| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 28.78 | -39 |
| Intrinsic value (DCF) | 22.58 | -52 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
Dalian Sunasia Tourism Holding CO., LTD is a prominent Chinese leisure and entertainment company specializing in marine-themed tourism experiences. Founded in 1994 and headquartered in Dalian, China, the company operates integrated theme parks featuring aquariums, marine exploration landscapes, amusement rides, and biological specimen exhibitions. Sunasia's comprehensive business model extends beyond park operations to include catering services, commercial performances, wildlife domestication and breeding activities, and various tourism-related services. As a key player in China's growing consumer cyclical sector, the company capitalizes on the expanding domestic tourism market by offering unique marine entertainment experiences. Sunasia's diversified revenue streams include admission fees, food and beverage services, merchandise sales, and specialized tourism services, positioning it as a multifaceted leisure destination operator. The company's focus on marine conservation and education through its exhibition halls and breeding programs adds an educational dimension to its entertainment offerings, appealing to family audiences and school groups across China's northeastern region.
Dalian Sunasia presents a mixed investment profile with several concerning financial metrics. The company reported a net loss of CNY -70.2 million despite generating CNY 505.2 million in revenue for the period, indicating significant profitability challenges. While operating cash flow remains positive at CNY 195.1 million, the negative EPS of -0.54 CNY and absence of dividend payments raise concerns about near-term shareholder returns. The company's low beta of 0.235 suggests relative insulation from market volatility, which could be attractive to risk-averse investors, but the fundamental operational challenges and competitive pressure in China's crowded tourism market present substantial headwinds. The company's ability to leverage its unique marine theme park concept in a recovering post-pandemic tourism environment will be critical for future performance, though current financials suggest caution is warranted.
Dalian Sunasia operates in a highly competitive Chinese theme park and leisure market dominated by both international giants and domestic players. The company's competitive positioning relies on its specialized marine theme focus, which differentiates it from generic amusement parks but also limits its market appeal compared to broader entertainment offerings. Sunasia's regional concentration in Dalian and northeastern China provides local market knowledge and established presence but constrains geographic diversification. The company's integrated model combining aquariums, amusement rides, and educational exhibits creates a unique value proposition, though this requires substantial capital investment and operational expertise. Financially, the company's negative net income and EPS position it weaker than many competitors who have returned to profitability post-pandemic. The marine theme specialization represents both a strength (reduced direct competition) and weakness (limited scalability and audience appeal). Sunasia's challenge lies in monetizing its niche offering effectively while controlling operational costs in a capital-intensive industry where scale advantages typically favor larger competitors with more diversified entertainment portfolios.