Asiaray Media Group Ltd (1993) Fair Value & Analysis
Communication Services · HK · Market cap HK$282M
Fair value as of: Aug 17, 2026
From 22 valuation models · updated today
Share price −31.1% over the past month.
A solid business, screening 69% undervalued on our models.
What matters now
- The price is below even our cautious bear case (HK$0.5400). The market is more pessimistic than our downside scenario.
- Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.
How to read this chart
60‑month range HK$0.4200 – HK$5.88 · fair‑value band HK$0.5400 – HK$0.8900 · the HK$0.4200 price screens below the HK$0.7100 fair value. Dashed = 300-day average. As of Aug 17, 2026.
Analysis
Asiaray Media Group Ltd (1993) currently trades at HK$0.4200, while our model-based Fair Value estimate is HK$0.7100, implying the stock looks roughly 69.1% undervalued today. The Quality Score stands at 58/100 (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, Asiaray Media Group Ltd generated revenue of HK$916M at a net margin of 1.5%. Revenue grew 1.2% year over year. It earns a return on equity of 7.9%. Net debt stands at HK$87.6M. Fundamentals as of Aug 17, 2026
Our scenario range runs from HK$0.5400 (bear case) to HK$0.8900 (bull case); at HK$0.4200, the current price sits below 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 51% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -13% fair-value upside, at 69%, 1993 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.
All 22 models by family
Widest divergence: DCF Models (HK$5.63) versus Asset-Based (HK$0.1100). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 19
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
Asiaray Media Group Limited, an investment holding company, operates as an out-of-home media company in the People's Republic of China, Hong Kong, and internationally. The company operates through Airports Business, Metro and Billboards Business, and Bus and Other Business segments.
Full company description
Asiaray Media Group Limited, an investment holding company, operates as an out-of-home media company in the People's Republic of China, Hong Kong, and internationally. The company operates through Airports Business, Metro and Billboards Business, and Bus and Other Business segments. It develops and operates out-of-home advertising media, including advertising in airports, metro lines, and billboards and building solutions. In addition, the company offers advertising services in bus exterior and interior, and bus shelter, as well as advertising services from other media spaces. Further, it provides design, consultancy, construction, and maintenance services; advertising production, installation, and dismantling services; and design engineering and consulting services, signage, and street furniture activities, as well as invests in properties. The company was founded in 1993 and is based in Quarry Bay, Hong Kong. Asiaray Media Group Limited is a subsidiary of Media Cornerstone Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Asiaray Media Group Ltd reported revenue of HK$916M in FY2025 versus HK$2.3B in FY2021, a compound −20.4%/yr. Reported net income was HK$13.3M in FY2025.
Watch 1993: get an alert when its fair value changes →
Peer Group
Advertising Agencies · 200 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.
Valuation Multiples vs Advertising Agencies median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 17, 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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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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