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 $4.8B against $2.6B — 1.9× the size. JOYY Inc. Sponsored ADR trades at the lower P/E: 18.9× against 27.0×. 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 26.98 18.89 12.38
P/S 1.30 1.77 0.93
P/B 2.69 0.62 1.24
Price to free cash flow 3.84 3.85 10.76
EV/EBITDA 18.78 45.28 10.74
EV/Sales 0.83 1.17 1.20
Earnings yield 3.71% 5.29% (1.71%)
Free cash flow yield 26.04% 26.00% 4.26%

Profitability

Metric BILI JOYY Internet Content & Information median
Gross margin 37.00% 34.81% 63.25%
Operating margin 4.40% 2.58% (1.87%)
Net margin 4.83% 9.58% (1.37%)
Free cash flow margin 0.00% 0.00% 3.47%
Return on equity 0.00% 3.32% (1.19%)
Return on assets 3.83% 2.89% 0.00%
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% 6.92%
EPS growth (last fiscal year) 188.64% 1,643.92% 34.37%
Revenue growth, 5-year CAGR 18.73% 2.06% 10.46%
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 1.84
Net debt to EBITDA (4.39) (8.05) (0.53)

Dividend

Metric BILI JOYY Internet Content & Information median
Dividend yield — 0.00% 1.19%
Payout ratio — 0.00 0.27

Size

Metric BILI JOYY Internet Content & Information median
Market cap 4.83b 2.61b 693.23m

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