Bumble Inc. (BMBL)

Current PE = 4.06 (ex Cash), Thank you @Martin

I did some work on that and found out that the number of shares outstanding in Yahoo is well correct (2 shares per ADS).

"As of September 30, 2020, the number of ordinary shares outstanding was 415,801,407." in last Q3 report
MOMO INC SPON ADS EACH REP 2 ORD SHS CL A MOMO INC SPONSORED ADR CLASS A =>208m ADS
=> market cap = 208 * 17.14 =3.56bn
Shareholder equity = 2.1 bn
"As of September 30, 2020, Momo's cash, cash equivalents, short-term deposits and long-term deposits totaled RMB15,764.1 million (US$2,321.8 million), compared to RMB15,225.3 million as of December 31, 2019. Net cash provided by operating activities in the third quarter of 2020 was RMB691.1 million (US$101.8 million), compared to RMB1,175.9 million in the third quarter of 2019." from Q3 earnings
=> 3.56 - 2.1 = 1.46 bn / 360m earnings (12 months to September)= 4.06 PE

-Of course there is a $300m share buyback announced in September 2020
-The undervaluation is even bigger should Tantan confirm its growth and as $BMBL and $MTCH get much higher valorization

How to return value to shareholders... The next steps available for MOMO management:
1/ Complete current $300m share buyback announced in September 2020
2/ Announce the next share buyback $1bn?(2.1 bn shareholder equity / As of September 30, 2020, Momo's cash, cash equivalents, short-term deposits and long-term deposits totaled RMB15,764.1 million (US$2,321.8 million))
3/ IPO of Tantan in Hong Kong in 2022, sell 5% of shares? whenever ready (I would suggest when 1bn yearly revenue reached, so should be no later than 2022 if current growth stays there)
=> check IPO of Kuaishou 1024.hk : "Kuaishou’s shares opened in Hong Kong on Friday at HK$338 ($43.6) apiece, a 194% jump from its IPO price of HK$115 ($14.8). That catapults its market cap to nearly HK$1.4 trillion ($180 billion). " (under $4 bn revenue in 2020)
=> $BMBL market cap of $7bn (revenue very close to Tantan, 165m in Q4 )
=> $MTCH market cap of $41 bn ($2.4 bn revenue expected for2021)

=> so, all those are trading at ratios of 10 to 40 times the revenues...
=>I let you imagine what valorisation Tantan IPO would get... it looks like at least $10bn if you do the math

As many know, Tantan business is not dependent of Chinese politics... on the contrary, it looks like China needs more babies...

The only reason I invested is because I believe the drug works and I believe that HGEN has taken the right steps to get past the Regulatory Gatekeepers and to the sick that need it. That hasn't changed, except to say that the REG G's have taken a lot longer than I expected.

When the stock goes down so much with so little volume, I take it as a comfort. I might be sick, but I was just in the same boat with
$BMBL, $EBAY, and $LOW as well. If the stock was shooting sky high without the EUA, that's the time to be on guard.. $SESN is the ultimate example of that for generations of investors for all time.

But when the SP is trickling down on low volume with virtually every analyst saying buy- I'll wait it out. I can but then again, I don't tend to invest in these out of the money options, WHICH by the way, is what I believe is the catalyst of today's SP, and probably tomorrow. If you're sitting on a Call with a Strike Price of 15, I think you're on the menu. Sorry about that...

Momo

2020 revenue $2.2 bn
2017 revenue $1.3 bn

so, who says no growth?
compare vs market capitalisation
compare vs $BMBL and $MTCH

Here is the history of Shareholder equity, which is nearly all in cash:
2021-03-31 2588
2020-12-31 2273
2020-09-30 2106
2020-06-30 1971
2020-03-31 1879
2019-12-31 1971
2019-09-30 1755
2019-06-30 1664
2019-03-31 1564
2018-12-31 1603
2018-09-30 1485
2018-06-30 1417
2018-03-31 1207
2017-12-31 1038
2017-09-30 910
2017-06-30 808
2017-03-31 727
2016-12-31 634
2016-09-30 551
2016-06-30 502
2016-03-31 482
2015-12-31 468
2015-09-30 458
2015-06-30 456
2015-03-31 450
2014-12-31 440

Yes the management has built a crazy cash machine