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iDreamSky Technology Holdings (1119) Fair Value & Analysis

Communication Services · HK · Market cap HK$612M

IT iDreamSky Technology Holdings 1119 · HK
PriceHK$0.3300
Fair ValueHK$0.1275
Upside-61.4%
Quality37/100
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Weak Growth
Thin margins · 1.2% net margin
Low debt · generates free cash flow
Trails peers (4/14)
Narrow moat 26/100
Evidence: High Range HK$0.1020 – HK$0.1955 Share as image

Fair value as of: Aug 13, 2026

From 20 valuation models · updated 2 days ago

Share price +13.8% over the past month.

Below-average quality, and screening another 61% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$0.1955). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (HK$0.1020 to HK$0.1955) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

HK$7.99 HK$0.2550 Fair Value HK$0.1275 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.2550 – HK$7.99 · fair‑value band HK$0.1020 – HK$0.1955 · the HK$0.3300 price screens above the HK$0.1275 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

iDreamSky Technology Holdings (1119) currently trades at HK$0.3300, while our model-based Fair Value estimate is HK$0.1275, implying the stock looks roughly 61.4% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, iDreamSky Technology Holdings generated revenue of HK$1.3B at a net margin of 1.2%. Revenue declined 2.4% year over year. It earns a return on equity of 1.2%. Net debt stands at HK$1.1B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.1020 (bear case) to HK$0.1955 (bull case); at HK$0.3300, 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. The share trades about 76% below its 52-week high and 16% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -25% fair-value upside, at -61%, 1119 screens richer 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 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
Highest evidence
Residual Income HK$0.5300 HK$0.4900 HK$0.3300 76
Gordon GGM HK$0.1900 HK$0.3300 HK$0.4700 70
Growth-Adj P/E HK$0.1000 HK$0.1400 HK$0.1900 68
All 20 models by family
DCF Models
Owner Earnings HK$0.2500 HK$0.3900 HK$0.5500 31
5Y Revenue Exit HK$0.0200 HK$0.0700 39
5Y EBITDA Exit HK$0.1200 HK$0.2900 HK$0.4800 41
5Y P/E Exit HK$0.0400 HK$0.1000 38
10Y Revenue Exit HK$0.0300 36
10Y EBITDA Exit HK$0.0400 HK$0.1600 HK$0.3100 37
10Y P/E Exit HK$0.0500 35
Earnings-Based
Graham-Dodd HK$0.0500 HK$0.1400 HK$0.1800 54
PEG = 1.0 HK$0.0300 HK$0.0400 HK$0.0500 46
Dividend Discount
Gordon GGM HK$0.1900 HK$0.3300 HK$0.4700 70
DDM Multi-Stage HK$0.1900 HK$0.2700 HK$0.3500 61
Multiples
P/E Multiple HK$0.1300 HK$0.1700 HK$0.2100 63
P/S Multiple HK$0.1000 HK$0.1300 HK$0.1700 58
P/B Multiple HK$0.1000 HK$0.1300 HK$0.1700 55
EV/EBIT HK$0.0300 HK$0.0700 HK$0.1200 53
EV/EBITDA HK$0.3000 HK$0.4300 HK$0.5600 54
EV/Revenue HK$0.0400 HK$0.0800 43
Asset-Based
NCAV (Graham) HK$0.4100 HK$0.5500 HK$0.8200 50
Economic Profit
Residual Income HK$0.5300 HK$0.4900 HK$0.3300 76
Growth Earnings
Growth-Adj P/E HK$0.1000 HK$0.1400 HK$0.1900 68

Widest divergence: Asset-Based (HK$0.5500) versus Earnings-Based (HK$0.0400). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$1.3B
Revenue growth (YoY) -2.4%
Net margin 1.2%
Return on equity 1.2%
Free cash flow HK$7.9M FY2025
P/E ratio 30.0 as of Jul 2, 2026
More key figures
Operating margin 0.3%
EPS (TTM) HK$0.0200
EPS growth (YoY) -21.4%
Net debt HK$1.1B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 35 · Market factors (momentum, volatility) 18

Profitability 20
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 0
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

iDreamSky Technology Holdings Limited, an investment holding company, operates a digital entertainment platform that publishes games through mobile apps and websites in the People's Republic of China.

Full company description

iDreamSky Technology Holdings Limited, an investment holding company, operates a digital entertainment platform that publishes games through mobile apps and websites in the People's Republic of China. The company offers game publishing service, and publishes licensed games to the game players through various mobile application stores and software websites, as well as through other game publishers. It also provides mobile games development and game cooperation services, including on-going updates of new contents and maintenance services, as well as technical support service; in-game information services; and advertising services. In addition, the company engages in the internet and software technology development and services; financing; culture, sports, and entertainment; and internet information services. iDreamSky Technology Holdings Limited was founded in 2009 and is headquartered in Shenzhen, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

iDreamSky Technology Holdings reported revenue of HK$1.3B in FY2025 versus HK$2.6B in FY2021, a compound −15.6%/yr. Reported net income was HK$15.9M in FY2025.

Growth Quality 32/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$1.3B
Latest YoY
−11.6%
Avg. growth/yr (3Y) 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.
−19.8%
Avg. growth/yr (5Y) 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.
−16.1%
Avg. growth/yr (13Y) 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.
+38.5%
Revenue −15.6%/yr
FY21 HK$2.6B
FY22 HK$2.6B
FY23 HK$1.9B
FY24 HK$1.5B
FY25 HK$1.3B
Net income
FY21 −HK$157M
FY22 −HK$2.5B
FY23 −HK$556M
FY24 −HK$529M
FY25 HK$15.9M

1119 screens 61% overvalued. Compare with NetEase, Inc →

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Cite: Fair Value Calculator (2026). "iDreamSky Technology Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1119

Peer Group

Electronic Gaming & Multimedia · 155 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 37 · Bottom 25%
Fair Value upside −61% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth -2% · Below median
Dividend yield (TTM) 8.2% · Top 25%
Debt / equity 0.25× · Higher than 75% of peers

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

P/E (TTM) 30.0× · Pricier than 75% of peers
P/B 0.37× · Cheaper than median
P/S (TTM) 0.46× · Cheaper than median
P/FCF 9.9× · Pricier than 75% of peers
EV/EBITDA 7.3× · 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 0 · sector 21
FUTURE 0 · sector 7
PAST 5 · sector 9
HEALTH 88 · sector 99
DIVIDEND 100 · sector 54

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.

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 13, 2026).

Stock Price Fair Value vs Fair Value
NetEase, Inc 9999 HK$192.50 HK$262.75 +36%
Electronic Arts Inc EA $209.70 $76.57 -63%
Take-Two Interactive Software, Inc TTWO $243.00 $60.20 -75%
Roblox Corporation RBLX $36.22 $21.20 -41%
Zhejiang Century Huatong Group 002602 ¥14.29 ¥14.68 +3%
KRAFTON, Inc 259960 234,500 KRW 356,218 KRW +52%
Giant Network Group 002558 ¥28.57 ¥15.50 -46%
International Games System Co 3293 762.00 TWD 568.16 TWD -25%
37 Interactive Entertainment Network Technology Group 002555 ¥19.21 ¥22.29 +16%
Kingnet Network Co 002517 ¥17.36 ¥12.86 -26%

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Frequently asked questions

Is iDreamSky Technology Holdings (1119) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.1275 versus a price of HK$0.3300, about −61% (overvalued).
What is the fair value of 1119?
Our model-based fair value for iDreamSky Technology Holdings is HK$0.1275 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.3300.
What is the quality score of 1119?
iDreamSky Technology Holdings has a Quality Score of 37/100. 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 revenue of iDreamSky Technology Holdings (1119)?
iDreamSky Technology Holdings reported trailing-twelve-month revenue of about HK$1.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1119?
The net profit margin of iDreamSky Technology Holdings is about 1.2%, meaning it keeps roughly 1.2% 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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