JOYY Inc.

WBAG:JOYY Stock Report

Market Cap: €2.0b

JOYY Valuation

Is JOYY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JOYY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: JOYY (€38.4) is trading below our estimate of fair value (€251.83)

Significantly Below Fair Value: JOYY is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JOYY?

Key metric: As JOYY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for JOYY. This is calculated by dividing JOYY's market cap by their current earnings.
What is JOYY's PE Ratio?
PE Ratio10.4x
EarningsUS$202.35m
Market CapUS$2.10b

Price to Earnings Ratio vs Peers

How does JOYY's PE Ratio compare to its peers?

The above table shows the PE ratio for JOYY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.9x
WB Weibo
6x3.5%US$2.3b
ZD Ziff Davis
37.9x51.1%US$2.4b
002315 Focus Technology
28.4x13.9%CN¥12.5b
000681 Visual China GroupLtd
135.3x30.9%CN¥14.2b
JOYY JOYY
10.4x11.9%€2.1b

Price-To-Earnings vs Peers: JOYY is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (51.9x).

Price to Earnings Ratio vs Industry

How does JOYY's PE Ratio compare vs other companies in the European Interactive Media and Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
JOYY 10.4xIndustry Avg. 15.2xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: JOYY is good value based on its Price-To-Earnings Ratio (10.4x) compared to the European Interactive Media and Services industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is JOYY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JOYY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate JOYY's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JOYY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€38.40
€39.83
+3.7%
10.6%€48.28€33.79n/a11
Dec ’25€37.00
€38.99
+5.4%
9.0%€43.59€33.16n/a12
Nov ’25€30.80
€35.98
+16.8%
11.2%€42.54€27.74n/a12
Oct ’25€32.80
€35.73
+8.9%
12.1%€42.57€27.17n/a13
Sep ’25€31.40
€35.27
+12.3%
13.5%€42.44€27.09n/a13
Aug ’25€30.80
€37.18
+20.7%
13.9%€45.74€28.01n/a13
Jul ’25€28.60
€37.18
+30.0%
13.9%€45.74€28.01n/a13
Jun ’25€27.80
€38.86
+39.8%
21.4%€61.76€27.65n/a13
May ’25€31.00
€41.79
+34.8%
19.7%€63.08€28.25n/a13
Apr ’25€28.80
€40.85
+41.8%
19.2%€62.00€27.76n/a14
Mar ’25€30.00
€42.57
+41.9%
19.3%€65.76€27.40n/a13
Feb ’25€29.00
€42.57
+46.8%
19.3%€65.76€27.40n/a13
Jan ’25€35.40
€43.01
+21.5%
18.6%€66.20€27.59€40.4014
Dec ’24€34.40
€43.01
+25.0%
18.6%€66.20€27.59€37.0014
Nov ’24€37.20
€46.31
+24.5%
32.8%€98.19€28.32€30.8015
Oct ’24€36.20
€45.22
+24.9%
34.1%€97.39€28.09€32.8015
Sep ’24€32.40
€44.32
+36.8%
32.4%€95.86€27.65€31.4017
Aug ’24€31.20
€42.45
+36.1%
32.7%€95.07€27.42€30.8018
Jul ’24€28.20
€42.45
+50.5%
32.7%€95.07€27.42€28.6018
Jun ’24€25.20
€43.37
+72.1%
32.6%€96.66€27.88€27.8018
May ’24€26.80
€43.50
+62.3%
31.9%€94.56€27.28€31.0018
Apr ’24€28.90
€44.68
+54.6%
31.1%€96.55€31.57€28.8018
Mar ’24€30.30
€48.07
+58.7%
28.8%€97.67€32.87€30.0018
Feb ’24€34.40
€46.39
+34.9%
30.1%€95.71€32.21€29.0018
Jan ’24€30.00
€47.37
+57.9%
31.8%€99.14€28.60€35.4018

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 10:22
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

JOYY Inc. is covered by 39 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alicia YapBarclays
Yanfang JiangBenchmark Company
Zoe ZhuBNP Paribas Securities (Asia)