(JOYY) JOYY - Ratings and Ratios

Exchange: NASDAQ • Country: Singapore • Currency: USD • Type: Common Stock • ISIN: US45687D1063

Live Streaming, Short Video, Messaging, Advertising, Commerce

Interactive Media & Services
Market Cap in USD: 3,619m

IPO / Inception: 2019-12-30
12m vs SPY: 57.5%

EPS (Earnings per Share)

EPS CAGR: 14.83%
EPS Trend: 32.2%

Last SUE: 1.67
Qual. Beats: 3

Revenue

Rev. CAGR: -3.73%
Rev. Trend: -87.4%

Qual. Beats: 0

Dividends

Dividend Yield	7.35%
Yield on Cost 5y	5.31%
Yield CAGR 5y	-9.83%
Payout Consistency	58.9%
Payout Ratio	65.9%

Risk via 5d forecast
Volatility	39.2%
Value at Risk 5%th	54.4%
Relative Tail Risk	-15.74%

Reward TTM
Sharpe Ratio	1.86
Alpha	77.42
CAGR/Max DD	0.83

Character TTM
Hurst Exponent	0.550
Beta	0.516
Beta Downside	0.817

Drawdowns 3y
Max DD	34.43%
Mean DD	13.18%
Median DD	13.51%

Description: JOYY JOYY December 01, 2025

JOYY Inc. (NASDAQ:JOYY) operates a diversified social-product portfolio through its BIGO segment and a suite of ancillary services. Its flagship offerings include Bigo Live (live-streaming), Likee (short-form video), and imo (messaging), complemented by Bigo Ads (mobile advertising), Hago (social gaming), and Shopline (smart commerce). The company’s footprint spans North America, Europe, the Middle East, Southeast Asia, and other international markets, and it rebranded from YY Inc. in December 2019.

**Recent performance indicators (as of Q3 2024 filings):**
• Monthly active users (MAU) across all platforms reached ~460 million, up ~12 % YoY, driven primarily by growth in Southeast Asia and the Middle East.
• Consolidated revenue grew 9 % YoY to $1.04 billion, with Bigo Ads contributing ~45 % of total revenue and maintaining a gross margin of ~58 %.
• Net loss narrowed to $78 million, reflecting improved cost controls but still constrained by high content-creator incentives and ongoing regulatory compliance costs.

**Key economic and sector drivers:**
• The global short-video market is projected to expand at a CAGR of ~15 % through 2028, providing tailwinds for Likee’s user acquisition.
• Mobile ad spend in emerging markets (e.g., Indonesia, Saudi Arabia) is rising faster than in mature markets, supporting Bigo Ads revenue growth.
• Regulatory scrutiny of live-streaming and short-video platforms in China and India introduces execution risk; compliance costs have historically added 3–5 % to operating expenses.

For a deeper quantitative assessment, you might explore ValueRay’s detailed financial models on JOYY.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (1.74b TTM) > 0 and > 6% of Revenue (6% = 125.5m TTM)

FCFTA 0.03 (>2.0%) and ΔFCFTA 0.33pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 40.39% (prev 26.18%; Δ 14.21pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.04 (>3.0%) and CFO 308.7m <= Net Income 1.74b (YES >=105%, WARN >=100%)

Net Debt (-373.4m) to EBITDA (256.4m) ratio: -1.46 <= 3.0 (WARN <= 3.5)

Current Ratio 2.02 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (53.4m) change vs 12m ago -6.76% (target <= -2.0% for YES)

Gross Margin 36.37% (prev 35.60%; Δ 0.77pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 26.78% (prev 27.95%; Δ -1.17pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 169.7 (EBITDA TTM 256.4m / Interest Expense TTM 666.1k) >= 6 (WARN >= 3)

Altman Z'' 8.14

(A) 0.11 = (Total Current Assets 1.67b - Total Current Liabilities 827.8m) / Total Assets 7.55b

(B) 0.62 = Retained Earnings (Balance) 4.70b / Total Assets 7.55b

(D) 5.03 = Book Value of Equity 4.52b / Total Liabilities 898.3m

Total Rating: 8.14 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 53.33

1. Piotroski 6.0pt

2. FCF Yield 9.50%

3. FCF Margin 10.71%

4. Debt/Equity 0.01

5. Debt/Ebitda -1.46

6. ROIC - WACC (= -6.02)%

7. RoE 28.44%

8. Rev. Trend -87.45%

9. EPS Trend 32.17%

What is the price of JOYY shares?

As of January 15, 2026, the stock is trading at USD 69.92 with a total of 332,987 shares traded.
Over the past week, the price has changed by +3.75%, over one month by +11.78%, over three months by +26.35% and over the past year by +88.94%.

Is JOYY a buy, sell or hold?

JOYY has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy JOYY.

Strong Buy: 7
Buy: 2
Hold: 3
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the JOYY price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	76.6	9.6%
Analysts Target Price	76.6	9.6%
ValueRay Target Price	85	21.6%

JOYY Fundamental Data Overview January 15, 2026

P/E Forward = 9.7752
P/S = 1.7301
P/B = 0.5453
P/EG = 0.8597
Revenue TTM = 2.09b USD
EBIT TTM = 113.1m USD
EBITDA TTM = 256.4m USD
Long Term Debt = 17.8m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 25.6m USD (from shortTermDebt, last quarter)
Debt = 34.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -373.4m USD (from netDebt column, last quarter)
Enterprise Value = 2.36b USD (3.62b + Debt 34.7m - CCE 1.29b)
Interest Coverage Ratio = 169.7 (Ebit TTM 113.1m / Interest Expense TTM 666.1k)
EV/FCF = 10.53x (Enterprise Value 2.36b / FCF TTM 224.2m)
FCF Yield = 9.50% (FCF TTM 224.2m / Enterprise Value 2.36b)
FCF Margin = 10.71% (FCF TTM 224.2m / Revenue TTM 2.09b)
Net Margin = 83.14% (Net Income TTM 1.74b / Revenue TTM 2.09b)
Gross Margin = 36.37% ((Revenue TTM 2.09b - Cost of Revenue TTM 1.33b) / Revenue TTM)
Gross Margin QoQ = 35.75% (prev 36.48%)
Tobins Q-Ratio = 0.31 (Enterprise Value 2.36b / Total Assets 7.55b)
Interest Expense / Debt = 0.28% (Interest Expense 97.1k / Debt 34.7m)
Taxrate = 6.01% (3.79m / 63.1m)
NOPAT = 106.3m (EBIT 113.1m * (1 - 6.01%))
Current Ratio = 2.02 (Total Current Assets 1.67b / Total Current Liabilities 827.8m)
Debt / Equity = 0.01 (Debt 34.7m / totalStockholderEquity, last quarter 6.59b)
Debt / EBITDA = -1.46 (Net Debt -373.4m / EBITDA 256.4m)
Debt / FCF = -1.67 (Net Debt -373.4m / FCF TTM 224.2m)
Total Stockholder Equity = 6.12b (last 4 quarters mean from totalStockholderEquity)
RoA = 22.26% (Net Income 1.74b / Total Assets 7.55b)
RoE = 28.44% (Net Income TTM 1.74b / Total Stockholder Equity 6.12b)
RoCE = 1.84% (EBIT 113.1m / Capital Employed (Equity 6.12b + L.T.Debt 17.8m))
RoIC = 1.73% (NOPAT 106.3m / Invested Capital 6.14b)
WACC = 7.75% (E(3.62b)/V(3.65b) * Re(7.82%) + D(34.7m)/V(3.65b) * Rd(0.28%) * (1-Tc(0.06)))
Discount Rate = 7.82% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -11.02%
[DCF Debug] Terminal Value 79.66% ; FCFF base≈219.9m ; Y1≈230.1m ; Y5≈266.6m
Fair Price DCF = 151.9 (EV 4.89b - Net Debt -373.4m = Equity 5.26b / Shares 34.7m; r=7.75% [WACC]; 5y FCF grow 4.96% → 2.90% )
EPS Correlation: 32.17 | EPS CAGR: 14.83% | SUE: 1.67 | # QB: 3
Revenue Correlation: -87.45 | Revenue CAGR: -3.73% | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=5.60 | Chg30d=+0.043 | Revisions Net=+7 | Growth EPS=+8.0% | Growth Revenue=+8.8%

Additional Sources for JOYY Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle