EN DE

Inly Media Co (603598) Fair Value & Analysis

Communication Services · CN · Market cap 4.9B CNY

IM Inly Media Co 603598 · SHG
Price¥18.14
Fair Value¥9.17
Upside-49.5%
Quality50/100
Watch Inly Media Co for free, get notified when fair value or trend changes. Watch for free
Healthy Growth
Thin margins · 0.2% net margin
Low debt · generates free cash flow
Trails peers (2/12)
Narrow moat 23/100
Evidence: High Range ¥6.68 – ¥11.60 Share as image

Fair value as of: Aug 11, 2026

From 25 valuation models · updated today

Fair value updated Aug 11, 2026, revised from ¥1.36 to ¥9.17 (+574.3%) since Jul 12, 2026. Share price +9.0% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (¥11.60). 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.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

¥32.40 ¥7.53 Fair Value ¥9.17 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 11, 2026.

How to read this chart

60‑month range ¥7.53 – ¥32.40 · fair‑value band ¥6.68 – ¥11.60 · the ¥18.14 price screens above the ¥9.17 fair value. Dashed = 300-day average. As of Aug 11, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Inly Media Co (603598) currently trades at ¥18.14, while our model-based Fair Value estimate is ¥9.17, implying the stock looks roughly 49.5% 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, Inly Media Co generated revenue of 8.5B CNY at a net margin of 0.2%. Revenue grew 11.7% year over year. It earns a return on equity of 9.6%. Net debt stands at 32.2M CNY. Fundamentals as of Aug 11, 2026

Our scenario range runs from ¥6.68 (bear case) to ¥11.60 (bull case); at ¥18.14, 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 47% below its 52-week high and 17% 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 -49%, 603598 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (¥0.5300 to ¥4.30). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ¥1.61 ¥2.48 ¥4.06 80
Residual Income ¥0.6500 ¥0.7000 ¥0.7700 76
ROIC Compounder ¥1.41 ¥1.66 ¥1.95 72
All 25 models by family
DCF Models
FCF DCF ¥1.66 ¥2.32 ¥4.13 38
Owner Earnings ¥2.31 ¥4.30 ¥8.30 31
5Y Revenue Exit ¥1.57 ¥2.36 ¥3.87 39
5Y EBITDA Exit ¥1.83 ¥2.93 ¥4.90 41
5Y P/E Exit ¥1.67 ¥2.73 ¥4.09 38
10Y Revenue Exit ¥1.56 ¥2.49 ¥3.65 36
10Y EBITDA Exit ¥1.77 ¥2.97 ¥5.16 37
10Y P/E Exit ¥1.66 ¥2.68 ¥4.40 35
Earnings-Based
Graham-Dodd ¥0.4300 ¥2.98 ¥4.19 54
Lynch FV ¥0.8800 ¥1.26 ¥1.63 50
PEG = 1.0 ¥0.8800 ¥1.26 ¥1.63 46
EPV ¥1.32 ¥1.42 ¥1.51 59
Dividend Discount
Gordon GGM ¥0.4500 ¥0.9000 ¥1.37 70
DDM Multi-Stage ¥0.4500 ¥0.7800 ¥0.9600 61
Multiples
P/E Multiple ¥1.05 ¥1.40 ¥1.75 63
P/S Multiple ¥0.8100 ¥1.08 ¥1.35 58
P/B Multiple ¥0.8100 ¥1.08 ¥1.35 55
EV/EBIT ¥1.76 ¥2.13 ¥2.50 53
EV/EBITDA ¥1.94 ¥2.37 ¥2.79 54
EV/Revenue ¥1.49 ¥1.85 ¥2.21 43
Asset-Based
NCAV (Graham) ¥0.3900 ¥0.5300 ¥0.7900 50
Growth DCF
Growth DCF ¥1.61 ¥2.48 ¥4.06 80
Economic Profit
Residual Income ¥0.6500 ¥0.7000 ¥0.7700 76
ROIC Compounder ¥1.41 ¥1.66 ¥1.95 72
Growth Earnings
Growth-Adj P/E ¥1.23 ¥1.76 ¥2.29 68

Widest divergence: DCF Models (¥2.68) versus Asset-Based (¥0.5300). Highest evidence: Growth DCF (80).

Notify me when 603598 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 8.5B CNY
Revenue growth (YoY) +11.7%
Net margin 0.2%
Return on equity 9.6%
Free cash flow 18.3M CNY FY2025
P/E ratio 270.0
More key figures
Operating margin 0.5%
EPS (TTM) ¥0.0700
EPS growth (YoY) +37.7%
Net debt 32.2M CNY FY2025

Figures from reported company fundamentals · as of Aug 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 50 · Market factors (momentum, volatility) 18

Profitability 41
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 43
Earnings quality: real cash, not paper profit
Fin. Strength 39
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 61
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

Inly Media Co., Ltd., together with its subsidiaries, provides digital marketing services in China, Hong Kong, and internationally. The company offers brand, social media, and integrated marketing; e-commerce marketing and operation; and data consulting, as well as communication strategy, media agency, and advertising services.

Full company description

Inly Media Co., Ltd., together with its subsidiaries, provides digital marketing services in China, Hong Kong, and internationally. The company offers brand, social media, and integrated marketing; e-commerce marketing and operation; and data consulting, as well as communication strategy, media agency, and advertising services. It also provides cultural communication; marketing planning; software and information technology services; and investment management. Inly Media Co., Ltd. was incorporated in 2005 and is headquartered in Beijing, China.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Inly Media Co reported revenue of ¥8.3B in FY2025 versus ¥5.5B in FY2021, a compound +10.8%/yr. Reported net income was ¥17.1M in FY2025.

Growth Quality 71/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
8.3B CNY
Latest YoY
+31.7%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.1%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.2%
Avg. growth/yr (14Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.5%
Revenue +10.8%/yr
FY21 ¥5.5B
FY22 ¥4.3B
FY23 ¥4.7B
FY24 ¥6.3B
FY25 ¥8.3B
Net income
FY21 −¥207M
FY22 −¥99.9M
FY23 ¥48.0M
FY24 −¥18.1M
FY25 ¥17.1M

603598 screens 49% overvalued. Compare with AppLovin Corporation →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Inly Media Co Fair Value". https://www.fairvalue-calculator.com/stock/603598

Peer Group

Advertising Agencies · 200 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 50 · Below median
Fair Value upside −49% · Below median
Return on equity (TTM) 10% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 12% · Above median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/E (TTM) 259.1× · Pricier than 75% of peers
P/B 23.04× · Pricier than 75% of peers
P/S (TTM) 0.58× · Pricier than median
P/FCF 39.6× · 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 0 · sector 17
FUTURE 59 · sector 9
PAST 38 · sector 8
HEALTH 93 · sector 98
DIVIDEND 0 · sector 66

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.

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 11, 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%
Mobvista Inc 1860 HK$11.15 HK$6.43 -42%

Compare Inly Media Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Communication Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Inly Media Co (603598) overvalued or undervalued?
As of Aug 11, 2026, our model estimates a fair value of ¥9.17 versus a price of ¥18.14, about −49% (overvalued).
What is the fair value of 603598?
Our model-based fair value for Inly Media Co is ¥9.17 (as of Aug 11, 2026), built from audited fundamentals. The current price is ¥18.14.
What is the quality score of 603598?
Inly Media Co has a Quality Score of 50/100. 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 Inly Media Co (603598)?
Inly Media Co reported trailing-twelve-month revenue of about 8.5B CNY (latest available figure, as of Aug 11, 2026).
What is the net profit margin of 603598?
The net profit margin of Inly Media Co is about 0.2%, meaning it keeps roughly 0.2% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Inly Media Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.