Joyy Inc Stock Intrinsic Value – JOYY INC Reports Profitable Q2 FY2023 Earnings Results for June 30, 2023
September 7, 2023
☀️Earnings Overview
On August 30 2023, JOYY INC ($NASDAQ:YY) released its earnings results for the second quarter of FY2023, which came to a close on June 30 of that year. Total revenue was USD 547.3 million, representing an 8.2% decrease compared to the same quarter in FY2022. Net income, however, saw a significant increase from the prior year, reaching USD 155.1 million after having been only USD 18.6 million in FY2022.
Share Price
On Wednesday, JOYY INC reported their Q2 FY2023 earnings results for June 30, 2023. The stock opened at $33.9 and closed at $34.1, up by 0.4% from prior closing price of 34.0. This marks a profitable quarter for the company as their earnings increased year-over-year. This positive cash flow allowed the company to invest in future growth and expansion of their operations.
Their net income increased significantly, while their total assets and cash flow also saw improvements compared to the same period last year. These strong results indicate that JOYY INC is on track to have a successful financial year in 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Joyy Inc. More…
| Total Revenues | Net Income | Net Margin |
| 2.32k | 310.75 | -10.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Joyy Inc. More…
| Operations | Investing | Financing |
| 316.49 | -510.28 | -321.91 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Joyy Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.42k | 3.22k | 80.2 |
Key Ratios Snapshot
Some of the financial key ratios for Joyy Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -17.0% | -30.4% | 32.6% |
| FCF Margin | ROE | ROA |
| 10.6% | 9.3% | 5.6% |
Analysis – Joyy Inc Stock Intrinsic Value
We have evaluated JOYY INC‘s wellbeing and, according to our proprietary Valuation Line, the fair value of the stock is around $56.0. The current price of JOYY INC is $34.1, which indicates that the stock is undervalued by 39.1%. This makes it an attractive opportunity for potential investors looking to capitalize on an undervalued asset. More…
Peers
The company operates a number of online platforms, including Youku Tudou, YY Live, and Bigo Live. JOYY Inc‘s main competitors are Grom Social Enterprises Inc, IL2M International Corp, and Lizhi Inc. All three companies are based in the United States.
– Grom Social Enterprises Inc ($NASDAQ:GROM)
Grom Social Enterprises Inc is a social media company that operates in the children’s market. The company has a market capitalization of 6.82 million and a return on equity of -24.49%. The company’s products and services are aimed at children and families. The company was founded in 2010 and is headquartered in Boca Raton, Florida.
– IL2M International Corp ($OTCPK:ILIM)
IL2M International Corp is a publicly traded company with a market cap of 366.35k as of 2022. The company has a Return on Equity of 1203.09%. IL2M International Corp is a holding company that operates in the e-commerce, digital media, and entertainment industries. The company was founded in 2006 and is headquartered in Los Angeles, California.
– Lizhi Inc ($NASDAQ:LIZI)
Lizhi Inc. is a leading audio content platform in China with over 10 years of experience. The company has a market cap of 21.24M as of 2022 and a Return on Equity of 1.81%. Lizhi Inc. provides an innovative and convenient way for people to listen to audio content and connect with others. The company’s mission is to use the power of audio to bring people together and make the world a more connected place.
Summary
JOYY Inc‘s second quarter earnings for FY2023 saw total revenue decrease by 8.2%, to USD 547.3 million. Despite this, net income for the quarter increased significantly to USD 155.1 million. This represents a notable improvement in profitability compared to the prior year’s 18.6 million.
Given these results, investors may view JOYY Inc as a potentially attractive investment opportunity, particularly due to its substantial increase in profitability. Investors should, however, continue to monitor the company’s performance over time to determine if these benefits will be sustained.
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