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China South Publishing & Media Group Co Ltd (601098) Fair Value & Analysis

Communication Services · CN · Market cap 18.7B CNY (≈ $2.8B) · ISIN CNE100000W03

What is China South Publishing & Media Group Co Ltd really worth?

CS China South Publishing & Media Group Co Ltd 601098 · SHG
Price¥10.16
Fair Value¥14.66
Upside+44.3%
Quality59/100

A solid business, trading 31% below our fair value of ¥14.66.

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Strengths

Solidly profitable · 12.7% net margin
Ranks above peers (11/14)

Risks

!Expensive Growth (revenue 5y +3.8 %/yr)
!Low debt · negative free cash flow
!Moderate moat 45/100
!Weak on future: 6 out of 100

For context

·5.41% dividend yield
Evidence: High Range ¥9.50 – ¥15.57

Fair value as of: Sep 5, 2026

From 17 valuation models · updated today

Share price −5.5% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

¥15.14 ¥7.21 Fair Value ¥14.66 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range ¥7.21 – ¥15.14 · fair‑value band ¥9.50 – ¥15.57 · the ¥10.16 price screens below the ¥14.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

China South Publishing & Media Group Co Ltd (601098) currently trades at ¥10.16, while our model-based Fair Value estimate is ¥14.66, implying the stock looks roughly 30.7% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Communication Services sector. Bull case: the DCF Models group reads highest at a median of ¥20.51 per share, and 12 of the 17 models we run sit above the ¥10.16 price. Bear case: the Earnings-Based group reads lowest at ¥5.40, and 5 of the 17 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, China South Publishing & Media Group Co Ltd generated revenue of 12.6B CNY at a net margin of 12.7%. Revenue grew 1.1% year over year. It earns a return on equity of 10.0%. The balance sheet holds a net cash position of 12.4B CNY. Fundamentals as of Sep 5, 2026

Our scenario range runs from ¥9.50 (bear case) to ¥15.57 (bull case); at ¥10.16, 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 27% below its 52-week high, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 4% fair-value upside, at 44%, 601098 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.2378 per share, which is 1.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Owner Earnings ¥15.62 ¥20.51 ¥27.88 77
Residual Income ¥7.93 ¥8.77 ¥12.45 76
EPV ¥14.20 ¥15.48 ¥16.60 74
All 17 models by family
DCF Models
Owner Earnings ¥15.62 ¥20.51 ¥27.88 77
Earnings-Based
Graham-Dodd ¥6.04 ¥17.93 ¥23.73 65
Lynch FV ¥3.78 ¥5.40 ¥7.02 61
PEG = 1.0 ¥3.78 ¥5.40 ¥7.02 57
EPV ¥14.20 ¥15.48 ¥16.60 74
Dividend Discount
Gordon GGM ¥5.05 ¥10.50 ¥16.66 66
DDM Multi-Stage ¥5.05 ¥8.18 ¥11.02 66
Multiples
P/E Multiple ¥14.65 ¥19.53 ¥24.41 63
P/S Multiple ¥11.32 ¥15.09 ¥18.86 58
P/B Multiple ¥11.32 ¥15.09 ¥18.86 55
EV/EBIT ¥18.18 ¥22.08 ¥25.98 66
EV/EBITDA ¥16.63 ¥20.01 ¥23.39 67
EV/Revenue ¥15.36 ¥19.16 ¥22.96 54
Asset-Based
NCAV (Graham) ¥4.50 ¥6.03 ¥9.00 54
Economic Profit
Residual Income ¥7.93 ¥8.77 ¥12.45 76
ROIC Compounder ¥14.65 ¥16.58 ¥18.69 72
Growth Earnings
Growth-Adj P/E ¥11.86 ¥16.95 ¥22.03 67

Widest divergence: DCF Models (¥20.51) versus Earnings-Based (¥5.40). Highest evidence: Owner Earnings (77).

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Key figures & financial health

P/E ratio 11.3
P/S ratio 1.43 P/E × margin
EPS (TTM) ¥0.9000 price ÷ EPS = P/E 11.3
Dividend yield 5.4% payout 61.1%
Net margin 12.7% FY2025
Return on equity 10.0% TTM
More key figures
Profitability
Return on assets (EBIT) 6.7% avg 5y
Operating margin 13.5% TTM
Growth
Revenue (TTM) 12.6B CNY TTM
Revenue growth (YoY) +1.1% 3y avg +0.4%
EPS growth (YoY) +5.0%
Balance sheet & cash flow
Free cash flow −1.6B CNY FY2025
Net cash 12.4B CNY FY2024

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 56 · Market factors (momentum, volatility) 43

Profitability 43
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 84
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

China South Publishing & Media Group Co., Ltd, together with its subsidiaries, engages in the publishing, printing, distribution, media, and financing businesses in China.

Full company description

China South Publishing & Media Group Co., Ltd, together with its subsidiaries, engages in the publishing, printing, distribution, media, and financing businesses in China. It offers publishing products, including general and textbooks; and prints publications, newspapers, packages, bills and receipts, anti-counterfeit, digital and imposition products, etc., as well as distributes publications and stationery commodities. The company is also involved in the publishing of magazines, and websites, as well as digital education activities; organization of automobile exhibitions; and provision of financial services, including deposit inducement, loan, financing lease, bill acceptance, discounting of bill, guarantees, entrusted loans and investment, insurance agents, financial and financing consultancy, etc. The company was founded in 2008 and is headquartered in Changsha, China. China South Publishing & Media Group Co., Ltd is a subsidiary of HUNAN PUBLISHING INVESTMENT HOLDING GROUP CO., LTD.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China South Publishing & Media Group Co Ltd reported revenue of 12.6B CNY in FY2025 versus 11.3B CNY in FY2021, a compound +2.7%/yr. Reported net income was 1.6B CNY in FY2025, compounding +1.3%/yr from FY2021.

Growth Quality 33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
12.6B CNY
Latest YoY
−5.6%
Avg. revenue 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.
+0.4%
Avg. revenue 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.
+3.8%
Avg. revenue growth/yr (18Y) 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.
+7.9%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+7.3% (1.9 + 5.4)
Revenue +2.7%/yr
FY21 11.3B CNY
FY22 12.5B CNY
FY23 13.6B CNY
FY24 13.3B CNY
FY25 12.6B CNY
Net income +1.3%/yr
FY21 1.5B CNY
FY22 1.4B CNY
FY23 1.9B CNY
FY24 1.4B CNY
FY25 1.6B CNY
Character of growth · EPS growth decomposed (2013-2024) +0.8 % p.a.
Revenue per share +4.2 %

of which total revenue +4.2 % · buybacks/dilution +0.0 %

EBIT margin −1.6 %
Tax rate −0.1 %
Residual (interest, one-offs) −1.6 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "China South Publishing & Media Group Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/601098

Peer Group

Publishing · 108 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 59 · Below median
Fair Value upside +44% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 1% · Above median
Dividend yield (TTM) 5.4% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Publishing median · lower = cheaper

P/E (TTM) 11.3× · Cheaper than median
P/B 1.16× · Pricier than median
P/S (TTM) 1.48× · Pricier than median
EV/EBITDA 4.0× · Cheaper than 75% of peers
PEG 1.08× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE92 · sector 39
FUTURE6 · sector 0
PAST40 · sector 22
HEALTH100 · sector 99
DIVIDEND100 · sector 55

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

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Frequently asked questions

Is China South Publishing & Media Group Co Ltd (601098) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of ¥14.66 versus a price of ¥10.16, about +44% upside (undervalued).
What is the fair value of 601098?
Our model-based fair value for China South Publishing & Media Group Co Ltd is ¥14.66 (as of Sep 5, 2026), built from audited fundamentals. The current price: ¥10.16.
What is the quality score of 601098?
China South Publishing & Media Group Co Ltd has a Quality Score of 59/100. 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 China South Publishing & Media Group Co Ltd (601098)?
China South Publishing & Media Group Co Ltd reported trailing-twelve-month revenue of about 12.6B CNY (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 601098?
The net profit margin of China South Publishing & Media Group Co Ltd is about 12.7%, meaning it keeps roughly 12.7% of revenue as net income. Based on the latest reported figures.
Does China South Publishing & Media Group Co Ltd pay a dividend?
China South Publishing & Media Group Co Ltd currently shows a dividend yield of about 5.41% relative to its recent price (as of Sep 5, 2026).
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