Mobvoi, Inc. (HK:2438)
:2438
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Mobvoi, Inc.
(2438)
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Rating:46Neutral
Price Target:
HK$0.68
▲(14.58% Upside)
Action:ReiteratedDate:02/03/26
The score is primarily weighed down by weak financial performance (losses, negative equity, and unstable/absent cash flows), which outweighs the moderately positive technical trend. Valuation provides limited support because the negative P/E reflects losses and no dividend yield is available.
Positive Factors
Strategic Google Wear OS partnership
Integration with Google Wear OS provides durable ecosystem access and device compatibility, lowering software development burden and increasing user appeal. This strengthens distribution, accelerates adoption of future devices and services, and supports long-term monetization opportunities.
Negative Factors
Operating losses and declining 2024 revenue
Sustained operating losses and a material 2024 revenue decline weaken internal funding for innovation and marketing. Persisting top-line contraction undermines scale economics and increases reliance on external capital, constraining strategic initiatives and margin recovery prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Strategic Google Wear OS partnership
Integration with Google Wear OS provides durable ecosystem access and device compatibility, lowering software development burden and increasing user appeal. This strengthens distribution, accelerates adoption of future devices and services, and supports long-term monetization opportunities.
Read all positive factors
Mobvoi, Inc. (2438) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$588.56M
Dividend YieldN/A
Average Volume (3M)18.40M
Price to Earnings (P/E)―
Beta (1Y)2.18
Revenue GrowthN/A
EPS GrowthN/A
CountryHK
Employees222
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.05
Shares Outstanding1,548,844,400
10 Day Avg. Volume10,961,500
30 Day Avg. Volume18,403,850
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)2.54
Price to Sales (P/S)1.98
P/FCF Ratio-4.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Mobvoi, Inc. Business Overview & Revenue Model
Company Description
Mobvoi Inc., an investment holding company, provides smart devices and other accessories in Mainland China, the United States, the United Kingdom, Italy, Spain, Germany, Japan, Brazil, and internationally. It also offers artificial intelligence (A...
How the Company Makes Money
Mobvoi generates revenue through multiple streams, primarily from the sale of its hardware products, including smartwatches and accessories. The company offers various models of TicWatch, which have gained popularity for their unique features and ...
Mobvoi, Inc. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 406.59M | 390.35M | 507.06M | 500.19M | 397.91M | 264.53M |
| Gross Profit | 204.40M | 203.41M | 326.08M | 336.15M | 149.20M | 79.67M |
| EBITDA | -116.42M | -214.80M | -789.40M | -672.65M | -165.42M | -131.07M |
| Net Income | -145.63M | -721.49M | -802.60M | -669.80M | -276.30M | 90.47M |
Balance Sheet | ||||||
| Total Assets | 473.16M | 525.25M | 407.14M | 419.49M | 606.46M | 707.94M |
| Cash, Cash Equivalents and Short-Term Investments | 287.33M | 344.25M | 226.23M | 218.36M | 144.65M | 222.08M |
| Total Debt | 47.51M | 29.20M | 3.46M | 29.57M | 35.91M | 44.49M |
| Total Liabilities | 171.94M | 220.95M | 4.54B | 3.72B | 3.53B | 3.44B |
| Stockholders Equity | 301.23M | 304.30M | -4.13B | -3.30B | -2.92B | -2.73B |
Cash Flow | ||||||
| Free Cash Flow | -124.64M | -177.44M | 21.92M | 67.27M | -40.11M | -27.75M |
| Operating Cash Flow | -119.57M | -168.74M | 28.39M | 72.44M | -37.24M | -24.07M |
| Investing Cash Flow | -109.26M | -143.67M | 108.83M | -40.45M | -21.89M | 53.58M |
| Financing Cash Flow | 0.00 | 323.83M | -28.98M | -125.74M | -22.12M | -40.19M |
Mobvoi, Inc. Technical Analysis
Negative
0.59
Price Trends
0.59
Negative
0.59
Negative
0.61
Negative
Market Momentum
-0.05
Positive
19.50
Positive
18.18
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2438, the sentiment is Negative. The current price of 0.59 is above the 20-day moving average (MA) of 0.53, below the 50-day MA of 0.59, and below the 200-day MA of 0.61, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 19.50 is Positive, neither overbought nor oversold. The STOCH value of 18.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2438.
Mobvoi, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$6.30B | 70.80 | 7.02% | ― | 16.43% | 17.05% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | HK$6.40B | 3.91 | 74.52% | ― | ― | ― | |
58 Neutral | HK$630.15M | 15.36 | 2.16% | 6.63% | -16.76% | -50.21% | |
58 Neutral | HK$3.17B | 31.81 | 3.10% | ― | -9.32% | 477.27% | |
46 Neutral | HK$588.56M | -45.95 | -48.10% | ― | ― | ― | |
46 Neutral | HK$1.19B | -10.63 | -1.65% | ― | -17.23% | -6.20% |
* Technology Sector Average
HK:2438
Mobvoi, Inc.
0.38
0.10
35.71%
HK:6608
Bairong, Inc. Class B
8.28
1.69
25.64%
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Goldpac Group Ltd.
0.79
>-0.01
-1.13%
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6.85
0.07
1.03%
HK:0818
Hi Sun Technology (China) Limited
0.43
0.10
30.30%
HK:2598
Lianlian DigiTech Co., Ltd. Class H
5.69
-0.45
-7.33%
Mobvoi, Inc. Corporate Events
Mobvoi Grants 6.5 Million RSUs to Employees Under Post-IPO Incentive Scheme
Dec 24, 2025
Mobvoi Inc. has granted 6,548,390 award shares at no purchase price to 21 employees under its Post-IPO RSU Scheme, with the awards vesting in equal portions over four years from 24 December 2025. While there are no general performance targets or a...
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.