Mobvista Valuation

Is 1860 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 1860 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1860 (HK$1.97) is trading below our estimate of fair value (HK$26.37)

Significantly Below Fair Value: 1860 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1860?

Other financial metrics that can be useful for relative valuation.

1860 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA12.3x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does 1860's PE Ratio compare to its peers?

The above table shows the PE ratio for 1860 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average62.6x
752 Pico Far East Holdings
7.2xn/aHK$2.3b
2405 Powerwin Tech Group
48.3xn/aHK$2.1b
2422 Rego Interactive
181.8xn/aHK$915.0m
2540 Lesi Group
13.3xn/aHK$945.0m
1860 Mobvista
18.6x66.0%HK$3.0b

Price-To-Earnings vs Peers: 1860 is good value based on its Price-To-Earnings Ratio (18.6x) compared to the peer average (62.6x).


Price to Earnings Ratio vs Industry

How does 1860's PE Ratio compare vs other companies in the HK Media Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a18.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: 1860 is expensive based on its Price-To-Earnings Ratio (18.6x) compared to the Hong Kong Media industry average (10.2x).


Price to Earnings Ratio vs Fair Ratio

What is 1860'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.

1860 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.6x
Fair PE Ratio33x

Price-To-Earnings vs Fair Ratio: 1860 is good value based on its Price-To-Earnings Ratio (18.6x) compared to the estimated Fair Price-To-Earnings Ratio (33x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 1860 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentHK$1.97
HK$3.83
+94.7%
55.8%HK$5.98HK$1.69n/a2
Oct ’25HK$2.12
HK$4.56
+115.3%
44.4%HK$6.00HK$1.70n/a3
Sep ’25HK$1.36
HK$4.56
+235.6%
44.4%HK$6.00HK$1.70n/a3
Aug ’25HK$1.86
HK$5.50
+195.6%
13.0%HK$6.00HK$4.49n/a3
Jul ’25HK$2.52
HK$5.50
+118.2%
13.0%HK$6.00HK$4.49n/a3
Jun ’25HK$2.93
HK$5.16
+76.1%
12.2%HK$6.00HK$4.48n/a3
May ’25HK$2.70
HK$5.17
+91.5%
12.0%HK$6.00HK$4.50n/a3
Apr ’25HK$3.09
HK$5.17
+67.3%
12.0%HK$6.00HK$4.50n/a3
Mar ’25HK$3.28
HK$5.52
+68.4%
7.4%HK$6.00HK$5.00n/a3
Feb ’25HK$2.85
HK$5.52
+93.8%
7.4%HK$6.00HK$5.00n/a3
Jan ’25HK$2.90
HK$5.52
+90.5%
7.4%HK$6.00HK$5.00n/a3
Dec ’24HK$2.94
HK$5.52
+87.9%
7.4%HK$6.00HK$5.00n/a3
Nov ’24HK$3.14
HK$5.97
+90.1%
4.8%HK$6.31HK$5.60n/a3
Oct ’24HK$3.15
HK$5.97
+89.5%
4.8%HK$6.31HK$5.60HK$2.123
Sep ’24HK$3.58
HK$5.97
+66.7%
4.8%HK$6.31HK$5.60HK$1.363
Aug ’24HK$3.85
HK$5.95
+54.7%
4.8%HK$6.30HK$5.60HK$1.863
Jul ’24HK$3.44
HK$5.96
+73.2%
4.7%HK$6.28HK$5.60HK$2.523
Jun ’24HK$3.61
HK$5.96
+65.0%
4.7%HK$6.28HK$5.60HK$2.933
May ’24HK$3.90
HK$5.97
+53.0%
4.8%HK$6.30HK$5.60HK$2.703
Apr ’24HK$4.17
HK$5.95
+42.6%
5.9%HK$6.30HK$5.59HK$3.092
Mar ’24HK$4.15
HK$5.95
+43.3%
5.9%HK$6.30HK$5.59HK$3.282

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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