Intrinsic value of YY ADR - YY

Previous Close

$68.81

  Intrinsic Value

$1,414

stock screener

  Rating & Target

str. buy

+999%

Previous close

$68.81

 
Intrinsic value

$1,414

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of YY stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  48.40
  44.06
  40.15
  36.64
  33.47
  30.63
  28.06
  25.76
  23.68
  21.81
  20.13
  18.62
  17.26
  16.03
  14.93
  13.94
  13.04
  12.24
  11.51
  10.86
  10.28
  9.75
  9.27
  8.85
  8.46
  8.12
  7.80
  7.52
  7.27
  7.04
Revenue, $m
  2,601
  3,747
  5,251
  7,175
  9,577
  12,510
  16,021
  20,148
  24,919
  30,355
  36,466
  43,256
  50,720
  58,852
  67,638
  77,063
  87,114
  97,775
  109,033
  120,877
  133,299
  146,293
  159,861
  174,003
  188,727
  204,043
  219,967
  236,516
  253,714
  271,586
Variable operating expenses, $m
  1,882
  2,699
  3,771
  5,143
  6,855
  8,945
  11,448
  14,389
  17,790
  21,664
  25,992
  30,831
  36,152
  41,948
  48,210
  54,928
  62,092
  69,691
  77,715
  86,157
  95,011
  104,273
  113,944
  124,024
  134,518
  145,436
  156,786
  168,582
  180,840
  193,578
Fixed operating expenses, $m
  88
  90
  92
  94
  96
  98
  100
  102
  105
  107
  109
  112
  114
  117
  119
  122
  124
  127
  130
  133
  136
  139
  142
  145
  148
  151
  155
  158
  162
  165
Total operating expenses, $m
  1,970
  2,789
  3,863
  5,237
  6,951
  9,043
  11,548
  14,491
  17,895
  21,771
  26,101
  30,943
  36,266
  42,065
  48,329
  55,050
  62,216
  69,818
  77,845
  86,290
  95,147
  104,412
  114,086
  124,169
  134,666
  145,587
  156,941
  168,740
  181,002
  193,743
Operating income, $m
  631
  958
  1,388
  1,939
  2,626
  3,467
  4,473
  5,656
  7,024
  8,583
  10,365
  12,313
  14,454
  16,787
  19,308
  22,013
  24,897
  27,957
  31,188
  34,587
  38,152
  41,881
  45,775
  49,834
  54,060
  58,456
  63,026
  67,777
  72,713
  77,843
EBITDA, $m
  685
  1,024
  1,470
  2,040
  2,752
  3,622
  4,664
  5,889
  7,305
  8,919
  10,734
  12,751
  14,968
  17,383
  19,993
  22,794
  25,780
  28,947
  32,292
  35,811
  39,502
  43,363
  47,394
  51,596
  55,971
  60,522
  65,254
  70,172
  75,282
  80,593
Interest expense (income), $m
  0
  5
  18
  35
  58
  87
  124
  168
  221
  284
  356
  439
  532
  635
  748
  871
  1,005
  1,148
  1,300
  1,462
  1,633
  1,813
  2,001
  2,199
  2,404
  2,619
  2,843
  3,075
  3,317
  3,568
  3,829
Earnings before tax, $m
  626
  940
  1,353
  1,881
  2,539
  3,343
  4,305
  5,435
  6,740
  8,227
  9,926
  11,781
  13,820
  16,039
  18,437
  21,008
  23,749
  26,656
  29,725
  32,954
  36,339
  39,880
  43,577
  47,430
  51,441
  55,613
  59,951
  64,460
  69,145
  74,014
Tax expense, $m
  169
  254
  365
  508
  686
  903
  1,162
  1,467
  1,820
  2,221
  2,680
  3,181
  3,731
  4,331
  4,978
  5,672
  6,412
  7,197
  8,026
  8,897
  9,811
  10,768
  11,766
  12,806
  13,889
  15,016
  16,187
  17,404
  18,669
  19,984
Net income, $m
  457
  686
  988
  1,373
  1,854
  2,441
  3,143
  3,967
  4,920
  6,006
  7,246
  8,600
  10,088
  11,709
  13,459
  15,336
  17,337
  19,459
  21,700
  24,056
  26,527
  29,112
  31,811
  34,624
  37,552
  40,598
  43,765
  47,056
  50,476
  54,030

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,632
  2,350
  3,294
  4,501
  6,008
  7,848
  10,051
  12,640
  15,633
  19,043
  22,877
  27,137
  31,820
  36,921
  42,433
  48,346
  54,651
  61,339
  68,402
  75,832
  83,625
  91,778
  100,289
  109,161
  118,398
  128,007
  137,997
  148,379
  159,168
  170,380
Adjusted assets (=assets-cash), $m
  1,632
  2,350
  3,294
  4,501
  6,008
  7,848
  10,051
  12,640
  15,633
  19,043
  22,877
  27,137
  31,820
  36,921
  42,433
  48,346
  54,651
  61,339
  68,402
  75,832
  83,625
  91,778
  100,289
  109,161
  118,398
  128,007
  137,997
  148,379
  159,168
  170,380
Revenue / Adjusted assets
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
  1.594
Average production assets, $m
  414
  596
  835
  1,141
  1,523
  1,989
  2,547
  3,203
  3,962
  4,826
  5,798
  6,878
  8,065
  9,357
  10,754
  12,253
  13,851
  15,546
  17,336
  19,219
  21,194
  23,261
  25,418
  27,666
  30,008
  32,443
  34,975
  37,606
  40,341
  43,182
Working capital, $m
  -486
  -701
  -982
  -1,342
  -1,791
  -2,339
  -2,996
  -3,768
  -4,660
  -5,676
  -6,819
  -8,089
  -9,485
  -11,005
  -12,648
  -14,411
  -16,290
  -18,284
  -20,389
  -22,604
  -24,927
  -27,357
  -29,894
  -32,539
  -35,292
  -38,156
  -41,134
  -44,229
  -47,445
  -50,787
Total debt, $m
  328
  650
  1,073
  1,614
  2,289
  3,113
  4,100
  5,260
  6,601
  8,129
  9,846
  11,754
  13,852
  16,138
  18,607
  21,256
  24,081
  27,077
  30,241
  33,570
  37,061
  40,714
  44,527
  48,501
  52,640
  56,944
  61,420
  66,071
  70,905
  75,928
Total liabilities, $m
  731
  1,053
  1,476
  2,017
  2,692
  3,516
  4,503
  5,663
  7,004
  8,531
  10,249
  12,157
  14,255
  16,541
  19,010
  21,659
  24,484
  27,480
  30,644
  33,973
  37,464
  41,116
  44,929
  48,904
  53,042
  57,347
  61,823
  66,474
  71,307
  76,330
Total equity, $m
  901
  1,297
  1,818
  2,485
  3,316
  4,332
  5,548
  6,977
  8,629
  10,512
  12,628
  14,979
  17,564
  20,380
  23,423
  26,687
  30,167
  33,859
  37,758
  41,859
  46,161
  50,661
  55,360
  60,257
  65,356
  70,660
  76,174
  81,905
  87,861
  94,050
Total liabilities and equity, $m
  1,632
  2,350
  3,294
  4,502
  6,008
  7,848
  10,051
  12,640
  15,633
  19,043
  22,877
  27,136
  31,819
  36,921
  42,433
  48,346
  54,651
  61,339
  68,402
  75,832
  83,625
  91,777
  100,289
  109,161
  118,398
  128,007
  137,997
  148,379
  159,168
  170,380
Debt-to-equity ratio
  0.360
  0.500
  0.590
  0.650
  0.690
  0.720
  0.740
  0.750
  0.760
  0.770
  0.780
  0.780
  0.790
  0.790
  0.790
  0.800
  0.800
  0.800
  0.800
  0.800
  0.800
  0.800
  0.800
  0.800
  0.810
  0.810
  0.810
  0.810
  0.810
  0.810
Adjusted equity ratio
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  457
  686
  988
  1,373
  1,854
  2,441
  3,143
  3,967
  4,920
  6,006
  7,246
  8,600
  10,088
  11,709
  13,459
  15,336
  17,337
  19,459
  21,700
  24,056
  26,527
  29,112
  31,811
  34,624
  37,552
  40,598
  43,765
  47,056
  50,476
  54,030
Depreciation, amort., depletion, $m
  55
  66
  82
  101
  125
  155
  191
  232
  281
  336
  369
  438
  514
  596
  685
  780
  882
  990
  1,104
  1,224
  1,350
  1,482
  1,619
  1,762
  1,911
  2,066
  2,228
  2,395
  2,569
  2,750
Funds from operations, $m
  512
  753
  1,069
  1,474
  1,979
  2,596
  3,333
  4,200
  5,201
  6,342
  7,615
  9,038
  10,602
  12,305
  14,144
  16,117
  18,219
  20,449
  22,804
  25,280
  27,877
  30,594
  33,430
  36,386
  39,463
  42,664
  45,992
  49,451
  53,045
  56,781
Change in working capital, $m
  -159
  -214
  -281
  -360
  -449
  -548
  -657
  -772
  -892
  -1,016
  -1,143
  -1,270
  -1,396
  -1,521
  -1,643
  -1,763
  -1,879
  -1,994
  -2,105
  -2,215
  -2,323
  -2,430
  -2,537
  -2,645
  -2,753
  -2,864
  -2,978
  -3,095
  -3,216
  -3,342
Cash from operations, $m
  670
  967
  1,351
  1,834
  2,428
  3,144
  3,990
  4,972
  6,094
  7,358
  8,758
  10,308
  11,998
  13,825
  15,787
  17,879
  20,099
  22,443
  24,909
  27,495
  30,200
  33,024
  35,967
  39,030
  42,216
  45,528
  48,970
  52,546
  56,261
  60,123
Maintenance CAPEX, $m
  -18
  -26
  -38
  -53
  -73
  -97
  -127
  -162
  -204
  -252
  -307
  -369
  -438
  -514
  -596
  -685
  -780
  -882
  -990
  -1,104
  -1,224
  -1,350
  -1,482
  -1,619
  -1,762
  -1,911
  -2,066
  -2,228
  -2,395
  -2,569
New CAPEX, $m
  -135
  -182
  -239
  -306
  -382
  -466
  -558
  -656
  -759
  -864
  -972
  -1,080
  -1,187
  -1,293
  -1,397
  -1,499
  -1,598
  -1,695
  -1,790
  -1,883
  -1,975
  -2,066
  -2,157
  -2,249
  -2,341
  -2,435
  -2,532
  -2,631
  -2,734
  -2,842
Cash from investing activities, $m
  -153
  -208
  -277
  -359
  -455
  -563
  -685
  -818
  -963
  -1,116
  -1,279
  -1,449
  -1,625
  -1,807
  -1,993
  -2,184
  -2,378
  -2,577
  -2,780
  -2,987
  -3,199
  -3,416
  -3,639
  -3,868
  -4,103
  -4,346
  -4,598
  -4,859
  -5,129
  -5,411
Free cash flow, $m
  517
  758
  1,073
  1,475
  1,974
  2,581
  3,305
  4,153
  5,131
  6,241
  7,479
  8,859
  10,373
  12,019
  13,794
  15,695
  17,720
  19,866
  22,129
  24,508
  27,001
  29,608
  32,328
  35,163
  38,113
  41,182
  44,372
  47,687
  51,132
  54,712
Issuance/(repayment) of debt, $m
  238
  322
  423
  541
  675
  824
  987
  1,160
  1,341
  1,528
  1,718
  1,908
  2,098
  2,285
  2,469
  2,649
  2,825
  2,996
  3,164
  3,329
  3,491
  3,652
  3,813
  3,975
  4,138
  4,305
  4,475
  4,651
  4,834
  5,023
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  238
  322
  423
  541
  675
  824
  987
  1,160
  1,341
  1,528
  1,718
  1,908
  2,098
  2,285
  2,469
  2,649
  2,825
  2,996
  3,164
  3,329
  3,491
  3,652
  3,813
  3,975
  4,138
  4,305
  4,475
  4,651
  4,834
  5,023
Total cash flow (excl. dividends), $m
  756
  1,081
  1,496
  2,015
  2,649
  3,405
  4,292
  5,313
  6,472
  7,769
  9,197
  10,767
  12,471
  14,304
  16,263
  18,345
  20,545
  22,862
  25,293
  27,836
  30,492
  33,260
  36,141
  39,137
  42,251
  45,487
  48,847
  52,338
  55,965
  59,735
Retained Cash Flow (-), $m
  -294
  -397
  -521
  -666
  -832
  -1,016
  -1,216
  -1,429
  -1,652
  -1,882
  -2,116
  -2,351
  -2,585
  -2,816
  -3,042
  -3,264
  -3,481
  -3,692
  -3,899
  -4,102
  -4,302
  -4,500
  -4,698
  -4,897
  -5,099
  -5,304
  -5,514
  -5,731
  -5,956
  -6,189
Prev. year cash balance distribution, $m
  997
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,459
  684
  975
  1,349
  1,817
  2,389
  3,076
  3,884
  4,820
  5,887
  7,080
  8,416
  9,886
  11,488
  13,221
  15,081
  17,065
  19,170
  21,394
  23,735
  26,191
  28,760
  31,443
  34,240
  37,153
  40,183
  43,333
  46,607
  50,010
  53,546
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  1,399
  626
  849
  1,111
  1,408
  1,734
  2,078
  2,428
  2,769
  3,086
  3,362
  3,591
  3,759
  3,857
  3,881
  3,832
  3,713
  3,530
  3,294
  3,016
  2,709
  2,386
  2,061
  1,744
  1,445
  1,172
  930
  721
  546
  403
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

YY Inc. (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company's segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning. YY offers users an entertainment experience through its social community. It owns the domain names of YY.com, Duowan.com, 100.com, Huya.com, Edu24ol.com and Zhiniu8.com. The Company's YY platform, including YY.com, is jointly operated by personnel from Guangzhou Huaduo and Zhuhai Duowan. Its product, YY Client, enables users to engage in live interactions online. Its Web-based YY enables users to conduct real-time interactions through Web browsers without requiring any downloads or installations.

FINANCIAL RATIOS  of  YY ADR (YY)

Valuation Ratios
P/E Ratio 347.1
Price to Sales 64.3
Price to Book 104.5
Price to Tangible Book
Price to Cash Flow 218.2
Price to Free Cash Flow 241.6
Growth Rates
Sales Growth Rate 39.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -89.3%
Cap. Spend. - 3 Yr. Gr. Rate 27.7%
Financial Strength
Quick Ratio 2
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 54.9%
Interest Coverage 0
Management Effectiveness
Return On Assets 17.8%
Ret/ On Assets - 3 Yr. Avg. 18.3%
Return On Total Capital 22.2%
Ret/ On T. Cap. - 3 Yr. Avg. 23%
Return On Equity 36.4%
Return On Equity - 3 Yr. Avg. 37.1%
Asset Turnover 1
Profitability Ratios
Gross Margin 37.8%
Gross Margin - 3 Yr. Avg. 42.3%
EBITDA Margin 25.1%
EBITDA Margin - 3 Yr. Avg. 27.8%
Operating Margin 21.6%
Oper. Margin - 3 Yr. Avg. 23.5%
Pre-Tax Margin 21.7%
Pre-Tax Margin - 3 Yr. Avg. 24.8%
Net Profit Margin 18.5%
Net Profit Margin - 3 Yr. Avg. 21.6%
Effective Tax Rate 15.9%
Eff/ Tax Rate - 3 Yr. Avg. 14.8%
Payout Ratio 0%

YY stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the YY stock intrinsic value calculation we used $1752.53808948 million for the last fiscal year's total revenue generated by YY ADR. The default revenue input number comes from 0001 income statement of YY ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our YY stock valuation model: a) initial revenue growth rate of 48.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for YY is calculated based on our internal credit rating of YY ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of YY ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of YY stock the variable cost ratio is equal to 72.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $86 million in the base year in the intrinsic value calculation for YY stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for YY ADR.

Corporate tax rate of 27% is the nominal tax rate for YY ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the YY stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for YY are equal to 15.9%.

Life of production assets of 15.7 years is the average useful life of capital assets used in YY ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for YY is equal to -18.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1603.8626058 million for YY ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 48.296 million for YY ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of YY ADR at the current share price and the inputted number of shares is $3.3 billion.

RELATED COMPANIES Price Int.Val. Rating
BIDU Baidu ADR 188.41 824.24  str.buy
CYOU Changyou.com A 18.69 100.09  str.buy
NTES Netease ADR 231.39 2,891.17  str.buy
SOHU Sohu.com ADR 19.93 23.80  hold

COMPANY NEWS

▶ Why YY, Inc. Stock Popped Today   [Nov-14-18 04:59PM  Motley Fool]
▶ How Much Of YY Inc (NASDAQ:YY) Do Insiders Own?   [Nov-13-18 12:55PM  Simply Wall St.]
▶ YY: 3Q Earnings Snapshot   [Nov-12-18 05:39PM  Associated Press]
▶ A Preview Of YY Inc.'s Q3 Earnings   [08:27AM  Benzinga]
▶ Why YY Inc. Stock Fell 14.7% in October   [Nov-08-18 10:48PM  Motley Fool]
▶ Is YY (YY) a Great Value Stock Right Now?   [Oct-30-18 09:10AM  Zacks]
▶ YY Stock Has Become a Bargain, But Dont But It Yet!   [Oct-19-18 05:00AM  InvestorPlace]
▶ Bear of the Day: YY Inc. (YY)   [07:01AM  Zacks]
▶ Why YY, Inc. Stock Plunged 18% in August   [Sep-12-18 07:29PM  Motley Fool]
▶ Momo Beats the Street as Live Streaming Continues to Boom   [Aug-22-18 05:00PM  GuruFocus.com]
▶ New Strong Sell Stocks for August 16th   [Aug-16-18 08:34AM  Zacks]
▶ YY: 2Q Earnings Snapshot   [Aug-13-18 06:09PM  Associated Press]
▶ 5 Undervalued Top-Ranked Tech Stocks to Grab   [Jul-25-18 11:01AM  InvestorPlace]
▶ Top Stock Picks for the Week of July 16, 2018   [Jul-16-18 07:36PM  Zacks]
▶ Anatomy of Success: YY Inc. (YY)   [Jun-14-18 02:53PM  Zacks]
▶ Why Shares of YY Inc. Dropped Today   [04:52PM  Motley Fool]
▶ Dow Leads Mixed Action; Retailer In Buy Zone Ahead Of Earnings   [10:22AM  Investor's Business Daily]
▶ China's YY, Huya Report Robust Earnings Growth   [Jun-05-18 06:52PM  Investor's Business Daily]
▶ YY: 1Q Earnings Snapshot   [06:26PM  Associated Press]
▶ Veeva, YY Lift Stocks As Dow Jones Leads; Is It Time To Sell iQiyi Stock?   [Jun-04-18 04:27PM  Investor's Business Daily]
▶ Estimating The Intrinsic Value Of YY Inc (NASDAQ:YY)   [May-31-18 03:46PM  Simply Wall St.]
▶ HUYA IPO To List On NYSE   [May-04-18 12:55PM  Forbes]
▶ YY Filed 2017 Annual Report on Form 20-F   [Apr-26-18 05:30PM  GlobeNewswire]
▶ Strong Week Despite Weak Finish   [Apr-16-18 09:15AM  Zacks]
▶ Buying the Dips and Selling the Rips   [Apr-13-18 11:44AM  TheStreet.com]
▶ Dow Logs First Green Close of the Week   [Mar-16-18 09:15AM  Zacks]

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