Mobvista Inc (1860) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Mobvista Inc HK$12.34, price HK$12.39, upside -0.4%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range HK$1.18 – HK$20.98 · fair‑value band HK$8.64 – HK$16.04 · the HK$12.39 price screens above the HK$12.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Mobvista Inc., together with its subsidiaries, engages in the provision of advertising and marketing technology services required to develop the mobile internet ecosystem in Singapore, the Asia Pacific, and internationally. It operates through Ad-tech (Advertising Technology Business) and Mar-tech (Marketing Technology Business) segments.
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Mobvista Inc., together with its subsidiaries, engages in the provision of advertising and marketing technology services required to develop the mobile internet ecosystem in Singapore, the Asia Pacific, and internationally. It operates through Ad-tech (Advertising Technology Business) and Mar-tech (Marketing Technology Business) segments. The company offers mobile advertising services through a programmatic advertising platform and affiliate ad-serving platform; mobile application data analytics service through SaaS platforms; and cloud-native technology services, as well as develops and sells customized data analytics software. It also provides Mintegral, an AI-driven programmatic advertising platform that aggregates traffic from various fragmented apps and provides advertisers with programmatic advertising and traffic monetization services; nativeX, a non-programmatic advertising business platform that covers global medium and long-tail media in the form of an advertising network, which can acquire users for global advertisers; GameAnalytics, a SaaS-based in-app data analysis tool and an analytics platforms for mobile, Roblox, PC, and VR games, that provides game developers, studios, and publishers with in-depth analysis, insights, and market intelligence; and SolarEngine that offers data collection and mining for customers to conduct advertising delivery data analysis, data management, intelligent material analysis, cloud computing resource optimization, etc. Mobvista Inc. was founded in 2013 and is headquartered in Singapore.
Stock analysis
Mobvista Inc (1860) currently trades at HK$12.39, while our model-based Fair Value estimate is HK$12.34, implying the stock looks roughly 0.4% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$1.99 per share, and 0 of the 24 models we run sit above the HK$12.39 price.
Bear case: the Growth Earnings group reads lowest at HK$1.57, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: HK$8.64 (bear) to HK$16.04 (bull), the price of HK$12.39 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Communication Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Mobvista Inc reported revenue of $2.0B in FY2025 versus $755M in FY2021, a compound +28.3%/yr. Reported net income was $61.7M in FY2025.
Key figures
Market cap HK$19.1B (≈ $2.4B) · P/E ratio 34.7 · P/S ratio 1.04 · EPS (TTM) HK$0.6231 · Net margin 3.0% · Return on equity 26.1% · Return on assets (EBIT) 3.7% · Operating margin 3.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at 20% fair-value upside, at 0%, 1860 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (HK$0.1200 to HK$2.90). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear HK$8.64Fair Value HK$12.34Bull HK$16.04
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (HK$0.4575 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+35.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+31.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+31.8%
Start year 2020 (pandemic). Over 10 years: +28.5% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.5%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+55.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+55.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.22% vs 16%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−1% → 5%
2025 sits 289% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+1.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+23.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −0.9% a year for the price and +20.9% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Advertising Agencies · 198 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside0% · Below median
Profitability
Return on equity (TTM)26% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)3% · Above median
Operating margin (TTM)4% · Above median
Growth and dividend
Revenue growth32% · Top 25%
Valuation Multiplesvs Advertising Agencies median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Mobvista Inc Fair Value". https://www.fairvalue-calculator.com/stock/1860
Frequently asked questions
Is Mobvista Inc (1860) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of HK$12.34 versus a price of HK$12.39, about −0% upside (fairly valued).
What is the fair value of 1860?
Our model-based fair value for Mobvista Inc is HK$12.34 (as of Sep 24, 2026), built from audited fundamentals. The current price: HK$12.39.
What is the quality score of 1860?
Mobvista Inc has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Mobvista Inc (1860)?
Our model-based price target is the fair value of HK$12.34 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario HK$8.64, optimistic scenario HK$16.04. It is a calculation from audited fundamentals, not an analyst target.
What is the Mobvista Inc stock forecast for 2026?
Our models put fair value at HK$12.34, about −0% upside versus a price of HK$12.39 (fairly valued). Cautious scenario HK$8.64, optimistic scenario HK$16.04. The calculation is refreshed regularly with new filings.
What is the revenue of Mobvista Inc (1860)?
Mobvista Inc reported trailing-twelve-month revenue of about $2.2B (latest available figure, as of Sep 24, 2026).
What growth is priced into Mobvista Inc (1860)?
For today's price to be fair in a discounted-cash-flow model, Mobvista Inc would have to grow free cash flow by +1.5 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +31.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1860 use?
Our models discount Mobvista Inc at 9.0 %: a base by market capitalisation (mid), damped by beta 0.03, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Mobvista Inc that is +1.5 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Mobvista Inc (1860) delivered so far?
Over the past 5 years revenue at Mobvista Inc grew +31.8 % a year. The price currently implies +1.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Mobvista Inc (1860) growing?
The median revenue growth in the sector is +1.6 % a year. That is the yardstick for the growth priced into Mobvista Inc (+1.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mobvista Inc (1860)?
The free-cash-flow yield on the price is 6.57 %: that much free cash flow Mobvista Inc produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mobvista Inc (1860)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mobvista Inc it is HK$12.34 per share (as of Sep 24, 2026), against a price of HK$12.39. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Mobvista Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1860 trades above its calculated fair value: price HK$12.39, fair value HK$12.34, a gap of about −0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1860?
No. The price is what the market pays today (HK$12.39); the fair value is what the company's own numbers justify (HK$12.34). For Mobvista Inc the two are HK$0.0500 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mobvista Inc worth?
The market values Mobvista Inc at about HK$19.1B (market capitalisation, as of Sep 24, 2026). Per share that is HK$12.39; our models calculate a fair value of HK$12.34 per share.
What do the bullish and bearish scenarios say about 1860?
Our models span a range for Mobvista Inc: cautious scenario HK$8.64, base HK$12.34, optimistic HK$16.04 per share (as of Sep 24, 2026, price HK$12.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 1860?
Mobvista Inc trades at a price-to-earnings ratio of 34.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$12.34 is built from several models across several years. Other multiples: PEG 1.6, P/B 8.4, P/S 1.1, EV/EBITDA 21.8.
What is the PEG ratio of 1860?
The PEG ratio of Mobvista Inc is 1.59 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Mobvista Inc (1860)?
Balance-sheet figures for Mobvista Inc (as of Sep 24, 2026): return on equity 26.1%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is 1860 from its 52-week high?
Mobvista Inc trades at HK$12.39, about 41% below its 52-week high of HK$20.98 and 29% above the low of HK$9.62 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of HK$12.34 is for.
Which stocks are comparable to Mobvista Inc?
From the same area (Communication Services) we also value AppLovin Corporation, Publicis Groupe S.A, Omnicom Group, Focus Media Information Technology Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Mobvista Inc stock attractive at the current price?
The data as of Sep 24, 2026: price HK$12.39, calculated fair value HK$12.34 (−0%), Quality Score 74/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1860 calculated?
We run Mobvista Inc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of HK$12.34, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Mobvista Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Mobvista Inc (1860)?
The closing price on Sep 24, 2026 was HK$12.39. Our model-based fair value is HK$12.34, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mobvista Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (HK$8.64 to HK$16.04) leaves room in how you read the outcome.
Where does the earnings growth of Mobvista Inc (1860) come from?
Earnings per share at Mobvista Inc grew +10.1 % a year from 2015 to 2025. Broken into its drivers: revenue per share +25.0 %, EBIT margin −8.3 %, tax rate −1.3 %, residual (interest, one-offs) −2.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Mobvista Inc
How large is the market capitalisation of Mobvista Inc (1860)?
The market capitalisation of Mobvista Inc is HK$19.1B (≈ $2.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Mobvista Inc (1860)?
The price-to-sales ratio of Mobvista Inc is 1.04 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mobvista Inc (1860)?
Earnings per share at Mobvista Inc are HK$0.6231 (price ÷ EPS = P/E 34.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mobvista Inc (1860)?
The net margin of Mobvista Inc is 3.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Mobvista Inc (1860)?
The return on equity (ROE) of Mobvista Inc is 26.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Mobvista Inc (1860)?
On an EBIT basis the return on assets of Mobvista Inc is 3.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Mobvista Inc (1860)?
The operating margin of Mobvista Inc is 3.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mobvista Inc (1860)?
Revenue at Mobvista Inc is growing +32.2% versus a year earlier (3y avg +31.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Mobvista Inc (1860)?
Earnings per share at Mobvista Inc are growing +60.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Mobvista Inc (1860) hold?
Mobvista Inc holds more cash than debt, $106M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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