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Fire Rock Holdings Limited (1909.HK)

HKD1.78 +0.02 (+1.14%)
CN HKSE Technology Electronic Gaming & Multimedia
Address Chongwen Garden, Nanshan iPark 518052
Shenzhen, CN
CEO Bo Gao
IPO 2016-02-18
ISIN KYG3524S1369

Explore sections of this company profile

Description

Fire Rock Holdings Limited functions as an investment holding enterprise, primarily specializing in the development of games for web browsers and mobile devices. Its market reach encompasses the People's Republic of China, North America, Europe, and the broader Asia Pacific region. The company's operations are segmented into two key areas: Game and Software Development, and Game Operation. To serve its global audience, Fire Rock provides its game titles in numerous linguistic versions, such as English, Japanese, Thai, French, German, Portuguese, Vietnamese, Indonesian, Russian, and Chinese. Additionally, the company licenses its game offerings to other operators, granting them specific rights to manage, publish, and distribute titles within agreed-upon timeframes and geographical areas. It also directly oversees the operation of its mobile game portfolio. Founded in 2011, Fire Rock Holdings Limited is headquartered in Shenzhen, People's Republic of China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD1.78 +0.02 (+1.14%)
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Volume Profile
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Liquidity & share structure
Average Volume
41.4K
Beta
0.83
Float Shares
136.54M
Free Float %
69.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.00% -0.49% -0.49% -33.33% +26.71% +27.50% +10.27% -81.79% -96.46% -48.22% -34.62%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.78
DCF (Unlevered) 1.53 -14.2%
DCF (Levered) 0.98 -44.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
10.81
Safe zone
Piotroski F-Score
2 / 9
Weak
MOAT Score
4 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Electronic Gaming & Multimedia: +4.1%
    +4.0% Q4'25: -52.8% (vs Q4'24)
  • EPS growth Electronic Gaming & Multimedia: +20.0%
    -271.6% Q4'25: +8.3% (vs Q4'24)
  • FCF margin FCF growth · Electronic Gaming & Multimedia: +41.4%
    -10.3% Q4'25: +8.6% (vs Q4'24)
  • EBIT margin Electronic Gaming & Multimedia: +10.3%
    +3.2% Q4'25: -10.4% (vs Q4'24)
  • ROIC Electronic Gaming & Multimedia: +6.6%
    +18.6% Q4'25: -59.9% (vs Q4'24)
  • Share dilution Electronic Gaming & Multimedia: +0.0%
    +2.5% Q4'25: +5.0% (vs Q4'24)
  • Debt / EBITDA Net debt/EBITDA · Electronic Gaming & Multimedia: -1.53×
    0.51× Q4'25: -0.26× (vs Q4'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.82) × ERP
WACC = 99% × Ke + 1% × Kd (4.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1.53 Current price: 1.78
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
Dec 2027
1 Rev. Ana.
Dec 2028
1 Rev. Ana.
Revenue
586.10M
est: 621.51M (-5.7%)
1.04B
est: 906.50M (+14.2%)
115.06M
est: 1.18B (-90.3%)
134.93M
est: 1.18B (-88.6%)
140.59M
est: 1.18B (-88.1%)
146.15M
est: 621.51M (-76.5%)
621.51M
621.51M – 621.51M
+0.0% YoY
906.50M
906.50M – 906.50M
+45.9% YoY
1.18B
1.18B – 1.18B
+30.3% YoY
EBITDA
484.61M
est: 193.94M (+149.9%)
-1.02B
est: 282.87M (-461.1%)
64.66M
est: 368.54M (-82.5%)
592.19M
est: 368.54M (+60.7%)
22.24M
est: 183.89M (-87.9%)
6.59M
est: 96.77M (-93.2%)
96.77M
96.77M – 96.77M
+0.0% YoY
141.14M
141.14M – 141.14M
+45.9% YoY
183.89M
183.89M – 183.89M
+30.3% YoY
EBIT
471.93M
est: 184.73M (+155.5%)
-1.09B
est: 269.43M (-506.1%)
62.69M
est: 351.03M (-82.1%)
589.93M
est: 351.03M (+68.1%)
19.13M
est: 168.50M (-88.6%)
4.74M
est: 88.67M (-94.7%)
88.67M
88.67M – 88.67M
+0.0% YoY
129.33M
129.33M – 129.33M
+45.9% YoY
168.50M
168.50M – 168.50M
+30.3% YoY
Net Income
386.18M
-1.21B
30.20M
559.91M
-17.07M
-64.38M
— – —
— – —
— – —
SGA
86.05M
est: 262.24M (-67.2%)
184.37M
est: 382.49M (-51.8%)
64.82M
est: 498.32M (-87.0%)
87.14M
est: 498.32M (-82.5%)
80.92M
est: 584.51M (-86.2%)
74.78M
est: 307.59M (-75.7%)
307.59M
307.59M – 307.59M
+0.0% YoY
448.64M
448.64M – 448.64M
+45.9% YoY
584.51M
584.51M – 584.51M
+30.3% YoY
EPS
2.01
-6.32
0.16
2.92
-0.09
-0.33
— – —
— – —
— – —
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-28 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-27 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-26 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-21 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-20 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-19 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-18 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-15 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-14 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-13 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-12 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-11 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-05-08 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-07 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-06 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-05 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-05-04 C+ 2/5 3/5 1/5 1/5 4/5 1/5 3/5
2026-04-30 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-29 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-28 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-27 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-24 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-23 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-22 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-21 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-20 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-17 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5
2026-04-16 C+ 2/5 3/5 1/5 1/5 3/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-39.97M
OE per share TTM
-0.21
Owner's Yield
-9.72%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
2.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
31.4K
Shares Outstanding
196.78M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Bo Gao Executive Director 1M male
Yan Wong Executive Director 1M female
Jun Wei Koa Chief Technology Officer & Executive Director 832.0K male
Leung Chu Joint Company Secretary male
Yan Zhang Chief Product Officer & Executive Chairman male
Zijuan Li Joint Company Secretary female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits