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Dynam Japan Holdings Co Ltd (6889) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$2.0B

DJ Dynam Japan Holdings Co Ltd 6889 · HK
PriceHK$3.16
Fair ValueHK$4.06
Upside+28.5%
Quality45/100
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Expensive Growth
Thin margins · 2.1% net margin
Moderate debt · generates free cash flow
8.87% dividend yield
Trails peers (3/11)
Narrow moat 25/100
Evidence: High Range HK$3.04 – HK$5.07 Share as image

Fair value as of: Aug 13, 2026

From 22 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$4.10 to HK$4.06 (−1.0%) since Aug 6, 2026. Share price +9.3% over the past month.

Below-average quality, screening 28% undervalued on our models.

What matters now

  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from HK$3.04 (bear) to HK$5.07 (bull), base HK$4.06. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 45/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

HK$5.95 HK$2.63 Fair Value HK$4.06 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$2.63 – HK$5.95 · fair‑value band HK$3.04 – HK$5.07 · the HK$3.16 price screens below the HK$4.06 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Dynam Japan Holdings Co Ltd (6889) currently trades at HK$3.16, while our model-based Fair Value estimate is HK$4.06, implying the stock looks roughly 28.5% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Consumer Cyclical 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, Dynam Japan Holdings Co Ltd generated revenue of HK$123B at a net margin of 2.1%. Revenue declined 1.4% year over year. It earns a return on equity of 2.0%. Net debt stands at HK$177B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$3.04 (bear case) to HK$5.07 (bull case); at HK$3.16, 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 13% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -10% fair-value upside, at 28%, 6889 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 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 HK$8.48 HK$11.44 HK$16.02 80
Rev-Margin DCF HK$4.24 HK$6.17 HK$8.66 74
ROIC Compounder HK$0.2691 HK$0.5956 HK$0.8677 72
All 22 models by family
DCF Models
FCF DCF HK$8.15 HK$11.27 HK$16.50 38
Owner Earnings HK$4.33 HK$6.30 HK$9.59 31
5Y Revenue Exit HK$4.24 HK$5.90 HK$8.29 39
5Y EBITDA Exit HK$19.72 HK$32.67 HK$49.82 41
5Y P/E Exit HK$3.84 HK$5.22 HK$6.89 38
10Y Revenue Exit HK$5.83 HK$7.14 HK$8.43 36
10Y EBITDA Exit HK$14.51 HK$22.26 HK$30.68 37
10Y P/E Exit HK$5.69 HK$6.76 HK$7.69 35
Earnings-Based
Graham-Dodd HK$1.26 HK$1.53 HK$1.73 54
EPV HK$0.2691 HK$0.5956 HK$0.8677 59
Multiples
P/E Multiple HK$3.05 HK$4.06 HK$5.08 63
P/S Multiple HK$2.35 HK$3.14 HK$3.92 58
P/B Multiple HK$2.35 HK$3.14 HK$3.92 55
EV/EBIT HK$3.23 HK$5.01 HK$6.80 53
EV/EBITDA HK$33.93 HK$45.95 HK$57.98 54
EV/Revenue HK$1.48 HK$3.03 HK$4.58 43
Asset-Based
NCAV (Graham) HK$4.71 HK$6.31 HK$9.41 50
Growth DCF
Growth DCF HK$8.48 HK$11.44 HK$16.02 80
Rev-Margin DCF HK$4.24 HK$6.17 HK$8.66 74
Economic Profit
Residual Income HK$6.21 HK$5.74 HK$4.14 61
ROIC Compounder HK$0.2691 HK$0.5956 HK$0.8677 72
Growth Earnings
Growth-Adj P/E HK$2.15 HK$3.07 HK$3.99 68

Widest divergence: DCF Models (HK$6.76) versus Earnings-Based (HK$0.5956). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$123B
Revenue growth (YoY) -1.4%
Net margin 2.1%
Return on equity 2.0%
Free cash flow HK$17.9B FY2026
P/E ratio 15.9 as of Jul 2, 2026
More key figures
Operating margin 8.1%
EPS (TTM) HK$4.40
Dividend yield 8.9%
EPS growth (YoY) +41.9%
Net debt HK$177B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 45 · Market factors (momentum, volatility) 49

Profitability 17
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 87
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

Dynam Japan Holdings Co., Ltd., through its subsidiaries, operates a chain of pachinko halls in Japan. It also provides real estate and property management services; accounting and administration services; cleaning services for pachinko halls; international freight forwarding services; and contracting services for construction works, and property …

Full company description

Dynam Japan Holdings Co., Ltd., through its subsidiaries, operates a chain of pachinko halls in Japan. It also provides real estate and property management services; accounting and administration services; cleaning services for pachinko halls; international freight forwarding services; and contracting services for construction works, and property transactions and management services. In addition, the company operates restaurants; provides management consultancy services; and leases aircraft. DYNAM JAPAN HOLDINGS Co., Ltd. was founded in 1967 and is headquartered in Tokyo, Japan.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Dynam Japan Holdings Co Ltd reported revenue of HK$124B in FY2026 versus HK$105B in FY2022, a compound +4.1%/yr. Reported net income was HK$2.6B in FY2026, compounding −15.0%/yr from FY2022.

Growth Quality 56/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
HK$124B
Latest YoY
−3.1%
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.
+1.8%
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.
+4.6%
Avg. growth/yr (16Y) 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.
−1.8%
Revenue +4.1%/yr
FY22 HK$105B
FY23 HK$117B
FY24 HK$130B
FY25 HK$128B
FY26 HK$124B
Net income −15.0%/yr
FY22 HK$5.0B
FY23 HK$1.8B
FY24 HK$3.4B
FY25 HK$4.0B
FY26 HK$2.6B
Character of growth · EPS growth decomposed (2015-2026) −11.1 % p.a.
Revenue per share −1.4 pp

of which total revenue −2.3 pp · buybacks/dilution +0.8 pp

EBIT margin −5.7 pp
Tax rate +0.8 pp
Residual (interest, one-offs) −4.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Dynam Japan Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6889

Peer Group

Gambling · 57 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 45 · Bottom 25%
Fair Value upside +29% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth -1% · Below median
Dividend yield (TTM) 8.9% · Top 25%
Debt / equity 0.50× · Higher than median

Valuation Multiples vs Gambling median · lower = cheaper

P/E (TTM) 15.9× · Pricier than median
P/FCF 0.0× · Cheaper 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 71 · sector 33
FUTURE 0 · sector 5
PAST 8 · sector 24
HEALTH 75 · sector 90
DIVIDEND 100 · sector 53

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Gambling

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 Dynam Japan Holdings Co Ltd (6889) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$4.06 versus a price of HK$3.16, about +28% (undervalued).
What is the fair value of 6889?
Our model-based fair value for Dynam Japan Holdings Co Ltd is HK$4.06 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$3.16.
What is the quality score of 6889?
Dynam Japan Holdings Co Ltd has a Quality Score of 45/100. 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 Dynam Japan Holdings Co Ltd (6889)?
Dynam Japan Holdings Co Ltd reported trailing-twelve-month revenue of about HK$123B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6889?
The net profit margin of Dynam Japan Holdings Co Ltd is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.
Does Dynam Japan Holdings Co Ltd pay a dividend?
Dynam Japan Holdings Co Ltd currently shows a dividend yield of about 8.87% relative to its recent price (as of Aug 13, 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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