JOYY stock: fair value
JOYYThe fair value of JOYY under our model is $88.39, the price is 11% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $67.99 and expensive above $126.27 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $108.51 (cash-flow model) and $68.27 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 9.1%. At 10.1% the fair value would be $79.50, at 8.1% it would be $101.47.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (16.1).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 9.1% (government bond yield 3.8% plus beta 1.25 times a risk premium of 4.2%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $108.51 per share: free cash flow for the next ten years, each year discounted to today at 9.1%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.1%) |
|---|---|---|---|---|
| 2026 | $231.8M | extrapolated at 16.5% | 0.9166 | $212.45M |
| 2027 | $261.18M | extrapolated at 12.7% | 0.8401 | $219.41M |
| 2028 | $287.35M | extrapolated at 10.0% | 0.7700 | $221.26M |
| 2029 | $310.81M | extrapolated at 8.2% | 0.7057 | $219.35M |
| 2030 | $332.14M | extrapolated at 6.9% | 0.6469 | $214.85M |
| 2031 | $351.92M | extrapolated at 5.9% | 0.5929 | $208.65M |
| 2032 | $370.63M | extrapolated at 5.3% | 0.5434 | $201.41M |
| 2033 | $388.68M | extrapolated at 4.9% | 0.4981 | $193.59M |
| 2034 | $406.4M | extrapolated at 4.6% | 0.4565 | $185.53M |
| 2035 | $424.04M | extrapolated at 4.3% | 0.4184 | $177.43M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $2.05B |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (9.1% − 3.8%) | $8.35B |
| Present value of terminal value (× 0.4184) | $3.49B |
| Equity value (sum plus present value of terminal value) | $5.55B |
| Shares (diluted) | 51.12M |
| Value per share (equity value divided by shares) | $108.51 |
| Earnings per share, last twelve months | $4.25 |
| × 16.1 (industry P/E) | $68.27 |
| Fair value (average of both parts) | $88.39 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 30 Apr 2024)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.