Previous Close | $7.87 |
Intrinsic Value | $7.53 |
Upside potential | -4% |
Data is not available at this time.
DouYu International Holdings Limited operates as a leading game-centric live-streaming platform in China, leveraging interactive entertainment to drive user engagement and monetization. The company generates revenue primarily through virtual gifting, advertising, and game-related services, capitalizing on the booming esports and digital content consumption trends. DouYu differentiates itself through high-quality streaming content, exclusive partnerships with top gamers, and a robust community ecosystem that fosters loyalty among its user base. The platform competes in a highly fragmented market dominated by Tencent-backed rivals like Huya, yet maintains a strong niche presence by focusing on hardcore gaming audiences and immersive viewer experiences. Regulatory pressures and shifting content preferences pose challenges, but DouYu’s specialized focus and cost-efficient operations provide resilience. Its market position hinges on sustaining content diversity while optimizing monetization through premium subscriptions and esports integrations.
In FY 2024, DouYu reported revenue of CNY 4.27 billion, reflecting competitive pressures in the live-streaming sector. The company posted a net loss of CNY 297 million, with diluted EPS of -CNY 0.97, indicating ongoing profitability challenges. Operating cash flow and capital expenditures were not disclosed, limiting visibility into cash generation efficiency. Monetization per user remains a critical lever for improvement.
DouYu’s negative earnings underscore margin compression from high content acquisition costs and subdued advertising demand. The absence of operating cash flow data precludes assessment of capital efficiency, but the modest debt of CNY 15.7 million suggests a conservative leverage profile. Scalability depends on optimizing content spend and diversifying revenue beyond virtual gifting.
The company maintains a solid liquidity position with CNY 1.02 billion in cash and equivalents, providing flexibility amid losses. Total debt is negligible at CNY 15.7 million, implying minimal solvency risk. However, sustained losses could erode cash reserves if not addressed through operational turnaround or cost restructuring.
Growth is constrained by market saturation and regulatory scrutiny in China’s streaming industry. DouYu has not instituted a dividend, prioritizing cash retention for content investments and potential M&A. User engagement metrics and ARPU trends will be pivotal for reversing top-line stagnation.
The market likely prices DouYu at a discount to peers due to its unprofitability and narrower scale. Valuation hinges on execution toward breakeven and esports monetization. A premium would require demonstrating sustainable user monetization or strategic alliances with gaming studios.
DouYu’s deep integration with gaming ecosystems and loyal user base are key advantages. The outlook remains cautious, with success contingent on cost discipline and innovation in hybrid content formats. Regulatory clarity and esports commercialization could unlock upside, but competitive intensity persists.
Company filings, industry reports
show cash flow forecast
Fiscal year | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | 2036 | 2037 | 2038 | 2039 | 2040 | 2041 | 2042 | 2043 | 2044 | 2045 | 2046 | 2047 | 2048 | 2049 | |
INCOME STATEMENT | ||||||||||||||||||||||||||
Revenue growth rate, % | NaN | |||||||||||||||||||||||||
Revenue, $ | NaN | |||||||||||||||||||||||||
Variable operating expenses, $m | NaN | |||||||||||||||||||||||||
Fixed operating expenses, $m | NaN | |||||||||||||||||||||||||
Total operating expenses, $m | NaN | |||||||||||||||||||||||||
Operating income, $m | NaN | |||||||||||||||||||||||||
EBITDA, $m | NaN | |||||||||||||||||||||||||
Interest expense (income), $m | NaN | |||||||||||||||||||||||||
Earnings before tax, $m | NaN | |||||||||||||||||||||||||
Tax expense, $m | NaN | |||||||||||||||||||||||||
Net income, $m | NaN | |||||||||||||||||||||||||
BALANCE SHEET | ||||||||||||||||||||||||||
Cash and short-term investments, $m | NaN | |||||||||||||||||||||||||
Total assets, $m | NaN | |||||||||||||||||||||||||
Adjusted assets (=assets-cash), $m | NaN | |||||||||||||||||||||||||
Average production assets, $m | NaN | |||||||||||||||||||||||||
Working capital, $m | NaN | |||||||||||||||||||||||||
Total debt, $m | NaN | |||||||||||||||||||||||||
Total liabilities, $m | NaN | |||||||||||||||||||||||||
Total equity, $m | NaN | |||||||||||||||||||||||||
Debt-to-equity ratio | NaN | |||||||||||||||||||||||||
Adjusted equity ratio | NaN | |||||||||||||||||||||||||
CASH FLOW | ||||||||||||||||||||||||||
Net income, $m | NaN | |||||||||||||||||||||||||
Depreciation, amort., depletion, $m | NaN | |||||||||||||||||||||||||
Funds from operations, $m | NaN | |||||||||||||||||||||||||
Change in working capital, $m | NaN | |||||||||||||||||||||||||
Cash from operations, $m | NaN | |||||||||||||||||||||||||
Maintenance CAPEX, $m | NaN | |||||||||||||||||||||||||
New CAPEX, $m | NaN | |||||||||||||||||||||||||
Total CAPEX, $m | NaN | |||||||||||||||||||||||||
Free cash flow, $m | NaN | |||||||||||||||||||||||||
Issuance/(repurchase) of shares, $m | NaN | |||||||||||||||||||||||||
Retained Cash Flow, $m | NaN | |||||||||||||||||||||||||
Pot'l extraordinary dividend, $m | NaN | |||||||||||||||||||||||||
Cash available for distribution, $m | NaN | |||||||||||||||||||||||||
Discount rate, % | NaN | |||||||||||||||||||||||||
PV of cash for distribution, $m | NaN | |||||||||||||||||||||||||
Current shareholders' claim on cash, % | NaN |