Mobvista, Inc. (1860) AI Stock Analysis

• Market Cap: HK$23.47B
• Dividend Yield: N/A
• Average Volume (3M): 22.97M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.90
• Revenue Growth: 43.92%
• EPS Growth: -196.81%
• Country: HK
• Employees: 711
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): 0.12
• Shares Outstanding: 1,574,154,200
• 10 Day Avg. Volume: 18,799,904
• 30 Day Avg. Volume: 22,970,511
• PEG Ratio: -3.87
• Price to Book (P/B): 7.62
• Price to Sales (P/S): 1.09
• P/FCF Ratio: 7.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$24.63
• Price Target Upside: 63.11% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: HK$17.00 ▲(12.58% Upside)

Mobvista, Inc. demonstrates strong revenue growth and operational efficiency, which are significant strengths. However, the company faces challenges with profitability and cash flow consistency, reflected in a negative P/E ratio and lack of dividend yield. Technical indicators suggest potential bearish momentum, further impacting the overall score.

Positive Factors

Revenue Growth

The 43% revenue growth indicates strong market demand and effective business strategies, enhancing long-term competitiveness and market position.

Operational Efficiency

Improved gross profit margin reflects enhanced cost management, contributing to sustainable operational efficiency and long-term profitability.

Stable Balance Sheet

A moderate debt-to-equity ratio suggests financial stability, providing flexibility for future investments and growth opportunities.

Negative Factors

Profitability Challenges

Declining net profit margin due to rising expenses may hinder profitability, affecting long-term financial health and shareholder value.

Cash Flow Instability

Inconsistent cash flow generation limits liquidity and financial flexibility, potentially impacting the company's ability to invest in growth.

Declining Equity

Decreasing equity can limit the company's ability to raise capital and invest in growth, posing risks to long-term financial stability.

Mobvista, Inc. Business Overview & Revenue Model

Company Description

Mobvista Inc. operates as a technology service company worldwide. It offers marketing technology tools, including advertising technology platforms, which include Mintegral and Nativex serving advertising transactions; data analytics tools, such as GameAnalytics; and cloud computing tools, including SaaS tools (SpotMax) that helps customers to optimize cloud computing resource cost, as well as Reyun Data, a platform that focuses on the monitoring of mobile advertising delivery and data analysis. The company was founded in 2013 and is headquartered in Guangzhou, the People's Republic of China. Mobvista Inc. is a subsidiary of Seamless Technology Limited.

How the Company Makes Money

Mobvista generates revenue primarily through its mobile advertising services, where it earns money by facilitating ad placements for its clients on various mobile platforms. Key revenue streams include cost-per-install (CPI) and cost-per-click (CPC) models, where clients pay for user acquisitions and interactions with their ads. Additionally, Mobvista monetizes through its data analytics services, charging clients for insights and performance metrics that help optimize their marketing campaigns. Significant partnerships with mobile platforms and app developers enhance its offerings and expand its market reach, contributing to its overall earnings.

Mobvista, Inc. Financial Statement Overview

Summary

Mobvista, Inc. exhibits robust revenue growth and operational efficiency, yet faces challenges in profitability and cash flow consistency. The balance sheet is stable with manageable leverage, but declining equity suggests potential financial constraints.

Income Statement

Mobvista, Inc. has shown strong revenue growth with a 43% increase from 2023 to 2024. Gross profit margin slightly improved, indicating better cost management. However, net profit margin declined due to higher operational expenses, impacting profitability. EBIT and EBITDA margins are stable, reflecting consistent operational efficiency.

Balance Sheet

The debt-to-equity ratio is moderate, indicating manageable leverage levels. However, the decline in stockholders' equity reflects potential challenges in maintaining financial flexibility. Return on equity has decreased, affecting shareholder returns. The equity ratio suggests a healthy balance between debt and equity.

Cash Flow

Cash flow metrics reveal instability, with zero operating cash flow in 2024, impacting liquidity. Free cash flow has fluctuated, indicating inconsistent cash generation. The operating cash flow to net income ratio is unavailable, posing challenges in assessing cash efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.92B	1.51B	1.05B	894.40M	755.41M	516.15M
Gross Profit	409.44M	316.35M	217.29M	177.03M	121.92M	82.14M
EBITDA	113.40M	62.95M	104.51M	-30.01M	2.71M	7.36M
Net Income	-25.67M	15.74M	21.80M	14.99M	-24.96M	-5.21M
Balance Sheet
Total Assets	886.00M	814.66M	691.55M	602.07M	746.97M	497.61M
Cash, Cash Equivalents and Short-Term Investments	210.79M	188.54M	185.37M	137.28M	172.52M	93.58M
Total Debt	87.27M	128.02M	127.66M	87.46M	93.62M	68.01M
Total Liabilities	656.12M	592.34M	432.44M	354.04M	387.61M	229.80M
Stockholders Equity	222.80M	215.25M	250.09M	235.40M	336.80M	267.80M
Cash Flow
Free Cash Flow	0.00	219.29M	30.08M	17.58M	-12.84M	-20.11M
Operating Cash Flow	0.00	284.59M	108.00M	97.89M	42.48M	15.56M
Investing Cash Flow	0.00	-81.17M	-75.47M	-99.71M	18.18M	-29.62M
Financing Cash Flow	0.00	-185.53M	5.29M	-54.23M	61.14M	-14.30M

Mobvista, Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 15.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1860, the sentiment is Neutral. The current price of 15.1 is above the 20-day moving average (MA) of 14.86, below the 50-day MA of 16.43, and above the 200-day MA of 11.37, indicating a neutral trend. The MACD of -0.31 indicates Negative momentum. The RSI at 46.34 is Neutral, neither overbought nor oversold. The STOCH value of 34.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1860.

Mobvista, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
1860	58 Neutral	HK$23.47B	-115.53	-11.77%	―	43.92%	-196.81%
6113	58 Neutral	HK$840.00M	43.39	23.44%	1.90%	3.04%	-22.93%
1948	57 Neutral	HK$2.54B	19.90	8.02%	0.94%	40.20%	26.39%
2422	54 Neutral	HK$885.00M	-13.26	-16.52%	―	10.61%	-1448.48%
1762	53 Neutral	HK$1.20B	466.67	0.45%	―	35.73%	-88.89%
1640	39 Underperform	HK$2.14B	-25.25	-33.53%	―	309.32%	-205.04%

Mobvista, Inc. Corporate Events

Mobvista Reports Strong Q3 2025 Financial Results Driven by Mintegral’s Growth

Mobvista Inc. announced robust financial performance for the third quarter of 2025, with a 27.6% year-over-year revenue increase, driven primarily by its programmatic advertising platform, Mintegral. The platform’s smart bidding products, which account for over 80% of Mintegral’s revenue, have significantly contributed to this growth by enhancing advertising effectiveness and gaining advertiser trust. The company also reported a 126% increase in adjusted net profit, reflecting improved profitability in its core business operations.

Mobvista Inc. Schedules Board Meeting for Quarterly Results

Mobvista Inc. has announced that its Board of Directors will hold a meeting on November 21, 2025, to consider and approve the company’s third quarterly results for the period ending September 30, 2025. This announcement indicates the company’s ongoing commitment to transparency and regular financial reporting, which is crucial for maintaining investor confidence and market positioning.