JOYY Inc.

DB:0YYA Stock Report

Market Cap: €1.9b

JOYY Valuation

Is 0YYA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 0YYA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0YYA (€34.2) is trading below our estimate of fair value (€256.49)

Significantly Below Fair Value: 0YYA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0YYA?

Key metric: As 0YYA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0YYA. This is calculated by dividing 0YYA's market cap by their current earnings.
What is 0YYA's PE Ratio?
PE Ratio7.3x
EarningsUS$266.05m
Market CapUS$1.94b

Price to Earnings Ratio vs Peers

How does 0YYA's PE Ratio compare to its peers?

The above table shows the PE ratio for 0YYA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.7x
G24 Scout24
35.3x14.8%€6.2b
NWO New Work
30.7x32.3%€367.6m
YOC YOC
14.3x20.1%€53.9m
SAX Ströer SE KGaA
22.6x29.2%€2.6b
0YYA JOYY
7.3x1.6%€1.9b

Price-To-Earnings vs Peers: 0YYA is good value based on its Price-To-Earnings Ratio (7.3x) compared to the peer average (25.7x).

Price to Earnings Ratio vs Industry

How does 0YYA's PE Ratio compare vs other companies in the European Interactive Media and Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0YYA 7.3xIndustry Avg. 16.3xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0YYA is good value based on its Price-To-Earnings Ratio (7.3x) compared to the European Interactive Media and Services industry average (16.3x).

Price to Earnings Ratio vs Fair Ratio

What is 0YYA'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.

0YYA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.3x
Fair PE Ratio15.2x

Price-To-Earnings vs Fair Ratio: 0YYA is good value based on its Price-To-Earnings Ratio (7.3x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).

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 0YYA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€34.20
€36.42
+6.5%
9.3%€42.61€32.42n/a12
Nov ’25€31.20
€35.98
+15.3%
11.2%€42.54€27.74n/a12
Oct ’25€32.40
€35.30
+8.9%
12.1%€42.06€26.84n/a13
Sep ’25€31.20
€35.27
+13.0%
13.5%€42.44€27.09n/a13
Aug ’25€30.80
€37.18
+20.7%
13.9%€45.74€28.01n/a13
Jul ’25€27.80
€37.18
+33.8%
13.9%€45.74€28.01n/a13
Jun ’25€28.60
€38.86
+35.9%
21.4%€61.76€27.65n/a13
May ’25€31.00
€41.79
+34.8%
19.7%€63.08€28.25n/a13
Apr ’25€27.80
€40.85
+46.9%
19.2%€62.00€27.76n/a14
Mar ’25€29.00
€42.57
+46.8%
19.3%€65.76€27.40n/a13
Feb ’25€28.20
€42.57
+51.0%
19.3%€65.76€27.40n/a13
Jan ’25€35.00
€43.01
+22.9%
18.6%€66.20€27.59n/a14
Dec ’24€34.80
€43.01
+23.6%
18.6%€66.20€27.59n/a14
Nov ’24€36.20
€46.31
+27.9%
32.8%€98.19€28.32€31.2015
Oct ’24€35.80
€45.22
+26.3%
34.1%€97.39€28.09€32.4015
Sep ’24€31.40
€44.32
+41.1%
32.4%€95.86€27.65€31.2017
Aug ’24€31.40
€42.45
+35.2%
32.7%€95.07€27.42€30.8018
Jul ’24€27.80
€42.45
+52.7%
32.7%€95.07€27.42€27.8018
Jun ’24€23.00
€43.37
+88.6%
32.6%€96.66€27.88€28.6018
May ’24€27.20
€43.50
+59.9%
31.9%€94.56€27.28€31.0018
Apr ’24€28.90
€44.68
+54.6%
31.1%€96.55€31.57€27.8018
Mar ’24€31.10
€48.07
+54.6%
28.8%€97.67€32.87€29.0018
Feb ’24€33.10
€46.39
+40.2%
30.1%€95.71€32.21€28.2018
Jan ’24€29.70
€47.37
+59.5%
31.8%€99.14€28.60€35.0018
Dec ’23€28.80
€48.40
+68.0%
31.8%€100.72€29.06€34.8018
Nov ’23€26.80
€52.41
+95.6%
31.5%€104.02€30.01€36.2018

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

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