HUYA INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 5.36 USD | -1.11% |
|
-8.84% | +46.45% |
| May. 20 | JPMorgan Upgrades HUYA to Overweight From Neutral, Raises Price Target to $9 From $3 | MT |
| May. 16 | Asian Equities Traded in the US as American Depositary Receipts Ease in Thursday Trading | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 27,358 | 30,599 | 10,462 | 6,525 | 6,181 | 8,843 | - | - |
| Enterprise Value (EV) 1 | 17,281 | 20,124 | -496.6 | -3,152 | 6,181 | 6,498 | 5,050 | 4,310 |
| P/E ratio | 61.9 x | 35.1 x | 18.3 x | -13.5 x | -30.9 x | 34.4 x | 21 x | 14.1 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.27 x | 2.8 x | 0.92 x | 0.71 x | 0.88 x | 1.34 x | 1.22 x | 1.17 x |
| EV / Revenue | 2.06 x | 1.84 x | -0.04 x | -0.34 x | 0.88 x | 0.98 x | 0.69 x | 0.57 x |
| EV / EBITDA | 28.5 x | 16.3 x | -1.42 x | 6.73 x | - | 127 x | 13 x | 6.66 x |
| EV / FCF | 9.17 x | 17 x | -2.16 x | 5.24 x | - | -59.4 x | 9.56 x | 7.06 x |
| FCF Yield | 10.9% | 5.89% | -46.2% | 19.1% | - | -1.68% | 10.5% | 14.2% |
| Price to Book | 3.16 x | 3.53 x | 1 x | 0.6 x | - | 0.9 x | 0.87 x | 0.83 x |
| Nbr of stocks (in thousands) | 218,927 | 235,298 | 237,332 | 239,490 | 237,932 | 227,697 | - | - |
| Reference price 2 | 125.0 | 130.0 | 44.08 | 27.24 | 25.98 | 38.84 | 38.84 | 38.84 |
| Announcement Date | 3/16/20 | 3/23/21 | 3/22/22 | 3/21/23 | 3/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,375 | 10,914 | 11,351 | 9,220 | 6,994 | 6,618 | 7,272 | 7,556 |
| EBITDA 1 | 605.7 | 1,236 | 348.6 | -468.6 | - | 51.28 | 389.3 | 647.4 |
| EBIT 1 | 543.1 | 1,133 | 259.5 | -550 | -341.8 | -12.18 | 279 | 465 |
| Operating Margin | 6.49% | 10.38% | 2.29% | -5.96% | -4.89% | -0.18% | 3.84% | 6.15% |
| Earnings before Tax (EBT) 1 | 567 | 1,033 | 259.5 | -458.3 | -191.3 | 261.1 | 413.3 | 503.5 |
| Net income 1 | 468.2 | 884.2 | 583.5 | -486.7 | -204.5 | 232.6 | 409.7 | 561.4 |
| Net margin | 5.59% | 8.1% | 5.14% | -5.28% | -2.92% | 3.51% | 5.63% | 7.43% |
| EPS 2 | 2.020 | 3.710 | 2.410 | -2.020 | -0.8400 | 1.130 | 1.847 | 2.761 |
| Free Cash Flow 1 | 1,884 | 1,186 | 229.4 | -602 | - | -109.3 | 528.4 | 610.3 |
| FCF margin | 22.5% | 10.86% | 2.02% | -6.53% | - | -1.65% | 7.27% | 8.08% |
| FCF Conversion (EBITDA) | 311.1% | 95.93% | 65.79% | - | - | - | 135.74% | 94.28% |
| FCF Conversion (Net income) | 402.46% | 134.11% | 39.31% | - | - | - | 128.98% | 108.71% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 3/16/20 | 3/23/21 | 3/22/22 | 3/21/23 | 3/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,809 | 2,465 | 2,275 | 2,379 | 2,102 | 1,949 | 1,821 | 1,648 | 1,530 | 1,504 | 1,577 | 1,669 | 1,804 |
| EBITDA 1 | -431.6 | - | -58.83 | - | -405.7 | - | - | - | - | - | 45 | 78 | -39 |
| EBIT 1 | -386.3 | -3.482 | -55.88 | 57.24 | -547.9 | -10.02 | -2.022 | -18.3 | -315.9 | -16.05 | 13.58 | 44.82 | -54.38 |
| Operating Margin | -13.75% | -0.14% | -2.46% | 2.41% | -26.06% | -0.51% | -0.11% | -1.11% | -20.65% | -1.07% | 0.86% | 2.69% | -3.01% |
| Earnings before Tax (EBT) | -395.6 | 6.505 | -18.34 | 79.97 | -526.4 | 46.11 | 28.78 | 16.95 | -270.5 | - | - | - | - |
| Net income 1 | -312.7 | -3.314 | -19.37 | 60.42 | -524.4 | 44.83 | 23.19 | 12.11 | -275 | - | 79 | - | - |
| Net margin | -11.13% | -0.13% | -0.85% | 2.54% | -24.95% | 2.3% | 1.27% | 0.73% | -17.97% | - | 5.01% | - | - |
| EPS 2 | -1.310 | -0.0100 | -0.0800 | 0.0400 | -2.160 | 0.1800 | 0.0900 | 0.0500 | -1.140 | 0.3000 | 0.4238 | 0.5406 | 0.0456 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/22/22 | 5/17/22 | 8/16/22 | 11/15/22 | 3/21/23 | 5/16/23 | 8/15/23 | 11/14/23 | 3/19/24 | 5/13/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 10,076 | 10,475 | 10,959 | 9,677 | - | 2,345 | 3,793 | 4,533 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 1,884 | 1,186 | 229 | -602 | - | -109 | 528 | 610 |
| ROE (net income / shareholders' equity) | 10.5% | 9.58% | 5.75% | -4.56% | - | 2.91% | 3.96% | 5.62% |
| ROA (Net income/ Total Assets) | 5.07% | 7.44% | 4.55% | -3.69% | - | 3.07% | 2.92% | 4.41% |
| Assets 1 | 9,236 | 11,889 | 12,833 | 13,201 | - | 7,567 | 14,030 | 12,719 |
| Book Value Per Share 2 | 39.60 | 36.80 | 44.10 | 45.20 | - | 43.00 | 44.90 | 46.50 |
| Cash Flow per Share 2 | 11.70 | 5.200 | 1.350 | -1.810 | - | 1.320 | 3.170 | 3.170 |
| Capex 1 | 61.2 | 54.4 | 98.1 | 165 | - | 64.5 | 90 | 59 |
| Capex / Sales | 0.73% | 0.5% | 0.86% | 1.79% | - | 0.97% | 1.24% | 0.78% |
| Announcement Date | 3/16/20 | 3/23/21 | 3/22/22 | 3/21/23 | 3/19/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
38.84
CNY
Average target price
41.57
CNY
Spread / Average Target
+7.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +46.45% | 1.22B | |
| +26.77% | 451B | |
| +33.30% | 280B | |
| +3.17% | 133B | |
| +28.11% | 92.61B | |
| +7.98% | 93.33B | |
| +65.13% | 61.54B | |
| +13.70% | 45.98B | |
| +22.96% | 36.9B | |
| -4.73% | 34.01B |
- Stock Market
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- HUYA Stock
- Financials HUYA Inc.
