行广发证券GF SECURITIES投资策略周报传媒重点公司估值和财务分析表合理价值EPS(元)PE(X)EV/E BITDA☒ROE(%)评饭(元/陵)2022E2023E2022E2023E2022E2023E2022E2023E300251.SZ人民币7.142022/8/27买入11.240.250.3728.5619.3032.7323.857.7010.20横店影视603103.SH人民币11.132022/8/25买入16.600.150.4674.2024.2014.559.816.1015.60300413.S2人民币25.302022/8/21买入36.571.251.4620.2417.334.483.8711.2011.70万达电影002739.SZ人民币9.842022/8/30买入14.80-0.140.4920.0815.428.553.7011.30300770.S2人民币31.542022/8/25买入46.373.093.4510.219.145.884.4319.6018.00蓝色光标300058.SZ人民币4.672022/8/29买入7.240.230.2920.3016.1010.9811.575.706.80002624.SZ人民币12.602022/8/14买入19.390.951.0813.2611.6721.2416.1614.4014.50吉比特603444.SH人民币256.042022/8/16买入397.9421.4625.2811.9310.138.907.2327.5028.10002555.SZ人民币15.262022/10/11买入25.981.30151117410.119.247.6521.0019.60分众传煤002027.S2人民币5.632022/8/17买入8.210.26216517.6110.2017.9024.20天下秀600556.SH人民币6.112022/8/29买入9.000.170.3035.9420.3740.4320.307.9012.10301102.SZ人民币26.542022/8/24买入45.391.512.0817.5812.767.965.849.6011.60000681.SZ人民币10.332022/4/29买入14.260.230.3944.9264929.8619.064.807.40新经典603096.SH人民币16.752022/8/29买入26.331.131.4614.8211.479.847.179.2010.60601098.SH人民币10.292022/8/25买入12.392.020.8611.5011.10中信出版300788.SZ人民币17.702022/8/30买入23.541.081286.244.589.6011.00601858.SH人民币7.262022/8/29买入9.270.620.6711.710.847.445.7110.109.80601928.SH人民币9.032022/8/24买入10.440.8710389614.463.1313.0012.30中国出版601949.SH人民币4.352022/9/2买入6.570.440.489899.065.464.379.609.50掌阅科技603533.SH人民币13.832021/8/17买入31.411.021.2813.5610.8018.3410.2320.6020.80值得买300785.SZ人民币32.502021/10/26买入102.962.943.7711.058.6218.3913.9713.1014.9001896.HK港元4.722022/8/21买入10.060.350.5814.898.998.374.244.909.80美团W03690.HK港元149.002022/8/28买入249.440.272.16609.3876.17162.4378.38-2.307.74心动公司02400.HK港元15.562022J4/5买入49.02-0.940.05343.645.8140.99-15.801.40泡泡玛特09992.HK港元12.802022/8/30买入35.000.650.8621.7516.4418.9413.8210.8512.5901928.HK港元16.242021/10/26买入21.590.151.49119.5512.0111.309.3048.5380.33美元11.182022/9/12买入27.56-18.59-7.30-73.00-36.00爱奇艺美元2.2120229/4买入8.120.201.2578.5512.571.711.631.006.00网易NTES.O美元68.602022/8/23买入127.7033.5036.9014.5613.2215.0013.0018.2017.90腾讯音乐TME.N美元3.832022/8/18买入8.382.422.7711.259.831.681.419.0011.00BOSS直聘BZ.O美元15.602022/8/24买入27.390.902.00123.2255.45125.0030.007.0014.00WB.O美元13.662022/9/4买入31.222.302.505.945.4615.107.904.208.5000700.HK港元249.202022/10/13买入428.9711.9413.8020.8718.0614.5013.9010.009.00百度BIDU.O美元100.292022/9/4买入187.0058.0077.0012.299.2614.0012.009.0012.00知乎ZH.N美元1.102022/9/5买入2.00-2.16-1.32-29.00-23.70京东健康06618.HK港元43.502022/9/2买入80.330.690.7569.6264.05366.93175.061.202.20快手W01024.HK港元48.752022/8/25买入94.42-1.921.1347.64150.1143.00-4.00603613.SH人民币124.202022/10/14买入163.782.213.6456.2034.1229.9917.8520.5025.20数拇来源：WMd、广发证券发展研究中心注：美殷上市公司货币单位采用美元，港殿上市公司货币单位采用港元，（学哩学里、爱奇艺、网易、腾讯音乐、BOSS直聘、知乎的PS单位为美元ADS。)识别风险，发现价值请务必阅读末页的免责声明2/29