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iDreamSky Technology Holdings Limited
(1119)
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Rating:46Neutral
Price Target:
HK$0.30
▼(-37.71% Downside)
Action:Reiterated
Date:09/22/26
The score is held back primarily by weak cash-flow durability and contracting revenue despite an improving profitability picture, plus a bearish technical setup with the price below key moving averages. Valuation further pressures the score due to a very high P/E without offsetting dividend support in the provided data.
Positive Factors
Improving Capital Structure
Declining debt-to-equity indicates a healthier capital structure and improving financial flexibility compared with recent years. Lower leverage can reduce balance-sheet pressure and leave more capacity to support operations or invest in the company’s mobile-game portfolio.
Negative Factors
Contracting Revenue
Multi-year revenue contraction limits confidence that the profitability improvement represents a durable recovery. A shrinking top line can reduce scale benefits, constrain investment in new content and user acquisition, and make future earnings more dependent on cost control than business expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Capital Structure
Declining debt-to-equity indicates a healthier capital structure and improving financial flexibility compared with recent years. Lower leverage can reduce balance-sheet pressure and leave more capacity to support operations or invest in the company’s mobile-game portfolio.
Read all positive factors
iDreamSky Technology Holdings Limited (1119) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$686.94M
Dividend YieldN/A
Average Volume (3M)1.16M
Price to Earnings (P/E)95.9
Beta (1Y)0.90
Revenue Growth4.87%
EPS GrowthN/A
CountryHK
Employees548
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,252,261,700
10 Day Avg. Volume977,880
30 Day Avg. Volume1,155,573
Financial Highlights & Ratios
PEG Ratio-0.57
Price to Book (P/B)0.55
Price to Sales (P/S)0.69
P/FCF Ratio117.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.33
Revenue Forecast (FY)HK$4.55B
iDreamSky Technology Holdings Limited Business Overview & Revenue Model
Company Description
Established in 2009 and headquartered in Shenzhen, China, iDreamSky Technology Holdings Limited operates as an investment holding company and a leading digital entertainment platform, with its primary focus on the Chinese game publishing market. T...
How the Company Makes Money
iDreamSky primarily makes money by publishing and operating games, earning revenue from player spending inside games (for example, purchases of virtual items, premium content, or in-game privileges) and, where applicable, from advertising/traffic ...
iDreamSky Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.37B | 1.34B | 1.51B | 1.92B | 2.59B | 2.64B |
| Gross Profit | 444.30M | 532.40M | 426.79M | 673.46M | 400.46M | 1.10B |
| EBITDA | 95.79M | 122.46M | -180.29M | -209.47M | -2.13B | 284.49M |
| Net Income | 9.28M | 15.94M | -528.83M | -556.35M | -2.49B | -157.48M |
Balance Sheet | ||||||
| Total Assets | 4.05B | 3.63B | 3.59B | 3.71B | 4.32B | 6.61B |
| Cash, Cash Equivalents and Short-Term Investments | 387.54M | 231.31M | 224.11M | 263.57M | 216.38M | 788.76M |
| Total Debt | 1.70B | 1.32B | 1.35B | 1.23B | 1.62B | 1.83B |
| Total Liabilities | 2.30B | 1.87B | 2.13B | 1.96B | 2.53B | 2.40B |
| Stockholders Equity | 1.67B | 1.68B | 1.37B | 1.65B | 1.62B | 3.94B |
Cash Flow | ||||||
| Free Cash Flow | -13.89M | 7.90M | -119.31M | 123.10M | 62.83M | 113.63M |
| Operating Cash Flow | -9.65M | 12.36M | 151.68M | 252.96M | 93.92M | 153.77M |
| Investing Cash Flow | -301.71M | -88.78M | -362.18M | -137.93M | -321.69M | -274.75M |
| Financing Cash Flow | 279.64M | 35.19M | 217.06M | -18.11M | -406.16M | 118.98M |
iDreamSky Technology Holdings Limited Technical Analysis
Negative
0.48
Price Trends
0.38
Negative
0.34
Negative
0.42
Negative
Market Momentum
-0.02
Positive
35.02
Neutral
7.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1119, the sentiment is Negative. The current price of 0.48 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.38, and above the 200-day MA of 0.42, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.02 is Neutral, neither overbought nor oversold. The STOCH value of 7.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1119.
iDreamSky Technology Holdings Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | HK$3.14B | 5.36 | 17.09% | 5.47% | -1.22% | 1.26% | |
77 Outperform | HK$2.47B | 6.07 | 13.07% | 16.95% | 18.51% | 13.18% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
48 Neutral | HK$677.39M | -5.46 | -7.16% | 4.90% | 42.65% | -1303.33% | |
46 Neutral | HK$686.94M | 95.85 | 0.56% | ― | 4.87% | ― | |
44 Neutral | HK$1.20B | -10.52 | -4.78% | 0.53% | -1.05% | 41.09% | |
42 Neutral | HK$511.41M | -0.45 | -38.88% | 2.76% | -30.74% | 64.20% |
* Communication Services Sector Average
HK:1119
iDreamSky Technology Holdings Limited
0.31
-0.52
-63.25%
HK:0799
IGG
2.74
-0.49
-15.09%
HK:2100
BAIOO Family Interactive
0.25
-0.27
-52.24%
HK:9990
Archosaur Games Inc.
1.50
-0.58
-27.88%
HK:2660
Zengame Technology Holding Ltd.
2.36
0.20
9.21%
HK:0302
CMGE Technology Group Limited
0.16
-0.24
-59.00%
iDreamSky Technology Holdings Limited Corporate Events
iDreamSky Adjusts Conversion Price on HK$386 Million Convertible Bonds After Discounted Placings
Oct 27, 2026
iDreamSky Technology Holdings has announced an adjustment to the conversion price of its HK$386 million 5.00% guaranteed convertible bonds due 2028, following recent share placings at discounts to the prevailing market price. The company completed...
iDreamSky Raises HK$56.6 Million to Accelerate AI-Driven Gaming R&D
Oct 27, 2026
iDreamSky Technology Holdings Limited has completed a placing of 187,856,000 new shares under its general mandate at HK$0.31 per share, raising gross proceeds of about HK$58.24 million and net proceeds of roughly HK$56.63 million. The new shares w...
iDreamSky Plans Share Placing to Fund AI and Game Development
Oct 15, 2026
iDreamSky Technology Holdings has agreed to place up to 187,856,000 new shares at HKD0.31 each through a best-effort placing arrangement with a placing agent, representing about 9.20% of its existing issued share capital and 8.43% of the enlarged ...
iDreamSky Posts Softer Profits as Evergreen Games Drive Multi-Platform Growth
Aug 27, 2026
iDreamSky Technology Holdings Limited is a Hong Kong-listed game publisher and operator specialising in overseas distribution of mobile and casual titles. Its portfolio centres on evergreen games such as Subway Surfers and Gardenscapes, built thro...
iDreamSky Schedules Board Meeting to Approve 2026 Interim Results and Dividend Plan
Aug 17, 2026
iDreamSky Technology Holdings has scheduled a board meeting for 27 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The board will also consider the potential declaration of an interim dividend, signalin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.