XHKG9899
Market cap3.16bUSD
Dec 23, Last price
116.90HKD
1D
0.26%
1Q
23.05%
IPO
-41.26%
Name
Cloud Music Inc
Chart & Performance
P/E
31.35
P/S
2.93
EPS
3.50
Div Yield, %
0.00%
Shrs. gr., 5y
15.60%
Rev. gr., 5y
43.19%
Revenues
7.87b
-22.70%
Net income
734m
P
CFO
189m
-89.74%
Profile
Cloud Village Inc., an investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People's Republic of China. The company offers music membership subscriptions, sublicensing of content royalties, and online advertising services, as well as sells digital albums, virtual items, and singles; and hosts live streaming services. It also offers NetEase Cloud Music, an online music platform; and ancillary, social entertainment products, such as LOOK Live Streaming, Sheng Bo, and Yin Jie. In addition, the company provides artist management, online music streaming, and music production services. It serves advertisers and paying users. The company was founded in 2013 and is headquartered in Hangzhou, China. Cloud Village Inc. is a subsidiary of NetEase, Inc.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | |
| Income | ||||||
Revenues | 7,866,992 -22.70% | 10,176,803 18.54% | 8,584,954 47.65% | |||
Cost of revenue | 7,556,358 | 10,770,074 | 10,329,518 | |||
Unusual Expense (Income) | ||||||
NOPBT | 310,634 | (593,271) | (1,744,565) | |||
NOPBT Margin | 3.95% | |||||
Operating Taxes | 33,497 | 19,256 | 5,728 | |||
Tax Rate | 10.78% | |||||
NOPAT | 277,137 | (612,527) | (1,750,293) | |||
Net income | 734,182 -392.89% | (250,672) -90.06% | (2,522,493) -28.04% | |||
Dividends | ||||||
Dividend yield | ||||||
Proceeds from repurchase of equity | (304,119) | 32,518 | 2,682,056 | |||
BB yield | 1.60% | -0.20% | -14.32% | |||
| Debt | ||||||
Debt current | 3,001 | 2,776 | 2,612 | |||
Long-term debt | 9,717 | 14,022 | 18,398 | |||
Deferred revenue | 66,539 | 55,244 | 50,555 | |||
Other long-term liabilities | 55,244 | 50,555 | ||||
Net debt | (9,571,339) | (2,978,768) | (925,358) | |||
| Cash flow | ||||||
Cash from operating activities | 189,053 | 1,842,908 | (908,412) | |||
CAPEX | (5,545) | (26,092) | (39,502) | |||
Cash from investing activities | 1,227,066 | 158,589 | (3,862,405) | |||
Cash from financing activities | (307,676) | (2,911) | 2,614,174 | |||
FCF | 291,462 | (409,786) | (1,985,892) | |||
| Balance | ||||||
Cash | 9,505,088 | 9,108,063 | 6,621,958 | |||
Long term investments | 78,969 | (6,112,497) | (5,675,590) | |||
Excess cash | 9,190,707 | 2,486,726 | 517,120 | |||
Stockholders' equity | (8,844,890) | (9,296,984) | (9,520,706) | |||
Invested Capital | 17,358,690 | 17,198,212 | 16,998,983 | |||
ROIC | 1.60% | |||||
ROCE | 3.65% | |||||
| EV | ||||||
Common stock shares outstanding | 211,819 | 208,985 | 129,165 | |||
Price | 89.75 15.81% | 77.50 -46.55% | 145.00 | |||
Market cap | 19,010,774 17.38% | 16,196,374 -13.52% | 18,728,900 | |||
EV | 9,439,435 | 13,217,606 | 17,803,542 | |||
EBITDA | 330,004 | (568,033) | (1,728,748) | |||
EV/EBITDA | 28.60 | |||||
Interest | 317 | 349 | ||||
Interest/NOPBT | 0.10% | |||||