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iDreamSky Technology Holdings Limited
(1119)
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Rating:52Neutral
Price Target:
HK$0.39
▼(-17.92% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily held back by weak cash-flow performance and still-fragile fundamental quality despite a return to profitability. Technicals are supportive with strong price momentum, but overbought readings increase short-term reversal risk. Valuation is also a headwind given the high P/E and no dividend support.
Positive Factors
Early Profitability Recovery
Returning to profit alongside positive EBIT and EBITDA margins indicates operating economics improved from the loss period. If this recovery persists, it can support reinvestment in game content and user engagement, although the still-thin net margin means durability remains unproven.
Negative Factors
Multi-Year Revenue Contraction
Persistent revenue contraction weakens evidence of durable user demand and limits the scale available to cover publishing, operating, and content costs. Even with improved margins, continued top-line decline can constrain reinvestment and make the recent return to profitability harder to sustain over coming periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Early Profitability Recovery
Returning to profit alongside positive EBIT and EBITDA margins indicates operating economics improved from the loss period. If this recovery persists, it can support reinvestment in game content and user engagement, although the still-thin net margin means durability remains unproven.
Read all positive factors
iDreamSky Technology Holdings Limited (1119) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$825.76M
Dividend YieldN/A
Average Volume (3M)5.40M
Price to Earnings (P/E)123.4
Beta (1Y)1.00
Revenue Growth4.87%
EPS GrowthN/A
CountryHK
Employees548
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)<0.01
Shares Outstanding2,064,405,800
10 Day Avg. Volume4,745,680
30 Day Avg. Volume5,402,520
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 | 90.24M | 110.83M | -148.15M | -209.47M | -2.13B | 251.24M |
| 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 | -15.38M | 7.90M | -119.31M | 123.10M | 62.83M | 113.63M |
| Operating Cash Flow | -11.40M | 12.36M | 151.68M | 252.96M | 93.92M | 153.77M |
| Investing Cash Flow | -94.65M | -88.78M | -362.18M | -137.93M | -321.69M | -274.75M |
| Financing Cash Flow | 153.09M | 35.19M | 217.06M | -18.11M | -406.16M | 118.98M |
iDreamSky Technology Holdings Limited Technical Analysis
Neutral
0.48
Price Trends
0.35
Positive
0.36
Positive
0.46
Negative
Market Momentum
0.02
Positive
48.11
Neutral
6.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1119, the sentiment is Neutral. The current price of 0.48 is above the 20-day moving average (MA) of 0.44, above the 50-day MA of 0.35, and above the 200-day MA of 0.46, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 48.11 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$3.57B | 6.04 | 17.09% | 4.79% | -1.22% | 1.26% | |
77 Outperform | HK$2.41B | 5.95 | 13.07% | 17.39% | 18.51% | 13.18% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | HK$825.76M | 123.41 | 0.56% | ― | 4.87% | ― | |
45 Neutral | HK$746.51M | -5.94 | -7.16% | 4.53% | 42.65% | -1303.33% | |
44 Neutral | HK$1.34B | -11.58 | -4.78% | 0.53% | -1.05% | 41.09% | |
39 Underperform | HK$580.02M | -0.53 | -38.88% | 2.76% | -30.74% | 64.20% |
* Communication Services Sector Average
HK:1119
iDreamSky Technology Holdings Limited
0.39
-0.71
-64.55%
HK:0799
IGG
3.08
-0.63
-17.03%
HK:2100
BAIOO Family Interactive
0.27
-0.28
-51.11%
HK:9990
Archosaur Games Inc.
1.64
-0.53
-24.42%
HK:2660
Zengame Technology Holding Ltd.
2.30
0.06
2.50%
HK:0302
CMGE Technology Group Limited
0.19
-0.28
-59.57%
iDreamSky Technology Holdings Limited Corporate Events
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...
iDreamSky Grants Nearly 10 Million Performance-Linked Share Options
Jul 23, 2026
iDreamSky Technology Holdings has granted 9,963,433 share options to six employees, including two directors, under its 2023 New Share Option Scheme, with each option allowing subscription for one share at an exercise price of HKD0.283. The options...
iDreamSky Shareholders Back All AGM Resolutions, Renew Capital Mandates
Jun 30, 2026
Shareholders of iDreamSky Technology Holdings Limited approved all resolutions at the annual general meeting held on 30 June 2026 in Hong Kong. Voting was conducted by poll, with the company’s share registrar acting as scrutineer, and all ni...
iDreamSky expands on-market share purchases under 2023 incentive scheme
Jun 25, 2026
iDreamSky Technology Holdings has reported that its trustee has continued to buy back shares on the market under the company’s 2023 Share Incentive Scheme, acquiring 5,350,400 shares since 11 May 2026 for about HK$2 million. In total, the tr...
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.