China Film Co (600977) Fair Value & Analysis

Communication Services · CN · Market cap 23.5B CNY

A solid business, but screening 89% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (¥1.95). The favourable scenario is already priced in.
• Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range (¥1.03 to ¥1.95) 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 8, 2026.

How to read this chart

60‑month range ¥9.67 – ¥21.35 · fair‑value band ¥1.03 – ¥1.95 · the ¥12.61 price screens above the ¥1.45 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

China Film Co (600977) currently trades at ¥12.61, while our model-based Fair Value estimate is ¥1.45, implying the stock looks roughly 88.5% overvalued today. The Quality Score stands at 51/100 (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, China Film Co generated revenue of 4.7B CNY at a net margin of 3.1%. Revenue declined 14.3% year over year. It earns a return on equity of 1.2%. The balance sheet holds a net cash position of 6.2B CNY. Fundamentals as of Aug 8, 2026

Our scenario range runs from ¥1.03 (bear case) to ¥1.95 (bull case); at ¥12.61, 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 46% below its 52-week high and 21% 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 -89%, 600977 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.

Widest divergence: DCF Models (¥4.21) versus Earnings-Based (¥0.4800). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

China Film Co., Ltd. engages in the production, distribution, screening, technology, service, and innovation of films and television dramas in China and internationally.

Full company description

China Film Co., Ltd. engages in the production, distribution, screening, technology, service, and innovation of films and television dramas in China and internationally. It engages in the creation, distribution, screening, technology, services and innovation, covering film and TV series production, and film post-product management; domestic and imported film promotion and distribution, and secondary market distribution; cinema investment and management, and cinema chain operation; film technology research and development, film and television equipment production and sales and technical services; and film and television production, ticketing platform, and financial leasing services. The company also engages in project investment management; wholesale of film machinery and related products; animation film production; videotape publishing; cultural brokerage business; film distribution and screening; cultural training; and theater management activities. In addition, it offers technology development services; sells projection equipment and digital giant screens; economic and trade consulting services; and sells cinema and film-related equipment. The company was founded in 2010 and is based in Beijing, China. China Film Co., Ltd. operates as a subsidiary of China Film Group Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Film Co reported revenue of ¥4.8B in FY2025 versus ¥5.8B in FY2021, a compound −4.5%/yr. Reported net income was ¥117M in FY2025, compounding −16.2%/yr from FY2021.

600977 screens 89% 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.