flow yield on the price is 5.45 %: that much free cash flow International Entertainment Corp produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of International Entertainment Corp (1009)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For International Entertainment Corp it is HK$2.06 per share (as of Nov 12, 2026), against a price of HK$1.13. It is the blended result of 9 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is International Entertainment Corp stock overvalued or undervalued in 2026?
As of Nov 12, 2026, 1009 trades below its calculated fair value: price HK$1.13, fair value HK$2.06, a gap of about +82% (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 1009?
No. The price is what the market pays today (HK$1.13); the fair value is what the company's own numbers justify (HK$2.06). For International Entertainment Corp the two are HK$0.9300 per share apart. That gap is exactly why we show both numbers side by side.
How much is International Entertainment Corp worth?
The market values International Entertainment Corp at about HK$1.5B (market capitalisation, as of Nov 12, 2026). Per share that is HK$1.13; our models calculate a fair value of HK$2.06 per share.
What do the bullish and bearish scenarios say about 1009?
Our models span a range for International Entertainment Corp: cautious scenario HK$1.40, base HK$2.06, optimistic HK$3.12 per share (as of Nov 12, 2026, price HK$1.13). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of International Entertainment Corp (1009)?
Balance-sheet figures for International Entertainment Corp (as of Nov 12, 2026): return on equity −96.0%, debt of 1.61 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 1009 from its 52-week high?
International Entertainment Corp trades at HK$1.13, about 27% below its 52-week high of HK$1.54 and 27% above the low of HK$0.8900 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$2.06 is for.
Which stocks are comparable to International Entertainment Corp?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties Limited, 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 International Entertainment Corp stock attractive at the current price?
The data as of Nov 12, 2026: price HK$1.13, calculated fair value HK$2.06 (+82%), Quality Score 48/100, from 9 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 1009 calculated?
We run International Entertainment Corp through 9 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of HK$2.06 builds on their evidence-weighted average, 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 13.9% above its aggregate fair value. International Entertainment Corp currently trades 45% 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 International Entertainment Corp (1009)?
The closing price on Nov 13, 2026 was HK$1.13. Our model-based fair value is HK$2.06, about +82% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with International Entertainment Corp right now?
The large discount to fair value meets weak quality (48/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (HK$1.40). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (HK$1.40 to HK$3.12) leaves room in how you read the outcome.
Key figures of International Entertainment Corp
How large is the market capitalisation of International Entertainment Corp (1009)?
The market capitalisation of International Entertainment Corp is HK$1.5B (≈ $197M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of International Entertainment Corp (1009)?
The price-to-sales ratio of International Entertainment Corp is 2.35 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of International Entertainment Corp (1009)?
Earnings per share at International Entertainment Corp are HK$−0.1400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of International Entertainment Corp (1009)?
The net margin of International Entertainment Corp is −57.1% (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 return on equity of International Entertainment Corp (1009)?
The return on equity (ROE) of International Entertainment Corp is −96.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of International Entertainment Corp (1009)?
On an EBIT basis the return on assets of International Entertainment Corp is −0.1% (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 International Entertainment Corp (1009)?
The operating margin of International Entertainment Corp is 9.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at International Entertainment Corp (1009)?
Revenue at International Entertainment Corp is growing +50.1% versus a year earlier (3y avg +60.2%). 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 International Entertainment Corp (1009) carry?
The net debt of International Entertainment Corp is HK$1.8B (fiscal year 2026, ≈ 20.8 yrs of FCF). 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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Nov 12, 2026