Social & Content Platforms

(as of 18/10/19)
Ticker Company Share price (local) Market cap (US$MM) Firm value (US$MM) 2019E FV/Sales 2020E FV/Sales 2019E FV/EBITDA 2020E FV/EBITDA 2019E P/E 2020E P/E
US Social / Content Platforms
FB Facebook, Inc. 185.85 530,221MM 489,435MM 7.0x 5.7x 13.2x 10.8x 21.0x 17.1x
SNAP Snap Inc. 13.52 18,648MM 17,822MM 10.5x 7.7x - - - -
PINS Pinterest, Inc. 25.31 13,736MM 12,041MM 10.7x 7.8x - - - -
Mean 9.4x 7.1x 13.2x 10.8x 21.0x 17.1x
Median 10.5x 7.7x 13.2x 10.8x 21.0x 17.1x
Chinese Social / Content Platforms
0700.HK Tencent Holdings 腾讯控股 324.80 397,810MM 406,700MM 7.5x 6.0x 21.3x 17.9x 29.6x 24.4x
TME Tencent Music Entertainment Group 13.50 22,075MM 19,286MM 5.4x 4.1x 30.8x 21.1x 35.2x 26.5x
MOMO Momo Inc. 33.07 6,857MM 5,776MM 2.4x 2.1x 10.4x 7.4x 13.2x 10.8x
BILI Bilibili Inc. 14.41 4,699MM 4,437MM 4.8x 3.3x - - - -
HUYA HUYA Inc. 21.50 4,688MM 3,377MM 2.9x 2.2x - 23.4x 51.9x 29.3x
YY YY Inc. 57.63 4,660MM 2,546MM 0.7x 0.6x 9.7x 6.6x 14.6x 10.8x
1060.HK Alibaba Pictures 阿里巴巴影业集团 1.17 3,995MM 3,463MM 6.9x 5.7x 46.1x 20.8x 61.6x 28.5x
DOYU DouYu International Holdings 7.54 2,448MM 2,775MM 2.7x 1.9x - 21.5x 72.5x 17.2x
1896.HK Maoyan Entertainment 猫眼娱乐 11.22 1,622MM 1,438MM 2.4x 2.0x 11.9x 8.1x 19.0x 12.2x
Mean 4.0x 3.1x 21.7x 15.8x 37.2x 20.0x
Median 2.9x 2.2x 16.6x 19.4x 32.4x 20.8x