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New Media Lab Limited (1284) Fair Value & Analysis

Communication Services · HK · Market cap HK$264M

NM New Media Lab Limited 1284 · HK
PriceHK$0.4750
Fair ValueHK$0.4400
Upside-7.4%
Quality63/100
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Weak Growth
Thin margins · 6.7% net margin
generates free cash flow
9.55% dividend yield
Ranks above peers (9/13)
Narrow moat 32/100
Evidence: High Range HK$0.3300 – HK$0.5500 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 2 days ago

Share price +14.5% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from HK$0.3300 (bear) to HK$0.5500 (bull), base HK$0.4400. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 63/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (3 years)

HK$0.8188 HK$0.1744 Fair Value HK$0.4400 Jul 2023 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

37‑month range HK$0.1744 – HK$0.8188 · fair‑value band HK$0.3300 – HK$0.5500 · the HK$0.4750 price screens above the HK$0.4400 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

New Media Lab Limited (1284) currently trades at HK$0.4750, while our model-based Fair Value estimate is HK$0.4400, implying the stock looks roughly 7.4% fairly valued today. The Quality Score stands at 63/100 (solid 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, New Media Lab Limited generated revenue of HK$190M at a net margin of 6.7%. Revenue declined 5.8% year over year. It earns a return on equity of 6.7%. Net debt stands at HK$1.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.3300 (bear case) to HK$0.5500 (bull case); at HK$0.4750, the current price sits within 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 near its 52-week high and 88% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -13% fair-value upside, at -7%, 1284 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 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$0.2200 HK$0.2200 HK$0.2100 76
Growth DCF HK$0.6300 HK$0.7200 HK$0.8500 72
Growth-Adj P/E HK$0.2500 HK$0.3500 HK$0.4600 68
All 22 models by family
DCF Models
FCF DCF HK$0.6200 HK$0.7100 HK$0.8700 38
Owner Earnings HK$0.5500 HK$0.6300 HK$0.7600 31
5Y Revenue Exit HK$0.5400 HK$0.6400 HK$0.7900 39
5Y EBITDA Exit HK$0.6300 HK$0.7900 HK$1.00 41
5Y P/E Exit HK$0.5800 HK$0.7100 HK$0.8600 38
10Y Revenue Exit HK$0.5700 HK$0.6400 HK$0.7100 36
10Y EBITDA Exit HK$0.6200 HK$0.7200 HK$0.8200 37
10Y P/E Exit HK$0.6000 HK$0.6700 HK$0.7500 35
Earnings-Based
Graham-Dodd HK$0.1400 HK$0.1800 HK$0.2000 54
EPV HK$0.4000 HK$0.4200 HK$0.4400 59
Multiples
P/E Multiple HK$0.3500 HK$0.4700 HK$0.5800 63
P/S Multiple HK$0.2700 HK$0.3600 HK$0.4500 58
P/B Multiple HK$0.2700 HK$0.3600 HK$0.4500 55
EV/EBIT HK$0.5800 HK$0.6900 HK$0.8000 53
EV/EBITDA HK$0.7000 HK$0.8500 HK$1.00 54
EV/Revenue HK$0.5000 HK$0.6100 HK$0.7100 43
Asset-Based
NCAV (Graham) HK$0.1500 HK$0.2100 HK$0.3100 50
Growth DCF
Growth DCF HK$0.6300 HK$0.7200 HK$0.8500 72
Rev-Margin DCF HK$0.5400 HK$0.6500 HK$0.7900 67
Economic Profit
Residual Income HK$0.2200 HK$0.2200 HK$0.2100 76
ROIC Compounder HK$0.4000 HK$0.4200 HK$0.4500 67
Growth Earnings
Growth-Adj P/E HK$0.2500 HK$0.3500 HK$0.4600 68

Widest divergence: DCF Models (HK$0.6700) versus Earnings-Based (HK$0.1800). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$190M
Revenue growth (YoY) -5.8%
Net margin 6.7%
Return on equity 6.7%
Free cash flow HK$30.8M FY2025
P/E ratio 22.0 as of Jul 2, 2026
More key figures
Operating margin 6.1%
EPS (TTM) HK$0.0100
Dividend yield 9.6%
EPS growth (YoY) +5.9%
Net debt HK$1.1M FY2022

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 67 · Market factors (momentum, volatility) 75

Profitability 52
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 83
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
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

New Media Lab Limited, a digital media company, provides digital and print advertising products and services, and related businesses in Hong Kong. It offers advertising products and services, including display banners, advertorials and reviews, social newsfeeds, creative, and production and strategic services. The company also publishes magazines and books.

Full company description

New Media Lab Limited, a digital media company, provides digital and print advertising products and services, and related businesses in Hong Kong. It offers advertising products and services, including display banners, advertorials and reviews, social newsfeeds, creative, and production and strategic services. The company also publishes magazines and books. In addition, it engages in copyright holding, digital and print media, and trademark holding and licensing activities. The company was founded in 1999 and is based in Kwun Tong, Hong Kong. New Media Lab Limited is a subsidiary of New Media Lab Group Holdings Limited.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

New Media Lab Limited reported revenue of HK$190M in FY2025 versus HK$245M in FY2021, a compound −6.2%/yr. Reported net income was HK$12.7M in FY2025, compounding −21.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$190M
Latest YoY
−8.4%
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.
−7.6%
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.
−2.2%
Revenue −6.2%/yr
FY21 HK$245M
FY22 HK$241M
FY23 HK$221M
FY24 HK$207M
FY25 HK$190M
Net income −21.2%/yr
FY21 HK$33.0M
FY22 HK$39.4M
FY23 HK$14.5M
FY24 HK$13.5M
FY25 HK$12.7M

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Cite: Fair Value Calculator (2026). "New Media Lab Limited Fair Value". https://www.fairvalue-calculator.com/stock/1284

Peer Group

Advertising Agencies · 199 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 63 · Top 25%
Fair Value upside −7% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth -6% · Below median
Dividend yield (TTM) 9.6% · Top 25%

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/E (TTM) 22.0× · Pricier than median
P/B 1.43× · Pricier than median
P/S (TTM) 1.39× · Pricier than 75% of peers
P/FCF 1.1× · Cheaper than median
EV/EBITDA 7.4× · 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 23 · sector 23
FUTURE 0 · sector 6
PAST 27 · sector 5
HEALTH 0 · sector 98
DIVIDEND 100 · sector 62

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 Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $303.76 $252.45 -17%
Publicis Groupe S.A PUB €99.98 €146.36 +46%
Omnicom Group OMC $85.51 $99.84 +17%
Focus Media Information Technology Co 002027 ¥5.29 ¥5.71 +8%
The Trade Desk, Inc TTD $13.49 $29.07 +115%
JCDecaux SE DEC €24.00 €20.99 -13%
Easy Click Worldwide Network Technology Co 301171 ¥37.40 ¥5.62 -85%
Mobvista Inc 1860 HK$11.04 HK$6.43 -42%
Affle 3i Limited AFFLE ₹1,643 ₹611.48 -63%
Guangdong Advertising Group 002400 ¥7.33 ¥1.14 -84%

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Frequently asked questions

Is New Media Lab Limited (1284) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.4400 versus a price of HK$0.4750, about −7% (fairly valued).
What is the fair value of 1284?
Our model-based fair value for New Media Lab Limited is HK$0.4400 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.4750.
What is the quality score of 1284?
New Media Lab Limited has a Quality Score of 63/100. 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 New Media Lab Limited (1284)?
New Media Lab Limited reported trailing-twelve-month revenue of about HK$190M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1284?
The net profit margin of New Media Lab Limited is about 6.7%, meaning it keeps roughly 6.7% of revenue as net income. Based on the latest reported figures.
Does New Media Lab Limited pay a dividend?
New Media Lab Limited currently shows a dividend yield of about 9.55% relative to its recent price (as of Aug 13, 2026).

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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