$Hello Group (MOMO.US)$In the October 2022 inventory, the st...
$Hello Group(MOMO.US$In the October 2022 inventory, the stock price has risen 36.3% since the depreciation of 4.4 billion dollars of capital assets was too aggressive, and the stock price has increased by 36.3% so far.
The Chinese company, which was listed in 2014, is mainly a social networking business for strangers. It has a single Chinese market, and the current price is 6.08.
In the past 5 years, revenue grew in the first two years and fell rapidly in the next three years. Operating profit grew in the first two years and fell rapidly in the next three years. In 2022, it was only half of 2018. Net profit lost significantly in 2021 due to asset impairment of up to 4.4 billion dollars. Losses were reversed in 2022, but it is still far below 2020 levels.
In the first three quarters of 2023, revenue shrank by 5.2%, operating profit increased sharply by 40% due to drastic cost cuts, and net profit increased 38.4%.
Currently, the price-earnings ratio is 6.3 and the price-earnings ratio is TTM 4.7. Since profit growth is driven solely by fee control, it is not very attractive due to lack of long-term nature.
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