I did some work on that and found out that the number of shares outstanding in Yahoo is well correct (2 shares per ADS).
"As of September 30, 2020, the number of ordinary shares outstanding was 415,801,407." in last Q3 report MOMO INC SPON ADS EACH REP 2 ORD SHS CL A MOMO INC SPONSORED ADR CLASS A =>208m ADS => market cap = 208 * 17.14 =3.56bn Shareholder equity = 2.1 bn "As of September 30, 2020, Momo's cash, cash equivalents, short-term deposits and long-term deposits totaled RMB15,764.1 million (US$2,321.8 million), compared to RMB15,225.3 million as of December 31, 2019. Net cash provided by operating activities in the third quarter of 2020 was RMB691.1 million (US$101.8 million), compared to RMB1,175.9 million in the third quarter of 2019." from Q3 earnings => 3.56 - 2.1 = 1.46 bn / 360m earnings (12 months to September)= 4.06 PE
-Of course there is a $300m share buyback announced in September 2020 -The undervaluation is even bigger should Tantan confirm its growth and as $BMBL and $MTCH get much higher valorization
How to return value to shareholders... The next steps available for MOMO management: 1/ Complete current $300m share buyback announced in September 2020 2/ Announce the next share buyback $1bn?(2.1 bn shareholder equity / As of September 30, 2020, Momo's cash, cash equivalents, short-term deposits and long-term deposits totaled RMB15,764.1 million (US$2,321.8 million)) 3/ IPO of Tantan in Hong Kong in 2022, sell 5% of shares? whenever ready (I would suggest when 1bn yearly revenue reached, so should be no later than 2022 if current growth stays there) => check IPO of Kuaishou 1024.hk : "Kuaishou’s shares opened in Hong Kong on Friday at HK$338 ($43.6) apiece, a 194% jump from its IPO price of HK$115 ($14.8). That catapults its market cap to nearly HK$1.4 trillion ($180 billion). " (under $4 bn revenue in 2020) => $BMBL market cap of $7bn (revenue very close to Tantan, 165m in Q4 ) => $MTCH market cap of $41 bn ($2.4 bn revenue expected for2021)
=> so, all those are trading at ratios of 10 to 40 times the revenues... =>I let you imagine what valorisation Tantan IPO would get... it looks like at least $10bn if you do the math
As many know, Tantan business is not dependent of Chinese politics... on the contrary, it looks like China needs more babies...
5 reasons why I won't sell $MOMO at $40... $MOMO analysis for dummies 1/ ex cash PE closer to 4 as shareholder equity just under 2 bn USD if memory is correct... (End 2019) 2/ should the growth of Tantan continue at current rate, when will $MOMO be considered as a growth stock again so that the market can't ignore? My guess, is less than 2 years... At that time, people will value it as a growth stock and not as a value stock... Like now Which means PEG ratio > 1.5 ... Which should mean $120 within 2 years? 3/ when management will list Tantan (just an idea) later on in China... I guess price will do ×10 if you check $MTCH and what happened to kuaishou (1024.hk) earlier this year. So $170 target here, overnight... 4/ I couldn't find any other growth stock, priced lower than this value value stock, with so much cash on hands, and printing as much cash yearly... 5/ So, you will understand why my worst case scenario is a bid at $30 tomorrow Don't forget to do your own due diligence as we are all wrong ... even more those days :-) Don't hesitate to correct me, should I be wrong
Bullish
b
Anyone else thing that this is one of the best reopening stocks? A lot of Covid induced depressed lonely people will be looking to reconnect with others and the need for dating apps could soar.
Bullish
M
Stocks
D
Facebook Dating may have an impact on Match Group. Your thoughts?
S
Wow how low to we go? $125. It has been straight down for weeks.
R
Just tried Facebook Dating. Very good. And, totally free + social networking for reference. Afraid, things could become tough for all the dating platforms. It is coming.
r
Invested in both BMBL and MTCH today. MTCH is both a COVID play and a reopening play. Economic reopening will bring back a ton of business for them as more people will be meeting up to date due to the vaccines. Wishing I'd bought in March but I'm firmly convinced the party is far from over.
Bullish
J
It will be back to the 155's by mid April
Bullish
K
Bumble’s arrival on stock market is going to damage Match stock alot. Many investors will shift to BMBL for growth reasons
Bullish
f
Winning trades are becoming harder and harder to find and you can lose a lot of money chasing the wrong ones. You can give yourself a winning edge by joining the guys over at (http://Thetraderguide.com). They know their stuff!
T
Match acquisition of Hyper Connect out of Korea is well done! Opens up huge market and very strong format of one on one connections. Nice Work.
C
This stock has done well. However, I'm not so confident about the long-term prospects. Reason being is that, just like most other things in society, the 80/20 rule may apply to dating apps. In other words, 80% of the women are likely going after the top 20% of men, which may make things difficult for the other 80% of men on these apps. Those 80% of men may still have hope and are willing to spend on paid/premium services to increase their chances, but the big question is will there come a point when the 80% of men (who I suspect are the primary revenue stream) become frustrated and essentially throw in the towel? That's my primary concern with this stock. Also, male/female relations have seemingly deteriorated greatly over the last 2 decades and I see no evidence of that reversing any time soon.
C
$LOV Probably something Match should buy
K
What u guys think of Bumble stock ? BMBL - Ur opinions would be appreciated. What u guys think it will be in coming future ? What u expect in terms of share price?
Neutral
A
We’ve seen $155 before. With a strong company like this whats the reason to not see it again. Even if it opens red its just another chance to add nore shares. In the long term theres gains coming if u only recently bought. No need to panic just hold and sit back.
Bullish
D
Why does it show revenue has dropped a lot in 2020 on chart on yahoo finance but they actually increased revenue by 17%?
a
I own match but bought tons of shares today in bumble. Earnings on the 10th. They will double value.
Bullish
W
If it dips today for sure I'm buying. This stock has an amazing outlook for the future.
I did some work on that and found out that the number of shares outstanding in Yahoo is well correct (2 shares per ADS).
"As of September 30, 2020, the number of ordinary shares outstanding was 415,801,407." in last Q3 report
MOMO INC SPON ADS EACH REP 2 ORD SHS CL A MOMO INC SPONSORED ADR CLASS A =>208m ADS
=> market cap = 208 * 17.14 =3.56bn
Shareholder equity = 2.1 bn
"As of September 30, 2020, Momo's cash, cash equivalents, short-term deposits and long-term deposits totaled RMB15,764.1 million (US$2,321.8 million), compared to RMB15,225.3 million as of December 31, 2019. Net cash provided by operating activities in the third quarter of 2020 was RMB691.1 million (US$101.8 million), compared to RMB1,175.9 million in the third quarter of 2019." from Q3 earnings
=> 3.56 - 2.1 = 1.46 bn / 360m earnings (12 months to September)= 4.06 PE
-Of course there is a $300m share buyback announced in September 2020
-The undervaluation is even bigger should Tantan confirm its growth and as $BMBL and $MTCH get much higher valorization
1/ Complete current $300m share buyback announced in September 2020
2/ Announce the next share buyback $1bn?(2.1 bn shareholder equity / As of September 30, 2020, Momo's cash, cash equivalents, short-term deposits and long-term deposits totaled RMB15,764.1 million (US$2,321.8 million))
3/ IPO of Tantan in Hong Kong in 2022, sell 5% of shares? whenever ready (I would suggest when 1bn yearly revenue reached, so should be no later than 2022 if current growth stays there)
=> check IPO of Kuaishou 1024.hk : "Kuaishou’s shares opened in Hong Kong on Friday at HK$338 ($43.6) apiece, a 194% jump from its IPO price of HK$115 ($14.8). That catapults its market cap to nearly HK$1.4 trillion ($180 billion). " (under $4 bn revenue in 2020)
=> $BMBL market cap of $7bn (revenue very close to Tantan, 165m in Q4 )
=> $MTCH market cap of $41 bn ($2.4 bn revenue expected for2021)
=> so, all those are trading at ratios of 10 to 40 times the revenues...
=>I let you imagine what valorisation Tantan IPO would get... it looks like at least $10bn if you do the math
As many know, Tantan business is not dependent of Chinese politics... on the contrary, it looks like China needs more babies...
1/ ex cash PE closer to 4 as shareholder equity just under 2 bn USD if memory is correct... (End 2019)
2/ should the growth of Tantan continue at current rate, when will $MOMO be considered as a growth stock again so that the market can't ignore? My guess, is less than 2 years... At that time, people will value it as a growth stock and not as a value stock... Like now Which means PEG ratio > 1.5 ... Which should mean $120 within 2 years?
3/ when management will list Tantan (just an idea) later on in China... I guess price will do ×10 if you check $MTCH and what happened to kuaishou (1024.hk) earlier this year. So $170 target here, overnight...
4/ I couldn't find any other growth stock, priced lower than this value value stock, with so much cash on hands, and printing as much cash yearly...
5/ So, you will understand why my worst case scenario is a bid at $30 tomorrow
Don't forget to do your own due diligence as we are all wrong ... even more those days :-)
Don't hesitate to correct me, should I be wrong
BMBL - Ur opinions would be appreciated. What u guys think it will be in coming future ? What u expect in terms of share price?