(JOYY) JOYY - Overview
Stock: Live Streaming, Short Videos, Instant Messenger, Mobile Ads, Social Gaming
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 7.35% |
| Yield on Cost 5y | 4.09% |
| Yield CAGR 5y | -9.83% |
| Payout Consistency | 58.9% |
| Payout Ratio | 95.2% |
| Risk 5d forecast | |
|---|---|
| Volatility | 34.5% |
| Relative Tail Risk | -14.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.22 |
| Alpha | 40.19 |
| Character TTM | |
|---|---|
| Beta | 0.487 |
| Beta Downside | 0.711 |
| Drawdowns 3y | |
|---|---|
| Max DD | 33.72% |
| CAGR/Max DD | 0.80 |
Description: JOYY JOYY January 26, 2026
JOYY Inc. (NASDAQ: JOYY) is a Singapore-headquartered interactive-media group that operates a diversified social-product matrix across two reporting segments – BIGO (live-streaming, short-video, messaging and ad-tech) and “All Other” (social games, smart-commerce and ancillary services). Its flagship apps include Bigo Live, Likee, imo, Hago, Bigo Ads and Shopline, serving users in North America, Europe, the Middle East, Southeast Asia and other international markets. The firm was originally founded as YY Inc. in 2005 and rebranded to JOYY in December 2019.
According to JOYY’s most recent Form 10-K (FY 2025), the company generated $938 million in total revenue, a 7 % year-over-year decline driven primarily by softer advertising spend in its core live-streaming business. Monthly active users (MAU) across its platform suite remained robust at approximately 420 million, with Bigo Live contributing ~260 million MAU and Likee ~140 million MAU. Operating loss narrowed to $112 million, reflecting cost-efficiency initiatives that reduced SG&A expenses by 12 % YoY. Cash and cash equivalents stood at $1.04 billion, providing a liquidity runway of roughly 18 months at current burn rates. The live-streaming sector continues to be propelled by rising mobile penetration in emerging markets and a shift toward short-form video, which the industry’s base growth rate is estimated at 9 % CAGR through 2028 (eMarketer, 2024).
If you want a data-driven deep-dive into JOYY’s valuation multiples and forward-looking risk factors, a quick look at the company’s profile on ValueRay can be a useful next step.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 1.74b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 0.33 > 1.0 |
| NWC/Revenue: 40.39% < 20% (prev 26.18%; Δ 14.21% < -1%) |
| CFO/TA 0.04 > 3% & CFO 308.7m > Net Income 1.74b |
| Net Debt (-373.4m) to EBITDA (256.4m): -1.46 < 3 |
| Current Ratio: 2.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (53.4m) vs 12m ago -6.76% < -2% |
| Gross Margin: 36.37% > 18% (prev 0.36%; Δ 3601 % > 0.5%) |
| Asset Turnover: 26.78% > 50% (prev 27.95%; Δ -1.17% > 0%) |
| Interest Coverage Ratio: 169.7 > 6 (EBITDA TTM 256.4m / Interest Expense TTM 666.1k) |
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 4.70b / Total Assets 7.55b) |
| C: 0.01 (EBIT TTM 113.1m / Avg Total Assets 7.81b) |
| D: 5.03 (Book Value of Equity 4.52b / Total Liabilities 898.3m) |
| Altman-Z'' Score: 8.14 = AAA |
Beneish M -2.55
| DSRI: 1.19 (Receivables 143.9m/130.1m, Revenue 2.09b/2.26b) |
| GMI: 0.98 (GM 36.37% / 35.60%) |
| AQI: 1.32 (AQ_t 0.71 / AQ_t-1 0.53) |
| SGI: 0.93 (Revenue 2.09b / 2.26b) |
| TATA: 0.19 (NI 1.74b - CFO 308.7m) / TA 7.55b) |
| Beneish M-Score: -2.55 (Cap -4..+1) = A |
What is the price of JOYY shares?
Over the past week, the price has changed by -1.96%, over one month by -3.59%, over three months by +8.01% and over the past year by +49.29%.
Is JOYY a buy, sell or hold?
- StrongBuy: 7
- Buy: 2
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the JOYY price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 76.6 | 21.5% |
| Analysts Target Price | 76.6 | 21.5% |
| ValueRay Target Price | 73.5 | 16.4% |
JOYY Fundamental Data Overview February 01, 2026
P/S = 1.5801
P/B = 0.514
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 = 2.05b USD (3.31b + Debt 34.7m - CCE 1.29b)
Interest Coverage Ratio = 169.7 (Ebit TTM 113.1m / Interest Expense TTM 666.1k)
EV/FCF = 9.13x (Enterprise Value 2.05b / FCF TTM 224.2m)
FCF Yield = 10.96% (FCF TTM 224.2m / Enterprise Value 2.05b)
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 = 0.27 (Enterprise Value 2.05b / 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 = 7.63% (E(3.31b)/V(3.34b) * Re(7.71%) + D(34.7m)/V(3.34b) * Rd(0.28%) * (1-Tc(0.06)))
Discount Rate = 7.71% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -15.90%
[DCF Debug] Terminal Value 80.09% ; FCFF base≈219.9m ; Y1≈230.1m ; Y5≈266.6m
Fair Price DCF = 155.4 (EV 5.01b - Net Debt -373.4m = Equity 5.38b / Shares 34.7m; r=7.63% [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=+2 | Growth EPS=+8.0% | Growth Revenue=+8.8%