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Weibo Corp (9898) Fair Value & Analysis

Communication Services · HK · Market cap HK$14.1B

WC Weibo Corp 9898 · HK
PriceHK$59.40
Fair ValueHK$26.13
Upside-56.0%
Quality66/100
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Weak Growth
Highly profitable · 21.2% net margin
Low debt · generates free cash flow
1.08% dividend yield
Ranks above peers (11/15)
Wide moat 66/100
Evidence: High Range HK$19.11 – HK$33.12 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Share price −2.5% over the past month.

A solid business, but screening 56% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$33.12). The favourable scenario is already priced in.
  • Solid but not exceptional quality (66/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

HK$195.49 HK$46.86 Fair Value HK$26.13 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

56‑month range HK$46.86 – HK$195.49 · fair‑value band HK$19.11 – HK$33.12 · the HK$59.40 price screens above the HK$26.13 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Weibo Corp (9898) currently trades at HK$59.40, while our model-based Fair Value estimate is HK$26.13, implying the stock looks roughly 56.0% overvalued today. The Quality Score stands at 66/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Weibo Corp generated revenue of HK$1.8B at a net margin of 21.2%. Revenue grew 6.2% year over year. It earns a return on equity of 10.4%. The balance sheet holds a net cash position of HK$393M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$19.11 (bear case) to HK$33.12 (bull case); at HK$59.40, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 38% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -8% fair-value upside, at -56%, 9898 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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
Highest evidence
Growth DCF HK$20.47 HK$27.06 HK$37.52 80
Residual Income HK$13.36 HK$15.43 HK$27.41 76
Rev-Margin DCF HK$16.40 HK$22.92 HK$30.60 74
All 24 models by family
DCF Models
FCF DCF HK$19.80 HK$26.64 HK$38.22 38
Owner Earnings HK$19.91 HK$26.79 HK$38.43 31
5Y Revenue Exit HK$16.40 HK$22.61 HK$31.02 39
5Y EBITDA Exit HK$18.20 HK$25.70 HK$34.95 41
5Y P/E Exit HK$23.39 HK$34.64 HK$47.07 38
10Y Revenue Exit HK$17.16 HK$22.83 HK$29.35 36
10Y EBITDA Exit HK$18.65 HK$24.88 HK$32.02 37
10Y P/E Exit HK$21.86 HK$30.82 HK$40.26 35
Earnings-Based
Graham-Dodd HK$11.37 HK$21.09 HK$26.15 54
EPV HK$12.98 HK$14.87 HK$16.53 59
Dividend Discount
Gordon GGM HK$6.69 HK$8.97 HK$11.29 70
DDM Multi-Stage HK$6.69 HK$9.22 HK$12.22 61
Multiples
P/E Multiple HK$27.59 HK$36.78 HK$45.98 63
P/S Multiple HK$17.18 HK$22.90 HK$28.63 58
P/B Multiple HK$21.32 HK$28.42 HK$35.53 55
EV/EBIT HK$22.39 HK$29.31 HK$36.24 53
EV/EBITDA HK$19.65 HK$25.66 HK$31.67 54
EV/Revenue HK$15.36 HK$21.25 HK$27.14 43
Asset-Based
NCAV (Graham) HK$7.30 HK$9.78 HK$14.60 50
Growth DCF
Growth DCF HK$20.47 HK$27.06 HK$37.52 80
Rev-Margin DCF HK$16.40 HK$22.92 HK$30.60 74
Economic Profit
Residual Income HK$13.36 HK$15.43 HK$27.41 76
ROIC Compounder HK$12.98 HK$14.93 HK$17.20 72
Growth Earnings
Growth-Adj P/E HK$19.59 HK$27.98 HK$36.38 68

Widest divergence: Growth Earnings (HK$27.98) versus Dividend Discount (HK$8.97). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$1.8B
Revenue growth (YoY) +6.2%
Net margin 21.2%
Return on equity 10.4%
Free cash flow HK$477M FY2025
P/E ratio 5.1 as of Jul 3, 2026
More key figures
Operating margin 26.3%
EPS (TTM) HK$1.55
Dividend yield 1.1%
EPS growth (YoY) -65.9%
Net cash HK$393M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 65 · Market factors (momentum, volatility) 37

Profitability 48
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 84
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 53
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates through two segments, Advertising and Marketing Services; and Value-Added Services.

Full company description

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, discover, and distribute content in the People's Republic of China. It operates through two segments, Advertising and Marketing Services; and Value-Added Services. The company offers discovery products to help users discover content on its platform; self-expression products that enable its users to express themselves on its platform; and social products to promote social interaction between users on its platform. It also provides advertising and marketing solutions, such as social display advertisements; and promoted marketing offerings, such as Fans Headline, Weibo Express, and promoted feeds, as well as promoted trends and search products that appear alongside user's trends discovery and search behaviors. In addition, the company offers products, such as trends, search, video/live streaming, and editing tools; content customization, copyright contents pooling, and user interaction development; and search list recommendation, trends list recommendation, and Weibo app opening advertisements. Further, it provides back-end management, traffic support, and product services for better displaying and promotion of its account and content; an open application platform that allows users to log into third-party applications with their Weibo account for sharing third-party content on its platform; and Weibo Wallet, a product that enables platform partners to conduct interest generation activities on Weibo, such as handing out red envelops and coupons. It serves ordinary people, celebrities, opinion leaders, and other public figures or influencers, as well as media outlets, businesses, government agencies, charities, and other organizations. The company was formerly known as T.CN Corporation and changed its name to Weibo Corporation in 2012. The company was founded in 2009 and is based in Beijing, the People's Republic of China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Weibo Corp reported revenue of HK$1.8B in FY2025 versus HK$2.3B in FY2021, a compound −6.1%/yr. Reported net income was HK$449M in FY2025, compounding +1.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$1.8B
Latest YoY
+0.1%
Avg. growth/yr (3Y) 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.
−1.5%
Avg. growth/yr (5Y) 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.
+0.8%
Avg. growth/yr (9Y) 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.
+11.6%
Revenue −6.1%/yr
FY21 HK$2.3B
FY22 HK$1.8B
FY23 HK$1.8B
FY24 HK$1.8B
FY25 HK$1.8B
Net income +1.2%/yr
FY21 HK$428M
FY22 HK$85.6M
FY23 HK$343M
FY24 HK$301M
FY25 HK$449M

9898 screens 56% overvalued. Compare with Alphabet Inc →

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Cite: Fair Value Calculator (2026). "Weibo Corp Fair Value". https://www.fairvalue-calculator.com/stock/9898

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Internet Content & Information · 153 stocks

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.

Quality Score 66 · Above median
Fair Value upside −56% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 26% · Top 25%
Revenue growth 6% · Below median
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.48× · Higher than 75% of peers

Valuation Multiples vs Internet Content & Information median · lower = cheaper

P/E (TTM) 5.1× · Cheaper than 75% of peers
P/B 0.46× · Cheaper than 75% of peers
P/S (TTM) 1.01× · Cheaper than median
P/FCF 3.8× · Cheaper than median
EV/EBITDA 2.6× · Cheaper than 75% of peers
PEG 0.80× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 31 · sector 33
PAST 42 · sector 12
HEALTH 76 · sector 99
DIVIDEND 22 · sector 39

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Internet Content & Information stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Alphabet Inc GOOGL $343.54 $145.14 -58%
Meta Platforms, Inc META $578.85 $534.91 -8%
Tencent Holdings 0700 HK$461.60 HK$448.17 -3%
Spotify Technology S.A SPOT $489.60 $210.99 -57%
Reddit, Inc RDDT $153.45 $39.59 -74%
Baidu, Inc BIDU $104.84 $66.96 -36%
Kuaishou Technology, an investment holding company, 1024 HK$41.54 HK$84.61 +104%
NAVER Corporation 035420 215,500 KRW 231,585 KRW +7%
Tencent Music Entertainment Group 1698 HK$33.72 HK$66.60 +98%
Kakao Corp 035720 40,100 KRW 24,536 KRW -39%

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Frequently asked questions

Is Weibo Corp (9898) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$26.13 versus a price of HK$59.40, about −56% (overvalued).
What is the fair value of 9898?
Our model-based fair value for Weibo Corp is HK$26.13 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$59.40.
What is the quality score of 9898?
Weibo Corp has a Quality Score of 66/100. 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 revenue of Weibo Corp (9898)?
Weibo Corp reported trailing-twelve-month revenue of about HK$1.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 9898?
The net profit margin of Weibo Corp is about 21.2%, meaning it keeps roughly 21.2% of revenue as net income. Based on the latest reported figures.
Does Weibo Corp pay a dividend?
Weibo Corp currently shows a dividend yield of about 1.08% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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