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China South Publishing & Media Group (601098) Fair Value & Analysis

Communication Services · CN · Market cap 18.7B CNY

CS China South Publishing & Media Group 601098 · SHG
Price¥10.43
Fair Value¥14.66
Upside+40.6%
Quality59/100
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Expensive Growth
Solidly profitable · 12.7% net margin
Low debt · negative free cash flow
5.20% dividend yield
Ranks above peers (11/14)
Moderate moat 45/100
Evidence: High Range ¥9.50 – ¥15.57 Share as image

Fair value as of: Aug 9, 2026

From 17 valuation models · updated yesterday

Fair value updated Aug 9, 2026, revised from ¥16.76 to ¥14.66 (−12.5%) since Jul 11, 2026. Share price +5.3% over the past month.

A solid business, screening 41% undervalued on our models.

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from ¥9.50 (bear) to ¥15.57 (bull), base ¥14.66. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

¥15.14 ¥7.21 Fair Value ¥14.66 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 9, 2026.

How to read this chart

60‑month range ¥7.21 – ¥15.14 · fair‑value band ¥9.50 – ¥15.57 · the ¥10.43 price screens below the ¥14.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 9, 2026.

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Analysis

China South Publishing & Media Group (601098) currently trades at ¥10.43, while our model-based Fair Value estimate is ¥14.66, implying the stock looks roughly 40.6% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Communication Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, China South Publishing & Media Group generated revenue of 12.6B CNY at a net margin of 12.7%. Revenue grew 1.1% year over year. It earns a return on equity of 10.0%. The balance sheet holds a net cash position of 12.4B CNY. Fundamentals as of Aug 9, 2026

Our scenario range runs from ¥9.50 (bear case) to ¥15.57 (bull case); at ¥10.43, 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 25% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at 41%, 601098 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income ¥7.93 ¥8.77 ¥12.45 76
ROIC Compounder ¥14.65 ¥16.58 ¥18.69 72
Gordon GGM ¥5.05 ¥10.50 ¥16.66 70
All 17 models by family
DCF Models
Owner Earnings ¥15.62 ¥20.51 ¥27.88 31
Earnings-Based
Graham-Dodd ¥6.04 ¥17.93 ¥23.73 54
Lynch FV ¥3.78 ¥5.40 ¥7.02 50
PEG = 1.0 ¥3.78 ¥5.40 ¥7.02 46
EPV ¥14.20 ¥15.48 ¥16.60 59
Dividend Discount
Gordon GGM ¥5.05 ¥10.50 ¥16.66 70
DDM Multi-Stage ¥5.05 ¥8.18 ¥11.02 61
Multiples
P/E Multiple ¥14.65 ¥19.53 ¥24.41 63
P/S Multiple ¥11.32 ¥15.09 ¥18.86 58
P/B Multiple ¥11.32 ¥15.09 ¥18.86 55
EV/EBIT ¥18.18 ¥22.08 ¥25.98 53
EV/EBITDA ¥16.63 ¥20.01 ¥23.39 54
EV/Revenue ¥15.36 ¥19.16 ¥22.96 43
Asset-Based
NCAV (Graham) ¥4.50 ¥6.03 ¥9.00 50
Economic Profit
Residual Income ¥7.93 ¥8.77 ¥12.45 76
ROIC Compounder ¥14.65 ¥16.58 ¥18.69 72
Growth Earnings
Growth-Adj P/E ¥11.86 ¥16.95 ¥22.03 68

Widest divergence: DCF Models (¥20.51) versus Earnings-Based (¥5.40). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 12.6B CNY
Revenue growth (YoY) +1.1%
Net margin 12.7%
Return on equity 10.0%
Free cash flow −1.6B CNY FY2025
P/E ratio 11.9
More key figures
Operating margin 13.5%
EPS (TTM) ¥0.9000
Dividend yield 5.1%
EPS growth (YoY) +5.0%
Net cash 12.4B CNY FY2024

Figures from reported company fundamentals · as of Aug 9, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 56 · Market factors (momentum, volatility) 43

Profitability 43
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 94
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 84
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

China South Publishing & Media Group Co., Ltd, together with its subsidiaries, engages in the publishing, printing, distribution, media, and financing businesses in China.

Full company description

China South Publishing & Media Group Co., Ltd, together with its subsidiaries, engages in the publishing, printing, distribution, media, and financing businesses in China. It offers publishing products, including general and textbooks; and prints publications, newspapers, packages, bills and receipts, anti-counterfeit, digital and imposition products, etc., as well as distributes publications and stationery commodities. The company is also involved in the publishing of magazines, and websites, as well as digital education activities; organization of automobile exhibitions; and provision of financial services, including deposit inducement, loan, financing lease, bill acceptance, discounting of bill, guarantees, entrusted loans and investment, insurance agents, financial and financing consultancy, etc. The company was founded in 2008 and is headquartered in Changsha, China. China South Publishing & Media Group Co., Ltd is a subsidiary of HUNAN PUBLISHING INVESTMENT HOLDING GROUP CO., LTD.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China South Publishing & Media Group reported revenue of ¥12.6B in FY2025 versus ¥11.3B in FY2021, a compound +2.7%/yr. Reported net income was ¥1.6B in FY2025, compounding +1.3%/yr from FY2021.

Growth Quality 33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
12.6B CNY
Latest YoY
−5.6%
Avg. growth/yr (3Y)
+0.4%
Avg. growth/yr (5Y)
+3.8%
Avg. growth/yr (18Y)
+7.9%
Revenue +2.7%/yr
FY21 ¥11.3B
FY22 ¥12.5B
FY23 ¥13.6B
FY24 ¥13.3B
FY25 ¥12.6B
Net income +1.3%/yr
FY21 ¥1.5B
FY22 ¥1.4B
FY23 ¥1.9B
FY24 ¥1.4B
FY25 ¥1.6B

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Cite: Fair Value Calculator (2026). "China South Publishing & Media Group Fair Value". https://www.fairvalue-calculator.com/stock/601098

Peer Group

Publishing · 110 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 59 · Below median
Fair Value upside +41% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 1% · Above median
Dividend yield (TTM) 5.2% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Publishing median · lower = cheaper

P/E (TTM) 11.6× · Cheaper than median
P/B 1.16× · Pricier than median
P/S (TTM) 1.48× · Pricier than median
EV/EBITDA 4.0× · Cheaper than 75% of peers
PEG 1.08× · Cheaper than median

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 87 · sector 39
FUTURE 6 · sector 0
PAST 40 · sector 21
HEALTH 100 · sector 99
DIVIDEND 100 · sector 57

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.

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Frequently asked questions

Is China South Publishing & Media Group (601098) overvalued or undervalued?
As of Aug 9, 2026, our model estimates a fair value of ¥14.66 versus a price of ¥10.43, about +41% (undervalued).
What is the fair value of 601098?
Our model-based fair value for China South Publishing & Media Group is ¥14.66 (as of Aug 9, 2026), built from audited fundamentals. The current price is ¥10.43.
What is the quality score of 601098?
China South Publishing & Media Group has a Quality Score of 59/100. 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 China South Publishing & Media Group (601098)?
China South Publishing & Media Group reported trailing-twelve-month revenue of about 12.6B CNY (latest available figure, as of Aug 9, 2026).
What is the net profit margin of 601098?
The net profit margin of China South Publishing & Media Group is about 12.7%, meaning it keeps roughly 12.7% of revenue as net income. Based on the latest reported figures.
Does China South Publishing & Media Group pay a dividend?
China South Publishing & Media Group currently shows a dividend yield of about 5.14% relative to its recent price (as of Aug 9, 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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