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Market Cap

US$6.9b

Last Updated

2021/05/08 15:44 UTC

Data Sources

Company Financials +

Executive Summary

JOYY Inc., through its subsidiaries, operates a social media platform in the People’s Republic of China and internationally. More Details


Snowflake Analysis

Excellent balance sheet with high growth potential.


Similar Companies

Share Price & News

How has JOYY's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: YY is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: YY's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

-7.7%

YY

-3.3%

US Interactive Media and Services

-0.3%

US Market


1 Year Return

59.5%

YY

65.4%

US Interactive Media and Services

50.2%

US Market

Return vs Industry: YY underperformed the US Interactive Media and Services industry which returned 65.4% over the past year.

Return vs Market: YY exceeded the US Market which returned 50.2% over the past year.


Shareholder returns

YYIndustryMarket
7 Day-7.7%-3.3%-0.3%
30 Day-15.0%2.2%2.2%
90 Day-23.5%9.0%3.8%
1 Year61.9%59.5%65.5%65.4%52.7%50.2%
3 Year-13.2%-14.4%82.4%82.1%63.4%53.1%
5 Year98.6%95.7%184.8%184.3%129.6%104.0%

Long-Term Price Volatility Vs. Market

How volatile is JOYY's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

1.11x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: YY ($87.75) is trading above our estimate of fair value ($18.29)

Significantly Below Fair Value: YY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: YY is unprofitable, so we can't compare its PE Ratio to the US Interactive Media and Services industry average.

PE vs Market: YY is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: YY is good value based on its PB Ratio (1.1x) compared to the US Interactive Media and Services industry average (4.1x).


Future Growth

How is JOYY forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

48.9%

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 (2%).

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's is expected to become profitable in the next 3 years.

Revenue vs Market: YY's revenue (24% per year) is forecast to grow faster than the US market (9.1% per year).

High Growth Revenue: YY's revenue (24% per year) is forecast to grow faster 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 (2.4%).


Past Performance

How has JOYY performed over the past 5 years?

3.2%

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, but has reduced losses over the past 5 years at a rate of 3.2% 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 (8.9%).


Return on Equity

High ROE: YY has a negative Return on Equity (-0.47%), as it is currently unprofitable.


Financial Health

How is JOYY's financial position?


Financial Position Analysis

Short Term Liabilities: YY's short term assets (CN¥25.5B) exceed its short term liabilities (CN¥6.2B).

Long Term Liabilities: YY's short term assets (CN¥25.5B) exceed its long term liabilities (CN¥5.9B).


Debt to Equity History and Analysis

Debt Level: YY's debt to equity ratio (14.3%) is considered satisfactory.

Reducing Debt: YY's debt to equity ratio has reduced from 79.1% to 14.3% over the past 5 years.

Debt Coverage: YY's debt is well covered by operating cash flow (58.8%).

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


Balance Sheet


Dividend

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

2.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: YY's dividend (2.32%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: YY's dividend (2.32%) is low compared to the top 25% of dividend payers in the US market (3.41%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether YY's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if YY's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: YY's dividends in 3 years are forecast to be well covered by earnings (37.7% payout ratio).


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

David Li (47 yo)

4yrs

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 considered experienced (4 years average tenure).


Board Members

Experienced Board: YY's board of directors are considered experienced (8 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 company bio, 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
  • Market Cap: US$6.863b
  • Shares outstanding: 78.21m
  • Website: https://www.huanju.cn

Number of Employees


Location

  • JOYY Inc.
  • Building B-1
  • North Block of Wanda Plaza
  • Guangzhou
  • Guangdong Province
  • 511442
  • China

Listings


Biography

JOYY Inc., through its subsidiaries, operates a social media platform in the People’s Republic of China and internationally. The company operates live streaming platforms, including YY Live, an interactive...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/08 15:44
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.