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YY

Nasdaq:YY
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YY
Nasdaq
$6B
Market Cap
  1. Home
  2. US
  3. Media
Company description

YY Inc., through its subsidiaries, engages in the live streaming business in the People’s Republic of China. The last earnings update was 7 days ago. More info.


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  • YY has significant price volatility in the past 3 months.
YY Share Price and Events
7 Day Returns
-8.6%
NasdaqGS:YY
2.4%
US Interactive Media and Services
2%
US Market
1 Year Returns
-35.6%
NasdaqGS:YY
-7.4%
US Interactive Media and Services
4.3%
US Market
YY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
YY (YY) -8.6% 10% -13.3% -35.6% 112.4% -8.9%
US Interactive Media and Services 2.4% 1.8% -1.3% -7.4% 65% 90.2%
US Market 2% 4.1% 4.2% 4.3% 43.9% 40.8%
1 Year Return vs Industry and Market
  • YY underperformed the Interactive Media and Services industry which returned -7.4% over the past year.
  • YY underperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
YY
Industry
5yr Volatility vs Market
Related Companies

Value

 Is YY undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of YY to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for YY.

NasdaqGS:YY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 19 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:YY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Interactive Media and Services Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.034 (1 + (1- 25%) (4.09%))
1.044
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.044 * 5.96%)
8.95%

Discounted Cash Flow Calculation for NasdaqGS:YY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for YY is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:YY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.95%)
2019 6,223.76 Analyst x5 5,712.28
2020 3,680.53 Analyst x8 3,100.44
2021 5,489.77 Analyst x7 4,244.46
2022 7,831.66 Analyst x1 5,557.48
2023 8,521.22 Est @ 8.8% 5,549.86
2024 9,116.21 Est @ 6.98% 5,449.43
2025 9,636.44 Est @ 5.71% 5,287.00
2026 10,100.30 Est @ 4.81% 5,086.08
2027 10,523.36 Est @ 4.19% 4,863.61
2028 10,918.09 Est @ 3.75% 4,631.35
Present value of next 10 years cash flows CN¥49,481.99
NasdaqGS:YY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥10,918.09 × (1 + 2.73%) ÷ (8.95% – 2.73%)
CN¥180,202.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥180,202.79 ÷ (1 + 8.95%)10
CN¥76,440.29
NasdaqGS:YY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥49,481.99 + CN¥76,440.29
CN¥125,922.28
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥125,922.28 / 78.88
CN¥1596.29
NasdaqGS:YY Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NasdaqGS:YY)
0.146
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥1596.29 x 0.146
$232.4
Value per share (USD) From above. $232.40
Current discount Discount to share price of $70.55
= -1 x ($70.55 - $232.40) / $232.40
69.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price YY is available for.
Intrinsic value
>50%
Share price is $70.55 vs Future cash flow value of $232.4
Current Discount Checks
For YY to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • YY's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • YY's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for YY's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are YY's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:YY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥65.79
NasdaqGS:YY Share Price ** NasdaqGS (2019-06-24) in USD $70.55
NasdaqGS:YY Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.869 CN¥484.58
United States of America Interactive Media and Services Industry PE Ratio Median Figure of 26 Publicly-Listed Interactive Media and Services Companies 28.04x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.88x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of YY.

NasdaqGS:YY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:YY Share Price ÷ EPS (both in CNY)

= 484.58 ÷ 65.79

7.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • YY is good value based on earnings compared to the US Interactive Media and Services industry average.
  • YY is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does YY's expected growth come at a high price?
Raw Data
NasdaqGS:YY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.37x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts
-4.1%per year
United States of America Interactive Media and Services Industry PEG Ratio Median Figure of 25 Publicly-Listed Interactive Media and Services Companies 1.36x
United States of America Market PEG Ratio Median Figure of 2,134 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NasdaqGS:YY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.37x ÷ -4.1%

-1.8x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • YY earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on YY's assets?
Raw Data
NasdaqGS:YY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥370.48
NasdaqGS:YY Share Price * NasdaqGS (2019-06-24) in USD $70.55
NasdaqGS:YY Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.869 CN¥484.58
United States of America Interactive Media and Services Industry PB Ratio Median Figure of 56 Publicly-Listed Interactive Media and Services Companies 3.13x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.8x
NasdaqGS:YY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:YY Share Price ÷ Book Value per Share (both in CNY)

= 484.58 ÷ 370.48

1.31x

* Primary Listing of YY.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • YY is good value based on assets compared to the US Interactive Media and Services industry average.
X
Value checks
We assess YY's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Interactive Media and Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Interactive Media and Services industry average (and greater than 0)? (1 check)
  5. YY has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is YY expected to perform in the next 1 to 3 years based on estimates from 19 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-4.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is YY expected to grow at an attractive rate?
  • YY's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • YY's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • YY's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:YY Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:YY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 19 Analysts -4.1%
NasdaqGS:YY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 19 Analysts 19.2%
United States of America Interactive Media and Services Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
United States of America Interactive Media and Services Industry Revenue Growth Rate Market Cap Weighted Average 15.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:YY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:YY Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 41,377 5,621 1
2021-12-31 35,293 6,053 3,591 14
2020-12-31 30,179 4,553 2,645 19
2019-12-31 24,214 6,552 4,184 19
NasdaqGS:YY Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 17,295 4,651 4,302
2018-12-31 15,764 4,465 1,642
2018-09-30 14,749 1,698
2018-06-30 13,741 1,684
2018-03-31 12,577 2,394
2017-12-31 11,595 3,718 2,493
2017-09-30 10,452 2,325
2017-06-30 9,450 2,930 2,089
2017-03-31 8,822 1,859
2016-12-31 8,204 2,421 1,524
2016-09-30 7,620 1,311
2016-06-30 7,020 1,067

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • YY's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • YY's revenue is expected to grow by 19.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:YY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below

All data from YY Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:YY Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 80.77 80.77 80.77 1.00
2021-12-31 50.63 68.44 42.00 7.00
2020-12-31 34.89 49.85 27.51 11.00
2019-12-31 53.87 67.20 32.82 13.00
NasdaqGS:YY Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 65.79
2018-12-31 25.64
2018-09-30 26.58
2018-06-30 26.79
2018-03-31 39.20
2017-12-31 42.03
2017-09-30 40.41
2017-06-30 36.87
2017-03-31 32.89
2016-12-31 27.04
2016-09-30 23.33
2016-06-30 19.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • YY is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess YY's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
YY has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has YY performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare YY's growth in the last year to its industry (Interactive Media and Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • YY has delivered over 20% year on year earnings growth in the past 5 years.
  • YY's 1-year earnings growth exceeds its 5-year average (79.7% vs 26.7%)
  • YY's earnings growth has exceeded the US Interactive Media and Services industry average in the past year (79.7% vs 58.6%).
Earnings and Revenue History
YY's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from YY Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:YY Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 17,295.21 4,302.16 2,538.59 1,279.46
2018-12-31 15,763.56 1,641.96 2,082.75 1,141.85
2018-09-30 14,749.17 1,698.35 1,863.62 1,080.16
2018-06-30 13,741.00 1,683.62 1,707.20 932.17
2018-03-31 12,576.77 2,394.22 1,505.35 803.58
2017-12-31 11,594.79 2,493.24 1,298.13 719.68
2017-09-30 10,452.40 2,325.08 1,259.04 582.42
2017-06-30 9,449.90 2,089.16 999.89 656.27
2017-03-31 8,821.69 1,858.73 946.52 584.39
2016-12-31 8,204.05 1,523.92 942.63 598.48
2016-09-30 7,619.74 1,310.88 696.74 667.79
2016-06-30 7,019.90 1,067.22 716.37 657.56
2016-03-31 6,396.31 1,014.62 664.44 605.46
2015-12-31 5,897.25 1,033.24 667.82 495.13
2015-09-30 5,168.04 1,046.82 570.47 511.55
2015-06-30 4,678.45 1,176.69 456.13 456.99
2015-03-31 4,162.30 1,107.87 367.41 472.47
2014-12-31 3,678.37 1,064.47 319.85 431.19
2014-09-30 3,120.04 883.69 291.59 371.48
2014-06-30 2,606.83 726.42 262.55 312.03
2014-03-31 2,174.83 597.37 257.28 275.17
2013-12-31 1,823.47 477.73 225.51 267.01
2013-09-30 1,477.99 1,249.07 217.28 240.51
2013-06-30 1,219.59 1,166.85 206.32 206.96
2013-03-31 998.33 1,027.34 167.20 177.46
2012-12-31 820.03 904.30 143.41 160.06
2012-09-30 666.14 -77.96 132.06 142.50
2012-06-30 525.35 -167.71 125.93 135.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • YY has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • YY used its assets more efficiently than the US Interactive Media and Services industry average last year based on Return on Assets.
  • YY's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess YY's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Interactive Media and Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
YY has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is YY's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up YY's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • YY is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • YY's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of YY's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 14.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from YY Company Filings, last reported 2 months ago.

NasdaqGS:YY Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 32,253.42 1,289.25 15,246.03
2018-12-31 21,377.13 6.86 14,310.28
2018-09-30 20,505.71 6.88 14,472.99
2018-06-30 19,276.98 720.05 13,752.69
2018-03-31 11,488.25 6.29 12,954.52
2017-12-31 10,712.86 594.77 8,742.09
2017-09-30 9,807.81 603.85 7,692.30
2017-06-30 6,254.16 616.53 3,253.21
2017-03-31 5,687.22 3,381.64 3,257.38
2016-12-31 5,052.56 2,768.47 5,331.26
2016-09-30 4,516.54 2,661.54 4,377.72
2016-06-30 4,072.99 2,636.87 3,813.85
2016-03-31 3,511.88 2,563.82 3,309.73
2015-12-31 3,246.82 2,572.12 2,823.88
2015-09-30 2,830.29 3,693.03 2,451.41
2015-06-30 2,613.85 2,444.99 3,021.98
2015-03-31 2,311.49 2,457.00 3,884.55
2014-12-31 3,090.16 2,447.98 4,689.60
2014-09-30 2,685.13 2,461.53 4,922.14
2014-06-30 2,362.71 2,461.54 4,950.49
2014-03-31 2,104.33 2,461.54 4,735.41
2013-12-31 1,887.21 0.00 2,162.46
2013-09-30 1,678.49 0.00 1,865.48
2013-06-30 1,513.26 0.00 1,678.22
2013-03-31 1,402.77 0.00 1,505.20
2012-12-31 1,323.29 0.00 1,402.40
2012-09-30 753.11 0.00 777.11
2012-06-30 696.21 0.00 694.99
  • YY's level of debt (4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (116.8% vs 4% today).
  • Debt is well covered by operating cash flow (360.7%, greater than 20% of total debt).
  • YY earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess YY's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. YY has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is YY's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from YY dividends. Estimated to be 0% next year.
If you bought $2,000 of YY shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate YY's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate YY's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:YY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 19 Analyst Estimates (S&P Global) See Below
Global Interactive Media and Services Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 0.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:YY Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.00 3.00
2020-12-31 0.00 5.00
2019-12-31 0.00 5.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as YY has not reported any payouts.
  • Unable to verify if YY's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of YY's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as YY has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of YY's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess YY's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can YY afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. YY has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of YY's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Li
AGE 45
TENURE AS CEO 2.1 years
CEO Bio

Mr. Xueling Li, also known as David, is a Co-Founder of YY Inc. and has been its Chief Executive Officer since April 2019 and served as its Acting Chief Executive Officer since May 16, 2017 until April 2019. Mr. Li serves as Founding Partner of Engage Capital. He serves as Consultant at Lotus Venture Capital. Mr. Li served as Chief Executive Officer of YY Inc. until August 17, 2016. He worked at Netease.com, Inc from July 2003 to April 2005 and served as its Chief Editor. In 2000, he founded CFP.cn, a website that provided a copyright trading platform for journalists and amateur photographers. Mr. Li has been the Chairman of YY Inc. since August 17, 2016 and serves as its Director. He has been the Chairman of the Board of HUYA Inc. since July 2017. Mr. Li received a Bachelor’s degree in Philosophy from Renmin University of China in 1997.

CEO Compensation
  • Insufficient data for David to compare compensation growth.
  • Insufficient data for David to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the YY management team in years:

2.1
Average Tenure
41.5
Average Age
  • The tenure for the YY management team is about average.
Management Team

David Li

TITLE
Co-Founder
AGE
45
TENURE
2.1 yrs

Bing Jin

TITLE
Chief Financial Officer
AGE
41
TENURE
2.1 yrs

Ting Li

TITLE
Chief Operating Officer
AGE
34
TENURE
3.4 yrs

Jeff Lu

TITLE
Chief Technology Officer
AGE
37
TENURE
1 yrs

Matthew Zhao

TITLE
IR Director

Rongjie Dong

TITLE
Chief Executive Officer of HUYA Inc.
AGE
43

Zhou Chen

TITLE
Strategic Advisor
AGE
42
TENURE
2.1 yrs
Board of Directors Tenure

Average tenure and age of the YY board of directors in years:

6.1
Average Tenure
52
Average Age
  • The tenure for the YY board of directors is about average.
Board of Directors

David Li

TITLE
Co-Founder
AGE
45
TENURE
2.8 yrs

Peter Andrew Schloss

TITLE
Independent Director
AGE
58
TENURE
6.6 yrs

David Tang

TITLE
Independent Director
AGE
63
TENURE
6.1 yrs

Richard Liu

TITLE
Independent Director
AGE
47
TENURE
11 yrs

Richard Ji

TITLE
Independent Director
AGE
52
TENURE
6.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess YY's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. YY has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

A Close Look At YY Inc.’s (NASDAQ:YY) 12% ROCE

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Is Now An Opportune Moment To Examine YY Inc. (NASDAQ:YY)?

As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, could the stock still be trading at a relatively cheap price. … Let’s take a look at YY’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

A Closer Look At YY Inc.'s (NASDAQ:YY) Uninspiring ROE

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.080 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Investors Are Undervaluing YY Inc. (NASDAQ:YY) By 46.24%

by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Should You Ramp Up Holdings In YY Inc. (NASDAQ:YY)?

Stock market crashes are an opportune time to buy. … High quality companies, such as YY Inc., are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … Take the survey and be part of one of the most advanced studies of stock market investors to date.

Simply Wall St -

What Kind Of Shareholders Own YY Inc. (NASDAQ:YY)?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutions own shares in the company.

Simply Wall St -

What Should You Know About YY Inc.'s (NASDAQ:YY) Future?

Looking at YY Inc.'s (NASDAQ:YY) earnings update in September 2018, … with earnings expected to grow by a high double-digit of 59% in the upcoming year,

Simply Wall St -

Should You Be Worried About Insider Transactions At YY Inc. (NASDAQ:YY)?

The Last 12 Months Of Insider Transactions At YY. … In the last twelve months, the biggest single sale by an insider was when Jun Lei sold US$71m worth of shares at a price of US$142 per share. … Although we don't gain confidence from insider selling, we note that this large sale was at well above current price of US$65.52.

Simply Wall St -

Is It Too Late To Buy YY Inc (NASDAQ:YY) At Its December Price?

YY Inc (NASDAQ:YY) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $68.07 is based on unrealistic expectations. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … YY's extremely high growth potential in the near future is attracting investors

Simply Wall St -

YY Inc (NASDAQ:YY): A Look At Return On Capital

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … Therefore, looking at how efficiently YY is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Company Info

Description

YY Inc., through its subsidiaries, engages in the live streaming business in the People’s Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform. Its platforms enable users to interact in live online group activities through voice, text, and video. The company’s primary product is YY Client, which enables users to engage in live streaming online; and offers access to user-created online social activity groups. It also provides game center on YY Client, including a game lobby and VIP game access. In addition, the company offers YY Live APP and Huya APP mobile applications to provide various live streaming contents to its users through mobile operating systems. Further, it develops and operates YY.com and Huya.com, as well as other personal computer (PC) Websites, such as 100.com, Duowan.com, etc. that enable users to conduct real-time interactions and watch live streaming content through Web browsers on PC and mobile, without requiring any downloads or installations. Additionally, the company offers online advertising and promotion services. YY Inc. was founded in 2005 and is based in Guangzhou, the People’s Republic of China.

Details
Name: YY Inc.
YY
Exchange: NasdaqGS
Founded: 2005
$5,565,284,825
78,884,264
Website: http://www.yy.com
Address: YY Inc.
Building B-1,
North Block of Wanda Plaza,
Guangzhou,
Guangdong Province, 511442,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS YY ADS REPSTG COM A Nasdaq Global Select US USD 21. Nov 2012
DB 0YYA ADS REPSTG COM A Deutsche Boerse AG DE EUR 21. Nov 2012
LSE 0VVY ADS REPSTG COM A London Stock Exchange GB USD 21. Nov 2012
SWX YY ADS REPSTG COM A SIX Swiss Exchange CH CHF 21. Nov 2012
WBAG YYA ADS REPSTG COM A Wiener Boerse AG AT EUR 21. Nov 2012
BMV YY N ADS REPSTG COM A Bolsa Mexicana de Valores MX MXN 21. Nov 2012
Number of employees
Current staff
Staff numbers
4,325
YY employees.
Industry
Interactive Media and Services
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/25 00:48
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/06/21
Last earnings filing: 2019/06/18
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.