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Dlg Exhibitions & Events Corporation (600826) Fair Value & Analysis

Communication Services · CN · Market cap 5.9B CNY

DE Dlg Exhibitions & Events Corporation 600826 · SHG
Price¥8.01
Fair Value¥7.12
Upside-11.1%
Quality57/100
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Weak Growth
Highly profitable · 20.6% net margin
Low debt · generates free cash flow
3.74% dividend yield
Ranks above peers (10/14)
Narrow moat 38/100
Evidence: High Range ¥5.65 – ¥8.60 Share as image

Fair value as of: Aug 8, 2026

From 22 valuation models · updated 2 days ago

Share price −11.2% over the past month.

A solid business, but screening 11% overvalued on our models.

What matters now

  • Our model range runs from ¥5.65 (bear) to ¥8.60 (bull), base ¥7.12. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 57/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥15.29 ¥4.62 Fair Value ¥7.12 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ¥4.62 – ¥15.29 · fair‑value band ¥5.65 – ¥8.60 · the ¥8.01 price screens above the ¥7.12 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Dlg Exhibitions & Events Corporation (600826) currently trades at ¥8.01, while our model-based Fair Value estimate is ¥7.12, implying the stock looks roughly 11.1% overvalued today. The Quality Score stands at 57/100 (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, Dlg Exhibitions & Events Corporation generated revenue of 1.6B CNY at a net margin of 20.6%. Revenue grew 5.5% year over year. It earns a return on equity of 8.4%. The balance sheet holds a net cash position of 1.1B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥5.65 (bear case) to ¥8.60 (bull case); at ¥8.01, 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 about 48% 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 -1% fair-value upside, at -11%, 600826 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF ¥7.52 ¥9.15 ¥11.48 80
Residual Income ¥4.95 ¥5.20 ¥5.51 76
Rev-Margin DCF ¥6.05 ¥7.43 ¥8.99 74
All 22 models by family
DCF Models
FCF DCF ¥7.37 ¥9.09 ¥11.67 38
Owner Earnings ¥8.34 ¥10.41 ¥13.52 31
5Y Revenue Exit ¥6.05 ¥7.34 ¥8.99 39
5Y EBITDA Exit ¥7.36 ¥9.61 ¥12.25 41
5Y P/E Exit ¥8.18 ¥11.03 ¥14.02 38
10Y Revenue Exit ¥6.45 ¥7.66 ¥9.04 36
10Y EBITDA Exit ¥7.32 ¥9.14 ¥11.25 37
10Y P/E Exit ¥7.82 ¥10.07 ¥12.46 35
Earnings-Based
Graham-Dodd ¥3.01 ¥5.88 ¥7.36 54
EPV ¥5.38 ¥5.82 ¥6.20 59
Multiples
P/E Multiple ¥6.98 ¥9.30 ¥11.63 63
P/S Multiple ¥3.32 ¥4.42 ¥5.53 58
P/B Multiple ¥5.65 ¥7.53 ¥9.41 55
EV/EBIT ¥7.84 ¥9.57 ¥11.31 53
EV/EBITDA ¥8.07 ¥9.88 ¥11.69 54
EV/Revenue ¥5.41 ¥6.61 ¥7.80 43
Asset-Based
NCAV (Graham) ¥3.09 ¥4.14 ¥6.18 50
Growth DCF
Growth DCF ¥7.52 ¥9.15 ¥11.48 80
Rev-Margin DCF ¥6.05 ¥7.43 ¥8.99 74
Economic Profit
Residual Income ¥4.95 ¥5.20 ¥5.51 76
ROIC Compounder ¥5.38 ¥5.82 ¥6.20 72
Growth Earnings
Growth-Adj P/E ¥5.02 ¥7.18 ¥9.33 68

Widest divergence: DCF Models (¥9.14) versus Asset-Based (¥4.14). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.6B CNY
Revenue growth (YoY) +5.5%
Net margin 20.6%
Return on equity 8.4%
Free cash flow 355M CNY FY2025
P/E ratio 21.7
More key figures
Operating margin -3.5%
EPS (TTM) ¥0.4600
Dividend yield 3.7%
EPS growth (YoY) -35.5%
Net cash 1.1B CNY FY2024

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 60 · Market factors (momentum, volatility) 25

Profitability 38
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 77
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 0
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

Dlg Exhibitions & Events Corporation Limited, together with its subsidiaries, provides conference and exhibition services in China. The company offers sports event and marketing planning; cultural venue management services; technical services; and technology development, consulting, exchange, transfer, and promotion services.

Full company description

Dlg Exhibitions & Events Corporation Limited, together with its subsidiaries, provides conference and exhibition services in China. The company offers sports event and marketing planning; cultural venue management services; technical services; and technology development, consulting, exchange, transfer, and promotion services. It also provides advertising design, production, and publishing services, as well as advertising agency services; project planning and public relations services; enterprise management consulting; business agency services; and digital cultural and creative content application services. In addition, the company is involved in organizing cultural and artistic exchange activities, as well as trade shows, expos, forums, road race events, and conferences; graphic design and production; sports event planning; advertising production, publishing, and design and agency; non-residential real estate leasing; investment activities; asset management; and sale of first-class and second-class medical devices. Further, it provides exhibition organization, display, and construction; venue operation; technical consulting; online meetings, exhibitions, marketing, and live-streaming services; digital event management and targeted marketing; logistics and transportation; MICE and other exhibition support services; trade brokerage and agency, import and export of goods and technologies, and business services, as well as non-residential real estate leasing. The company serves governments, corporations, group customers, professional associations, and big events organizers. Dlg Exhibitions & Events Corporation Limited was founded in 1982 and is headquartered in Huangpu, the People's Republic of China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Dlg Exhibitions & Events Corporation reported revenue of ¥1.6B in FY2025 versus ¥925M in FY2021, a compound +15.1%/yr. Reported net income was ¥326M in FY2025, compounding +28.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.6B CNY
Latest YoY
−1.1%
Avg. growth/yr (3Y)
+28.1%
Avg. growth/yr (5Y)
−11.4%
Avg. growth/yr (35Y)
−0.1%
Revenue +15.1%/yr
FY21 ¥925M
FY22 ¥773M
FY23 ¥1.4B
FY24 ¥1.6B
FY25 ¥1.6B
Net income +28.4%/yr
FY21 ¥120M
FY22 ¥115M
FY23 ¥275M
FY24 ¥307M
FY25 ¥326M

600826 screens 11% overvalued. Compare with AppLovin Corporation →

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Cite: Fair Value Calculator (2026). "Dlg Exhibitions & Events Corporation Fair Value". https://www.fairvalue-calculator.com/stock/600826

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 57 · Above median
Fair Value upside −11% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) -3% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 3.7% · Above median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/E (TTM) 17.4× · Cheaper than median
P/B 1.30× · Pricier than median
P/S (TTM) 3.60× · Pricier than 75% of peers
P/FCF 2.5× · Cheaper than median
EV/EBITDA 14.0× · Pricier than 75% of peers

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 19 · sector 19
FUTURE 28 · sector 8
PAST 34 · sector 7
HEALTH 98 · sector 98
DIVIDEND 75 · sector 66

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 8, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $506.98 $181.37 -64%
Publicis Groupe S.A PUB €87.16 €146.36 +68%
Omnicom Group OMC $80.75 $99.84 +24%
Focus Media Information Technology Co 002027 ¥5.00 ¥4.08 -18%
The Trade Desk, Inc TTD $19.37 $20.76 +7%
BlueFocus Intelligent Communications Group 300058 ¥13.81 ¥1.50 -89%
JCDecaux SE DEC €21.28 €20.99 -1%
WPP plc WPP $18.13 $18.56 +2%
Easy Click Worldwide Network Technology Co 301171 ¥28.85 ¥5.62 -81%
Magnite, Inc MGNI $19.91 $17.17 -14%

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Frequently asked questions

Is Dlg Exhibitions & Events Corporation (600826) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ¥7.12 versus a price of ¥8.01, about −11% (overvalued).
What is the fair value of 600826?
Our model-based fair value for Dlg Exhibitions & Events Corporation is ¥7.12 (as of Aug 8, 2026), built from audited fundamentals. The current price is ¥8.01.
What is the quality score of 600826?
Dlg Exhibitions & Events Corporation has a Quality Score of 57/100. 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 Dlg Exhibitions & Events Corporation (600826)?
Dlg Exhibitions & Events Corporation reported trailing-twelve-month revenue of about 1.6B CNY (latest available figure, as of Aug 8, 2026).
What is the net profit margin of 600826?
The net profit margin of Dlg Exhibitions & Events Corporation is about 20.6%, meaning it keeps roughly 20.6% of revenue as net income. Based on the latest reported figures.
Does Dlg Exhibitions & Events Corporation pay a dividend?
Dlg Exhibitions & Events Corporation currently shows a dividend yield of about 3.74% relative to its recent price (as of Aug 8, 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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