Feiyu Technology (1022) fair value: what the stock is really worth
We calculate from audited financials what Feiyu Technology 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.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range HK$0.1580 – HK$1.07 · fair‑value band HK$0.2800 – HK$0.7829 · the HK$0.3450 price screens below the HK$0.5267 fair value. Dashed = 300-day average. As of Sep 13, 2026.
Feiyu Technology International Company Ltd., an investment holding company, engages in the development, operation, and distribution of various games in Mainland China. It operates mobile, web, personal computer, console, and HTML 5 games. The company is also involved in the asset management business. Feiyu Technology International Company Ltd.
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Feiyu Technology International Company Ltd., an investment holding company, engages in the development, operation, and distribution of various games in Mainland China. It operates mobile, web, personal computer, console, and HTML 5 games. The company is also involved in the asset management business. Feiyu Technology International Company Ltd. was founded in 2009 and is headquartered in Xiamen, the People's Republic of China.
Stock analysis
Feiyu Technology (1022) currently trades at HK$0.3450, while our model-based Fair Value estimate is HK$0.5267, implying the stock looks roughly 34.5% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of HK$2.17 per share, and 23 of the 24 models we run sit above the HK$0.3450 price.
Bear case: the Asset-Based group reads lowest at HK$0.2300, and 1 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: HK$0.2800 (bear) to HK$0.7829 (bull), the price of HK$0.3450 sits inside 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 83/100 (high quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Feiyu Technology reported revenue of 810M CNY in FY2025 versus 105M CNY in FY2021, a compound +66.8%/yr. Reported net income was 105M CNY in FY2025.
Key figures
Market cap HK$604M (≈ $77.0M) · P/E ratio 4.9 · P/S ratio 0.64 · EPS (TTM) HK$0.0300 · Net margin 13.0% · Return on equity 19.0% · Return on assets (EBIT) −0.3% · Operating margin 18.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 60% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 28% fair-value upside, at 53%, 1022 screens cheaper than that median.
Fair Value models
Bear HK$0.2800Fair Value HK$0.5267Bull HK$0.7829
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.0215 per share) are deliberately not added.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 ⓘ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.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+192.8%
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.
+61.7%
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.
+47.3%
Revenue growth 14 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.
+25.7%
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What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+26.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.1%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−31% → 15%
⚠ Revenue per share shrinking 2.9%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
−21.6%
Yearly growth needed for the next five years to justify today's 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.Electronic Gaming & Multimedia · 146 stocks
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). "Feiyu Technology Fair Value". https://www.fairvalue-calculator.com/stock/1022
Frequently asked questions
Is Feiyu Technology (1022) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of HK$0.5267 versus a price of HK$0.3450, about +53% upside (undervalued).
What is the fair value of 1022?
Our model-based fair value for Feiyu Technology is HK$0.5267 (as of Sep 13, 2026), built from audited fundamentals. The current price: HK$0.3450.
What is the quality score of 1022?
Feiyu Technology has a Quality Score of 83/100. 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 Feiyu Technology (1022)?
Our model-based price target is the fair value of HK$0.5267 (as of Sep 13, 2026) from 24 valuation models. Cautious scenario HK$0.2800, optimistic scenario HK$0.7829. It is a calculation from audited fundamentals, not an analyst target.
What is the Feiyu Technology stock forecast for 2026?
Our models put fair value at HK$0.5267, about +53% upside versus a price of HK$0.3450 (undervalued). Cautious scenario HK$0.2800, optimistic scenario HK$0.7829. The calculation is refreshed regularly with new filings.
What is the revenue of Feiyu Technology (1022)?
Feiyu Technology reported trailing-twelve-month revenue of about HK$810M (latest available figure, as of Sep 13, 2026).
What growth is priced into Feiyu Technology (1022)?
For today's price to be fair in a discounted-cash-flow model, Feiyu Technology would have to grow free cash flow by -21.6 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +47.3 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 1022 use?
Our models discount Feiyu Technology at 11.8 %: a base by market capitalisation (micro), damped by beta 0.32, 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 Feiyu Technology that is -21.6 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Feiyu Technology (1022) delivered so far?
Over the past 5 years revenue at Feiyu Technology grew +47.3 % a year. The price currently implies -21.6 % 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 Feiyu Technology (1022) growing?
The median revenue growth in the sector is +2.0 % a year. That is the yardstick for the growth priced into Feiyu Technology (-21.6 % 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 Feiyu Technology (1022)?
The free-cash-flow yield on the price is 22.37 %: that much free cash flow Feiyu Technology produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Feiyu Technology (1022)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Feiyu Technology it is HK$0.5267 per share (as of Sep 13, 2026), against a price of HK$0.3450. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Feiyu Technology stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 1022 trades below its calculated fair value: price HK$0.3450, fair value HK$0.5267, a gap of about +53% (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 1022?
No. The price is what the market pays today (HK$0.3450); the fair value is what the company's own numbers justify (HK$0.5267). For Feiyu Technology the two are HK$0.1817 per share apart. That gap is exactly why we show both numbers side by side.
How much is Feiyu Technology worth?
The market values Feiyu Technology at about HK$604M (market capitalisation, as of Sep 13, 2026). Per share that is HK$0.3450; our models calculate a fair value of HK$0.5267 per share.
What do the bullish and bearish scenarios say about 1022?
Our models span a range for Feiyu Technology: cautious scenario HK$0.2800, base HK$0.5267, optimistic HK$0.7829 per share (as of Sep 13, 2026, price HK$0.3450). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1022?
Feiyu Technology trades at a price-to-earnings ratio of 4.9 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$0.5267 is built from several models across several years. Other multiples: P/B 1.0, P/S 0.7, EV/EBITDA 3.6.
How solid is the balance sheet of Feiyu Technology (1022)?
Balance-sheet figures for Feiyu Technology (as of Sep 13, 2026): return on equity 19.0%, debt of 0.13 per unit of equity. They feed the Quality Score of 83/100, which measures business quality independently of the share price.
How far is 1022 from its 52-week high?
Feiyu Technology trades at HK$0.3450, about 66% below its 52-week high of HK$1.01 and 60% above the low of HK$0.2160 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of HK$0.5267 is for.
Which stocks are comparable to Feiyu Technology?
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 Feiyu Technology stock attractive at the current price?
The data as of Sep 13, 2026: price HK$0.3450, calculated fair value HK$0.5267 (+53%), Quality Score 83/100, from 24 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 1022 calculated?
We run Feiyu Technology through 24 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$0.5267, 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 15.8 % above its aggregate fair value. Feiyu Technology currently trades 53 % 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 Feiyu Technology (1022)?
The closing price on Sep 18, 2026 was HK$0.3450. Our model-based fair value is HK$0.5267, about +53% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Feiyu Technology right now?
The rarer combination: high quality (83/100) AND below fair value. That earns a closer look rather than a quick verdict. The model range is unusually wide (HK$0.2800 to HK$0.7829). 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.
Where does the earnings growth of Feiyu Technology (1022) come from?
Earnings per share at Feiyu Technology grew −4.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.6 %, EBIT margin −7.6 %, tax rate +0.3 %, residual (interest, one-offs) +1.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Feiyu Technology
How large is the market capitalisation of Feiyu Technology (1022)?
The market capitalisation of Feiyu Technology is HK$604M (≈ $77.0M). 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 Feiyu Technology (1022)?
The price-to-sales ratio of Feiyu Technology is 0.64 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Feiyu Technology (1022)?
Earnings per share at Feiyu Technology are HK$0.0300 (price ÷ EPS = P/E 4.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Feiyu Technology (1022)?
The net margin of Feiyu Technology is 13.0% (fiscal year 2025). 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 Feiyu Technology (1022)?
The return on equity (ROE) of Feiyu Technology is 19.0% (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 Feiyu Technology (1022)?
On an EBIT basis the return on assets of Feiyu Technology is −0.3% (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 Feiyu Technology (1022)?
The operating margin of Feiyu Technology is 18.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Feiyu Technology (1022)?
Revenue at Feiyu Technology is growing +105% versus a year earlier (3y avg +61.7%). 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 cash does Feiyu Technology (1022) hold?
Feiyu Technology holds more cash than debt, HK$135M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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