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Alibaba-affiliated online ticketing and live-entertainment platform for concerts, shows and events in China.
Alibaba-affiliated online ticketing and live-entertainment platform for concerts, shows and events in China.
Takes booking fees on tickets it sells for organisers, and also earns directly from promoting and producing live events. Alibaba Group is the controlling shareholder. A year's results swing on which big tours and shows come to market.
In one line: China's Ticketmaster/Live Nation ticketing arm.
Moat: narrow (network effects, brand, distribution). Leading Chinese ticketing platform benefiting from Alibaba's ecosystem distribution and a large event-organizer network.
Headquarters: Hangzhou/Beijing, China · Employees: 1,941
Size Damai Entertainment (1060.HK) is a Hong Kong Communication Services company (Movies/Entertainment) with a market value of $1.74B, the 451st largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$0.46 on 6 Nov 2026.
Performance Over six months the shares fell 25.4%, against +10.5% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 21.9% over the last twelve months (peer median -1.5%); the operating margin is 5.6% (peer median 8.9%).
Valuation It trades at 13.9× forward earnings against a peer median of 20.8× (4th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -31 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.3 points below its cost of capital (12.9% WACC).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$8.82B | HK$8.82B | HK$7.24B | HK$5.50B | HK$4.00B |
| Revenue growth | — | +22% | +32% | +37% | — |
| Gross profit | HK$3.04B | HK$2.94B | HK$2.60B | HK$2.16B | HK$1.25B |
| EBITDA | HK$672M | HK$676M | HK$693M | HK$366M | HK$121M |
| Net income | HK$771M | HK$775M | HK$393M | HK$327M | -HK$333M |
| Free cash flow | HK$2.93B | HK$2.89B | -HK$1.11B | HK$1.06B | HK$768M |
| Capital expenditure | HK$182M | HK$180M | HK$190M | HK$13.0M | HK$11.3M |
| Total debt | n/a | HK$316M | HK$710M | HK$69.6M | HK$167M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Damai Entertainment 1060.HK | $1.74B | -25% | +22% | 6% | 13.9× | -9.1% |
| Live Nation Entertainment LYV | $41.3B | +7% | +11% | 6% | 125.4× | 18.6% |
| Maoyan Entertainment 1896.HK | $547M | -38% | -7% | 9% | 12.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1060.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.1% | +13.6% | 9th lowest of 21 |
| 6-month return | -25.4% | +10.5% | 2nd lowest of 21 |
| Distance from 52-week high | -57.9% | -18.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | +21.9% | -1.5% | 3rd highest of 21 |
| Operating margin | 5.6% | 8.9% | 8th lowest of 21 |
| Forward P/E | 13.9× | 20.8× | 4th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -9.1% | 5.5% | least demanding of 16 |
| Growth delivered (Del g) | +22.0% | +18.3% | 6th highest of 16 |
| Hurdle (Req g minus delivered) | -31.1 pp | -14.5 pp | 3rd least demanding of 16 |
| ROIC minus cost of capital | -9.3 pp | -1.5 pp | 5th lowest of 21 |
| EV / EBITDA | 8.7× | 8.5× | 6th cheapest of 11 |
| Net debt / EBITDA | -12.1× | 2.7× | least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Damai Entertainment 1060.HK | Hong Kong | $1.74B | -25% | +22% | 6% | 13.9× | -9.1% | +22.0% |
| EVT EVT.AX | Australia | $1.78B | +39% | +7% | 9% | 35.0× | 21.0% | +18.0% |
| United Parks & Resorts PRKS | United States | $1.81B | +2% | -4% | 21% | 11.4× | 0.2% | +30.9% |
| PVR Inox PVRINOX.NS | India | $1.63B | +47% | +14% | 16% | 28.7× | 15.7% | +88.3% |
| Hengdian Entertainment 603103.SS | China | $1.62B | -18% | -27% | -10% | n/a | 36.1% | +18.3% |
| Shenzhen Overseas Chinese Town 000069.SZ | China | $2.00B | -25% | -22% | -32% | n/a | 1.1% | -17.4% |
| Tabcorp TAH.AX | Australia | $1.45B | +28% | 0% | 9% | 28.6× | 5.5% | +0.1% |
| Cultural Investment 600715.SS | China | $1.43B | +15% | -27% | -44% | n/a | n/a | n/a |
| Songcheng Performance Development 300144.SZ | China | $2.17B | -29% | -15% | 37% | 20.8× | 5.6% | +20.1% |
| ROUND ONE 4680.T | Japan | $2.22B | +42% | +21% | 15% | 16.3× | 4.3% | +25.5% |
| Heiwa 6412.T | Japan | $1.32B | +16% | +47% | 16% | 10.2× | 4.1% | +19.1% |
| SM ENTERTAINMENT 041510.KS | South Korea | $1.31B | -19% | +10% | 14% | 15.5× | -9.1% | +15.2% |
| Prime Focus PFOCUS.NS | India | $2.36B | -7% | +29% | 16% | n/a | 26.0% | +12.6% |
| Beijing Jetsen Technology 300182.SZ | China | $2.36B | +6% | -23% | 9% | 37.1× | n/a | n/a |
| MSG Rangers MSGR | United States | $2.37B | +1,624% | +2% | -9% | n/a | n/a | n/a |
| Saregama India SAREGAMA.NS | India | $1.26B | +77% | -3% | 28% | 46.6× | n/a | n/a |
| Shanghai Film 601595.SS | China | $2.40B | +47% | -18% | -2% | 264.9× | 57.0% | +24.4% |
| China Star Entertainment 0326.HK | Hong Kong | $2.54B | -10% | -69% | -157% | n/a | n/a | n/a |
| Bona Film 001330.SZ | China | $1.17B | -25% | -29% | -34% | n/a | 24.0% | -4.9% |
| Compagnie des Alpes CDA.PA | France | $1.11B | -11% | +8% | 13% | 8.1× | 2.6% | +17.8% |
| Accel Entertainment ACEL | United States | $1.10B | +18% | +9% | 8% | 15.6× | 0.8% | +33.3% |