Maoyan Entertainment

DB:9ME Stock Report

Market Cap: €1.1b

Maoyan Entertainment Valuation

Is 9ME undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 9ME when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9ME (€0.95) is trading below our estimate of fair value (€1.28)

Significantly Below Fair Value: 9ME is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9ME?

Key metric: As 9ME is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9ME. This is calculated by dividing 9ME's market cap by their current earnings.
What is 9ME's PE Ratio?
PE Ratio10.9x
EarningsCN¥788.59m
Market CapCN¥8.59b

Price to Earnings Ratio vs Peers

How does 9ME's PE Ratio compare to its peers?

The above table shows the PE ratio for 9ME vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.4x
BVB Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien
n/a81.1%€351.6m
EDL Edel SE KGaA
7.8x9.7%€96.2m
EVD CTS Eventim KGaA
27.5x5.6%€8.7b
M8G Verve Group
13.9x22.0%€710.8m
9ME Maoyan Entertainment
10.9x13.6%€9.2b

Price-To-Earnings vs Peers: 9ME is expensive based on its Price-To-Earnings Ratio (10.9x) compared to the peer average (-1.2x).

Price to Earnings Ratio vs Industry

How does 9ME's PE Ratio compare vs other companies in the European Entertainment Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
9ME 10.9xIndustry Avg. 12.4xNo. of Companies10PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9ME is good value based on its Price-To-Earnings Ratio (10.9x) compared to the European Entertainment industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is 9ME's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

9ME PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.9x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: 9ME is good value based on its Price-To-Earnings Ratio (10.9x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 9ME forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.95
€1.10
+15.8%
18.2%€1.44€0.79n/a10
Nov ’25€0.89
€1.09
+23.1%
18.3%€1.43€0.79n/a10
Oct ’25€0.97
€1.06
+8.5%
18.2%€1.40€0.77n/a11
Sep ’25€0.70
€1.12
+59.1%
20.8%€1.56€0.78n/a11
Aug ’25€0.92
€1.46
+58.4%
6.0%€1.61€1.30n/a11
Jul ’25€0.93
€1.48
+59.6%
5.9%€1.63€1.32n/a10
Jun ’25€1.03
€1.48
+44.1%
5.9%€1.63€1.32n/a10
May ’25€1.12
€1.48
+32.5%
5.9%€1.63€1.32n/a10
Apr ’25€1.09
€1.55
+42.2%
14.3%€2.18€1.38n/a10
Mar ’25€1.04
€1.60
+53.5%
15.3%€2.18€1.36n/a10
Feb ’25€1.00
€1.59
+59.1%
15.1%€2.17€1.35n/a10
Jan ’25€1.01
€1.59
+57.5%
15.1%€2.17€1.35n/a10
Dec ’24€1.07
€1.64
+52.9%
13.9%€2.18€1.42n/a10
Nov ’24€1.10
€1.62
+47.3%
15.3%€2.21€1.25€0.8911
Oct ’24€1.38
€1.60
+16.2%
15.4%€2.19€1.24€0.9711
Sep ’24€1.24
€1.47
+18.7%
11.1%€1.78€1.21€0.7011
Aug ’24€1.01
€1.29
+28.0%
9.1%€1.49€1.07€0.9210
Jul ’24€0.82
€1.30
+58.1%
8.4%€1.52€1.09€0.9310
Jun ’24€0.76
€1.34
+78.0%
6.8%€1.55€1.24€1.0310
May ’24€0.98
€1.34
+37.1%
6.8%€1.55€1.24€1.1210
Apr ’24€0.98
€1.39
+41.7%
7.6%€1.59€1.24€1.0910
Mar ’24€1.09
€1.40
+28.0%
9.3%€1.66€1.23€1.049
Feb ’24€1.09
€1.22
+11.8%
20.9%€1.53€0.79€1.009
Jan ’24€1.06
€1.06
-0.4%
17.5%€1.42€0.78€1.0110
Dec ’23€0.91
€1.03
+13.4%
13.7%€1.20€0.80€1.0710
Nov ’23€0.63
€1.07
+69.5%
14.7%€1.25€0.80€1.1010

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

Ten Square Games

zł494.1m

Provides mobile games worldwide.

1HQ

zł18.32

7D

-0.8%

1Y

-7.2%

Baidu

US$30.0b

Provides online marketing and cloud services through an internet platform in the People’s Republic of China.

B1C

US$81.20

7D

1.0%

1Y

-21.5%

Ipsos

€1.9b

Through its subsidiaries, provides survey-based research services for companies and institutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

IPZ

€44.54

7D

-0.9%

1Y

-10.7%