Funshine Culture Group (300860) Fair Value & Analysis

Communication Services · CN · Market cap 4.9B CNY

Below-average quality, and screening another 42% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥19.16). The favourable scenario is already priced in.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (¥10.12 to ¥19.16) 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 Jul 24, 2026.

How to read this chart

60‑month range ¥19.34 – ¥66.54 · fair‑value band ¥10.12 – ¥19.16 · the ¥26.48 price screens above the ¥15.33 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Funshine Culture Group (300860) currently trades at ¥26.48, while our model-based Fair Value estimate is ¥15.33, implying the stock looks roughly 42.1% 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: low).

Over the trailing twelve months, Funshine Culture Group generated revenue of 233M CNY at a net margin of -4.5%. Revenue declined 5.7% year over year. It earns a return on equity of -0.3%. The balance sheet holds a net cash position of 516M CNY. Fundamentals as of Jul 24, 2026

Our scenario range runs from ¥10.12 (bear case) to ¥19.16 (bull case); at ¥26.48, 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 26% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at -42%, 300860 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.

Widest divergence: Asset-Based (¥11.10) versus DCF Models (¥2.75). Highest evidence: NCAV (Graham) (50).

Key figures & financial health

Quality Score breakdown

About the company

Funshine Culture Group Co.,Ltd. engages in the design and production services for cultural performances in China. The company is involved in the cultural celebrations or commemorative events, TV programs, performances, TV cultural evenings, corporate brand cultural activities, and opening and closing ceremonies of sports events; and tourism performances, …

Full company description

Funshine Culture Group Co.,Ltd. engages in the design and production services for cultural performances in China. The company is involved in the cultural celebrations or commemorative events, TV programs, performances, TV cultural evenings, corporate brand cultural activities, and opening and closing ceremonies of sports events; and tourism performances, evening tours, theme parks, cultural tourism complexes, and industrial parks cultural tourism project services. It also engages in scenic lighting design and production, landscape and architectural artistic lighting design, and landscape and architectural light show; content production, as well as musicals, artist management, music entertainment, and short dramas. The company was formerly known as Beijing Funshine Culture Media Co., Ltd. and changed its name to Funshine Culture Group Co.,Ltd. in March 2023. Funshine Culture Group Co.,Ltd. was founded in 2002 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Funshine Culture Group reported revenue of ¥239M in FY2025 versus ¥467M in FY2021, a compound −15.4%/yr. Reported net income was −¥16.6M in FY2025.

300860 screens 42% overvalued. Compare with Netflix, Inc →

Peer Group

Entertainment · 267 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 Entertainment 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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.