Beijing Gehua Catv Network Co (600037) Fair Value & Analysis
Communication Services · CN · Market cap 10.0B CNY
Fair value as of: Aug 6, 2026
From 16 valuation models · updated 4 days ago
Fair value updated Aug 6, 2026, revised from ¥0.5400 to ¥3.64 (+574.1%) since Jul 11, 2026. Share price +11.0% over the past month.
A solid business, but screening 48% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (¥4.59). The favourable scenario is already priced in.
- Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 6, 2026.
How to read this chart
60‑month range ¥5.61 – ¥11.27 · fair‑value band ¥2.77 – ¥4.59 · the ¥6.96 price screens above the ¥3.64 fair value. Dashed = 300-day average. As of Aug 6, 2026.
Analysis
Beijing Gehua Catv Network Co (600037) currently trades at ¥6.96, while our model-based Fair Value estimate is ¥3.64, implying the stock looks roughly 47.7% overvalued today. The Quality Score stands at 50/100 (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, Beijing Gehua Catv Network Co generated revenue of 2.4B CNY at a net margin of 2.8%. Revenue grew 50.1% year over year. It earns a return on equity of 0.5%. The balance sheet holds a net cash position of 8.4B CNY. Fundamentals as of Aug 6, 2026
Our scenario range runs from ¥2.77 (bear case) to ¥4.59 (bull case); at ¥6.96, 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 29% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 12% fair-value upside, at -48%, 600037 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 16 models by family
Widest divergence: DCF Models (¥6.96) versus Dividend Discount (¥0.3600). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 6, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 36
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
Beijing Gehua Catv Network Co.,Ltd. engages in the construction, management, operation, and maintenance of cable radio and television networks in China.
Full company description
Beijing Gehua Catv Network Co.,Ltd. engages in the construction, management, operation, and maintenance of cable radio and television networks in China. It offers radio and television programs transmission, video on demand, and network information services; Internet access services based on cable TV networks; value-added services for Internet data transmission; domestic IP telephony services; and cable TV advertising design, production, and release services. The company was founded in 1999 and is based in Beijing, China. Beijing Gehua Catv Network Co.,Ltd. operates as a subsidiary of Beijing Gehua Cultural Development Group Co., Ltd.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Beijing Gehua Catv Network Co reported revenue of ¥2.2B in FY2025 versus ¥2.6B in FY2021, a compound −3.4%/yr. Reported net income was ¥34.3M in FY2025, compounding −36.3%/yr from FY2021.
600037 screens 48% overvalued. Compare with Nexstar Media Group →
Peer Group
Broadcasting · 69 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 Broadcasting 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.
Similar stocks
10 more Broadcasting stocks, each showing price versus our Fair Value estimate (as of Aug 6, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nexstar Media Group NXST | $183.71 | $78.52 | -57% |
| SES S.A SESG | €7.46 | €15.46 | +107% |
| PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK | 505.00 IDR | 1,094 IDR | +117% |
| MFE-Mediaforeurope N.V MFEB | €3.64 | €5.38 | +48% |
| Jiangsu Broadcasting Cable Information Network Corporation 600959 | ¥3.07 | ¥1.14 | -63% |
| Sun TV Network Limited SUNTV | ₹489.20 | ₹586.58 | +20% |
| MBC Group 4072 | 20.06 SAR | 19.56 SAR | -2% |
| PT Surya Citra Media Tbk, SCMA | 206.00 IDR | 229.91 IDR | +12% |
| Zee Entertainment Enterprises Limited ZEEL | ₹92.61 | ₹53.22 | -43% |
| Sinclair, Inc SBGI | $15.42 | $4.29 | -72% |
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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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