company background image
YY

JOYY NasdaqGS:YY Stock Report

Last Price

US$32.62

Market Cap

US$2.3b

7D

10.1%

1Y

-53.8%

Updated

26 Jun, 2022

Data

Company Financials +
YY fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends2/6

YY Stock Overview

JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms.

JOYY Competitors

Price History & Performance

Summary of all time highs, changes and price drops for JOYY
Historical stock prices
Current Share PriceUS$32.62
52 Week HighUS$71.39
52 Week LowUS$23.14
Beta0.58
1 Month Change-18.67%
3 Month Change-13.86%
1 Year Change-53.83%
3 Year Change-53.19%
5 Year Change-43.79%
Change since IPO188.42%

Recent News & Updates

Jun 04
JOYY (NASDAQ:YY) Is Due To Pay A Dividend Of US$0.51

JOYY (NASDAQ:YY) Is Due To Pay A Dividend Of US$0.51

JOYY Inc. ( NASDAQ:YY ) will pay a dividend of US$0.51 on the 6th of July. This means the annual payment is 5.9% of the...

Shareholder Returns

YYUS Interactive Media and ServicesUS Market
7D10.1%6.8%6.6%
1Y-53.8%-44.8%-18.4%

Return vs Industry: YY underperformed the US Interactive Media and Services industry which returned -44.8% over the past year.

Return vs Market: YY underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is YY's price volatile compared to industry and market?
YY volatility
YY Average Weekly Movement11.1%
Interactive Media and Services Industry Average Movement11.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: YY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: YY's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20057,449David Lihttps://joyy.sg

JOYY Inc., together with its subsidiaries, operates social media platforms that offer users engaging and experience across various video and audio-based social platforms. The company operates Bigo Live, a live streaming platform that allows users to live stream specific moments, such as showcase talents, socialize, and connect with other users worldwide; Likee, a short-form video social platform that focuses on enabling users to create short-form video; Hago, a casual game-oriented social platform; and imo, a chat and instant messaging application with functions, including video calls and other communication tools, such as group calls, document sharing, etc.. It operates in the People’s Republic of China, the United States, the Great Britain, Japan, South Korea, Australia, the Middle East, and Southeast Asia and others. The company was formerly known as YY Inc. and changed its name to JOYY Inc. in December 2019.

JOYY Fundamentals Summary

How do JOYY's earnings and revenue compare to its market cap?
YY fundamental statistics
Market CapUS$2.34b
Earnings (TTM)-US$65.13m
Revenue (TTM)US$2.60b

0.9x

P/S Ratio

-35.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
YY income statement (TTM)
RevenueUS$2.60b
Cost of RevenueUS$1.76b
Gross ProfitUS$838.90m
Other ExpensesUS$904.04m
Earnings-US$65.13m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.91
Gross Margin32.27%
Net Profit Margin-2.51%
Debt/Equity Ratio16.6%

How did YY perform over the long term?

See historical performance and comparison

Dividends

6.3%

Current Dividend Yield

-240%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

YY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Sales Ratio vs Peers

How does YY's PS Ratio compare to its peers?

YY PS Ratio vs Peers
The above table shows the PS ratio for YY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2x
ANGI Angi
1.4x14.8%US$2.4b
YELP Yelp
2x7.2%US$2.1b
ZIP ZipRecruiter
2.2x12.0%US$1.9b
ZD Ziff Davis
2.6x8.7%US$3.6b
YY JOYY
0.9x8.9%US$2.3b

Price-To-Sales vs Peers: YY is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (2x).


Price to Earnings Ratio vs Industry

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

Price-To-Sales vs Industry: YY is good value based on its Price-To-Sales Ratio (0.9x) compared to the US Interactive Media and Services industry average (2x)


Price to Sales Ratio vs Fair Ratio

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

YY PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.9x
Fair PS Ratio1.8x

Price-To-Sales vs Fair Ratio: YY is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (1.8x).


Share Price vs Fair Value

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

Below Fair Value: YY ($32.62) is trading below our estimate of fair value ($120.02)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate YY's PEG Ratio to determine if it is good value.


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Future Growth

How is JOYY forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


72.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: YY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: YY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: YY is expected to become profitable in the next 3 years.

Revenue vs Market: YY's revenue (8.9% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: YY's revenue (8.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: YY's Return on Equity is forecast to be low in 3 years time (3.9%).


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Past Performance

How has JOYY performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-38.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: YY is currently unprofitable.

Growing Profit Margin: YY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: YY is unprofitable, and losses have increased over the past 5 years at a rate of 38.7% per year.

Accelerating Growth: Unable to compare YY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: YY is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (-37.6%).


Return on Equity

High ROE: YY has a negative Return on Equity (-1.51%), as it is currently unprofitable.


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Financial Health

How is JOYY's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: YY's short term assets ($4.9B) exceed its short term liabilities ($2.5B).

Long Term Liabilities: YY's short term assets ($4.9B) exceed its long term liabilities ($1.0B).


Debt to Equity History and Analysis

Debt Level: YY has more cash than its total debt.

Reducing Debt: YY's debt to equity ratio has reduced from 58.9% to 16.6% over the past 5 years.

Debt Coverage: YY's debt is well covered by operating cash flow (23.2%).

Interest Coverage: Insufficient data to determine if YY's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is JOYY current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


6.25%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: YY's dividend (6.25%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: YY's dividend (6.25%) is in the top 25% of dividend payers in the US market (4.24%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, YY has been paying a dividend for less than 10 years.

Growing Dividend: YY's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: YY is paying a dividend but the company is unprofitable.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (572.4%), YY's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.1yrs

Average management tenure


CEO

David Li (48 yo)

5.08yrs

Tenure

Mr. Xueling Li, also known as David, is a Co-Founder of JOYY Inc. (formerly known as YY Inc.) and has been its Chief Executive Officer since April 2019 and served as its Acting Chief Executive Officer sinc...


Leadership Team

Experienced Management: YY's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: YY's board of directors are considered experienced (9.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

JOYY Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: JOYY Inc.
  • Ticker: YY
  • Exchange: NasdaqGS
  • Founded: 2005
  • Industry: Interactive Media and Services
  • Sector: Media
  • Implied Market Cap: US$2.338b
  • Shares outstanding: 71.66m
  • Website: https://joyy.sg

Number of Employees


Location

  • JOYY Inc.
  • 30 Pasir Panjang Road
  • Suite 15-31A
  • Singapore
  • 117440
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.