2131 Stock Overview
Netjoy Holdings Limited, an investment holding company, principally engages in the provision of online advertising services in the People’s Republic of China.
Netjoy Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$1.39|
|52 Week High||HK$4.85|
|52 Week Low||HK$1.22|
|1 Month Change||-9.15%|
|3 Month Change||-28.72%|
|1 Year Change||-64.90%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-82.88%|
Recent News & Updates
Some Investors May Be Worried About Netjoy Holdings' (HKG:2131) Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
|2131||HK Media||HK Market|
Return vs Industry: 2131 underperformed the Hong Kong Media industry which returned -46.5% over the past year.
Return vs Market: 2131 underperformed the Hong Kong Market which returned -21.6% over the past year.
|2131 Average Weekly Movement||7.4%|
|Media Industry Average Movement||11.5%|
|Market Average Movement||6.5%|
|10% most volatile stocks in HK Market||12.6%|
|10% least volatile stocks in HK Market||3.2%|
Stable Share Price: 2131 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: 2131's weekly volatility (7%) has been stable over the past year.
About the Company
Netjoy Holdings Limited, an investment holding company, principally engages in the provision of online advertising services in the People’s Republic of China. The company operates in three segments: Online Marketing Solutions Business, Software as a Service (SaaS), and Other Business. The company provides short video marketing solutions and online content services.
Netjoy Holdings Fundamentals Summary
|2131 fundamental statistics|
Is 2131 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|2131 income statement (TTM)|
|Cost of Revenue||CN¥2.90b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.15|
|Net Profit Margin||3.76%|
How did 2131 perform over the long term?See historical performance and comparison
3.4%Current Dividend Yield
Is 2131 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 3/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 2131?
Other financial metrics that can be useful for relative valuation.
|What is 2131's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 2131's PE Ratio compare to its peers?
|2131 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
1163 Adtiger Corporations
9919 Activation Group Holdings
752 Pico Far East Holdings
1948 Uju Holding
2131 Netjoy Holdings
Price-To-Earnings vs Peers: 2131 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (14.4x).
Price to Earnings Ratio vs Industry
How does 2131's PE Ratio compare vs other companies in the Asian Media Industry?
Price-To-Earnings vs Industry: 2131 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the Hong Kong Media industry average (11x)
Price to Earnings Ratio vs Fair Ratio
What is 2131's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||8.1x|
|Fair PE Ratio||11.3x|
Price-To-Earnings vs Fair Ratio: 2131 is good value based on its Price-To-Earnings Ratio (8.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.3x).
Share Price vs Fair Value
What is the Fair Price of 2131 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 2131 (HK$1.39) is trading above our estimate of fair value (HK$0.97)
Significantly Below Fair Value: 2131 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
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How is Netjoy Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 2131's forecast earnings growth (28.2% per year) is above the savings rate (1.6%).
Earnings vs Market: 2131's earnings (28.2% per year) are forecast to grow faster than the Hong Kong market (16.8% per year).
High Growth Earnings: 2131's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 2131's revenue (25.5% per year) is forecast to grow faster than the Hong Kong market (10% per year).
High Growth Revenue: 2131's revenue (25.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 2131's Return on Equity is forecast to be low in 3 years time (12.8%).
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How has Netjoy Holdings performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 2131 has a high level of non-cash earnings.
Growing Profit Margin: 2131's current net profit margins (3.8%) are lower than last year (4%).
Past Earnings Growth Analysis
Earnings Trend: 2131's earnings have grown significantly by 26.1% per year over the past 5 years.
Accelerating Growth: 2131's earnings growth over the past year (13.3%) is below its 5-year average (26.1% per year).
Earnings vs Industry: 2131 earnings growth over the past year (13.3%) exceeded the Media industry 10.1%.
Return on Equity
High ROE: 2131's Return on Equity (7.4%) is considered low.
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How is Netjoy Holdings's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 2131's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥871.8M).
Long Term Liabilities: 2131's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥3.6M).
Debt to Equity History and Analysis
Debt Level: 2131's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 2131's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2131's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2131's interest payments on its debt are well covered by EBIT (10.9x coverage).
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What is Netjoy Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 2131's dividend (3.38%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.87%).
High Dividend: 2131's dividend (3.38%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.31%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether 2131's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 2131's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.7%), 2131's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 2131 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chen Wang (44 yo)
Mr. Chen Wang is Chief Executive Officer at Netjoy Holdings Ltd and has been its Executive Director since March 29, 2019. He is primarily responsible for developing overall corporate and business strategie...
Experienced Management: 2131's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Experienced Board: 2131's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Netjoy Holdings Limited's employee growth, exchange listings and data sources
- Name: Netjoy Holdings Limited
- Ticker: 2131
- Exchange: SEHK
- Founded: 2012
- Industry: Advertising
- Sector: Media
- Implied Market Cap: HK$1.058b
- Shares outstanding: 795.66m
- Website: https://www.netjoy.com
Number of Employees
- Netjoy Holdings Limited
- No. 396 Guilin Road
- 5th Floor
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/16 00:00|
|End of Day Share Price||2022/08/16 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.