- HUYA is one of the leading live streaming platforms in China. As the No.1 streaming platform for gaming, HUYA regularly hosts e-Sports event organizers and collaborates with major game developers.
- HUYA stock is down 41% YTD and 90% from February 2021 levels. The company is now trading at -$650 million enterprise value.
- I analyse HUYA’s fundamentals and structure a residual earnings framework to value the company - based on analyst EPS consensus, no TV growth and 10% WACC.
- Based on my calculation, I give HUYA a Buy/high risk recommendation and a base-case target price of $5.31/share.
For further details see:
HUYA's Current Market Valuation Makes No Sense, Buy