JOYY INC. |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.72 USD | -2.26% |
|
-1.21% | -17.88% |
| Mar. 19 | Jefferies Adjusts JOYY Price Target to $42 From $44.40, Maintains Buy Rating | MT |
| Mar. 19 | Morgan Stanley Adjusts JOYY Price Target to $37 From $40, Maintains Equalweight Rating | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,261 | 6,477 | 3,542 | 2,238 | 2,414 | 2,037 | - | - |
| Enterprise Value (EV) 1 | 1,204 | 3,821 | 1,698 | 2,238 | 2,414 | 86.94 | -718.2 | -470.7 |
| P/E ratio | 8.58 x | 4.36 x | -39.9 x | 19.9 x | 8.1 x | 11.8 x | 11.1 x | 10 x |
| Yield | - | 1.41% | 4.49% | - | - | 0.55% | 6.07% | - |
| Capitalization / Revenue | 1.16 x | 3.2 x | 1.35 x | 0.93 x | 1.06 x | 0.89 x | 0.83 x | 0.8 x |
| EV / Revenue | 0.33 x | 1.89 x | 0.65 x | 0.93 x | 1.06 x | 0.04 x | -0.29 x | -0.18 x |
| EV / EBITDA | 2.3 x | -16.2 x | 9.39 x | - | - | 0.44 x | -3.24 x | -1.68 x |
| EV / FCF | 2.45 x | 10.4 x | 12.1 x | - | - | 0.36 x | -2.73 x | -1.31 x |
| FCF Yield | 40.9% | 9.62% | 8.27% | - | - | 277% | -36.6% | -76.3% |
| Price to Book | 0.9 x | 1.03 x | 0.64 x | - | - | 0.4 x | 0.4 x | 0.37 x |
| Nbr of stocks (in thousands) | 80,719 | 80,984 | 77,958 | 70,843 | 60,795 | 60,868 | - | - |
| Reference price 2 | 52.79 | 79.98 | 45.43 | 31.59 | 39.70 | 33.47 | 33.47 | 33.47 |
| Announcement Date | 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,658 | 2,021 | 2,619 | 2,412 | 2,268 | 2,292 | 2,461 | 2,545 |
| EBITDA 1 | 524.4 | -236 | 180.8 | - | - | 197.9 | 221.7 | 280.2 |
| EBIT 1 | 376.9 | -430.9 | 72.15 | 164 | 130.5 | 107 | 159.4 | 200.4 |
| Operating Margin | 10.3% | -21.32% | 2.75% | 6.8% | 5.76% | 4.67% | 6.48% | 7.87% |
| Earnings before Tax (EBT) 1 | 601.9 | -93.82 | -77.59 | 634.6 | 288 | 201.7 | 214.1 | 248.4 |
| Net income 1 | 483.3 | 1,468 | -89.53 | 119.5 | 347.4 | 195.6 | 199.1 | 220.9 |
| Net margin | 13.21% | 72.62% | -3.42% | 4.95% | 15.32% | 8.53% | 8.09% | 8.68% |
| EPS 2 | 6.152 | 18.34 | -1.140 | 1.590 | 4.900 | 2.848 | 3.004 | 3.339 |
| Free Cash Flow 1 | 492.5 | 367.4 | 140.5 | - | - | 241 | 263.2 | 359 |
| FCF margin | 13.46% | 18.18% | 5.37% | - | - | 10.52% | 10.7% | 14.1% |
| FCF Conversion (EBITDA) | 93.92% | - | 77.71% | - | - | 121.78% | 118.7% | 128.11% |
| FCF Conversion (Net income) | 101.89% | 25.03% | - | - | - | 123.24% | 132.18% | 162.52% |
| Dividend per Share 2 | - | 1.130 | 2.040 | - | - | 0.1834 | 2.031 | - |
| Announcement Date | 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 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 650.5 | 663.7 | 623.8 | 596.1 | 586.7 | 604.9 | 583.6 | 547.3 | 567.1 | 569.8 | 554 | 565 | 584 | 609 |
| EBITDA | - | 111.4 | 50.32 | 82.72 | 63.81 | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 31.28 | 83.5 | 33.28 | 59.85 | 43.13 | 27.76 | 27.76 | 34.43 | 40.41 | 27.93 | 20 | 26 | 38 | 38 |
| Operating Margin | 4.81% | 12.58% | 5.34% | 10.04% | 7.35% | 4.59% | 4.76% | 6.29% | 7.13% | 4.9% | 3.61% | 4.6% | 6.51% | 6.24% |
| Earnings before Tax (EBT) | -15.16 | 91.45 | 2.024 | 70.74 | 544.2 | 17.61 | 34.71 | 148.8 | 56.54 | 47.93 | - | - | - | - |
| Net income | 5.291 | 71 | -29.73 | 16.4 | 512.9 | -380.1 | 25.42 | 152.5 | 123.9 | 45.48 | - | - | - | - |
| Net margin | 0.81% | 10.7% | -4.77% | 2.75% | 87.41% | -62.83% | 4.36% | 27.87% | 21.85% | 7.98% | - | - | - | - |
| EPS | 0.0700 | 0.8500 | -0.4100 | 0.2300 | 6.280 | -5.380 | - | - | - | - | - | - | - | - |
| Dividend per Share | 0.5100 | 0.5100 | 0.5100 | 0.5100 | 0.5100 | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/17/21 | 3/15/22 | 6/1/22 | 8/30/22 | 11/29/22 | 3/15/23 | 5/31/23 | 8/30/23 | 11/30/23 | 3/18/24 | - | - | - | - |
1USD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 3,057 | 2,656 | 1,843 | - | - | 1,950 | 2,755 | 2,508 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 492 | 367 | 141 | - | - | 241 | 263 | 359 |
| ROE (net income / shareholders' equity) | 8.59% | 26.1% | -1.52% | - | - | 4.18% | 4.68% | 4.45% |
| ROA (Net income/ Total Assets) | 5.78% | 18.3% | -1.04% | - | - | 1.82% | 2.02% | 1.83% |
| Assets 1 | 8,366 | 8,022 | 8,608 | - | - | 10,749 | 9,851 | 12,043 |
| Book Value Per Share 2 | 58.40 | 77.80 | 70.80 | - | - | 83.00 | 83.40 | 89.80 |
| Cash Flow per Share 2 | 5.870 | 6.610 | 2.690 | - | - | 5.550 | 5.600 | 7.500 |
| Capex 1 | 154 | 161 | 70.8 | - | - | 140 | 141 | 167 |
| Capex / Sales | 4.22% | 7.97% | 2.7% | - | - | 6.11% | 5.73% | 6.58% |
| Announcement Date | 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+
Sell
Buy
Mean consensus
BUY
Number of Analysts
15
Last Close Price
33.47
USD
Average target price
44.38
USD
Spread / Average Target
+32.61%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -15.69% | 2.04B | |
| +18.26% | 413B | |
| +14.91% | 241B | |
| +9.47% | 140B | |
| +19.18% | 103B | |
| +17.55% | 83.94B | |
| +52.33% | 56.98B | |
| +33.60% | 53.38B | |
| +5.85% | 37.77B | |
| +15.64% | 34.36B |
- Stock Market
- Equities
- YY Stock
- Financials JOYY Inc.
