Hengdian Entertainment Co Ltd Class A (603103) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hengdian Entertainment Co Ltd Class A ¥8.56, price ¥16.27, upside -47.4%, quality 77 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Hengdian Entertainment Co Ltd Class A
603103 · SHGQuality Too ExpensiveQuality growthExcellent quality, but the valuation looks stretched.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range ¥9.11 – ¥40.41 · fair‑value band ¥6.40 – ¥11.14 · the ¥16.27 price screens above the ¥8.56 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
Hengdian Entertainment Co.,LTD engages in film and television investment, production, distribution, film screening, and related businesses in China. It operates in two divisions, Cinema Division; and Film Production and Distribution Division. The company offers viewing and catering services, pre-movie advertising, and theatrical distribution.
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Hengdian Entertainment Co.,LTD engages in film and television investment, production, distribution, film screening, and related businesses in China. It operates in two divisions, Cinema Division; and Film Production and Distribution Division. The company offers viewing and catering services, pre-movie advertising, and theatrical distribution. It is also involved in the production, distribution, and derivative business of films; cinema investment and construction; performance venue operation; production and operation of radio and television programs; production and sale of food and beverage; advertising production and distribution; internet sales of food. In addition, the company engages in the provision of asset management, conference and exhibition, corporate management consulting, tourism recruitment and consulting services, information system integration, food delivery, digital content production, product exhibition and display services, as well as technical services, consulting, and exchange; advertising design and agency business; non-residential real estate leasing; rental of leisure and entertainment equipment; organization of cultural and artistic exchange activities; experiential development activities and planning; business training; and travel and ticket agency. Further, it sells eyeglasses, maternity and baby products, household appliances, textiles, office supplies, gifts and flowers, electronic products, daily necessities, general merchandise, arts and crafts, etiquette items, outdoor products, amusement and entertainment products, and animation and toys; retail of pet food and supplies, clothing and apparel, cosmetics, jewelry, musical instruments, and sporting goods and equipment; technological development, transfer, and promotion; and cultural and creative software. The company was founded in 2008 and is headquartered in Dongyang, China. Hengdian Entertainment Co.,LTD is a subsidiary of Hengdian Group Holding Co., Ltd.
Stock analysis
Hengdian Entertainment Co Ltd Class A (603103) currently trades at ¥16.27, while our model-based Fair Value estimate is ¥8.56, implying the stock looks roughly 90.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ¥12.60 per share, and 2 of the 26 models we run sit above the ¥16.27 price.
Bear case: the Asset-Based group reads lowest at ¥1.31, and 24 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: ¥6.40 (bear) to ¥11.14 (bull), the price of ¥16.27 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 77/100 (high quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Hengdian Entertainment Co Ltd Class A reported revenue of 2.3B CNY in FY2025 versus 2.3B CNY in FY2021, a compound +0.2%/yr. Reported net income was 159M CNY in FY2025, compounding +84.7%/yr from FY2021.
Key figures
Market cap 10.4B CNY (≈ $1.5B) · P/S ratio 5.62 · EPS (TTM) ¥−0.2300 · Dividend yield 0.9% · Net margin 6.9% · Return on equity −10.3% · Return on assets (EBIT) −0.4% · Operating margin 7.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 60% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −3% fair-value upside, at −47%, 603103 screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 76 · Market factors (momentum, volatility) 29
Revenue & earnings trend
Growth Forecast
603103 screens 90% overvalued. Compare with Netflix, Inc →
Compare Hengdian Entertainment Co Ltd Class A with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Entertainment · 264 stocks
Valuation Multiplesvs Entertainment median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Communication Services sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Communication Services
- Undervalued stocks: Chinese Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Entertainment stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Netflix, Inc NFLX | $72.16 | $79.38 | +10% |
| The Walt Disney Company DIS | $103.82 | $100.87 | −3% |
| Warner Bros. Discovery, Inc WBD | $30.83 | $13.47 | −56% |
| Live Nation Entertainment, Inc LYV | $169.84 | $64.71 | −62% |
| Universal Music Group UMG | €14.55 | €16.00 | +10% |
| TKO Group TKO | $188.87 | $95.50 | −49% |
| Formula One Group FWONK | $94.62 | $104.08 | +10% |
| Fox Corporation FOXA | $64.25 | $89.49 | +39% |
| Roku, Inc ROKU | $154.25 | $42.88 | −72% |
| News Corporation NWS | A$45.40 | A$29.85 | −34% |
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Key figures of Hengdian Entertainment Co Ltd Class A
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