Playmates Holdings Limited (PYHOF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Playmates Holdings Limited $0.09, price $0.06, upside +50.0%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 24, 2026.
How to read this chart
60‑month range $0.0225 – $0.0800 · fair‑value band $0.0780 – $0.0960 · the $0.0600 price screens below the $0.0900 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Playmates Holdings Limited, together with its subsidiary, engages in the creation, design, marketing, and distribution of toys in Hong Kong, the United States, rest of the Americas, Europe, the rest of the Asia Pacific, and internationally.
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Playmates Holdings Limited, together with its subsidiary, engages in the creation, design, marketing, and distribution of toys in Hong Kong, the United States, rest of the Americas, Europe, the rest of the Asia Pacific, and internationally. It operates through three segments: Property Investments and Management Businesses, Investment Business, and Toy Business. The Property Investments and Management Businesses segment invests in and leases commercial, industrial, and residential premises for rent; and provides property management services, such as repair and maintenance, building security, general cleaning for common areas, hand-over and take-over of premises, and the monitoring of reinstatement and refurbishment works. The Investment Business segment invests in financial instruments, including listed equity. The Toy Business segment designs, develops, markets, and distributes toys and family entertainment activity products. The company offers product design and development services, as well as property investment services. The company was founded in 1966 and is based in Tsim Sha Tsui, Hong Kong.
Stock analysis
Playmates Holdings Limited (PYHOF) currently trades at $0.0600, while our model-based Fair Value estimate is $0.0900, implying the stock looks roughly 33.3% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of $0.1900 per share, and 13 of the 13 models we run sit above the $0.0600 price.
Bear case: the Earnings-Based group reads lowest at $0.0800, and 0 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: $0.0780 (bear) to $0.0960 (bull), the price of $0.0600 sits below 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 54/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Playmates Holdings Limited reported revenue of HK$665M in FY2025 versus HK$861M in FY2021, a compound −6.2%/yr. Reported net income was −HK$362M in FY2025.
Key figures
Market cap $124M · P/S ratio 0.16 · EPS (TTM) $−0.0200 · Net margin −54.4% · Return on equity −6.9% · Return on assets (EBIT) −0.8% · Operating margin 12.2% · Revenue (TTM) HK$665M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Consumer Cyclical peers we cover trades at 39% fair-value upside, at 50%, PYHOF screens cheaper than that median.
Fair Value models
Bear $0.0780Fair Value $0.0900Bull $0.0960
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−39.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.6%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.4%
Start year 2020 (pandemic). Over 10 years: −9.4% a year
Revenue growth 27 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−90.0% (2020) → 8.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Playmates Holdings Limited with another stock
Price, fair value, quality and upside side by side.
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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.Leisure · 175 stocks
Beats the industry median on 5/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+70.6% · Top 25%
Profitability
Return on assets0.6% · Below median
Net margin (TTM)−54.5% · Bottom 25%
Operating margin (TTM)12.2% · Above median
Growth and dividend
Revenue growth−28.5% · Bottom 25%
Dividend yield (TTM)60.0% · Top 25%
Valuation Multiplesvs Leisure median · lower = cheaper
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Is Playmates Holdings Limited (PYHOF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.0900 versus a price of $0.0600, about +50% upside (undervalued).
What is the fair value of PYHOF?
Our model-based fair value for Playmates Holdings Limited is $0.0900 (as of Sep 24, 2026), built from audited fundamentals. The current price: $0.0600.
What is the quality score of PYHOF?
Playmates Holdings Limited has a Quality Score of 54/100. 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 price target for Playmates Holdings Limited (PYHOF)?
Our model-based price target is the fair value of $0.0900 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario $0.0780, optimistic scenario $0.0960. It is a calculation from audited fundamentals, not an analyst target.
What is the Playmates Holdings Limited stock forecast for 2026?
Our models put fair value at $0.0900, about +50% upside versus a price of $0.0600 (undervalued). Cautious scenario $0.0780, optimistic scenario $0.0960. The calculation is refreshed regularly with new filings.
What is the revenue of Playmates Holdings Limited (PYHOF)?
Playmates Holdings Limited reported trailing-twelve-month revenue of about HK$665M (latest available figure, as of Sep 24, 2026).
What growth is priced into Playmates Holdings Limited (PYHOF)?
For today's price to be fair in a discounted-cash-flow model, Playmates Holdings Limited would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PYHOF use?
Our models discount Playmates Holdings Limited at 12.7 %: a base by market capitalisation (micro), country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Playmates Holdings Limited that is less than minus 40 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Playmates Holdings Limited (PYHOF) delivered so far?
Over the past 5 years revenue at Playmates Holdings Limited grew +4.4 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Playmates Holdings Limited (PYHOF) growing?
The median revenue growth in the sector is +3.8 % a year. That is the yardstick for the growth priced into Playmates Holdings Limited (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Playmates Holdings Limited (PYHOF)?
The free-cash-flow yield on the price is 9.11 %: that much free cash flow Playmates Holdings Limited produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Playmates Holdings Limited (PYHOF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Playmates Holdings Limited it is $0.0900 per share (as of Sep 24, 2026), against a price of $0.0600. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Playmates Holdings Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PYHOF trades below its calculated fair value: price $0.0600, fair value $0.0900, a gap of about +50% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PYHOF?
No. The price is what the market pays today ($0.0600); the fair value is what the company's own numbers justify ($0.0900). For Playmates Holdings Limited the two are $0.0300 per share apart. That gap is exactly why we show both numbers side by side.
How much is Playmates Holdings Limited worth?
The market values Playmates Holdings Limited at about $124M (market capitalisation, as of Sep 24, 2026). Per share that is $0.0600; our models calculate a fair value of $0.0900 per share.
What do the bullish and bearish scenarios say about PYHOF?
Our models span a range for Playmates Holdings Limited: cautious scenario $0.0780, base $0.0900, optimistic $0.0960 per share (as of Sep 24, 2026, price $0.0600). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Playmates Holdings Limited (PYHOF)?
Balance-sheet figures for Playmates Holdings Limited (as of Sep 24, 2026): return on equity −6.9%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
Which stocks are comparable to Playmates Holdings Limited?
From the same area (Consumer Cyclical) we also value Pop Mart International Group, ANTA Sports Products Limited, Amer Sports, Inc, Hasbro, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Playmates Holdings Limited stock attractive at the current price?
The data as of Sep 24, 2026: price $0.0600, calculated fair value $0.0900 (+50%), Quality Score 54/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PYHOF calculated?
We run Playmates Holdings Limited through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0900, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Playmates Holdings Limited currently trades 33 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Playmates Holdings Limited (PYHOF)?
The closing price on Oct 2, 2026 was $0.0600. Our model-based fair value is $0.0900, about +50% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Playmates Holdings Limited right now?
The price is below even our cautious bear case ($0.0780). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Playmates Holdings Limited
How large is the market capitalisation of Playmates Holdings Limited (PYHOF)?
The market capitalisation of Playmates Holdings Limited is $124M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Playmates Holdings Limited (PYHOF)?
The price-to-sales ratio of Playmates Holdings Limited is 0.16 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Playmates Holdings Limited (PYHOF)?
Earnings per share at Playmates Holdings Limited are $−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Playmates Holdings Limited (PYHOF)?
The net margin of Playmates Holdings Limited is −54.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Playmates Holdings Limited (PYHOF)?
The return on equity (ROE) of Playmates Holdings Limited is −6.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Playmates Holdings Limited (PYHOF)?
On an EBIT basis the return on assets of Playmates Holdings Limited is −0.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Playmates Holdings Limited (PYHOF)?
The operating margin of Playmates Holdings Limited is 12.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Playmates Holdings Limited (PYHOF)?
Revenue at Playmates Holdings Limited is growing −28.5% versus a year earlier (3y avg −2.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Playmates Holdings Limited (PYHOF)?
Earnings per share at Playmates Holdings Limited are growing −20.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Playmates Holdings Limited (PYHOF) hold?
Playmates Holdings Limited holds more cash than debt, HK$889M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Sep 24, 2026