Mobvista, Inc. (HK:1860)
:1860
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Mobvista, Inc.
(1860)
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Rating:72Outperform
Price Target:
HK$16.50
▲(5.10% Upside)
Action:Upgraded
Date:05/02/26
The score is driven primarily by improving financial performance (stronger profitability, much lower leverage, and robust recent free cash flow) and supportive technical uptrend signals. The main offset is valuation, with a high P/E and no dividend yield provided.
Positive Factors
Cash Generation
Consistent positive operating and free cash flow in 2024–2025 demonstrates strong cash conversion and funds available for reinvestment, debt reduction, or strategic initiatives. Durable cash generation boosts financial flexibility and reduces reliance on external financing over the next 2–6 months.
Negative Factors
Thin Margins
Relatively low net margins leave little buffer against cost inflation or advertising price pressure. In advertising tech, compressed take-rates or higher traffic acquisition costs can quickly erode profitability, limiting free cash flow durability in weaker demand periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent positive operating and free cash flow in 2024–2025 demonstrates strong cash conversion and funds available for reinvestment, debt reduction, or strategic initiatives. Durable cash generation boosts financial flexibility and reduces reliance on external financing over the next 2–6 months.
Read all positive factors
Mobvista, Inc. (1860) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$22.32B
Dividend YieldN/A
Average Volume (3M)22.97M
Price to Earnings (P/E)8.9
Beta (1Y)0.94
Revenue Growth35.67%
EPS Growth301.55%
CountryHK
Employees711
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)0.04
Shares Outstanding1,574,154,200
10 Day Avg. Volume18,799,904
30 Day Avg. Volume22,970,511
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)10.38
Price to Sales (P/S)1.46
P/FCF Ratio18.77
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$23.62Price Target Upside50.42% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.08
Revenue Forecast (FY)HK$2.56B
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...
How the Company Makes Money
Mobvista makes money primarily by monetizing mobile advertising inventory and providing performance marketing/user-acquisition services. Key revenue streams typically include: (1) Advertising/marketing services for advertisers (performance-based a...
Mobvista, Inc. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
82
Very Positive
Cash Flow
76
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.05B | 1.51B | 1.05B | 894.40M | 755.41M |
| Gross Profit | 434.74M | 316.35M | 217.29M | 177.03M | 121.92M |
| EBITDA | 169.22M | 62.95M | 104.51M | -30.01M | 2.71M |
| Net Income | 61.71M | 15.74M | 21.80M | 14.99M | -24.96M |
Balance Sheet | |||||
| Total Assets | 883.89M | 814.66M | 691.55M | 602.07M | 746.97M |
| Cash, Cash Equivalents and Short-Term Investments | 186.18M | 188.54M | 185.37M | 137.28M | 172.52M |
| Total Debt | 23.72M | 128.02M | 127.66M | 87.46M | 93.62M |
| Total Liabilities | 587.48M | 592.34M | 432.44M | 354.04M | 387.61M |
| Stockholders Equity | 289.34M | 215.25M | 250.09M | 235.40M | 336.80M |
Cash Flow | |||||
| Free Cash Flow | 159.95M | 219.29M | 30.08M | 17.58M | -12.84M |
| Operating Cash Flow | 214.29M | 284.59M | 108.00M | 97.89M | 42.48M |
| Investing Cash Flow | -84.64M | -81.17M | -75.47M | -99.71M | 18.18M |
| Financing Cash Flow | -180.59M | -185.53M | 5.29M | -54.23M | 61.14M |
Mobvista, Inc. Technical Analysis
Negative
15.70
Price Trends
14.89
Negative
14.90
Negative
15.29
Negative
Market Momentum
-0.02
Positive
46.05
Neutral
12.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1860, the sentiment is Negative. The current price of 15.7 is above the 20-day moving average (MA) of 15.47, above the 50-day MA of 14.89, and above the 200-day MA of 15.29, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 46.05 is Neutral, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1860.
Mobvista, Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$22.32B | 8.94 | 24.66% | ― | 35.67% | 301.55% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | HK$2.61B | 15.82 | 9.22% | 0.94% | 23.33% | 50.23% | |
57 Neutral | HK$2.66B | 19.49 | 4.13% | ― | 63.98% | 2262.50% | |
55 Neutral | HK$636.00M | -13.87 | -5.86% | 1.90% | 6.14% | -122.97% | |
43 Neutral | HK$1.96B | -7.09 | -23.25% | ― | 106.79% | -93.86% | |
40 Underperform | HK$461.41M | -147.00 | -5.43% | ― | 319.04% | 88.85% |
* Communication Services Sector Average
HK:1860
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Mobvista, Inc. Corporate Events
Mobvista Schedules Board Meeting to Approve First-Quarter 2026 Results
May 19, 2026
Mobvista Inc. has announced that its board of directors will convene a meeting on 31 May 2026 to review and approve the company’s first-quarter results for the period ended 31 March 2026. Following approval, the company plans to publish thes...
Mobvista Reschedules Extraordinary Meeting and Adjusts Shareholder Record Dates
May 18, 2026
Mobvista Inc. has postponed its extraordinary general meeting, originally set for 29 May 2026, to 12 June 2026 so it can be held consecutively with the company’s annual general meeting in Singapore. The move is intended to make it easier for...
Mobvista Clarifies Share Registration Deadline Ahead of Extraordinary General Meeting
May 13, 2026
Mobvista Inc. has issued a clarification regarding administrative arrangements for its extraordinary general meeting scheduled for 29 May 2026. The company has corrected the last date for lodging share transfers with its Hong Kong branch share reg...
Mobvista Calls EGM to Revamp Share Unit Scheme and Approve Major Award Grant
May 11, 2026
Mobvista Inc. has called an extraordinary general meeting for 29 May 2026 in Singapore to seek shareholder approval for amendments to its existing Employee Restricted Share Unit Scheme. The revised scheme would cap the aggregate number of shares i...
Mobvista Sets 2026 AGM to Approve Results, Board Changes and Share Issue Mandate
Apr 29, 2026
Mobvista Inc. has convened its annual general meeting for 12 June 2026 in Singapore, where shareholders will review and adopt the audited consolidated financial statements and the reports of the directors and auditor for the year ended 31 December...
Mobvista Overhauls RSU Scheme to Expand Incentives and Tighten Governance
Mar 12, 2026
Mobvista plans to amend its Employee Restricted Share Unit Scheme to align with recent changes to Hong Kong listing rules and to expand its capacity for long-term incentives as rapid business growth has exhausted most existing RSU headroom. The re...
Mobvista Reshapes Top Leadership and Governance Roles
Mar 11, 2026
Mobvista Inc. announced a significant reshuffle of its senior leadership and governance roles, effective 11 March 2026, as part of efforts to strengthen its management structure and empower core executives. Executive director and CEO Cao Xiaohuan ...
Mobvista Sets Out Board Line-Up and Key Committee Roles
Mar 11, 2026
Mobvista Inc. has announced the current composition of its board of directors, comprising four executive directors, one non-executive director and three independent non-executive directors. The board is chaired by executive director Cao Xiaohuan, ...
Mobvista Delivers Record 2025 Results and Maps AI-Driven Growth Strategy
Mar 11, 2026
Mobvista reported record results for 2025, with revenue rising to US$2.05 billion and net revenue, gross profit, and adjusted EBITDA all showing strong year-on-year growth. Profit for the year climbed sharply to US$61.6 million, supported by impro...
Mobvista Flags Surging 2025 Earnings on Mobile Ad Tech Growth
Mar 2, 2026
Mobvista has issued a positive profit alert for 2025, flagging a sharp acceleration in growth as its Mintegral programmatic advertising platform benefits from rapid expansion in mobile ad and marketing technology. Management expects 2025 revenue t...
Mobvista Sets March Board Meeting to Approve 2025 Results and Mull Dividend
Feb 27, 2026
Mobvista Inc. has scheduled a board meeting for 11 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. At the same meeting, the board will also consider the declaration of a final dividend, signaling ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.