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JOYY Inc. (JOYY)

NEUTRAL
Communication ServicesInternet Content & InformationSingapore

Fundamental

54

Price

$74.91

Market Cap

$3.71B

Part 1 · What the company is worth

Overview

JOYY Inc., together with its subsidiaries, engages in the provision of social product matrix and communication technology. It operates through two segments, BIGO and All Other. The company operates Bigo Live, a social live streaming platform that provides an interactive online stage for users to host and watch live streaming sessions, share their life moments, showcase their talents, and interact with people; imo, an instant messenger platform that provides audio and video communication services; and Likee, a short video social platform, which enables users to discover, create, and share short videos, with video creation tools and personalized feeds. It also provides Hago, a social networking platform that offers casual games integrating social features, such as audio and video multi-user chatrooms and 3D virtual interactive party games; Bigo Ads, an AI-powered programmatic advertising platform, which provides one-stop marketing and monetization solutions; and Shopline, a smart commerce platform that provides solutions and services to enable merchants in creating and growing their brands online and reach customers through various sales channels, including e-commerce platforms, social commerce, and physical retail stores. The company operates in North America, Europe, the Middle East, Southeast Asia, and internationally. The company was formerly known as YY Inc. and changed its name to JOYY Inc. in December 2019. JOYY Inc. was founded in 2005 and is headquartered in Singapore.

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Direct competitors

Who this company fights with for the same customers

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Balance Sheet & Liquidity

Revenue

$2.19B

Trailing 12 months (through 3/31/2026)

Net Income

$228M

Trailing 12 months (through 3/31/2026)

Free Cash Flow

-

Total Equity

$4.41B

Total Liabilities

$51M

Current Ratio

1.76

Interest Coverage

-

Debt/EBITDA

0.34

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

General caseFairly Valued

Fair Value

$94.78

Current Price

$74.91

Margin of Safety

+21.0%

Fair Value Range

$61.61 - $127.95

Estimation Methods

Analyst price target:$81.08
Discounted cash flow (DCF):$196.21
Earnings multiple (P/E):$52.83
Graham growth formula:$171.35
Earnings power value (EPV):$0.25
Justified P/B:$0.35
Dividend discount (Gordon):$3.28
P/FFO, funds from operations:Not enough data to compute it
Mid-cycle earnings:Not enough data to compute it
Revenue multiple:Not enough data to compute it
Analyst Consensus:Strong Buy (17B / 3H / 0S)
Last Earnings Surprise:+6.69%

Valuation Metrics

P/E Ratio

16.89

ROE

3.3%

P/B Ratio

0.57

P/FCF

-

Gross Margin

35.4%

ROIC

0.5%

Profitability Radar

Value Creation (Economic Moat)

ROIC

0.5%

WACC

7.9%

ROIC − WACC

-7.4 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (10)

  • Price CAGR 6.45%
  • Gross Margin 35.4%
  • P/B Ratio 0.57
  • Debt/Equity ratio
  • Current Ratio
  • Debt/EBITDA
  • Analyst Consensus 85% Buy
  • Earnings Surprise avg 21.7%
  • PEG Ratio 0.90
  • Net Margin Trend 98.7% vs -6.6%

Failed (5)

  • ROIC 0.5%
  • DCF valuation (Unknown)
  • ROE 3.5%
  • Revenue Growth 5Y 2.1%
  • Piotroski F-Score 0/9

Unavailable (12)

  • EPS data insufficient
  • P/FCF NaN
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • Earnings Quality (OCF/Net Income)
  • Share Dilution (missing shares data)

Piotroski F-Score

0/9

Serious financial concerns

score
criteria

Earnings Quality

-

Low quality: investigate accounting

Share Dilution

-

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Ms. Ting LiChairperson of the Board & CEO42
Mr. Xueling LiCo-Founder & Director52
Mr. Fuyong LiuVice President of Finance41
Ms. Tingzhen XieInvestor Relations Senior Manager-

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for JOYY, sourced from Markets Gazette.

No recent news for JOYY.