Spearhead Integrated Marketing (300071) Fair Value & Analysis
Communication Services · CN · Market cap 3.8B CNY
Strengths
Risks
Fair value as of: Aug 13, 2026
From 9 valuation models · updated 9 days ago
Share price +0.5% over the past month.
Below-average quality, and screening another 82% overvalued on our models.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (¥0.9300). The favourable scenario is already priced in.
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (¥0.4800 to ¥0.9300) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 ¥1.66 – ¥8.93 · fair‑value band ¥0.4800 – ¥0.9300 · the ¥3.98 price screens above the ¥0.7000 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Spearhead Integrated Marketing (300071) currently trades at ¥3.98, while our model-based Fair Value estimate is ¥0.7000, implying the stock looks roughly 82.4% overvalued today. The Quality Score stands at 49/100 (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: medium).
Over the trailing twelve months, Spearhead Integrated Marketing generated revenue of 860M CNY at a net margin of -13.2%. Revenue declined 55.5% year over year. It earns a return on equity of -74.5%. Net debt stands at 48.7M CNY. Fundamentals as of Aug 13, 2026
Our scenario range runs from ¥0.4800 (bear case) to ¥0.9300 (bull case); at ¥3.98, 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 60% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -13% fair-value upside, at -82%, 300071 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.
All 9 models by family
Widest divergence: Multiples (¥0.8300) versus Asset-Based (¥0.0600). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 20
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
FS Development Investment Holdings provides integrated marketing communication services in China. It offers content, private, and meta universe marketing services. The company was formerly known as Spearhead Integrated Marketing Communication Group. The company was founded in 2003 and is based in Beijing, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Spearhead Integrated Marketing reported revenue of ¥1.0B in FY2025 versus ¥1.0B in FY2021, a compound −0.4%/yr. Reported net income was −¥122M in FY2025.
300071 screens 82% overvalued. Compare with AppLovin Corporation →
Peer Group
Advertising Agencies · 205 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.
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.
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% |
| Affle (India) Limited AFFLE | ₹1,711 | ₹591.41 | -65% |
| Mobvista Inc 1860 | HK$11.04 | HK$6.43 | -42% |
| Guangdong Advertising Group 002400 | ¥6.48 | ¥1.14 | -82% |
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Frequently asked questions
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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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