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Hello Group Inc.
MOMO Details
Hello Group Inc. (NASDAQ: MOMO) is a social networking and entertainment company based in China. Momo, Tantan, and other MOMO platform products allow consumers to explore new relationships, develop social connections, and have meaningful conversations. The company's main revenue streams are live streaming, value-added, mobile marketing, online gaming, and other services. As of February 09, 2022, the company had 196.95 million American Depository Shares (ADS) listed and outstanding (each ADS representing two Class A ordinary shares).
Q3FY21 Results:
Key Risk:
Outlook:
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
MOMO share price has fallen 41.42% in the past twelve months and currently leaning towards the lower-band of the 52-week range of USD 8.17 to USD 20.14. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 12.34.
Considering the significant correction in the stock price in the past twelve months, strong balance sheet, high profitability margins, and current valuation, we recommend a "Speculative Buy" rating on the stock at the closing price of USD 10.00, up 2.04% as of February 09, 2022.
Three-Year Technical Price Chart (as on February 09, 2022). Source: REFINITIV, Analysis by Kalkine Group
Technical Analysis Summary:
Technical Indicators Defined: -
Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors’ appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the Valuation has been achieved and subject to the factors discussed above.
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