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Mobvista, Inc.
(1860)
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Rating:67Neutral
Price Target:
HK$10.50
▼(-33.12% Downside)
Action:Reiterated
Date:09/19/26
The score is primarily supported by improved fundamentals—stronger profitability, much lower leverage, and robust recent cash generation. This is tempered by a stretched technical setup (overbought signals) and a relatively high P/E valuation with no dividend yield provided.
Positive Factors
Revenue and profit growth
Meaningful revenue expansion alongside a clear move from earlier losses to positive earnings indicates improving operating scale and execution. The higher 2025 net margin also suggests that growth is translating into better profitability, supporting reinvestment and stronger earnings capacity over the next several quarters.
Negative Factors
Thin overall margins
Although profitability improved, overall margins remain relatively thin for the scale of the revenue base. Limited margin cushion means relatively small changes in pricing, media costs, or operating expenses could materially affect earnings, making durable profit expansion important for long-term financial resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit growth
Meaningful revenue expansion alongside a clear move from earlier losses to positive earnings indicates improving operating scale and execution. The higher 2025 net margin also suggests that growth is translating into better profitability, supporting reinvestment and stronger earnings capacity over the next several quarters.
Read all positive factors
Mobvista, Inc. (1860) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$15.38B
Dividend Yield2.16%
Average Volume (3M)11.48M
Price to Earnings (P/E)23.5
Beta (1Y)0.43
Revenue Growth25.61%
EPS Growth95.27%
CountryHK
Employees680
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)0.05
Shares Outstanding1,709,789,400
10 Day Avg. Volume10,297,617
30 Day Avg. Volume11,481,651
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$17.78Price Target Upside13.22% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.07
Revenue Forecast (FY)HK$2.53B
Mobvista, Inc. Business Overview & Revenue Model
Company Description
Mobvista Inc. is a global technology services firm, providing a diverse array of solutions. Its offerings encompass marketing technology instruments, notably advertising platforms such as Mintegral and Nativex, which facilitate advertising transac...
How the Company Makes Money
Mobvista primarily makes money by providing mobile advertising and marketing technology services that connect advertisers seeking app installs or other in-app outcomes with publishers/app developers who supply ad inventory. Key revenue streams gen...
Mobvista, Inc. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
82
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.26B | 2.05B | 1.51B | 1.05B | 894.40M | 755.41M |
| Gross Profit | 481.02M | 434.74M | 316.35M | 217.29M | 177.03M | 121.92M |
| EBITDA | 159.38M | 169.11M | 124.68M | 104.51M | 20.86M | 2.71M |
| Net Income | 76.04M | 61.71M | 15.74M | 21.80M | 14.99M | -24.96M |
Balance Sheet | ||||||
| Total Assets | 958.87M | 883.89M | 814.66M | 691.55M | 602.07M | 746.97M |
| Cash, Cash Equivalents and Short-Term Investments | 245.66M | 186.18M | 188.54M | 185.37M | 137.28M | 172.52M |
| Total Debt | 22.58M | 23.72M | 128.02M | 127.66M | 87.46M | 93.62M |
| Total Liabilities | 516.17M | 587.48M | 592.34M | 432.44M | 354.04M | 387.61M |
| Stockholders Equity | 435.63M | 289.34M | 215.25M | 250.09M | 235.40M | 336.80M |
Cash Flow | ||||||
| Free Cash Flow | 159.95M | 159.95M | 219.29M | 30.08M | 17.58M | -12.84M |
| Operating Cash Flow | 214.29M | 214.29M | 284.59M | 108.00M | 97.89M | 42.48M |
| Investing Cash Flow | -84.64M | -84.64M | -81.17M | -75.47M | -99.71M | 18.18M |
| Financing Cash Flow | -180.59M | -180.59M | -185.53M | 5.29M | -54.23M | 61.14M |
Mobvista, Inc. Technical Analysis
Negative
15.70
Price Trends
11.01
Negative
11.14
Negative
12.96
Negative
Market Momentum
-0.59
Positive
32.49
Neutral
16.54
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 10.96, above the 50-day MA of 11.01, and above the 200-day MA of 12.96, indicating a bearish trend. The MACD of -0.59 indicates Positive momentum. The RSI at 32.49 is Neutral, neither overbought nor oversold. The STOCH value of 16.54 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$15.38B | 23.53 | 23.78% | 2.16% | 25.61% | 95.27% | |
62 Neutral | HK$151.53M | 24.45 | 2.61% | ― | 17.40% | 175.00% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | HK$897.33M | 28.07 | 2.83% | ― | 18.66% | 335.22% | |
56 Neutral | HK$990.68M | -7.72 | -9.01% | 2.02% | -9.43% | -133.33% | |
45 Neutral | HK$500.49M | 100.00 | 1.73% | ― | 885.14% | ― | |
44 Neutral | HK$3.49B | -61.40 | -15.14% | ― | 95.63% | 20.22% |
* Communication Services Sector Average
HK:1860
Mobvista, Inc.
9.10
-8.74
-48.99%
HK:1163
Adtiger Corporations Limited
0.17
0.06
47.83%
HK:1753
Duiba Group Ltd.
0.92
0.67
268.00%
HK:0205
SEEC Media Group Limited
0.40
0.10
33.33%
HK:2422
Rego Interactive Co., Ltd.
2.12
1.52
253.33%
HK:2550
Easou Technology Holdings Limited
1.99
-1.08
-35.34%
Mobvista, Inc. Corporate Events
Mobvista Calls EGM to Revise RSU Scheme and Overhaul Corporate Governance
Oct 30, 2026
Mobvista Inc. has called an extraordinary general meeting for 19 November 2026 in Singapore to seek shareholder approval for amendments to its senior management restricted share unit scheme, which will be renamed the 2026 Existing Shares Restricte...
Mobvista Refines Articles and Share Schemes as It Expands Equity Incentives
Oct 26, 2026
Mobvista Inc. plans to update its constitutional documents to align with Hong Kong’s uncertificated securities market framework, a move that should streamline share handling and support its capital markets operations. At the same time, it is...
Mobvista Posts Double-Digit Revenue Growth Amid Resilient Mobile Ad Market
Aug 24, 2026
Mobvista reported strong interim financial results for the six months ended 30 June 2026, with revenue climbing 23.2% year-on-year to US$1.16 billion and net revenue up 21.5%. Gross profit rose 23.3%, while profit for the period jumped 44.8%, and ...
Mobvista Schedules Board Meeting to Review 2026 Interim Results and Dividend
Aug 12, 2026
Mobvista Inc. has scheduled a board meeting for 24 August 2026 to review and approve its interim results for the six months ended 30 June 2026. The board will also consider the potential declaration of an interim dividend, signaling possible share...
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.