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Feiyu Technology International Company (1022) Fair Value & Analysis

Communication Services · HK · Market cap HK$604M

FT Feiyu Technology International Company 1022 · HK
PriceHK$0.3950
Fair ValueHK$1.19
Upside+201.3%
Quality69/100
Healthy Growth
Solidly profitable · 13.0% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 66/100
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Evidence: High Range HK$0.8900 – HK$1.49 Share as image

Fair value as of: Aug 5, 2026

From 26 valuation models · updated today

Fair value updated Aug 5, 2026, revised from HK$1.18 to HK$1.19 (+0.8%) since Jul 2, 2026. Share price −2.5% over the past month.

A solid business, screening 201% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (HK$0.8900). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

HK$1.27 HK$0.1580 Fair Value HK$1.19 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 5, 2026.

How to read this chart

60‑month range HK$0.1580 – HK$1.27 · fair‑value band HK$0.8900 – HK$1.49 · the HK$0.3950 price screens below the HK$1.19 fair value. Dashed = 300-day average. As of Aug 5, 2026.

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Analysis

Feiyu Technology International Company (1022) currently trades at HK$0.3950, while our model-based Fair Value estimate is HK$1.19, implying the stock looks roughly 201.3% undervalued today. We read business quality at 69/100 (solid 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, Feiyu Technology International Company generated revenue of HK$810M at a net margin of 13.0%. Revenue grew 105.1% year over year. It earns a return on equity of 19.0%. The balance sheet holds a net cash position of HK$135M. Fundamentals as of Aug 5, 2026

Our scenario range runs from HK$0.8900 (bear case) to HK$1.49 (bull case); at HK$0.3950, the current price sits below that range. The share trades about 61% below its 52-week high and 83% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at 201%, 1022 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 BearBaseBull Evidence
Highest evidence
Growth DCF HK$1.07 HK$1.72 HK$2.91 80
Residual Income HK$0.3400 HK$0.4200 HK$0.7700 76
Rev-Margin DCF HK$0.9300 HK$1.64 HK$3.03 74
All 26 models by family
DCF Models
FCF DCF HK$1.13 HK$1.62 HK$3.06 38
Owner Earnings HK$0.8600 HK$1.70 HK$3.26 31
5Y Revenue Exit HK$0.9000 HK$1.45 HK$2.59 39
5Y EBITDA Exit HK$0.9300 HK$1.50 HK$2.62 41
5Y P/E Exit HK$1.04 HK$2.14 HK$3.62 38
10Y Revenue Exit HK$0.9600 HK$1.87 HK$2.42 36
10Y EBITDA Exit HK$1.00 HK$1.92 HK$3.47 37
10Y P/E Exit HK$1.08 HK$2.16 HK$3.89 35
Earnings-Based
Graham-Dodd HK$0.4100 HK$2.85 HK$4.01 54
Lynch FV HK$1.20 HK$1.72 HK$2.23 50
PEG = 1.0 HK$1.20 HK$1.72 HK$2.23 46
EPV HK$0.5900 HK$0.6600 HK$0.7200 59
Dividend Discount
Gordon GGM HK$3.19 HK$5.74 HK$7.91 70
DDM Multi-Stage HK$3.19 HK$5.25 HK$6.13 61
Multiples
P/E Multiple HK$0.9000 HK$1.20 HK$1.50 63
P/S Multiple HK$0.7700 HK$1.02 HK$1.28 58
P/B Multiple HK$0.7700 HK$1.02 HK$1.28 55
EV/EBIT HK$1.04 HK$1.36 HK$1.68 53
EV/EBITDA HK$0.8100 HK$1.06 HK$1.30 54
EV/Revenue HK$0.7300 HK$1.01 HK$1.28 43
Asset-Based
NCAV (Graham) HK$0.1700 HK$0.2300 HK$0.3400 50
Growth DCF
Growth DCF HK$1.07 HK$1.72 HK$2.91 80
Rev-Margin DCF HK$0.9300 HK$1.64 HK$3.03 74
Economic Profit
Residual Income HK$0.3400 HK$0.4200 HK$0.7700 76
ROIC Compounder HK$0.7400 HK$1.02 HK$1.25 72
Growth Earnings
Growth-Adj P/E HK$1.47 HK$2.09 HK$2.72 68

Widest divergence: Dividend Discount (HK$5.25) versus Asset-Based (HK$0.2300). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) HK$810M
Revenue growth (YoY) +105%
Net margin 13.0%
Return on equity 19.0%
Free cash flow HK$135M FY2025
P/E ratio 4.9
More key figures
Operating margin 18.1%
EPS (TTM) HK$0.0300
Net cash HK$135M FY2025

Figures from reported company fundamentals · as of Aug 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 81 · Market factors (momentum, volatility) 35

Profitability 74
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 78
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

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Feiyu Technology International Company reported revenue of HK$810M in FY2025 versus HK$105M in FY2021, a compound +66.8%/yr. Reported net income was HK$105M in FY2025.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$810M
Latest YoY
+192.8%
Avg. growth/yr (3Y)
+61.7%
Avg. growth/yr (5Y)
+47.3%
Avg. growth/yr (14Y)
+25.7%
Revenue +66.8%/yr
FY21 HK$105M
FY22 HK$192M
FY23 HK$226M
FY24 HK$277M
FY25 HK$810M
Net income
FY21 −HK$78.1M
FY22 −HK$29.6M
FY23 HK$52.0M
FY24 −HK$44.4M
FY25 HK$105M

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Cite: Fair Value Calculator (2026). "Feiyu Technology International Company Fair Value". https://www.fairvalue-calculator.com/stock/1022

Peer Group

Electronic Gaming & Multimedia · 157 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 71 · Top 25%
Fair Value upside +198% · Top 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 13% · Above median
Operating margin (TTM) 18% · Above median
Revenue growth 105% · Top 25%
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

P/E (TTM) 4.9× · Cheaper than 75% of peers
P/B 1.01× · Pricier than median
P/S (TTM) 0.75× · Cheaper than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 3.6× · Cheaper than median

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 100 · sector 7
FUTURE 100 · sector 11
PAST 76 · sector 8
HEALTH 94 · sector 99
DIVIDEND 0 · sector 41

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 Electronic Gaming & Multimedia stocks, each showing price versus our Fair Value estimate (as of Aug 5, 2026).

Stock Price Fair Value vs Fair Value
NetEase, Inc 9999 HK$202.60 HK$192.74 -5%
Electronic Arts Inc EA $207.27 $76.57 -63%
Take-Two Interactive Software, Inc TTWO $237.04 $60.45 -74%
Roblox Corporation RBLX $57.07 $21.20 -63%
Zhejiang Century Huatong Group 002602 ¥14.04 ¥14.68 +5%
KRAFTON, Inc 259960 240,500 KRW 395,557 KRW +64%
Kunlun Tech Co 300418 ¥44.61 ¥6.87 -85%
Giant Network Group 002558 ¥29.98 ¥15.69 -48%
International Games System Co 3293 704.00 TWD 568.16 TWD -19%
37 Interactive Entertainment Network Technology Group 002555 ¥19.02 ¥22.29 +17%

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Frequently asked questions

Is Feiyu Technology International Company (1022) overvalued or undervalued?
As of Aug 5, 2026, our model estimates a fair value of HK$1.19 versus a price of HK$0.3950, about +201% (undervalued).
What is the fair value of 1022?
Our model-based fair value for Feiyu Technology International Company is HK$1.19 (as of Aug 5, 2026), built from audited fundamentals. The current price is HK$0.3950.
What is the quality score of 1022?
Feiyu Technology International Company has a Quality Score of 69/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Feiyu Technology International Company (1022)?
Feiyu Technology International Company reported trailing-twelve-month revenue of about HK$810M (latest available figure, as of Aug 5, 2026).
What is the net profit margin of 1022?
The net profit margin of Feiyu Technology International Company is about 13.0%, meaning it keeps roughly 13.0% 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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