Is JOYY Stock Worth Its Current Dividend Yield?

YY has dropped a drastic 30% over the past month

facebook twitter linkedin


JOYY Inc. (NASDAQ:YY) is a social media company that enables users to interact with each other in real time through online live media. YY operates several social platforms, which together have over 300 million users from over 150 markets. JOYY also has a work force of over 7,900 employees located in over 30 cities across the globe. At last check, YY is trading up 0.4% at $29.60. 

JOYY stock has decreased about 58% year-over-year, and is seeing long-term overhead pressure at the 80-day moving average. Moreover, the social media company offers an extremely attractive dividend yield of 6.56% with a forward dividend of $2.04.

yywith80ma

Still, JOYY stock’s fundamentals provide a mixed bag for investors. YY trades at a decent price-sales ratio of 0.91, their forward price-earnings ratio is placed at an incredibly rich value of 192.31. Moreover, the social media business lacks consistency with their growth, which is reflected in their 2022 sales expectations. JOYY is estimated to end fiscal 2022 with a 1.1% decrease in revenues.

The social media company is expected to grow their earnings by 15.2% for fiscal 2022 as well. In addition, JOYY’s top and bottom-line growth is expected to pick up for 2023, with estimates indicating 9.3% revenue growth and 78.3% earnings growth. This should further be helped by the fact that they hold a strong balance sheet with $4.15 billion in cash and just $918.8 million in total debt, making JOYY stock’s reward potential relatively high for long-term and dividend investors.

 

If you are not making money with options, you aren’t buying options like this…

There is no options strategy that more perfectly approaches trading the fastest moving and most volatile stocks available in the marketplace than this one. In fact, there is no strategy that better utilizes put options for optimal returns and a real trading edge over other traders in the exact same market. New options traders fail out at an incredible rate without proper trade research, execution timing, and option picking. Capitalize on Schaeffer’s 100+ years of options trading excellence with the most coveted product launch in company history. Don't waste another second... join us right now before the next round of trades are released!

SCHAEFFER'S JULY STOCKS REPORT AD
 


 


 
Special Offers from Schaeffer's Trading Partners