Financials JOYY Inc.

Equities

YY

US46591M1099

Internet Services

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
33.38 USD +0.45% Intraday chart for JOYY Inc. +3.57% -15.92%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 3,800 4,261 6,477 3,542 2,238 2,032 2,032 -
Enterprise Value (EV) 1 1,667 1,204 3,821 1,698 2,238 2,414 81.46 -723.7
P/E ratio 15.8 x 8.58 x 4.36 x -39.9 x 19.9 x 8.1 x 11.7 x 11.1 x
Yield - - 1.41% 4.49% - 6.11% 0.55% 6.08%
Capitalization / Revenue 1.62 x 1.16 x 3.2 x 1.35 x 0.93 x 1.06 x 0.89 x 0.83 x
EV / Revenue 0.71 x 0.33 x 1.89 x 0.65 x 0.93 x 1.06 x 0.04 x -0.29 x
EV / EBITDA 3.17 x 2.3 x -16.2 x 9.39 x - -4.69 x 0.41 x -3.26 x
EV / FCF 2.76 x 2.45 x 10.4 x 12.1 x - -2.3 x 0.34 x -2.75 x
FCF Yield 36.3% 40.9% 9.62% 8.27% - -43.4% 296% -36.4%
Price to Book 1.38 x 0.9 x 1.03 x 0.64 x - 0.42 x 0.4 x 0.4 x
Nbr of stocks (in thousands) 63,478 80,719 80,984 77,958 70,843 60,868 60,868 -
Reference price 2 59.86 52.79 79.98 45.43 31.59 33.38 33.38 33.38
Announcement Date 3/4/19 3/16/20 3/25/21 3/15/22 3/15/23 3/18/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 2,350 3,658 2,021 2,619 2,412 2,268 2,292 2,461
EBITDA 1 526.6 524.4 -236 180.8 - 169.4 197.9 221.7
EBIT 1 495.4 376.9 -430.9 72.15 164 130.5 107 159.4
Operating Margin 21.08% 10.3% -21.32% 2.75% 6.8% 5.76% 4.67% 6.48%
Earnings before Tax (EBT) 1 377.9 601.9 -93.82 -77.59 634.6 288 201.7 214.1
Net income 1 244.8 483.3 1,468 -89.53 119.5 347.4 195.6 199.1
Net margin 10.42% 13.21% 72.62% -3.42% 4.95% 15.32% 8.53% 8.09%
EPS 2 3.784 6.152 18.34 -1.140 1.590 4.900 2.848 3.004
Free Cash Flow 1 605.2 492.5 367.4 140.5 - 345 241 263.2
FCF margin 25.75% 13.46% 18.18% 5.37% - 15.24% 10.52% 10.7%
FCF Conversion (EBITDA) 114.93% 93.92% - 77.71% - 203.62% 121.78% 118.7%
FCF Conversion (Net income) 247.23% 101.89% 25.03% - - 122.02% 123.24% 132.18%
Dividend per Share 2 - - 1.130 2.040 - 2.040 0.1834 2.031
Announcement Date 3/4/19 3/16/20 3/25/21 3/15/22 3/15/23 3/18/24 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 Q3 2020 Q4 2021 Q1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 954.8 578 643.1 661.7 650.5 663.7 623.8 596.1 586.7 604.9 583.6 543.8 563.8 564.5 554
EBITDA 1 - - - - - 111.4 50.32 82.72 63.81 - 40 49 51 44 -
EBIT 1 125.4 -85.18 -29.68 -12.95 31.28 83.5 33.28 59.85 43.13 27.76 27.76 12.5 16 15 20
Operating Margin 13.14% -14.74% -4.61% -1.96% 4.81% 12.58% 5.34% 10.04% 7.35% 4.59% 4.76% 2.3% 2.84% 2.66% 3.61%
Earnings before Tax (EBT) 1 364.3 -143.7 -67.89 -86 -15.16 91.45 2.024 70.74 544.2 17.61 34.71 18.33 30 36 -
Net income 1 347.3 -4.389 -54.12 -111.7 5.291 71 -29.73 16.4 512.9 -380.1 25.42 9 28 37 -
Net margin 36.37% -0.76% -8.42% -16.88% 0.81% 10.7% -4.77% 2.75% 87.41% -62.83% 4.36% 1.66% 4.97% 6.55% -
EPS 3.937 -0.0535 -0.6800 -1.430 0.0700 0.8500 -0.4100 0.2300 6.280 -5.380 - - - - -
Dividend per Share 0.3100 - 0.5100 0.5100 0.5100 0.5100 0.5100 0.5100 0.5100 - - - - - -
Announcement Date 11/16/20 3/25/21 5/28/21 8/19/21 11/17/21 3/15/22 6/1/22 8/30/22 11/29/22 3/15/23 5/31/23 - - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 2,132 3,057 2,656 1,843 - 2,827 1,950 2,755
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 605 492 367 141 - 345 241 263
ROE (net income / shareholders' equity) 21.9% 8.59% 26.1% -1.52% - 5% 4.18% 4.68%
ROA (Net income/ Total Assets) 15.9% 5.78% 18.3% -1.04% - 1.44% 1.82% 2.02%
Assets 1 1,540 8,366 8,022 8,608 - 19,701 10,749 9,851
Book Value Per Share 2 43.50 58.40 77.80 70.80 - 78.70 83.00 83.40
Cash Flow per Share 2 8.310 5.870 6.610 2.690 - 4.340 5.550 5.600
Capex 1 58.4 154 161 70.8 - 150 140 141
Capex / Sales 2.48% 4.22% 7.97% 2.7% - 6.64% 6.11% 5.73%
Announcement Date 3/4/19 3/16/20 3/25/21 3/15/22 3/15/23 3/18/24 - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
33.38 USD
Average target price
44.38 USD
Spread / Average Target
+32.97%
Consensus
  1. Stock Market
  2. Equities
  3. YY Stock
  4. Financials JOYY Inc.