Financials HUYA Inc.

Equities

HUYA

US44852D1081

Internet Services

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
4.38 USD -0.68% Intraday chart for HUYA Inc. -0.68% +19.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 21,690 27,358 30,599 10,462 6,525 7,398 7,398 -
Enterprise Value (EV) 1 15,697 17,281 20,124 -496.6 -3,152 6,181 2,551 2,252
P/E ratio -7.09 x 61.9 x 35.1 x 18.3 x -13.5 x -30.9 x 47 x 24.5 x
Yield - - - - - - - -
Capitalization / Revenue 4.65 x 3.27 x 2.8 x 0.92 x 0.71 x 0.88 x 1.09 x 1 x
EV / Revenue 3.37 x 2.06 x 1.84 x -0.04 x -0.34 x 0.88 x 0.37 x 0.3 x
EV / EBITDA 54.4 x 28.5 x 16.3 x -1.42 x 6.73 x -5.67 x -19 x 50.3 x
EV / FCF 24.4 x 9.17 x 17 x -2.16 x 5.24 x -3.82 x -22.1 x 6.21 x
FCF Yield 4.09% 10.9% 5.89% -46.2% 19.1% -26.1% -4.53% 16.1%
Price to Book 3.84 x 3.16 x 3.53 x 1 x 0.6 x 0.73 x 0.75 x 0.73 x
Nbr of stocks (in thousands) 203,797 218,927 235,298 237,332 239,490 233,083 233,083 -
Reference price 2 106.4 125.0 130.0 44.08 27.24 31.74 31.74 31.74
Announcement Date 3/4/19 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 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 4,663 8,375 10,914 11,351 9,220 6,994 6,815 7,408
EBITDA 1 288.4 605.7 1,236 348.6 -468.6 -315.6 -134.6 44.75
EBIT 1 253.4 543.1 1,133 259.5 -550 -341.8 -182.5 21.59
Operating Margin 5.43% 6.49% 10.38% 2.29% -5.96% -4.89% -2.68% 0.29%
Earnings before Tax (EBT) 1 -2,102 567 1,033 259.5 -458.3 -191.3 146.9 360.2
Net income 1 -2,506 468.2 884.2 583.5 -486.7 -204.5 136.7 285.4
Net margin -53.74% 5.59% 8.1% 5.14% -5.28% -2.92% 2.01% 3.85%
EPS 2 -15.02 2.020 3.710 2.410 -2.020 -0.8400 0.6759 1.294
Free Cash Flow 1 642.7 1,884 1,186 229.4 -602 -468.1 -115.7 362.8
FCF margin 13.78% 22.5% 10.86% 2.02% -6.53% -6.76% -1.7% 4.9%
FCF Conversion (EBITDA) 222.84% 311.1% 95.93% 65.79% - - - 810.77%
FCF Conversion (Net income) - 402.46% 134.11% 39.31% - - - 127.13%
Dividend per Share 2 - - - - - - - -
Announcement Date 3/4/19 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 Q2 2021 Q3 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 2,962 2,976 2,809 2,465 2,275 2,379 2,102 1,949 1,821 1,648 1,530 1,490 1,593 1,681 1,791
EBITDA 1 - 108.8 -431.6 - -58.83 - -405.7 - - - -93 - - - -
EBIT 1 249.4 154 -386.3 -3.482 -55.88 57.24 -547.9 -10.02 -2.022 -18.3 -315.9 -36.77 -26.25 29.78 -102.4
Operating Margin 8.42% 5.17% -13.75% -0.14% -2.46% 2.41% -26.06% -0.51% -0.11% -1.11% -20.65% -2.47% -1.65% 1.77% -5.72%
Earnings before Tax (EBT) 1 243.9 186.2 -395.6 6.505 -18.34 79.97 -526.4 46.11 28.78 16.95 -270.5 - - - -
Net income 1 186.3 524.4 -312.7 -3.314 -19.37 60.42 -524.4 44.83 23.19 12.11 -275 - - - -
Net margin 6.29% 17.62% -11.13% -0.13% -0.85% 2.54% -24.95% 2.3% 1.27% 0.73% -17.97% - - - -
EPS 2 0.7700 2.170 -1.310 -0.0100 -0.0800 0.0400 -2.160 0.1800 0.0900 0.0500 -1.140 0.2100 0.2600 0.3300 -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 8/17/21 11/9/21 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 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 5,993 10,076 10,475 10,959 9,677 5,607 4,847 5,146
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 643 1,884 1,186 229 -602 -468 -116 363
ROE (net income / shareholders' equity) 13.6% 10.5% 9.58% 5.75% -4.56% -0.57% 1.3% 2.66%
ROA (Net income/ Total Assets) 9.26% 5.07% 7.44% 4.55% -3.69% -0.99% 0.65% 2.16%
Assets 1 -27,062 9,236 11,889 12,833 13,201 19,878 21,109 13,203
Book Value Per Share 2 27.70 39.60 36.80 44.10 45.20 43.70 42.20 43.30
Cash Flow per Share 2 4.300 11.70 5.200 1.350 -1.810 -1.630 1.120 2.520
Capex 1 74.8 61.2 54.4 98.1 165 76 49.3 96.3
Capex / Sales 1.6% 0.73% 0.5% 0.86% 1.79% 1.1% 0.72% 1.3%
Announcement Date 3/4/19 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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
31.74 CNY
Average target price
33.49 CNY
Spread / Average Target
+5.52%
Consensus