Bilibili Inc. Sponsored ADR (BILI) vs JOYY Inc. Sponsored ADR (JOYY)

Bilibili Inc. Sponsored ADR and JOYY Inc. Sponsored ADR are both Internet Content & Information companies. Bilibili Inc. Sponsored ADR is the larger, with a market value of $4.9B against $2.7B — 1.8× the size. JOYY Inc. Sponsored ADR trades at the lower P/E: 19.4× against 26.5×. Bilibili Inc. Sponsored ADR grew revenue faster over the last twelve months: 14.7% against 7.51%. JOYY Inc. Sponsored ADR has the higher net margin (9.58% vs 4.83%) and the lower return on invested capital (0.72% vs 76.5%). Across the 21 metrics below, Bilibili Inc. Sponsored ADR leads on 11 and JOYY Inc. Sponsored ADR on 10.

Valuation

Metric BILI JOYY Internet Content & Information median
P/E 26.55 19.44 11.54
P/S 1.28 1.82 0.86
P/B 2.65 0.64 1.20
Price to free cash flow 3.78 3.96 9.63
EV/EBITDA 18.31 47.26 8.68
EV/Sales 0.81 1.22 1.18
Earnings yield 3.77% 5.14% (2.42%)
Free cash flow yield 26.47% 25.27% 2.27%

Profitability

Metric BILI JOYY Internet Content & Information median
Gross margin 37.00% 34.81% 66.84%
Operating margin 4.40% 2.58% (3.41%)
Net margin 4.83% 9.58% (3.02%)
Free cash flow margin 0.00% 0.00% 1.75%
Return on equity 0.00% 3.32% 0.00%
Return on assets 3.83% 2.89% (0.36%)
Return on invested capital 76.46% 0.72% 0.00%

Growth

Metric BILI JOYY Internet Content & Information median
Revenue growth (TTM) 14.66% 7.51% 2.65%
EPS growth (last fiscal year) 188.64% 1,643.92% 34.45%
Revenue growth, 5-year CAGR 18.73% 2.06% 9.73%
Net income growth, 5-year CAGR 0.00% 8.84% 0.00%

Health

Metric BILI JOYY Internet Content & Information median
Debt to equity 0.60 0.01 0.01
Current ratio 1.32 2.01 1.82
Net debt to EBITDA (4.39) (8.05) (0.48)

Dividend

Metric BILI JOYY Internet Content & Information median
Dividend yield — 0.00% 1.07%
Payout ratio — 0.00 0.28

Size

Metric BILI JOYY Internet Content & Information median
Market cap 4.89b 2.72b 318.52m

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